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
23,436 Blog Posts

Everyone is a Winner!!

I am enjoying my recent forays into the land of ignorance, joining you monkeys on the long side. It doesn’t take a rocket scientist, or some fancy charts, to throw a few darts at the wall and make money. I bought some more stocks today. Out of all of them, MERU, FTK and HEAT are my favorites. I’m interested in short squeezes and things of that nature. You are interested in charts and squiggly lines. I spit on you.

Do understand and realize, the higher we go, the faster we will drop. It’s very nice and pleasant to sit here, as the balmy market winds caress my face, gingerly dropping $1,000 bills on my desk. Very soon, the winds will be filled with black smoke and bustling metal. When it happens, “The Fly” will be prepared. Until then, I am very busy throwing all available cash into retarded stocks, some more retarded than others.

NOTE: HRBN is still a great arb play here. What is your borrowing rate? After you figure that out, does it make sense for you to lever up and wait for the deal to close (most likely 6 months)?

[youtube:http://www.youtube.com/watch?v=VqrR56yMjWE 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

19 comments

  1. Spyder_Crusher

    what if the deal falls through?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • The Fly

      What if Iran nukes Iraq?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • Steven Place

      That’s why there’s still options premium out in Nov. Selling the Nov 22.5 put takes on the arb + event risk, which I think is a good trade. If it falls through you get a loss and potential assignment.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • gappingandyapping
      gappingandyapping

      LOL that is like asking what if stocks ever pull back 🙂 It won’t happen! On a serious note Goldman is doing the deal so I like the odds.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  2. Yogi & Boo Boo

    Where’s my trophy?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Homo Bob

    Confirming that I indulge in monkey style dart throwing ala chicom burritos.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. flyaway18

    Where’s my banana?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. ChrisBrown

    Should have gone with this song, El Capitan.
    http://www.youtube.com/watch?v=D5wvYViM74w&ob=av2e

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Goldie

    XLF looking boolish!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • winship

      Is this in reference to how you are trying to say bullish, or is it a play on ‘boo’lish, meaning you think its a piece of crap?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  7. The_Last_Puma_Punkanite
    The_Last_Puma_Punkanite

    Think I’d rather add “Punk” loops

    http://www.looperman.com/loops.php?msid=&type=wav&cid=&gid=14&tempo=&ord=date&dir=DESC&Search=Search+For+Loops

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. casque

    this is a GOODBYE letter!!!
    hahahahah LOL are you still seeing a colapse of the market comming?
    hahahaha You really need to grow.. please NEVER fight the FED
    and please join the TREND
    wishing you better luck next year (this one you are out of bounds)
    casque

    • 0
    • 0
    • 0 Deem this to be "Fake News"