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
23,429 Blog Posts

Late Night Thought

Proof of genius pending.

UPDATE: Proof of genius has been canceled. A rain out if you will.

UPDATE II: “ASSHAT OF THE YEAR AWARD” coming soon.

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27 comments

  1. jeff

    bring it

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  2. DPeezy

    Can’t hardly wait…

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  3. mdawsz

    No proof of genius? BTW, you’d be better off going long China here, not short.

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  4. BOOMER

    Will you refund my Ticketmaster fees?

    Can’t wait for the award. Gotta be Doug Kass. Maybe a twist of the knife and award us, the Internet Leeches, the award?

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  5. Dinosaur Trader

    Benazir Bhutto assassinated in Pakistan. Not good news.

    -DT

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  6. JakeGint

    Rest in Peace. She was something of a socialist rabble rouser, but you cannot deny her bravery. She had to know her time was limited in that country.

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  7. JakeGint

    Asshat of the year award to Al Q’aeda and all its sick twist adherents.

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  8. BOOMER

    Is this the catalyst for a sell off?

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  9. larry

    alias: BPOE

    Read English_Xinha and you will see that they are already pumping up the infrorstructure stocks. Special deals for pollution,alternate fuels and agriculter companies. Making intrest rates higher is not going to stop China. They drill holes in coins to help inflation. That way you can buy bread with your jewerly.

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  10. JakeGint

    Boom — sometimes all it takes is an excuse, but in a rational setting, no.

    Just not that big a deal, unfortunately. And you hate to be cynical about it, but I can’t help thinking that Musharef knew something about this…

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  11. WildWestie

    NTRI short interest up to 19,562K shares. 34,255K outstanding. Last qtr they warned first week of Oct….expect a warning next week if it is going to happen.

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  12. ottnott

    It isn’t the sort of thing you like to see happen in a country with nuclear weapons and safe havens for terrorists.

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  13. ottnott

    Some commentary of interest on the Apple-Fox deal:
    iTunes Movie Rentals: Winners And Losers (AAPL)
    Dan Frommer | December 27, 2007 4:46 AM
    The FT and others report that Apple and News Corp.’s 20th Century Fox are preparing to announce a digital movie rental service via Apple’s iTunes store. The service hasn’t been acknowledged by either company, so it’s a bit early to call it a hit or a dud. But here’s a look at some potential winners and losers if the service ever takes off.

    http://www.alleyinsider.com/2007/12/itunes-movie-rentals-winners-and-losers-aapl.html

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  14. Dinosaur Trader

    Jake,

    This is a big deal. While it may not kill the market today or even next week, these events don’t bode well for the future stability of the world.

    -DT

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  15. Todays news will be forgotten by 2008.

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  16. …however, if the stability of the world does go into shambles, be sure to buy you some Owen Illinois (OI).

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  17. Juju bear

    The repercussions will be felt in 2008, but people won’t remember why.

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  18. Dinosaur Trader

    Anon,

    Unfortunately, I agree.

    Let’s get back to that crazy tiger in California… that’s what’s important.

    I mean, I want to know if I can bring my daughter to the zoo or if bloodthirsty caged predators are going to rip us to shreds.

    -DT

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  19. JakeGint

    Still short GES, thankfully.

    ____________

    AP Financial News Break:

    Dynamic Materials changing stock symbol to “BUST.”

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  20. JakeGint

    Sorry Boomer, I’ve had that one in my joke carrel for a while now.

    “Use it or lose it.”

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  21. CubsRock

    Get ready to scalp some spicy wings if it drops under $24

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  22. BOOMER

    That’s a good one! I am out of BOOM and waiting for a test of the 200 day, if my guts about a macro selloff are correct. I just think its due. Pure speculation.

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  23. Juju bear

    BOOMER,
    Why are you thinking the 200-day? The stock looks like it bounces nicely at the 50-day.

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  24. WhoMe?

    Tit for tat. Let the rioting begin.

    Bhutto supporters are going to strap explosives on and try blowing themselves up near Musharef. If crazed suicidal lunatics who hate Christians, Jews, and western ideals enjoy blowing themselves up with a pansy ass explosive like TNT, just imagine how much fun they’ll have knowing their whole nation will get obliterated if they launch a bunch of nukes westward.

    What a fucked up world we’ve created.

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  25. Juice

    You’d blow yourself up if you had nothing to live for in this life because you failed to get what you wanted from this life, gave up trying, saw no way out & were sure there would be 69 virgins waiting for you in the afterlife.

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  26. BOOMER

    Juju – First, keep in mind that I am whacked out crazy and you shoudn’t listen to me. I am fulltiltshithouseratcrazy and I make a lot of trading mistakes. But, I always trade my guts.

    Since you asked, here’s where I’m coming from:

    I am operating under the thesis that markets will sell off hard in the new year. Why? CDOs, SIVs, etc.

    I believe this “credit crunch” is materially worse than anyone believes. I think people will be prosecuted and hauled off to the big house. I think banks will go belly up.

    Sky is falling? Nah, but severe.

    Therefore, I believe that BOOM will be taken down with the markets. Additionally, due to the low float, high short ratio, and high institutional ownership, selling pressure will be severe in BOOM.

    Also, the last recent bounce off the 50 day was weak to me.

    Anyway, I trade it like I see it. Could be very wrong…I’m willing to be wrong. Being wrong is part of being right. Eh…I think that made sense.

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  27. WhoMe?

    Juice:

    You’re right. I wanted to be taller and better looking in this life. I’ve been bummed about the crappy cards I was dealt my whole life. Screw it, I guess the answer is to strap a bomb on and go kill myself and a bunch of innocent people.

    Thanks for enlightening me.

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