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
23,445 Blog Posts

40 Points a Day Keeps the Pitchforks Away

This is a lovely market, supported by all of the finest people. You people are like small babies, with retarded brains, when it comes to investing in stocks. Take offense when I say “you have zero to offer the world,” just prior to seeing you try to burn it down. Never go to the website of a space alien magician and pretend to know the first thing about investing.

For example: many of you are so dramatic with your “critique” of my [[VXX]] position, as if it was a personal offense to you. You behave as if I said “your Mother is a Great Whore, who lives under a trailer homer, servicing convicted felons, in her spare time.” Relax yourself and go eat a greasy pork chop, lathered in lard. The discussion of ^Vix versus VXX is inane and unimportant. What’s important to know is that volatility, as measured by the Vix index, is near historical lows. Now, if you are so inclined to test out the brand new race track, in a brand new Ferrari, sans the breaks, be my guest and purchase call options on the Vix, that expire inside of a month. This way you can really get a nice great pop, or drop, for your money. Personally, I am perfectly content utilizing the slow moving vehicle, albeit flawed, that does not expire worthless next month.

It’s no secret that The Boeing Company [[BA]] is kicking ass, so far in 2010. Apparently, we are in, yet another, aerospace boom. Stocks like BE Aerospace, Inc. [[BEAV]] and Spirit AeroSystems Holdings, Inc. [[SPR]] have responded in kind and titanium plays are ripping higher too, namely RTI International Metals, Inc. [[RTI]] and Titanium Metals Corporation [[TIE]] .

All of the metals are charging higher, due to [[VALE]] proposed price hikes. Without a doubt, that is very bullish for the sector.

In short, this market is so fucking tempting to sell short; but it’s just not feasible, considering how much momentum there is to the upside. That pretty much sums up my thoughts aka “deer on Wall Street.”

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36 comments

  1. Insanity Trading
    Insanity Trading

    The last selloff started from a rumor that was getting ready to come out about greece. We got hoodwinked!!! sold our positions, and now hoping for a selloff to get back in.

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  2. Insanity Trading
    Insanity Trading

    The last selloff started from a rumor that was getting ready to come out about greece. We got hoodwinked!!! sold our positions, and now hoping for a selloff to get back in.

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  3. Dirk Diggler

    so fly

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  4. DMG

    “You people are like small babies, with retarded brains, when it comes to investing in stocks.”

    ROFL – i love it!!

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  5. Salty Nuts

    Dear Jake:

    Please stop sending me invitations to dinner. I told you for the last time… I’m happily married.

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    • Danified

      Jake does not date transgenders….. you have mistaken the invitation…. lol

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      • Salty Nuts

        Really?

        Do you mistake “My nuts Your Chin” to mean something else?

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      • JakeGint

        Maybe he’s Mr. Peanut, like that annoying commericial they’ve been airing all throughout the NCAA’s?

        ________

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  6. richard

    It is safe to go all in. The all clear has been given by CNBC; a 12000 DOW is a chip shot from here with Tiger holding the wedge. If possible, mortgage the trailer, borrow form the in-laws, buy on margin, and be rich in just 10 trading days. It’s Obama world, and the market can only go up. Retracements have been limited to 3% by Pelosi, no need to even watch the ticker. I don’t know what happened, but god bless the democrats for a perfect world. It doesn’t get any better than this.

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    • Danified

      LMAO….. It’s a happy, happy, joy, joy world.

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    • Frank White

      Thanks for the heads up. I put my entire net worth into BIDU today because the Fastmoney Crew loves it. Can’t remember who recco’d it, was it The Cumgargler or The Rumpwrangler? So hard to remember their nicknames…

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    • richard

      I love it when they talk about “overbought” like it was a bad thing. In Obama world, “overbought” means buy more, buy more, buy more. New rules folks, new rules.

      I just quit my job, going to become a full time trader. THIS IS SO EASY.

      My brother-in-law told me that the secret to being a big time trader is to sell your losers, and let your winners run. I asked him what in the hell was he talking about? I’ve been buying the worst skanks in the market, and haven’t had a loser in a month. “Sell your losers”, what a joke.

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  7. JimH

    The running of the bulls is about to become the slaughter of the lambs???

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  8. mrkcbill

    The leads are weak!!!

