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.
By the way, Skippy peanut butter is by far the best tasting peanut butter in the world. I’ve tried every brand made available to me and there is nothing as good as Skippy, which leads me to believe, incidentally, that they are doing something rather nefarious to their product.
Speaking of nefarious, there is a massive contango taking place in the dry bulk market, with Capesize day rates now lower than both Panamax and Supramax. To put that in layman’s terms, that’s like a Mercedes selling less than a Kia, something completely irrational–driven by upright walking pigs who happen to own shipping vessels. The fact of the matter is, the BDI is off to its worst start in 40 years, the blackest of the black swans.
As such, I am all but out of my BALT position, as stated yesterday on this blog and inside of the private confines of The PPT.
SPY futs are getting punched in the face, down 11, due to a weaker than expected Chinese PMI. Who knows? I certainly don’t.
All I know is that I continue to bank coin, up 8% for the year, yet the market always looks like crap.
The global cash horde is now up to $7 trillion, up from $3 trillion back in 2003. Throw in the avarice of those greedy men at private equity and hedge fund firms, and you have a perfect case scenario for mergers and acquisitions or “going private.”
To be short this market is like playing with firecrackers inside of your boxers.
I am very long shares of ANGI, much to your chagrin, and pleased to see it march higher. The same goes with GOGO, PRAN, AREX, RPTP, BMRN, ATOS–just to name a few. I’m also up over 72% on my Facebook purchase, executed in the low $30’s when all of you were laughing at it.
Although I am the first to point out how corrupt and ridiculous this market is, I am also the very first on line to receive my “fair share,” to possess what is rightfully mine–a piece of the American appled pie.
NOTE: I sold all but a few thousand shares of my BALT.
I’ve been many things: an oil man, a coal man, a pirate, even a chinese lottery man; but I’ve never been called a “gas man.” Well, all of that is going to end right here, right now, as I declare myself that gassiest man on all of the internets (no flatulence).
Over the last few days, I’ve been accumulating the shares of AREX, not because of its exposure to oil– but because of its gas! The company has been trying to get out of the gas market, rather unsuccessfully, for the last few years. Each and every time they try to leave the gas world, it pulls them back in, now representing more than 40% of their revenues.
With the new ice age upon us and natural gas prices cheap as dirt in America, I like my chances, longer term, with a producer of this sort, this variety, in a world desperate for a little “slather” of heat during the winter months of Jan-March.
Aside from that, I’ve been in my laboratory (extra Dexter) finding cures for Alzheimer’s and working on drugs for NASH, via PRAN and RPTP.
Winning again.
That is all, for now.
Oh, I added to my AREX position today, in case that wasn’t abundantly clear to you.
I’m biting faces off today, Miami Zombie style. I am not even looking at the market or CNBC or listening to the boring retards on bloomberg radio. As a matter of fact, as I type this, I have no idea what the S&P is doing today, flying blind with lit dynamite sticks in my hands.
I allocated all of my cash, AND MORE, today, buying PRAN, AREX and AFOP. Go have a look to see what they’re doing, especially PRAN–up 22% for the session.
Are you meat sacks still shorting GOGO? The airplanes are flying “super high” in the sky (duh, obvious) and everyone on them is addicted to the internet, provided–EXCLUSIVELY– by GOGO. You have to be insane, literally, to bet against it.
I sold down more of my BALT and now hold very little. My opinion changed when the facts on the ground changed. If you followed me into BALT, you’re still up big, so no complaining.
Winship, gentlemen. If it wasn’t snowing outside, I’d be smoking my pipe, filled with the Black Swan, the stuff that you idiots keep tucked underneath your pillows while you sleep, dreaming of doing what I am doing right now.
Lots of Dow components are getting splattered, which is causing the market to stall and fall. I’ve been busy looking for fresh ideas and found 3 or 4 worth my efforts; but put the buys on hold, considering this sell off. I am also having second thoughts about investing my cash altogether, due to market uncertainty.
We are long overdue a correction. Let’s be frank with one another, shall we? The whole premise on this bull market is based around lies, deceit and corruption. We’ve accepted market manipulation as being “part of the game”, no longer fighting it because we’re greedy pigs. I do admire those who’ve been able to withstand the bull market and stay short or on the sidelines. They are stronger men than you and I. These people are convinced of an inevitable and fantastically catastrophic disaster.
With that in mind, it’s time for some food. I might eat some canned tuna, like a gato. Or, maybe I’ll eat a few greek yogurts and some grilled chicken. I’m cutting again and need to trim 6 lbs, after gaining 16lbs. It’s a process. Don’t bother thinking about what I just said.
I am reporting to you live, but, unfortunately, not from Davos. I report to you from confines of Princeton, NJ, in front of a television that is in fact reporting to me me– live from Davos! Don’t get me wrong, I envy those who have a purpose to travel to and attend Davos, spending hundreds of thousands of dollars for the privilege. Why, if I was in the business of selling nuclear reactors, I’d throw lavish parties for prospective middle eastern businessmen, in the hopes of procuring some contracts. However, I am just a mere manager of money, a person moving square pegs into square holes–a financial day laborer of sorts.
Also, I find nothing wrong with the price tag of Davos. One cannot put a price tag on exclusivity and it’s important to keep out the “riffraff” when conducting business. Without the steep price tag, miscreants might infect the ceremony, forever tainting it and ruining a perfectly legitimate meeting amongst “equals.” To quote animal farm, “some are more equal than others” of course.
Early going, the market looks solid and I am making money. I want to toss a few dollars in the market today, bored looking at the cash just sit there doing nothing.
On my day off tomorrow I intend to take full advantage of the time by getting a blood test and heading out to a funeral. Normal stuff.
My singular conflict is whether or not to wear a suit for the funeral, when in fact I really don’t feel like wearing one. Don’t get me wrong: I don’t intend to wear a Hawaiian bathing suit or a Magnum PI costume. I suppose, at the end of the day, anything less than a suit lacks decorum, given the somber mood.
Here are some stocks that I found this weekend, that look interesting to me.
VICL
CMRX
NNVC
AGEN
PRAN
As you can see, I’ve been focused on biotech. I may or may not buy more biotech. In fact, I might ditch the idea all together, content with just RPTP, and buy some AFOP or maybe come oil. Everyone hates oil now and CLR and CXO are cheap. Or, if BALT trades down again, I’ll buy more. Fact of the matter is, frankly, the bulkers aren’t as interesting today as they were two weeks ago. Capesize rates are down 65% since Xmas and the BDI is off to its worst start for a new year in 40 years. To simply ignore that would be juvenile.
I was looking at CZZ, interested because of the share decline. Then I researched it and figured our Brazil is going through a major energy change, discarding the retarded sugar ethanol in exchange for “pre-salt oil.” Apparently, gasoline is cheaper than ethanol at the pump and government subsidies isn’t making a difference anymore. Brazil is awash with oil and the country is moving away from sugar ethanol. So much for Brazil being “the model” for alternative fuel.
Just a few random thoughts on a slow Sunday evening, ahead of a most eventful monday.
By the way, I find the Martin Luther King Jr. holiday to be a melancholy one, considering that such a great man existed so many years ago, who was supremely interested in the betterment of his people, a harsh and bitter contrast compared to the sophists who infect the “African-America” community today. Nothing has been accomplished. As a matter of fact, one might say King’s efforts have gone in vain, as the black community have been plagued by a culture in dire need of a remix (pun intended). Also, I find the term “African-American” to be a ridiculous one, especially since most black people in America have ancestry dating back hundreds of years, and have no more a connection to Africa than I do to the beer laden streets of Dublin.
