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

Merry Christmas

Well, I am pleased with my BROKEN ROBOT gift this pagan X-mas. How about you? Enjoy the rest of the day and be nice to your family, you miserable bastards.

Here is a great little site for the kiddies, if they are into tracking Santa.

Be well and enjoy the spiked egg nog.

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

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Fly Buy: CMI, SD

I initiated a position in Cummins Inc. [[CMI]] , buying 2,000 @ $47.60. And, I bought 10,000 SandRidge Energy Inc. [[SD]] @ $9.86.

Disclaimer: If you buy CMI or SD because of this post, the next time you go for a road trip, your car will cease to work in the middle of nowhere. And, you may lose money.

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The Stocks Gods Bestow Holiday Bounty

As you could imagine, Le Fly is quite busy this morning, running around his residence, like a headless chicken, all thanks and praise to Mrs. Fly for that. After eating several egg whites, accompanied by two slices of toast (lightly buttered), I took a gander (just a gander) at my stock positions. Much to my delight, I see the stock Gods have made an offering to me, in the form of higher Flotek Industries, Inc. [[FTK]] stock price.

Let it be known to all of you, my losses in FTK are severe and meaningful (north of $1 million). Nonetheless, I am reminded of an old tale, once told my some random motherfucker on Wall Street, who said “last year’s affliction may become next year’s orgy.”

Finer words have never been spoken, at least not in North America.

When discussing the important matter of short squeezes, FTK can be a name worth looking at, taking into consideration its 25% short position. If they could get their financing concerns behind them, well then, you might see a terrific run.

Separately, I still enjoy looking at Sears Holdings Corporation [[SHLD]] , Green Mountain Coffee Roasters Inc. [[GMCR]] and Ctrip.com International, Ltd. (ADR) [[CTRP]] , even at these levels. And, if Santa Claus is real, he will send the shares of Flowserve Corporation [[FLS]] over $100, so that I may enjoy, yet another, “hundred dollar roll.”

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Playing the Short Squeeze

Often times when a stock has a giant short position there is something wrong with the company. For the most part, professional short sellers are very intelligent and are extraordinarily detailed in their reasoning behind their downside bets. In downward trending markets, I like to sell short stocks with a large percentage of shares sold short— for the “pile on” effect. Typically, those stocks are easy to break, because people think something is wrong with them. It’s all about perception.

However, in upward trending markets, the sharp edge of the pendulum swings the other way, into the scrotums of the steadfast/stubborn short sellers. Hence, when the markets are shooting higher, I like to go long stocks with large short positions.

Reason being: short sellers can only take so much pain, before they are forced to capitulate and buy back shares, sending said names through the fucking roof. Anyone familiar with Resorts International? Look it up, pal.

Wall Street is littered with legendary short squeeze stories. Why not try to participate in one, while the market is pistol hot?

The following stocks represent the best short squeeze ideas, courtesy of The PPT:

GDP, CSTR, NFLX, JCG, SD, ADVS, AIPC, AKAM, AMED, NILE, SHS, CBL, DSW, SYNA, EQIX, SHLD, ATPG, TNDM, NTRI, GMCR, PCX, CENX, ARD, VPRT, CYBS and MAC.

NOTE: Most of the stocks mentioned above have short positions representing more than 20% of the shares in the float.

NOTE II: In case you didn’t know, iBankcoin launched its second premium service, based upon the work of Mr. Woodshedder, kind venerable gentleman of the south. I insist that you sign up for the free trial (only email address is required). Worst case scenario, you get to bear witness to iBankCoin’s supremacy, when it comes to premium financial products—here on these retarded internets.

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Santa Raped

As I sit here, enjoying the BROKEN ROBOT tape, I am reminded of late 2003, when The Fly was coming off a banner year—long a shit load of semis. I walked around the office with such confidence and spent absurd amounts of coin on cases of champagne, for select friends and colleagues to enjoy during New Year’s festivities. When discussing the markets, I was an authority, as many others attached themselves to me, similar to small fish on a shark.

Then 2004 came and raped me, inside of a short week.

I remember it (the rape), as if it happened yesterday. I was leveraged to the gills, long semis, and did not think about risk. Next thing you know, by the third week of January, I was 10% in the hole (not a good feeling). It took many months to make back that 10% and shake off the mental rape.

Well, during 2009, the bears have been mentally raped, falling victim to even more “rapeage” in recent weeks. While the dollar climbs, so does the market, creating a perfect sublime harmony of short squeezes across various industries.

Gentlemen, this is “The Santa Claus Rally.” If you bet against it, you have been raped. I am so sorry for your loss.

Into the bell, OmniVision Technologies, Inc. [[OVTI]] intrigues me, due to insane demand of the iPhone. Just in case you are stupid, OVTI supplies cameras to Apple Inc. [[AAPL]] .

