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

The Santa Claus Rally is Now

There are so many people to punish today, where to begin? All of you greedy types, buying UVXY into the teeth of despair, shall be dealt with today–justly. Your lands will be seized, wives confiscated, and estate’s liquidated.

Between yesterday and today, we are looking at a 500 point rally. If you missed the run, it’s probably too late to get in for the large percentage gains. However, seeing people like Cramer on the teevee, there is a wall of worry still. There are people out there who just don’t believe in Santa Claus. Those people, mind you, shall be dealt with–justly–too.

By the looks of the open, I stand to take back some of the money that was stolen from me. But the hole is too dip to fill from now until year end. I will likely gain 20% of what I lost in recent weeks today.

PTRY got bought out. I was eye balling them because I know gas stations do exceptionally well when prices decline. I was looking to buy PTRY at $19 and missed the whole run. Other gas station/grocery plays to consider are CST, CASY, IMKTA and of course COST.

Top picks: SLCA, HABT, ECR, FMSA

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18 comments

  1. matt_bear

    shake shack was getting a lot of love on the radio this morning.

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    • tradercaddy

      I have eaten at the original one in Madison Sq. in NYC and ate at the new one here in Orlando over the weekend.
      The one in NYC was very good and the one here was just decent. I think it was the cheese. The burger was good but the cheese was too gooey and overwhelmed the sandwich.
      At least I had a good view of a large lake as I ate it on the patio.

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  2. Trent J

    This was a slow motion, triple roundhouse Van Damme kick straight to the throat of Wall 2.0.

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  3. thenose

    I Love you Fly

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  4. fifty2weekhi

    Fly, are you still looking to hedge after the oversold bounce? Owning half of your top picks, thanks!

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  5. prometheus

    “I will likely gain 20% of what I lost in recent weeks today.”

    So your annual loss would be cut down to just 5% or so? Nice!

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    • dragun

      might want to get that abacus out. e.g. a 10% loss in two weeks, to make back 20% of that in a day would imply a 2% move.

      Fly, I apologize if I spoke out of turn here.

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    • Dr. Fly

      No, just the recent losses. I am up 1.5% today, less than I thought.

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  6. the profit

    There is a ramper in oil that comes in at 10:30 every day. People who fight him get obliterated in green spikes of pain. Will he come in today too?

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  7. thenose

    No – i believe he is still -25 to -30% for the year

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  8. Dr. Fly

    Don’t chase oil. Tech is good to go.

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  9. rangersfan

    Bought more BAS and KEG , and some CLF .

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  10. og

    Damn GPRO can’t even rally in this tape.

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  11. stratoboozer

    On Monday you said TLT going higher. I bought at 127. FML.

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  12. rangersfan

    Bought $NADL here. I think I am chasing but plan on holding these for a while

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  13. bruce keller

    Ho Ho Ho time

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