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
23,447 Blog Posts

Fuck You Shorts, You’re Dead

They played you like a cheap fiddle, drawing you into the vortex with this morning’s SPR release. Your dog sized brain bought TZA in size, thinking “oh boy, this is it. They world is going to explode.” Then, all of a sudden, as you watched in horror, gyros starting flying your way, catapulted from abroad. The news read “Greece and EU/IMF strike deal for austerity plan” and your heart stopped beating.

See folks, this is what you get for fucking around with the established elite. You are fighting a losing battle. Might I add, The PPT is firmly wired into the machinations of the important money flow. Hence, today’s unrivaled OVERSOLD call won again.

I like the stocks that I own here, as well as the semis. They are cheap and should be bought throughout the month of July.

For the day, I extended my winship, up another 0.8%–putting my year to date gains at around 3%.

[youtube:http://www.youtube.com/watch?v=cVeNq0K1-GQ 616 500]

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Let the Blood Flow

I am completely immune to the market here, as I am on fucking fire. With the market down almost 200, I am down less than 0.4%. I am heavily positioned in CLF, WNR and cash. I own decent amounts of BGC, TZOO, CY and EXK too. However, for the most part, I am all CLF and WNR.

I bought EXK today, knowing I am early. I am tempted to get long oil too, via UCO. But I’d rather buy it after another flush to the high $80’s. The release of oil is a complete joke; you need to understand that. It’s purely political and has zero ramifications on the demand/supply relationship of crude. The amount released is equal to 1.5 days of consumption, so there.

My preferred long oil vessel is UCO. I am no longer bullish on oil equities; it’s too hard. I’d rather play the commodity itself.

Keep in mind, I am not particularly bullish right now, despite my demeanor. However, I am very much interested in buying dips and selling rips.

[youtube:http://www.youtube.com/watch?v=4LLylhgR3uM 616 500]

At the moment, my cash position is 11%.

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OVERSOLD

Believe it or not, The PPT is flagging OVERSOLD again. But wait, it gets better.

ZSL is also flagging OVERBOUGHT. Had you bought ZSL when The PPT flagged OVERBOUGHT, you lost 15% of your money 12 out of 13 times. The obvious play is to go long SLV, AGQ or silver related names. Also, USO is flagging OVERSOLD on our new 3,6 and 12 mo algo (still in beta). The track record is almost flawless, with USO advancing 12 of 13 times for an average gain of 4.76%. It’s worth noting, both are 10 day holds.

As a result of the Overall Hybrid OS, I added to my TZOO position. And, I have multiple buy orders in place, ready to be executed.

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The Cock and Hammer Formation Strikes Again

Now you see what happens when the ominous “Cock and Hammer” formation takes hold of investor sentiment. The results can be catastrophic.

As an aside, The PPT nailed the top of this range to the exact day. Moreover, I managed to sell my TNA several days ago, at the top of the range.  This is what happens when you SHOMP (sublime harmony of mathematical precision) around for a living. While many of you fucktards tool around with charts and farts, I am building financial tools that calibrate trading to a science.

For most, having access to such a device for the cost of a NYC breakfast is too much. I understand a great many of you are receiving food stamps and can hardly afford to read this blog page. Once again, I understand your plight, while eating beluga.

Intra-day, I am down less than 1%, after gaining 10% over the last two trading days. I am glad to be out of oil, as that shit is getting murderhole’d. My new positions, TZOO and DHI are holding up rather well, while YGE tracks the fuckery of the rest of the market.

There are opportunities everywhere. You just need to open your eyes.

[youtube:http://www.youtube.com/watch?v=doeFtpj83fk&feature=related 616 500]

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Join Me At StockTwits

Come chat with me on StockTwits at 11:30, where I will ignore you in real time. Also, I have a special surprise. I will be revealing my latest “Chart Art” exclusive on StockTwits, my take on the SPY.

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The Final Destination

I am expecting a mild sell off, after days of gains. For the love of fuck, I am up 5%+ right now.

I sold out of big positions: AG and CVI. I bought a little more CLF and started new positions in YGE and DHI.  I kicked out HOGS when it was up a buck and took a minor loss in VIT and SOHU. I am keeping everything on a short leash.

Considering my cautious stance, I upped my cash levels to 15%. I am not in a rush to sell everything, mainly due to my overweight exposure to WNR, now more than 30% of assets. I know it’s a lot and is not “safe” in the traditional asset allocation sense of the word. However, I am emphatic about the prospects of the company. Plus the voices in my head tell me to buy as much as I can whenever I can.

I am now up for the year and in a position to buy dips. Keep in mind, 15% of my assets is like everything you could possible save during your lifetimes, multiplied by a factor of 1 zillion.

Life is good and my pimp hand smacks the teeth out of the mouths of those who act against me.

On a side note, you are all cordially invited for a Q and A this evening, on StockTwits, from 11:30pm to midnight. I would do it past midnight. However, as you know, at midnight, I turn into a vampire bat and fly away.

[youtube:http://www.youtube.com/watch?v=gBr-PUtS_d8 616 500]

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