Irrefutable Stock Market Flawlessness

Buy in the 2.20’s and sell above 3.00. The PPT wins again.

Don’t hate me because I’m beautiful.

Happy b-day iBC! Now go away.

Seeing that The PPT was right again and we are declining, I sold out of the balance of my Jarden Corporation [[JAH]] position and a few other loose ends, mainly for peace of mind. Frankly, holding midget positions is not my style. If I am going to lose, I might as well lose in size, like my Flotek Industries, Inc. [[FTK]] endeavor.

I have one final post for the day pending, then I am off for a ride in my 1980’s style limousine to throw blockbuster firecrackers at the pikers, down on Wall St.

As you can see, my timing to step aside is impeccable. However, I can’t take full credit for such market mastery. You see, I am assisted by the best analytic engine known to mankind, better known as The PPT. Many of you are too stupid to understand the intricacies or find the sub par newsletters of James Cramer or The Motley Fool to be a better alternative. However, as you unwind over a nice mug of steamed garbage, Le Fly is eating grapes and guzzling down champagne, as if it was Poland Spring water.

Green Mountain Coffee Roasters Inc. [[GMCR]] posted good numbers and guided up. As a result, the shareholders are “enjoying” a nuclear winter today, down 10%. This is exactly what I was looking for, in order to initiate a position. Additionally, with 3Com Corporation [[COMS]] being bought out, people think Brocade Communications Systems, Inc. [[BRCD]] is no longer on the block. WRONG. Brocade Communications Systems, Inc. [[BRCD]] is a good buy down here.

What else do I like? Let see….

I like POSCO (ADR) [[PKX]] under $110, [[CBD]] under $62, Mechel OAO (ADR) [[MTL]] in the low $19’s and U.S. Global Investors, Inc. [[GROW]] @ $12.

By the way, have you seen my W.W. Grainger, Inc. [[GWW]] today? It’s not really going down with the rest of the market, now is it?

I own 1,000 Ctrip.com International, Ltd. (ADR) [[CTRP]] from $55ish. I intend on holding those said shares indefinitely.

Finally, I want to make something clear. I am much more interested with the overall tone of the market, than specific names. I am timing the peaks and valleys of the Dow and s & p, in order to calibrate my buys into my favorite names. In short, with another 2.5% down, I will be ready to put my coin back to work. Until then, me and my coin will sit here, sipping on tall glasses of hot hot Earl Grey Tea, mixed with heavy cream, while chuckling at the buffoons on the teevee going “full retard” on this market.

[youtube:http://www.youtube.com/watch?v=6Ixjs_fcVo8 616 500]

iBankCoin turns 2 today.

For all of you new readers, I started blogging several years ago, on this orange blog. We had fun back then, as I transformed the traditionally staid financial blogosphere into something more exciting. No matter how much success iBankCoin accomplishes, nothing will compare to the days when I’d interrupt Woodshedder’s weekend blogging duties, in order to fire him. That’s how I met RC, Wood, Danny, Jeremy (IT guy), Gio and countless readers, via FOWS.

Over the past two years, we hosted solid bloggers, like Alphadawg, Gunners and that crazy man from New Zealand Ducati. But blogging is not for everyone. As a result, people come and go. Take Danny for example. He always hated blogging; but I prodded him to help start iBankCoin with me because: A. I trusted him. B. He was a solid writer and pretty damn hilarious.

Wood came with me because he had nothing better to do.

In 2007, iBankCoin was visited 1.4 million times. In 2009, we surpassed 12 million.

Without a doubt, we have carved out a little spot in the financial community as THE BEST DAMN FINANCIAL SITE on the web. We are the best, not only because we are smarter and dress better than everyone else. But, we know how to navigate the stock market, like space alien magicians.

If you think I am going to thank the readers for making iBankCoin a top destination for internet leeches; you are wrong. As a matter of fact, you should be thanking me for starting iBankCoin. Always remember, readers can be replaced; but there is only one iBankCoin (whatever the hell that means, I like it!)

So, cheers to you for being blessed with my prose and cheers to me for being the person that I am, who is able to punch mustaches off while executing successful 7 figure trades. And thanks to my staff, CA, RC, Wood, Danny, Fool, Gio, Jake, Jeremy and even the disturbed people from the Peanut Gallery for putting in countless hours of work, helping iBC destroy its barbaric enemies with verbal grape shot.

Long live iBankCoin and may God kill its enemies, immediately.

NOTE: Here is the old video, produced by Danny, that introduced iBC to the internet proletariat, back in ’07. Notice how very orange the site looked back then.

One of my vices is seeing the worst in people. Some of you southern rednecks offer pecan pies to your neighbors; I scowl at them. I know a lot of traders and investors. Most of them suck. I am not taking a high road approach here, believe you me. I’ve had plenty of off days and as a result lost millions in the process. What I am talking about is a psychological defect that makes a person trade like an ignoramus.

I am up 22% in my ICICI Bank Limited (ADR) [[IBN]] position inside of one week. What have you done lately?

See pal, it’s not about the quantity of the trades, but quality.

Noble men of the internet, do not give into the flashy advertisements of the online discount houses, encouraging you to excessively trade your piker accounts into oblivion. Think before you act and walk with purpose. Who likes to hang out with people who can’t speak clearly? I hear you mumbling; but I have no idea what the hell you are saying.

Add luster to your reputation, by way of monster wins. Legends are born through epic wins, not a series of practical jokes.

Green Mountain Coffee Roasters Inc. [[GMCR]] reports after the bell and they will destroy earnings estimates. However, will that make the stock trade higher or sell off on news? If you had a game plan and proper asset allocation strategy that would not matter to you. My point is this, very simply: the market is not the gamble that the idiot poker experts tell you it is. Certain companies do well because of innovation and good management. Being able to identify trends and consumer behavior will punch the teeth out of any technician, any day, any time.

