iBankCoin
Joined Jan 27, 2008
7,404 Blog Posts

New Year Update

Nobody knows the outcome of tomorrow’s report, do we rally? do we sell off? Personally, I think we are in better shape to rally tomorrow if we close in the red today. I don’t want to see any strength into the close, none.

As far as my trading this year, I have done little, not many trades to speak of. Here is how I’m positioned going into tomorrow’s number.

Long UYG, Long SRS

Long a few small caps just incase we rally further: JASO & CLNE.

To me it make sense to be long a few small names, especially the ones Obama endorses. These names could easily double in a months time, should the bulls come out to play for the first quarter.

When next week begins, I feel we will have more of a normal market. We have yet to see any volume come in and lord knows there is a lot of money waiting to pile in. If you’re getting antsy to put money to work it might be best to wait until tomorrow afternoon.

Better yet, if you wish to make a trade, call your bookie and take Florida.

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BIDU Breakdown

Here’s another look at BIDU. Yesterday it broke down from our ascending triangle, which would have been a perfect short opportunity. Regrettably I missed this one, but it may have more room to fall should it break the $120 level. Keep it on the radar.

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Tim Tebow’s Girlfriends

We interrupt this trading day with a quick special on the women in Tim Tebow’s life.

Lucy Pinder seems to be Tim’s main squeeze, but reporters say he’s not dating anyone at the moment.

He has also been spotted with the infamous Florida State hottie, no one can confirm this, but damn what a nice win if true.

When the other two hotties are no where to be found he settles for his 3rd choice, the petite princess.

Tim, we at iBankcoin salute you. Job well done! Now go whip Oklahoma’s ass, and show them what the SEC is all about.

Go Gators!

Disclaimer:Long Florida

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Sold Some SRS

I sold what I bought yesterday today @ 54.45. I’m still holding a small position in the long-term account, and have plans to sell it at much higher prices.

The mood today feels bullish, we got the pullback most were looking for to jump in. I believe the report tomorrow will not be as bad as predicted, and even if it is, we still will rally.

Today I bought some UYG @ 5.50, as the financials are showing some mojo. Alternative energy is also looking good this morning, and I’m looking to add CLNE. Note: I still own JASO

My mood: I don’t want to be short this market, we are about to melt up. I hope you have your UA heat gear on.

Note: JakeGint wins again, refiners looking great.

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A Look Inside SRS

Here are a few components that make up SRS. Many of the REITS are bumping up against trendline resistance. Should the market crater, SRS should fly like the good ol’ days.

However, with the dip buyers out, I would not be surprised to see a few of these names break out further, enabling SRS to become FXP like, if you know what I mean.

When it’s all said and done, SRS will print $1,000 as Devildogs predictions come true. But, in the meantime, bulls love this “healthy pullback”, so watch for a massive rally in stocks after the jobs report on Friday.

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More SRS Please

I added to my position in SRS @ 51.95.

DT mentioned EEV, which I also like, but decided to go with the old friend, SRS. Some of theses REIT names have been absolutely on fire, the deserve to trade down.

Also, take a look at the oil names being shot, I like a bunch of them short– paired with DXO of course. Don’t forget coal, just the other week JRCC was in the low single digits, no way it belongs where it does.

How about HANS short? Fly ping’d me the other day sayting it might be time to short HANS, due to the distribution deal with 180. That stock has been on fire as of late.

Case in point: Shit has been flying, time to take ’em down.

Note: don’t forget the line in the sand.

Note II: Jobs report on Friday, I expect weakness until the numbers are released,

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