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
23,376 Blog Posts

Indeud!

Just when you thought Senor Tropicana was flush out of wins, he comes back with a HOWITZER to your face, or “facia,” depending on geographic locality.

For the day, I enjoyed big dicked wins in Flotek Industries, Inc. [[FTK]] , Green Mountain Coffee Roasters Inc. [[GMCR]] , Martha Stewart Living Omnimedia, Inc. [[MSO]] and Mechel OAO (ADR) [[MTL]] , just to name a few, effectively erasing yesterday’s losses.

If you are curious about what to buy next, look no further than stocks with massive short positions or small float fuckers. To be honest with you, I am in the mood to withhold information from many of you, since you turn on Le Fly at the first sign of danger.Traitorous bastards! Many of you are despicable human beings, not worth the trimmed fat on my 2 1/2 inch thick rib eyes.

All you need to know is this: I am in a constant and perpetual state of winship. Imagine yourself in a baseball game, trying to strike me out with a fastball. You keep throwing 89mph split fingers and I keep hitting 600ft grand slams. That’s the sort of winship I speak of, when discussing this delicate and important matter.

Top pick: The PPT

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Look Ma, I’m Winning Again

Pardon my tardiness, I’ve been extraordinarily busy these days, dealing with the important business of responsible money management, unlike most of you clowns.

I’ll make this very, very brief.

We’re going higher people. Get your salsa shoes ready, because we’re about to dance on some bear graves here. Since I’m already fully invested, I am not buying anything at the moment. However, I can tell you with a certain amount of “vigor,” Flotek Industries, Inc. [[FTK]] is boot stomping higher old friends. The stock is out of the dog house and it’s biting marbles, as we speak.

Also, Green Mountain Coffee Roasters Inc. [[GMCR]] is the fuck out of here. See you short sellers at $120.

Finally, on this dip, I’d be a buyer of Cummins Inc. [[CMI]] . I offer no story or elaborate reason as to why CMI is cheap. Just know, while you’re home annoying your pretty wife by snoring like a pig, “The Fly” is in space rockets finding cheap stocks to buy.

Finally, in true space alien magician fashion, I’m calling for $106 on W.W. Grainger, Inc. [[GWW]] by Friday. Let’s write these fucking ideas down and quit wasting time.

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iBankCoin Reigns Supreme

UPDATE: Look who’s on fucking fire.

ibc

As I type this message, from the luxury of my oversized mahogany desk, I am reminded of an old saying: “bet against “The Fly” and get your marbles bit off by a pack of rabid pitbulls.” Pardon the expression, but the fucking pussies over at iPhoneland are getting the stuffing kicked out of them by none other than: The Godly folks at iBC.

At the present, the iBC app is ranked #23 in the United States (and climbing) for finance, just under the friendly faggots from E-trade.

I digress (an annoying expression, indeud [sic]. So, I digress, yet again).

This may seem like a small victory in a sea of the countless wins for “The Fly”; but it’s much more than that. Now, instead of simply discussing market events with morons from the internets, I get to cast aspersions upon the people of the iPhone world, a disgusting and revolting crowd, indeud [sic].

So, for those of you from the phone world, wondering who the fuck “The Fly” is, know this: “The Fly” wins all the time, even when you think he is losing. His winship cannot be compared, or paralleled, to anyone on these here internets— or in your pathetic phone application world, where you spend most your lonely days downloading “apps” in a heinous attempt to entertain yourself, instead of talking to people in the real world. You people are bereft of honour [sic]. If at all possible, I’d make an app to punch your fucking mustaches off, while laughing all the way to “Le Bank.”

Hurry up and remove the iBankCoin app from your iphone at once,  before the crazy man from the internets punches your chest hairs off and makes fun of your face.

Aside from all that, I think the market goes higher tomorrow.

Back to eating a box of pretzels.

NOTE: Sometime soon, you wil be able to leave comments from your iPhone. I am sure the iPhone people have an opinion or two on this subject matter.

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A Dramatic Day

Clad with smoking jackets and Playbills in hand, investors worried all day long about the fate of their equities. For many, the drama was too much, sending them to their local hospitals due to chronic fainting syndrome aka “vasovagal.” Before passing out from all of the turmoil, melodramatic investors sold out of their holdings and bought healthy amounts of [[FAZ]] aka “they got in the FAZmobile.”

While in the back seat of my 1980’s style stretch limo, I witnessed some of these fruity investors discussing the “market theatrics,” just prior to throwing a pack of firecrackers at them.

“Oh Henry, my portfolio is down. The drama, it’s, it’s too much (he faints, firecrackers ensue).”

As I type this blog, the Dow Jones is down a staggering 0.58%, causing the distinguished talking faces on CNBC to scare people stupid, by way of reminding them that we might retest the March 2009 lows, indeud. Then they scurry about to discuss the unimportant developments regarding ETF issuance.

In short, “The Fly” took his lumps like a man, losing almost 3% for the day. Easy come, easy go. If the momentum continues to the downside, there is another 200 points max of downside left. However, I would not be surprised to see the market trade up tomorrow. Once again, just to remind you stupid bastards where I stand, this is a LONG ONLY market. Failure to adhere to these prescient warnings will result in the foreclosure of your house, dissolution of your marriage and custody loss of your kids.

