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
23,473 Blog Posts

Valuation Calls Await

The deeper this correction gets, the greater chance of catching good old fashioned analyst upgrades, based upon valuation. For the most part, analysts are slaves (sorry AB) to their models and look at nothing else. So, as the world crumbles, stocks “look cheaper” to them, based upon their excel spreadsheets, forcing them to write fancy reports.

I need to be on a plane in about 3 hours, so this will be brief.

No one is going to want to be long over the weekend, with exception to oil, gold, silver. It’s okay to nibble, but not bite.

Hot money is being tossed into small cap oil. See The PPT screen I tossed up yesterday for details. All in all, I expect the market to shatter the dreams of many, while emboldening people like me to activate orbital space cannons. Due to my schedule, I will not have a chance to really have a look at the market until 2pm.

See you fuckers later.

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31 comments

  1. TheV.King

    Analysts are worthless…PPT is all you need.

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  2. TheArtist

    just for today I have replaced my beret with this fine looking top hat.

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  3. go2mars

    Orbital space cannons like this one? http://www.youtube.com/watch?v=i1q_rRicAwI

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  4. logicalthought

    >>I need to be on a plane in about 3 hours, so this will be brief.<<

    +865% in the personal account, any you're flying COMMERCIAL?

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    • go2mars

      Takes a while to drive over to the hanger where he keeps various of the hypersonic suborbital craft.

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  5. peel

    The market is now going to move in direct correlation with oil as it is this morning. Oil selling off futures up.

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  6. Quint

    Markup day is tomorrow – 2nd to last trading day of month – so there will be a bid under the market this afternoon and tomorrow.

    Then they’ll just dump it on Monday.

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    • Po Pimp

      But you are neglecting the impact of Merger Monday followed immediately by “First of the Month Fun”.

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  7. Dr Genius

    Bear clowns can go fuck themselves. portfolio is exploding to the upside by 15%, wiping all losses in the last two days. All of my trades are placed in the PPT.

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  8. TraderCaddy

    Fly. A little advice.
    Try not to curse out the TSA at the airport or throw hot coffee in their faces.
    Do that and you may get the pat down while tied naked to a tree on the tarmac.

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  9. Quint

    The Libyan leader said the more than week-long revolt has been carried out by young men hopped up on hallucinogenic pills given to them “in their coffee with milk, like Nescafe.”

    Those crazy kids – three fingers of Jack works for me in my coffee.

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  10. analystbomber

    No offense taken.
    http://ibankcoin.com/analyst_bomber/2011/02/24/rbcn-and-the-groupies/

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  11. checklist

    the newsbot reports that spyker (car company) is being sold to a russian.

    those cars stand as quite possibly the best looking car, with quite possibly the most unique and excellent interior, anywhere save possibly cars I have never seen, like a Pagani. They also sound fantastic, just epic, with the ITB V8.

    They are not, I am told, particularly good sports cars (handling, power), but I don’t think that was the point, the point was to look gooooooooooooood.

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  12. TheV.King

    Hey Cain Thaler and Trading Nymph what do you guys make of this tape?

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    • mrkcbill

      Lunch today…. white rice…1/2 can of tunafish 2 scoops of cottage cheese…..lettuce wedge no dressing…..64 ozs of water….(not really)

      Off to do military push ups and squats…..what are you watching fucker?

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      • WTF!

        Does that mean that after your girly little lunch you will be having regimented sex and then take a dump?

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      • TheV.King

        white rice? white rice is for 2 types of people…asians and prisoners …waste of calories

        and a half a can of tuna….what are you a 10lbs cat?

        eat at least 2 cans of tuna like a V.King
        lettuce is fine .. fine for rabbits…eat spinach
        now drop and give me 20

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    • drummerboy

      hey V,what is you insinuate-in. dude, your just too funny,glad i came home to take a shizer,and the dog to.

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      • Trading Nymph

        I agree, iceberg lettuce is a waste of space, spinach is a better play. For the tape, I am watching the price of copper, its at resistance/support at the 4.30 level, there is NO reason for it to hold that level, but I have to give it time to play with it’s support before it gives up.. I was expecting USD to catch some bids, last night after RBS it did, but Bullard had to hint at QE3 and we are dealing with eur/usd 1.3800 resistance now. So for the tape, I am sticking with yesterdays SMN, FXP, FAZ, VXX and even DRR…the longs are so heavy in Euro and Swissy that the USD should catch a bid soon…historical lows in USD vs Swissy can’t last that long…darn that Ben B and his QEing.

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        • Cascadian

          <>

          Ha! that’s gotta be wrong.

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        • TheV.King

          Wow you and Cain never stop amazing me….

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          • Trading Nymph

            You both are probably right, I am normally wrong. btw Chandler on CNBC just made the petrodollar arguement on swissy, that is the common belief, but still something should trigger a bid on USD soon…come on ACB jump in and buy it..

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  13. checklist

    I was just wondering… if we are about to enter a time when the PPT nails everything for a while. Dip, bounce, dip…

    i know the ppt has taken a time out after a gold medal summer, but it has done exceptionally well except in cases where the market trends up for an extensive period of time… it will shine again someday, and it would be extremely enjoyous to win some trades with it.

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  14. Caffeinated

    Since The Fly is traveling, and you all must be yearning for sage writings, I’ve gone to the archives to repost one of the best Fly tales ever published. Enjoy.

    http://flyonwallstreet.blogspot.com/2007/09/important-matter-jack-convict.html

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  15. Col. Muammar al-Gaddafi
    Col. Muammar al-Gaddafi

    Thanks for sending the plane Fly, he who is a great one. And it is nice that you will also be on the plane. My all female body guards are happy to be leaving with us. I can’t wait to start my new job with you. I will fetch your hot coffee at Dunkin’ Donuts. Do they serve hallucinogenic pills in their coffee? And I can’t wait to nosh on a real NY bagel, maybe with some lox. And I do wish to meet the famous naked cowboy in Times Square and of course go Mets and Yankees. Thanks again Fly, he who has sweet camel breath.

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  16. Radeeccles

    Test comment

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