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Dr. Fly

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.

This is Not Your Ordinary Internets

Unfortunately, many of iBankCoin’s competitors resort to informercial at midnight type of marketing, for their wares, promising your millions of dollars in profits from listening to their advice. Most of our readers are keen enough to realize anyone who talks like that is a future feature on CNBC’s American Greed. On this site, we practice the art of trading, from my urinal shadow derived picks to ChessnWine’s checkmate technical plays to Ragin Cajun’s momo breakouts and to The Devil’s fiery hot picks, most of you are well aware of the talent that walks these halls on a daily basis.

However, since he is new here and absent from the blogging world for more than 4 years, I think it’s my duty, as warden of this site, to highlight the work of The Option Addict. Some of his recent picks include RSOL @$1.87, BIDU @ $91, WFR in the low $5’s, I can go on. When it comes to playing technical breakouts, combining expertise of the options markets, no one beats OA. Truth be told, some of my friends in the money management business have already taken a quick liking to his style, without my telling them to check him out.

As for the markets: we are still heading higher.

We’re sweeping legs here at iBC, all day long–each and every day.

Top picks: JIVE, MT, FRO

UPDATE: I sold out of ARG, for the $100 roll.

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The Profits, They’re Too Big

A long time ago, when I was working until midnight in the cold calling pits of an unnamed NYC brokerage house, my mentor came back to the office after an evening of drinking. That office was open all night, as the brokers who worked there had the work ethic of mules. He approached me and sat down, then said “I just took home $80,000 this month and don’t know what to do with it.” He was obviously trying to motivate me by bragging about how swell his life was. Little did he know, I never cared about his life, as I was always interested in my own. Back then a good meal was romanian steak and fries at a diner. Back then, I was lucky to have enough money to pay for my dry cleaners.

Fast forward 15 years and I am making the money my mentor once bragged about; but I don’t feel fulfilled. Whatever I am making, someone is making more. It’s the never-ending spiral upwards, the plutocracy if you will, that has me wanting more.

As I talk to you small plebs now, I am sure you feel comfortable in your housing tenements, watching CNBC from a black and white television. Just know, I don’t feel sorry for you. As a matter of fact, I have no feelings at all, whatsoever, as to your prospects, since I am only interested in my own.

With that being said, ironically, you stand to benefit a great deal from my obsession by siphoning off my brain stem for cogent stock ideas.

As you read this diatribe, I am up more than 2.7%, led by YGE and CZR.

Of course I think both trade higher, as well as SOL, IMMR and ANFI. However, if you want my single best idea that has yet to make the rounds thus far, have a look into JIVE–you turkeys. And I mean that in my most sincere way possible.

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Shorts Are Firmly in the Vise

Solar names are exploding to the upside, yet again.

At the top of the solar degeneracy is JASO, RSOL, DQ, TSL and STP. Pray tell me, why the hell are you still waiting for silver to turn around?

Here are some other names that are exhibiting the characteristics of a head being placed inside of a vise, then squeezed.

UNXL
YRCW
RPTP
SZYM
BZH
ROSG
JRCC
YY
MCP
BKS
and one of my personal favorites ANFI.

I’m in idea and trading mode. Pardon the absence of prose, as I am busy banking coin at a criminal rate.

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Solar Hot Again

Solar stocks are lifting in the pre-market.

The hottest stocks in the space have been SCTY, WFR, RSOL, GTAT, CSIQ, SPWR and YGE.

Laggards include ASTI, TSL,FSLR, JASO, EMKR and JKS.

The most under the radar plays are ENPH, STRI and HSOL.

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PREPARE! For the Great Big Silver Run of 2013 is About to Begin

The HKMEX is closing its doors and will liquidate all silver bulls in the process.

Silver is off the lows, which was more than -8% this evening.

silver

If you’re still in gold/silver, you deserve to lose money. The trade has been broken, man, for over a year. If by chance, you tried to scalp a bottom, get out ASAP. Don’t let a bad trade become an investment, especially when stocks are climbing 30% in a day.

The whole precious metals thesis is homosexual and completely inane. It’s supported by hunched backed creatures, who live in different realms, think about the world in different terms. These vile men view life as something one must endure, struggle, instead of living freely–without regard for austerity or hard living.

The generational top has been in for months. You’re just too god damned stupid to realize it.

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The People’s Short Squeezes

Many of you contributed to my think-tank request. Thanks for that. Some of you have solid ideas built around catalysts. However, we don’t have time to research all of these names before the trading week starts, so let’s compile the best names, most likely to break out, using The PPT algos.

I am looking for stocks with better than 3 (out of 5) technical ranking and % of shares sold short more than 10%.

Here are the people’s best short squeeze ideas.

(tech score/% of shares sold short)

END (3.41/32%)

SUPN (3.37/42%)

KOG (3.57/10.8%)

HAS (3.87, 16.8%)

TNK (3.27, 13%)

GTAT (3.82, 34.8%)

VRA (3.32, 74%)

HAIN (3.27, 19.5%)

WNR (3.92, 31%)

COCO (3.57/ 27%)

FST (3.41, 16.8%)

DMND (3.52, 31%)

LF (3.37, 20.5%)

OSIR (3.77/ 19.8%)

APRI (3.57, 10%)

SWHC (3.72, 21%)

CSTR (3.77, 49%)

MELI (3.87, 24%)

BBG (3.46, 37%)

SWC (3.53, 18%)

TEAR (3.97, 21%)

XPO (3.32, 22%)

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Weekend Ideas Should Be Compiled Here

I am looking for good ideas. I have a lot of up positions and am very liquid. So, if you throw me a good stock, I might just make it worth your while.

Criteria: I want trash, low float, low market cap, about to bust loose, preferably with big short position. PPT members can post screens in the comments section. If you’re not taking this off time to do research for next week, you have no right managing money.

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