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
23,441 Blog Posts

Readying For My Next Round of Wins

You fuckers really have no idea what’s going on here. You come here, like a dog with bone, feeding off my sage financial advice—like homeless men on Park avenue. Some of you put the ingratitude aside, by way of subscribing to The PPT. Others email me with asshole suggestions, as if I need your advice.

Listen to me, I don’t need your advice now, later or ever. “The Fly” is in a league of his own, making retard bloggers, like TIM, look like babies shitting in the big boy pool.

With regards to the market:

I am hoping it gets harder. At this rate, I will book my first triple digit return since 2003. But, to be honest, as opposed to outright lying to you, it’s not about the money anymore. It’s about my winship, something you little fucking ball jugglers can’t fathom.

Why do I bother?

Here it comes:

“Fly, ummm, I know you’re busy, but can you please tell me when to sell.”

I get paid handsome sums of money, helping people CHANGE their fucking lives, by way of BALLOONING their net worth. Think about that, before you email me with asshole advice.

Off for a late night drive.

[youtube:http://www.youtube.com/watch?v=sLgdmGkAUz0 616 500]

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The Grandmother of All (burlap) Tops

I see the bearshitters, with the very eyes I have stuck in my head. They are prancing around, clad in florescent green spandex and brown burlap hooded sweaters. In case you wondered, yes, they do wear wooden clogs.

I see them outside of my office, as you read this. They are telling very tall tales of a pending crash, led by “bad companies,” who happen to make a lot of stupid loans. “It will happen soon and often,” they say. These same people, gleefully, call for armed revolution in America, in order to replace the current crooks with brand new ones.

Ladies and Gentleman of iBankCoin and from around the globe: put your cocaine straws down for a minute and listen to me, very quietly, to what I am about to tell you. Despite what the irascible men in burlap say, we are going higher. It may not be today or tomorrow. But, I assure you, we are going higher.

We will climb so high, so fast, investors will think the market was a scam— or some sort of playground for Lenny Dystra’s deep in the money call betting parlour [sic].

Into the next leg up, not really caring about timing (to be honest), I like my chances long DryShips Inc. [[DRYS]] , General Cable Corporation [[BGC]] , Flotek Industries, Inc. [[FTK]] , [[ENTR]] , Spartech Corporation [[SEH]] , TEKELEC [[TKLC]] , Barnes & Noble, Inc. [[BKS]] , [[RAX]] and Sonus Networks, Inc. [[SONS]] .

I am leaving work early, in order to enjoy the luxuries of a dental examination.

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It Won’t Last Forever

Despite my recent foray into shit (UTSI), I have built up a decent cash position, over the last few days. Do yourself a favor, you degenerate OTB guy, sell some stock. Lock in some gains and go buy yourself a nice lunch or a pair of jeans. Behave like an upright walking human being, for once in your life.

I will have you know, I am begging for a pullback, in order to execute buy orders on my watchlist. Just to put things into perspective, on The PPT, I created a 4g/Smartphone index (with tracking chart and all), launched at 100—no more than 3 months ago. The index has about 30 names in it, ranging in price and volatility: and that fucker is trading at 120 today—up 20%.

Look, the market is in bull mode: we all know and accept that (at least most of us accept it). Most of the easy money has been made. While it’s true, there are numerous stocks that are dirt cheap, even after this melt up; it’s also true, they need to chill the fuck out for a week or two.

Trade accordingly.

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Fly Buy: UTSI

I bought 75,000 UTStarcom, Inc. [[UTSI]] between $2.24-2.34.

Disclaimer
: If you buy UTSI because of this post, when you are sleeping, your dog will go nuts and bite you in the face. And, you may lose money.

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Throw Your Guns In The Air

Ok, this market is no longer just going higher. It is mugging the shorts of their money and their fucking lives. There is no rhyme or reason for this shit to keep spiraling higher, but it is. This brings me back to the go-go days of 2003, when the market bottomed out and catapulted 50% inside of a few short months. During that time, I made more money than God. However, if you recall, early 2004 offered early reservations to the cemetery, for those long semi’s. With that in mind, knowing this shit could end at any moment, I will continue to sell into this rally.

Early going the refiners are lifting off, led by Valero Energy Corporation [[VLO]] and Western Refining, Inc. [[WNR]] . Despite the market feeling slightly overbought, I like the action in DryShips Inc. [[DRYS]] and General Cable Corporation [[BGC]] .

On pullbacks, I will buy Spartech Corporation [[SEH]] , TEKELEC [[TKLC]] , Corning Incorporated [[GLW]] and [[RAX]]

[youtube:http://www.youtube.com/watch?v=WzxREVm91pQ 616 500]

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INDEUD!!!

This shit is just outrageously fucktastic to the upside. In no time at all, brokers will be hiring hookers to feed them lunch again and hedge fund managers will line their reception desks with wanna-be super models.

Life is good, as a bull. Nonetheless, I am taking this opportunity to liquidate some winners, in order to raise cash. Plus anyway, thanks to this psycho-path market, I have been unable to allocate funds to my new foreign theme. With the cash that I am raising now, I will do just that.

Unfortunately, for you, I have meetings towards the end of the trading session. Yours truly is blowing the fuck up in real life too, aside from my Blogfather status here. Into the bell, I like Flotek Industries, Inc. [[FTK]] , TEKELEC [[TKLC]] , Western Refining, Inc. [[WNR]] and DryShips Inc. [[DRYS]] .

Indeud!

[youtube:http://www.youtube.com/watch?v=ugpjfYA1hZ4&feature=related 616 500]

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Net Seller Here

I sold out of American Capital Ltd. [[ACAS]] , Holly Corporation [[HOC]] , [[UNG]] (fuck that ETF) and Hercules Offshore, Inc. [[HERO]] .

Cash position nearing 30%, while year to date gains are donkey dick large.

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The Liars Will Lie

And the real players will bank coin off the foreheads of stupid-ass bearshitters, Many of you bullish types are geeked out over the recent run, popping champagne corks during lunch and throwing $50 steaks on the restaurant floor—because it was cooked wrong.

“The Fly” is on a roll here, banging out successful trade, as if I had a deal with the devil. Speaking of which, beware of those who speak with a forked tongue. If you don’t know what I am speaking about, go back to your homofied NY Times crossword puzzle and sip on a soft latte from ‘Bux.

I am a net seller into this melt-up. I will take this run to remove some of my lesser quality names from the portfolio. You know, the names that were lighting my ass on fire 3 weeks ago; yeah, those fuckers are gone.

Finally, many thanks and praise to the stock Gods aka “The Devil” for gifting me with a larged cocked move in American Capital Ltd. [[ACAS]] today. I’ve got lots of shit to do today, so buzz off coffin stuffers.

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Today’s Winship: The PPT Made Me Do It

For more information on how NOT to be a pathetic loser, join The PPT for shameless detail.

UPDATE: “The Fly” is celebrating today’s wins, by way of drinking 40 ounces of malt liquor, letting off some rounds from my gun, while listening to this shit—REAL LOUD—in the richest part of Staten Island. LOL!!! I done lost my mind!!!

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

UPDATE II: Into strength, I sold out of TerreStar Corporation [[TSTR]] , Tesoro Corporation [[TSO]] , Valero Energy Corporation [[VLO]] , Level 3 Communications, Inc. [[LVLT]] and TeleCommunication Systems, Inc. [[TSYS]] . In other words, I raised some cash, by way of selling out of some of my bullshit stocks.

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