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
23,431 Blog Posts

GRMN Shorts Mushroom Clouded

Lucky for “The Fly,” he’s been nibbling, not biting, at GRMN, over the past week. On news that the company would withdraw its bid for Tele Atlas, shares are skyrocketing, up more than 20 bucks, much to the shorts chagrin.

Har. Har. Har.

No Robster for you.

Once again, this should serve as a reminder and a lesson, don’t short leadership momentum stocks, who have already sold off.

With my small position, I will be selling GRMN, and adding to the fuckfaced stock called RIMM.

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22 comments

  1. Jake Gint

    Djoo see that Angelo already has a fall back in Tennessee for when CFC finally mushroom clouds? Mozila-Boomer joint venture.

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  2. CubsRock

    I think it was the day before this fall began, one of the big analysts gave RIMM a Target of $180. Take away a 20% correction and it’s $$$ from here.

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  3. Jake Gint

    RIMM is done for the near future.

    Do not buy, even if your basis is $18.

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  4. The Fly

    Aside from you’re fucking charts, what makes you believe RIMM is done.

    Their enterprise business is through-the-roof.

    Stock is on sale here. I’m buying.

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  5. Jake Gint

    Not the charts, not their bidness, the market.

    I love my Crackberry. No comment on their business.

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  6. Jake Gint

    Cramer’s Brother Explains Congress.

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  7. Jake Gint

    And “I are” not charts!

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  8. Juice

    if we get a whoosh below spx 1450, I think that will do it … I’d buy the crap out of that for Santa

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  9. Juice

    VMI

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  10. Juice

    Broker Fuckface, or any Fuckface:

    Please be so kind as to list stocks that will rip in the event of the tradable bottom I am expecting by Monday, give or take a day.

    Thanks in advance.

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  11. CubsRock

    VMI up 2 days in a row, trend reversal!

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  12. Harry the Horse

    Chinese lotto may handsomely reward you should a trend reversal take place. Disclaimer, if you buy Chinese lotto tickets, your flied lice may have rice in it and you may lose money.

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  13. Jake Gint

    Ooooohhh! Liggering Lice!

    Holliber!

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  14. Juice

    I’m getting bullish … bottom in by monday close

    imo pick away here … like a bird, but pick

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  15. BOOMER

    http://www.youtube.com/watch?v=FbNH_8zzxPA

    Sigur Ros is my current favorite band. They do these art videos to accompany their music. It is cool stuff.

    The market needs a drummer to follow. Who will be the drummer?

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  16. Dinosaur Trader

    SWC BUY ALERT!!!!

    Trading below $10, all the way down to $9.50! This is really it!!! After this, it will NEVER trade below $10 again! Get your piece of the millions being made in the palladium super-cycle!

    Who are the idiots who keep selling this thing?

    -DT

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  17. Woodshedder

    Jbuice, what makes you get bullish?

    Perhaps it is the folks that can’t get their money markets redeemed at the dollar value placed into them?

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  18. Juice

    woodshed – you know anyone who is bullish?

    just my gut … I’m picking away … shit keeps going lower … I have QID SDS TWM SRS & some shorts that I am super slowly covering & going long slowly against that

    but wtf do i know

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  19. Frosty

    FLY…where are all those darkside plays today…flame the tape day….baby bears…I’m scared.

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  20. Woodshedder

    That’s cool. I know, the sentiment gives one pause to consider where things might head.

    I’m holding out for a big flush the turds away event.

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  21. Juice

    charts looks like crap right? everything looks like a short, no?

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  22. Jake Gint

    “Jbuice”

    That’s awesome.

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