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
23,431 Blog Posts

The Stock Gods Love “The Fly”

Well, so far in 2008 the stock Gods have bestowed great fortune on the one named “Fly.”

I must be hallucinating; because I believe [[MVIS]] just issued two press releases in as many days. Something tells me there is more to come.

Also, there have been some dreadful retail numbers coming out of the US and Britain, as of late. Yet, gangster clothing retailer [[URBN]] is piping hot.

I suppose the gangsters are not feeling the economic slowdown, son.

[[MON]] smoked numbers. If you insist on going long, the ag complex is the only sector worth overweighting. Right now, I feel [[VMI]] is a buy.

Also, looking at some alternative energy plays, I found [[GRH]]— a play on wind energy.

How could one go wrong with wind?

Finally, if the market does not bounce today, we’re going down 5% within a week.

On a bounce or not, I will sell short more [[LEH]], and add to my [[FXP]], [[SKF]] and [[EEV]] positions.

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39 comments

  1. DPeezy

    VMI is looking like a nice buy…5 consecutive down days; bounce on cue today from the uptrend line. Perfect.

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  2. JakeGint

    I hope no one followed the short term panic sell call from yesterday, as I cautioned.

    You know our slogan:

    “Jake: More Right since ’98.”

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  3. Asshat Dip Buyer
    Asshat Dip Buyer

    Jake, you appear to be coming along very nicely.

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  4. Asshat Dip Buyer
    Asshat Dip Buyer

    It really is so fulfilling, to bank coin so quickly, after sentiment goes so sour, no?

    Quite Odd.

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  5. BOOMER

    BOOM tested the 50 EMA again and bounced. Might be good for 64 if market conditions stay OK. I BOT 4k shares this am.

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  6. The Fly

    I’m up on all of my shorts today.

    How’s that RIMM short?

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  7. JakeGint

    That BOOM is one bankable trading stock alright.

    Don’t want to be there when Dooc’s “earnings manipulations” story comes out, though.

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  8. JakeGint

    The RIMM shot I took out at $121, when it gapped on earnings?

    It’s a thing of beauty.

    I’m actually thinking of shorting more, but I’d like to see it scrabble at this 23% fib one more time, like a wayward child that can’t turn the door handle.

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  9. BOOMER

    Duc is a dook. Geez.

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  10. JakeGint

    RIMM will struggle along here, and fight against the dying of the light, etc, etc.

    But make no mistake.

    That shit is cooked.

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  11. JakeGint

    “Duck, I says.”

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  12. The Fly

    Ok, anyone who could admit that deserves some respect.

    “The Fly” has just switched from “destroy Jake mode” to “give that man a 40oz. and a blunt mode.”

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  13. JakeGint

    People have put forth the statement:

    “This is all well and good, but I wish I knew where the homo hammer of death line was on the Cubes….”

    Be querelous no longer, as I’m going to make it easy as pie for you.

    The homo hammer line of death for the cubes is $50.

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  14. TraderCaddy

    Keeping a daytrade eye on JBLU. Hit bottom on much volume this AM. Moving opposite of some of the carriers. Remember the foreign carrier bought in the low 7s.

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  15. The Fly

    Wait, let me “recant” my previous post.

    Did you just bullshit your way into saying you started to short RIMM @ $121?

    Because, if my memory serves me right, you were busting my balls for buying it at $100.

    Fuck you, you’re dead, again.

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  16. JakeGint

    That’s what stops are for, right? You can’t be right all the time with this shit.

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  17. JakeGint

    No, I re-shorted at $121, but took an ass hammer at earnings, which I never should’ve held through.

    I thought that was common knowledge, as I was wearing my hair shirt that day.

    That’s greed for ya.

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  18. The Fly

    Wait, I may have to “recant” my “recant” post.

    Are you saying you stopped out at $121?

    If so, I sincerely apologize for my previous “fuck you, you’re dead, again” post and wish to mail you a 40oz oz. of St. Ides malt liquor and a Philadelphia blunt.

