You’re Not in 2008 Anymore

Many of you are so battered, bruised, by the crash of 2008, you’ve never gotten over it. You’re still living in this fantasy land where gold, silver and bitcoins are your savior and the financial system is on the verge of collapse. You’re self-deceptive, molding a reality to fit your end–the purest form of insanity is always via delusional thinking.

Its been many years since the collapse and people have gotten very rich since then, yet you’re still waiting for civilization to implode to validate your farm land and 20 years worth of dry goods in your basement.

Back in the 1950’s, people built nuclear bomb shelters, equipped with enough food and water to last for decades. Yet, all the while, America was at its best. Had you been stuck in your retarded shelter back then, you would’ve missed out on the great “nifty fifty” run of that era.

What are you so afraid of anyway? Do you want to live forever?

By no means am I writing this post to rub salt in your wounds, putting myself on a pedestal–just because this market has gone up everyday for the past 6 months. I am doing you a favor by letting you know the truth. The country isn’t on the verge of collapse and the dollar is here to stay. Housing has recovered, even I bought a new house last year. You and Peter Schiff live in alternate realities, one that doesn’t conform with true facts.

The quicker you realize you’ve been fighting a futile war, the more expeditious your travels upon the path to recovery will be.

From the darkest corner of his house, Benjamin Bernanke lights his cigar, filled with marijuana leaves, turns on CNBC, and excitedly says “got you bitches again,” then blows plumes of smoke into the air–whilst listening to his favorite rapper: Richard Ross.

Futures are +15, based upon Central Bankers doing long lines of cocaine, buoying world markets at the behest of the controlling elite, the plutocracy. Those who are readily betting against them, via misguided short positions, will soon see their possessions seized by the marshal and auctioned off to the highest bidder.

Now, there are two questions you need to ask yourself before the market opens.

1. What sectors shouldn’t I be aware of?

2. What sectors should I be aware of?

The answer to those questions can be answered with one simple train of thought.

You don’t want to chase down dogs that haven’t run yet. Quit being such a damn contrarian. This is a momentum based market and if you’re not participating in it it is more likely as a result of your stubbornness to buy what is being bought, than a bout of poor luck.

For example: CSIQ is up nearly 30% this morning off of great earnings. The entire solar space has caught fire. What is an investor to do?

Well, obviously, you should be buying solar, not coal or oil. And, you should’ve bought TSLA for the $100 roll, like I told you last week. Due to the run in solar, alternative energy stocks caught fire last week, led by FCEL, BLDP and CPST. Look for that trend to continue and gain momentum. Other names to be made aware of are PLUG and QTWW.

Might the coals go higher? Perhaps. I am long YZC more for its chinese burrito exposure than for its deliciously carcinogenic coal.

I’ve also taken a liking to JIVE, IMMR, MTL, MCP and PAMT. See these are “good” ideas, not some hodge podge of lazy misdirected themes put together by a cold caller.

You want to know another “good idea?” How about FRO? Earnings are right around the corner and they’re not supposed to show any improvement, whatsoever. However, they have enough cash to last until 2015. Therefore, in my view, there is significant room for an upside surprise in the shares, as they’ve baked in nothing at all.

Enjoy the rally.

None of them were any “good,” per se. I’ve looked into all of the names that you listed, hundreds of them, and they all came up short. You must be doing your research from the bottom of a whiskey bottle, or worse–if at all possible.

Some of the names listed in the previous post should trade lower, dramatically, over the next 6-12 months. I am not surprised that these “gifts” were bestowed on me for my birthday.

You may try to assassinate me, many have tried before. All have failed.

I have my own ideas, which shall and will be represented on this blog for the next 500 years. You will be long gone, and dead, but the stock picks will still be generated here, via PPT3000 auto-trading algorithmic ATM machina–the future of algorithmic trading.

On a serious note, markets look poised for another up day. I’ll be sure to visit you fine folks in a few hours, after I deal with some soon-to-be-leaving company from the House of Fly.

Let’s hear your stock ideas for next week. I’ll post my favorite on Sunday or Monday, depending on how hung over I am.
http://www.youtube.com/watch?v=k6mDfqVxWCo

I bought PAMT at the behest of The Devil. He promised me “unparalleled fortune” in exchange for my soul. A deal too good to refuse.

Alt energy plays were the theme today. Keep your eyes on FCEL, BLDP, CPST and PLUG next week. They might go solar to the upside.

Fannie Mae moved up 37% today and one of the craziest short squeezes ever has been taking place in under the radar junk stock play LOTE. Look at the chart and then blow your brains out.

KWK looks interesting for a trade.

Bottom line: I managed to make some coin this week, even though it was real dicey early on. I got my JIVE and FRO going strong (black power!) and want this god damned IMMR to stop teasing me already. It trades like a stupid stock. Tomorrow is my birthday, so I expect to receive stock idea gifts from the unwashed public. I will create a new post tomorrow morning for you to affix them to.

