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
21,506 Blog Posts

Coiled Oil Springs

The lower the market goes, the greater the chances are for a ‘bounce back/short squeeze.’ I know things look dire at the moment. However, as sure as I’m sitting here, the market will rally again, much to Mr. Mortgage’s chagrin.

Now, I do not have a death wish to bottom fish for banks, despite my dastardly [[UYG]] position. However, I think it makes sense to put my balls on the oil guillotine, for the blade is very dull.

I am not afraid of you oil bears. You’re all weak and old. The whole lot of you.

Just know, if I hear any of you talking shit about [[RIG]], I may spend resources to track you down, then have your mustache punched off at your favorite eatery– while drinking a fine Chardonnay.

Other energy stocks worth buying are [[HP]], [[NOV]], [[ARD]] and [[OII]].

Aside from longs, sell short any bank located in California. Personally, I am short a variety of banks, yet again, including: [[HBHC]], [[CATY]], [[WABC]], [[HRB]], [[PACW]], [[HDB]], [[PCBC]], [[VLY]] and [[UMPQ]].

Thus far, PCBC and VLY are leading the way, for inclusion into the NEW “Reverse Five Horsemen” of Death and Hard Work.

NOTE: Another buck shaved off [[PZN]]. Losers. Look for [[JNS]] to follow suit.

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27 comments

  1. Juice

    I’m never get tired of saying – BIG is still a short.

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  2. Juice

    How about some TXCO for cane season?

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  3. DSB

    Guess what starts in 40 minutes?

    EARNINGS!!!

    ADOLFO DOMINGUEZ SA ADZ.MC N/A Time Not Supplied Add

    AMREP AXR N/A Time Not Supplied Add

    EMERALD ENERGY PLC EMEYF.PK N/A Time Not Supplied Add

    Equity Lifestyle Properties, Inc. ELS 0.65 After Market Close Add Listen
    Flagstar Bancorp FBC -0.02 Before Market Open Add

    Genentech, Inc. DNA 0.86 After Market Close Add Listen
    IMMUNODIAGNOSTIC SYSTEMS HLDGS IDH.L N/A Before Market Open Add

    Macatawa Bank Corporation MCBC 0.06 After Market Close Add Listen
    Mechel OAO MTL 1.21 Time Not Supplied Add

    Northern Financial NSFC 0.24 Time Not Supplied Add

    Novellus Systems, Inc. NVLS 0.04 Time Not Supplied Add

    PacWest Bancorp PACW N/A Time Not Supplied Add

    Qiao Xing Universal Telephone XING N/A Time Not Supplied Add

    Royal Philips Electronics PHG N/A 01:00 am ET Add Listen
    Scottish Re Group Limited SKRRF.PK N/A Time Not Supplied Add

    Stanley Furniture STLY 0.01 Time Not Supplied Add

    Tandberg ASA TAA.OL N/A 11:00 am ET Add

    Viaggi del Ventaglio S.p.A VVE.MI N/A Time Not Supplied Add

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  4. InternationalGroupie

    BIG definitely got ransacked today. And i only put a minor position, damn. Here im all recommending and don’t consider my own advices.

    Update: Bounce in BIG is here.

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  5. Aristotle

    Mr Fly,

    You omitted OXY from your list of oil longs. No finer stock will you find. They will beat earnings when they announce this month.

    Bank on it!

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  6. Cardiff_Giant

    FLY-
    From your all knowing point view what is the best inverse ETF to put NEW money in right now? FXP, REW, SRS, SKF etc

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  7. Granpa

    Fly you really are a genius. Thanks.
    But it’s the funny way that you make such valid points that does it for me.

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  8. Mr. Spock

    How do our sensors describe the action in RIG right now, Mr. Sulu?

    Sulu: Tee hee! “Petering,” sir! Tee hee!

    Fascinating!

    _

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  9. Jakegint

    Cardiff,

    Don’t forget the secret ETF — EEV.

    Guard it closely.

