I’ve Never Seen Anything Like This

ICPT is up another $200! This surpasses the crazy eyed moves of the dot com era.

BAC just slapped an amazing $872 price target on it.

As a result, both CNAT and GALT are up in sympathy. I ran this by one of my sources, “the good doctor”, and he concurred with my assessment of RPTP. There’s a little selling in RPTP today. But given the fanaticism taking place in liver stocks, you never know when or if this thing will pop off.

I added to my RPTP position today.

Even though the jobs numbers came in a staggering 130,000 jobs below estimates, you have to ignore them and wait for the revision upwards. We all know the economy is ripping on all cylinders and retailers are smoking hot because of it. The unemployment rate is now under 7% and Obama has been confirmed as the “single best President for the economy in the history of the United States.”

Futures are +5 because it is bright. Liver stocks are running higher in the most unbelievable way possible and Le Fly has plans, lots of them, to reallocate cash back into the market today.

Long live the stock exchange. God praise Obama.

We’re literally eating liver up in here tonight and we’re eating it raw, sushi style. It’s the next investment craze. Forget about tech or passé (no homo) social media stocks (extra Vaynerchuk). In the year of our Lord 2014, the world will become acutely aware of its liver and how one might protect and/or grow a new one.

We might delve into a little ICPT upwards of $300 per share, or maybe some GALT, CNAT, ALNY or OCRX. In the morning, as you already know, I purchased the shares of RPTP. I am going to tell you something about RPTP in just a moment, after I finish eating this delicious piece of raw cow liver.

I know absolutely nothing about RPTP and I couldn’t care less, truly. It’s the sublime nature of the savage investor that has me thinking in the basest of ways. I deal with these very same people, right here, heckling me about selling a little stock, after making 40% or so. I try to remind myself “these aren’t people, but subhumans.” They should be treated as such.

The great liver squeeze is upon us. One hundred years from now, your great, great, great grandson will be sitting on your lap, asking you “Pappy, where were you when the great liver squeeze of 2014 happened?” And you will return “why, I was at iBankCoin, with the other gents, eating liver.”

NOTE: I am pleased to announce the latest addition to the iBC blogging staff, Dubz. Dubz travels the world for leisure, as the rest of us toil over old wooden desks, trying to make enough money to build Orbital Space Cannons (OSC). He travels literally everywhere and will tell his tales here, at iBankCoin, until he gets bored of doing so. Welcome aboard.

Let me sum up today’s trading.

I sold out of TC, RBCN, LITB and VEEV. My market position shifted from 130% long to 85%, placing me, ever so subtly, into a 15% cash position. The only action being taken on my part now is actively acquiring shares of RPTP.

I intend, for lack of a better phrase, to eat the livers of anyone betting against me in RPTP.

If you’re just tuning in now and unaware of what I am talking about, ICPT has gone completely retardo to the upside. I’ve never seen anything like it, frankly. And I wish to capture the “liver lightening” in a bottle via RPTP.

Other long positions include BALT, TXTR, GOGO and ANGI.

Today’s decline in BALT is a welcomed development, especially since I sold about half of my position a little higher than here. Ideally, I’d like to reacquire those shares in the mid $5’s.

Based off the euphoria of ICPT, I am buying RPTP as a play on liver disease. It is my belief, rather emphatically, that the degenerates who gamble in biotech are “out and about” searching for new liver plays, thanks to this terrific boon. My evidence lies in the share price appreciation in GALT and CNAT.

RPTP is the next one to go.

I sold out of my TC position for a small loss. I have some limit orders in for another stock too. Frankly, retail sales were an abomination. It’s odd, really, since people are rich as hell. Perhaps everyone is out buying Bentleys and Rolex watches, instead the ordinary fare. The fact of the matter is, the market isn’t behaving well and many stocks are elevated to dog brained levels.

I’ll take the upgrade in ANGI. Thank you very much Sir. I will also, gracefully, accept a bounce in TXTR–an abomination of all abominations. Nevertheless, it looks damned good right now.

