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
23,446 Blog Posts

The Game Plan is To Win, Gentlemen

There is a serious lack of momentum in almost every sector. With exception to airlines, what exactly has been working? Hospital stocks? The market is up today, but breadth is barley above 50%. I don’t mean to rain on your parade. I intend to lash you with lightening bolts and scare you with thunder instead.

I added to both EXK and SWHC because it’s the only place I feel comfortable investing money.

I spent the morning perusing some of the top holdings of our genius hedge fund managers. Coatue and JAT steal the show for dumbest positions ever, saddled up heavy in names like PANL, CIEN, FSLR, CMG, NFLX, NTRI, MCP, SINA, SODA and GMCR.

Tiger Global is up more than 22% this year and they are gambling, long names like PCLN, LNKD, TDG, YNDX, QIHU, MELI, ARCO and DECK.

You’d be surprised how exposed most hedge funds are to beta. If we continue to soften, these glorified gamblers will need to liquidate. When they liquidate, it causes a rippled effect and stocks cascade lower. My theory is the government is dysfunctional and cannot agree on a “Fiscal Cliff” solution. This will erode investor confidence and precipitate a sharp sell off, from already low levels. Once we flush out, the aforementioned hedge fund managers, as well as many others, will be forced to liquidate, else cede their gains and live out the rest of their lives like vagabonds.

As for me, I only desire to buy margin liquidations. I am a man of modest wants and needs, sashaying (no homo) throughout time in a plutonium powered time machine–making investment on behalf of others so that I can afford hand-knotted rugs for Mrs. Fly.

http://www.youtube.com/watch?v=DjRky-ACSJg&feature=related

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25 comments

  1. BRAVEFLAPS

    How do you sashay (no homo)?

    Is that even possible???

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    • TraderCaddy

      Like in a homosexual opera (2x no homo).
      BTW- The voters voted for a Greek style Euro government.
      Off the cliff we go.

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  2. tm

    I like your thesis, but what makes now different? We went through fiscal BS in Aug 2011, and some men got their tits vixed. But ultimately we just went higher. And hedged funds have been chasing forever, according to headlines.

    I think this is just a knee-jerk reaction to four more years of Obama-rama. While the southern states can’t believe a black president is in place, again, they make plans to succeed and ideally go back to owning other humans. Perhaps then we may see a teeny S&P swoon as the greatest diabetusss-suffering citizens of Mississippi liquidate their Etrade accounts to diversify into people (literally).

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  3. Dan Dangerdance

    “sashaying (no homo)”

    no homo I’m sure- still, a man looks funny sashaying with a lit cigar clenched in his teeth, and wearing a Japanese Kimono.

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  4. madrid

    Coatue is up more than 15% YTD.

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  5. _srd4_

    $DMND to release statements tomorrow after close – up $10 or down $10 – who knows – lol

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  6. Trading_Nymph

    Spainish Bail Out Request Rumors and German Paper Gossip about Greece…Bulls is that all you have?

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  7. francesco

    the fed machinarium will not leave this market deflate down ( and eventually ripple down like a niagara falls )

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  8. The Plumber's Crack
    The Plumber's Crack

    Just in from my favorite urinal piss mint, ” I see the future and it has lower stock prices in it.”

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    • francesco

      we will have some panic ( eventually .. if fed allows it .. ) then money will slap the face of the market up again , money need to be sure there is reasons to top the last top of the indexes…

      when the alignment is reached the market will revert to the trend to make new highs ..

      in the meantime do not expect the fed to remaing watching a ripple effect without pushing the botton .

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    • riggedgame

      How do those blue-green Piss Mints from the urinal taste?

      PS: You have bad breadth.

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  9. prospectus

    Le Fly, where do you look to add to $VHC? Around 32 to 30 looks good to my deviant plebeian eye.

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  10. joe

    we could crash any moment

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  11. 4fl3x

    Does Z qualify? Been wanting to get into that one for a while.

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