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
23,475 Blog Posts

Snap Back

So I find out late in the session that “The Devil” is buying VHC, suggesting it’s going to $80. At the time, the stock was up just $1. It should be of little surprise to you to see it up more than 12% today.

Also, shall we discuss FSLR? What the fuck is going on there? This is one of those moments that defines buying opportunity or precedes a full fledged implosion of a company. Although my gut is telling me to stay away, the stock is very compelling at these levels.

I managed to lose 0.1% today, thanks to a late day implosion in VXX. My number one play is TIF, going into earnings on 3/20. If Sterne Agree is correct in saying there is a 0.92 linear correlation between TIF and equity prices, TIF is poised to beat earnings, handedly.

Tomorrow is D-day for Greece, with regards to debt restructuring. Again, I’m not interested in that news story; but instead, I am fixed on Chinese related stocks–commodities and industrials alike. Should money continue to flow out of these stocks, I will redouble my VXX efforts.

My buy list includes: MTW, CREE, TDC, ROSE, EXK, BID, TRIP and YELP

http://www.youtube.com/watch?v=ZP4kioRtqLE

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20 comments

  1. The Zombie

    The Fly is God.

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    • Bond Troll

      Glad to see you’re on your post.

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      • The Zombie

        Thanks, BT. It hasn’t been easy. Recently, I’ve been getting good competition from Marc.

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  2. Cascadian

    First solar is said to be the second coming of Solendra. Gov’t support for Solar Energy will probably be reduced, no matter who wins in November. And, China trying to take over that shit.

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  3. Hawaiifive0

    Yes,

    It’s hard for me to get the direction right here. I cut my VXX this morning for a nice profit, then bought it back and cut it at the end of he day for a small loss. Still ahead on VXX, but now I’m back to the tall grass and waiting.

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  4. TypeBTrading

    Seems to me that MTW is on par with FCX in terms of a market direction indicator.

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  5. Whaler31

    Expedia EXPE has been in a very consitent downtrend in the last week.

    I see it in the 20’s with the PCLN monster eating up that market share.

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  6. rx435

    who is the devil

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  7. 4fl3x

    Nice list, thanks.

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  8. Frog

    Re: FSLR
    Wish there was a way to tell the difference in the charts, between a shakeout before a skyrocket vs. a company that actually is declaring bankruptcy soon. I guess if there was, we would all be zillionaires.

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    • DMG

      No, you’d still be a poor, stupid motherfugger.

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      • Frog

        Thanks. It’s always great to hear from one of the trolls on the board– someone who thinks he’s making some kind of contribution by posting an insult of the last person who posted. Get a life.

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        • DMG

          No dickface (dpeezy),it was directed at you. Nothing to do with last poster, etc. Carry on.

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  9. NC DJ

    RBCN will do better than CREE

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  10. Green Machine

    I’m just throwing this out there – perhaps I am being obtuse and it’s already baked in – but sector correlation tells me CSIQ chomped / [Fr:SHOMPED [sic]] animelles today therefore FSLR will likewise have to endure the same gourmet diet. Though I am willing to be educated, and corrected.

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