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
23,449 Blog Posts

Magic Show

Before I begin my rant, I want to acknowledge the excellent work of Lord Gint, from the Masai tribe. He nailed the reflation trade better than anyone out there, including Senor Tropicana and his juicebox friends.

Gold stocks are breaking the fuck out. I hold small ABX and DGP positions. I regret selling NGD. Taking profits is always a bitch. Instead, I find myself saddled with some names that are not reacting to the melt up in commodities. My chief concern is FTK, of course. Don’t worry, I have the patience of an elephant.

If natty continues to go higher, ARD, SD and ROSE are three stocks worth owning.

As for me, well, I am having a mixed day, with gains in OVTI, ERX, SD, ATHR, RFMD, GLW and CROX, while picking sand out of my eyes long FTK, SIFY, SFE, IR, and ENTR.

With respect to IR: the stock is down due to the likelihood that they will be removed from the S&P 500, since they are moving to Ireland—fucking tax evaders. At any rate, IR is a fucking buy on this dip.

Finally, the market is in the process of making your money disappear, providing you are short, of course. I will look forward to banning Josh1ngU from iBC—forever— when the market closes in the green today. Oh, one last thing before I bowl, whoever picked CTIC in The PPT— killer job.

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44 comments

  1. Jed

    mrkcbill does not make any market moves without first consulting Dionne Warwick on the Psychic Hotline.

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  2. j

    oh my God. The market is absolutely crashing. It’s down 7 points as we speak. May the lord help us.

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  3. Big Mike

    Ugh…is this going to be another yawner of a day?

    What does everybody do when the day is slow? I usually turn on my Ipod or watch stupid vids on Youtube..

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  4. ML237

    What magic? Did FTK or ENTR magically rallied for once? 😉

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  5. Granpa

    Chanci, are you inferring that only females can posses CLASS? Just asking?
    Have you read any of the Tabbed Bloggers, they all have class.
    Then you have Juice, Boomer, and TradderCaddy just to name a few.
    Not to mention that our fearless leader is in a Class of his own, above all bloggers.
    This is the best there is. Enjoy it for what it is and take out the Class that it gives you while remembering The Fly didn’t call it IBC for I Bank Class.

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  6. mrkcbill

    Jed, wears cargo shorts filled with quarters.

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  7. isay

    Mike…
    Poker, Work on the bunker,go to Wal-mart and squeeze tomatoes?
    Your call.

    ML237…Edit

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  8. Mushroomz

    I am marveling at the brilliance of one General Jackson this fine Friday.

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  9. BAN JOSH

    If the market closes positive today, Josh will be banned. Everyone wins.

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  10. bernie's acountant
    bernie's acountant

    Devildog averaging down on FAZ.

    http://www.youtube.com/watch?v=6P4wUG7Zllo

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  11. LMAO on the DevilDog video I needed a good laugh

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  12. Giving Cudos

    CTIC was brought to the attention of the PPT on the forum by PikerPaul, soon to be a distinguished gentlema

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  13. Giving Cudos

    CTIC was brought to the attention of the PPT by PikerPaul, soon to be a distinguished gentleman of course.

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  14. Jim

    Dear Fly:

    I am a newbee member of the PPT. The service seems to provide lots of great content. However, I do not have a computer brain like yourself (peasize perhaps if you were to make an analysis). I have a few questions regarding how to maximize the PPT:

    1. Is there a “user manual” of sorts that lists stategies, theories, etc. on how to use the plethora of data supplied by the PPT?

    2. I love the PPT tools box which ranks stocks by tech/fundamental strength. However, it seems that many people, including youself, use the toolbox to identify stocks that are below the “buy” trigger (3?) but may be about to execute that trigger. Is this the proper way to use the screen?
    As a corrallary, it seems many people aren’t keen to hop onto the uber bullish (4+) stocks. Does an extreme bullish reading portend a reversal?

    Thanks for any help you can provide.

    Jim

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  15. Swatter

    The SPX 200SMA will be a day of reckoning for The Fly. He will be given one opportunity to repent his long positions as he will be forced to drop the bag along with the rest of the weaklings.

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  16. Big Mike

    The 10year is rallying like crazy, why arent we rallying in the equities?

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  17. chanci

    Granpa, I do enjoy it, I read it every day, practically an addict. Not only the bloggers, but all the posters as well. It is a very classy joint. I just want a female blogger. It’s a girl thing.

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  18. gappingandyapping
    gappingandyapping

    I continue to believe my NatGas sources on FTK that they are in major trouble and hence why the Board is bailing. I hope you guys do well in it but its concerning to me. If it can’t rally with this move in oil that’s a problem.

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  19. Henry Fool

    IMGN wants the weekly close over $8.
    I know this for a fact!

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  20. The Fly

    Jim:

    this may help

    http://ppt.ibankcoin.com/?page_id=34

    Also, check out the “user screens” section. Take a look at mine. I put a lot of thought into them.

