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
23,474 Blog Posts

Here’s to Capitulation!

SYY bought privately held US Foods this morning, sending SYY +10%. Bizarre.  Refiners were upgraded at numerous investment banks, further twisting the ALJ blade into my abdomen. I just can’t let this one go.

GMCR is edging up in pre-market and the BDI was up again this morning. I am seeing lots of reasons to be bullish today. There is a certain  smell of risk in the air, heading into the New Year, but first pagan XMAS.

MCD sucks because their food is poisonous. Once again, I am long term bearish on all poisonous food retailers, like MCD, Burger King and YUM. I am, however, constructive on CMG, SBUX and PNRA.

Speaking of coffee: coffee, the commodity, is off by 65% in recent years, obviously a giant boon for companies like SBUX, GMCR and SJM. I am bullish on GMCR because the laws of nature dictate short sellers have no choice but to capitulate.

Here’s to capitulation!

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11 comments

  1. Maracka Flacka Flame
    Maracka Flacka Flame

    You are very good at trading and blogging, I must say.

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  2. olde sport

    dude, bro, fly, you legit actually sold at the lows

    you cant win them all olde sport

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  3. DukesandDukes

    BALT should be inching forward with the BDI..instead, the last two days have been a struggle to stay close to even..hoping for it to move precipitously higher!!

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  4. the Pirate

    Hey Fly, Any thoughts on MOS long term?

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  5. matt_bear

    taking a leap with a chart i have, but i think GMCR trades down to 67-68 area before the big move up.

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  6. OG

    Solars are complete crap.

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  7. purdy

    “I am long term bearish on all poisonous food retailers..”

    What about their suppliers – like MON, SYG, DD, DOW?

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