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

People Will Work Again

Quit bellyaching about jobs. For those of you who are unemployed, send your resumes into iBankCoin, for I am looking for qualified people to shine my shoes.

You see, folks, I bought [[MWW]] , before the C student analysts upgraded the name, in anticipation of an improving employment market. It’s only a matter of time, via hook or crook, people of America will work again. Granted, their jobs will suck moose balls; but it’s work, nonetheless.

In a normalized jobs market (5-6%), [[MWW]] is worth north of $40. Write it down somewhere, put it in your sock drawer, and go eat a bowl of Chinese noodles.

Yet again, the market is melting up—no surprise there. What is surprising is the price action in Flotek Industries, Inc. [[FTK]] . I mean, what in God’s good name are the short sellers thinking? With more than 20% of the shares sold short, and commodities running, Flotek Industries, Inc. [[FTK]] is poised, mind you, to break the fuck out, “murking” scores of bears along the way.

As an aside, AT&T Inc. [[T]] is kicking ass on the smartphone front, now signing up Dell Inc. [[DELL]] . Verizon Communications Inc. [[VZ]] is an ass.

To play this, you want to own the names who benefit from the At&t build out, such as Ceragon Networks Ltd. [[CRNT]] , Starent Networks Corp. [[STAR]] , Alcatel-Lucent (ADR) [[ALU]] , TEKELEC [[TKLC]], ADTRAN, Inc. [[ADTN]] and [[ERIC]] .

Separately, General Cable Corporation [[BGC]] is doing all sorts of good shit and will likely blow the barnyard doors off estimates.

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27 comments

  1. Jworthy

    Not to mention that TEVA buy.

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  2. The Fly

    Is that DRYS over $7 again?

    Hmmm

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    • dubz

      Indeud!

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    • masterpain

      SELL!!!!

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    • j

      I bought DSX recently and seem to be doing well. Don’t have any debt to speak of. Down side it’s an ADR originating from Greece. But then again seeing I own Chinese stocks Greece looks positively first world.

      ——–

      I took a bet on HSX in the frantic buying you did the other day. the freaking thing won’t stop rising to add more.

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  3. bucket brigade

    Is AT&T a too big to fail play?

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  4. Teahouse On The Tracks
    Teahouse On The Tracks

    Onward Indeud!!!

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  5. Tim Knight

    I couldnt take it any longer so I covered all my shorts at a substantial loss and threw it all in one big into the SSO.

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  6. Fly Leech

    Fly, Thank you for Wednesday’s post “Commodity Losers of 2009”. Having large amounts of FTK, I went through it to pick a favorite and came up with CENX which I bought mid-day. Now, they’re beating AA. Does more of this go on in the PPT postings?

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    • The Fly

      yes

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      • Bubo

        Does PPT have live charts?

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      • RNB

        PPT tough to understand, requires upfront payment, no preview, and little to understand what is offered to try and decide value. I’d suggest either developing a better teaser so I and others can understand the PPT better, or if my blind arse can’t see it, making the link easier to find. It sure is easy to pay. I’ve paid many but had an idea what I was getting into first.

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        • The Fly

          Will work on it.

          Just know, it’s for serious traders. It is a kick-ass, time saving tool, with live commentary and RT trade alerts.

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          • JakeGint

            The PPT is a coin mill.

            It banques so much coin that we’re actually grinding wheat into flour via “cash-flow” power alone.

            Next, we hook up the electric generator so we can self-power the servers.

            _____

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          • Richy

            Le Banque de Coin.

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          • MX2101

            Unless it is McDonalds, every product cannot be for everyone. PPT has a niche, no need to water it down for the masses, unless that is the new business plan.

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        • TA

          That’s some great points

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  7. Largebill

    Fly,

    I see you have declared VZ an ass. However, it is an ass that rakes in cash each month and pays a reliable strong dividend. How low does it need to go before it is a must buy? I liked it at 30, but didn’t pull the trigger because I I’ve foolishly been sitting on cash waiting for a correction. If it gets much below 29 it will be hard to resist getting some and holding long term. Any thoughts besides it being an ass?

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  8. ChnDragun

    Bought MWW when Fly bought. Sure glad I did. but closed out all positions this morning too early.

    You the man Fly. great call

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  9. He Says She

    Fly, every once in a while, you should put up a screen capture or two of the PPT (from a few days/weeks) earlier so people get an idea of what it looks like, what’s being said in there etc..

    I’ll kindly tell myself to F%$K off now.

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  10. Teahouse On The Tracks
    Teahouse On The Tracks

    Fly … Christ, stop buying MMR for just two minutes you bastard so I can get my piker order filled, will ya?!?

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  11. Yogi & Boo Boo

    Tuna Melt up for lunch anyone?

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  12. Pedro

    I think it’s Merk, not “Murk”

    Hence, Merking

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