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

The Action is Good

Forget about the Dow for a minute. I am seeing leadership stocks melting up. In tech, Apple Inc. [[AAPL]] , Research In Motion Limited (USA) [[RIMM]] , NVIDIA Corporation [[NVDA]] , Ciena Corporation [[CIEN]] , amongst others, are robust. Within commodities, from Flotek Industries, Inc. [[FTK]] to United States Steel Corporation [[X]] , they are strong.

The point here is this: do not be scared off by the hat fuckers on CNBC. This maniac market is one buy program away from a full reversal, which will rout the bears in burlap in the most heinous fashion.

The only stock on my buy list is Jarden Corporation [[JAH]] , due to my small cash position (less than 6%). However, if I had more funds to invest, I’d buy Nucor Corporation [[NUE]] , POSCO (ADR) [[PKX]] , TEKELEC [[TKLC]] and Ctrip.com International, Ltd. (ADR) [[CTRP]] , as if they were water and my fucking hair was aflame.

I have a few errands to run for the remainder of the day. So, be well and try not to step in any murderholes. They’re killers.

[youtube:http://www.youtube.com/watch?v=WLrrBs8JBQo 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

37 comments

  1. Le Fly

    I did not buy x at 57 you liar

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  2. Le Fly

    I just bought x a few days ago.

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    • The_Real_Hmmm

      Did Jamey make you bring it to his coke party under the deck with disco lights, trance music, and bocce?

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      • JakeGint

        “Jamey?”

        There are no JPM employees on the USS Jackson, though we may reserve the right to plant them in buckets of concrete and use them as harbor anchors.

        _________

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        • The_Real_Hmmm

          Jamey is your war name, from Civil Blog War 1 between the 190 degree zombies of Keurig and the bow-tied gold robots of El Dorado.

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  3. Le Fly

    Ho hum

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  4. Le Fly

    Buy program into the bell

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  5. FAZtrader

    Fly, someone told me that FAZ is a great company with excellent prospects. Do you think it’s a buy here?

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  6. TraderCaddy

    Don’t stay out too long.
    The reversal of the reversal is here.

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    • Bobby Boucher

      I’m sure he’ll be back in time for the reversal of the reversal of the reversal.

      fid

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  7. The_Real_Hmmm

    This market is being gayer than a three legged bear.

    Go to the 0:50 mark. http://www.youtube.com/watch?v=76OgQ0iH_cA&feature=related

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    • TraderCaddy

      That bear walks like my 80 year old Uncle Leo. Only the bear doesn’t fall down.
      I get black bears in my yard (3 acres), usually in the Spring, laying on the ground ripping the berries off my bushes in the woods.

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      • NoMoreGlobocop

        “I get black bears in my yard (3 acres), usually in the Spring, laying on the ground ripping the berries off my bushes in the woods.”

        I see you double-bogeyed English in Hah Skyewl.

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    • The Fly

      That’s a funny vid.

      This post caused the market to drop 70 points.

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  8. T MOE

    “This maniac market is one buy program away from a full reversal, which will rout the bears in burlap in the most heinous fashion.” – –

    There could be a robot waiting to hit a large sell program too. Things go down faster than they go up

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  9. blues

    hey fly, just want to congratulate you on that 12:21PM post… it was exactly the “reversal” time of the SPY…

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  10. The Fly

    Not so fast, FUCKFACE.

    The day is young.

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  11. The Fly

    BTW: Are you betting against me?

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  12. SlipperySlope

    I heard Fly is still buying the dips? Odd no?

    And on a superior site ( I know that doesn’t narrow it down much) I heard that he bought X at 57? How’s that working out for ya?

    Keep buying the dips friends, please just keep buying.

    Have a lovely weekend, maybe read some reality blogs…here’s a link… http://market-ticker.denninger.net/

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    • JakeGint

      Ole “Catcher’s Mitt Face?”

      A reality blog??

      Yeah, like Devil Dawg’s bunker in Montana is a “reality” vacation spot.

      ______________

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      • The_Real_Hmmm

        LOL. I miss his scathing retard calls. “S&P to 150, sheeple. P U”

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  13. OldA

    Sold my tech names into that ramp in the Dow to -45….sold TKLC, TLAB, NVDA, TXN, NSM, TQNT, JDSU…but held onto QCOM, and bought some ETFC, MRK, LLY & BMY. Not shorting yet, but will look to on a push of the Qs over 44 next week….have a nice weekend.

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  14. FIG

    Just watched Michael Pento on Yahoo Tech Ticker. The guy actually on point. His view is precisely where I see things going. Interestingly, he pushed SQM. There has been quite a bit of talk about that company. I am gonna need to watch it while I keep adding to my short positions.

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    • Dirk Diggler

      Is this the same Michael Pento who loved MON in June of ’08 when it was at $120 ($75.95 today) because of a long term macro thesis involving food shortage? Sounds like the way you think, Milkshake.

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  15. SlipperySlope

    Oh, I’ve hooked one, just a tiddler though, so I’ll throw him back in.

    PS …buy gold…but wait til it’s back at 850.

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  16. T MOE

    TMoe remains busy today

    TMoe shorts UPL at $47

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  17. T MOE

    /ES — S&P mini’s bounced off of 1060 again like yesterday.

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  18. MOOBS

    http://www.youtube.com/watch?v=WWc0IJLGi0U

    We ‘gon put you in the squeeze!

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  19. Mr. President

    MRO is cheap as hell.

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  20. scum bucket bitchez
    scum bucket bitchez

    Sold 2 U.

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  21. The Fly

    All of my posts pertaining to X, via the PPT

    You wrote: 2/6/2010
    9:54 PM
    @ $44.78
    Edit | Delete
    “on immediate buy list”

    You wrote: 2/8/2010
    2:03 PM
    @ $44.55
    Edit | Delete
    “bot 3,000 @ $44.80”

    You wrote: 2/9/2010
    9:46 AM
    @ $45.50
    Edit | Delete
    “The OVERSOLD indicator wins again.”

    You wrote: 2/11/2010
    10:31 AM
    @ $45.30
    Edit | Delete
    “bot 2,000 north of $45.90”

    Fuck off bearshitter.

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