iBankCoin
Joined Jul 30, 2008
2,107 Blog Posts

Protect & Destroy! Trades: Covered PCX +26%, YGE +52.85% ; New longs PALM, CBOU, STAR; New shorts APOL

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Completely covered shorts: 
PCX 6.09  +26% short at 6.44 ( for PCX-short rational click here )
YGE 10.14 +52.85% short at 15.50 (for YGE-short rational click here)

New longs: 
PALM (14.61)
CBOU (5.28)

New shorts:
APOL
(65.71)

I just destroyed the energy sector.  I’m covering a few of my insane reversal plays on coal (PCX) and solar (YGE).  YGE has been dropping like 10% a day, it brings me joy.  Talk about major surf!

After watching the market fall for a few days straight, I felt it important to buy more longs.  I went with CBOU (coffee) on the dip, and PALM which is heavily shorted (wrong stock bears).  I also like STAR and ORCC but will play those later.

As you can see, my next target sector to destroy is education.  I actually have two target sectors (besides retail)… 1)  school fade , and 2) death to exchanges.  Take a look at them today:  CME and ICE getting pounded.   Something about hackers?  Well, I’ll have to short on the second correction.

Burn suckah burn!
g
iBankcoin
o

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13 comments

  1. Gio

    VIX hit 32 today, which means you should probably be taking some profits in shorts in if you were betting against the market at VIX 28. This VIX is moving up too fast. Still, there’s some breakdowns out there that have developed according to plan. check out RC’s charts: http://ibankcoin.com/rcblog/2009/07/02/breakdowns-everywhere/

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  2. The Fly

    you are killing it.

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    • Gio

      Other shorts down today…
      NCTY -6.55%
      TRLG -3.9%
      CSIQ -9%

      However, I’m getting a strange feeling that a China bull is gonna run me over from behind. nevertheless, they suck today… CMED, NTES, CTRP

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  3. Keith Shepard

    Sweet ass trades, Gio. CBOU looking interesting.

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    • Gio

      what up keith. I bought CBOU because I have too many shorts. plus the caribou got murdered yesterday. as long as PEET doesn’t collapse I feel okay with buying CBOU.

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  4. Gio

    GOOG’s new android2 phone rumored to release soon. time to dissect the components.

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    • Mitch

      yeah it is coming out beginning of August maybe late July.. I have one here since I work for T-mobile and have been playing with it the last couple days.. it is a pretty sweet phone. Should be a big seller.

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      • Gio

        Is it the HTC? Let me know if there’s some other phones coming out. I need to upgrade my Curve.

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        • Mitch

          Yeah HTC made it.. there is gonna be the Touch pro 2 coming August 8th and there was a Dash 2 that came out today both from HTC as well.. The touch pro 2 is going to be big.. T-mobile has been in need of some nice windows mobile phones for a while. Blackberry is going to have a 3g capable phone coming probably sometime in september.. and there are a few new samsungs coming out.. just all depends what you want.. quite a bit of new stuff coming out soon though.

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          • Gio

            You are awesome-ness. Keep me posted k. I want my phone to destroy all other phones.

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            • Mitch

              You’ll prob want to wait till october then.. we are going to be coming out with a Transformers inspired phone.. similar to that one they had in the cage in the first transformers.. from Nokia. Shoots off missiles and flame throwers and shit when you get a call or text… just gotta be careful about leaving it in your pocket.

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              • Mitch

                For real though when you find a phone you like, let me know and I might be able to figure out a way to hook you up for all the effort you put into the blog. It’s helpful for a newbie like me.

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                • Gio

                  u da best. = ]

                  …i also want a phone that has a magnetizing effect to beautiful single women. and also will bring world peace and cure skin cancer.

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