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
23,432 Blog Posts

Tech is Revving Up

I am witnessing a lot of bottoming action in tech names, mainly because sentiment is so poor. Unlike the recent drop in commodity shares, many tech names have been depressed for 3-4 months now. They are, without a doubt, pricing in calamity. It my estimation, much of the panic is entirely unwarranted.

Let’s presume number needs to come down a bit. That’s doesn’t mean share prices are set to cascade, fuckface. Take a name like CREE or BRCM. Both of those stocks have priced in China declaring war on France, enslaving the cheese class to a life inside insidious iPAD factories, managed by the brown shirts at FOXCONN. I am real close to buying a basket of tech stocks, focusing on the semis. Additionally, I like the banks here. Call me a gorilla with a long cock, but I think the regionals deserve some investment dollars, particularly in the Southwest region of the U.S.

The Greeks will kick the proverbial can down the road so that their fucking grandkids can foot the bill. That’s what we fucking do here, son. Do not player hate on the can kick, for we have been kicking our own cans, as well as elderly balls, for quite some time now. I have no problem with status quo. In fact, I pray to magical creators in the sky to anoint Mitt Romney our new oligarch leader, so that he could reinstate all sorts of reckless spending habits, buoying the market to 20,000.

If you are looking for a fucking crusader, hellbent on tossing “bad bankers” in buttfuck prison, you’re barking up the wrong tree. Go Disney your childish asses over to DENNINGER or “Zeroledge”, so that you can skydive above live howitzer cannons. I am only interested in banking coin and doing so with extreme prejudice.

For the year, I am up 2.5%. It is not a good number, but much better than the -8% I was donning two weeks ago.

“The Fly” is very much interested in winning, but more so in seeing you lose. The transfer of coin, from you to me, is transpiring as we speak. My mojo is back and I feel a certain sense of victory awaits in the balance. I’ve been doing this long enough to know when to push my bets and when to accept losses.

Fucktards from the interwebs, strange human beings from around the world: you are about to witness a great spectacle, live, as Senor Tropicana takes his lowly single digit gains to double digits– as if he was pulling tomorrow’s newspaper out of his top hat today–in no time at all.

[youtube:http://www.youtube.com/watch?v=j4TrZY4VDP0 616 500] [youtube:http://www.youtube.com/watch?v=_ouXLTjjGto 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

42 comments

  1. HalfBloodPope

    First and tharefore tonight we will be starting with a appetizer of Guns N’ Roses complimented with some Budweiser out of the can. For the main course a little Dazed and Confused if we make it that far.

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  2. HalfBloodPope

    How do you like gluu?

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  3. moose128

    FLY PLEASE put EZCH in your basket of tech !! I have been begging for you to look 2 times this is the 3rd and final time from me. See you much higher from here

    MOOSE

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  4. One Upper

    http://www.youtube.com/watch?v=PpOmTDON-e4

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  5. xxxHuggieBearxxx
    xxxHuggieBearxxx

    High quality post…particularly insightful finding the correlation between the thinking of long-cocked gorillas and the having of a pro-regional financials investment thesis. I believe the Bernanke is famous for having done his doctoral thesis on the topic.

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  6. go2mars

    Do you really think it can be kicked all the way down to grandkids? I imagine that hung silverbacks can kick cans pretty hard, but can Dionysis really keep up the party, blissfully banging Aphrodite for another generation or two before Hasphaestus’s molatov hammer gets too hot?

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  7. mrkcbill

    GREAT post-Le Fly..Senor Tropicana…Dr. Fly Broker A material!!!

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  8. jimmy_two_times
    jimmy_two_times

    it is written and so it shall be.

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  9. thewife

    Fantastic!

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  10. dimes daddy

    Lots of convincing volume behind today’s rally.

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  11. deehydration

    The next rally will be incomplete without the finnies.

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  12. flyaway18

    I’ll ask what everyone is surely wondering, what is the picture on this blog?

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  13. theedge111

    The markets off 600 points from the highs and stocks are priced for a “calamaity”. LOL

    The 10 year bond is whats pricing in a calamity as it sits under 3%.

