iBankCoin

Sacrifices Have Been Made

I cut off my WNR and sold out of FOSL to lock in winship, booking anywhere between 10-25% gains on said holdings. The Gods asked for sacrifices yesterday, through outrageous DMND’s, and I have answered with a volley enveloped in fire.

My cash position is 50% and my TZA position is still 8% in the hole. Making money on this round of purchases is not the point. It’s the discipline that makes me a winner. You will see, to your astonishment, The PPT TNA/TZA buy/sell program will reign supreme, at the end of the day.

I am still long GSVC, DECK, MTW, FSLR, DMND and a little GMXR. You know I should be selling DECK, as it is vulnerable in a weak tape. However, I am emphatic in my belief that they will blow out earnings this quarter.

Everything else is blissful, sitting on top of the world, up 6% for the year and not giving a shit about being wrong.

Have a good weekend.

[youtube:http://www.youtube.com/watch?v=4G0bYIaJuHg&list=FLEIciWvVLqrS9jdkxpjKL9A&index=2&feature=plpp_video 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter

45 comments

  1. Fly's Nemesis

    All hell will break loose in Iran this year – pass it on.

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  2. jimmy_two_times

    Nads of steel. God’s Speed.

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  3. BullRun

    ENER up again…..+63% today

    It has been up 42% then 36% and now 63% all this week…something is a brewing people.

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    • TheArtist

      Maybe 0bama and his criminal cronies in congress are planning to give them 500 million dollars to squander away on yatchs and Ferraris and Bentleys and two more homes each in the Hamptons and one more vacation home in Martha’s Vinyard… you know…as a part time “rental income deal”?

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      • BullRun

        Obama is friendly to the alternative energy sector is all I’m saying and that sector will probably do well going into the election.

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    • dave

      from $75 in 2009 to $.20 in Jan 2012. Awesome.

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    • 10banger

      A fucking penny stock? Come back and tell me something is happening when BAC does that.

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  4. charlie

    Tossed another sack of dynamite in the trunk with the accelerator firmly pressed to the floor.

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  5. razorsedge

    went to an IKEA store yesterday. it was kinda like going to disneys small world exhibit, u roll through miles of endless displays only to have its a small world song stuck in your head for hours after. to that i say its a great business plan and layout. you r hurded thru like cattle looking at well layed out kitchen and bedroom ideas. mrs. edge found many things for me to do in my spare time. so what do u guys think of the stock? its more of a remodel play. so for the flippers who consume homes this may be bullish.

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    • razorsedge

      i know its not publicly traded,

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      • drummerboy

        the allen wrench is your friend.and be glad it’s not publicly traded. was on the excavation job of the biggest one they built here in shaumburg. garbage is what it is all made from,just like pergo. isnt it something how the swedes can take recyclables make that shit they sell

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        • razorsedge

          lol, the store was packed, there ideas for space -saving r good..but i saw the press board.

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          • drummerboy

            yea, i’ve seen some good stuff there,their not cheap either.put together a lot of their stuff for customers,goes together better than some i’ve done.

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  6. Sooth Sayer

    Comments sections litter the internet and are the equivalent of “junk” DNA. My open door policy does not allow the intersection of broadway with farm country. I’ll write a book about it someday… HA!

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    • TheArtist

      will this comment you just left in this comments section be in the book?

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      • Sooth Sayer

        This comment is already propagating across the world wide webs, powered by the carbon that used to make up Rover the T-Rex… or perhaps a gust of wind that originated from a butterfly fart (is that the effect?). In essence, there will no time throughout history in which the book HASN’T been written. Then you can buy your Ford unicycle.

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  7. fixxxer

    The PPT is Science.

    http://www.youtube.com/watch?v=6dTvSa1rCOY&feature=related

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  8. Paul Redeker

    Where’s the downgrade effect?

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  9. Dr Funk

    If you think Europe is fixed, I got some drachma lira and deuche marks to sell you

    Adios. Au Revoir. Cyanara

    What floor, please…

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    • JB

      Who cares about fundamentals .. the game is rigged (and always has been) ..

      Europe is going to zero and the DJ-30 is going to 14k

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  10. alf44

    I am LONG (a lot of) TYP(ie. SHORT Tech) …

    I am LONG (a small position of) NUGT (ie. LONG “tha Miners”) …

    …

    My account was LITERALLY “unch” … this week (practically to tha dollar) ! fwiw

    YAWN !!!

    .

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    • alf44

      … but, I feel I am positioned well !

      We shall see !!!

      .

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      • alf44

        … that is to say …

        Prepare To Dine In Hell !!!

        😈

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      • alf44

        Did I mention I played a round with my balls this week … and love the way they feel ?