GOGO is up and BALT is lower. In all, I am bleeding out just a tad, to the tune of 0.7%. I realize it’s a small offering to the Gods. However, those bastards fleeced me for 2.5% yesterday. This whole business of losing money is becoming rather tiresome and I’d rather not do it anymore.

If forced to offer on the spot advice on where you should put money right now, I’d say cash.

UPDATE: I sold out of VEEV.

Luckily for you, I’ve cordoned off all of the chinese stocks, like the savage animals that they are, inside of The PPT, to gawk at them like falcons in an aviary. I’ve had this arrangement with the celestials since the beginning of time, since I started The PPT. No one really knows what to expect from them. Half of them are liars, and the other half are fixing to lie. But the market is fascinated by them, for the moment, like cocaine stocks inside of a marijuana vending machine.

As you drink large vats of craft beer, getting fat around the midriff, “The Fly” has been toiling over his laptop (apple, the big one, BOSS), looking for common denominators in recent chinese lottery winning tickets.

By golly, I think I’ve found one.

The biggest winner has been VISN, up 901% over the past 6 months. It has -14% revenue growth, 4.6 million shares in its float, profitable, micro cap and a good balance sheet. There is nothing redeeming about VISN, whatsoever, yet it’s up 901% over the past 6 months.

The point: you’re looking for the wrong catalysts. These are low float lottery tickets. We are simply here to rip a trade, be gone, buy a house with the proceeds. By partaking in this gamble, we might get caught flat flooted, every once in awhile. But we are men and know full well the risks involved when playing the lottery.

Let’s cut to the chase. I’m gonna give you some names, stocks that I feel have the profile to get going, chinese burrito lottery style.

ZA
CNTF
CCSC
CCCL
ZX
MCOX
CYOU
WBAI
HGSH
HTHT
NOAH
MONT
LITB
CCIH

I took hits everywhere, missing sell points and succumbing to short sellers’ reports that drove down one of my holdings. Still, I remain optimistic.

For the day, I gave back about 2.5%, effectively having my gold chain snatched from my person. My largest position, however, was higher. So I hope you can appreciate the sheer carnage that took place in my second and third tier names.

I’ve been distracted all day by Chinese burritos surging higher, attempting to lure me into their webs. For hours I was researching some fast movers and then it dawned on me: I don’t have that much cash to invest, being fully invested, so what the hell am I doing?

I’ve never been the window shopper type, so I quit looking at the market and started to focus on my positions.

Do I average down in TXTR? Part of me wants to take advantage of this drop, another part doesn’t want to get committed to something that is up for debate. I have too much drama in my life as it is. The last thing I need is to be bogged down in some stupid stock that is subject to an influential Citron Research bear raid short thesis every other day.

I haven’t had a down day like this in awhile and in no way do I find it to be “refreshing” or “not a big deal.” I hate set backs and will not let this 2.5% drop get much bigger, if the market is so inclined.

You all got so excited yesterday. GOGO was lifting off and BALT remained invincible. Well, today “The Fly” is being dismantled by the hinges in GOGO, TXTR, ANGI; but BALT still remains invincible. Even still, I find myself down more than 2% today.

Am I worried?

How could I be worried, whilst sitting atop of ginormous mountains of gains?

Get back to me when my positions are down 10% a piece. Then I’ll start worrying about be broken to pieces, amidst the rocks and the dust.

Just to repeat what I said yesterday: I expect GOGO to trade lower and will buy it when it does.

Apparently, China is letting The Devil into its country. They lifted a 14 year ban on video game consoles yesterday, which paves the way for Sony and MSFT to infect that country with their cancerous machines.

On the surface, one would think this is great news. But Sony doesn’t think so. Therefore, I can’t get excited.

The chinese prefer free web based games, which is why stocks like QIHU, SFUN, YY and PWRD have done so well.

Nevertheless, one might presume SNE could, eventually, benefit from this, and by extension, IMMR.

IMMR has been brutalized ever since a certain bearish hedge fund manager, who happened to own a few million shares of IMMR, began to liquidate–likely from necessity. But it’s a new year, with fresh opportunities.

With the right mood and news, IMMR could easily move past $15, eventually on its way to $20.

NOTE: I do not own it yet and would consider buying it, only after I was sure there was sustainable momentum.