Fly Sell: $AMBA

I booked profits on AMBA.

We’re killing it inside of The PPT and 12631 today, with one successful trade after the next. My biggest position coming into today was WFR, then AMBA. Both are ripping. I took profits on WFR and bulked up on VHC. I added to ANFI. That has clear sailing written all over it. Solar has been amazing.

RC just crushed an LEDS trade.

I am looking to see if the Gods love me or not. Both RBCN and JRCC are down. I think they can reverse and head higher, especially with GTAT up.

This is a short squeeze market. I intend to take advantage of it while it’s here.

My favorite story stock that hasn’t moved in a few days is IMMR. That stock will lift off, just like AMBA.

Wait for it.

I added to my ANFI position.

I am following The Devil on this one, long VHC.

I booked profits in WFR.

I was going to mention one of my bigger positions, AMBA. However, I just heard that Rev Shark is pumping it this morning, which is why the stock is spiking. Nevertheless, I still like it.

Here are some other names crossing my radar:

WFR
ANFI
GTAT
RBCN
SKUL

I also like Japanese stocks, which are ripping this morning: TM, HMC, SNE, NMR, MTU, KUB, MFG. Interestingly enough, CAJ has yet to move.

As I type this, the market is selling off. If you are a believer in the laws of POMO, this is where you buy: on dips.

I will be monitoring heavily shorted stocks gapping higher this morning. There are signs of epic squeezes everywhere, from solar to JCP to god damned TSLA.

Short are getting flame broiled. It’s brutal for them.

I’ll keep this short and sweet. As of now, solar is my focus. However, once the market opens I am sure there will be a plethora of names worth trading.

More on this later.

I’ve never seen such a tape as docile as this one. In the best of markets, the pullbacks were always ferocious. I recall a half dozen times longing to throw myself into a lit fireplace, for the losses that I had endured at the hands of Mother Market. Yet, here I am, clearly without any lasting wounds to speak of, discussing the vagaries of this penis sucking market.

Now to the point: I’ve been spending greater lengths of time inside the 12631 trading room and intend to do so for the foreseeable future. It is a unique place where ideas are shared and money is to be had, run by ChessnWine and RaginCajun. Because there is demand, I am going to run a promotion soon, so you can see for yourself what you’re missing out on.

I’ve recently dedicated to changing iBankCoin back to the ways of the old, focused much more on actionable trades, talent in the markets, less so in the art of writing. As such, we’ve added The Option Addict, The Devil and RAUL to the staff. I will be inviting whoever I feel can offer some value to the readership, on a regular basis, also discarding them as quickly as I’ve procured them when their worth has been spent.

We are going to make a great deal of money in 2013. So help me god, if we do not, I will vaporize North Korea down to its last morsel of rice with my Orbital Space Cannon (OSJ).

NOTE: If ARG doesn’t do “the hundy roll” withing 30 days, I will castrate myself.

http://www.youtube.com/watch?v=RW3Y4OuTPHQ

I went long ANFI, a dubai based producer of rice and other such luxuries. It’s still below its ipo price and it’s based out of Dubai. Meaning: those circle heads have zero interest in looking like jackasses. With 25% of the shares sold short and half the world starving, I like my chances here long.

Top speculative pick is JRCC.

I have 4 stocks that give me a heterosexual erection right now: FRO, JRCC, WFR and AMBA.