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  19. JakeGint

    I can’t get behind air lines. Do you know it’s the only “industry” group without a net positive income throughout it’s history?

    It’s a freaking capital eating monster.

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  20. The Fly

    Ok, so you reshorted more, instead of covering.

    Hmmm.

    With that being said, I can offer you a 22oz. of Old English malt liquor and a pack of bamboo paper.

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  21. JakeGint

    No, I stopped out at $113, or something horrendous like that. I try not to waste too much time poring over the wreckage.

    In fact, it’s rare that I’d re-short in such a tight time frame, but it ran up so quick to that $122 area which was a resistance zone, so….

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  22. JakeGint

    Isn’t it “Bambu?”

    Has it been that long since you’ve inhaled, Governor?

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  23. The Fly

    Even better.

    With that being said, all I can offer you is a 64oz. bottle of Crazy Horse premium malt liquor and a corn pipe.

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  24. TraderCaddy

    They are a trade only. Anywhere between 5 minutes and three hours. Funny, but, I remember the cover of Barrons (Dec. 1989, I believe) that had UAUA on the cover when it was $220/share.

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  25. The Fly

    I remember when JBLU came public and the stock was ripping.

    Everyone thought “this airline will be different.”

    I guess not.

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  26. TraderCaddy

    I hear they are adding a new button on the overhead on planes. Call steward, light on, in Chapter 11.

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  27. JakeGint

    My parents love JBLU down to Florida…

    It’s a cost thing… just too much competition, too many union embedded costs, fuel costs, etc.

    LUV treads water, JBLU is like LUV, the rest are for shit.

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  28. JakeGint

    This Alix Steele broad is real easy on the eyes… but wtf is she wearing here??

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  29. JakeGint

    BTW — if you catch the HP “Burton Board” ad right after… that guy used to be my tennis instructor when I was a little kid.

    Odd, no?

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  30. BOOMER

    just flipped out of 4k BOOM at 62. didnt want to press it. 5k+ not a bad first trade of the year

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  31. TraderCaddy

    Nice trade. Turning into a scalper? Tradebot will flip hundreds of millions in ten seconds to make 50K. I read a WSJ article about six months ago where some trader moved his Tradebots from Kansas to NJ to gain a millisecond advantage. I would hope all Tradebots blow fuses this year.

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  32. BOOMER

    SBUX getting homo hammered – again. SBUX to 12.

    Any of you city boys ever had a cup at Joe The Art of Coffee? I like that joint.

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  33. BOOMER

    caddy – i am just nervous in general. sticking to what i know, but not thinking what i know matters. i really believe shit is gonna blow the fuck up soon. starting to sound like slope of hope dude.

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  34. Chuck Keating

    Pick up some AKNS, Fry. Easy money.

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  35. Alvari40

    BOOM,

    Nice first trade. I’m still looking to get my ’08 legs and am currently just floating around with an FYY long and waiting for the rain on the West Coast. I am certain that the drab conditions to come over the next few days will inspire the short side creativity. Until then, I hope this first week scares the shit out of the remaining longs. With that said, I am looking to start a long position in AVAV.

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  36. JakeGint

    I don’t expect the Cubes to get much past $50.65 today, and if they get there and bounce lower, I’ll be shorting there again.

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  37. TravelinLight

    Boomer… I was home in Nashville over the Holidays… got out to Loveless for some biscuits and fried chicken and took a drive on the Natchez Trace out to Leiper’s Fork.

    Been in South Florida too long. It was good to see some tall trees and rolling hills again. Speaking of Florida… cold as hell down here right now… OJ crop in trouble if it gets worse this week.

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  38. JakeGint

    Speaking of OJ — tee shirt seen at the Rose Bowl (USC vs. Illini), where the Illini had a player with the nickname of “Juice.” —

    Our Juice Will Hurt You, but he won’t Kill You.

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  39. TraderCaddy

    I have about twenty citrus trees and everything did fine. It got to about 28 deg. for about two hours here in Orlando area. It sweetens the fruit. Trouble begins when it gets below 28 for more than four hours.

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