Trade accordingly.

[youtube:http://www.youtube.com/watch?v=6x6bs9qigcM 616 500]

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Marinating in Blood

Let the market sell off a bit; who cares? Today’s bloody tape is good for the bears’ confidence. Let them get all huffy again, so that I may burn them at the stake later. It’s equal to letting a small child win a footrace. Run little bear, run.

I’m not ready to buy just yet. The sell off is too shallow. I have numerous positions getting punched in the scrotum and I view such assaults as “healthy.”

At the very top of my shopping list, on further weakness, is Sociedad Quimica y Minera (ADR) [[SQM]] , Cummins Inc. [[CMI]] , Equinix, Inc. [[EQIX]] and Green Mountain Coffee Roasters Inc. [[GMCR]] .

If you are a short term trader, with your dicks stuck in donuts over this sell off, do something about it. Do yourself a favor and run your positions through a virtual stress test, reducing their stock prices by 20% or so, and see if you can handle it. If not, you need to raise cash.

See folks, investing is not about making money, then taking your special lady friend to the opera for celebration. That’s fucking gay. Life in the market is about digging a trench in your front yard, in order to sneak attack your neighbor by offering him a 6am punch to the face, unannounced and completely unexpected. If you are trading like an imbecile, then you are a victim and will be treated as such.

Be a predator; quit being a pussy.

Bottom line: stocks are weak. Expect to lose money. Make sure you can handle it.

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A Parade of Elephants

I ride on top of elephants, on Wall Street, sniping at many of you with poisonous arrows and makeshift harpoons. You would be shocked to know how many professional money managers are short this market. Even though it makes no sense to get in the way of a space alien magician, firing poisonous arrows from atop a fucking elephant, they still get in my way.

Basically, we’re all waiting for Alcoa Inc. [[AA]] to come in with some abhorrent earnings report, in order to justify a sell-off. Unfortunately, the game is so rigged, even Alcoa Inc. [[AA]] can blow the door handles off the door, then proceed to kick it in.

Sometime soon, you will regret the day you were born, whenever the market decides to reverse and sell-off a bit. Lucky for me, I am in possession of a mathematical market marvel (The PPT) and will be able to avoid such pitfalls. I can see it now, all of you giddy fuckers lose it all, amidst a 15% market pullback—classic “kill an e-trade investor” market. Hopefully, this time around, many of you ham and eggers will heed my dire warnings and get in the bunkers, instead of braving out nuclear warheads to the face.

If the stock Gods bless me with Flotek Industries, Inc. [[FTK]] profts (cost basis $2.30), I shall give away money, in some sort of contest. I haven’t thought about the amount or the conditions; but it will be meaningful. Let’s not put the carriage in front of the horse just yet: the stock is still as gay as a three legged statue of Michael Jackson, glove and all.

In closing, I enjoyed another up day, led by Sociedad Quimica y Minera (ADR) [[SQM]] , Cummins Inc. [[CMI]] , Flotek Industries, Inc. [[FTK]] , POSCO (ADR) [[PKX]] , CGG Veritas (ADR) [[CGV]] and Chipotle Mexican Grill, Inc. [[CMG]] , pressing my rights to bountiful stock market gains to over 13%, year to date.

[youtube:http://www.youtube.com/watch?v=wV33UrsgU5k 616 500]

For the Distinguished Members of The PPT Only: Quick Update on My Positions.

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Fly Buy: ?

I bought an undisclosed stock at an undisclosed price for the $100 roll.

Disclaimer: If you buy the above undisclosed stock because of this post, you will be afflicted with instant blindness. And, you may lose money.

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Carrot Chopping Tape

To be long this market in size is equal to speed chopping carrots with your balls on the table, one of my favorite things to do. Even though the long trade has been very consistent, it’s always a little unsettling to be so bullish, amidst such a tragic economic backdrop. Nevertheless, until the mood changes, men with large pipes and well stocked cabinets filled with aged scotch want this market to go up.

Starting off the am, I am greeted with “extreme green” in a variety of names. You do not need to be concerned with such names, for they are mine. What you need to focus on is the quality of your trades, not the quantity. As you readily know by now, “The Fly” partakes in only the highest end of trades, such trades that can only be discussed in the smokiest dark oak rooms, or here on this bullshit website.

I am a sucker for the internets! God bless Al Gore.

Thus far, I am feeling the vibes being disseminated from several of my positions. Again, the names of these companies are really none of your concern. If you want stock ideas, I gather there are plenty of [[FAZ]] and [[SRS]] rec’s taking place on twitter, right about now.