    __

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  10. The Byrds

    Hey! Mistah Plunge Protection Team

    Pull ’em green, for me…

    In the jingle jangle morning,

    I hope to sell my stock, tooooo….

    ___

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  11. mrkcbill

    Jake,

    I think you mean Bob Dylan- No

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  12. Peter Noonan

    Roger McGuinn and the rest of those Byrds stole my song.

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  13. The Byrds

    Owwwww! Mistah Plunge Protection Team

    You’ve fucked it up, for me…

    In the jingle jangle morning,

    I’ll be bloody — fuck yooooouuu….

    ___

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  14. The Byrds

    We covered Bob’s original song, to a much more melodic and record selling effect, thank you very much.

    Hmmff!

    _

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  15. Herman's Hermits
    Herman's Hermits

    Noone, you freakish leprechaun!

    Get off the fourth tier circuit and stop embarrassing us!

    (Back to our cave, now).

    __

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  16. Herman's Hermits
    Herman's Hermits

    Oh, yeah, and spell your name correctly, too, you Davey Jones-porking wanna be homunculus!

    ___

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  17. The Byrds

    See for yourself, KC… and please, don’t bag on us for the haircuts.

    It was a different time, and chicks dug us.

    _

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  18. Peter Noone

    Sorry chaps. I was busy with Mrs. Brown’s lovely daughter on this sea cruise.

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  19. Anton Cigur

    I had a good day w/SKF and all, but this is still kind of scary: http://www.ocregister.com/slideshow/bank-people-time-2093028-federal-indymac?pos=3

    Just the people I thought would be in line, too. Will be the same line for gov’t cheese next year.

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  20. Holy Shit

    Holy Shit, Shed, only 550 or so more points to up 500 today!

    __

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  21. mrkcbill

    LMAO– We get the SKiFfles ballad and now we get 60’s music blended with stock commentary all in the same day. I have a feeling this 60’s theme has legs— can’t wait for The Turtles, Mama’s and Pappa’s and how bout some Lovin Spoonful

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  22. Jakegint

    Anton,

    Here’s another another heart warming tale from a nice Pasadena company…

    _

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  23. TraderCaddy

    Roger McGuinn actually lives a few miles from my house so if I see him at Taco Bell I’ll tell him you say Hi.

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  24. Zenprofit

    The Fly is taking requests:

    1960s Top 100 Hits:

