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

GYEAH!

For those of you who bought when everyone else was “FAZZING” themselves to death, go splurge. Get over to your local bodega and buy yourself a 40oz. bottle of Colt 45 Malt Liquor and a few bags of peanuts for dessert. You’ve earned it.

For the rest of you:

You DISQUSt me. I insist, stop reading my words, else I will have my IT guy develop a special infrared light that will blind you.

I don’t come here to prove how smart I am, through sheer tenacity and super human IQ. I come here to blog, because I do it better than everyone else. If I was just some regular jack-off, wasting the day with charts and empty claims, I’d shoot myself in the face with a fucking Howitzer.

Luckily, I am “The Fly,” better known as Le Fly in Paris. I never lose and I don’t like people; which, incidentally, makes me the perfect blogger, mainly because I don’t give a fuck.

The uptrend is intact. The market is going higher. Prepare to win again, gentleman of the internet. Prepare to win.

Off to spend some fuck you money.

[youtube:http://www.youtube.com/watch?v=HocpVeP9BPI 616 500]

UPDATE: All welcome COACH COFFEE.

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Assume the Position

After seeing “The Fly” nail this market like a fucking space alien magician, for the better half of three years, you’d think the assholes (many of you) would refrain from offering me financial advice. But no, you fuckers know exactly why Corning Incorporated [[GLW]] should not be bought, since its little chartsy wartsy is all fucked up. Do you morons listen to yourselves when you talk? For the love of green telephones and yellow curtains, I could give a rats ass about your fucking charts.

I buy stocks based upon a thesis. In other words, I am investing, while you are simply gambling away your inheritance.

Based upon what I know, you fuckers have no right to speak to me. As a matter of fact, from now on, if you corn cob gobblers want to talk to me, forward any and all questions to WOODSHEDDER first. We’ll set up an interview for you and determine whether you are worthy of wasting my time. Let’s face it, no matter what you have to say, it’s an abject waste of time for me.

Into the bell, I am slicing the heads off bears, as if that shit was legal.

Top picks: POSCO (ADR) [[PKX]] , Corning Incorporated [[GLW]] , TriQuint Semiconductor [[TQNT]]

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Fly Buys: SQM, GLW, GES, PKX, ALGN

I bought 5,000 Sociedad Quimica y Minera (ADR) [[SQM]] @ $37.45, 5,000 Corning Incorporated [[GLW]] @ $14.71, 2,000 Guess?, Inc. [[GES]] @ $35.50, 2,000 POSCO (ADR) [[PKX]] @ $103.24 and 3,000 Align Technology, Inc. [[ALGN]] @ $15.75.

Disclaimer: If you buy the above stocks because of this post, the next time you have a swaray, some asshole will serve you with a fake subpoena. And, you may lose money.

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Bears Icy Cold

“Not even close, fuckface,” will be the final words of Senor Tropicana, just prior to him leaving the Earth for good, off to his home planet. Much to the chagrin of the bears, m&a is back in force, as evidenced by today’s action in Brocade Communications Systems, Inc. [[BRCD]] . Believe you me, there are many deals to be done. Over the last few months, middle market deals are on fire. It’s only a matter of time before you see big firms start swallowing smaller names, like Aruba Networks, Inc. [[ARUN]] , ValueClick, Inc. [[VCLK]] or [[MWW]] whole.

Once again, my experiment in mathematical precision was a success. By this I mean, The PPT gave you the exact bottom in the market, to the day.

With my money, as you know, I’ve been buying General Cable Corporation [[BGC]] , [[MWW]] , IAC/InterActiveCorp [[IACI]] , Corning Incorporated [[GLW]] , Guess?, Inc. [[GES]] , POSCO (ADR) [[PKX]] , Sociedad Quimica y Minera (ADR) [[SQM]] , ADTRAN, Inc. [[ADTN]] and TriQuint Semiconductor [[TQNT]] —just to name a few.

With the market lifting off here, all bets are off. The bears are about to fall victim to this sort of shit.