Rumor has it, inside of a certain—undisclosed— smoky dark oak room, men with large pipes, and glasses brimming with aged scotch, are conversing about the prospects of CGG Veritas (ADR) [[CGV]] , U.S. Global Investors, Inc. [[GROW]] , Wimm-Bill-Dann Foods OJSC (ADR) [[WBD]] and Mechel OAO (ADR) [[MTL]]. Don’t quote me on that.
Additionally, some people believe Sociedad Quimica y Minera (ADR) [[SQM]] , Vimpel-Communications (ADR) [[VIP]] , Cummins Inc. [[CMI]] , Corinthian Colleges, Inc. [[COCO]], W.W. Grainger, Inc. [[GWW]] and SandRidge Energy Inc. [[SD]] look “pretty awesome” too. Once again, I refuse to be quoted on “suchness,” as Mrs. Fly would say.

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Racing to the Sun

jan_2010_the_apparition

In early 2009 I started going long stocks at the height of the credit crisis, give or take a week or two (some of you are just so sensitive). Do you remember what stocks I started buying?

Survey says:

GUNS!

I started buying Sturm, Ruger & Company [[RGR]] , Smith & Wesson Holding Corporation [[SWHC]] and Big 5 Sporting Goods Corporation [[BGFV]] , because I was past the point of caring. The way I figured, we were on the verge of a massive “ape-rape” and KING COCK needed to get his trade on, by way of an armed revolution. The trade was the easiest of my life, since it was do or die. If we shit the bed, there was a 10 out of 10 chance that people would start shooting thy neighbor in the face for warm winter blankets. If we didn’t shit the bed, everything would go up in unison and we’d all smoke weed, drink beers, and yell at the TV again, over idiotic football games or stark raving gay reality teevee shows.

Back then, I packed up my shit, put it in my spaceship (made from 100% dynamite), and headed out for the fucking Sun. I just went. No looking back or second guessing—just outer space exploration. By the way, I am still on my journey and I still don’t give a fuck. Sure, I have lots of money to slap people in the face with, if I chose to go that route. I guess it’s due to my modest upbringing and the fact that stock picking has always come easy to me (since 10 years old, motherfucker); but money doesn’t infect my mind like it rips through the souls of some of you clam fucking, backstabbing asshats. Just thinking about how lame some of you bottom feeders are makes me want to vomit on some random homeless guy. Hey, I’d be doing him a favor; it’s fucking cold outside and vomit is warm.

I value loyalty 10x more than hard currency.

The point I am trying to make, ever so boldly, I still have my fucking foot on the gas, heading straight for the sun, via egregiously large long directional trades—sans the hedges (they’re for bitches). Get in my way, I’m liable to “moon-stomp” craters into some of your faces.

Tune in tomorrow, when Senor Tropicana will invite you to his coin minting castle, much to the chagrin of the enemies imprisoned in his “detainment catacombs.”

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Get Green and Do it Now

Let’s talk about Sociedad Quimica y Minera (ADR) [[SQM]] .

sqm

In 2008, due to the credit crisis, farmers around the world cut back on potash. For example, China reduced its appetite for potassium by a whopping 36%, sending the shares of Potash Corp./Saskatchewan (USA) [[POT]] , The Mosaic Company [[MOS]] and Intrepid Potash, Inc. [[IPI]] through the fucking floorboards. What did Sociedad Quimica y Minera (ADR) [[SQM]] do amidst the credit bust cycle? They made their largest investment in company history, by greatly expanding their potash division. In 2008, their potash division produced 186,000 tonnes. By 2013, they are projected to produce 1.5million. Holy fucking cow-tits!

It gets better.

potassium-chloride-unit-cell-3d-ionic

Farmers can’t milk the land for too much longer, without fucking themselves into the poorhouse. According to the laws of science, if you withhold potash (potassium chloride) from your farms for too long, you end up looking like the Soviet Union, circa early 1990’s. After 3 years of reduced potash, you will “enjoy” a 10-25% drop in yield. If you are brave enough to hold out for 5 years, your farm gets “ape raped” to the tune of 62% yield reduction.

In other words, Sociedad Quimica y Minera (ADR) [[SQM]] is in the sweet spot.

In addition to potassium chloride, Sociedad Quimica y Minera (ADR) [[SQM]] is the largest producer of potassium nitrate (49%), iodine (33%) and lithium (30%) in the world.

Let’s talk lithium.
lithium-nitrate-unit-cell-3d-vdw

Lithium is used in all sorts of shit, most notably your smartphones. Sociedad Quimica y Minera (ADR) [[SQM]] stands to benefit from the proliferation of worldwide mobile network expansion. With their surplus lithium, Sociedad Quimica y Minera (ADR) [[SQM]] decided to delve into the hybrid/electric car market. Oh yeah, electric cars use lithium batteries.

Whatever the fuck these green lunatics plan to do with CAFE standards, Sociedad Quimica y Minera (ADR) [[SQM]] stands to benefit, as they are the largest producer of lithium carbonate in the world. If none of this floats your Cadillac, SQM’s nitrate products are also used in solar electricity generation plants.

Where is the stock heading?

Well, it’s hard to tell, since most of the surprise stuff (hybrids, solar, potash) is not really baked into the estimates. Let’s just say, she’s going to $55 AND MORE.

[youtube:http://www.youtube.com/watch?v=FgFg9PpArNo 616 500]

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