After kicking around dozens of stocks, I have settled on three stocks, worth building around: Ctrip.com International, Ltd. (ADR) [[CTRP]] , Green Mountain Coffee Roasters Inc. [[GMCR]] and Sears Holdings Corporation [[SHLD]] aka “The Trifecta TeaBag” for overzealous short sellers.

Indeud.

[youtube:http://www.youtube.com/watch?v=s_W7p35SzuI 616 500]

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I Made “The Switch”

It was a very difficult decision for me. Mrs. Fly mocked me for months, while coercing me to “make the switch.” Today, much to my delight, I smashed my fucking Blackberry device with a snow shovel and replaced it with an iPhone—just in time for the iBC iphone App.

Seriously, the Blackberry is retarded. There is no comparison.

The recent numbers out of Research In Motion Limited (USA) [[RIMM]] ] were terrific, but I can’t endorse the stock, as an investment, any longer.

In Fly’s domain, there are Apple tv’s, itouches, ipods, iphones and laptops. Whenever I travel back in time, say 10 years ago, I see myself with Dell, Motorola, Creative Technologies and Toshiba. Like financial blogs, competing consumer technologies represent a pure form of Darwinism.

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Obama Mind Tricks

O’bama drives republicans crazy, mainly due to his laughable resume and under qualifications to be President. Nonetheless, I must admit, “The O” has been good to “The Fly,” thus far. I did well during the Bush years too. However, despite making insane coin shorting stocks in 2008, I prefer making money going long, mainly because “I am into civilization surviving.”

Many of you throw child like fits over “The O,” with regards to his “communist ways” and health care death claw. I am one callous motherfucker. I don’t give a shit about health care. We’re all going to die one day anyway. Who gives a shit about health care? Man the fuck up and accept your future heart attack like a man.

Men wearing brown burlap sweaters, trimmed with royal blue satin ribbons, discuss real serious stuff on the internet. These people discuss matters of vast importance, as if people gave two gay camels about them. Like I said before, join a think tank and let the real men trade this market. We don’t need the likes of you mucking up our swagger, here on Wall St.

My point is this: forget about politics, for it is the sandbox of arm chair generals.

With regards to this market: Adding to my Ctrip.com International, Ltd. (ADR) [[CTRP]] position is paying immediate dividends today. And, once again, Green Mountain Coffee Roasters Inc. [[GMCR]] is squeezing higher. I’ve been visiting a ridiculous amount of stores in NYC, Staten Island and all over New Jersey this holiday season. Everywhere I go the clerks tell me they cannot stock the Keurig’s fast enough. My best guess, GMCR will blow the barnyard doors off eps estimates, sending the stock close to $100. At the point, I will likely sell a large portion of my position, then move onto something else.

At the moment, my top positions are Green Mountain Coffee Roasters Inc. [[GMCR]] , Sears Holdings Corporation [[SHLD]] , [[MWW]] , Lennar Corporation [[LEN]] and SandRidge Energy Inc. [[SD]] . In total, I am long 25 stocks, none representing more than 10% of my holdings. Going into the New Year, I intend to raise some cash, at least more than the 3% I have now.

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BEHOLD: The 15 Year Fad

Jake and I are having a little debate about stocks, in the previous thread. While he may be correct about the ultimate destiny of Green Mountain Coffee Roasters Inc. [[GMCR]] ; it is silly to single out any stock as a “fad.”

Unless the company is a conglomerate, mega cap corporation, pretty much all stocks are fads, in the sense that businesses get hot then cool off, like MSFT or DELL. They come and they go. Big companies and former Dow 30 components, Xerox Corporation [[XRX]] and Eastman Kodak Company [[EK]] , would have never been labeled “fads” 15 years ago. In hindsight, they most certainly were fads, albeit long lasting ones, if by “fad” you mean the stock sucked (and still sucks) dick.

If we are to label GMCR a fad, then it’s important to view the company over a longer time frame, in order to get a feel for how its business is run.

fad_stock

Basically, the stock has been lifting off for 15 years. Perhaps in 5 years, the share price will suffer and Jake may be able to say “Ha, I told you so.” But, I’ll be long gone by then and onto another “fad stock,” where I will attempt to make another killing. The point is: some companies shine for 50 years, others for 5 days. If you were able to make 300% in FADDY, inside of 5 days, would your new car look any different?

So goes the spirit of the market.

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It Sucks to Be You

What more can I say? The gains are rolling in and people are not annoying me any longer. Life could not be better.

You know what I am long, right? No need to rehash current and future victories.

Where is Green Mountain Coffee Roasters Inc. [[GMCR]] going?

It’s going to $100 and more, just like Sears Holdings Corporation [[SHLD]] .

At any rate, “The Fly” must leave now, as Mrs. Fly has a fun-filled evening of holiday shopping planned for him, where he will spend/waste more money on distant relatives who deserve nothing—not even a K-Cup.

I bid you farewell.

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

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