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
23,436 Blog Posts

Not Feeling It

The market is too melancholy for me to dive in. I have about 15% in cash, waiting to be deployed. But the overall tone of the market is drab. If there isn’t any momentum, then there must be carnage. Since there is neither, the market is in no man’s land, a risk to both buyers and sellers. Therefore, I’ve decided to sit tight and wait for a better opportunity.

All day long I’ve been dealing with the slow drip, death march of sorts, of my stocks trading lower. These little cocksuckers were looking so “dreamy” on Friday and now they’re little nightmares. NFLX is getting hit on rumors that certain networks will not sign content deals with them, due this Friday. However, that’s a bunch of HORSESHIT and the stock is being abused like an altar boy for no good reason.

Other than that, I am receiving “standard” clubs to the skull in ATML, PPC, MCK, ESRX and DDD. However, it’s worth noting, I am taking an especially large clubbing to the brain in AKS, a proverbial “fucktard” of a company if I ever knew one.

As much as I like to tell myself “Fly, chill out. You’re up 34% and your cock is swinging low”– it doesn’t work! I’m obsessed with price and hate when my stocks trade lower. I need to see progress all the time, else I become morbidly miserable. Should these stocks piss me off anymore, I will sell them all and start anew. I will not say “that’s how I roll” because idiots say that. Instead, I cordially inform you that I am a master of artistic habit, which entails seeing things flow in a certain, mathematically perfect, way. Anything less than sublime is simply inferior to my standards.

All new buys have been halted (no Nazi) until this tape improves.

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Weakness Should Be Bought

There will be losers during the QE-unlimited era. However, if you have a good mind for this sort of thing, you should do well. My plans are constantly changing, with regards to stocks that I am willing to buy. Inside of The PPT, I am fixed on just one screen: Fly’s laboratory. It is spitting out winner after winner, characteristic with the time machine apparatus that it is!

Without QE, I am seller of stocks, entirely uninterested in dealing with the September-October months, traditionally onerous to long only players. But with QE, the Federal Reserve is bidding under the market, explicitly, hell bent on seeing asset prices rise. Having said that, a double entendre presents itself. The very fact that stocks “cannot go lower” and “everything should be bought” is inherently bearish for stocks. The moment faith is shaken, stocks will be beaten, soundly, like fools caught stealing from the mafia.

You should be on guard for such occurrences.

With today’s set-back, I am up 34% for the year, a fine showing for a gentleman of my status and stature. Furthermore, just now, I’ve decided to forgo caution and start a new position in a name I’ve referenced before.

Developing…

http://www.youtube.com/watch?v=aYsbk4CwZTE

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Goyim Profit Taking

All of the hot “china plays” are cooling off today, starting with coal. I sold out of my ANR, after just one day, because the industry is still impaired. Having said that, employees of NFLX should all get handicap parking access–because that company is fucking retarded. Nevertheless, I am still holding.

I have a few fresh ideas, like TTI, IDTI and GNTX. But I think today is a “do-nothing” day, designed to make me wait for stocks to come down. We have months of upside in this market and lots of skeptics out there, even after QE1 and QE2 success. Let the bears have a day or two, shorting stocks like chocolate eating gluttons. We will slaughter them all and dance on their dead skeletons.

The market is correct and the assholes on the teevee are goat-fuckers.

I am down 1.5% as I type this, complacent (no VXX), at peace with myself knowing that “The Bearded Clam” has my back.

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PUBLIC PARTICIPATION REQUIRED: Bullish or Bearish?

I am going old school on you wheeled chaired motherfuckers. Are you bullish or bearish? Answer the fucking question and don’t think twice about it.



SENTIMENT POLL

Are You Bullish or Bearish on the Markets?

Bullish
Bearish

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This is the Next Big Thing in Tech

I hate to mention it before I buy the stock. But I’m a charitable guy, generous in all forms sans patience and empathy.

[youtube:http://www.youtube.com/watch?v=bVEGASQhhQE 603 515]

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Media Treason

If my strong, powerful, political opinions bother you, turn your fucking computer off now. Hit that shit in the head with an ax and lock yourself in the closet.

Why is the media saying “the middle east is burning down American embassies and generally not loving us and shit” because of some stupid fucktards youtube video depicting “The Prophet” Muhammed as the clown that he was? Seriously, and I mean to directly insult the religion of Islam, as well as all other religions of childish fantasy, GET YOUR FUCKING HEADS OUT OF THE SAND (pun severely intended).

They are lighting shit on fire because they mean to kill you.

Why do they want to kill you?

Well, I am not interested in the reasons, for that delves into a subjective conversation. Let’s just summarize our relationship with the plebs in the middle east as “at war.” Don’t blame some psychopath on youtube, who is being sent to JAIL (by the way) for this, instead of the failure of the Obama administration to protect embassies and interests abroad. Why weren’t these embassies fortified? They’re in the middle of war zones, fucked faces!

I love Ben Bernanke and his magical powers of stock market madness. I’ve made millions in the markets–thanks to Ben. However, I don’t think it’s possible for me to sit idly by for another 4 years as this community organizer, organizes America into a jelly sandwich to be eaten by hungry savages.

[youtube:http://www.youtube.com/watch?v=aC8ARYXJgfs&list=UUGQ29J4BOwYWcQWMx_lMiWw&index=2&feature=plcp 603 500]

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Six Months of Free Money

I caught some really bad luck with AKS. Those fucked faces chose to issue an earnings warning today. Had they just shut the fuck up for a day, I’d be 9% to the good right now. Instead, I am off by 9%. I can’t complain too much, after an electric week– +34.5% for the year. I saw my assets rise and rise again, all thanks to turmoil in the middle east, Obama up in the polls and the Fed doing a little QE3–unlimited version.

During lunch today, I was sitting next to some broker. I can smell a broker out from 100 yards away. He was meeting with his old fucker of a client, discussing horseshit while praising himself. Note to young punk brokers starting out in the business: don’t try so hard. Your clients are just people, not Gods. Their net worth is only a small part of who they are and when you come across as “canned” or scripted, they know you are a piker-bitch-cocksucker. I fucking hate brokers and make it my business to scowl at them whenever possible.

As I prepare to leave the office, I see the market is reversing lower. I am not concerned and this is to be expected. Look at bonds, via TLT. Absolute carnage. People are taking profits. However, the point remains, we have at least six months of unmitigated upside in this market. Position wisely and take profits along the way. But rest assured, the Fed is going to make sure asset prices rise, in order to propel GDP higher.

Top picks: ATML, PPC, DDD

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Fly Sell: ANR

I sold out of ANR, for a massive 15%, top 3 position, one day hold win.

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GANGSTA SHIT

I’m up another 3% for the day, pushing my gains to 36% for the year. I warned you to cover your shorts and explained to you in very plain terms, “we’re going the fuck higher, for a long, long time.”

Fuck you shorts, you’re dead.

Based upon the absolute laws of mathematics, DDD is lifting higher. Additionally, I am banking egregious coin in PPC, ANR, ATML and yes, motherfucking NFLX.

Life as you know it has changed. Everything has changed.

I have a few buys lined up, even at these levels.

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