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
19,347 Blog Posts

Fly Buy: MVIS

I bought 1,500 MVIS @ $4.23.

Disclaimer: If you buy MVIS because of this post, you will fall victim to food poisoning. And, you may lose money.

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The Banks are Full of Shit

I love how the talking heads on CNBC and everywhere else defend the banking fools, saying: “they have no idea how big the write downs will be.”

Bullshit.

They know how much exposure they have to credit related junk. In my opinion, they are trying to sweep the garbage under the rug, then exclaim: “hey, look how clean our fucking floors are.”

In short, if the damage is half as bad as the bears say, there is no reason to buy LEH, MER, MS, CFC, GS or any other financial stock, until they capitulate.

Naturally, of course, “The Fly” has no evidence to convict the bankers of “hiding their bullshit.” However, this is not the 1920’s, pre-computer era, where all positions were written on small pieces of paper—then stuffed in a filthy filing cabinet until the firm went bankrupt.

Plus, I have a time machine.

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Bear vs Bulls

[youtube:http://www.youtube.com/watch?v=ymoGJsaSS6c&feature=related 450 300]

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Bear Special: What’s Getting Killed

In an effort to placate the bearish variety of fucktard, who “learns” from “The Fly” daily, I have compiled a short list of retard stocks. They are grouped by sectors.

Chinese lotto:

ADY, CEA, CHNR, KUN, JRJC, WX, ZNH, ACH, SNP, SNDA, CEO, SEED, FFHL

Financials:

SCA, MTG, NFI, RDN, PMI, ACF, WM, ABK, CCRT, DSL, CFC, MER, FIG, FMD, RBS

Food & Beverage:

KKD, NTRI, SPTN, SDA, COT, PFCB

Retail:

ODP, GES, OMX, LUX, CWTR, ANN, BID, TBL, DDS, HD, JWN, SPLS, CROX, BONT

Energy:

DPTR, PEIX, IOC, PLLL, TSO, STP, HOC, BRN, CSUN, WNR, GHM, ALJ, TSL, LDK

Medical:

BIIB, NBIX, ELN, PDLI, SHPGY, AMAG, ACAD, IFLO, ISRG, BSX

Semi’s:

ONNN, ATE, SPIL, SPRD, TER, AMD, NVDA, UTEK, SIMO, OVTI, ANAD, ISIL

Internet:

BIDZ, ELOY, BCSI, SINA, NCTY, REDF, OSTK

Metals:

PAAS, HAYN, ROCK, RIO, PKX, SWC, PCU, X, RTP, GGB, AUY, BVN, FCX

Networkers:

NWK, CIEN, CCBL, SVVS, RVBD, CLWR, LLNW, GNET, INFN, HLIT, GIGM

Trannies:

FREE, EXM, TBSI, DRYS, DSX, ACLI, TRN

Hardware:

AUO, VMW, LPL, RACK, HYC, SYNA, TASR, IVAC, EMC

Wireless:

NIHD, CELL, CNTF, CHL, TSU, AMT

Homies:

PHHM, CALC, BZH, BECN, BHS, MTH

Industrials:

FLR, EXH, CCC

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Too Busy to Lose Money

Because LEH reported better-than-expected numbers, with little write downs, I’m encouraged to sell it short.

In my opinion, there is no fucking way those ‘tards got the credit crisis right. They get everything wrong.

As you can see, my new sector spotlight (see charts on front page) is “bear market,” which entails a variety of inverse ETF’s. Learn from that shit, hatfucker.

Apparently, it looks like the mentally ill trading robots on the NYSE will push the market green. Look for bounces in anything but financials.

However, I have zero interest, whatsoever, to buy stock here.

Instead, I will sit here, throwing candy canes at the pancaked faces on CNBC, while guzzling large quantities of Monster Energy Soda, barbarian style.

With my money, I want to add to SKF and FXP.

On the long side, I like the action in HANS and MVIS.

In short, “The Fly” doesn’t have fucking time to lose money. He’s too busy with Godly affairs, such as: “How to hit your trader/servant with a marble statue from 50 ft away” or “Where to hide your illegal workers, when the authorities come looking.”

Developing…

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Late Night Fact

Early this evening, my wife and I took our 3 year old son to get a haircut.  They charged my wife $10.

Three weeks ago, I took my son to the same place, for a cut; the bastards charged me $15.

Odd, no?

I think not.

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The Pixies: Debaser

[youtube:http://www.youtube.com/watch?v=8IB_sf647O8&feature=PlayList&p=8AF18B710B3DB739&index=5 450 300]

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NYSE Robots are Mentally Ill

That was one fuck of a bullshit trading session. For the most part, everyone but “The Fly” lost, as mental illness infects the trading robots at the NYSE.

At the end of the day, I feel confident that the wheels will fall off that stupid Chinese wagon. It’s nasdaq 5,000 all over again.

In time, the Chinese exchange will have a 3 handle, deservedly so.

Aside from that, the financial bulls got their fucking heads punched off, led by dumb guys at C and WM.

Let’s just say it: WM is going under.

In closing, “The Fly” demands you get market neutral or bearish. Don’t be stubborn with your positions, else you’ll wind up like the tanned one at CFC.

Right now, I will keep big positions in VMI, MVIS, GD, RIMM, AAPL, FXP and SKF. And, I may take out some short positions on both BSC and LEH, tomorrow.

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Fly Buy: SKF

I bought 5,000 SKF @ $97.5

Disclaimer: If you buy SKF because of this post, your IQ will go below 100. And, you may lose money.

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