I started a position in PAMT, under $17.90.

TSLA is going to do “The $100 roll.” I think the valuation of the stock is insane. But that doesn’t mean anything. The stock, mind you, is going to $104, AND MORE, whether you like it or not.

Once again, trash is bubbling to the surface. Today’s theme is alternative energy names like CPST, BLDP and FCEL. There is likely more upside to be had in these names.

For me, I love my IMMR and JIVE positions, both top 5 positions of mine by size and stature. JIVE was going to be acquired by SAP, according to reports, but said talks broke down today. They were discussing a merger for 5 weeks, yet couldn’t agree on the details. Well, those details are always based upon money. Hopefully, they’re not making an absurd mistake. My money says they (insiders) know something we don’t and opted to cancel merger talks in order to see their share price climb higher, organically.

Bottom line: The bull isn’t dead. All of you pikers need to get back to work.

Often times ipos go unnoticed until their outperformance is praised by the media or until the stock price demands attention, by ripping tits off. I have a screen that isolates stocks with less than 12 months of data to monitor these stocks. Feel free to perform voodoo on some of these companies or buy them, if you’re into that sort of thing.

Outperforming IPOs (1 month)

SCTY +81%
TSRO +42%
RH +41%
YY +38%
ANFI +32%
XONE +31%
EQM +30%
FLTX +29%
QLYS +26%
PRTA 26%
AMBA 23%
DKL 21%
FANG 21%
STML 20%
I 18%
LOCK 18%
CST 16%
TAM 16%
IPDN 16%
EOPN 15%

Underperformers
ATOS
RKUS
LPDS
MATX
MRIN
SANWZ
HPTX
PFMT
JMI
BCC

PPT members can access full screen here.

You ball jugglers can’t keep “The Fly” down. After enduring a 2% drop this morning (that’s -6% from yesterday’s top), the market reversed and raped every single short seller into the close of trade.

Aside from my own triumphs, closing the day up more than 1%, I am in awe of the talent being displayed here on iBC on a daily basis.

I realize they don’t get the traffic they deserve, mainly because so many of you are obsessed with the ongoings of Plutonium Petey–but you need to visit the other bloggers here.

ChessnWine has displayed a cool head this whole lift and manages the 12631 trading room with poise and professionalism.

Ragin Cajun is one of the best intra-day traders I’ve ever seen. The crazy part about that is he doesn’t manage money professionally. He smoked stocks daily inside of 12631.

Just when I thought there were no other intra day traders like Ragin Cajun around, The Option Addict joined the team. Does anyone trade the rips better than him, really? I’m gonna force him to get more active on the site. He’s too good to hide.

I’ve been friends with The Devil for about a decade, on and off. He’s always into deals, making things happen, filled with energy, and always right about the markets. He’s probably the luckiest guy you could ever meet. Listen to what he has to say.

Raul, Zenhunter and Caine have been killing it too. They’re all good traders with different styles.

If you like Forex, no one does it better than Forex Kong. The guy is literally insane. See for yourself. He’ll bit your brains out from your skull and drink tequila out of it.

For the first time since 2009, I am content with the content on the site. Everyone is hustling and killing their trades. While it’s treu, we offer premium services and your business is always appreciated, there’s also plenty of free advice to be absorbed on the site, especially helpful to the new traders out there. When you’re ready to invest a little time and money into your trading, come see us inside of The PPT and 12631. You will not be disappointed.

By the way, The PPT algos nailed the lows of the market this morning, to the very tick. Here is a chart of recent OS signals, compared to price movement in the SPY.

Something tells me a lot of people are going to be disappointed by today’s tape, all but the cement headed gold traders of course. By the way, I do not trust the price of gold or silver, based upon a one day lift. If forced to own precious metals, I’d avoid the miners and go long a levered ETF.

Today has been a great day for trading. But I’ve avoided the task, especially since I am fully invested. I don’t feel like selling anything; therefore, I can’t buy anything. If I had cash, I would have bought both AMBA and WETF on the morning collapse and made a cool 250k doing it. Instead, I am barely up, no more than 0.25%. At the lows of the session, I was off by 2%. At the highs, I was up 1.1%. In other words, today happens to be a non-event for me.

Nevertheless, one should respect the renewed volatility and become aware that the NIKKEI is going to dictate the direction of our market in the near term. Japan has been the playground for risk, coupled with being a source of funds for carry trade loving deviants. Any prolonged pullback in the NIKKEI will be reason enough to sell into my birthday (memorial day), get drunk, and sit atop vast gains whilst the rest of the clowns try become viable.

I am very disappointed in the pullback in IMMR. I really thought it was primed to go.

Several Chinese burrito stocks are perverted to the upside, namely SCOK, CNIT, JRJC and SUTR. The Option Addict nailed SUTR. I do like JRJC here for a spin.

Don’t become discouraged. LNN is cheap as balls and The PPT called the bottom this morning, flagging an oversold signal. It is, however, not oversold any longer.

More later.