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
23,433 Blog Posts

MONSTER WINNINGS!

Seeing titles like that, degenerate in nature and style, makes me laugh. But it’s 100% factual that I have indeud “gone monster” (NO METROSEXUAL) through buying MWW. It’s a cheap stock and—seemingly—everyone is going to make a hostile bid for them. It’s one of those names that gets lost in the deck, until it’s hitting 52 week highs and urinating on your face.

The earnings are due to come out on 1/26. I am not expecting great things. As a matter of fact, I think the company sucks balls. However, the stock price–historically–is tightly tethered to the US unemployment index. By hook or crook, I expect the US unemployment rate to downtick, which should offer tinder for MWW to fire higher. Priced under $10 per share, I feel my downside is extremely limited, while my upside is anywhere from $3 to $10 per share–based upon the laws of science and mathematics.

Moving on. I sold out of MTW to make room for MWW. I simply removed a T from the portfolio and added another W. Also, I wanted to keep my cash position pegged at about 35%, where it stands now following my earlier purchase of DMND.

It appears David Einhorn started a position in XRX and DELL, while covering shorts in FSLR and DMND. Incidentally, I am long both FSLR and DMND. I don’t quite get the XRX purchase. However, he seems to know his value plays and will be giving it a closer look.

If there is a God, the market will trade lower, in order to give me a chance to buy dips. Sadly, it appears God is as real as a healthy donut or gentleman McDonald’s aficionado.

Back to work.

[youtube:http://www.youtube.com/watch?v=74Jycofhny0 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter

40 comments

  1. Gambler

    TVIX time 1/4th in

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Jakegint

    That’s a very small tasty burger, Brad.

    _________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Rob T

      I can’t usually get ’em myself because my girlfriend’s a vegetarian which pretty much makes me a vegetarian. But I do love the taste of a good burger.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  3. TeahouseOnTheTracks

    Anyone here playing with Chinese Burrito KUTV?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • surplusdroids

      Almost bought it.
      But I swore off any and all china based burritos.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  4. Frog Playing a Colorful Accordion
    Frog Playing a Colorful Accordion

    Love your eclectic music tastes today, Fly. Thanks for this one here, and also for the wonderful Karl Jenkins birthday concert.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. Dr Funk

    When does the Baltic Dry Index become relevant ahoes. Under 1000? Under 900? 800?

    Now, of course it rises into the holiday, and drops out of the holiday. See where it goes from here

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. OG

    I should have added to FSLR too. I wish I was a time traveler.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Goldie

    Market don’t give a shit

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. Goldie

    At least technically XRX looks like a great buy here.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. The Fly

    Honey badger

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Caffeinated

      Undeniably The Fly has interplanetary and inter-dimensional vehicles, but I have access to the secret Oakbrook vaults hiding malevolent agents extracted from ancient MCD recipes. I will formalize the required baits that will…

      kill
      the
      Honey
      Badger.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • Goldie

      Honey Badger did not give a shit and blessed my AMZN calls 200%

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  10. Yabollox

    God created God, who created the Universe. He(she) gave us free will to screw things up.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. BustaCapGains

    I consult in the staffing industry and can tell you that very few companies I deal with (QCOM, MSFT, BRCM…) rely on Monster as their primary source for low hanging fruit. LinkedIn Recruiter is hands down the go to source these days. I am not saying they don’t pay for Monster licenses but they are paying for fewer of them and using them less than ever before.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. Carlo Zamboni

    Man created god. The govt creates the unemployment stats.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. ripper

    great call on FSLR

    what about TEA? dr fly

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. xxxHuggieBearxxx

    100% cash now….probably going to miss a 10%+ breakout….but i can’t help myself.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. dk

    look at COG and RL

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. dk

    and MCP for breakout

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. razorsedge

    4 min to happy hour! yea…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. Dr Funk

    MCZZZZZZZZZZZZZZZZZ

    For the win. Whoever posted that.
    .52 to .76 Ill take it

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. dortmunder

    honeybadger did not show up on his last outing and with his team sucked mightly

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. Sooth Sayer

    This is a fine example of what it’s like to live on an island country.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. JTU

    Raised a little more cash today.
    Current cash position is 24%.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. Woodshedder

    You can’t be the honey badger and be scared to eat a McDonald’s cheeseburger and fries.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • lol

      Dear Woodshedder,
      Stop trying to kill the Fly by making suggestions so dreadfully harmful to his health. We enjoy his bloggings very much, and being in this investment business is taxing enough as it is. The last thing we need is for him to ban himself from the computer until he finishes his Greece-sized grease burger with cheese and extra fat.

      Sincerely,
      lol

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  23. James

    Market is unstoppable. Just buy anything. This is too easy.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. James

    ^…just buy anything that is heavily shorted and wait for the squeeeeeeze.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. lol

    Buffett continues his publicity stunt and donates $45k matching a republican’s donation.

    Will he list this as a “charitable donation” on his tax statement effectively getting every penny back?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. dave

    Somebody please enlighten me. This situation with the Keystone pipeline seems like a bunch of political horseshit.

    From what I have read:

    Cons –
    Makes oil even more expensive?

    Jobs associated with construction only last two years

    Inhibits green jobs?

    Pros –

    Provides jobs for two years. Better than no jobs

    Supplies US refineries with a new source of oil

    I have also read the refined products go to China regardless of the fact that it goes to Western Canada or Gulf coast refineries.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. Eric

    Well if there is a God, then you are really pissed off at Him. I hope this is not all just a big misunderstanding.

    • 0
    • 0
    • 0 Deem this to be "Fake News"