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
23,445 Blog Posts

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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THE GIMP IS OUT

This is high season for speculation. Everyone is a perverted circle jerker, clamoring for the next pick. We all need new patio furniture and a 2014 Benz. There is nothing that can hold stocks down.

Let me run through some back of the envelope numbers for you, as we enter the “multiple expansion” phase of this rally.

-72% of companies in the SPY beat earnings expectations.

-Earnings for 2014 are expected to come in around $123.

-The median PE multiple for the past 30 years is around 15x.

-Assuming companies will meet expectations and not smash them, the SPY should trade up to a minimum of 1,845.

-Considering the zero interest rate policy and assumed economic recovery, led by housing, including the fact that $123 in earnings is too low of a number, let’s assume the market trades up to 16x eps.

With all that said, based upon historical precedent, the market has another 17% of potential upside before the year ends–effectively putting the Dow at around 18,000.

The gimp is out and he is playing.

Top picks: YGE, FRO,  ARG

 

 

UPDATE: I bought JIVE–because it’s going higher.

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Fly Buy: $YGE

I started a position in YGE– the cheapest solar stock on the planet.

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Stopped Out of $VHC

I sold out of VHC for a 3% ding.

For now, the proceeds will remain in cash. However, I am tempted to buy a certain solar name with them.

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CANADA IS DONE, EH

You homosexual wildlings to the north of the wall are in for trouble. All of you stupid tar sands and forests are depreciating in value, not to mention the ridiculousness of your gold mines.  Since you make nothing but maple syrup and axes to chop down trees, I reckon you’re in for a very rude awakening. I imagine this sort of awakening would happen while you’re asleep and look a little something like this.

It was just reported that the Canadian inflation rate slooowed, like a glass of molasses, to an annual rate of 0.4%. Very soon you will have no choice but to endure the horrors and tragedy of deflation.

Your currency shall perish and so shall industry.

On the other hand, down in King’s Landing, things are going swimmingly. The country is very powerful and our natural gas fields are the envy of the world.

In other news, it appears my JRCC trade has revived. Do you know why I am still in the name, after declaring it to be a “dead trade”?

The answer is very simple: I am able to, mind you, hold my butter–because of the fact that my gains are outsized. I have the luxury of holding losers and waiting, even averaging down, because I have conviction–beliefs.

 

Do you?

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Assuming the Rally Will Never End

The Devil is in my ear all day, telling me “imminent market reversals are in order.’ As he tells me this, I eat potato chips. The crunching of the chips enables me to ignore him–because I can hardly make out what he’s saying.

Putting my positions aside, I am looking for new ideas, always. There’s a homerun out there for the picking. We must work diligently to scour every corner of the market.

Here are my top 10 short squeeze plays for tomorrow. Naturally, this changes the moment the market opens.

HCI
PKT
IRG
IDIX
FRO
BDBD
SUPN
FOLD
INFN

There are a few hundred names that still look good. But, as of right now, these look most tradable to me.

NOTE: The free trials for The PPT and 12631 have ended, officially. We gave you an extra trading session. I hope you enjoyed your stay, being part of the club has its privileges.

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