        —

        That is correct … I “played-a-round” with some NEW Taylor Made “Noodle Long & Soft” golf balls … and loved the way they feel !

        —

        You people should be ashamed … I know what you were thinkin’ !!!

        .

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        • MetalLeg

          You should be ashamed for writing such lame ass “humor”. When you try to put something out that’s funny, make sure it’s really funny. Otherwise people will think you’re a retard. Unless that’s what you are aiming for.

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    • fake amish

      no shit sherlock. why does the “organic produce” look so normal? welcome to reality. if it isnt small and half rotten it is not “organic”. whatever the fuck that means.

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      • fake amish

        the human condition demands belief in horseshit. either it is god or global warming or organic food or any retarded nonsense that makes the masses feel better.

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  11. JTU

    I am up 3.79% for the week and 9.26% YTD and holding approx 22% cash. Wish it was 50% but it ain’t!
    I’m trying to be a lot more patient here than in the past and refuse to buy anything I’ve already sold unless there is a minimum 5% pullback in the sold stock. My plan is to buy in 3 tranches if the stock continues to decline.
    I am still off the highs of last year by about 9%.
    Hopefully I can surpass that this year with the aid of many of The Fly’s insights!

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  12. Trading_Nymph

    This Bullish feeling is really a change in me, all logic says we are in horrible shape, but I look at the market and think that “hey everything is going up, it should continue to do so”…maybe this is what they say about one of the best indicators is when bears finally give up? I am not changing positions, but I am taking note and documenting this “Feeling inside of me”. Most amatures buy at the top because the market is made up of buyers and sellers, the sales job has to be the best to buy at the top level…maybe I am smelling the sweet punch that everyone is drinking? Still amazed how China is under 2009 lows yet USA is bullish…my entire thesis is based on China being the lead dog.

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    • razorsedge

      u r all good, dont ever let them see u sweat. stick to your convictions.

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    • Mad_Scientist

      Thus proving your thesis is bunk.

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      • Trading_Nymph

        Copper is dropping also. Which is the other part of the thesis..Spit,I am staying with my convictions. It will be interesting how this all plays out.

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    • huh?

      My thesis says China is fucked.

      If you were a European with several brain cells, you would be buying US stocks. Why? Because, you can get a good dividend and shield your assets from the EU mess. Even if you only make a couple %, it is magnified from the exchange. Euro falls 5% and your US investment rises 4%, you just made 9% and are looking like a fucking genius.

      I guess the real question is, does the above explain the TLT and stocks both being at these levels?

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    • Po Pimp

      Most amatures buy at the top

      The flip side is most amateurs sell at the bottom. Didn’t you say you went all bearshitter in April 2009?

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  13. speedius

    Interesting based on recent comments about income: http://www.nytimes.com/2012/01/15/business/the-1-percent-paint-a-more-nuanced-portrait-of-the-rich.html?pagewanted=all

    “The 1 percent in Manhattan makes $790,000 or more, or 12 times the borough’s median income.”

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    • riggedgame

      It’s worse than that.

      The top 1% AVERAGE $1.8 million in income EACH. There are about one million of these, so their total income is $1.8 trillion. If their income was cut back to $500,000 a year, and the $1.3 trillion saved was used to create jobs, we could create 43 million $30,000 per year jobs. Or that $1.3 trillion could be used to increase the wages of the bottom half of our work force – 60 million workers – an average of $20,000 per year EACH!

      $500,000 per year is $40,0000 PER MONTH. How does any sane and rational human being need more than that? These top 1% “job creators” don’t seem to realize that their excessive compensation sucks our economy dry, destroying demand and making a supply-demand economy non-functional.

      Or if they DO realize it, they are not merely greedy: They are criminally insane.

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      • huh?

        How the fuck is that going to work?

        We live in a free society and if you think the 1% won’t say “fuck you” and move to the Cayman Islands, you’re a fucking moron.

        You start to reward those stupid poor fucks, you will lose the incentive to invest, hence losing the incentive to create jobs.

        Some of you socialist fucks need to learn real economics.

        The real problem is the government allowing the banks to push credit to the extent that they have. The rich have a mathematical advantage from the start, as they hold the most dollars therefore can borrow the most money. Leaving all those poor fucks further and further behind. If you wanna get serious, the true problem is fractional reserve lending. This is simple mathematics, something 99% of those stupid 99% fucks don’t understand.

        Anyways, cheers.

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        • riggedgame

          Let ’em move to the fuckin’ Cayman Islands. And have them keep their fuckin’ feet off USA soil for the rest of their miserable lives.

          And BTW: Prohibit them from taking their fuckin’ ill-earned money with them.

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  14. EN1GMA

    indeud

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  15. Mr.Pink

    Look’s like ‘The Fly’ is back on top. Please, friend, express your arrogance a bit more.

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