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
23,473 Blog Posts

LEVERAGED INTO WAR

I find myself, amusingly enough, 125% long into World War III, or as future generations will refer to it as ‘WW3’.

I find it rather apropos that the first US President to have ever received a Nobel Peace Prize, prior to doing anything in office, should preside over such a thing. But it was inevitable, after all, as all ‘good’ things come to an end.

I am sure if Russia decides to defend its only port in the Mediterranean, by rebuffing a US led assault on Syria, stocks will trade down 1-2,000 points. No one likes the onset of war. It scares people. But once the public gets accustomed to it, as was the case with all US wars, stocks will rise again.

The bigger the war, the bigger the rally: that’s what my grandfather used to say.

So you must be asking yourself: if war is really on the horizon, why is this maniac long by 125%?

Well, the answer is two fold.

I like to win, and do with style. In this sense, I am servant to fashion.

The second reason is a lot more primitive, almost carnal. I aim to seize upon any advantage that comes my way. In this case, The PPT gifted me with oversold signals that I haven’t seen in years. In this case, I am a slave to discipline.

Don’t fret, small plebs, I will liquidate into strength and reduce my exposure to a more pedestrian level soon enough. Until then, I remain, ostensibly, very, very long.

http://www.youtube.com/watch?v=PgibngxK5T8

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The iBC Roster is Complete

With the successful launch of After Hour’s with The Option Addict, I am pleased to say that I am (finally) pleased with the iBC roster, suite of products and services to meet the demand of my dear, loving, readers.

We have the crew at 12631 providing up to the minute market analysis and research, providing members with picks. And now we have The Option Addict on staff teaching people how to find these breakouts, layered on top of often ignored option strategies–that is sure to put some hair on your chest (females too). And, of course, we have The PPT tools to help you find the ideas and share them with other responsible members of the most distinguished online investment club, in the history of the world.

With that in mind, I’d like to point you into the direction, yet again, of YELP.

As you know, I’ve been bullish on YELP since $15. I knew it was a winner, because I found the service to be invaluable in real life–just like GOOG, Z, ANGI, and TRIP. I bought the stock, for the 4th time, before earnings at around $41. The stock exploded, hitting a high of $60, only to come slinking back down to $47.

YELP2

 

As you can see from the numbers above, YELP flagged OVERBOUGHT by The PPT algos on 8/2, at $57. I ignored them because I am emotional about the stock. On 8/13, it flagged OVERSOLD on our 3 month and 6 month algos, repeating these flags on 8/19 at $49. At that point, I made a decision to buy more, even though the stock was under assault, even though the market was weak.

Here are the 6 month OVERSOLD levels. In layman’s terms, based off 4 signals, had you bought YELP when PPT flagged it OVERSOLD, you would’ve made 16% over a 10 day holding period, 4 up, zero down.

YELP

 

When the market cratered the other day, YELP was up. It didn’t care that the market was down. It had other plans. This, to me, was a sure sign that the stock was healthy and ready to pop, whenever the market recovered. As you can see by today’s pin action, the shorts are being ramrodded into small boxes and kicked into the sea.

 

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A Gentleman’s Rally

Let’s not alarm the women and children; but the market is going higher again and every stock that I own is ripping–cordially of course. Being fully invested, I find great pleasure to be up 2% this morning. As a matter of fact, I found it so pleasurable, I took the rest of my cash and bought more.

After I bought more, I bought again, finding myself in the wonderful position of being 125% long, exercising the rights of leverage.

Why do such a thing, at a time of grave uncertainty?

The answer to that question is the same its always been: because I can.

Stock prices are extremely oversold. I gave you The PPT signals. What else do you want, my liver and lungs?

There, there, don’t cry. Relax, it’s only money. You’re too stupid to run money, let alone for someone else. Learn from people who are greater than you, magnanimous men who will have statues built for them, placed at the city steps, when they’re gone.

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LET’S HAVE A LOOK INSIDE THE SEWERS OF WALL STREET

If we are set for a miniature run, I suspect there will be gargantuan and irresponsible speculation taking place, underneath the concrete of Wall, many thousands of feet below, deep in the sewers. There you will find the CEOs of numerous Chinese companies, crafting their 10-qs in the same manner that an artist paints a canvas.

