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
23,419 Blog Posts

Thanksgiving, part II

Following a sharp move higher, it’s important to consolidate gains—in order to lure more bearshitters out of their depression camps— into short positions.

For now, I want to make sure Santa Claus is interested in killing bears. Hence, I will wait to put cash to work.

Some stocks, like DE, MOS and SIGM, just don’t give a fuck—making new highs no matter what.

In short, the best advice I can give you now is to go eat a turkey sandwich— with stuffing and cranberry sauce. In other words, Thanksgiving on a bun.

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32 comments

  1. Dinosaur Trader

    It’s an interesting time to try and spot the new leaders. If we are going to make another leg up (instead of down, which is what I currently believe) we’ll need leadership.

    Volume certainly is moving with the ferts and ag names still. But are those the types of stocks to lead a bull market much higher?

    -DT

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  2. Woodshedder

    Moooooooooooooo mooooooooooooooooo

    Clank clank, rattle rattle……shoooooooooooshhhhhh scrape.

    BAM!!!

    lights out….

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  3. CubsRock

    Somebody save me, I’m about to hold a tech stock over earnings today. I have a post-it note on my desk saying hold TTWO until next GTA game comes out 🙁

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  4. DEVILDOG

    MOOBOOHOO!!!

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  5. CubsRock

    HANS rocketing! You going take some off the table Fly?

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  6. The Fly

    no.

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  7. mrkcbill

    Cubs- TTWO is a bad ticker symbol- I don’t like the way it rolls of the page. Almost as bad MCHX.

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  8. mrkcbill

    Devil- I keep thinking I’ve read some of your posts at yahoo.com. Is that where you honed your skills?

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  9. Danny

    HANS is a BUD buy rumor today

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  10. Danny

    LNN blows

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  11. Bison Burger

    RIMM sucks

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  12. DEVILDOG

    MOOBOOHOO!!! MOOBOOHOO!!! Cows need a 3:30 pm est emergency rate cut or a followup press conference by bush emphasizing how paulson will save housing…stay tuned!

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  13. Frosty

    raining dead cats all over the tape today…here kitty kitty.

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  14. Bison Burger

    Did they cut rate in India (INP)?

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  15. CubsRock

    devilgod what’s a good entry point on QID? $27.20

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  16. CubsRock

    I meant $37.20

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  17. DEVILDOG

    Maybe paulson should adopt a tele-evangelist presentation style when he says ” I believe in a STRONG $ and I will save housing(which BTW is not a problem)”!!! Out Devil…Devil out!!!

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  18. ottnott

    Paulson believes in long, slow, deep, soft, wet kisses that last three days with a multimillion-dollar GS bonus check.

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  19. Woodshedder

    The bears own this thread.

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  20. Aris

    awesome – radigan just shut down gasparino.

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  21. Juju bear

    Ok, you lured me out of my “depression” We’re headed back down again, turkey sandwich in hand.

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  22. CubsRock

    I don’t understand why they don’t just mute Gasparino’s mic when someone else is talking. I mean every time they switch to someone new they are muted for the first 5 seconds….

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  23. mrkcbill

    Everyone wants to get to the Honey Hole. GE down 4% not such a great sign. What happens first DELL to 19 or RIMM to 99.

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  24. Pudfucker

    Gasparino seems even more sour than normal lately. It’s almost like he’s trying to get himself fired. If not, he may be about ready to go postal.

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  25. Steve

    Has anyone else been playing SOLF today? I’m buying more at the close for the gap up.

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  26. DEVILDOG

    Dang…NSR only DOWN 6.36% and FDX DOWN 1.2%…who knew?

    MOOBOOHOO! MOOBOOHOO! MOOBOOHOO! Don’t worry cows the GS BULLS say this is just consolidation of gains ie. ACF & RIMM. They won’t fuck you again tomorrow without kissing you!

    MOOBOOHOO! Cramer says “MOOBOOHOOYAH”!

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  27. DEVILDOG

    Paulson & Maria…a BULLSHITTER and a COW!…LMAO!

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  28. Juice

    DDog .. nice call on NSR

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  29. DEVILDOG

    Maybe paulson will give up some of his tax free GS capital gains to some of the poor people losing their homes? Maybe the tan man will throw in some of his CFC spoils? Also, those honest guys at freddie and fannie could provide some more loans per paulson’s recommendation. Will paulson return as Sec. of Treasury after his stint at CITI so he can sell his options tax free again? What a guy! Where would America be without heros like him?

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  30. DEVILDOG

    Juice:
    THANKS!

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  31. JakeGint

    “Moo Boo Hoo” – classic.

    I think Shed is going to have to add that to his banner.

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