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
23,428 Blog Posts

Be Very, Very Careful

Enjoy the respite, small bitches from the internets, for the Fiscal Cliff looms and the government is going to take all of your money.

Generally speaking, I go out of my way to avoid answering questions of any kind. To me, questions are nothing less than obvious traps to be used against you in future arguments. Those of you who are married are well accustomed to the innocent questions a wife might ask, followed up by an inquiry of conquistador proportions. Never answer questions and try to avoid saying “thank you” to people who do not deserve it.

An independent analyst issued a terrific report on VHC today. I find it humorous how the private, self-directed, analyst is often better than the well resourced analyst at the white shoe firms. Think of all the short reports that were correct, making hedge funds small fortunes in the process. Where were the fucking analysts at the white shoe firms when all of this corruption and fraud took place?

SWHC is getting hit again, as is customary following an earnings day drubbing. I expect the stock to be under pressure for another day or two before rebounding. Due to a misdirected analyst note, SWHC and RGR are now “show me” stocks, somehow forced to prove that demand is sustainable through next quarter’s earnings reports. Or, perhaps if any of the two would be so kind as to offer a mid-quarter update, I imagine the analyst from Wedbush will be forced to suck a bag of goat dicks.

Silver and gold look great and I’ve managed to recover some of Friday’s 2% drubbing. But the day is young and the cliff is high. Nevertheless, I will be putting some money to work today.

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5 comments

  1. TraderCaddy

    “Be Very, Very Careful”

    Or as Sergeant Phil Esterhaus said on Hill Street Blues: “Hey, let’s be careful out there.”
    And as Sergeant Stan Jablonski replied on same: ” Let’s do it to them before they do it to us.”

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  2. The Eye-Talian Stallion
    The Eye-Talian Stallion

    My “Old Man Advisor” told me to sell Grandma’s stocks this afternoon and add to her bond positions. He said something about the market being overbought. The “Old Man” only gives a signal once or twice a year so he’s not one to engage in idle chit-chat or boring chart talk.

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    • The Real Muppet

      I bought a pig this weekend, brought it home, and secured it, stomach up, to the the island in my kitchen by lashing down its hooves to the various corners of the island. I then sliced open its stomach and inspected its living entrails to divine market direction. Needless to say, the pig guts read very positive, the market is going higher. When you have conflicting idicators “old man” versus pig, what do you do? I don’t know.

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  3. Santellisux

    RE: Smith Wesson. Haven’t you heard? The fever has broken. Teabaggers and survivalist nuts no longer feel the need to stock up on guns and ammo.

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  4. Freebie

    The vase thing was a prank…

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