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
23,423 Blog Posts

Guaranteed Respite: Dated Till Alibaba

Now that the market is rebounding, I am looking at a few things to keep me 110% long, as I attempt to claw back from a 30% deficit.

1. Facebook’s earnings. I feel good about them and expect them to beat and guide up.

2. AMZN and Apple earnings. They aren’t very important for momo names, more for the general health of the economy.

3. Alibaba’s IPO.

Bar none, the most important of the three, for Wall Street upright walking pigs, is the latter. This is going to be the biggest tech ipo ever. It might fetch $200 billion. I put the chances of the market being uprooted, from now until then (possibly next week), at a stiff 0%.

Now that we know David Einhorn is short a “bubble basket” of stocks, it’s only apropos for them to rip tits to the upside with reckless abandon, no?

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43 comments

  1. No One

    OH MY GOD I’M GONNA CUM
    BUY BUY BUY.

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  2. Astronaut S.P. Deluxe
    Astronaut S.P. Deluxe

    Fuckin A

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  3. Patrick

    Close the comment section

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  4. Scungelli

    Fuck Einhorn. He was wrong on CMG for over a year.. Some Short Seller he is.

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  5. No One

    Why don’t you shut your face.
    Obviously, you don’t get the references.

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  6. DK

    I feel FB should easily beat cons. , but new user numbers might drag it down.

    http://www.streetinsider.com/ec_earnings.php?q=fb

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  7. Jules

    How do you bet against innovation? I can understand people day trading on the short side but to have billions of dollars under management and “investment” short companies that have some of the brightest people in the world under employment is mind boggling. That man had no soul, I hope the entire sector rips to the upside and he blows up his fund.

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  8. Astronaut S.P. Deluxe
    Astronaut S.P. Deluxe

    Hi, I am Dennis Gartman, I am a stinking piece of human sewerage. Let me introduce some of my best friends, Mr Einhorn, Mr. Ackman, Mr Icahn, connect the dots..

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  9. Cascadian

    BIDU reports on the 24th They could surprise.

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  10. Mr. President

    Lé Fly,

    More insight into this momentous IPO would be greatly appreciated.

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    • The Fly

      Jack Ma is going to tell Yahoo to fuck themselves for once and for ever.

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      • alf44

        .
        … no one tells Marissa Mayer to …. well …

        It’s just not possible !!!

        .

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        • The Fly

          Look at Jack Ma. Do you think he cares?

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          • alf44

            .
            … correct me if I’m wrong but, I think you’re on record here as stating that you would “leave your wife and kids for Marissa Mayer” …

            … isn’t that correct ?

            LOL

            .

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      • Ben

        Jack Ma’s been trying to tell Yahoo to go fuck themselves, but what can they do? Can’t force them to sell their position.

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  11. Trading_Nymph

    Still I sit with the full belief that markets top was 1755ish. As I have been saying for five years now, we have been creating one massive Shanghai Copper Bubble. In early March we got a taste of the popping when China’s first corporate bond defaulted which precipitated a sharp sell-off in copper on worries that it signaled a reassessment of credit risk in a market where even high-yielding debt had been seen as carrying an implicit state guarantee. Copper will be in surplus this year and the entire foundation of China’s Shadows Bank System will be at risk with a slowing economy, surplus copper and Foreign money not so hot to loan Chinese money secured by commodities. It pops, QE continues to taper and market drops hard. But I am a Bear and I would say that..

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    • Bullish

      For some reason I always read your comment’s first sentence and maybe the last…. my reading goes like this:
      “The market made a top t 1755… BLAH BLAH BLAH BLAH…. And I’m a bear. Anyone else have this problem too?

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    • bob

      you might be the stupidest person I have ever encountered

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  12. NEGRODAMU$

    einhorn got stomped on all his short positions- take notes kids, go long as far as the eye can see

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  13. JTU

    PTK-Poet Technologies +87% in 30 days!
    This stock could be the next big thing!
    There calling it disruptive technology!

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  14. Dyer440

    I’n worried about the FB earnings call. I think their buying spree is a last ditch effort for revenue producing biz model. Anyway, they have A LOT to explain to shareholders in terms of whatsapp, etc. Bad news could kill rally.

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  15. OG

    How did Einhorn do shorting GMCR and CMG? lol

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  16. Jennifer

    Trading nymph – you’re wrong. Why? Because the market is at 1870.

    Csiq and bib shall continue their upside rip fest

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  17. juice

    Kernen actually asking a decent question of Ackman regarding trading on inside info/front-running .. naturally Ackman cites that it’s legal and of course his army of ridiculously high-paid lawyers verified such a loop-hole; however, the whole thing, if one has any connection with their conscience, is plain old cheating, unethical & Immoral .. Ackman may be richer today than yesterday, like he needed another dollar, but talk about selling your soul to the devil … he’s a scumbag

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  18. bood

    earnings are a beat axs expected
    ( by me …… )

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  19. bood

    earnings are a beat , as expected ( by me ….)

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  20. gorby

    And Ackmand thinks Herbalife
    is a criminal empire.

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