I just sold out of JKS for a one day 10% profit. Then I started looking through my matrix and it dawned on me: The Chinese Lotto Guys are back. Clandestinely, these fuckers started bidding up Chinese stocks this morning as if this was 2007 again. So, instead of hating on them, I joined them. With my JKS proceeds, I bought RENN.
On paper, RENN is a ridiculous value, with over $3 in net cash. However, who really knows what takes place in China? For all I know, RENN is the name of someone’s dog and the companies only specialty is accounting fraud. For the Chinese, accounting fraud is a new form of warfare, think Sun Tzu only gayer.
This morning I sold out of a fairly large position, TCK. I still hold large amounts of WNR, GSVC and CVI to offset the fuckers in VXX. At the moment, with over 50% in cash, I do not have my balls on the line. But that will change, eventually, when my market presents itself.
I must admit, these Chinese burritos are up my alley. Right now there are BIG gains to be be found in WH, CNTF, BSPM, JRJC, DANG, CEA etc. Truly the lowest of the low are running today, always a sign of pending catastrophe, so be careful.
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V. King is coming
“Coming?” I heard he’s not even breathing hard.
Trader Monthly — remember that?
http://finance.yahoo.com/blogs/daily-ticker/life-party-trader-monthly-editor-recounts-wall-street-124757661.html?sec=topStories&pos=9&asset=&ccode=
Rich Blake was a former editor and good friend of mine at one time. Ridiculous bastard he was…
Awesome post, good for a laugh when I’m getting billy clubbed this morning.
Winship today on my DAY shares! Sold out and holding cash. Learned my lesson(s) over the past month to keep my cash reserves healthy in order to buy the blood.
China buying up Canadian energy companies will be a game changer once the Kitimat LNG terminal is completed in 2015. In the meantime there will be many opportunities.
Oh yeah, I love how the Europe crisis has completely smoke and mirrored the market into forgetting about the domestic U.S. problem.
AA is gonna shit the bed on earnings. Be very careful here.
There is actually a china smallcap etf now. It is symbol HAO .
On a ratio chart relative to FXI large caps, it does look like small caps have some room to run
http://tiny.cc/q06m4
HAO = Only 21K shares traded? Yikes
I’ve learned some expensive lessons on playing with thin issues
XUE anotehr chineese burrito waiting to breakout..ove that 3 mark!!..just reaffirmed guidence 2 weeks ago..and down 70% over past coupel months
I bought some $STIMPY to compliment your illustrious purchase.
I was wondering who was gonna make that connection… especially when he mentioned Renn being a “dog.”
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CNBC showing the “Grounds” at UVA.
I left a bunch of tuition $$ at that place for my daughter.
A bargain at twice the price…
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I have GURE for my Chinese burrito play. Kinda like lotto. Looking good on paper.
“For all I know, RENN is the name of someone’s dog and the companies only specialty is accounting fraud.”
Heh, heh.
Corporate Yankees could learn a few things from China, like self-respect and honor.
ROFL. You are an ignoramus. The culture you are referring to is Japan or Korea. The Chinese eat fetus soup.
Fetus Soup as a classic, but Fetus Tacos are all the rage in some parts of the country.
crap, you mean when I’m asking for a fajitus burrito at el burruito loco, I’m the secret sauce is human blood?
Yea, but then they’re hungry again in two hours
You mean like Tiananmen Square? Asshole.
Holy shit.. do none of you realize this guy is joking?
For goodness sakes, its probably TC!
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CIS another burrito. Actually a real company (har har har) and decent chart. Bought some so I can be cool.
I had to redo my comment because it is awaiting moderation.
I believe it is because I used a 3 letter word starting with “s” and ending in “x”.
Fly- You really need to take a limo ride out to Zucotti (notice how it rhymes with Ducati)Square and throw hot slices of pizza at the crowd.
But, don’t bring your pet because they are chanting about having s__ with animals and if you get out of the limo don’t forget to do the hokey poky Jim Jones thing with your hands.
http://youtu.be/My_cNzQGS8E
You tell me not to swing for the fences, and then you give me all these ideas… so cruel, it’s like watching a supermodel strip in your bedroom but her telling you not to touch! ARGH!
Are u at this conference? Would love to pick ur superhuman fly brain/meet u quickly. If not, thx for sharing ur thoughts and hilarity!