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
23,470 Blog Posts

Enter the Vise

Shorts are getting obliterated. The indices are not telling the whole story, NFLX is. Heavily shorted names are being targeted by long only funds for the explicit purposes of exacting punishment. There is a lull in news flow and longs are pressing shorts into their vises, then squeezing them ever so slowly.

Several of my longs are catapulting diseased corpses into bear HQ’s, namely RBCN and DECK.

Other heavily shorted names running include: BONT, REE, OPEN, SFUN, HUSA, VVUS, OSG, ITMN, DNDN, HOV, NFLX and IOC.

Heavily shorted stocks with potential to begin squeezing higher, in my opinion, are: SKUL, FSLR, OCZ, CIEN, WNR, ACOM and SFLY–just to name a few.

Let me be the first to tell you: I am not particularly bullish here, as I believe we are overdue a pullback. However, there is price momentum and that can get irrational, especially in a market as rigged as this one. For now, my preferred course of action is to keep cash above 30%, have zero shorts aside from my program purchases of TZA, and stay long names that are heavily shorted.

I bought MTW today because the Stern Agee analyst covering it is on fire and says it’s worth $18.5. Plus, it fits into the whole “global reflation” trade, just in case economic nirvana returns to China–the land of the crane.

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34 comments

  1. 'merica

    Investing in Wisconsin, smart man.

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  2. drummerboy

    a shorted “craftsman” vise that wont let go.

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  3. drummerboy

    dmnd “nuts” are in the vise.lol pun intended

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  4. Mr. Partridge

    NFLX killing bears big time

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  5. TraderCaddy

    As has been duly noted earlier Tebow threw for 316 yards yesterday and his favorite “eye black” as a Gator was 3:16, but the ratings for the game came out and the peak was hit in the 4th quarter @ 31.6 households.
    Spooky.
    http://tvbythenumbers.zap2it.com/2012/01/09/tebow-time-steelers-broncos-gives-cbs-its-highest-rated-wild-card-game-in-24-years/115795/

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    • Yabollox

      Bet the Broncos to win the Super Bowl! 125:1 I think the final score will be 3-16.

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  6. ripper

    I like FFN here, nice base low risk and heavily shorted too

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  7. The OG

    NFLX going full retard.

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  8. Spooky

    Don’t know about the global reflation trade, but MTW is cheap!

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  9. Po Pimp

    Heavily shorted names are being targeted by long only funds for the explicit purposes of exacting punishment

    And then there’s ATPG. Fucking assholes.

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  10. xxxHuggieBearxxx
    xxxHuggieBearxxx

    as predicted

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  11. xxxHuggieBearxxx
    xxxHuggieBearxxx

    I am so sickeningly disgusted by this market. All that is now necessary is a gap up tomorrow for me to take a massive loss.

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    • drummerboy

      head fake tuesday, unless alcoa ruins the world,then your good to go……

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      • xxxHuggieBearxxx
        xxxHuggieBearxxx

        nobody gives a shit about alcoa they are expected to fail.

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        • drummerboy

          thats why i mentioned them. they will be shit,and the market will still see green tomorrow, there is still 8 minutes left till close

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  12. ripper

    GMCR pulling a NFLX soon

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  13. 4fl3x

    Thanks for RBCN Master Fly, I appreciate it.

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  14. Yury

    You all have 45 minutes left to exit longs. Otherwise, the next thing you might see in your life would be Fly’s “doctor” avatar while you would be screaming I WIN A LOT!!! I WIN A LOT!!!! LET ME GO!!!!
    This warning applies to Mr Fly as well.

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  15. Riser3000

    Lil gap fill n NFLX from Oct – and perrrrrfect timing for the dump of all dumps coming soon to a theatre newar you.

    AAPL at new highs too – perfect.

    Gamblers buying here are soon to be separated from their tiny piggy bank accounts.

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  16. ripper

    FUCK EINHORN SEE GMCR???? LONG SHITLOADS THIS HAS LEGS LIKE NFLX

    KEURIGS SOLD FANTASTICALLY DURING HOLIDAY SEASON

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  17. ripper

    sry for caps

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    • 'merica

      How do you not realize you were writing in caps? Or are you just too lazy to delete the first three words you typed and start over?

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      • ripper

        does not matter, GMCR LONG AND STRONG INTO THE CLOSE 27% of flaot is short(yes I know some of it will be einhorn and he probably is not going to cover, but a lot of stupid HFMs simply followed him and wont sweat it out)

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  18. Blind Read Ant

    $NFLX to $ 130’s three white soldiers style candle formation.

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  19. Rick

    If that is a vise then I have wooden balls. There are gaps being filled. Does Howdy
    Doody have wooden balls?

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  20. ripper

    thank me GMCR and put 2buck in your pocket

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  21. xxxHuggieBearxxx
    xxxHuggieBearxxx

    This is horseshit.

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  22. Arlie Sabal

    It is estimated that as many as 20 percent of patients develop chronic diarrhea after having their gallbladder removed

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