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
23,474 Blog Posts

The Quarter From Hell Has Ended. Time to Attack

I am calling for a 10% upward move in the NASDAQS for the month of October. Now that Twitter assigned a new incompetent, Jack Dorsey, to run that company into the dirt, all is well.

My favorite stocks down here are AMCX, SHAK, JAZZ, CLX and TWTR. I know that contradicts my previous sentence about the company being drilled into the ground. That’s sort of the point. We’re supposed to go lower. But we won’t. Then when we’re supposed to go higher, we’ll go lower. Everyone loses, ultimately. The house (Goldman Ball Sachs) always wins.

At the end of October, I will begin, in earnest, buying up oil and gas shares. I am strictly using seasonality stats for this position.

Alas, I am relieved we’re entering Q4, despite the fact that we’re not out of the woods yet. Plenty of market turmoil has transpired in October. However, considering the recent damage done to the markets, coupled with strong seasonal trends supporting an October rise, I like my chances long here–teetering on the brink of disaster.

What are your top picks heading into Q4?

 

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33 comments

  1. prometheus

    MVIS – Sony starting to sell pico projector with MVIS tech inside, in mid-October. MVIS also announced last year that a Fortune 500 company will be deploying a smartphone product in 2H of 2015 with their tech in it. My year-end target is at least $5 (currently trading near $3).

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  2. the dude

    $TQQQ, $IBB, $FCX, $CHK

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  3. lplongo

    Wow, Fly – 2 spelling mistakes in one blog article. I don’t think I’ve ever seen you do that. That marks the bottom.

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  4. tmoe

    BAH, FCX

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  5. pickthebottom

    UPRO UPRO UPRO

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  6. zzuuuull

    I think we’ll be lower tomorrow for another good buying opp.

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  7. Fidel Cash Grow

    TWTR, RH, UA

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  8. gappingandyapping

    Anything Carl Icahn and shorting $NK. I am long $FCX $RIG $CHK

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  9. it is showtime

    Q4 will contain the biggest
    movie ever

    Star Wars Episode 7 Will Be Best One Yet, According to Fan Survey
    GameSpot? – 23 hours ago

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    • og

      and I believe NFLX will get it first. 2016 is gonna be a big year with that Disney deal they signed.

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  10. prometheus

    Lot of $FCX longs here, wow. If commodities have bottomed like Gartman claims, wouldn’t they rally hardest from here. I also like NOV and SU.

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  11. stockslueth

    BA, FISV, FIT, GILD, GPRO, PANW

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  12. sloop

    we’re not done yet more down side

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  13. jonny

    No, we are in a BEAR market.

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    • joyous__ending

      We could still rally to 2000, have a couple bad months, bounce….repeat.
      We need a recession or unseen horror for a real bear.

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  14. edgar

    VLO, TSO

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  15. vandamme

    Whoever thinks this is a bear market is a moron.

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  16. joyous__ending

    V for VISA, it goes where the Dow goes.
    AGN – Allergan – big pharma will move before big oil

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  17. bonobo smores

    And I thought the quarter from hell was last quarter, and the one before that, …

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  18. just3group

    Boring Ole WFC BLK CALM

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  19. sspiff

    GILD Aapl Laz nibble at CAT

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  20. ebtda

    LONG EWC

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  21. ironbird

    Buy the energy patch. Putin just killed some children in Syria. No fucking way that does not put a bid in crude soon.

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  22. speerothekid

    was that movie any good? never ended up seeing it. not usually fond of the religious movies.

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  23. traderjman

    Ball Sachs. LMAO

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