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
20,626 Blog Posts

Bulls Digest Bears

A rather benign day.

God willing, the bears will get coal for Christmas, enabling the bulls to get drunk, throw “rich man’s whiskey” around the dinner table, while eating large quantities of high end chop meat.

Once again, “The Fly” was busy, on the phone all day, talking to richer people than you. I can tell you, people are thinking opportunistically, sifting through the carnage—elbowing into beaten up tech and financials.

Today, I enjoyed big dicked gains in FTK, CFC, SPF, LFT, VMW, FMCN and CN.

Also, as you know, I sold short TIF, and bought some DCR (inverse oil).

All in all, today was a “best case scenario” for the bulls. Should the rally continue, saddle up to beaten down basic material stocks, like RS, X and ATI.

Finally, this VMI fucker must move. It’s impossible that LNN is near new highs, while this “waste of alphabet letters” sucks crack pipe.

Once again, top pick is VMI.

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61 comments

  1. Woodshedder

    I added more puts at the close.

    If the Fed keeps cutting, everyone will actually *want* coal for Christmas.

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  2. SaNTa

    Coal is one step up from burning wood.

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  3. SaNTa

    Bears will get coal for Christmas.

    GOD WILLS IT!!!

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  4. Woodshedder

    Gapping & Yapping!!!

    Way to go on JCG!

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  5. DEVILDOG

    C’mon cows buy some DELL. Dennis Neal says to man up and feeeelllll the power!!! BTW, don’t bulls fuck the cows in the end?

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  6. newequity

    What put you buy woody?
    You ready to climb the Slope of Hope tomorrow.

    In my opinion, I see upside 10% vs downside of 2%.

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  7. Employee8

    Add CLF to your list of basic materials stocks …. iron ore is getting to be quite trendy ….

    Off topic: Can we expect a pop in MOT along with MVIS ?

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  8. newequity

    Fuck DevilDog, your house is being foreclosed due to all the QID losses.

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  9. The Fly

    “The Fly” is heavily long JCG.

    The old founder of GPS is running the ship.

    It will trade $100, in his lifetime.

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  10. CubsRock

    I grabbed some DELL AH and I am green already on a one way street.

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  11. The Fly

    “The Fly” has been to the future, and there is higher stock prices in it.

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  12. Juice

    DELL pooped at the dinner table.

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  13. Woodshedder

    Ahhhhh…. That felt good.

    Anyway, Newequity, upside of 10% gives new highs to the S&P. Downside of 2% puts us back at yesterday’s levels.

    Is that what you really think?

    Which is more likely? In the longterm? What about shorterm?

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  14. Juice

    JJ – zero for 3 today

    SWC , PAL down
    FSLR up big on its way to 400

    nothing like concentrated narrow minded bets on ones future

    probably hes just playing with Dads monopoly money .. noone is that stupid with real green stuff

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  15. The Fly

    bearshitter

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  16. Woodshedder

    bullshitter

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  17. DEVILDOG

    Posted earlier. Fly doesn’t wnat you to see it so he starts new threads.
    Hi guys…just came into the pits for lunch and thought I’d check in with the cows. Well let’s see my NSR & FDX shorts are doing quite well. Cheap QIDs…I can wait as they will soon be making me tons of cash to continue shorting this market down. BTW, I heard the White House says the economy is fine and growth will be steady in ‘08 for the election rally. I guess that means no rate cut? Oh…I forgot the fed is independent of the government and can, therefor, cut rates when economic growth is doing fine…lmao. You cows are so manipulated by the power elite as they sell out with help from the fed they paid for it’s just sad. Stay in those mutual funds in your 401K and you’ll do just fine as the markets go up over time. The fed will save the day with rate cuts that will save the housing market…wait that’s what destroyed the housing market…what a delima…no problem the middle class(not hedge fund managers taxed at 15%) will bail out the average joe by contributing their low taxes to Paulson & Bush and they will give the money to those people that can’t pay their loans and everything will be fine. Aren’t you glad you get to pay loser’s mortgages too…what a deal! After all…America is a free market economy with no government intervention(your tax $s)…lol. Remember it only took from 2000 to 2007 to get back to break-even and the $ is worth 40% less now…wonderful BULL returns. Anyway…you stupid cows keep whistling past Goldilock’s grave and I’ll consider buying my own road course track as my driveway. For you surfers out there the first decline to 12.7K was only half a baby bear wave! Hang ten. BTW, who was that that said unemployment claims would be up today…ME! Wonder how payrolls will be next week? White House says BIG increase! I believe! Ta…back to smoking lambos.

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  18. tehdrunky

    micky drexler is fantastical.

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  19. Jakegint

    Shit shitters.

    ______

    Space Hitlers.

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  20. The Fly

    Devil:

    The next time you post retarded, incoherent rants, without the use of paragraphs, I will ban you.

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  21. Nick Fenton

    I know you’re not a fan of technicals, but QQQQ, DIA, SPY all indicate island bottom reversals. Bullish MACD crossovers, bullish EMA convergences, and uptrending RSI confirm the bullish price action. It looks like you bullish fundamental perspective of the market has technical backing.

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  22. DEVILDOG

    Fly:

    O.K.

    How’s this?

    Buy MVIS now as Fly’s “superduperfragalistic mini laser beam cell phone projector with accessory can open” projects a 12 handle at CES!

    O.K.?

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  23. Juice

    What happened to Thurston Howell Bilderberg?

