Glorious Jupiter

Let’s not tarnish today’s trade with small talk. “The Fly” enjoyed the fruits of his labour [sic] today, while roaming around vast swaths of land, eating figs off the trees.

All of my stocks BROKE THE FUCK OUT, including FTK, RFMD, DELL, IR, GME, ERX yadda, yadda, yadaa. I was up another 9%, while dipping unleavened bread into olive oil. Go jump into oncoming traffic, if I might be so bold as to suggest doing so.

I get bored talking to most of you, since you offer nothing of real/tangible value. You are the GM of this stock game, while I am GD. My tanks blow your bullshit SUV’s out of the way, particularly when I am going for egregious coffee breaks.

The stock Gods bestow gifts of glee upon THE HOUSE OF iBANKCOIN. It is clear, and also evident, that we are to displace all of the incumbents, who readily throw their readers into large vats of aged acid.

As for me, I will enjoy the rest of my day, just sort of roaming around, taking it easy.

Godspeed.

Top pick: FTK

NOTE: The Overall Hybrid score for The PPT closed with its highest score ever: 3.25 (buy)

On days like this, in the midst of a massive melt up, try not to get caught up in the euphoria. It is days like today that separate the haves from the have-nots.

With that in mind, I am selling out of some of my lesser quality names and taking profits on recent scorchers.

Thus far, I have sold out of 90% of my CUZ and TWI positions, while trimming RFMD by 50%. My goal, as always, is to raise my cash position to about 20%, up from 5%. I think the market goes higher; but that doesn’t mean dick.

Part of this game entails buying when no one else wants to: but it also includes selling when I do not want to. Believe me, I want to buy lots of shit today. However, I am tempering my aggressiveness with memories of past failures and inadvertent dunks into dark pits of tar.

Needless to say, I am banking “robbery-style” coin today, at a criminal rate. I have called all of my bearish friends today, making sure to gloat, in order to twist the knife a little deeper. See, I do such things, as a friend, so that NEXT TIME they will heed my warnings, indeed.

Looking at CTIC, it appears the Distinguished Gentlemen of The PPT knocked another one out of the park. Nothing to see here; just another day at the office.

So, in summary, book profits, raise cash, but do not dare sell short.

FLY BUY: I bought 10,000 FTK @ $2.35.

FLY BUY: I bought 10,000 MWA @ $3.90

I bought 15,000 FNSR @ $.72.

Disclaimer: If you buy FNSR because of this post, the head of the black panthers will move next door to you. And, you may lose money.

And I quote: “Our recent checks indicate the LCD supply chain is in full recovery mode,” Weeks said. “The LCD supply chain continues to replenish; glass supply and demand is very tight right now, much stronger than we anticipated. This has led to an imbalance in glass supply and demand that will likely last through the end of the third quarter. As a result, we are raising our second-quarter glass volume expectations.”

That was the CEO of GLW telling you to cover your shorts, yet you chose to listen to random internet fucktards. For the love of guns and bombs, the LCD market is on fire. How many fucking time need I remind you?

Aside from GLW, other plays include ASGLY, HIMX, DIOD, AUO, LPL, KOPN, TRID and maybe a little IMOS. That’s all. I help you too much already, and for what?

One more bone: with oil going higher, look towards the parts and service names; you will thank me later.

Today, my year to date gains surpassed 60%, thanks to just about everything. Going forward, I have not determined whether I will take some profits or add to positions. Either way, the market is going higher, so you better prepare to marvel at my market hand for quite some time.

Whether it be a matter of happenstance or true time machine magic, my skills are no longer up for debate. Instead, you need to think about personal solvency. “The Fly” enjoys the luxury of magic carpets and personal printing presses, amongst other things, while you struggle to pay for your cell phone service.

In short, “The Fly” wins again.

ibc_issue2 –

Looks whose blog is on fucking fire.

Resistance is not futile, but suicidal. Surrender is no longer an option, only death by large magnets.

Instead of shorting the market, during epic melt ups, might I suggest diving head first into a human sized birthday cake?

More thorough market analysis, like this, later.

[youtube:http://www.youtube.com/watch?v=s2O1DdvzSc8 550 400]

The stock Gods favour The Chart Addict, as evidenced by Josh’s swift decapitation. I single out Josh, not because he is a douchebag doomsday circle jerker; but because iBankcoin must be held to a higher standard than other blogs.

If you choose to be a vocal commenter/blogger on iBC, you better bring your A game, else deal with the consequences. With regards to Josh, he will never be heard from again, since he is now banned from the iBC penthouse and oversized refrigerator. I am sure he will find a new home, like one of the queer TIM sites, that he can call “home.”

Quite frankly, this whole ordeal was rather embarrassing for Josh. I am sure he is pleased with his gruesome, but necessary, decapitation.

As for today’s trading:

I made buckets of coin. Shit, I am going to celebrate this weekend, via buying a new car. What are you doing?

In short, a few of my stocks enjoyed “key reversals,” including FTK, ENTR and SFE. For the day, I was up more than 4%, due to my uber bullish position, now with just 5% in cash. My gains, year to date, are north of 57% and my pimp hand is stronger than yours.

If you are interested in gaining access to all of the tools at my disposal, join The PPT; you will not be disappointed.

NOTE: iBankCoin Wealth Strategies will post another report on Sunday.

My thoughts, in video.

UPDATE: I sold out of my CROX position, at $2.88.