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

Get Long the Suckers Rally…

…if you’re into losing money and shit.

While it’s true, the market is severely oversold; long term, the market is rich.

Anyway, if you’re looking to play this bounce, keep an eye on internet plays, like [[OMTR]], [[NILE]], [[VCLK]] and [[EBAY]].

On a dead cat bounce, I like [[LFT]] here.

However, for the most part, you should be using this rally to lighten up and “get flat.”

Mark my words, during the first two weeks of January, the market will have its stupid head lit aflame, in a bad way of course.

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47 comments

  1. buylo

    Fly how about a contest? which 5 stocks will loose the most in 1st 2 weeks of January? to diversify, one must list 1 stock in 5 industries.

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  2. The Fly

    lose you idiot.

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  3. buylo

    you are not being very nice, you know. No more coffee for you today!

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  4. The Fly

    Funny you said that.

    I feel like I’m going to overdose on caffeine, considering how much coffee I have consumed, thus far.

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  5. mrkcbill

    “Lose Lips Sink Ships”

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  6. JakeGint

    In the not necessary correlative department:

    Ever since Fly has featured the T&A “Pimping Stox” ad as an “iBank Coin Sponsor,” the market has crapped the bed, shower, and various major domo’s quarters in relative degrees.

    Odd…. no?

    _____________

    Also from the NNCD — “Jake wins!”

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  7. buylo

    Fly, if you’re tired of coffee but want energy and thirst quenching, try some “Rock-Star” energy drink, local supermarket should have it. Compare ingredients to Monster, Red Bull, etc. R-S has Lots of vitamins, good amount of caffeine but u can’t taste it as in coffee, various flavors, real nice energy boost for afternoons when it’s been verboten for u to have coffee. Ok, that’s enough small talk for now.

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  8. JakeGint

    Cry Havoc! And let lose the dogs of war!

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  9. newequity

    Pick for 2008:

    ARAY – little known Robotic Radiosurgery System, noninvasive treatment of tumors. Think ISRG in the 20’s when no one cared.
    http://investorvillage.com/smbd.asp?mb=9822&mn=832&pt=msg&mid=3696428

    http://accuray.com/TabContent.aspx?id=470

    long 500 at 15.41 for disclosure

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  10. Weed

    Jake frequently quotes from his favorite novels and shit like that.

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  11. reality czech

    MVIS is for asshats.
    Asshat: another application for the pico p.

    MVIS needs an oem deal with asshat manufacturers.

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  12. chivasontherocks

    the irony will be if the credit crisis ends up being the reason we avoid a recession.

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  13. Juju bear

    Neweq, where did you come up with that one? Every time I hear that some bullshit stock is the “next” (fill in the blank), or it’s “_____” before when it was at $___, I run away, far away.

    Good luck with your MVIS version of a healthcare stock.

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  14. kmorph

    This rally feels like the last blowjob before my cock is chopped off with a machete.

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  15. newequity

    I came up with it by talking to the executives at the company and doctors that swear by it. Do as you please, I am here to make money.

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  16. WildWestie

    So if the market is lit aflame in January, that coincides with CES….the usual uneventful news coming out from MVIS will be promptly sold. Conclusion: MVIS heading to 3.50 coming out of CES, as even apparent “good” news will mean nothing.
    Ergo, sell now?

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  17. JakeGint

    Weed, that’s actually from a play, but close enough, dude.

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  18. Juju bear

    Follow your leader. The Fly said he has no vote of confidence in MVIS management.

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  19. big snacks

    im not disagreeing with the “FLY” that this thing may get bad early next year… but as traders we need to play the oppurtuinity at hand.. valueline used to always recomend buying your favorite tax loss names on december 20th which is thursday.. i think this year their may be some massive bounces once the tax loss burdin lifts.. heres my list

    AMR
    CCRT
    ACF
    CFC-B
    MEDX
    LINE
    KOG
    PTSG
    AMD
    PMI
    LFG
    CELG
    DAL
    PAL

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  20. Weed

    Was that Will Shake a spear?

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  21. Suk Mai Dong

    I would do dose two radies in da “Plimping Stocks” ad in a Hong Kong minute, but ad has to go, or no lice for you, Fry.

    Fry, how you like FXP now?…Rooser.

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  22. JakeGint

    Weedster — yep, Julie Caeser.

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  23. JakeGint

    Bot 300 FXP $82.80.

    Nice carr.