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  24. DEVILDOG

    Nick:

    Your chart is upside down.

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  25. eric amend

    Hey devildumbass,

    ! posted this for you yesterday and since you’re re-posting old shit, I’ll do the same.

    How do you like them Apples BITCH!

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  26. The Fly

    I believe Bilderberg is busy deciding the upcoming 2008 Presidential elections.

    You know, worldly things.

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  27. Woodshedder

    Dude, you should have bought a Dell (put).

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  28. Woodshedder

    How long can I be a bearshitter before no one likes me anymore?

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  29. Nick Fenton

    No DEVILDOG…it’s not. QQQQ best reflects it.

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  30. DEVILDOG

    Cubsrock:

    Now’s that DELL AH buy working out?

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  31. DEVILDOG

    Nick:

    Expand your horizon and examine a 5 and 10 year chart. What do you see?

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  32. Woodshedder

    Nick, so you’re saying that gap will never get filled?

    Okay, so you won’t agree to “never.”

    Then, how many days? Weeks?

    I did a quick look back on the QQQs 1 year and cannot find a single gap that wasn’t filled.

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  33. Juice

    Najarian is saying buy DELL here. He was talking to you Devildog.

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  34. Woodshedder

    Devil, the 5 year weekly looks great and makes me want to go long.

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  35. DEVILDOG

    Woodshedder:

    Give up as they are not programmed to comprehend. The cows have been indoctrinated and brain washed to do as they’re told so the BULLS can get out at the top and go SHORT for the BIG BUCKS over the next 29 months.

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  36. Howie

    Hullo ! …..I brought SHLD calls today and sold them at the close…..made nasty copper bits, then just after that I had to buy some DELL puts the 27.50 handle, cause of the pre run and all the nasties betting on tini winey nickle and dimed calls….I WIN ! No?

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  37. chivasontherocks

    wood- june july gap of last yr was not filled

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  38. newequity

    etrade a good buy below $5, mortgages off the books. the buyout in the works.

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  39. kidstock

    It’s funny how “The Fly” correctly backs the old founder of GPS while Cramer takes it in the ass from his old pal Eddie Lampert.

    STICK WITH THE FLY

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  40. Juice

    I just got filled on DELL 25.60 … I’ll flip it in the morning over 30 to darksiders

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  41. Howie

    Juice……..U think you gonna sell dell for 30 in the morning…..if so maybe you r nutty !

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  42. Howie

    sorry I guess you ment :flip it for the 30 cents~ not $30-

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  43. Woodshedder

    Chivas, I didn’t look back that far. Only just a year. Good though, thanks.

    The Spy had a couple from this year that didn’t fill for a long time.

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  44. chivasontherocks

    this coming year, all readers of this site should play a poker tournament, held in ny. 10k buy in no limit texas hold them. winner take all

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  45. Juice

    no Howie, I meant over $30 !

    joke Howie .. just a joke .. although I am in & up 6 large cents at the moment

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  46. Howie

    Good luck, maybe its just overbrought into earnings, and the next Q will get more attention B 4 long, its the margins, and the restructure costs, I think they get managed and the stk is a buy““

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  47. Howie

    WOW…….DELL traded 10 Mill shares AH…….Well it was a nice week, and I am waiting to hear uncle Ben speak tonight, and OPEC next week.

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  48. Juice

    my sis in law bot a dell laptop a few weeks ago & the fdx guy said he was delivering 13 of these a week .. no lie, he said thirteen, not 14, not twelve …. whatever

    horrid miss on earnings but a beat on revs … something is fishy there … I don’t buy there excuses … they used to cook their books & I think they are still trying to cover those tracks so they tossed in a shit qtr to even things up …. if so, it could be up from here , but wtf do I know

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  49. Howie

    Man all I can say is DELL Tech Support SUCKS, the worst bar none….

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  50. Howie

    dell hitting AH lows…….

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  51. threehorsemen

    devil,

    You have been exposed for lying about your positions and carry no creditability in my opinion.

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  52. Howie

    I am watching the Ben speak on CNBC, I cannot belive the intro and the respects they are giving to him, B 4 the speak. its as if he was Abe L or or cured the C desise!

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  53. TraderCaddy

    Dell adapters (with the power chord) suck. I just bought a replacement six weeks ago and the end is already frayed and it stopped working this afternoon plus it cost $65.

    I like to follow Steve Spurriers advice to his QBs. Don’t try to force a play-just take what the defense gives you. Today was one of those days in the market-just take what it gives you. Dull day.

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  54. Frosty

    FLY…JCG well done…very well.

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  55. TraderCaddy

    Dow futures +88, Nasdaq+10. Did Ben say something good?

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  56. gappingandyapping

    Broker I am looking to buy VMI March 100s. Do I need to go out further or do you like that play as a target.

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  57. gappingandyapping

    By the way my top picks JCG and GS. Heavily heavily long both.

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  58. kd

    Fly,
    you’re a crazy man shorting TIF. You don’t think those fuckers know how to hedge. Also, it’s a commodity you don’t think they can pass the cost on to the consumer. And don’t they sell diamonds and fake shit more than stuff with gold in silver. Bad odds.
    kd.
    By the way any updates on MVIS.

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  59. newequity

    The bull is alive and well.

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  60. Eddie Guerrero Picture

    Hello…Thanks for the nice read, keep up the interesting posts..what a nice Sunday

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