    You pumpers are legendary. Wall St is about to give you longs another fisting as they hit the sell button.

    Enjoy!

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  14. Wilco

    Come on man, I was going to flip that 1 BR condo overlooking a steel mill for big bucks before the bankers crashed the market….And where’s my loan modification program!

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    • yabollox

      Just stop making payments. You can probably live there 2-3 years before they get you out.

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  15. cashew

    bad karma

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  16. TCE X1

    Drake: Marvin’s Room

    Drake: Trust Issues

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  17. bravo

    ROFLMAO……

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  18. drummerboy

    hey,why do you keep mentioning zero hedge lately ?

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  19. JakeGint

    Perry very well might be the guy.

    Mittster hasn’t a chance with the Romneycare millstone hanging around his neck in 12 feet of water.

    ____________

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    • yabollox

      Another Texas Guv? Michelle Bachman perhaps.

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      • JakeGint

        She’s cute, and more savvy on her feet than the Dog Sledder. Of course, that means nothing to the misogynistic press. Those beta males hate strong woman so much they even threw Hillary under the bus for an untested hard left rookie.

        ___________

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    • Po Pimp

      Pay-per-view executions live from Terre Haute.

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      • JakeGint

        Terre Haute is in Indiana.

        Maybe if Mitch Daniels gets back in the race?

        _______

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        • Po Pimp

          Federal pen, my man. Remember when McVeigh got the “Big Drip”? That’s where it took place. If Perry is Pres, then this is where the death machine will rev up.

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    • Yogi & Boo Boo

      @Jake – Romney is still polling well. If he can make it through the primaries, I think he would have the best chance among the Republicans to have a close race with the President. Yes, even with the RomneyCare (TM) baggage. I thought Bachman was doing well since she brought Ed Rollins on board, but yesterday’s John Wayne “gaffe” still shows she will be under the “Michelle Misspoke Microscope”, probably until the field narrows after New Hampshire. Not sure what Perry’s entry would do to either Mitt’s or Michelle’s chances.

      It certainly will be an interesting primary season.

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      • JakeGint

        Newsflash: The John Wayne “Gaffe” was made up by the press.

        John Wayne was indeed born in Iowa, and yes, not in the same town as Bachman, but 130 miles away. That much was “incorrect.”

        However, the whole bullshit about her mixing Wayne’s birthplace up with that of John Wayne Gacy’s was complete horsecrap. John Wayne Gacy KILLED someone in her home town, but he was BORN in Chicago.

        Now you know the meaning of “A lie gets half way around the world before the truth can get its boots on.”

        This is the kind of easily swilled propaganda any GOP candidate — especially conservative — is going to have to fight every step of the way.

        _______________

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        • JakeGint

          The above comment is “under moderation,” but should not be. Please “de-moderate.”

          __________

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    • weirdo jay

      Politics is the act of voting for the “other guy” over and over again so that policy changes back and forth, meanwhile fucking any business over that tries to create a job as they cannot plan a business under the assumption that there is a set tax rate or set government funding, or money constantly flowing to one particular type of consumer…. because for all they know the government will change their mind every 4 years. Starting a business here has been like signing an adjustable rate mortgage where the interest rate is set higher whenever the bank “feels like it”. It’s not that taxes are as evil as we think, as long as there is a set amount of taxes some businesses can build a plan around it, but when the plan on 30% and all of a sudden it’s 40% they aren’t prepared for not only their payments, but how consumer taxes and the corresponding government spending and inflation effects the consumer and the prices of goods.

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      • JakeGint

        Eggsactly right. The inability to plan due to capricious authoritarian gov’t is poison to an economy.

        ________

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  20. SUBCOMANDANTE CHINCHILLLLA!!!!
    SUBCOMANDANTE CHINCHILLLLA!!!!

    A chinchilla will bind them.

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  21. Kenny F. Powers
    Kenny F. Powers

    Higher oil, Europe is burning, stocks go higher. That makes sense. I am getting my short on today. Earnings may save us for a few weeks, but we are going lower by fall.

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  22. Wilco

    Home Price Index has first increase in 8 months…Guess that means home builders go up big time today.

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