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
23,439 Blog Posts

SQUEEZE THEM!

Now this is a rally. This rally is 100% sponsored by gorillas chewing on cocaine leaves, running around in the jungle with cock in hand.

You cannot be serious about money if you are selling short here. I mean, come on already with the fucking news releases. You’re never, ever going to bank coin if all you do is obsess over worst case scenarios. You are pitting yourself against the elite ruling class, who are happy and content with the status quo. You Sir are a fucking idiot for thinking “black swan” events are predictable and happen with great regularity.

I’m liking silver today, since its been lagging the market. And, as always, I like to take a barbell approach to buying stocks that are heavily shorted. For example: I want to be long stocks that have more than 15% of their float sold short and have strong technicals. On the other hand, I want to own heavily shorted stocks that haven’t moved yet and have weak technicals.

Based off a recent screen I made in The PPT, here are some ideas:

Strong Technicals
PRKR
CVI
AF
AN
ATHN
EXPE

Weak Technicals
CJES
DDD
USG
YELP
FRAN

Those are just some random ideas. Normally I vet out my ideas by checking the fundies, listening to conference calls, reading 2 years worth of news archives etc. But you get my drift.

At the moment, I am fully invested; therefore, I do not have cash available for investment. However, if I find something I really like, I might dip into my 20% cash reserves and/or swap one stock for another.

Bottom line: this is a strong tape and there is plenty of upside momentum. Don’t get sucked into the vortex of negativity without a real catalyst in the short term.

http://www.youtube.com/watch?v=swYVJOkJEr4

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27 comments

  1. WTF?!

    First at last, first at last. Thank you God Almighty I am first at last.

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  2. Toronto Trader

    I’m in TZOO for a small trade… interested to see if it can move.

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  3. acehood

    Life is Good!

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  4. oolong

    thinking about taking some TEA here

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  5. Moolahheaven

    ‘People’s Tribune Moolahheaven’ stands with you sir, and thanks you for your hand outs to the Plebs…

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  6. Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.
    Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.

    BBQ time!

    Rib-Eye!

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  7. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Would like to see some more strength in EXK….wish that fucker would run bananas.

    FCX doing ok in spite of what looked like a weak ER.

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  8. Cascadian

    negativity is an illusion created by the limited mind to protect and defend itself.

    Ambika Wauters

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  9. vking

    My triple d top hat indicator is telling me that this market is turning lower…

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    • vking

      Told ya…DJI will be down 34 pts in about a half an hour…

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      • Dick A.

        Seems like nothing ever changes. Lose, win, lose, win, lose, Win, lose, win, but the game is in the stagnant, never changing, calcified past. Reminds me of one of those broken record nightmares you can’t wake up from, frankly.

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  10. Dick Pepperfield

    That fucking nas song is hot. Except for the slut and that hook. Definitely will have edit that out and throw it on the ol trollin playlist.

    Market is a duke-faced McGuilicutty. Hold $RGLD, $EXK, & BUY $IRWD Jan/Feb ’13 calls or go long ASAP. Something very big will happen by Sept. this is not in the news. Their, I’ve tries my best to contribute to the forum. Now off to enjoy my morning mate $tea and some ravel.

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  11. Patrick

    Set the devil’s metal free from oppression!

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  12. Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.
    Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.

    Pickup some $WYNN thru next week.

    I don’t need any thanks.

    Being money, being ca$,h is real sangre.

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  13. flyaway18

    wowza, nice reversal in FFIV, being a former journalist, I cannot tell you how those after hours headlines re: F5 results shook out the weak hands this morning. FOSL looking good here too.

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  14. Carl Lucas

    FLY’S DMND pick getting crushed like a rotten walnut in the face of huge rally. Can’t win em all, Fly!! LOL

    Disclosure:
    Long a shitload of EBAY calls and remain VERY short DMND from $24.75. Cha-chiiiiing. DMND is a financial mess and nobody in their right mind would touch it.

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    • Sean McClure

      I am short DMND too on advice of my broker since the mid $28’s. He says not to cover…more bad news on horizon re: financials. We’ll see.

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    • Watchasayinitfo

      Who gives a shit about DMND? It’s not on Flys buy list retard!

      Holding RBCN EXK WFR YELP

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  15. pitbull

    squeeze … Not a chance Buddy !
    Just starting to build my short position !
    The trick companies use is to lower the earnings bar ahead of time to where the bar is on the floor and even Grandma Nellie easily steps over, orthopedic shoes , Sir..good day !

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  16. Jason

    Fly- You are lucky and your success is only due to others. 0bama said so.

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  17. Gotham

    If this has been brought up previously, shoot me now. For possible ‘Milk The Farmer’ opportunites, shorting crop insurers may lead to banking coin. ACE, AFG, ENH, RLI, PRE, ALTE – each has exposure to higher loss scenarios

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