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
23,326 Blog Posts

Milk the Farmer; RPG the Scottrade Helicopter

Don’t expect “The Fly” to work hard, especially at the end of the year. I always say: “I don’t work hard. I work smart.” As you know, working hard is for “illegal Mexicans” or mid-level executives.

[[BSC]] posted a bomb, while [[LNN]] scored a goal, then hit the bears with a puck to the teeth for good measure.

With LNN through the roof, on its way to a hundo, go long [[VMI]].

NOTE: The following ag stocks are on fire: [[LNN]], [[CNH]], [[CF]], [[TNH]], [[VMI]], [[TITN]], [[AGU]], [[MOS]], [[POT]], [[ADM]], [[MOO]] and [[AGU]] [[BWLD]] is eating bullets, thanks to the toolboxes at [[JPM]], initiating coverage with a homo-hammer.

Sometime soon, I will be posting a summary of my trading year: what went right/wrong. Being up 15%+ is a major disappointment for me, considering I was up more than 45% in May. There are specific reasons as to why research got sloppy and “The Fly” got lit up, on certain names.

More on that later.

For now, I’m trying to refocus my efforts on establishing an investment theme for 2008. However, since I’m bearish, it is difficult.

If I was putting together a portfolio today, using fresh money (as opposed to old money), I’d buy [[VMI]], [[RIG]], [[CLX]], [[MVIS]] (for a trade), [[FXP]] and [[SKF]].

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22 comments

  1. BOOMER

    I see my introduction of the word “hundo” yesterday is catching on.

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  2. BOOMER

    I may be changing my nome de plume to HUNDO THE BARBARIAN

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  3. jeff

    Is the Fly less of a believer in the MVIS story? People expect to see a product at CES, but it seems like there will be more of the same with some size reduction and speckle improvement.

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  4. The Fly

    Jeff:

    All of my sources tell me the new device is great. However, these sources have been wrong a lot, as of late.

    I will touch on this topic, before year end.

    I think MVIS is a hold, until CES.

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  5. CubsRock

    Nice post Fly, good luck in 2008 🙂

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  6. Benson Burns Bisonburger
    Benson Burns Bisonburger

    Are they selling the new device at Wal-mart?

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  7. TraderCaddy

    Anybody know why QQQQ is up .65% or so and QLD is down about 4.50%? Ex-Div?

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  8. The Fly

    The Scottrade guy did it.

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  9. BOOMER

    Speaking of brokers…I am consolidating my accounts to one discount broker.

    Which should I consider?

    No banking/SIV/CDO/CDO-squared exposure. Pure brokerage.

    Thoughts?

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  10. The Fly

    Discount brokers are for asshats.

    Sorry, I am biased.

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  11. BOOMER

    Do you expect me to use coconuts?

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  12. Benson Burns Bisonburger
    Benson Burns Bisonburger

    I used to have a CyberTrader account:
    http://tradermike.net/2007/12/schwab_doesnt_want_former_cybertrader_clients_–_i_need_a_new_broker/

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  13. Suk Mai Dong

    May I suggest LIMM Seculities? Day haf firwst tirty tlades fo flee. Afta dat, tlades are 10 yuan (Chinee rotto stocks ownry).

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  14. TraderCaddy

    Free fortune cookie with every 50 trades?

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  15. TurkeyNeck

    BOOMER, use Scottrade, it is in your best interest to have a physical location for your brokerage account.

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  16. SaNTa

    Have you ever had CyberSex while CyberTrading?

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  17. tech08

    on MVIS… my sources tell me we’re going to get some news into or during CES regarding new tier 1 cell deal and developmental deal for eyewear in video gamer world. also, expect first auto HUD to appear in late ’08 for model ’09. likely supply chain issues during the ramp up this year, with fundamentals lagging… serious move in the stock 6 to 12 months out still.

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  18. Benson Burns Bisonburger
    Benson Burns Bisonburger

    Quite sure I shorted LGBT with CyberTrader before, if that’s what CyberSex means. And yes, I did it with protection.

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  19. TraderCaddy

    Question: If you have CyberSex with an Apple Computer and it becomes pregnant does it give birth to an Apple Nano?

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  20. JakeGrinch

    TC, with some evidence that the writer’s strike remains “on.”

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  21. TraderCaddy

    Jay Leno says Hi.

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  22. JakeGrinch

    What exactly is a “HeliPcopter?”

    Or is this just a subliminal cry for “Help!”?

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