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
17,003 Blog Posts

2012: The Year of the Buyable Fade

Every fucking stock that has been declared dead in 2012 has resurrected itself, turned into a fucking zombie, and ate the brains of short sellers in the way. Think about the upside reversals in GMCR, DECK, FFIV, VHC, FOSL, WNR, VMW etc. The list goes on and on. I now find myself with two losers, SWHC and UA, both getting hit in the brains with sledgehammers, one for BETTER THAN EXPECTED earnings, the other for the superfluities of fickle investors. It makes no sense trying to analyze why a stock is down anymore, since it’s only a matter of time before it finds its way back up.

I mean really, do you think people from Texas and Virginia will stop collecting guns? After all, Obama and his gang of thugs are going to ban them in two years. Because of this fear, one that keeps many a redneck awake at night, while tossing and turning on their constitutionally designed bedsheets, gun sales will continue to spiral higher and I will be redeemed as a victor in exactly 3 months from now.

As for the overall market: I CANNOT FUCKING BELIEVE ANR IS DOING WHAT IT’S DOING. Coal was supposed to be dead. The EPA all but said “go away you dirty coal bastards.” And yet, here we are, ANR is near new recent highs, a stock that I was very bullish on until Obama was reelected, pretty much summarizing my year. I’ve had many great ideas, but only a handful of them actually made me money. Although I am up nearly 20% for the year, I feel like I’ve aged 50 years accomplishing it. If I only had the discipline to stick to the names that I knew would work, I could’ve been up more and lived a life of leisure, something that is innately my right.

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32 comments

  1. Cascadian

    We are gonna sell coal to China in exhcange for all that plastic shit in WalMart.

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  2. DanDynasty

    “Although I am up nearly 20% for the year, I feel like I’ve aged 50 years accomplishing it. If I only had the discipline to stick to the names that I knew would work, I could’ve been up more and lived a life of leisure, something that is innately my right.”

    Couldn’t have said this better myself Fly. This year was such a fuggin waste of my time and energy.

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  3. Freebie

    SWHC is up big this year, probably tax selling?

    Also – wont the gun names eventually get hammered if investors fear a ban on guns?

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    • The Eye-Talian Stallion
      The Eye-Talian Stallion

      When black rifles are banned they will double in value overnight, this includes factory inventory, at the dealers and in the safe at home.
      The same with pistols if they are banned, but this will be tricky even for 0.
      I’m betting on a Klinton type ban on high cap mags and black rifles.

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  4. juice

    coal is back sans romney

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  5. joe

    and yet, the bond market is screaming slowing growth and NO inflation

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  6. FryGuy

    HA! I was just thinking that looking for beaten down stocks that go up 100%+ in 2013. GRPN, ZNGA, DMND, REDF?

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    • The Fly

      You have to ex out accounting scams and stupid social media.

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      • FryGuy

        True but even the stupidest businesses can rebound. I personally think that GMCR is over-priced, shitty coffee. If I got one for a x-mas gift, I would sell it on ebay.

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  7. Tonka

    Add FSLR to that list. Up nearly 200% off the lows.

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  8. the man

    I liked the “innately my right” thing.

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  9. drbigboss

    ANR = -55% ytd

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    • Tonka

      I think the point is that an Obama re-election was suppose to mean a death spiral for coal, yet ANR is nearly flat since the election and up about 50% off it’s post election lows.

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  10. Bullish

    The eight years under Pres. Obama will be some of the best market returns in history.

    Does anyone recall back in March 2009 when Pres Obama said, “according to the Price to uh uh… Earnings? Ratio – you would think its a good time to buy.”

    I’m staying long stocks till he says the market is too expensive.

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  11. TheHarper

    Romney was never pro-coal, typical Republican propoganda bullshit.

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    • Dr Fly

      Well, we will never know, will we?

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      • buylo

        What’s there to know? He was full of shit from day 1! A severe Republican, indeud! Jesus! Romney, Perry, Santorum, Paul, etc. Where Oh where does the US find these guys? Is this really the best there is?

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    • The Eye-Talian Stallion
      The Eye-Talian Stallion

      The left is always agitated because they are never happy. Causal analysis suggests this stems from long seated issues from their childhood.

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      • Jakegint

        Monsieur —

        I just checked in on The Daily News to see what rapturous praise they had heaped on the Giants this week (since they won, otherwise it would be scornful opprobrium, the other idito faucet), and saw there was a “paid media link” below the article which led to “The Investing Channel” with an article on “Tim Tebow’s Girlfriend.”

        I was prepared to be filled with outrage on this upstart’s outright ripping off of a common Rajun Cajun Theme, when I realized (upon clicking through) that it linked to a bizarre, green lettered version of IBankCoin, and to Rajun’s original content!

        I surely hope you are both aware of this, and are getting handsomely remunerated for said piracy.

        ________

        _________

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  12. zzzdoc

    It is still too early to claim LONG LIVE COALl!
    Obama is the president and there is plenty of time for the EPA to destroy coal. I think coal will go down near lows: ANR ~ 6, BTU ~ 21. I think this is short squeeze to make short bastards not too greedy

    Just my take and I could be very wrong in the future!

    zzz

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  13. The_Real_Hmmm

    Don’t forget the global growth apoplexy and warm as black ivory coffee winter we’re having here to “propel met and thermal coal higher.” I’d rather cut Christmas tree butter cookies with my dick on the counter than trade those coal stocks.

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  14. RNB

    50 years of life for an extra 5% or so? Lotsa work for peanuts.

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  15. JV

    LOL > RNB

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  16. bobbin4apples

    the fly is really sanley kubrick.

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  17. bobbin4apples

    And eyes wide shut is a great look into a lot of things

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  18. TaoOfPatrick

    I sold My UA and Doubled my SWHC shares,So I only have one loser for the time being.For the Time Being!

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