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
23,532 Blog Posts

Stupidville

Quit worrying about valuations or charts. Stocks like [[X]] will go up forever, thanks to the “global growth story.”

All day, “The Fly” was busy throwing small hand axes at a bag of egregious fertilizer, with a sign that read: “KILL POT NOW” on it. That fucking stock is going to be the death of me, one way or another.

Oil is going to $400. Write it down.

Today was a mixed day for me, with gains in [[FMCN]], [[FXP]], [[SKF]], [[SRS]] and short [[LEH]], while enjoying “elephant kicks” to the chest in [[NILE]], [[NVDA]] and short [[POT]].

A bunch of ridiculous Chinese stocks took off, feeding the retard crowd. And banks shit the shower.

Select foreign stocks, like [[MELI]] and [[BIDU]] did well. However, I view those moves as outliers, due to overall bearish activity.

In short, I am market neutral, with a bearish bias on the banks and brokerages.

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Beware of False Optimism

Sometimes I see things, that cannot be seen by mortal men. Right now, almost everyone I know is bullish. I see the most negative people in the world, Ducati included, are now big time bulls. I see Chinese Solar Burrito stocks running, while the market, and many sectors, are in their 7th week of extreme rally.

On my old blog, I noted a theory that entailed avoiding stocks during its 7th week of a rally. It is a non-scientific market timing strategy. I had used this strategy to time my sells, during past “bubble runs.” Had I listened to my own advice, it would have saved me a fucking “clown van” full of money, via not buying [[XFML]] last year.

Right now, the market has a feel good tone to it, as everything melts the fuck up, thanks to “money from the sidelines” piling in. Just remember the pain you felt a few short weeks ago, when the world was ending and your house was nearly foreclosed on.

Don’t look now, something is fucking fishy over at [[CFC]]. Aside from that, the banks looks damn toppy, for a trade—at a minimum.

Once again, I like [[SKF]] and [[FMCN]] here, for a pair trade.

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A Dickly Update

Check me out at my new boiler room, Ladenburg Thalmann, ticker [[LTS]].

Dick Bove, Bucket Shop Analyst, LadenBurg  

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God Bless Oil Companies

With oil approaching $120 per barrel again, thanks to some fucking cavemen in Nigeria, we all should be kissing the shoes the oil companies walk on. See you guys are too stupid to understand what’s going on. “The Fly” understands and is on top of this oil boom, like a cat on a milk bowl.

I am thrilled to pay more at the pump, positively thrilled. We, as Americans, have a duty to support the oil interests of the Middle East, in order to create jobs over there.

Why worry about Ohio, when there is plenty of shit going on in Dubai?

See, we live in a “global world,” where everything is one, aside from heart disease—which still belongs to us. However, [[MCD]] is trying to remedy that. Anyway, do not get upset at the oil companies for raping you at the pump. Your hard earned money is “building a bridge” to our “friends” overseas.

On today’s oil spike, a myriad of stocks are screaming higher. My favorites are [[BEXP]], [[GLBL]], [[EOG]] and [[OXY]].

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Fuck the Banks, yet Again

The banks are up too much, too quickly. I am selling out of all my banking plays, with the exception of [[LAZ]]. In addition, I will redouble my efforts betting against the morons at [[LEH]]. And, just to fuck with Ducati, I will triple my [[SKF]] position.

Aside from that, I am looking to milk a few pesos from [[NILE]]. The company is due to report earnings tomorrow. Honestly, being long the stock into earnings scares the devil out of me. I want to pare down my position prior.

Long [[FXP]] and [[FMCN]] makes sense to me. And, long [[REW]] and [[NVDA]] seems like a winner. By the way, NVDA is due to report numbers this week. Scary.

At the moment, money is coming out of tech/financials and going back into “ag plays,” much to my chagrin. Oh Lord I despise the shares of [[POT]]. My short position is very small, so do not think I am worried—because I’m not.

Fuck you.

Nonetheless, I will be patient.

Top picks: SKF, FMCN

UPDATE: ISM data showed growth. Full steam ahead.

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Bears Eating YHOO’s Brains, in Early Trading

When visiting this blog, keep in mind, I do not want you here. You are unwanted guests. If it were up to “The Fly” there would be no traffic stats to speak of, just asshattery.

With that being said, my year to date gains are still more than yours, upwards of 12%. I have vast amounts of cash and little in the way of future profits, considering I am traveling in a “pimped out” time machine.

For those of you who doubt the Godly nature of “The Fly,” you shall and will be tracked down and have jelly donuts punched into your chest, especially coming out of elevators.

Finally, it’s worth noting, shares of [[YHOO]] are receiving two “homo hammers of death” to the cranium, as its CEO “Yangs” shareholders with his gay ways.

Developing…

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Campaign Commercial: Elect CuervosLaugh

[youtube:http://youtube.com/watch?v=q3abMzNazfM 450 300]

NOTE: This has been a paid advertisement by the “Elect Cuervoslaugh” campaign.

UPDATE: We are doing some early polling on the coming elections. Go vote.

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