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
23,471 Blog Posts

SHUT THE FUCK UP

I just wanted to post that headline, in order to infuriate my ad vendor. He gets very upset when the site is littered with “foul language.” The good folks over at Coca Cola do not like to see “SHUT THE FUCK UP” on sites they advertise their “death beverage” on.

Having said that, I want to echo some of the things I penned in PPT today. Although I added to my FTK/WFR positions, I am very tentative about allocating my cash here. The way I see it, I’ve been blessed here, with recent gains that have wiped out losses from my worst trade in years (VXX). Now, if I was half way retarded, I’d take that for granted and press my luck with idiot Chinese stocks. But, I am smart enough to know when to fold my hand. At the present, the only lotto tickets on the books are BORN and CGA.

I will keep a very tight leash on my STI short, especially since financials looks strong today. Should it break $26, I am out.

Essentially, I am making truckloads of coin here, solely based on FTK. The position is a little overweight here, but I am comfortable with it.

Have you ever known something would happen, not based on inside info, but intuitively, and acted upon those instincts? Well, I do that all the time and I am good at it. FTK wants to trade above $3.03 for 20 days, in order to allow the company to force conversion on millions of warrants @ $1.21. When this happens, the company will receive millions of dollars, buttressing the balance sheet. Ultimately, this is a foregone conclusion. It doesn’t have to happen right away; but it will happen. Mark my words.

NOTE: Munis, especially Cali, are getting killed today. See PCK, MLN for details.

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33 comments

  1. muktukchuck

    WTF — 432nd.

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  2. muktukchuck

    BTW – was the cursing ban rescinded?

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  3. thewife

    Love it!!!

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  4. panamaorange

    Cocoa cola has strong moral convictions

    http://killercoke.org/

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    • Yabollox

      The cocaine industry is much more worker friendly.

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    • drummerboy

      dude.look who runs the fucking company. the ceo is a turk,those people will kill their mother if something was in it for them.not surprised at the post at all

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  5. Colonel Von Ryan

    It’s refreshing to hear someone say intuition and instinct instead of referring to a line on a chart…

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  6. Yabollox

    Buy CBS, they got some good shows on there and will make big $ this quarter. I’m waiting on TM, buy it when the GM stuff hits the street.

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  7. Maxlev

    I love those warrant plays. The closer they get, the greater the momentum.

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  8. Bully

    Fly how about you AEM short position? how’s that treating you?

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  9. The Fly

    Bully

    I covered it weeks ago. Feel stupid?

    Check this out

    http://www.xtranormal.com/watch/7676559/

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  10. xxxHuggieBearxxx

    You had me at hello.

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  11. Pedro

    This is where FTK is in its march higher:

    NSFW
    http://www.youtube.com/watch?v=t41NlNd1sEE&feature=player_embedded

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  12. Jakegint

    Monsieur, Le Dolleur, — that spike to $78.63 may have been it. If we break $78.20, SCO’s price may become rarified as Towel Cloaked Middle Easterners will demand more in exchange for their Texas Tea.

    _________

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    • The Fly

      speak modern day English.

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      • Jakegint

        Say what??

        _______

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      • go2mars

        Sir, The American Dollar may have reached a peak relative to other currencies. If the US dollar declines below 78.20, then an oil price inverse ETF, specifically SCO, may decline in value because the value of oil will increase relative to a declining american dollar. Oil’s international value may even become less to an average basket of international currencies, while it appears to increase relative to the (more quickly) declining dollar.

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  13. TheArtist

    RINO is getting no love today.

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  14. Jakegint

    The global answer to everything is “read more books.”

    _____

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  15. hifreak

    “You are hot, hot I say…especially when you are appalled.”

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