The Mohicans, the Last of Them

The only sector that hasn’t bounce yet are the shippers. Forget about the fundies for a minutes and acknowledge this is a ball busting tape–designed to punish and maim bears to the end.

The following shipping stocks should be looked upon, expected to climb in the face of horrific day rates.

Why?

Because they can.

TRMD already exploded.

FRO is my favorite and here are the others:

EGLE

ULTR

VLCC

SB

DSX

NAT

I added to my AMBA position.

I started a position in WFR because solar is the new electricity.

It’s time to starve, America. The old farm bill expires on 9/30/13. Therefore the clowns over in DC need to pass a new one soon.

Even though farmers are enjoying record profits, the farmaid shall continue, through massive subsidies from the tax payers delivered to the cow jerkers over in farm country. The food stamp crowd, however, shall be starved to death, as one version of the new farm bill slashes $20 billion from the mouths of the unemployed destitute. Perhaps these chaps can shoplift or get jobs to provide food for their families. I believe upwards of 35 million people have the foodstamps, taking full advantage of the splendour that is America.

On this news, I expect farm related stocks to run. Fertilizer plays, as well as seed, should do well. Irrigation related stocks will climb and the food stamped crowd perish.

Here are some names. Select whichever ones you feel are strong and own them into the god damned farm bill passage.

AGU

MOS

LNN

MON

VMI

ANDE

BG

CF

NOTE: In case you’re wondering why there is a human like looking ape on the front page, it is because “The Fly” envisions large gorillas roaming about the corn fields, beating farmers to death with sticks.

Everyone I speak to is worried about the market. People who should know better are not just calling for a pullback, but a plunge. The reasoning is ridiculous, if you think about it: stocks are up a lot, therefore, they should trade down–a lot.

I don’t buy into that way of thinking, unless there is a bubble.

Stocks are up mightily, but there are no big bubbles. Housing related stocks are reasonably valued, as well as the banks and tech. As a matter of fact, these sectors are undervalued, based on historical precedence. So let’s take the crash scenario OFF the table and assume at some point the market will undergo a 10% correction.

When I bought IMMR today, some of my colleagues warned against it. They told me to wait and buy cheaper. However, to do that, I needed the market to fall or IMMR needed to reverse course and start heading lower, something it hasn’t done in months. It made no sense to wait because I liked the company and wanted to own some of it. Instead of waiting in the tall grass like a paradiddle, I initiated a 35% position, with the intent to buy more lower. Since most of my buying has yet to occur, it’s in my best interest to see the stock go lower.

That’s the difference between technical trading and trading based upon a thesis and fundamentals. I’m not interested in stop losses and the chart doesn’t matter to me. I will build a position in this stock and try to hold long enough to see them report a few quarters of better than expected earnings. That’s where the big money will be made, not trading between ranges.

To answer your question, pal: I don’t worry about markets correcting for too long. If and when it happens, I will deal with it, as I have dozens of times in the past. For now, the trend is decidedly up, even though the basic and common laws of seasonality, decency even, are calling for a sharp correction.

UPDATE: iBC welcomes RAUL back to the tabbed blogger collection of 2013.

I don’t get excited over many things, since I’ve lost all faith in humanity many years ago. As once tabbed blogger Danny would say, “I am stoked” to finally have Option Addict and The Devil on board, officially, into the iBC ranks. I’ve tried to get both of these bozos for years, and was always rebuffed. I’ve always imagined the both of them were too busy making love to a blow up sex doll, than to bother talking to the people at iBC.

The people demanded “The Devil”; therefore, the people got him.

So you know, I will be paying The Devil with the souls of my readers.

If you are a member of The PPT and have an interest in the 12631 trading room, I will be trading from there, live, for at least another week, if not more, providing a free schedule.

“The Devil’s” PAMT went gangbusters to the upside, along with his CALL and BKS. You people don’t understand how lucky you are to have access to this guy. I’ve known him from 2001, maybe 2002, and he’s always been plugged in. I don’t know where he gets his information; but it’s good.

I kicked out half of my MU and all of my USG. I still like them; but needed to raise cash to buy IMMR. I have plenty of dollars set aside to buy it in extreme size. I will consult with my Voodoo Physician tonight to make the stock trade lower manana. I want in.

I just saw Herb Greenberg back pedal out of his declaration from a few months ago that GMCR was done. After Einhorn announced his short position and the stock tanked, Herb was all over the company, pretty much declaring them dead in the water.

Lo and behold, after 50 points to the upside, he is rather mum. Instead he opted to discuss MNST, which is simply in an industry that is slowing. Let’s not forget that MNST has been a massive winner over the past decade.

