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.
BALT is not yours, for it is mine. Whatever position that you might have in it, long or short, is fleeting and will pass with your gas, as you scavenger on to other things. Opinions aren’t needed, trust in that.
It’s true, I’ve purchased even MOAR BALT today and might buy more again tomorrow. It’s just what I do. There are other stocks that could be purchased, like ANGI, WUBA or LITB, but I choose BALT.
Treu pirates do not fret at the sight of an injured frigate–they annihilate it and capture its bounty.
Before this conversation is said and done, I shall capture your bounty–trust in that.
This was an easy one. Some years the Asshat award is deliberated, mulled over for weeks amidst cigar smoke filled rooms strewn with supporting documents for prospective candidates. However, in the year of our Lord 2013, Bill Ackman stole the show, without a contest.
It was an especially humiliating year for Bill, due to two of his high profile positions, long JCP, short HLF, continuously punching him in the proverbial face, with special thanks to Carl Icahn. With Ackman’s support, Ron Johnson, ex CEO of JCP, nearly destroyed the century plus old retailer in little less than a year, seeing its share price carved in half, then carved in half, yet again. Following Ackman’s infamous “XMAS PUMP” of 2012, shares of HLF pretty much tripled in 2013, taking hundreds of millions of Bill’s money in the process.
At the same time, Carl Icahn played antagonist and destroyer to Bill’s credentials as a top shelf money manager, firmly placing Pershing Square into “Camp LAMBDA, LAMBDA, LAMBDA“, selling cream pies with Darth Vader helmets on.
Maybe Bill and co are working on some special “aero-dynamically” superior javelins and will take revenge upon Carl and other jocks in 2014. However, until that day comes, he will remain an Asshat, forever remembered as the guy who blew up on the centre stage, losing to a 150 year old guy in a vitamin stock, wearing Joe Fresh shorts and stealing away coupons from senior citizens.
A few years back I demonstrated, using a spec account, how I used The PPT‘s algorithms in trading a $100k account into a million, in less than a year. I was using leverage, options, and 3x ETFs. Truth be told, I haven’t been trading ETFs in more than a year, for reasons unbeknownst to me.
2013 has been a great year for the buy and hold types. But it’s not always gonna be this easy. The very best part of The PPT is the Hybrid Oversold signal. To sum it up in layman’s terms, the oversold/overbought signals measure stress points and predicts areas of exact inflection– using fundamentals, technicals, bonds, forex and commodity inputs. The scores are processed and a reading is given, using history as a reference point. My theory, from the beginning, was that markets always behave in the same manner. The bubbles and swoons might have different labels, but the price action is the same. I’ve proven this to be true, at an 80% accuracy rate, ever since we launched The PPT in 2008.
Using only the Hybrid OS signal, TNA as a vehicle, and a holding period of 10 days, you would have made over 100% on your money during 2013. This is an especially good number because risk is considerably less than simply buying and holding. An investor would’ve made just 10 buys/ 9 sales (TNA buy is active since 12/11), being exposed to the market for no more than 100 days.
Here are the results.
$10k to $21k in one year, with less than 100 days invested.
I was frozen solid today, continuing a streak of more than a month of doing little to nothing. I own lots of GMCR, GIMO, RBCN and BALT. Things went well today and I made 1.6% for the session. It was a good day, but not nearly as good as Carl “give me three seats on your God damn board” Icahn, who punched Bill Ackman in the face one final time with HLF.
When I get to be 150 years old, I want to be just like Carl.
As you all know by now, as men considered to be “in the know”, S&P futures are plunging this evening, like homosexual v neck sweaters, which started off with a very large trade. Why bore you with all of the gory details, when you are all “in the know” anyways?
Precisely.
A car jacking/bullet shot to the head routine traveled from parts unknown to the decadent nest of the Short Hills Mall, a place where The Fly has been known to parlay, as well as the indomitable ChessnWine. This, as well as other small particulars, is the reason why futures are lower this evening. Let’s also not forget that Homeland was on tonight and it did not bode well for some main characters.
A certain doom and gloom carries over the market this evening. Any tarriance on behalf of the sellers will only offer temporary respite for the doomed lodgers, long at the Summit top of this tape. If you are able to escape with 10% of your money, by the end of 2014, you should consider yourself “a fortunate man”, a person with 10,000 guardian angels fighting devils by your side.
Sleep tight, cellar dwellers of the olde school, for you will be taught a very harsh lesson, indeed, in regard to the new order of things tomorrow.
This is it folks (extra Denninger). We’re either going into the cesspool of hell or hopping aboard the “deathsled” to bestow a great pain and misery, a final blow of sorts, to the childish morons who continuously short this market.
Last week the tape was weak; but you wouldn’t know it by reading iBankCoin. The Option Addict pulled off one final “epic trade” for the ages, getting long massive quantities of TWTR December 50 calls, all done under $1. Some of his members, inside of After Hours with Option Addict, got in sub .20 (+6,500+). Do you know where said options are trading now?
Almost $10.
Jeff bought a house with the proceeds, literally.
Just to put this trade into perspective, had you dropped $5k into the TWTR calls when he suggested, those same calls would be worth over $65,000 today.
Isn’t this what we’re here for? How many of you made over 1,000% on this trade?
Congratulations to all of those who participated in this trade (tips hat).
As for my BALT position: I believe the Morgan Stanley analyst has it all wrong when he says GNK is an overhang on BALT, keeping the shares down due to uncertainty. I believe GNK is negotiating a pre-packaged bankruptcy and such an event will not affect BALT equity holders. Why else would Centerbridge take a 14% stake in BALT, just last month? They are most likely working with GNK on the bankruptcy details.
At any rate, I expect trading to be thin and volatile, as most hedge fund managers move to cash to lock in great gains. After all, these gents would like to get paid their $100 million bonuses. Any hedge fund related sell off in December will most likely result in a January boom, so hang tight and pick your battles carefully.
