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

Short Sellers Beware

The dollar is down and oil is up; therefore, stocks will likely trade higher today. Most of my positions are green, merrily swimming around in a shark free environment.

Early this morning, MWA, caught an upgrade, effectively pushing Senor Tropicana in the black. And, as you can see, FNSR does not go down.

For the most part, I’ve got my positions worked out, sans and semblance if a real asset allocation program. I will be using strength to reshuffle my positions, in order to slow down my beta. My number #1 pick is still GLW, based upon robust LCD sales, worldwide. In my opinion, I think the stock prints $18, maybe $20.

Bottom line: If you are stupid enough to be short stocks today, you are playing with fire. All of the ingredients for a break the fuck out tape are present.

Trade accordingly.

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You vs. The United States of America

Think about, fuckhead.

You trying to beat the U.S. out of the bank game is like trying to beat a long legged Ethiopian out of a marathon race. Your fat ass will come in last, each and every time.

Seriously, what did you think would happen? You didn’t think the U.S. would allow its empire to crumble at the hands of dumbass mortgage players, did you? While you are over there, acting a fool in front of your youtube audience, the lie is becoming the truth.

Everything is perception. The market is all about fucking with people’s heads. None of this shit is real. I work my ass off to receive some stupid paper, that is printed at will, by some new world order fuckers at the Federal Reserve. What sense does that make?

Yet, here I am collecting enough logs to fill a forest.

The market may trade lower, based upon traditional supply/demand equations, not some “end of society as we know it” type of trading.

When stuck in your ways, enamored with your own thinking, remember, you are nothing more than a speck of dust on top of an eagle’s ass, compared to the people who profit from this country’s immense prominence.

UPDATE: Best fucking toothbrush even invented.

I will send the bastards from Oral-B my invoice, shortly.

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Big Pun – Boomerang

[youtube:http://www.youtube.com/watch?v=EYLIRHYoYr8&feature=related 616 450]

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Shorts Josh’d in Late Day Surge

The late day weakness in the dollar resulted in a frantic short squeeze, much to the chagrin of the DevilDog crowd and others of his ilk. When will you silly bastards learn, there are mustard seeds everywhere. There is nothing you or your stupid friends can do to stop the ongoing rally.

My friend, buddy, pal, Danny, has a chart up that will blow chunks all over your face, whatever the fuckle that means. Shit is going up and down, all at the same time. People with 3rd grade math skills would deduce the market is trading sideways, with a very bullish bias.

So you know, “The Fly” has been busy dealing with general contractors (getting work done on house, ready to sell it), while juggling the responsibilities of an egregiously busy money management business and dealing with you bastards here on iBC and PPT. Needless to say, excess time is not a luxury nor a right for Senor Tropicana.

Bottom line: I liked the action in select banks and tech. To play the new iphone, I love OVTI, in a very manly, non-gay way. Also, I like TRID, FITB, GME and of course FTK. Accumulating FTK has become a hobby of mine. I sort of just hang around and say” hey, here’s 100k, let’s buy more FTK.”

The market trades up tomorrow. Position accordingly.

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Watch the Dollar

This sell off  is not scary at all, sort of like a baby pointing a loaded pistol. It’s true, I am losing some hard earned coin today; but it is a necessary development. I want to buy stocks on a dollar reversal to the downside.

Watch UUP.

God willing, this sell off will create some bountiful buying opportunities, specifically within the oil/gas space. I am using ERX, as my go-to ETF, to buy the industry in durress.

Once again, MVIS is taking the fuck off and OVTI, FNSR and FITB are holding up rather well, despite the DevilDogged Monday.

“The Fly” is fighting off egregious allergies and zombified bearshitters, all at once. My advice, wait for the dollar turn, for it shall set you free.

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Saturday Night Fact

No man knows what he is doing, more than me, in the entire galaxy.

Think about that, while sucking on a few lemons.

UPDATE: “You’re internet hot”

[youtube:http://www.youtube.com/watch?v=4GdB30O0zt4 616 450]

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GSbot Wins Again

It was a great game, watching the Goldman Sachs robots battle the UBS robots for market dominance today. At the end, the GSbots edged out UBS, via an egregious buy program on the Dow 30, effectively “Joshing” all shorts into the bell.

Please avoid the low hanging fruit of [[FAZ]], for they are poisonous.

I had a good week, with big dicked gains, enabling me to have visions of grandeur, aiming for triple digit returns. Howsoever, I am sure Mother Market has a few brass knuckled punches in store for my face, so I may need to slow my roll—bet against myself or some shit.

The action in technology is the best since the dot com days, let it be known. Stocks like [[AAPL]], [[RIMM]], [[ALU]], [[RFMD]], [[ARUN]], [[CSCO]], [[BRCD]] etc, run higher every fucking day.

“The Fly” has a specific road map plotted out, in order to protect his gains and clear the way for an epic/record year.

It was a great week and yes, “The Fly” wins again.

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