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    • MOOBS

      The fucking leads are weak? You’re weak. I’ve been in this business fifteen years…

      Dave Moss: What’s your name?

      Blake: Fuck you. That’s my name.

      [Moss laughs]

      Blake: You know why, mister? ‘Cause you drove a 1994 Volvo wagon to get here tonight, I drove an eighty thousand dollar BMW. *That’s* my name.

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  9. Juiceyfruit

    10-year Swap Spreads Turn Negative 3.23.10

    History was made today when 10-year interest rate swap spreads turned negative for the first time ever. In the last couple of weeks, this market has moved like we have rarely seen before.

    As this is the largest market in the world, the move in these derivatives is likely to have financial market implications. We’ll have an in-depth look in tomorrow’s column, but our initial take is that it is somewhat likely to lead to positive stock market action, and very likely could to lead to violent and volatile stock market action in the months ahead.

    Brian F. Reynolds, CFA
    Chief Market Strategist

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  10. AI

    You of all people should know how long tops take to form…… Do not Scott Bleier yourself with some stochastic and spaghetti lines

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    • scott

      We’re still plenty long and strong. In fact AVD is giving you another chace to buy and ICLR is on the verge of a major breakout…

      BTW–I LOVE spaghetti…

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      • scott

        and I remember you. You’re “The Chart Snob” who is better than anyone else here and anywhere. Thanks for taking the time to visit.

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  11. The_Real_Hmmm

    Either all soft commodities dealers are turning into filthy shanty town hoarders or the Ganges River stopped swallowing whole bodies and is poisoning its bathers. Sugar, lumber, wheat, feeder cattle, lean hogs- all the softs are getting killed today (despite the cows and pigs going on a good run recently). Coffee and cocoa are up. Cotton looks a little toppy.

    If the consumer is about to get the nunchuck to the throat, I would bet against specialty retail clothing merchants. Places like TRLG have posted stellar Q4 earnings but are opening stores like mad going into Summer. If consumer spending contracts at all, on top of high cotton prices, expect margins to suffer. Short term I like shorting VFC, BKE, and TRLG because of the risk/reward right now. Tight leash.

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  12. JakeGint

    You behave as if I said “your Mother is a Great Whore, who lives under a trailer home, servicing convicted felons, in her spare time.”

    (cawfee speeeeeeeewwwwwwww!)

    ____

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  13. TA

    The internals are actually better than the SPY is letting on.
    Seeing meltups all over the place in high beta names.

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    • Frank White

      Reminds me of 1999 when analysts would put targets aon names and they would get there within a week. Then they put a new price target out.

      Piper : AAPL to $284. Not a price target per se, think of it as an entitlement to 47 more points.

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  14. kidstock

    Your VIX / TLT positions are as misguided as when Vinik was running Magellan and had 40% assets in Treasuries when the Nazz and rest of the market goose stepped higher.

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    • The Fly

      Offer financial advice to me again and I will have you banned. Test me.

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      • kidstock

        Le Fly is a little testy lately….I think its a function of performance anxiety.

        You’re much more fun when you’re throwing chicken bones at street people.

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        • The Fly

          I don;t need to take abuse from a guy who zeroed out his acct in one week flat, live in the Peanut Gallery.

          You’re banned.

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  15. Helicopter Ben Rules!
    Helicopter Ben Rules!

    Helicopter Ben sez the stock market ONLY GOES UP!

    ALL PULLBACKS LARGER THAN 2% HAVE BEEN FOREVER OUTLAWED per Obama executive order. Stock market is now insured against losses just like a bank CD except it goes up much much more. We have reached Bullish Nirvana!!! BUY BUY BUY!!!

    US Dollar debasement is the secret to eternal wealth and prosperity!

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  16. checklist

    as a FWIW, there is basically no time decay in a synthetic VIX long. no need to buy expiring out of the money call options either.

    i don’t know spit about VXX, except that it has decayed relative to the ^VIX over the last 6 months or so. position away, but…

    one does not need to lose to time decay. long call short put at the same strike, regardless of waht that strike is, should come fairly close to a no decay situation…

    To be completely honest I’ve never looked at ^VIX options

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  17. checklist

    ahem, rather i say: it should (italics) be true thatone could create a long ^VIX options position with no time decay or time risk

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  18. checklist

    nice work on ADBE, BTW

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