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

All Aboard!

This market is fucking steam shipping over you losers. When I say “loser,” I am referring to those of you who think you know more than “The Fly.” Scientifically, of course, that is impossible.

I DO NOT digress.

I will say, picking from the trash heap of stocks is quite amusing. Granted, their fundamentals are monstrously awful; and if I were not drunk on gains, I’d slap myself for even looking at half of these stocks, let alone purchase them. Nonetheless, it’s fun and profitable to delve into garbagio stocks, if only for a few days.

My position sheet is too long and tedious to repeat. However, I will say, if forced to choose one sector long, I’d go with the shippers.

Unfortunately, I sold out of my [[GNK]] yesterday. But, the good news: I’ve been buying blocks of [[TBSI]], as if my head was on fire.

Within the shippers (industry ranked 11 of 202), The PPT likes the following:

[[TDW]], [[DRYS]], [[HRZ]], [[NM]], [[TBSI]], [[HOS]], [[GNK]], [[DSX]] and [[TK]].

If you want to see The PPT, and vote for either Jakegint of Cuervoslaugh, I strongly suggest signing up for my most gracious “one day pass” offer for $2—as I will NEVER offer this deal again.

In closing, I am bullish because it treats my checking account well. Until that relationship is interrupted, I’ll be over here, in my splendorous chair, eating up blocks of orphan stocks, while you sit there in your wooden school chair, staring at an egregious foreclosure notice.

Top pick: TBSI

iBC Election UPDATE: (polls close at 4)

VOTE!

Who will be iBC’s next tabbed blogger? [88 votes total]
JakeGint (65) 74%
Cuervoslaugh (23) 26%
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45 comments

  1. ZenProfit

    Fly:

    What are you looking at to tell you to bail on these latest buys?

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  2. Homo Bob

    You can also combine penny garbage with shippers: TOPS
    I also like ULTR, crazy recent earnings.
    Cheers!

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  3. MOOBER

    Fly – the PPT is well done. Congrats. Anyone who doesn’t take a peek at $2 is a damn fool.

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  4. damn fool

    …ah hem…I BEG your pardon !

    .

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  5. howie2092

    “”and if I were not drunk on gains, Iā€™d slap myself for even looking at half of these stocks”” –best post evar.

    Should we hold over the weekend or dump the junk at eod?? I usually sell too soon, so please advise.

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  6. Cash-N-Guns

    the parade of penny playtards piling post percentage appreciation here is quite hilarious…you will all be calling to Cramer hoping he likes these shit…Poof your gains shall vanish quite shortly playa’s…of shit.

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  7. Bullshit Police

    You already used the I do not digress joke, Coulier.

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  8. Juice

    This market is getting to be like musical chairs or hot potatoe .. enjoy while it lasts & keep one foot out the door.. I have a feeling it is gonna get ugly, sooner than later

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  9. Asby22

    I signed up for the PPT appetizer, and it sent me apassword, yet when i go to the login, and enter said password, it just redirects me back to paypal. what is the story here.

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  10. Dan Quayle

    Hey Juice – i remember you from grade school and that crazy spelling bee!

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  11. ottnott

    Juice – you mean you don’t believe the market when it tells us that the malls will be mobbed starting in the fall?

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  12. DPeezy

    You’ve gots to wait a little bit, ‘Asby22’.
    The PayPal codemonkeys are slow on the uptake and the whole transaction takes about 30min to actually activate…

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  13. slap me nekid and hide my clothes
    slap me nekid and hide my clothes

    The “gintster” is beating his adversary…

    …like a redheaded stepchild !

    Why I’m SCHOCKED !!!

    .

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  14. Henry Fool

    Fly: You should go all Woodstock and declare a FREE SHOW!!!
    Letem all in for the last 2 hours of trading. FREE PPT!!

    I see SFLY is ranked #116 a PPT BUY… I agree!

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  15. ScottSecret

    Do not harsh The Fly, muchachos.

    Evarbody is worried about the extremitude o’ the rally. Which means it keeps going up. Because everyone thinks it is on the verge of going down. The market is all about the ass rape, whereby the stuff everyone is worried about, is the stuff that doesn’t happen.

    What the Fly is in effect underlining, is that around start-May, we get a patch where people retardedly start to worry a little less and get more confident – THAT’s the point where we plummet vociferously. Fly told me so at our jazzercise class last nite.

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  16. Henry Fool

    This PPT is easy as pie!!

    I just do my normal scanning and homework for stocks and then check with the PPT engine and filter out the crap. Done! I sleep like a baby and the checking account is lookin sweet!

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  17. gappingandyapping
    gappingandyapping

    Fly back in 2006 you had discussed ad nauseum about the 7 week cycle. Does this apply with our current trend, if you don’t remember I can search flyonwallstreet for the posts.

    Oh and the squeeze is on with DRYS, I suggest you buy some here, just a little to wring the necks or some shorts.

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  18. Juice

    Ott . malls filled … absolutely .. I believe!!

    Quayle .. I thought I knew you

    Cramer says NO pullback ! ruh-oh šŸ˜®

    Cramer is fighting back against his critics .. you see him lose it against that index fund talking corpse?

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  19. Juice

    Melt up, a la 1999 … good times

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  20. Juice

    CLF setting up

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  21. gappingandyapping
    gappingandyapping

    Fly any thoughts on taking profit after a 20% gainer in AMKR?

