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
23,441 Blog Posts

IN FOR THE KILL (IFTK)

I reduced my cash position to just 5% this morning, something I rarely do. Why?

I am interested in the prospects of GMCR, based on the SBUX K-Cup sales reported last night. Basically, business is booming and GMCR is heavily shorted. I was long this name back in the old days, before it got popular. I was drinking K-Cups when you were mixing sandy Sanka into your disheveled coffee mugs. If you haven’t figured it out by now, “The Fly” aka Plutonium Petey is a bear-killer. I hunt them and cut their heads off, light their bodies on fire, use the flames to spark my cuban cigars (I smuggled 10 boxes in from Turks and Caicos last summer).

Despite the softness of the market, I am rippppping higher, led by FSLR.

I sold out of my MWW because the CEO is an imbecile and doesn’t know how to annunciate words of the English language. I warned you 2012 was going to be the year of “The Fly”; and here I am, up 10% for the year, bowling on my enemies because I like knocking down pins.

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45 comments

  1. Devil Dog

    Not concerned with Wal Mart getting in on the action?

    http://blogs.wsj.com/marketbeat/2012/01/26/more-competition-brewing-for-green-mountain-coffee/

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  2. Bobby Boucher

    Market is not down today because, though the Q4 GDP # was lower than expected, the economy is reaccelerating.

    GDP q/q growth hit a post-recession high of 3.9% in Q1 2010 and from there slowed to 0.4% in Q1 2011. Since then the q/q changes have been;

    Q2 2011 1.3%
    Q3 2011 1.8%
    Q4 2011 2.8%

    Are you seeing the pattern here? The equity indexes may pullback (worst case) or go sideways for a bit (most likely imho). After some consolidation we go higher again. The tell is the lack of trap-door action in stocks after a worse than expected GDP print.

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  3. Mike

    Cracks up 7.6%..time to buy WNR??

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  4. Yabollox

    GMCR is fun. I’m a little late to the party, but it’s still rolling along.

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  5. drummerboy

    so fly is a smuggler of cubans.thats a story i want to read

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  6. Gonzales

    Market is down in US, as risk is on in EU stocks — EURO up.

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  7. EvanBFI

    Speaking of the English language, I think you meant “enunciate”.

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  8. Gonzales

    Fly, what’s your take on Canadian Solar?

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  9. stockthrust

    mww not a good long anyway. going under 5 by end of march i figure

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  10. jg

    e·nun·ci·ate

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  11. William The Conqueror
    William The Conqueror

    GSVC getting some love.

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  12. JTU

    GSVC to th moon!!!!!http://www.streetinsider.com/Trader+Talk/GSV+Capital+(GSVC)+

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  13. Michael (Hulk)

    You’re the “SIICK ‘UUUNNNT'”, as the fine gentlemen in the UK say, with your FTK and now GSVC.

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  14. Joe

    Iftk via gsvc great call whenever u posted a week ago about the fb ipo

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  15. Quint

    Lookout Facebook, angry people in Newark are starting to sue…everyone didn’t get their piece of the pie.

    http://www.nj.com/news/index.ssf/2012/01/newark_must_turn_over_e-mails.html

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  16. Yabollox

    Sell it now. GSVC doesn’t have all that many shares of FB. It only adds a few $mil to them at best.

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  17. MetalLeg

    Here’s a story about Chicken McNuggets. I’m sending this to my kids too so they can understand what they are putting into their bodies when they eat this crap.

    http://health.yahoo.net/experts/dayinhealth/chicken-nuggets-how-bad-are-they

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  18. dk

    The Cuban government gives cigar rollers an extra box or so as a bonus knowing they will sell them to tourists. Amazing to smoke a cigar in a bar in Old Havana. Check it out.

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  19. Yippity Yap

    God could ‘ave been somebody
    He could ‘ave been The Fly
    But now he’s nobody
    Just a bum taking dives…

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  20. Susie Q

    Psssst… Monsieur Fly, spell check this one. 😉

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  21. Drock

    I agree on gmcr, any option plays out there or is the iv too high already?

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