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
20,622 Blog Posts

It’s a Roaring Bull Market

The Federal Reserve has answered our prayers and given the market the shot of adrenaline it needed. We all needed it, after yesterday’s dreadful market crash.

I took the opportunity to kick out my final loser, selling all of ELLI, in order to add to my MOS position. There will be losses along the way. But as long as we remain faithful to our core beliefs, everything will work out in the end.

The Japanese yen is being dismantled, yet again. Very soon, the zany South Koreans are going to get pissed off by this yen walk down and counter with their own central bank action.  We are in the midst of a global currency war and Japan is winning!

NMR, MTU, SNE, HMC and TM are long term buys.

Kyel “the idiot” Bass has taken the side of Daniel Loeb in the battle against Ackman for the destruction of HLF. I am starting to think Ackman is going to drop feces on the faces of all of these strange men. As much as I like Ichan, let’s face it, it’s all for the wrong reasons. I like him because he is a black hearted villain, not because he’s intelligent or can speak the english language correctly. Ackman, although a great big pervert, is smart, cool and collected, sort of like David Einhorn–add in depravity.

Into the planting season, I cannot think of a better, safer, place to invest than agriculture. MOS is my top idea for February, aside from the powerball nature of my VHC position; I believe MOS is going to make me a great deal of money going forward.

 

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21 comments

  1. charlie

    No silver this month?

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  2. Juice

    Bass is currenlty involved in a bromance with Loeb

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  3. snoozemr

    i like MOS too but it is it’s exdivy date -even if it is only a quarterly 1.6%. generally not a good idea to buy on exdiv unless it’s a down market. you should have pushed it hard yesterday. wiat for a dip people.

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  4. snoozemr

    silver long term is a but you’ve got to play the volatility, buy the extreme drops and sell on the rips. I like palladium much better for 2013. hope people listened to my buying the dips on PAL and SWC with Anglo’s woes and palladium ripping. Althougn I took some profits in SWC today because of the upgrade. Still holding quite a bit.

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  5. eagle

    Take him down with $JCP

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  6. eagle

    IcHan take over $CHK ..

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  7. snoozemr

    i don’t see him doing that. although on a 10 year horizon would prolly be a brilliant move. i’m actually short chk near 21 as firing a CEO generally doesn’t bode well – esp w CHKs current woes. although i am so heavy energy right now it’s more of a hedge then any real conviction on what way chk will go. i like SDRL right now with the recent drop and the 10% q div. only thin that concerns me is with the recent purchase of jack up rigs there could be a 2ndary coming – but the ticker was one of my top gainers last year. just got back in.

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  8. snoozemr

    prolly a good call, esp if we get some dips in the market. i only quartered in so i don’t mind if we get there.

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    • eagle

      Looking to more into $BAC if it makes a new high and market keeps moving today.

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  9. Patrick

    Good luck with the AG trade. The bailout trade is where its at… BAC AIG etc.

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  10. eagle

    What about $BWLD and MVIS………..Years ago??

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  11. The Fly

    Don’t forget Hans

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  12. Mr.Partridge

    It’s a bull market, you know.

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  13. JTU

    ELLI is getting killed!

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  14. JTU

    WNC-Holding into earnings?

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