iBankCoin
Joined Jan 27, 2008
7,405 Blog Posts

Winners

First, I would like to say congrats to Jake for winning the tabbed blogger posiiton. I hope you’re ready to be treated like a slave.

Second, I would like tell the rest of the gang, Job well done. We had a bunch of great content this week in the PG, and it’s a shame that only one could win. Good work guys & gals!

And, now for the Final Four Trophy presentation:

The winner of the second annual MadStock Tournament goes to…… Wabisabi, with his short pick in [[TZA]]. Congratulations for seeing that all 3x ETFs need to be shorted.

Note: Goldie had the best stock performance through the whole touney with his pick in STP. If you would have bought [[STP]] following Goldie’s pick you would be up a cool 176%

Job well done guys. Drinks for everyone!

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I’ve Had A Monster Run

Time to take profits @ 875

Selling half my [[GOOG]] position @ $393, Taking some [[WTI]] off the table @ $9.20, Selling Half my [[UA]] @ $20, Selling [[AAPL]] here @ 123.62, Sold my calls in [[PALM]].

Holding onto my solars, for now.

And, Bought some [[FAZ]] @ 8.60

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Fun Times

You would swear the market was up at least 100 points, it may be time to start hedging.

UA ripping

WTI ripping

GNK ripping

LVLT ripping

Now only if my solars could get moving. I think they might be waiting forĀ  SPWRA to report next week.

Note: We’re having a blast in The PPT, it looks like JakeGint is off to an early lead.

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A Few Names

Click on the symbol for chart:

GNK – Buy with any strength in shippers (note: DRYS ripping in after hours)

WTI – Buy with strength in oil

UA – Looks like we have a cup & handle formation, buy on a break above trendline.

S – Hanging out on the 20 day, I like it right here with a stop below 20 day MA.

BIDU – Short on any weakness, stop right above 200 day MA.

JASO – Buy on any strength in solar

RUTH – Flagging after breakout, buy on strength

LVLT – Another great flag formation (rare to find). Hat tip to Chart addict for this one.

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Preview The PPT

The Fly has allowed people to tour The PPT for peanuts. Let’s get the whole iBC community on board for one killer trading day tomorrow.

Look, I’m not one to sell stuff to people or even one to subscribe to a service, but The PPT is something special, that took almost a year to create.

I hear people all the time saying iBC is not the same. To them, I say, “You’re right– it is better!” You just have to be on the other side.

Come join us tomorrow for an ol’ school iBC party. I want to see all the regulars ‘ovah’ there commenting like old times.

-RC

Enter The PPT, it’s cheaper than a share of C

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The Doctor

Today, I went to the doctor for the first time in about five years. I told the wife that I don’t need no stinkin’ doctor, but she insisted (she always wins). So for about an hour of waiting, the doctor finally comes in, asks me a few questions, and prescribes the world famous Z pack.

Hopefully the meds work, because I feel like shit.

As for the market, not much going on. I do plan to hold [[GOOG]] through earnings, and am looking for about $440 in after hours trading. I’m also patiently waiting for [[JASO]] to breakout, it will happen, maybe even today. Another stock I’m looking for quick upside is [[GNK]], keep an eye it.

To recap, Dr. Cajun prescribes JASO, GOOG, & GNK. Short the Flu.

Note: I do not condone buying a stock before earnings.

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