It Looks Like a Blow Off Top in Solar

My solar index was +18% yesterday and up even more this morning, with a wide array of names up more than 50% for the day. I kicked out of a 100,000 SOL purchased yesterday for a cool 20% gain. Had I held onto it for another 10 minutes, the gain would’ve been 45%. If I still held it now, the gain would only be 7%.

These stocks are coming in hard off their highs. I would not bottom fish them today. Many of them are overdue a 20% beat down.

Seek risk elsewhere.

I followed The Devil and bought a little MCP, only 10,000 shares. I will hold it for a week.

Other than that, I am waiting for my shipping stock, FRO, to explode to the upside. I am long 1.1 million shares and know, without a doubt, the stock will be heading higher over the intermediate term.

In summary, risk is coming off the table now and it’s a glass of nitroglycerin. Do not try to catch it.

I booked profits on SOL.

YGE is +22% pre-market and the 100,000 SOL I bought yesterday is going to pay off nicely this morning, with the stock up 15% so far.

Let me entertain myseld by affixing rudimentary valuation comparisons in order to justify higher prices.

Year to date, who are the laggards?

EMKR (-15%), STP (-45%), DQ (+15%+), STRI (+23%)

Who are the cheapest on a p/s basis?

STP, CSUN, SOL, HSOL, JASO

Lastly, who are the most impaired on a debt/equity basis?

STP, CSUN, LDK and DQ

As an aside, I’m thinking it’s time for the shippers to run again, hard-core, 1970’s pornographic style, extra mustache. Morgan Stanley issued a bullish report on them yesterday.

See?

If the shippers are gonna run, solar style, the following names have the best chance of ripping.

GNK, FRO, EGLE, TNK, NAT, VLCCF, DRYS, GLOG, DSX, NM and BALT.

The market gave you solar. Then it gave you education stocks. For the love of God himself, it even gave you bankrupt boat stocks. Now it is going to grant you the best of them all: CHINESE BURRITO LOTTO STOCKS!!!

Ding-ding-ding– you can be a winner too. Step right up and try your luck. There is a winner each and every day.

We’ve moved past the frivolities of fundamentals and solvency, now it’s time for us to invest in complete mirages, cardboard companies (literally companies with building made out of cardboard, like Hollywood sets) who don’t do anything but report spectacular revenue and earnings growth. We have moved past corporate governance to none at all, audited with the intent to defraud. The trick is, as always, is not to be the last man out of the door. Be sure to kick, punch and stab your way out of these stocks I am about to unveil to you, for they are the very lowest of the low–THE BOTTOM OF THE BARREL, scum of the earth.

They shall trade higher and now.

Chinese Lotto Guys, 2013
STV
CCCL
SVM
SUTR
YZC
XIN
EJ
GA
HOLI
AMAP

There will be others. When you buy these names, do so under the veil of secrecy, wear a disguise and cloak your person. Should anyone find out you were speculating in red chinese faux companies, they will think poorly of you. Since 2013 is all about plutocracy and indulging oneself with free money, I see no reason to assume these low brow names will be next to cross the many lists of vagabond day traders.

Unfortunately, many of iBankCoin’s competitors resort to informercial at midnight type of marketing, for their wares, promising your millions of dollars in profits from listening to their advice. Most of our readers are keen enough to realize anyone who talks like that is a future feature on CNBC’s American Greed. On this site, we practice the art of trading, from my urinal shadow derived picks to ChessnWine’s checkmate technical plays to Ragin Cajun’s momo breakouts and to The Devil’s fiery hot picks, most of you are well aware of the talent that walks these halls on a daily basis.

However, since he is new here and absent from the blogging world for more than 4 years, I think it’s my duty, as warden of this site, to highlight the work of The Option Addict. Some of his recent picks include RSOL @$1.87, BIDU @ $91, WFR in the low $5’s, I can go on. When it comes to playing technical breakouts, combining expertise of the options markets, no one beats OA. Truth be told, some of my friends in the money management business have already taken a quick liking to his style, without my telling them to check him out.

As for the markets: we are still heading higher.

We’re sweeping legs here at iBC, all day long–each and every day.

Top picks: JIVE, MT, FRO

UPDATE: I sold out of ARG, for the $100 roll.

I added to my JIVE position under $15.90.

I sold out of YGE, +20%.

A long time ago, when I was working until midnight in the cold calling pits of an unnamed NYC brokerage house, my mentor came back to the office after an evening of drinking. That office was open all night, as the brokers who worked there had the work ethic of mules. He approached me and sat down, then said “I just took home $80,000 this month and don’t know what to do with it.” He was obviously trying to motivate me by bragging about how swell his life was. Little did he know, I never cared about his life, as I was always interested in my own. Back then a good meal was romanian steak and fries at a diner. Back then, I was lucky to have enough money to pay for my dry cleaners.

Fast forward 15 years and I am making the money my mentor once bragged about; but I don’t feel fulfilled. Whatever I am making, someone is making more. It’s the never-ending spiral upwards, the plutocracy if you will, that has me wanting more.

As I talk to you small plebs now, I am sure you feel comfortable in your housing tenements, watching CNBC from a black and white television. Just know, I don’t feel sorry for you. As a matter of fact, I have no feelings at all, whatsoever, as to your prospects, since I am only interested in my own.

With that being said, ironically, you stand to benefit a great deal from my obsession by siphoning off my brain stem for cogent stock ideas.

As you read this diatribe, I am up more than 2.7%, led by YGE and CZR.

Of course I think both trade higher, as well as SOL, IMMR and ANFI. However, if you want my single best idea that has yet to make the rounds thus far, have a look into JIVE–you turkeys. And I mean that in my most sincere way possible.

I started a new position in SOL @ $2.39

Solar names are exploding to the upside, yet again.

At the top of the solar degeneracy is JASO, RSOL, DQ, TSL and STP. Pray tell me, why the hell are you still waiting for silver to turn around?

Here are some other names that are exhibiting the characteristics of a head being placed inside of a vise, then squeezed.

UNXL
YRCW
RPTP
SZYM
BZH
ROSG
JRCC
YY
MCP
BKS
and one of my personal favorites ANFI.

I’m in idea and trading mode. Pardon the absence of prose, as I am busy banking coin at a criminal rate.