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
23,468 Blog Posts

My Nuts Are on Fire

You relics have filthy minds. I was referring to my position in DMND.

Have a look.

There is no news, as far as I can see. However, the stock is absurdly cheap, regardless of whether the company runs a walnut mafia or not. With 50% of the shares sold short, DMND has room to run, in my opinion. As far as I know, there aren’t any pecan/cashew derivative spread trades gone awry.

In addition to DMND, two other of my positions popped off the lows today: FSLR and SFLY. If you take a look at the stocks I own, there is a common denominator. I am long stocks that are heavily shorted because we cannot stop going higher. The bears are on the ropes (see SHLD) and they do not want to get caught in a BVSN type of squeeze. As a bear, you need to limit your downside by covering into irrational rallies. If you try to fight the trend you will end up bankrupt before you can profit from a sell off. If I was short stocks here, thank heavens I am not, I would hedge those shorts with lots of directional long trades. There is nothing that is telling me to sell now, aside from the fact that we are overbought.

Theoretically, we should trade lower because of the overbought condition. However, we are beyond overheated, if I might say so. We are in full retard momentum mode, slicing off heads like apples, stuffing bears into meat grinders–like live chickens into Mcnugget machines.

I hereby offer you the ever ominous BLACK FLAG, sir.

[youtube:http://www.youtube.com/watch?v=TC6Xcaetnko&list=FLEIciWvVLqrS9jdkxpjKL9A&index=1&feature=plpp_video 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter

21 comments

  1. The Fly

    ONLY THE BLACK FLAG CAN EXPEDITE THE DEATH OF THE BEARS. I DO APPRECIATE THEIR ZEAL.

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  2. Jakegint

    Ah, but what about your WNR?

    _______

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  3. Jakegint

    Perhaps DMND has found the walnut’s secretive udders?

    _____

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  4. dk

    GMCR same scenario

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  5. clegger_2000

    For a black flag should we not play some “Black Flag” w/ Henry Rollins? “TV Party” or equivalent.

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  6. RippinTits

    Mr.Fly,

    How long do you think we will have to hold on to GSVC before we see a move?

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  7. drummerboy

    i like mine smoked,………w/hickory

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  8. jimmy_two_times

    FLY, would you add to long here or wait for OS?

    NIA pumping BVSN again! LOL

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  9. jimmy_two_times

    BVSN traded unbelievable volume today of 1,275,082, its highest volume in many years and approximately 1/2 of BVSN’s public float. With this type of volume changing hands it shows that weak hands have had plenty of opportunity to take profits. NIA believes that investors accumulating now for the first time are strong hands who are accumulating in anticipation of the huge social networking boom coming this May with the Facebook IPO. By BVSN making it to the top of the percentage gainers list, countless new investors are beginning to research BVSN for the first time and learning about Clearvale. By the time Facebook has its IPO in May, BVSN will have an enormous following of investors who understand that BVSN could benefit more from the Facebook IPO than any other company besides Facebook itself.

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  10. Jakegint

    Fly… I found a better link for that diet my Dad’s doctor called The Pugliese Diet…

    Apparently at the Mayo Clinic, they call it The Mediterranean Diet.

    I guess they don’t want to offend the Greeks and Cypriots?

    _______

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  11. Trading_Nymph

    Good call Drummer

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  12. Craftsman

    Probably add COCO to the list of potential nut vises.

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  13. Sooz

    Pain before Pleasure..
    Fire and Desire..

    :))

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