Tying Up Loose Ends

Okay, I am doing some internal restructuring at iBankCoin, with regards to direction of content, which happens to entail cleaning up my dated blogroll. I added a few names, while tossing others. However, the truth of the matter is, typically, I am too busy to surf the web, like some of my competition. Therefore, I have no idea who is worth linking to anymore.

If you are an avid reader of a certain site and want to recommend it for blogroll induction, leave a note in the comments section. Or, if you are a blogger looking for some street cred, leave a note in the comments section, with a link to your stupid blog. Over the next day or so, I will read through all of the recommended blogs and add a few to my blogroll. In addition, I will dedicate a post highlighting the idiocy or splendor of the suggested blogs, depending on my mood, labeling them “worthwhile” or “GIANT WASTE OF TIME.”

In other words, fellow bloggers, choose your link whoring very carefully, for it may be your last.

Classic SNL:

I’m sick and tired of this market not going to 10,500. We were no more than 80 points away from 10,500 last week until that weak/lame sell off. Mostly everything gets me mad, from dumb cellphones to disgusting people to men who get their eyebrows plucked. But nothing vexes me more than denying “The Fly” of what’s rightfully his: victory.

Talk all you want about moving averages and/or SCARY ECONOMIC DATA: I spit on you.

I spit on you, from the the top of the Empire State Building. I spit on you.

As I write this, my stupid neighbor has a bunch of “illegal Mexicans” doing renovations on his house, making all sorts of noise with their silly little tools. I feel like grabbing a hammer and putting a few good sized holes in his house; but I won’t. Instead, I will roam around my house, barking out orders, while ignoring all incoming emails/texts and most definitely phone calls—for I have the symptoms of the “death flu,” and there is nothing remotely fun about that.

In closing, on my eyes, the market will touch down on 10,500, before X-Mas, granting me my only wish, which is: a very vulgar and entirely unnecessary rude iBC Christmas.

Remember the turkey, always.

In the year of the accordion, The Baltic Dry Index will change its name to SCAM, whereby all investors of the underlying equities shall be given 1 bag of rice per 1,000 shares of stock. It will be lauded by President Palin as “fair settlement” for “wourthless assets.”

In the year of the goat, men with muskets will fall into harms way, via blackhole induced time travel. The NY Times will offer extensive coverage of the ordeal.

In the year of the lamb, pestilence will be encouraged to spread through the continental United States, in order to deal with the troublesome “surplus supply” of humans.

And, finally, on the day of November 20th, 2009, only one day after the debut of The New Moon, the market shall rise and fill the lungs of the overzealous with black smoke and iron.

I bought 20,000 BigBand Networks, Inc. [[BBND]] , under $3.65.

Disclaimer: If you buy BigBand Networks, Inc. [[BBND]] because of this post, the economy will “double dip” and zombies will eat your brains. And, you may lose money.

I think we are close to bouncing; but what do I know? Hell, I am only on a 10 year winning streak, despite having wide ranging intellectual impairments, with regards to not believing political campaign literature and commercials. Everyone has their vices. I guess my biggest one is being able to see the worst in everyone. I am a cynic and it helps to fuel the fire in my stomach, which, incidentally, makes me work harder than everyone else.

Aside from the stocks on my radar, there are a number of others that have been resistant to the recent decline. It is incredibly helpful to see what the morons at our local mutual fund companies are buying now, into weakness, since they may be outperforming other equities if the market goes on a protracted decline. Also, consider the following: we are ending the calender year soon and many managers want to chase performance, into the New Year. There is no way, on God’s green/filthy Earth, that the market is going to collapse into the New Year, while sitting on handsome year to date gains.

Here is a short list of names, screened by The PPT, that meet the criteria (min mkt cap 10 billion, hybrid daily change 5%+, % from 52 week high less than 10%):

Lorillard Inc. [[LO]] , Duke Energy Corporation [[DUK]] , The Coca-Cola Company [[KO]] , Kookmin Bank (ADR) [[KB]] , Shinhan Financial Group Co., Ltd. (ADR) [[SHG]] , Best Buy Co., Inc. [[BBY]] , General Mills, Inc. [[GIS]] , ICICI Bank Limited (ADR) [[IBN]] , Abbott Laboratories [[ABT]] and [[MCD]] .

In this screen, same criteria as above but scanning for hybrid weekly change leaders, the following met the criteria:

[[CGA]] , Wal-Mart Stores, Inc. [[WMT]] , Best Buy Co., Inc. [[BBY]] , Visa Inc. [[V]] , TransCanada Corporation (USA) [[TRP]] , General Mills, Inc. [[GIS]] , Shinhan Financial Group Co., Ltd. (ADR) [[SHG]] , The Mosaic Company [[MOS]] , Abbott Laboratories [[ABT]] and Duke Energy Corporation [[DUK]] .

Like it or not, that is what is working now, at least in large cap. All in all, not a bad list and not overly defensive.

My best guess, we strengthen throughout the day, based upon the prospects that the dollar will get its face punched in again.

Bush did it.

Le Fly, despite the prognostications of Carter Worth, added to some of his positions today, mainly due to an oversold reading by The PPT (2.22). I am cognizant of the fact that trends are meant to be broken. However, for the better half of an entire year, it has made me money, quicker than a whore-pimp relationship in Vegas.

In closing: WHERESMYROOTBEER?

Top picks: U.S. Global Investors, Inc. [[GROW]] , Green Mountain Coffee Roasters Inc. [[GMCR]] , ICICI Bank Limited (ADR) [[IBN]] and Ciena Corporation [[CIEN]]

I bought 2,000 Green Mountain Coffee Roasters Inc. [[GMCR]] @ $64.25 and 5,000 ICICI Bank Limited (ADR) [[IBN]] @ $36.94.

Disclaimer: If you buy the above stocks because of this post, a bird will peck away at your tires until they are without the luxury of air. And, you may lose money.

This sell-off, although disheartening, is nothing to worry about. About a week ago, when I went to 60% cash, just prior to putting some money back into the market, most of you threw meatloaf at me. Now, all of a sudden, you are licking the meatloaf off your monitor. See how that works, Jack?

Young people, I have more than 40% of my capital in cash and I will use it to make timely purchases. This is EXACTLY what I wanted to happen, AND MORE.

In an effort to reiterate an already redundant point: I like Green Mountain Coffee Roasters Inc. [[GMCR]] , U.S. Global Investors, Inc. [[GROW]] , W.W. Grainger, Inc. [[GWW]] , [[MWW]] , [[ENTR]] , ICICI Bank Limited (ADR) [[IBN]] and Mechel OAO (ADR) [[MTL]] —amongst others. Did you imagine I would turn sour on said names because they are dropping in price? If so, you are a primate and belong in a zoo, in the rain, not under a roof.

In closing, I feel as if my lungs are filled with black smoke. I have no time to partake in pissing contests with the likes of you. Do what you think is appropriate, not what I deem reasonable.