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  22. DEVILDOG

    Kinda stupid to be buying at the top guys.

    Who was it a month ago that said the rally would end at S&P 874? Who posted it several times? DEVILDOG!!!

    873.58. Sold all my longs and bought another 40K shares of FAZ at 8.67. I’m 300% SHORT.

    Have a great weekend!!!

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  23. j0sh1ngU

    i am adding shorts right now. seeing exact same thing devil

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  24. pdf

    I WANT MY TWO DOLLARS!

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  25. Cash-N-Guns

    cramer..who the fuck listens to that goat scrotum…he also predicted dow 5300, and loved GS at 200 on its way to 50…i spit on cramer with gin breath..

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  26. wolf

    FAZ at 5 next week. Thats when I buy.

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  27. Dirk Digler

    I am happy to see JakeGint ahead in the polls. He is to iBc and the Fly as Ryan Seacrest is to American Idol and Simon Cowell. Jake is our own Ryan Seacrest. Go Ryan…I mean Jake!

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  28. The Fly

    Gapp

    I sold out of AMKR today.

    Nice memory on 7 week cycle. How many weeks are we in now?

    The 7 week rally is as good as gold.

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  29. DEVILDOG

    j and Jake, sold my DZZ for hefty profits today and used the proceeds for my FAZ buy today. Thanks for being great contra indicators. GOLD DOWN!! Odd no?

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  30. Cash-N-Guns

    Fly(owner of dog shit) this is the 7th week..6th pure up wk.

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  31. The Fly

    I will be unwinding my longs early next week.

    Signing off as “owner of dog shit” aka “banking clown coin in your face.”

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  32. RosenRush

    Just got long some of Fly’s favorite SRS. When this thing breaks down it’s going to be uglier than Obama butt-fucking McCain.

    I agree with Fly that this thing will probably run another couple of weeks, but who knows what the catalyst will be that will drive this thing down?! It could happen tomorrow for all we know.

    There is no fucking way that the banks are really making money right now, and even if they are from core operations, their shitty balance sheets are still inflated and there are more losses to go. Citibank ONLY lost the least amount in 2 years and we’re happy?! What the fuck?!

    Also, everywhere I go people are scared shitless about losing their jobs and are afraid to shop or eat or leave their houses.

    We are definitely heading back to 750, maybe 700, and by the time we get there, I will be convinced that 600 is still in the cards.

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  33. Cash-N-Guns

    Fly…well done – smooth sailing laddie. Good day sir. Off to prepare some rum and cokes..for my south florida hoochie’s

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  34. ZenProfit

    Anyone know why SIRI is gaining?

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  35. Gary Owen

    You women don’t be scared when I buy TBSI on Monday in the 8.70ish area. Just act like you should, sell me every one your shares, and I’ll come back next week and show you some pictures of me partying with the money I made when I sell in the neighborhood of 9.50.

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  36. the prof

    continuing to build a large short position in emini’s… expecting a large gap down Monday.

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  37. artha

    otherwise sensibly occupied today. Jake would’ve got my vote anyway. PPT offer is still up to check out over the weekend or monday, right ?

    I’ll probably just do a month anyway

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  38. ryan

    Your SRS is improving

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  39. Cash-N-Guns

    was that a bell crackpipe asshat Cramer inversely inadvertently rang…no pullback..Fuck you Yimmy…the bitch is probably in T bills personaly..what a jerkoff

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  40. DEVILDOG

    S&P 875.48 HIGH. My call a month ago @ 874. Off by 1.48. Margin of error = .0016933. I can live with that. Beat the FLY bad since the bottom. Fly buying here is going to burnt again. Fly, how’s that new career coming? You’re gonna need it.

    Beat the crap out of j and Jake on my gold call too.

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  41. TraderCaddy

    Happy trading and happy weekend.
    Off to the SEC golf championship at Sea Island, Georgia.

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  42. Gary Owen

    Ah, Sea Island. Where one can learn a term like “Wampy-Jawed” from a woman worth $100M.

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  43. PRICERUNNER

    FXP and SMN keep an eye for next week. Smart money ratio at this point 67% bear Dumb money buing the most all year this week!

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  44. DEVILDOG

    PRICERUNNER Says:

    FXP and SMN keep an eye for next week. Smart money ratio at this point 67% bear Dumb money buing the most all year this week!
    April 17th, 2009 at 3:10 pm Vote: Add rating 0 Subtract rating 0

    Boy are you gonna get taught a hard lesson next week.

    Yeah…the BEARS have been totally stupid from S&P 1576 DOWN to 666. Dumb as dirt BEARS. It’s too easy making money off you charging bulls in a BEAR market. I rode your stupid cow herd rally all the way from 666 to 875 and I’m a stupid BEAR with a final target of S&P 150 in the next few years. Starting Monday 4/20 you’re going to be one of the stupid fucking cows stampeding for the exit. Too funny!
    MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!

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  45. DEVILDOG

    BTW, for all you Fly following retards that don’t have a mind of your own and make the same trades as Fly, and are commenting above how this rally will go higher because everyone thinks it will not, I suggest you take a look at the VIX if you know what it is. Fear and wall climbing are obviously rampant. Too stupid you are.

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