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  24. JakeGint

    Dooc,

    Are you Bugs&Drugs’ barrister?

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  25. Pudfucker

    NewEquity: ARAY looks interesting.

    Per the 10Q, there’s only 114 Cyberknife’s installed worldwide; 103 are outright sales and 11 are on a shared revenue basis. But at over $4 million/unit, they’re not going to sell dozens of units per hospital. The annuity-like service revenue is appealing.

    Do you know what the installed base of ISRG’s daVinci systems is?

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  26. Suk Mai Dong

    Dat was nice caw, Mista Jake, but stupid. Chinee mahket weew ploove you rlong, by going up ovah 50% dis ye-ah, or my name not Suk Mai Dong.

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  27. alphadawgg

    Pudfooker,
    ISRG has installed base of over 675 hospitals with daVinci.

    However, ARAY doesn’t compete directly with ISRG. Their biggest competitor is Varian Medical Systems (VAR).

    VAR is expanding into China. I personally know of someone that is over there right now establishing a plant.

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  28. newequity

    pud,
    There were 509 this time last year, so I would guess somewhere around 650 now. There are big differences between the two companies and they are not direct competition. Plus, insiders have not been unloading shares since the lockup. A few have actually been buying under 15. I will continue to add 500 shares until I get a full position.

    Looks like someone wants in. The stock is up over 6% today.

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  29. Pudfucker

    Alpha: Thanks.

    When I initially glanced over ISRG’s 10Q, I missed the installed base number. I went back and found it, it’s now up to 719.

    I understand ARAY doesn’t compete with ISRG, but NewEquity is right that it does have a similar model. They both sell unique, extremely expensive, high margin, high tech medical instruments with long sales cycles and substantial recurring service revenue.

    They get paid by third party payer insurers, so it’s recession proof, consumer proof, and sub-prime mortgage proof.

    I like it so far.

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  30. alphadawgg

    Pud,
    ISRG appears to have a wider array (no pun intended) of applications than ARAY.

    That is not to say that ARAY isn’t worth a look. As noted earlier, they don’t compete directly, but I would invest in ISRG before throwing money at ARAY.

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  31. chivasontherocks

    r2k, is putting in an outside day. not bad

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  32. Juice

    bear market’s over !

    buy stocks for the january defect !

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  33. Juju bear

    It’s not over until Chuck Bennet’s wife sings.

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  34. BOOMER

    WildWestie used the word “ergo.” Just saying.

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  35. Employee8

    Damn! VMI filled the gap at 81.50 today and I missed it …. currently 84.

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  36. Juju bear

    Did I mention before that MVIS is a POS?

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  37. newequity

    In 3-5 yrs, 20000 shares ($300k) of ARAY at today’s prices will be worth millions. 1000 shares ($300k) of ISRG will be worth $300-$500k. I am going with ARAY for better or worse.

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  38. PoorOkie

    People continue to buy LCD TVs, smart phones, and mp3 players. 2008 will be the year of the homeless fucker pushing a shopping cart loaded down with a Vizio, a Blackberry, and an ipod.

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  39. PoorOkie

    “Boomer said: WildWestie used the word ‘ergo’. . . just saying.”

    First Senator Craig, then Kudlow, now westie.

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  40. WildWestie

    “ergo” is a very under utilized word. Add it to your vocabulary and impress the chicks henceforth.

    On a more important matter, didn’t I tell you internet leeches that we would rally, based on the VIX action? Let that be a lesson for you out there. Watch the VIX.

    WW wins again.

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  41. John Clark

    Fly,

    I use you most as a contrarian indicator. I will go long for first 2 weeks of January…then I will go short…exactly opposite of you. Mark my words…you will look silly when its over.

    John

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  42. newequity

    Faggot Clark,

    So this means you are down 15% on the year since fly is up approximately that much? Contrarian indicator, what a fucking idiot.

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  43. The Fly

    Good “John.”

    Using me as a contrary indicator must have you down 16% this year.

    God job, fucknutter.

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  44. John Clark

    I did not say I ALWAYS use you as a contrarian indicator. I said MOST. You see you and newequity apparently cannot read very well…fucktards. We will compare notes on Jan 15th…and check on your flaming head comment.

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  45. vixen

    “In 3-5 yrs, 20000 shares ($300k) of ARAY at today’s prices will be worth millions.”

    A stellar example of irrational exuberance if ever there was one.

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