iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,419 Blog Posts

Enter Bearded Clam

Ahead of tomorrow’s Fed meeting, expect the market to trade flat. But as sure as I am sitting here, we will be trading up before the week is done.  There is lots of pent up demand for equities being stifled by this vague uncertainty. The bears are ball-less and without honor. It’s only a matter of time when giant anvils drop on their fucking heads from the clouds. Speaking of which, I am not a buyer of the cloud computing space, including FFIV, VMW, CRM, on this dip. I fucking hate those stocks.

However, I do like the semis, namely AMKR and CRUS, based upon the idea of trickle down economics, emanating from the Godly folks over at INTC and their aircraft carrier sized cap ex budget.

Based upon the sublime harmony of mathematical precision aka The PPT, I stepped in and bought a large amount of EXK today, near the lows. Going with that theme, I bought some AGQ too.

Some of my black stocks included TEVA, OPEN, GTE, EXK and FORM. As of 3:35 pm, I am down a little more than 0.1% for the day, putting my YTD loss at  00.00%—nothing. Over the next few weeks, I intend to out-hustle and work all of you fat fuckers. I intend to make a great deal of money and give nothing back in return.

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40 comments

  1. TheV.King

    The V.King prefers his “clams” fresh and shaved…

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  2. Real Texan

    I dont think I made it first, its too tough. You have to have a short post!! I have been holding on to my TNA position. It has been hanging tough!! Looking back over the rally, it should be good for another 8 points.

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  3. The V.King

    MOTR blade moustache punches to the face with severe intensity!!!

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  4. TraderCaddy

    I get it.
    Some of your stocks finished “in the black.”
    And the ending video of the day is the Stones “Paint it Black.”
    Except the video is a little different.
    Reminds me of Mitch Miller for psychos.
    And never eat an orange at the keyboard.
    My “f” key is now sticky.

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  5. drummerboy

    paint it all black motherfucker. great pick you fig.ly wascal motherfucker

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  6. jg

    amen on crm bs.
    loved you tibby, but its time to move on.

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  7. Raule

    Would you consider adding SATC to the INTC trickle hypothesis?

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  8. Alvari40

    I am used to hearing an out of breath, screaming Jagger that forgot how to sing, This live verson sounded fucking great. Nice pic.

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  9. xxxHuggieBearxxx

    lost almost 3% today…bad day indeed. Perfect storm really….long the pound — CRUSHED, long India — CRUSHED, long EWZ, FXI and other such idgits — CRUSHED.

    brutal

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    • panamaorange

      INP india still looks like it has upside potential

      As far as china and the pound though–

      Britain has turned into a glacier, and china’s bond market is locking up.

      Id consider diversifying half your FXI into CYB (Chinese currency). China is entering a staglfationary mess. They’ll have to boost their currency soon. Maybe add some SIL (silver miner’s etf) in place of your pound exposure.

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  10. checklist

    Also hate cloud compting, and feel it should be illegal to rec stocks with pe ratios in triple digits

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  11. scum bucket bitchez!
    scum bucket bitchez!

    Ahead of tomorrow’s Fed meeting, expect the market to trade flat. But as sure as I am sitting here, we will be trading up before the week is done.

    Bold call there Fly. The market almost never moves up after a fed meeting. LMAO!!

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  12. TheMarketAce

    In my club, I will splash the pot whenever the fuck I please.

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  13. Colonel von Ryan

    Jagger is dead.
    This is how he should be remembered…http://www.youtube.com/watch?v=O3F4GmbHl5g&feature=related

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  14. kelkun

    “The bears are ball-less and without honor.”

    lulz

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  15. Alvari40

    You will have a hard time out hustling me if the defense stocks come in with blow out numbers and good guidance on Thursday (LLL, LMT, and RTN). The macro picture is obvious – people running scared due to defense cutbacks; however, in the face of these threats, defense stocks like LLL have pushed up 12% YTD (still down -19% from 2010 highs). On the technical side…..well, just put LLL on a daily chart with a 200 ema. These stocks come in on Thursday, and you will need to hustle a bit to see my taillights in the distance.

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  16. TheArtist

    eggcellent… I plan to watch and learn from inside the PPTas I’m starting to get a handle on the machine.

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  17. Alvari40

    Just read the Prez message for tonight – he will focus on alternative (read solar) energy. Guess his “limp wrists” will make me money with my solar stocks eh? Too funny.

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  18. JakeGint

    I intend to make a great deal of money and give nothing back in return.

    Might check into this awesome stock — Mo-Tricity.

    Its like electricity, but with a “mo.”

    ________

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  19. J

    wow. Great SOTU speech. Now define spending as investment and relegate cuts to the minor part of the speech.

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  20. Bullish

    The Bears are quiet… must be nervous. They should be.

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    • Trading_Nymph

      I am just busy watching a rerun of GLEE. So far the eur/usd is not going wild over the Prez speech. Fly, of course I am ball less, I am a girl, lol…but still a bear. Yes, Everyone is crazy bullish, they want the market to continue its 2 year move…which it probably will. But, China is not restocking yet ..India upped rates which will slow things down there too…commodity prices are hitting ubber highs and everyone thinks the em economies will be just buying them up ala 2009 levels…the beard clam is really making a mess of all this imho..what .I am really curious about is if any of the four new voting members will have any balls tomorrow?.

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      • Frog Being Swallowed Whole by a Giant Black Clam Event
        Frog Being Swallowed Whole by a Giant Black Clam Event

        No. You have more balls than they do. They will follow the lead of the Bearded Clam.

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      • Yabollox

        A female bear is a sow. Not that I would call nymph a sow.

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        • Trading_Nymph

          Frog and Yabo…Frog, I still have hope for two of the new guys, we will see….Yabo, I totally didn’t know that, thank you for teaching me something new today….BTW Fly, China Booze companies are the leaders to the upside in Shanghai tonight fwiw.

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  21. Fly

    Jake is banned.

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    • Bullish

      I was really hoping to hear his spin on tonights speech. I guess I’ll just check in to Fox News.

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      • JakeGint

        Your joshing right? The State of the Union has been a joke for fifty years now. It gets more cartoonish every year. I expect there were many windy applause lines? Standing O’s?

        Puhleeze.

        ________

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        • Po Pimp

          Dubya’s crack about sending people to Mars was one of my favorites. That went far.

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          • DMG

            VSE was a decent idea. It was implemented wrong. We’ll get there, and the cancellation of Shuttle will indirectly lead the way (fledgling commercial capabilities and companies cost an order of magnitude less than NASA in-house launch vehicles).

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          • DMG

            Hey fuknut – dont make me come up there.

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  22. JakeGint

    Tonight’s dread admission, Yes, in fact Silver WAS oversold!

    And so was the Lone Ranger at one point. Then he stopped getting gigs altogether.

    __________

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  23. Fly

    Hey, you are banned! post on your blog

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