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
23,441 Blog Posts

I Took Profits, What Did You Do?

Don’t give me the horse shit about taking profits. I know my bias is bullish. That is not going to stop me from preparing for an exogenous event, such as “The Fly” being wrong.

I sold off a variety of names, with exception to the homos at [[M]] and National-Oilwell Varco, Inc. [[NOV]] . At least for now, they are keepers. But, it would be asinine not to take some coin off the table on The Mosaic Company [[MOS]] , [[ROM]] , [[DIG]] , [[UYG]] or [[EEM]] , after their 30% jumps.

I see oil is trading off here, due to gay oil traders. On that news, I want to stay on the sidelines, smoking a large Cuban, while throwing water at people down below in the street.

I have a new watch/buy list, directly from The PPT. I need you to understand something: “The PPT,” despite what your opinions may be, is a fucking God send for me. I put all I know into this little analytic engine and it is saving me hours upon hours of research time. With the extra time, I am able to do all sorts of egregious shit, such as throw empty coffee cups on my neighbors lawn, throw jumping jacks at piker brokers on Wall Street and draw mustaches on the ugly man who dons my $100 bills.

In short, I think it makes sense to take some profits, but avoid going short. The bias is still up. Moreover, do not be surprised to see this market hit 10,000 by turkey day.

NOTE: My cash levels are now north of 50%.

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16 comments

  1. The Zombie

    THE FLY IS GOD.

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  2. jack

    Why?

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  3. The Zombie

    DeNiro line from “Taxi Driver” to you, Jack.

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  4. mdawsz

    Actually, I’m seeing a lot of asshole dip buying out there.

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  5. kidstock

    Well played (again). You’re in the zone.

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  6. Garr

    What’s with GS today? Bueller?

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  7. Damon

    …The Street.com had a buy rating on MOS and a sell target of $37.83, and guess where that bee-otch ricocheted like a ping-pong ball off of?

    Or maybe it was just The Fly taking his egregious gains?

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  8. Commodities King

    Fly,

    CLNE is down quite a bit even though natural gas is rising. Any thoughts on when to get in? Is prop 10 doomed and how much risk is involved for CLNE?

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  9. The Fly

    I know you didn’t come here and tout TSCM right?

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  10. The Fly

    The whole CLNE debacle is a result of cheaper oil, poor America and an idiotic T. Boone Pickens getting blown out.

    I like it down here.

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  11. Rodney Dangerfield
    Rodney Dangerfield

    I bet $1000 on this 14-1 nag that won by a whisker and made $14,000 cash money. That aint speculation motherfuckers that’s plain ol putting your balls on the chopping block and coming away with both of them.

    Wait, am I dead?

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  12. Horse Shit

    MOS is a keeper … word up – Obama will make fertilizer a tax write off.

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  13. Damon

    Hell no, I despise Cramer and his ability to commit fraud with impunity for the last several decades.

    I just read the TSCM report on MOS off my TD Ameritrade account.

    I think most people don’t realize Cramer was just a guest analyst, like all the other talking heads on CNBC in the late 90’s, hyping his wares all through the dot-com rise and crash.

    Then he gets his own show? WTF? It’s a full-on conspiracy.

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  14. T MOE

    With every person that gets on TV saying they are expecting the market to go higher makes me even more negative. Volume is still light.

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  15. Ass Napkin Mike

    Shorting TS here.

    Its going the fuck down. Bet?

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  16. derr

    I bought ammo.

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