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
23,418 Blog Posts

Beware of the Rally Made from Shit

All sorts of alarms, flashing lights and warning signals are going off in “The Fly’s” office.

Just know, when the shit hits the fan (pardon my excessive use of the word “shit”), “The Fly” will not be able to help you. You must have a game plan ready for the pending reversal.

Oh, it’s going to be awful. It will look like the end of days, part II—with all of its trimmings.

This rally is being fueled by speculative fervor. All of the low-end stocks are melting up, but the big ones are down. This tells me, we are close to a correction.

Make sure to be hedged.

Currently, I am short [[POT]], [[MER]], [[LEH]], [[FED]], [[DSL]], [[FHN]], [[CORS]], with downside exposure via [[SKF]], [[SRS]] and [[FXP]].

My bias is slightly to the upside, but will switch rapidly—as needed.

Comments »

Shoot for Shit

Most likely, we are in the extreme latter stages of the rally. To borrow a phrase from someone in the comments section: this is the seeds and stems rally.

Stocks like [[MXC]], [[GEOI]], [[FPP]], [[ROYL]], [[SYNM]], [[MPET]] and [[PDO]] are just rolling on bears, while some of the bigger names sit the rally out. Cajun and I nailed MXC at $8, but failed to act.

Anyway, during the “seeds and stems rally,” you want to be long the most hated/reviled names, with tight stops.

For example: ethanol, networkers and refiners.

Is there a sector more despised than ethanol?

They’re fucking burning corn, while the world starves. Sweet.

Within ethanol, I own [[VSE]], [[AVR]] and [[BIOF]].

My watch list includes:

[[PEIX]], [[MGPI]], [[RTK]], [[CZZ]], [[GPRE]] and [[XNL]].

Within the refiners, I am long [[VLO]].

My watch list includes:

[[CLMT]], [[TSO]], [[HOC]], [[ALJ]], [[DK]] and [[SUN]].

Within the networkers, I am long [[FNSR]] and [[EQIX]].

My watch list includes:

[[MRVC]], [[CNXT]], [[SVVS]], [[AVNX]], [[RVBD]], [[INAP]], [[TLAB]], [[JDSU]], [[LVLT]], [[SDXC]] and [[LLNW]].

Comments »

Fly Buys: AVR, VSE, AUY, PCZ and FTK

I bought 5,000 [[AVR]] @ $5.50, 10,000 [[VSE]] @ $7.25, 2,000 [[AUY]] @ $15.30, 2,000 [[PCZ]] @ $59 and 5,000 [[FTK]] @ $18.50.

DISCLAIMER: If you buy any of the above stocks because of this post, your neighbors will spread false rumors about your liquidity. And, you may lose money.

Comments »

Boom Shacka Lacka

Keep in mind, at the time this post was written, “The Fly” was under the hallucinatory affects of massive doses of allergy medicine.

No one can stop me. I’m like Batman (the new “cool” one, not that homo from the television show) beating down Jokers (bears), while pulling boats and RPG’s from my “utility belt” and shit.

As you know, “The Fly” has multiple wins taking place today, specifically in [[FNSR]], [[VSE]] and [[FTK]].

I just buy what makes the least sense; then lo and behold, I end up rich-er.

Shocker.

I sold off some more [[SKF]], in order to make room for more longs, such as [[PCZ]] and [[AUY]]. I’ll have you know, gold is going higher, again.

Look you, there are 1 billion/trillion reasons why the market should “shit the shower” then die like a filthy pig. However, since our Government is no longer intrigued by viscous market declines, we no longer have to endure them.

It’s that simple, in a “unfree” market.

Just know, I’m always trading on eggshells, sensitive to every tick. For now, I am happy to go long and milk this “Government rally,” much to the bears’ chagrin. However, I will switch and leave you bull fuckers at a drop of a hat, without notice.

For now, enjoy.

Comments »

Late Night Thoughts

Oil to $150.

Natty to $15

Dow to 15,000

Euro/Dollar to $1.50

S&P to 1,500

Boo-fucking-yah!

UPDATE: Gold to $1,500

UPDATE II: O’reilly is a God

[youtube:http://www.youtube.com/watch?v=2tJjNVVwRCY 450 300]

Comments »

The Final Blogging Lesson

Listen up, for you rarely get to see inside the mind of a creative genius (“The Fly”).

For the purposes of explaining how to blog with Godliness, I will use Lord Ducati, from Land O’ Fuckville, as an example. As you know by now, most things in life revolve around Ducati, one way or another.

It is telling enough that this man (Ducati), who I hate with all my soul (yes, I said hate), gets so much airplay on iBC. Fuck, we even wasted our time making a video about him.

Part of it has to do with my insane sense of humour (sic). But, most of it has to do with the genius and stupidity of Lord Duc.

See, Ducati’s blog is meaningless rubbish (I refuse to link to him out of protest). He offers no real advice, just a bunch of copy and paste crap—with lots of innuendo and vague suggestions. Duc is like a gay woman, who fools everyone else about her true gender. You look at her and think she’s a he—but she really is just a she with a very large adams apple and short haircut. I hope that made sense.

Don’t get me wrong, Ducati is very intelligent. He understands the basic principals of the market and is well versed in mathematics. His stupidity is well based in his over the top annoyance and lack of real opinion. He’s a meatloaf thrower, if I may be so bold.

At the same time, his pestering and willingness to have a discussion with complete strangers, for hours if need be, is his greatest strength.

He is a master promoter of his own bullshit blog, without even knowing it. He leaves his bullshit, yet thoughtful, comments on dozens of blogs—especially popular ones. By doing this, he creates a brand—which is “The Ducati.”

The key to being a successful blogger, assholes, is to brand yourself. First, you have to possess all of the basic qualities that will attract people, such as: intelligent/entertaining posts, good syntax, and most importantly, the willingness to engage your audience.

After you have that down, you need to get out there— and make yourself known. Some do it via leaving comments on other big blogs. Some do it by spam—or offering Godly services for free. And, a very small minority get lucky.

With regards to iBC:

Many of you make the mistake, tabbed and non-tabbed bloggers, of only catering to the iBankcoin audience. This is a foolish error.

See, your shit is already here. The site gets good traffic; but you should get out there (blogosphere) promoting your own brand, in order to build a loyal audience. If you were smart, you’d bring in your own audience and simultaneously feed off of iBC. Unfortunately, many of you are not smart. Too bad.

Consider “The Fly” the “Blog Godfather” and you’re my fucking soldiers. Go get me my money (traffic).

I say these things because, sometime soon, iBC will be opening some doors for many of you Peanut Gallery posters, including an opportunity to monetize your thoughts. Just know, blogging is a poor mans job. However, if done with precision and Godliness, you may one day be successful enough to make “The Fly” some more coin.

Godspeed

Comments »