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
23,431 Blog Posts

To Lotto or Not to Lotto?

CS posted HORRENDOUS numbers last night, lending to bank weakness. I’m not a big fan of the banks; but I do not think they are hinting of doom either. If you haven’t been living under a rock this year, you know the banks mean absolutely nothing, when it comes to stock market strength. This market is built on AAPL, NFLX, BIDU, AMZN, and other “retardedly” overvalued stocks.

Going with past history, this has to be the final stretch down the ol’ rally road. When the lowest of the low stocks are ripping 20% per day, it’s time to raise cash. I’m in a rather unique situation, as I need stocks to plug the stupid VXX blackhole. As to the reasons why I still own it: God only knows.

Bottom line: If the stock market Gods still love Le Fly, and all of his grandeur, they will send the shares of FTK significantly higher. If not, I will continue to scalp lotto tickets, degenerate OTB guy style.

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23 comments

  1. MOOBER

    20% how about 200% $LIVE What the heck is LIVE?

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  2. Steven Place

    The VXX doesn’t work, until it does. And when it does, it works very, very nicely.

    http://vixandmore.blogspot.com/2010/10/vxx-monthly-performance.html

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  3. gappingandyapping
    gappingandyapping

    Its all about the QE2 shuffle. Give me my fucking 40.

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  4. bigmovingstock

    This man says “Lotto” http://bit.ly/aEIwdi

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  5. Teahouse On The Tracks
    Teahouse On The Tracks

    added CHS on 1st 5 min bull flag @ $9.67… let’s hope it’s not another CWTR

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    • Teahouse On The Tracks
      Teahouse On The Tracks

      getting some nice pops AH …

      CHS to $10.25

      GPRE to $12.50 on earnings

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  6. The_Real_Hmmm

    Other than the tech you mentioned, SYNA actually sounds good right here. They will discard the chocolate bomb and profiteroll [sic] to $30.

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  7. go2mars

    Bearded calamity will make my trading account 13 figures. Just think of all the $100 tomatoes I’ll be able to buy!

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    • Teahouse On The Tracks
      Teahouse On The Tracks

      Hey Mars …. you’re in the Bakken aren’t you?

      If so, how you rate these energy companies: CLR, HES, ROSE & OAS?

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      • Jakegint

        Better question, what does he think of those Montana fields to the west of him?

        _________

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        • Teahouse On The Tracks
          Teahouse On The Tracks

          Some of these have acreage there … that’s why I’m asking.

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          • go2mars

            I like CLR and HES. Bright futures for both. Rosetta, and Orion, not familiar enough with for a quick comment. I assume you’re talking about the Mississippian Lodgepole formation JG? I did a large reservoir characterization/simulation/optimization project as part of my Engineering Master’s degree on a Lodgepole project in SE Saskatchewan. If you can find a reef, or a Wolsortian mud mound, it can be awesome. I am unconvinced regarding its use as a resource play however.

            If you like the bakken, try petrobakken. I’ve made some great returns on small Canadian bakken players that got bought up.

            Fly’s approach via oilfield service companies is a good idea too.

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  8. Teahouse On The Tracks
    Teahouse On The Tracks

    CY sold off on earnings this morning and promptly reversed from $11.60 to $13 … Wow!

    Maybe somebody knew the CEO would be on “Mad Money” tonight … 19 million shares traded.

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  9. FIG

    A lot of talk about FTK lately on this blog. Fly must be trying to use his bully pulpit to get it to magically rise.

    And so far it is working. Some douche bought FTK after hours for a huge premium soon after this was posted….hmmmm….

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  10. Bearded Clam

    BUY SLV! Silver going to $50 or more courtesy of Zimbabwe Ben.

    http://www.cnbc.com/id/39777069

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  11. Le Fly

    Fig

    I am just relaying a story. That’s all. Some work. Some do not.

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  12. Le Fly

    How so?

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  13. Pedro

    We need to get FTK on MadMoney or some homo show like that to get it some pub. Retarded Wall Street banks have some sort of vendetta against this stock for some reason

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  14. Bullish

    High fives for all the US taxpayers… We sold AIA at the top end of range.

    AIG is one step closer to freedom.

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  15. TMoe

    Screw the banks.

    Still short BAC since the the 20’s

    How about that ISLN!

    I did lose a few limbs on my VNO and LVS shorts. Fuckers

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