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
20,457 Blog Posts

Still Going

Some stocks are in a world of their own.

Look at GME.

Despite the weak consumer and rich valuation, the stock keeps going higher. Also, it is widely believed that gaming is resistant to economic slow downs.

Fund managers can’t get enough of the stock.

I can spit out a quick list of 52 week highs, but why bother?

Plus anyway, I’m too busy eating eggs with hashbrowns, than to go dig up meaningless data for a group of fucktards.

Just know, when stocks get “annointed” by wall street, they tend to bounce back faster than others, post market correction.

That’s why “The Fly” is not trying to get “cute” or “fancy” with his recent picks. He’s falling back on what has worked in the past, mainly because it’s the end of the year and nobody gives a shit about fundamentals.

It’s all about getting drunk, while throwing heavy hand tools at your trader/servant.

As for today’s trading:

Thus far it looks like we are setting up for a minor pullback, with chinese related names leading the way down. However, I would not sell short anything here. There is a better than average chance we will hit new highs, by year end.

Currently, there is weakness in many of the financials, with COF leading the pack of spastic retards.

For the most part, with the exception of AXP, the DOW looks solid.

Finally, looking for new ideas, I believe the internet advertising space is a good place to put money, ahead of the 2008 Presidential elections. As you know, there will be a “recockulous” amount of money spent on internet advertising, over the next 12 months.Without a doubt, both VCLK and OMTR will be in play.

NOTE: The MVIS CES run has begun.

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57 comments

  1. Bison Burger

    Banking some serious coins with PAY. What a lovely scam.

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  2. CubsRock

    Damn I just posted about GME in the other thread.

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  3. TraderCaddy

    Watching NSM. It should be down about 3-4% after the AH release but it has turned around. It could be a signal to buy the chips today (for daytraders).

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  4. The Fly

    Cubs:

    Saw that.

    I’m long GME from $6. I too am shocked at the relative strength.

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  5. BOOMER

    Recockulous! Nice!

    I still prefer “redonkulous.”

    HURC looks to be in trouble. Top line miss I believe.

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  6. Woodshedder

    ricockulous, retards.

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  7. BOOMER

    Ricola?

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  8. BOOMER

    Ricotta?

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  9. BOOMER

    Ray Liotta?

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  10. Revelation

    Although ridiculous has an ‘i’, Recockulous employs an ‘e’.

    Look it up 🙂

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  11. The Fly

    CFC running!!

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  12. mdawsz

    With socks, or without?

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  13. alphadawgg

    Angelo Mozilo is giving free tanning beds to CFC shareholders and anyone who takes out a mortgage with them. Get yours!

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  14. Bison Burger

    I want a solar panel instead.

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  15. Woodshedder

    Revelation-

    Danny used ricockulous first, even before ibank was opened for business.

    Therefore, the e version is simply a derivative.

    As such, its patents are worthless.

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  16. nonattender

    For stocks in a world of their own, see: ZIXI

    Mentioned this on your blogspot blog last month, but reiterating:

    ZIXI is GOOG’s (very quiet) encryption provider. They also provide those encryption services to lots of governmental/institutional clients.

    In addition, they are also in the e-prescription business (a natural follow-on from secured communication).

    New legislation presented in the last day or two to speed adoption of e-prescribing, including Medicare kickbacks to doctors for joining up. ZIXI extremely well-positioned.

    Imagine a platform that holds patient information, holds/correlates insurance information, maintains (and suggests certain drugs in the) formulary, warns doctors of possible drug interactions, allows doctors to prescribe within an ins co’s formulary (saving big healthcare 3-5%, proven in small scale testing), removes “doctor scrawl” / “oops, sorry about your husband – wrong drug!” errors, etc.

    ZIXI derives revenue from sale&service of/for the PDA prescription pads and/or internet portal, as well as per script. Also, lots of room for marketing tie-ins there, esp. in light of big pharma’s seeking new ways (other than hiring thousands of drug reps) to market to physicians.

    For fly to adopt, maybe theme it: “Soak the sick!” ?

    In at $3.50, $4.11, $4.50. Not going anywhere until GOOG makes an offer to gain foothold into healthcare information services.

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  17. alphadawgg

    Bison-
    You would need to check with SOLF on that request.

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  18. The Fly

    Love the spam link on “mortgage.”

    It makes this entire thread worthwhile.

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  19. PleaseKillMe

    From my friends who work at CES…

    Rumor from CES is that MVIS has found a way to put a chicken rotisserie oven inside a cell phone. Due for mass production in 2008, this game changer is suppose to make the iPhone so 2007.

    Developing…

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  20. alphadawgg

    Funny, I heard it was a George Forman grill.

    Developing…..

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  21. Dinosaur Trader

    Where do old, washed up, burnt out traders go? What do they do?

    -DT

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  22. alphadawgg

    Is that a riddle or are you soliciting honest advice?