    I will try to post a how to this weekend for new subs.

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  21. The Fly

    Gapping

    Your sources don’t know that FTK has the right to convert bonds to equity, effectively raising lots of cash. The stock is just stuck in mud, that’s all.

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  22. Anton Cigur

    Family game night at the Fly household:
    http://bit.ly/EHzt

    ————–

    Huzzahs to Jake, for sure. He’s been blogging up a sweat.

    “Masai tribe…” That must be what they mean by “Black Irish.”

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  23. Henry Fool

    I also think the bears may get squeezed into the close again on a weekend just cause they’ve been beaten up!

    look for CROX to swing over $3 if buying kicks in.

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  24. Granpa

    You go Girl!
    A little sugar and spice is always nice.

    Everyone here loves Bocca. At the same time, everyone hated LadyG. Just a guy thing? No, just cool people and asshats.Don’t matter your plumbing.

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  25. Henry Fool

    top 3 to close your week if we rally to close

    EXEL close over $6
    IMGN close over $8
    CROX close over $3

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  26. Granpa

    Henry, clear air over 8.04.

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  27. Jed

    To impress his friends (all 3 of them), mrkcbill puts dimes in his penny loafers.

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  28. gtg414g

    give CA some love for calling ADLS too… this guy is ridiculous

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  29. Henry Fool

    Ya granpa you gotta love that BO when it happens. Pretty!

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  30. Sierra Water

    Very funny! I’m sitting here retired watching the Narcisist Jake throw up over himslef every day. My positions were placed 5 years ago and all spelled out in detail 3 years ago on my blog while Fly and his cronies chastized me for describing this exact scenario.. By the way this has nothing to do with Reflation, this is a bridge between Deflation and Hyperinflation. Nothing more. Jake, shut up and go screw yourself! One more time.. shut your hole! I don’g give a shit what your about to spew. Just stay silent.

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  31. SteveThe Neighbor
    SteveThe Neighbor

    Watching Sharapova play tennis on ESPN2.
    Women’s tennis is almost as good as beach volleyball.
    If they would only stop grunting and yelling after each shot.
    My neighbor Fly could get the wrong idea.

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  32. Yogi & Boo Boo
    Yogi & Boo Boo

    Sierra, Bitter?

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  33. JakeGint

    LOL.

    Why is always me that attracts the angry, tin foil bonneted nutjobs? I mean, I’m a conservative, you freaks!

    Don’t you all have a 9/11 Truther report to de-construct or something?

    ________________

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  34. JakeGint

    Sorry, my thanks to Master Fly for the above compliment… I didn’t even realize we were on a new thread, just saw that outta the blue attack from Mr. Bizarro from the side bar.

    Appreciate you giving me the forum to, er… “spew,” etc.

    😉

    ______________

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  35. Yogi & Boo Boo
    Yogi & Boo Boo

    Hey Jake, Thanks for the NGD the other day. Oh, and don’t forget your tinfoil hat before you leave the office. 🙂

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  36. Anton Cigur

    Sorry, Granpa. I like Boca, to a great degree, BECAUSE she’s a girl.

    Just feel kinda sorry for MissG.

    _______________

    Sierra – “Narcessist?” I don’t see that. He’s actually working very hard here, and in altuistic fashion.

    Please re-post your thesis from 3 years ago in the PG.

    The readers here might find it helpful.

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  37. Anton Cigur

    Sorry, Granpa. I like Boca, to a great degree, BECAUSE she’s a girl.

    Just feel kinda sorry for MissG.

    _____________

    Sierra – “Narcessist?” I don’t see that. He’s actually working very hard here, and in altuistic fashion.

    Please re-post your thesis from 3 years ago in the PG.

    The readers here might find it helpful.

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  38. Anton Cigur

    ^^^^^
    Egad. Tried to correct the egregious spelling, but alas…

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  39. Granpa

    Anton, Boca is the FIRST LADY of IBC. Class and smarts all the way.
    Lady G, sad case, sure, but she seemed to bring alot of it on herself and couldn’t seem to stop herself from digging the hole deeper.
    Hey Anton, you’re a class guy too.

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  40. JakeGint

    Anton — too funny, I thought you were just making fun of nutjob’s egregious spelling attempt of same.

    Thanks for the compliment.

    ________

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  41. Sierra Water

    I just read what I wrote and am ashamed. But it still felt good at the time when I wrote it.

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  42. JakeGint

    “Ashamed” is a nice start.

    With my three year old, we try to move him directly to “apologetic,” but then, that’s the where it gets tough for all of us, isn’t it?

    😉

    ____________________

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  43. Sierra Water

    Well, if you would take a longer gander in the mirror each morning you may begin to realize its not your fault.

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  44. JakeGint

    ^^^

    That I’m ugly? I know, for that I blame a homely maternal aunt whose genes I seem to have inherited (my parents were both stunning creatures).

    _____________

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