WE’RE KILLING IT

There aren’t any weak cogs in the iBC wheel of fortune.

The boys over at 12631, ever so quietly, have been making an embarrassment out of you online gurus, lurching in the darkest corners of Yahoo finance and Twitter. I do not intend to belittle you. Instead, I am going to eviscerate you (the sounds of the penis guillotine can be heard over the loud chants of the reading class population).

Here is the profit and loss sheet for the Chess and RC, for the month of september.

If you haven’t given their professionally managed “twitter-like” chat room a shot, you’re being a miser and literally taking food out from your children’s mouths.

In other news, EGLE is straight up ridiculous now. I am not feeling this downtick at all, with YELP barely down and POWI, ANGI, EGLE and CVV up. As a point in fact, I am at the days highs, right now, as we speak.

Year to date gains stand at 56%.

No words, just chart.

This isn’t a real sell off. People didn’t lose confidence in the Fed. This is manufactured by the ball jugglers on CNBC (my favorite enemy after Seeking Alpha), in an effort to drive ratings.

There isn’t going to be a prolonged government shut down. Quit fooling yourselves.

It’s POMO, all day, every day.

This dip will end like all of the others, with bears marinating in their own tears.

I added to my ANGI position and bought more FFIV.

I am fully invested.

I started a position in FFIV, for the $100 roll.

Apparently, the plebs from Seeking Alpha didn’t learn their lesson with AMBA. Do you remember the “channel checks” that went terribly awry during earnings time for a Mr. Asbahi?

Well, he struck again, this time with FLTX.

This whole Seeking Alpha business is ridiculous. I’ve been looking to buy FLTX for a long time, so he did me a favor.

I’m taking a position here, under $40, with the hopes and prayers that god strikes down Mr. Asbahii, yet again.

NOTE: I also doubled my position in ANGI.

There are scores of vagabonds lining up against the walls of Apple stores this morning, throughout the nation, clamoring to get their greasy fingers on the new iPhone. The people want to be fingerprinted and they want to do so at once. Clearly, the new phone is being hailed as a major success, which bodes well for shareholders of Apple. I happen to own the stock and would never consider selling it.

Futures are neutral and a certain biotech stock, RNA, is being dismantled. That’s the problem when investing in development stage biotechs. They’re all pinless hand grenades, waiting to blow your arms off. I’ve kept away from them on purpose, knowing full well of the damage they do when they go wrong. If you recall, I made a commitment to buy a few biotechs, TTPH and ICEL. However, I never got around to doing it.

My YELP soared to new highs yesterday. I love YELP and feel they will get bought out; but this valuation is lunacy. A simple man, such as myself, can only pray to the old gods for a dip in YELP, so that I can add to my position.

Lastly, ANGI is probably the cheapest and best social media stock that has yet to run. It makes no sense for TRLA and Z to run with their tits flopping around, all the while ANGI gets pinned to the ground, trading at a mere 6x sales.

On an apples to apples basis, ANGI can trade upwards of $60 and still be considered “cheap”, compared to other social media stocks with similar growth patterns.

I announced today, inside of The PPT, that I was going to liquidate my position in IMMR. Since I’ve been talking up the stock for what seems like forever, I thought I’d share the reasons for the change in heart.

I don’t need them anymore.

When I took down the position, my gains were a paltry 15%. I was meandering around town, looking for illegal Mexicans to work inside of my house. Now that my house is furnished and restored, I am kicking the Mexicans out, in this case IMMR. I’m up 55% for the year, laughing and stabbing at the peasants with megaphones and sharp knives.

The stock behaves like it’s on a permanent siesta, likely due to a large shareholder, who happens to be on the goddamned board, who is selling–all the time. Because of this, I’ve lost patience in the name, due to the wide variety of more attractive opportunities in the ocean of ideas.

I sold some stock today and will continue to do so, in a measured way, in order to avoid jarring the stock. I like to make a distinguished exit.

Since IMMR was my largest position, I will be using said cash to fulfill my obligations in other ideas that I’ve most recently encountered.

Do not beg and make further inquiries, for you will be rebuffed like a black jew in Mecca.

Good day.

Do you want to know how I feel about selling winners, like GOGO, then seeing them proceed higher?

Well, imagine that you had a really hot girlfriend, but grew bored of making sex to her. Imagine yourself asking her to “move out and don’t look back” because you were moving on with your life, and that’s that. Now imagine said girlfriend went out, after being dissed and abandoned, and curried the favour of another gent. They’d go to dinner and have adult relations with one another, all the while you were at home, minding your p’s and q’s, partaking in an orgy.

It doesn’t matter to me. They’re just letters in the alphabet affixed to numbers. GOGO did me well, provided me with funds to progress my Orbital Space Cannon (OSC) project through October.

If you would be so bold as to “follow the money,” you will see that I moved that GOGO money into EGLE.

How’s she doing today? One might look at EGLE and surmise “gosh darn it, that Fly precipitated one hell of a short squeeze.”

EGLE will trade to $10 because it’s destined to do so. Understand that the sun and the moon move against you. You are without water in the middle of a desert and you’re riding on a gay camel.

I’m +23% from my purchase price on EGLE today, making it my second largest position next to MHO.

 UPDATE: Fly vs EGLE shorts

This isn’t a debate. Just like I told you WNR was heading higher, when it was at $15,  due to rising 321 crack spreads, I am telling you now: the dry bulkers are in the beginning stages of a huge melt up.

My pick is EGLE.

Based upon apples to apples p/s comparisons, EGLE, even after today’s move, is 50% cheaper than its peers. The reason has to do with debt and funding gaps. But that gets fixed, awfully quick, with rates soaring the way they are now. This is reminiscent of FTK, when the stock was saddled with loads of debt in the midst of a broad sector turn around. If you recall, I owned a few million shares at $1.

So here we are now, apparently with a resurgence in China, and the BDI is soaring again. If day rates continue to trend higher, expect the share prices of EGLE, DRYS, SBLK, DSX, SB, and others, to go through the roof.

My near term target for EGLE is $10.

Aside from EGLE, I added to my MHO position and started a new one in FSLR. At the present, I am 80% long.

With the BDI soaring on a daily basis, coupled with my reflation thesis, I went long EGLE and will continue to buy, especially on dips.