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
23,414 Blog Posts

Watch Out for that Idle Manhole

Despite your perverted visions of fire and brimstone, the market is giving you the middle finger and bidding up stocks, with impunity. At the bell, Research In Motion Limited (USA) [[RIMM]] will post numbers. If I was a gambling man, I’d lever up to the RIMM table. However, I rather take the pussified approach, via getting long [[ROM]] .

Soon enough, the economy will start to matter again, thus giving people reasons to hate stocks. However, I still believe there is a good 400-600 points left in the Dow, before we hit dirt again.

For the most part, hedge funds have underperformed the broader markets this year. It is my belief that these idiots will use whatever fire power they have left to gun the market, in order to save their pathetic jobs.

With my money, I intend to milk these egregious individuals by positioning ahead of them. For example: right now every asshole with a series 7 is long banks. Well, soon enough, I will sell my bank holdings and overweight commodities. Trust me when I say, the month of October will be a Godly one for commodities.

Also, I like the solar space here. My favorite way to play them is via [[TAN]] . Why fuck around with individual equities when you can buy the whole sector, via TAN?

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39 comments

  1. The Fly

    lies

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  2. wtf?

    fly, refiners are starting to perk up here…how bout some WNR??

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  3. recusancy

    AUY
    WFR
    WLT
    NOV
    ERII

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  4. The Fly

    Refiners are so summer 2008.

    I am done with them.

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  5. The Fly

    “The Fly” is a coal man now.

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  6. Poocati

    http://www.anotherversionofthetruth.com/

    Click around. Seems relevant to this bailout. Odd, no?

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  7. ZenProfit

    A Special Request for The Fly:

    http://www.youtube.com/watch?v=NBkrAESUbyI

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  8. Aris

    my buddy is an electrician; he installs solar panels in cali. i don’t believe for one minute that solar is going away. he’s backlogged for 2 years.

    also, i’ve owned RIMM since thursday of last week. it’s fucked. the price action is terrible, and i fully expect to have my face ripped off tonight before i even make it home to sell the garbage. AAPL is better.

    obviously, i hope to be proven wrong, since the company sells a lot of those fucking things, even with layoffs in manhattan. nevertheless, [adami]the AAPL valuation is much more attractive[/adami], even with skinny steve.

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  9. Market Fool

    Angel Mozilo eat your heart out…the Fly is the new “Tan Man”

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  10. recusancy

    Aris… There’s no doubt that solar is here to stay unless somebody masters cold fusion sometime soon.

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  11. Danny

    Fly is not tan — he is so white that when you rub greasy chicken on him, he turns clear. It’s actually an “ability” not a disadvantage.

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  12. chivasontherocks

    schumer is a mother fucking evil retard. playing politics a usual. hate fucking politics.

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  13. Juice

    Everyone enjoy that rally?

    Good.

    Remember the feeling.

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  14. chivasontherocks

    this deal is far from being done, and if it’s done the way the retarded senator from ny ( asshole schumer ) said it was going to get done, we have a fucking problem.

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  15. Pot

    Fly, do you like POT for October?

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  16. Poocati

    http://www.anotherversionofthetruth.com/

    Click and drag I should have said.

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  17. TAN needs to punch through $22 and break resistance

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  18. Hashima

    The Fly likes POT any time of year.

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  19. Juice

    who doesn’t like POT for October? nov, dec, jan, feb ….

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  20. ottnott

    Aris Says:

    my buddy is an electrician; he installs solar panels in cali. i don’t believe for one minute that solar is going away. he’s backlogged for 2 years.

    You’ve identified one of the constraints on the industry’s rate of growth – there aren’t a lot of people who can do a good job of designing and installing the systems.

    The bigger constraint, however, remains the dependence on tax credits and other subsidies. The 8-year extension of the current tax credit is a big positive for the industry. The year-by-year extensions, with the occasional loss of subsidy, made it tough to run a business.

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  21. Poocati

    RIMM with an 8 handle

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  22. HUMBLE

    “THE UNITED STATES OF GENERAL ELECTRIC”…
    GENERAL ELECTRIC IS PURE POWER AND WILL BE THE FIRST TO FEED ON THE BAILOUT MONEY…

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  23. Juice

    Who doesn’t like POT for October? nov, dec, jan, feb ….

    Did RIMM blow chunks? My quotes ain’t working!

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  24. Senor Fly, Europe imports high sulphur coal from the US because they have scrubber facilities to reduce pollution. There is an Indian reservation that has coal and has made a deal for a coal to liquids plant. The Powder River area has the busiest rail traffic in the country – there is a triple track into the largest open pit mine and constant traffic of empty trains in and full trains out. However, does coal not track oil fairly closely?

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  25. Juice

    Who doesn’t like POT for October? nov, dec, jan, feb ….

    Did RIMM blow chunks?
    My quotes ain’t working!

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  26. Danny

    rimm missed, check my post

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  27. Danny

    85.98

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  28. Ozark Hillbilly

    Yes, who wouldn’t want a good TAN going into the winter?

    And every asshole who watches assholes w/ series 7’s is long some bank, or gambling egregiously on FNM, FRE, AIG, WM, etc.

    I’m not a big fan of tech, however.

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  29. Juice

    Oh what a shame ! 🙂 🙂 🙂

    Looking to cover 81 or so.

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  30. Juice

    Come to Papa .. a little lower please.

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  31. Danny

    81.xx, nice one juice.

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  32. Juice

    Thankyou merry much !

    Off to eat some rib eyes … no make that striped bass with a white wine reduction 😉

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  33. Terminal

    Did you see the boondoggle size has been cut by almost 2/3?

    Bailout in installments with initial $250B.

    How are the scammers going to take that tomorrow?

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  34. Danny

    iBC always wins.

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  35. Juice

    Will reshort upper 80’s should they run her ass up that pole again.

    oh, excuse me .. this is a family website.

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  36. Danny

    Fuck you Juice, no it isn’t.

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  37. Karl Marx

    Witness the class struggle that is so inherent in the system.

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  38. Aris

    hahaha – just as i predicted, RIMM got blown the fuck up.

    goddamn me for not being able to lose it today. i’d wanted to dump it last friday, since i was way up on the position, but haven’t had any net access. now i have to look at that filth sitting in my account until it gets a lift from all the average-downers.

    i was going to buy a new blackberry next month, too. fuck them. i’ll get an iphone and mail the box/receipt to RIMM with a nice deuce in it.

    i hope canada dies.

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