    1 Hey Jude Beatles 68
    2 Light My Fire The Doors 67
    3 Love Is Blue Paul Mauriat 68
    4 Satisfaction The Rolling Stones 65
    5 Louie Louie The Kingsmen 64
    6 Cherish The Association 66
    7 I Want To Hold Your Hand Beatles 64
    8 California Dreamin’ The Mamas & The Papas 65
    9 You’ve Lost That Lovin’ Feeling The Righteous Bro 65
    10 Come See About Me The Supremes 65
    11 Theme From A Summer Place Percy Faith 60
    12 96 Tears Question Mark & The Mysterians 66
    13 The Letter The Box Tops 67
    14 Strawberry Fields Forever Beatles 67
    15 I Can’t Stop Loving You Ray Charles 62
    16 Where Did Our Love Go The Supremes 64
    17 It’s Now Or Never Elvis Presley 60
    18 Honey Bobby Goldsboro 68
    19 I Can’t Help Myself The Four Tops 65
    20 This Guy’s In Love With You Herb Alpert 68
    21 Dock Of The Bay Otis Redding 68
    22 Windy The Association 67
    23 Groovin’ The Rascals 67
    24 Mrs. Robinson Simon & Garfunkel 68
    25 Kind Of A Drag The Buckinghams 67
    26 Back In My Arms Again The Supremes 65
    27 My Girl The Temptations 65
    28 Sunny Bobby Hebb 66
    29 I Got You, Babe Sonny & Cher 65
    30 Tossin’ & Turnin’ Bobby Lewis 61
    31 She Loves You Beatles 64
    32 Crimson & Clover Tommy James 69
    33 Oh Pretty Woman Roy Orbison 64
    34 Runaway Del Shannon 61
    35 Rhythm Of The Rain The Cascades 61
    36 Everyday People Sly & The Family Stone 69
    37 Baby Love The Supremes 64
    38 Never My Love The Association 67
    39 People Got To Be Free The Rascals 68
    40 Hang On Sloopy The McCoys 65
    41 You Can’t Hurry Love The Supremes 66
    42 Monday Mamas & Papas 66
    43 The Twist Chubby Checker 62
    44 Ruby Tuesday The Rolling Stones 67
    45 Save The Last Dance For Me The Drifters 60
    46 Last Train To Clarksville The Monkees 66
    47 Moon River Henry Mancini 62
    48 Downtown Petula Clark 65
    49 Stuck On You Elvis Presley 60
    50 Good Lovin’ The Rascals 66
    51 House Of The Rising Sun The Animals 64
    52 Mr. Tambourine Man The Byrds 65
    53 Aquarius/Let The Sun Shine In The 5th Dimension 69
    54 Wooly Bully Sam The Sham & The Pharaohs 65
    55 Mashed Potato Time Dee Dee Sharp 62
    56 Reach Out I’ll Be There The Four Tops 66
    57 Light My Fire Jose Feliciano 68
    58 San Francisco Scott McKenzie 67
    59 Cathy’s Clown The Everly Brothers 60
    60 Love Theme From Romeo & Juliet Henry Mancini 69
    61 Only The Lonely Roy Orbison 60
    62 Big Girls Don’t Cry The Four Seasons 63
    63 Up Up And Away The 5th Dimension 67
    64 You Were On My Mind We Five 65
    65 Sugar Sugar The Archies 69
    66 Laugh Laugh The Beau Brummels 65
    67 Stop In The Name Of Love The Supremes 65
    68 Ode To Billie Joe Bobbie Getry 67
    69 A Day In The Life Beatles 69
    70 Duke Of Earl Gene Chandler 62
    71 Happy Together The Turtles 67
    72 I’m A Believer The Monkees 67
    73 Summer In The City The Lovin’ Spoonful 66
    74 Good Vibrations The Beach Boys 66
    75 Proud Mary Creedence Clearwater Revival 69
    76 Like A Rolling Stone Bob Dylan 65
    77 The Wanderer Dion 62
    78 The Lion Sleeps Tonight The Tokens 62
    79 A Whiter Shade Of Pale Procol Harum 67
    80 Sounds Of Silence Simon & Garfunkel 65
    81 I’m Sorry Brenda Lee 60
    82 The Last Time The Rolling Stones 65
    83 Fingertips Stevie Wonder 63
    84 Return To Sender Elvis Presley 63
    85 I Heard It Through The Grapevine Marvin Gaye 69
    86 Hold On I’m Comin’ Sam & Dave 66
    87 My Guy Mary Wells 64
    88 The End Of The World Skeeter Davis 63
    89 It’s Not Unusual Tom Jones 65
    90 Papa’s Got A Brand New Bag James Brown 65
    91 Sunshine Superman Donovan 66
    92 I Say A Little Prayer Dionne Warwick 67
    93 Glad All Over The Dave Clark Five 64
    94 Spanish Harlem Ben E. King 61
    95 The Stripper David Rose 62
    96 Respect Aretha Franklin 67
    97 Gentle On My Mind Glen Campbell 67
    98 Will You Love Me Tomorrow The Shirelles 61
    99 Apples, Peaches, Pumpkin Pie Jay & The Techn 67
    100 Get Off Of My Cloud The Rolling Stones 65

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  25. TraderCaddy

    I would add Herb Alpert (Taste of Honey) and Jefferson Airplane (Somebody to Love).

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  26. Danny

    How about a recording of tim leary mumbling for 25 minutes on the b-side of a boston tape?

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  27. TraderCaddy

    Danny – I saw poet Allen Ginsberg in the early ’70s when he came to the UF campus and that’s what he sounded like.

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