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  23. alphadawgg

    FLOW is tanking. Analyst downgrade. Selling.

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  24. mrkcbill

    DT-

    How does it go.. Those who can do…those who can’t- teach, those who can’t teach- Blog.

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  25. gappingandyapping
    gappingandyapping

    DNA about to go on a run I feel. Good news from FDA so says my drug dealer.

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  26. Dinosaur Trader

    Interesting… if only it was a paying job…

    Fly, can you start a toy drive for my kid on this site? I can send a picture of some random dirty kid eating a cracker or something. Then, I’ll use the money to buy wine in a box.

    -DT

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  27. cheesefried

    MVIS approaching PALM in Marketcap.

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  28. haileris

    I’m looking at battered “Major” China stocks right now, unjustified for HSI to drop like a rock last night IMO and I can see it jumping back on Monday. In some on CHL options. Got any other ideas?

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  29. mrkcbill

    DT,

    I have a gently used Big Wheel I could throw your way.
    I also have some Mattel
    made in China jobbies – take at your own risk.

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  30. Frosty

    ZINC second add…she has the juice, she loose, mount her.

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  31. alphadawgg

    hail iris–

    LFC buy under $90

    FMCN under $60 is good

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  32. Dinosaur Trader

    mrkcbill,

    I’ll contact you about that Big Wheel. Perhaps I can remove the screws and sell them as scrap metal.

    Thanks! DT wins again!

    -DT

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  33. WildWestie

    The MVIS CES run has stalled…..developing…..

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  34. jeff

    what do you mo fo’s think of:

    HTE
    BTE
    SJT
    PWE

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  35. WildWestie

    MVIS…giddy-up!

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  36. WildWestie

    jeff — Like PWE and PVX. PVX has been beaten down particularly hard. Check out http://www.mcdep.com

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  37. alphadawgg

    Double Dubya–
    Concur on PVX and PWE. Your thoughts on ERF?

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  38. jeff

    thank you guys, seems too good to be true for the dividends…

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  39. TraderCaddy

    Have a good weekend. 82 degrees and sunny and a dead market-going to the golf course.

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  40. alphadawgg

    jeff,
    these companies operating margins are acceptable until about $50 oil.

    the other issue is Canuck taxes, something I know little about, nor would I want to live there.

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  41. Richard

    santelli just took his newly awarded asshat trophy, and shoved it straight up leesman’s ass.

    awaiting report from proctologist.

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  42. WildWestie

    I’ve been in the Canroys since 2001. They ride up/down with oil/gas, and all have taken a hit with the 2006 “Halloween tax”, and most recently with the drop in oil. ERF is good also. Best to stick with the big players with consistent payout ratios. Also, you get the tax credit back on the tax the Canucks deduct, so better to have outside an IRA (you can’t claim the credit in the confines of an IRA)

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  43. alphadawgg

    WW
    concerns about Canuck taxes increasing from 15% rate to….?

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  44. Employee8

    Jeff, You can file for a foreign tax credit on your tax return …

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  45. Baby Trader

    GME was added to the S&P wasn’t it? That’s part of the reason for the run.

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  46. JakeGint

    I’ve owned PGH and FDG for a while now. FDG has that funky coking coal. Not a lot of that around.

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  47. Bison Burger

    What’s the relationship between LIMM and Wang Hung Lo?

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  48. Juice

    CFC running !!

    out of gas

    actually, i’m now looking to get long the tan one

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  49. WildWestie

    alphadawgg — read through this:

    http://www.dividenddetective.com/canadian_royalty_trusts.htm

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  50. JakeGint

    Bison — Wang Hung Lo is done by someone without a sense of humor.

    This is evidenced by his inability to harvest even the lowest hanging fruit from the stereotypical comedy tree — viz, “Wun” should be the first name, not “Wang.”

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  51. JakeGint

    Fly, what’s up with the commie (literally) mural on you head banner?

    You gone Bolshie on us?

    ______________

    Also, what is the story with Brooklyn Lincoln High School, they got “hella” hoops playahs or what?

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  52. BOOMER

    This is a bore. Some real knuckledraggers round here.

    I’m going to start posting on perezhilton.com with Woodshedder.

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  53. cigars3

    Anybody else getting inundated with jerkoff email that says: “hi there”? and then asks if your favorite group is ace of base? I get like 10 a day, and delete the fuckers. I am sure they want a response to get a confirmed address.

    I really wish i could “omaha mall” them.

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  54. cigars3

    Jeez. how long does it take to get a peanut gallery password? i was going to give you all the next CSCO pick of the decade.

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  55. BOOMER

    yes, the spam dudes have scored a victory recently. even cracked goog’s email filter. i’ve been getting them since i registered at this site (and i’m not kidding). its prob jeremy.

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  56. Steve

    cigs, yep. It’s unreal how persistant they are.

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  57. jeff

    thanks for the info boys, need to do some reading on the taxes and see if it is good and true and not too good to be true

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