At any rate, “The Fly” is pleased with today’s action, while boiling over mad at the shadows near my favorite urinal. Those fuckers keep telling me to sell stocks. One of those fuckers just pissed me off so much, I knocked him into one of the idle the soap containers.

On a closing note, DISQUS is a shitty comment tool. Any blogger worth his salt, or possessing a modicum of self respect, will never use such a lowly software application on his/her blog.

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Coming Soon

The Real Coach Coffee, live and in color.

He will teach you how to play basketball, trade stocks, blog and how to pick up chicks, all the while yelling at his dog for pissing on the refrigerator door.

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Get Ready to Lose Again

Just like fake moon landings, the bears are delusional in thinking their prospects for making money are increasing, with time, as we head into the “fuck you, you’re dead” part of the year (October). So you know, “The Fly” bought more stock today, into weakness, effectively reducing his cash position to about 30%.

There isn’t much to say, other than, I will win again.

My game plan is simple:

Be patient. Buy small, even on spikes. I will tip toe through October and ROAR into November with my fucking guns cocked, aiming for asshole “turkey bears.”

Off to dinner.

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Fly Buys: ADTN, GLW, TSTR, MWW, IACI, PKX, BGC

Furiously chopping carrots, with my balls in the mix.

I bought 1,000 POSCO (ADR) [[PKX]] @ $99.99, 1,000 General Cable Corporation [[BGC]] @ $36.65, 5,000 Corning Incorporated [[GLW]] @ $14.65, 5,000 TerreStar Corporation [[TSTR]] @ $2.05, 5,000 ADTRAN, Inc. [[ADTN]] @ $23.60, 5,000 [[MWW]] @ $16.10 and 5,000 IAC/InterActiveCorp [[IACI]] @ $19.28.

Disclaimer: Follow me at your own peril.

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Prepare For Reversal

I’m not saying a reversal is necessary; but it would be nice. A little buy action, on a Friday afternoon, would brighten up the day, for Larry Kudlow, Dennis Kneale and yours truly. I know all of the employment data is a bit disheartening and the men with burlap shirts (bears) are very boisterous, on this day of our Lord. However, something tells me, through messages delivered via the air, that we are due for a bounce.

On this dip, I will continue what I started yesterday. Today, I will buy [[MWW]] , IAC/InterActiveCorp [[IACI]] , Corning Incorporated [[GLW]] and General Cable Corporation [[BGC]]

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THE END IS NEAR

Men with hunched backs, smoking crooked cigars, declared victory today, by way of sucking the capitalization out of the market. Despite being wrong for 200 consecutive days, today is their day. Let them bask in the glory of dominion, over the hapless bulls and their stupid ideas of progress.

They declare: “In order to correct this superfluous economy, we must bring it to its knees.” Such brave men, from their PC trenches, hit sell buttons, while twittering about their excursions into “enemy” territory. “It is the Government that sucks dick,” they shout from shingled rooftops.

With large signs and fat bellies, they partake in “Tea Parties,” mainly to reacquire their country from the current assemblage of Stalinist yardbirds at the White House, in exchange for George Washington himself.

They will resurrect him from the dead, through diligent hocus-pocus, sufficiently saving this great nation from the horrors of Chinese prison factories.

Nevertheless, despite all of this, “Senor Tropicana” stepped in today. He did not step in too small or too big, but just right. He stepped into shit, then wiped his $450 Bruno Magli shoes all over your rugs. Today’s buys represented faith, not much more. I do believe there is another 1-2% of further downside. However, according to The PPT and recent history, today was a day to buy, not sell.

[[youtube:http://www.youtube.com/watch?v=dQ3WKsxTJSw 616 500]

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Fly Buys: PKX, GES, TQNT, GLW

Testing The PPT and its bottom calling ability, I bought the following:

I bought 10,000 Corning Incorporated [[GLW]] @ $15, 2,000 POSCO (ADR) [[PKX]] @ $100.55, 20,000 TriQuint Semiconductor [[TQNT]] @ $7.05 and 5,000 Guess?, Inc. [[GES]] @ $35.99.

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