Using the tools available to me, I am about to unveil 10 stocks that are rife with raw sewage, but fully capable of floating to the surface, enveloping pedestrians who walk on Wall with its disgusting filth.

CVV

TROV

OGXI

GOGO

XRM

CDTI

ACRX

DATA

CLFD

DXM

NOTE: After Hour’s with The Option Addict is now live. Trials have ended.

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ATTENTION INTERNET: The After Hours with Option Addict Trial Ends Today

If you missed yesterday’s trial, be sure to catch today’s. Jeff will be discussing trends and how to find breakouts, over-layed atop of how he plays breakouts via the derivatives market. He is, truly, a gifted trader and you’d be remiss not to take advantage of his services.

Thus far, hundreds of you have signed up for the free trial. I am sure you want to lock in the discounted rates, which expires at 5pm. Don’t forget to do that.

But, really, discounts are for the weak and feeble. Do not fret if you happen to subscribe at 5:01 pm and pay up a little for the service. It will, without a doubt, pay for itself, many times over.

Think big, get big.

Here is sign up page.

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MOAR WAR, MOAR QE

We were a bit frazzled yesterday over the specter of war. Howsoever, the moar war we get, the greater the accommodation from The Fed. Ask yourself, am I lying?

What was the net result from yesterday’s war talk?

You saw lower stock prices. I saw lower interest rates.

War equals flight to safety. What is safer than a US military base, backed by dollars and debt?

Exactly.

Do not fear war, but embrace it. It is exceedingly bullish for stocks.

In other news, TIM COOK lost again. Samsung announced their smart watch today, beating AAPL to the punch. I am eagerly waiting to explore this device and see if IMMR’s haptics is embedded in it.

With today’s purchase of ANGI, I am less than 10% cash.

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Fly Buy: $ANGI

I started a position in ANGI. I’ve been waiting very patiently for an entry.

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A Very High Probability Trade is Here

Unbelievably depressing housing numbers!

How can the Fed back off with numbers like this? I think it’s fair to say, we’re addicted to cheap money and fast drugs. Nonetheless, we’re bouncing here, with stocks stretching out their legs–looking for another run higher.

I want to show you something. Yesterday, The PPT registered its lowest Overall Hybrid score since 2011. The score was so low, it gave me memories of the good old days of 2009 and 2010, when the oversold signal made me 900% on my money, playing triple inverse ETFs and options.

Here are all scores, life to date, under 2.40, affixed to a chart of the SPY.

ppt2

This is a very high probability trade, as far as I’m concerned. I did raise a little cash yesterday, selling out of the rest of my DDD position. I am eager to invest the money into something on the move higher.

In other news, there’s been an overwhelming response to After Hour’s with The Option Addict. Today is the last day of the free trial. If you want to know his methods and how to use them in the options market, don’t miss today’s show.

Because of your response, I will extend the 15% discount on membership until 5pm today. Do not ever say Le Fly isn’t generous.

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AFTER HOURS WITH THE OPTION ADDICT IS HERE

I know the market was rough today and you’re all worried silly about our tax dollars being spent on gratuitous usage of the nation’s cruise missile supply. However, the market isn’t going to bend to your caprices. Therefore, get your head from out of the sand and pay attention!
af_free_trial

With that being said, iBankCoin is proud to present AFTER HOURS with THE OPTION ADDICT, a new premium service from the godly folks who dwell here. Inside, you will find a vast store of knowledge about trends, specific to the option market. After each trading session (or most), Jeff will provide a webinar, which will be used to answer your questions. There is a chat room to loiter in, drink some bottles of champagne and generally participate in unchecked debauchery.

And, most important for you, the prospective internet leech, we’ve opened this great hall to you for free, at least for the next two days. It’s also worth noting, the first 100 members will receive a steep discount, amounting to more than 15% off the annual cost. Naturally, some of your peers, the reader class, have acted upon this obscene generosity and have already signed up, leaving the lot of you with less than 30 spots remaining.

No fears, however, since men of our stature do not trifle with discounts or coupons. Men like us buy what we want, when we want it.

Having said all of that, I expect every one reading this post to at least try the free trial, accepting the unbridled gifts that I set before you. It’s the very least you could do, after considering all that I provide for you, the unwashed, free from charge.

NOTE: There isn’t any need to thank me, just behave and be well.

Update: Here’s a recording of the After Hours with Option Addict daily webinar from earlier today:

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