How about OSTK or CMG? These are heavily shorted names that keep going higher too.

I am always amazed by the sheer brazen of these talking heads, who take it upon themselves to talk down stocks, search for mysteries–in their desperate, pathetic attempts to drum up some drama.

By the way, I sold out of USG and half of my MU, to make room for another name. Oh, RC and I nailed a MAKO trade inside 12631 today. I will be spending my trading days inside that room over the next few days.

I like this MAKO and WHZ here. I’m also thrilled to see MU hit new 52 week highs and a little pissed off FRO didn’t follow though today. I think JRCC has some serious legs underneath it and am in awe of TRMD, a shipper gone bezerko to the upside.

Chuck’s WNC looks good too.

And let’s not forget about the ultimate welfare stock PRSC.

Truth is, so many stocks look great at the top. That doesn’t mean this is “the top.” But humans tend to paint a rosy picture around things when times are good. I have to be mindful of my risk exposure when 52 week highs are being hit. That being said, there isn’t any evidence to suggest we will start going lower. That’s pure guess work of the amateur sort. The market has been going higher and valuations are still reasonable. From my vantage point, now is the time to make gains, for gloomier times will present themselves in the future.

I want to own IMMR, but hate chasing it here. However, it might run to $16 before resting. The problem with waiting for a stock to come down to “your price” is the fact that no one cares about “your price.” If you like a company, buy it right away and prepare to average down later.

I think I’ll heed my own advice this time around.

I’m not waiting for the redesign any longer. I just got off the phone with The Devil and will be launching his blog today. If you’ve been following his picks inside of The PPT, you know he’s been long BKS–a huge winner today.

I’m filled with surprises today, by the way. Truth be told, I haven’t been having much fun on the site in recent months. If I’m not having fun, you are certainly bored to death. The market’s been great–but as moribund and staid as checkered shorts on a golf course.

Back in the nascency of iBankCoin, there was another finance site that was just as popular, if not more. He had a great blogging presence and knew how to pick stocks as good as anyone I know. Throughout the history of iBankCoin, there have only been two sites that I tried to merge with, one being his, the other Zerohedge–before he became a blogging phenom.

This unnamed blogger that I am referring to was supposed to help me build The PPT. When I just starting building the formula for the algo, he offered advice on how to rank stocks according to its technicals, since that’s his speciality. Instead of merging with me, he went another route. As a result of going “all premium”, his blogging presence diminished–a damn shame.

The person I am referring to his Jef Kohler, The Option Addict. He will be joining the tabbed blogger ranks today, alongside “The Devil” (is it a coincidence? I think not!). What iBC needs is a little more coin, less conjecture. I want to get back to reading about actionable trading ideas on the main site. I miss it. Both of our premium services cater to trading all day; but it’s time to liven things up a bit here.

UPDATE: The Devil’s first post is up.

UPDATE II: OA post is up.

Okay, I am letting you bozos in early on this one. As you know, from time to time, I get excited about a name and do write ups, then become obsessed with the company. I trade a lot of stocks, but remain loyal to a select few. Recent names that I’ve become obsessed with are: VHC (sold at $37), YELP, TEA, GMCR and WNR.

I am pretty sure my next winner will be IMMR. The stock has been on a tear, following successful licensing deals with just about everyone in mobile, sans Apple. They are executing in a way VHC could only wish, sporting a market cap significantly less too.

They specialize in Haptic technology. They enable the crack of the baseball bat to be felt on your tablet when watching a game on MLB.

Here are their partners:

Alps
Atmel
Densitron
Laerdal
LG Electronics
Logitech
Microsoft
Nokia
Samsung
Sony
Volkswagen

What are the catalysts?

Aside from the organic growth in mobile phones and their astounding 99% gross margins, they will be in the new Sony Playstation. Since they are not in any Apple products, I suspect hype will build around the name just prior to a new product announcement. The company is profitable and will become increasingly profitable as their technology is adopted into new devices. I believe 50% of smartphones, worldwide, use their technology.

Here are some devices that have haptic technology inside.

The technology is also found in gamer video controls.

Navigation systems

The company guided up big and will likely smash EPS estimates for the foreseeable future. The numbers get crazy, as with all high growth stocks, paving a way to a $50 stock price under ideal conditions.

Here is their list of patents.

I’ll be doing a lot more work on it and welcome your feedback. I hope the stock comes in, since I don’t own it yet. I am really excited about this company and feel they are in a sweet spot that is unmatched by any small cap company–at the moment– due to their margins and diversified product offerings.

Ticker symbol IMMR