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
23,433 Blog Posts

Apocalypse Trading

Aside from SWHC and RGR, CAB could see some further upside, as people get their guns and hunting equipment ready.

Look, I love shit like this. It doesn’t take much to get me in a store, shopping for “survival gear.” We all know, deep down, it’s a crock of shit. But fads die slow.

Anyway, I can’t get behind gold here. The very notion of buying something with a gold brick is very, very foreign to me. If someone tried to buy something from me, using a gold brick, I’d punch his mustache off.

Just saying.

Today will likely be a bounce day, ahead of Obama’s big speech. Nonetheless, I am not really motivated to go long in any size. I might buy a little CAB, only because it’s insane and I like shit like that. And, I still like SWHC and RGR.

Bottom line: quit trying to catch bottoms, fucktard. All of the banks and basic material stocks are too hot to handle. If you want to play the long side, delve into “non-toxic” sectors, like guns or drugs.

NOTE: If oil stocks go lower again today, I may cover my shorts.

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40 comments

  1. Pete

    You kow what? I am pissed off this morning.

    I just saw the trailer to the new Star Trek movie…and it turns out Kirk commanded the starship when he was a tween…

    I didnt know they would turn back time on the crew like this. Sigh.

    Its like how dumb do they think we could get?

    Anyways. I’ll see if I can play some SSO, or just stay away. Today we go higher. Tomarrow we gap lower. Whats new?

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  2. gappingandyapping

    TBT needs to be bought here.

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  3. j

    Gold is 85% consensus to the upside of a poll i saw, fly. This thing has a capacity to drop 100 bucks if it gets a head of steam.

    Here’s the thing… Fucking gold could be at 700 and still look like a champ with the S&P at 600.

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  4. TheArtist

    GOOOOOD MORRRRRNING VIETNAM !!!!!!!!!!!!!!!!!!

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  5. j

    Forget it , This market looks like shit again. GE is back in the red.

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  6. gappingandyapping

    Your cave is being foreclosed on!

    http://www.foxnews.com/story/0,2933,498865,00.html

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  7. DB

    Fly – If Crox announces they will make a shoe in camoflauge color, will you get long that too?

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  8. GeneralWestmoreland
    GeneralWestmoreland

    I love the smell of naplam in the morning.

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  9. the prof

    HD: haven’t been in the store up here in CT once in the last six months (except briefly around Christmas) when store employees didn’t outnumber customers 2:1…

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  10. The Fly

    DB

    No.

    Fuck off.

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  11. T MOE

    More spending on the way. thanks for the change

    http://news.yahoo.com/s/ap/20090224/ap_on_go_co/spending_bill

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  12. j

    GE is going to possibly drag everything with it.

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  13. SWHC – becareful here..look at a weekly chart with a 30 ema..acts as a lovely lid for this piece of shit.

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  14. The Fly

    Here we go.

    short oil/long guns.

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  15. The Fly

    Anon:

    It will “shoot” right through it, if I may be so bold.

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  16. AlphaLoboTrading

    SWHC – becareful here..look at a weekly chart with a 30 ema..acts as a lovely lid for this piece of shit.

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  17. The Fly

    AlphaLoboTrading:

    It will “shoot” right through it, if I may be so bold.

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  18. AlphaLoboTrading

    Fly…bold, you may. But we need to see that happen. There may be shooters in the crowd buying these guns names, but I sense (like a wolf) that there are snipers waiting at that average.

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  19. thesnowjob

    buy gold dips.

    go back to sleep.

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  20. Henry Fool

    grabbed a little NG on the breakdown @ 2.70

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  21. AlphaLoboTrading

    GOLD – a sign of the top is when the price targets get “crazy”…early this morning I was listening to an analyst speaking in Madrid (Spain has some good hunting grounds for wolves) and he was predicting gold at $6000…this is a clear sign of a top..at least for now.

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  22. TheArtist

    Lets face it, the government is in a state of confusion and most likely will try to patch this economy bit by bit horribly and will let it drag around for years.

    The Dow WILL hit 6999 and might hit it before weeks end.

    If the DOW hits 6999, our only question is will that put in more fear and it drop like a MOAB on a hut full of screaming children to 6000 or will we rally like a bitch?

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  23. Henry Fool

    more NG @ 2.62

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  24. Doctordirt

    I have not read anywhere what your acronym PPT stands for. Is this related to the infamous plunge protection team, or what does this exeplify? Just curious. Best Regards.

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  25. TheArtist

    Phat Profits Today (PPT)

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  26. Jack Welch

    who shit in my shower?!

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  27. dave

    What does PPT stand for?

    Sounds like a contest to me.

    Fly,

    Does a DVD and email alerts come with that?

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  28. TraderCaddy

    As Patton said: God,Guns,Guts, and Family.
    Homies are banking some $$ on long scalps.
    Thanks homies.

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  29. JakeGint

    P owerful

    P antsuit

    T eam.

    _________

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  30. TraderCaddy

    Only us losers are left to comment here.
    The cool people are on the PPT forum.
    Power to the losers.
    We will inherit the earth.

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  31. JakeGint

    P owerful

    P artnership

    of

    T ortfeasors.

    (md sawzall suggestion)

    _____

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  32. sniper6

    Pathetic
    Penis
    Tasters

    oh wait, sorry, not trying to piss anyone off, just havin’ fun!

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  33. TraderCaddy

    Lady G. must be in the PPT forum.
    No philosophy going on here.
    Just good ole bull sessions.
    This is now a headache free zone.

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  34. sniper6

    ah yes, the “bachelor pad”, pass me a can of Piels and some pickled pork knuckles…

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  35. sniper6

    It looks like I won’t be able to follow iBC after this week. That’ll suck, I really like this place. A change of assignment is going to take me away from the internets for a long time. Bummer.

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  36. Controller

    I was thinking the same thing about the change in this forum, maybe the PPT forum got all the BS and we get spared. Maybe it’s good to be cheap!

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  37. TraderCaddy

    Good luck sniper6.
    It was fun.
    Note: I applied for a lawyer type job a long time ago in INS part of Homeland Security and was one of the finalists up until last month. Good thing I didn’t get it. I too wouldn’t be able to pull up the blog during the day and they probably wouldn’t let me watch Leave It To Beaver.

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  38. Lady G. must be in the PPT forum.
    No philosophy going on here.
    Just good ole bull sessions.
    This is now a headache free zone.

    I love it, Thanks PPT Forum!
    I noticed that the comment section has been a better read.

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  39. JakeGint

    Sniper — if your job is taking you overseas and in harms way for our country, Godspeed to you.

    Good luck, in any case.

    ___________

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  40. sniper6

    Thank you TC & JG, good luck to you as well. Don’t get all bleary eyed just yet, I’ll be here for the rest of the week. You might be tired of my lame stock picks and sketchy humor by then anyhow.

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