The dollar traded up today, yet the market went up too. My best guess is that we are close to the top of the trading range, for the near term. I am not talking about “The Summit,” which will lead to a mind numbing collapse. All I am looking for is a 3% sell-off, so that I can go “all-in” for the ultimate move up to 10,500, where I will tell my detractors to stick it where the sun doesn’t shine, or does; it makes no difference to me.

I have friends in the mortgage business with loans coming out of their ears. Anyone with a Fico score of 620 and better is qualifying for sub 6% loans, providing they monkey up to the table with 20% down. Case in point: have a gander at Toll Brothers, Inc. [[TOL]] today.

Ladies and Gentleman of the internet, do yourself a favor and buy a house.

Don’t believe me?

Take a look at the Case-Shiller Metro Housing shares up [[UMM]] :

This ETF tracks the actual value of homes in NY, Boston, Dallas, Tampa, Miami, LA, Phoenix, etc. Basically, it tracks the value of homes in big cities aka “the only place that counts.”

Now ask yourself, punk: are ya’ feelin’ lucky?

Do not misconstrue my 60% cash position for bearishness. I told you once and I will say it again: this is a LONG ONLY market. Failure to adhere to these laws of reason will result in me buying your house in foreclose.

Don’t get me wrong, with the positions that I still hold, mainly foreign stocks, I am doing quite well. CGG Veritas (ADR) [[CGV]] , ICICI Bank Limited (ADR) [[IBN]] , Mechel OAO (ADR) [[MTL]] , Ctrip.com International, Ltd. (ADR) [[CTRP]] , [[CBD]] , [[MWW]] , Sociedad Quimica y Minera (ADR) [[SQM]] , Equinix, Inc. [[EQIX]] , POSCO (ADR) [[PKX]] , Ciena Corporation [[CIEN]] , Jarden Corporation [[JAH]] and Aracruz Celulose SA (ADR) [[ARA]] all look good to me. While it’s true, many of the stocks above represent “watered down” positions, considering that I sold the lionshare of my holdings. Nevertheless, I am still participating in the rally, just not with my balls on the kitchen table while speed chopping carrots.

Bottom line: What’s your cash position?

Where are the doubters now? When I said “I will not curse until 10,500,” most of you thought I was mad, especially since that was 700 points ago. You tilted your heads, similar to how dogs react to strange sounds, looked at the screen and said “grrrruffff.”

Well, I am going to let you in on another secret: I will not be cursing for another few weeks, if not a whole month. The market is overbought, fish face. All of the dumbest people are diving into empty pools here, elated with their market prowess, willing to press the envelope “one more time.”

Luckily, “The Fly” does not fall into such a “stupid camp,” and is now enjoying the luxuries of a 60% cash position. Granted, I dropped 500k on W.W. Grainger, Inc. [[GWW]] yesterday. However, GWW is a low beta stock and will not clown rape me on a pullback, unlike many of the other stocks that I shed. Plus anyway, GWW is a $100 roll play, entirely worthwhile.

My advice to you: do the opposite of what Joe Terranova says and go get your shoes shined.

Be sure to speak in indiscernible patois, all the while thinking of philosophy and the current state of the NYC art scene. When blogging, use words that no one else knows, in order to feel cavalier about oneself. You do know, it isn’t much fun unless someone is feeling dumb.

The internet is a playground filled with adult children, who compete with one another for the praise of ignoble/base human beings, of the lowest order. Nonetheless, every so often, all of the banter produces something of value. Believe it or not, I am grateful for having an opportunity to discuss world events or the current state of my neighbors lawn with obsequious people. It’s like drinking a fine Bordeaux, out of a juice cup with a straw.

I’ve been running iBankCoin for two years now and have made legitimate connections with people that I am glad to consider “friends.” Despite being afraid of meeting “people from the internet,” I have done so and intend on doing so again. “The Fly” is quite the social dragonfly in real life, despite his “interesting”/bellicose persona, here on the internets.

Some fun facts about “Dr. Fly”

• He doesn’t really eat sandwiches, at least not multiple sandwiches at the same time.
• He rarely drinks Monster Energy soda anymore. Instead, he drinks low-cal Red Bulls.
• He obsessively brushes his teeth about 10 times per day.
• And, finally, he doesn’t really slap people in the face with hot slices of pizza, then proceed to kick them down empty elevator shafts.

The whole point of iBankCoin is to do and say what is considered taboo, within the finance genre of the internet, while sticking sharp pencils in the eyes of enemies, as the wins pile up.

In a word: WHERESMYROOTBEER ?

UPDATE: Krull

I bought $500,000 worth of W.W. Grainger, Inc. [[GWW]] into the close, for the $100 roll. Do you know why?

BECAUSE I CAN.

Dr. Fly is all about diagnosing then doing surgery, save the costly anesthetic for the cowards at The County Hospital.

My cash position is insane and my winship is unparalleled. Over the next few days, I will lay the groundwork for my end of the year run, sending my gains into triple digits. In all seriousness, I didn’t like giving back all of that money a few weeks ago. So, now that I am whole again, I decided to take my chips and walk.

Nevertheless, I still have multiple tricks up my sleeves, like 12 gauge shot guns and left over party favors, laced with mustard gas.

Top pick: GWW

Here is some romantic music, for some of you players out there. Be sure to play it for the wife tonight. Without a doubt, you will get lucky.

I bought 5,000 W.W. Grainger, Inc. [[GWW]] under $98.70.

Disclaimer: If you buy GWW because of this post, the laws of the $100 roll will cease to exist. And, you may lose money.