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
23,411 Blog Posts

Santa Claus Fires a Missile

This rally looks sustainable, at least for today.

However, I’m not content with selling into it, for fear of missing out on a late year run—despite my bearish disposition.

All I’m really focused on is the doings over at [[MVIS]]. Looking back on 2007, my biggest error was holding onto my position, as the stock slowly boiled me. The key tell for the stock, as always, is when the CFO sold stock—in the $4.70’s. Ever since then, the confidence most investors had in management vanished, like the bonuses at [[MS]].

Basically, I made the grave error of being a true believer, emotionally attached to the stock (always a bad idea).

However, with that being said, there is still a chance the company regain the confidence of its investors, via CES.

What I want to see is a device that is market ready. If the company can do that, I will shut the fuck up and become a quiet shareholder. If not, I’m out.

If I were looking to put money to work now, I’d go long [[VMI]], [[CN]] and [[LFT]].

I do not expect to make much coin in my bear positions this week. The purpose of holding them is for hedging reasons, not greed.

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43 comments

  1. Woodshedder

    ho ho ho

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  2. Frosty

    iBreakeven.com….indeed.

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  3. SaNTa

    iBreakKneeCaps.com

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  4. The Fly

    Fuck all of you.

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  5. SaNTa

    iBreakWind, often.

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  6. CubsRock

    Come on now, I just bought some MVIS @ 3.95! I won’t buy any VMI til it’s back in an uptrend though.

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  7. JakeGint

    Frosty asked for “Junk in the Box” for Christmas.

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  8. JakeGint

    Did you know that “Akami” rhymes with “die?”

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  9. big snacks

    they have tried for two days to take the market out behind the woodshed and could not do it.. ive said it before but dec 20 is the traditional day when tax loss selling usually starts to end.. i think its time to buy the bad stuff.. restuarants, retailers and financials

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  10. balzac

    stop being a baby re: MVIS.
    just because the stock hasn’t done exactly what you wanted it to do doesn’t mean you should get all gelatinous now. grow a ball sack and stick this one out. deep down, you know this is a winner. we’re on the final leg before implementation and NOW you’re going limp? in the secret world of cell phones, playstations, auto manufacturing, and consumer electronics, we’re just one news story away. deep down, you know this you impatient fuck!
    go see tony soprano’s shrink and chill the fuck out!

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  11. buckeye bob

    WTF is this conversation re cell phones – Maria needs to yip yap about the closing imbalances – like she always does – do these people have a grip

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  12. KC Trader

    Santa,

    Shouldn’t you be busy trying to replacing all of the recalled toys. Don’t tell me you don’t outsource and make all of your own toys. The Santa brand is no where in existence.

    Fly,

    You want to call yourself a fundamental only trader who spits on technical analysis. MVIS lacked your requirement and you should have never been in it. A huge loss in opportunity cost for those funds tied up in MVIS.

    In short, speculation is for losers in both fundamental and technical analysis. Most people who speculate end up washing out of the market.

    Have a nice day though.

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  13. reality czech

    speculation is what makes people fortunes. technical analysis is for sissies.

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  14. Woodshedder

    Big Snacks- believe me, no one has tried to take the market out to the woodshed. Have you looked at the volume levels or the internals?

    Smart money will not short in an oversold environment. They will instead wait until dumb money and short covering again take the market up to prior resistance, and then they will knock it back down.

    Nasdaq set to do less than 1.5 billion in volume, or the lowest volume level in 3 months, save for the day before Thanksgiving.

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  15. MarketRaider

    Fly, just a bull in bears clothing. It only takes one day of a market rebound and your true colors come through and start hesitating taking short positions. Bearish my ass.

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  16. BOOMER

    My limit order on BOOM filled this afternoon while I was enjoying coffee here, http://www.bongojava.com/bongojava.html,
    with my wife.

    I should have held a bit longer as it is busting out above $62, but I am pleased with my trade.

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  17. Woodshedder

    Breaking News:

    The Plunge Protection Team is coming to save the markets by a late day injection of 100 share lots into MVIS.

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  18. BOOMER

    My limit order on BOOM filled this afternoon while I was enjoying coffee here, http://www.bongojava.com/bongojava.html
    with my wife.

    I should have held a bit longer as it is busting out above $62, but I am pleased with my trade.

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  19. Juju bear

    You all provide great entertainment value on this site.

