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
23,431 Blog Posts

Willing to Give Insanity a Second Look

Even though the market is running red hot, I am willing to consider the fact that we’re going higher. I know it sounds crazy; but crazier things have been done here, such as buying VHC like a fucking robot over the past 6 months.

One of the lynchpins to market sentiment is AAPL. That stock needs to stop getting flogged. It’s entirely possible, by the way, that Judge Leonard Davis is about to slap injunctions on all AAPL products that include Facetime by late January, in reference to the lawsuit filed and won by VHC. I hope you understand the significance of this potential news event. Should this occur, every news agency in the world will cover it, similar to the RIMM-NTP suit of 2006, when RIMM settled for over $600 million.

It’s coming and when it does, ALL SHORT SELLERS LIVING NORTH OF ELEPHANT ISLANDS WILL BE DESTROYED AND IN RUINS. Pardon my hyperbole.

Aside from VHC, I am counting on JRCC, EXK and HMC to make me some money. Other non-core names like NAV, AAPL, FB and SNE are also important, but not big enough to affect my fate.

Bottom line: should the market rally next week, I am sold that we’re going to new highs. Naturally, I would never let my opinions get in the way of being prudent, considering my let downs of 2011 and 2012. But some of you are stuck in FAZmobiles and 100% cash, like impotent gigolos, utterly useless and of course vagrant.

 

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26 comments

  1. Patrick

    I gave up shorting months ago. Maybe the market can correct every now and then but nothing more.

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  2. xxxHuggieBearxxx
    xxxHuggieBearxxx

    The market will eventually, one day, go down again. It will be caused either by a debt crisis or by significant government spend reductions.

    I don’t expect the latter before the former, so we must wait until the US fiscal situation elicits a market response. Could be years, Who knows.

    Politicians will not precipitate it, but will only react to it.

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  3. TraderCaddy

    I could see a DJIA around 18,000 or so and NASDAQ get to it’s 2000 high.
    I compare this to ’86-87. Yields started rising but that doesn’t mean stocks go down.
    In fact, on a relative basis the bonds $$ will go into stocks until the yields make equities less attractive.
    Throw this in the opinion dumpster for what it’s worth.

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    • Jenkins

      Pretty sure this is how everyone feels right before the rug gets pulled, right? When it seems impossible that the market could ever go down for an extended period?

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  4. JTU

    That’s not very nice!

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  5. JTU

    The S&P/ASX 200 opened the day like an erection on Cialis but is now limping along like a dysfunctional vagrant!

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  6. The Eye-Talian Stallion
    The Eye-Talian Stallion

    GOOG phones 54% market share vs. 35% AAPL.
    Samsung 27% vs AAPL 18.5%.

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  7. Belly of the Beast
    Belly of the Beast

    dell, of course, has a bigger share of desktops too, right ?

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  8. Rollo Tomassi

    The Fazmobile has a hybrid for 2013…
    http://www.youtube.com/watch?v=vUIwpE_sLao

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  9. TMoe

    explains this time

    http://www.youtube.com/watch?v=e2QKlmMT8II

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  10. JTU

    Why Our Country is going down The Drain!
    http://youtu.be/DL-a-r7iJIU

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    • JTU

      Taxpayers have spent $70,000 on this guy’s education plus another $437.00 a month for rent that was never used for rent!
      This is why we need to raise the taxes on the employed and particularily the rich!

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  11. fake amish

    As the EBT prez goes full retard calling up the troops(youngins and losers) to harass all un”forward” members of the congress. We will see if the horse kicked really run the show. It seems impossible. Have you ever seen how these peeps live? Dirty or not clean comes to mind. But. A maid is for the 1%.

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    • fake amish

      Natty looks okay here. Beyond the politics of children and old people and losers.

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  12. JTU

    DDD stock is behaving like it is the next APPL.
    Up 267% last year and up 36% in the last 30 days!

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  13. Mr. Cain Thaler

    Take a ride on the insanity station

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  14. TypeBTrading

    Market goes higher. Think of a reason why the market should not go higher, then remember Bernake in the tall grass. Inauguration Day pullback will be the buying opportunity if you sold out or sold short before the new year.

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  15. mikeg

    My broker wants me to lend my VHC shares-what do you think?

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