Is Carl “give me three seats on your board” Icahn About to Teach the Kid a Lesson?

Shares of HLF are halted for trade, news pending.

Montauk Bill Ackman is short to the tune of $1 billion dollars and is now underwater on this position, after driving HLF down into the $20’s.

Is an Icahn bid coming?

Stay tuned.

UPDATE: It appears HLF might name a new auditor. False alarm.

UPDATE II: PWC will serve as new accounting firm for HLF.

I added size to a new position, YZC, making it a top 5 position of mine.

It’s gonna go.

I sold out of my CZR for a 5% loss. There is no point in holding onto a trade acting retarded, when there are 100 other names going up as we speak.

My solar index was +18% yesterday and up even more this morning, with a wide array of names up more than 50% for the day. I kicked out of a 100,000 SOL purchased yesterday for a cool 20% gain. Had I held onto it for another 10 minutes, the gain would’ve been 45%. If I still held it now, the gain would only be 7%.

These stocks are coming in hard off their highs. I would not bottom fish them today. Many of them are overdue a 20% beat down.

Seek risk elsewhere.

I followed The Devil and bought a little MCP, only 10,000 shares. I will hold it for a week.

Other than that, I am waiting for my shipping stock, FRO, to explode to the upside. I am long 1.1 million shares and know, without a doubt, the stock will be heading higher over the intermediate term.

In summary, risk is coming off the table now and it’s a glass of nitroglycerin. Do not try to catch it.

I booked profits on SOL.

YGE is +22% pre-market and the 100,000 SOL I bought yesterday is going to pay off nicely this morning, with the stock up 15% so far.

Let me entertain myseld by affixing rudimentary valuation comparisons in order to justify higher prices.

Year to date, who are the laggards?

EMKR (-15%), STP (-45%), DQ (+15%+), STRI (+23%)

Who are the cheapest on a p/s basis?

STP, CSUN, SOL, HSOL, JASO

Lastly, who are the most impaired on a debt/equity basis?

STP, CSUN, LDK and DQ

As an aside, I’m thinking it’s time for the shippers to run again, hard-core, 1970’s pornographic style, extra mustache. Morgan Stanley issued a bullish report on them yesterday.

See?

If the shippers are gonna run, solar style, the following names have the best chance of ripping.

GNK, FRO, EGLE, TNK, NAT, VLCCF, DRYS, GLOG, DSX, NM and BALT.

The market gave you solar. Then it gave you education stocks. For the love of God himself, it even gave you bankrupt boat stocks. Now it is going to grant you the best of them all: CHINESE BURRITO LOTTO STOCKS!!!

Ding-ding-ding– you can be a winner too. Step right up and try your luck. There is a winner each and every day.

We’ve moved past the frivolities of fundamentals and solvency, now it’s time for us to invest in complete mirages, cardboard companies (literally companies with building made out of cardboard, like Hollywood sets) who don’t do anything but report spectacular revenue and earnings growth. We have moved past corporate governance to none at all, audited with the intent to defraud. The trick is, as always, is not to be the last man out of the door. Be sure to kick, punch and stab your way out of these stocks I am about to unveil to you, for they are the very lowest of the low–THE BOTTOM OF THE BARREL, scum of the earth.

They shall trade higher and now.

Chinese Lotto Guys, 2013
STV
CCCL
SVM
SUTR
YZC
XIN
EJ
GA
HOLI
AMAP

There will be others. When you buy these names, do so under the veil of secrecy, wear a disguise and cloak your person. Should anyone find out you were speculating in red chinese faux companies, they will think poorly of you. Since 2013 is all about plutocracy and indulging oneself with free money, I see no reason to assume these low brow names will be next to cross the many lists of vagabond day traders.

Unfortunately, many of iBankCoin’s competitors resort to informercial at midnight type of marketing, for their wares, promising your millions of dollars in profits from listening to their advice. Most of our readers are keen enough to realize anyone who talks like that is a future feature on CNBC’s American Greed. On this site, we practice the art of trading, from my urinal shadow derived picks to ChessnWine’s checkmate technical plays to Ragin Cajun’s momo breakouts and to The Devil’s fiery hot picks, most of you are well aware of the talent that walks these halls on a daily basis.

However, since he is new here and absent from the blogging world for more than 4 years, I think it’s my duty, as warden of this site, to highlight the work of The Option Addict. Some of his recent picks include RSOL @$1.87, BIDU @ $91, WFR in the low $5’s, I can go on. When it comes to playing technical breakouts, combining expertise of the options markets, no one beats OA. Truth be told, some of my friends in the money management business have already taken a quick liking to his style, without my telling them to check him out.

As for the markets: we are still heading higher.

We’re sweeping legs here at iBC, all day long–each and every day.

Top picks: JIVE, MT, FRO

UPDATE: I sold out of ARG, for the $100 roll.

I added to my JIVE position under $15.90.

I sold out of YGE, +20%.