    But, other than Fly, Wood, Jake, and Ducati, most of you are amateurs.

    Call me an asshole, but that’s the way I see it.

    Merry Christmas to all.

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  20. mdawsz

    Santa is one weak, ineffective, goatfucking asshole this year.

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  21. Woodshedder

    Thks, JuJu, I think.

    Merry Christmas to you as well.

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  22. Woodshedder

    Mdawsz- did you buy a RIMM lotto ticket?

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  23. JJ's Bitch

    [[SWC]]

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  24. mdawsz

    Yeah Wood. Did you get some reverse lotto tickets (i.e. puts)?

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  25. mdawsz

    MIVS acting strange, no?

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  26. Woodshedder

    M- I’ve got one too, but its hedged.

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  27. Pudfucker

    Juju bear, you’re an asshole.

    It’s strange that Shanghi and the Hang Seng are within 2% and 5% of bear market territory and nobody on CNBC has acknowledged it.

    Just to be clear, Juju bear is an asshole.

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  28. BOOMER

    Hey Juju bear, how much have you made trading in the last year? Calendar year ’07. What is your percentage gain or loss, and gross realized gains or losses?

    Let’s see who’s the amateur, fucker.

    You are gaytarded.

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  29. WildWestie

    Re: MVIS, what happened to all the bravado and confidence you had 2-3 weeks ago? What’s changed since then? CFO sold chump change for unknown reasons….biggest tell is Tokman never buying more than the average joker owns on this site, including me.

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  30. BOOMER

    Juju bear, I would crush your skull with a sock full of stale biscuits if I could.

    That was not very “southern gentleman” of me. But then again, I am neither.

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  31. Woodshedder

    Boomer- who cares? I could say I am up 103% and you could never prove me wrong. Well, you could prove me wrong, because I posted all my mistakes, but you get the picture. Its not worth worrying about is all I’m saying.

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  32. balzac

    Tokman has a bzillion options. He doesn’t need to buy what the average joker owns. And we’re all fucking jokers and amateurs.

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  33. BOOMER

    I know, I’m just poking back at him. I’m strangely cranky for having done so well in BOOM. I think its the Christmas traffic.

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  34. The Fly

    Boomer rocks.

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  35. The Fly

    Duc:

    I didn’t say contrary.

    Of course that was the best time to sell. Hindsight is 20/20.

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  36. nullpointer

    jake:

    man, you really got a thing for AKAM. i know how you feel, i got the same feeling for CRM….difference is, CRM is a worthless piece of shit software that a junior high school kid could write in a weekend, and AKAM kills all who attempt to utter the acronym CDN.

    shorting AKAM here is silly.

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  37. The Fly

    Let’s not make believe the weakness in MVIS is unique. The whole market crapped the bed, Duc.

    Saying otherwise will get your chest hairs punched off.

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  38. SaNTa

    Fuck you. I have SARS.

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  39. mrkcbill

    “But, other than Fly, Wood, Jake, and Ducati, most of you are amateurs.”
    Oh yeah and you JU JU

    Have a Merry Christmas Ass Kisser

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  40. Mr. LIMM

    No mattah what happen to LIMM tomollow, I rill stirr be velly velly ploud of honalable son.

    Honalable son BEEEG Ventcha Capatarist in Boston!

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  41. kd

    Fly,
    Stick a tampon in your bleeding pussy and shut the fuck up. Look at the whole market, it’s in the shitter and that’s why mvis is down. You know may be you should let your wife blog until you find your balls. MVIS is in a HELL OF A BETTER POSITION than it was 8 months ago. Every day goes by the company gets stronger. AT promised a stand alone at the end of 08 and so far he has been on target. I don’t see any reason to doubt him. This is a BRAND NEW concept just like IPOD was 5 years ago, so we better make sure it’s right. AT has convinced MOT and Novalux, Osram and corning on the light module side, Visteon and two other auto integrators for HUD and one major OEM to put this shit together for us. These are more importand than whiney little bitches like us share holders including you, no matter how many fucking shares you own. Believe me I’d much rather have my mustach hair pulled off one hair at a time than wait for MVIS to announce something. But, so far what I’ve gotten from AT makes me feel like he is a sincere manager and he is try his 200% to get us to a SUPERBOWL victory. So, mean while just stop your bitching and wait, this is prolly the best investment you’ll run across.
    kd.
    Please don’t punch my mustach off for being rude.

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