iBankCoin
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.
Joined Nov 10, 2007
23,433 Blog Posts

Up Another 4%

Over the past three weeks, I’ve made more money than I did for the past two years. I am making between 2-4% every single day, partly thanks to a rising tide, partly thanks to my leverage.

The truth is, I own a time machine. I’ve always had a time machine, ever since I was young. I once stumbled upon it, while playing a game of baseball in the woods of Brooklyn. Ever since then, I’ve been zipping through time like a space alien magician. It’s not your fault for doubting me, since you’re just a pedestrian, part of the “reader class” of iBankCoin.

I’ll let the results speak for themselves.

THE GREATEST STOCK MARKET MELT UP IS UPON US.

Where were you when stocks went up every single day? Did you spend your time wisely? Were you able to change your lives for the better?

These are very serious questions, delivered in a jocular fashion. I want you to think about them and make some changes, if necessary.

Top picks: GOGO, IMMR, POWI

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Fly Buy: $CVV

I can do this all day, Seeking Alpha losers.

I added to my CVV position, because you’re all losers writing hit pieces to manipulate shares.

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$GOGO Not Done Going Higher

I told you GOGO would release its latest technology on 9/11, via Virgin Atlantic conference call. Lo and behold, all of the knee suckers are sucking knees today.

Where are all of the naysayers, the loosers [sic] who step to me when times are hard. Well, times are easy again and “The Fly” is throwing African spears through the hearts of cowards.

This is what is going to happen, to the tee:

On 10/1, GOGO will launch its biggest upgrade in company history, one that will change the way people communicate on planes. Exclusive for iPhone users only, you will be able to place calls and text, in flight. This is an extraordinary convenience for enterprise (business) users.

On 11/1, the second class Android users will share the same luxury.

Mark my words, this is going to be BIG news and people will love the service. After people experience the service, they will want to own the stock. This is a brand in making, like NFLX, AAPL and LULU.

With 16% of the shares sold short, I predict extreme pain and agony for those who are betting against GOGO.

At the time of this post, GOGO was Plutonium Petey’s second largest position, up 15% from cost.

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Off Leverage, Chilling

With the sales of RAS, AMBA, TRLA and some YELP, I’ve eliminated the leverage and gone to a 20% cash position. I pressed the envelope for a long time and made fantastic gains. Now is the time to chill, relax, and watch the monkeys make fools of themselves.

My year to date gains have topped 50% today and I am working on a few new deals. But I will be patient with my purchases, as the market spirals higher, risks increase.

I am surprised to see IMMR down today, following AAPL’s debacle. Understand something, IMMR makes more than 50% of their revenue from Samsung, who is dominating Apple in Asia. Any loss for Apple is a gain for Sammy, and by extension, a gain for IMMR.

My top 3 positions are IMMR, GOGO and POWI.

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Raising Some Cash

I sold out of my RAS position for a 7% win.

UPDATE: I trimmed some YELP and sold out of AMBA.

UPDATE II: I sold out of my 2nd largest position, TRLA, for an 8% gain.

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Tim Cook is Steve Jobs’ Self Destruct Invention

The genius of S. Jobs continues.

The latest “innovation” at Apple consists of a phone named after breadcrumbs that comes in different colors. The idea was to appeal to the Chinese farmer who is making $700 per year, with a phone that costs $730.

Brilliant!

We all want pastel colors for our phones, as we gallivant throughout town, heading towards theatre and turkish bathhouses.

I’ve determined, after “deep analysis” and careful consideration, that Tim Cook is indeed an android, invented by the late S. Jobs to destroy Apple. He’s the terminator for Apple shareholders and will not leave until his job is complete. He’s the self destruct letter in Inspector Gadget, the time bomb in your favorite horror flick. He is the caretaker at the Overlook Hotel.

The way Steve saw it, if he can’t have Apple, no one will.

As android Cook slugs on, producing small phones, losing market share in China on a daily basis (18% to 5% over the past two years), patience wears thin on Wall Street. I am sure David Einhorn and Carl “give me three seats on your board” Icahn are trilled to see pink phones and 64 bit architecture. Nah, I’m kidding. They probably don’t care about that stuff at all, being that almost every brokerage firm just downgraded Apple for being losers.

As an American with an excellent tax attorney, I am saddened to see the fall of our best company. But all good things, and evil, come to an end. Think about how the Fins feel about their beloved Nokia.

Apple is the new Blackberry, sans the whole demeaning Canada part.

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STILL WINNING

I was flat today, despite the market being up big. Usually this means I am about to get my head blown off. I scraped some loose change together and bought more CVV today, based solely around the idea that Seeking Alpha authors are an abomination to journalism.

Watch me kill them, in real time.

Other than that, I’m handcuffed, waiting for my position to work.

I may sell YELP, if only to finance other situations. I do feel there is greater upside to be had in GOGO than YELP now, so that’s always an option for me. Everyone on the street is praising China again, which has been predicted for 6 months now, looking at the BDI index. The reason why shipping rates have been going up is due to chinese iron ore demand, which bodes well for our producers here. So all of the China related stocks are bouncing, names like CLF, WLT, JOY and TEX.

I want no part of them, nor any steel or coal stock.

We are in the midst of a technological revolution. “The Fly” doesn’t have time to partake in such frivolities–trading in and out of 19th century industrial names.

I am a high tech man, purveyor of “the best,” which is why I am outperforming every single one of my peers.

The Year of The Fly is upon you. Shut up and listen, for if you don’t, you will most certainly perish.

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Examining ‘Alpha Exposure’

The clowns over at Seeking Alpha published another hit piece on CVV today. The author goes by the name of ‘Alpha Exposure’– a true bozo and a dork.

Being that I am biased about anyone who publishes hit pieces on Seeking Alpha, pertaining to competency and motives, I thought it would be best if I let the numbers speak for themselves.

Let’s have a look at “Alpha Exposure’s” recent “deep analysis” of companies and how they’ve panned out for their “investors.”

On 6/21, they released a hit piece on UNXL. The stock was at $14 the day prior; but because of his story, the stock careened lower to $11.39 that day, only to close at the highs at $14.39.

Had you listened to Alpha Exposure on 6/21 and sold the stock, you’d be down 51.3% on your money today.

On 7/24, high off his UNXL ‘victory’, Alpha Exposure went after EXAS, dubbing it “The Rotten Sniff Test.” He became obsessed with EXAS, publishing 5 more articles over a short period of time.

The result?

On 7/24, EXAS hit a low of 12.94, post hit piece. The stock is currently trading at $12.95.

Nice work.

He’s also done numerous pieces on CLSN and ONCY, both of which have gone nowhere since his allegations and “deep analysis.”

Frankly, this guy is ridiculous–a rank amateur. What gets me is the level of influence these jokers have with Seeking Alpha readers. I mean, don’t they look at their account statements and see the results?

Awful.

This guy shouldn’t be managing his own money, let alone publishing advice on Yahoo Finance, via Seeking Alpha.

Losers.

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Awkwardly Watching

This is very strange for me, watching the market, pure spectator, without possessing the urge to sell my current positions. I like so many stocks; but I like my own even more. Plus, I am completely tapped out, leveraged to the hilt, crazed faced and mad.

I am looking at short squeezes and want to partake in them, but cannot. Instead, I am overseeing the illegal Mexicans in my yard create a new bed for my boxwoods.

Some of my stocks are up and some are down, yet I haven’t the slightest desire to do anything.

Complacency!

My person embodies the VXX: a complete state of catatonic complacency.

YELP is pressing higher and TRLA is taking a break. POWI is up and CVV is down. Who cares?

I just want to unwind and spend some money.

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