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

Throw Your Guns In The Air

Ok, this market is no longer just going higher. It is mugging the shorts of their money and their fucking lives. There is no rhyme or reason for this shit to keep spiraling higher, but it is. This brings me back to the go-go days of 2003, when the market bottomed out and catapulted 50% inside of a few short months. During that time, I made more money than God. However, if you recall, early 2004 offered early reservations to the cemetery, for those long semi’s. With that in mind, knowing this shit could end at any moment, I will continue to sell into this rally.

Early going the refiners are lifting off, led by Valero Energy Corporation [[VLO]] and Western Refining, Inc. [[WNR]] . Despite the market feeling slightly overbought, I like the action in DryShips Inc. [[DRYS]] and General Cable Corporation [[BGC]] .

On pullbacks, I will buy Spartech Corporation [[SEH]] , TEKELEC [[TKLC]] , Corning Incorporated [[GLW]] and [[RAX]]

[youtube:http://www.youtube.com/watch?v=WzxREVm91pQ 616 500]

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INDEUD!!!

This shit is just outrageously fucktastic to the upside. In no time at all, brokers will be hiring hookers to feed them lunch again and hedge fund managers will line their reception desks with wanna-be super models.

Life is good, as a bull. Nonetheless, I am taking this opportunity to liquidate some winners, in order to raise cash. Plus anyway, thanks to this psycho-path market, I have been unable to allocate funds to my new foreign theme. With the cash that I am raising now, I will do just that.

Unfortunately, for you, I have meetings towards the end of the trading session. Yours truly is blowing the fuck up in real life too, aside from my Blogfather status here. Into the bell, I like Flotek Industries, Inc. [[FTK]] , TEKELEC [[TKLC]] , Western Refining, Inc. [[WNR]] and DryShips Inc. [[DRYS]] .

Indeud!

[youtube:http://www.youtube.com/watch?v=ugpjfYA1hZ4&feature=related 616 500]

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Net Seller Here

I sold out of American Capital Ltd. [[ACAS]] , Holly Corporation [[HOC]] , [[UNG]] (fuck that ETF) and Hercules Offshore, Inc. [[HERO]] .

Cash position nearing 30%, while year to date gains are donkey dick large.

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The Liars Will Lie

And the real players will bank coin off the foreheads of stupid-ass bearshitters, Many of you bullish types are geeked out over the recent run, popping champagne corks during lunch and throwing $50 steaks on the restaurant floor—because it was cooked wrong.

“The Fly” is on a roll here, banging out successful trade, as if I had a deal with the devil. Speaking of which, beware of those who speak with a forked tongue. If you don’t know what I am speaking about, go back to your homofied NY Times crossword puzzle and sip on a soft latte from ‘Bux.

I am a net seller into this melt-up. I will take this run to remove some of my lesser quality names from the portfolio. You know, the names that were lighting my ass on fire 3 weeks ago; yeah, those fuckers are gone.

Finally, many thanks and praise to the stock Gods aka “The Devil” for gifting me with a larged cocked move in American Capital Ltd. [[ACAS]] today. I’ve got lots of shit to do today, so buzz off coffin stuffers.

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Today’s Winship: The PPT Made Me Do It

For more information on how NOT to be a pathetic loser, join The PPT for shameless detail.

UPDATE: “The Fly” is celebrating today’s wins, by way of drinking 40 ounces of malt liquor, letting off some rounds from my gun, while listening to this shit—REAL LOUD—in the richest part of Staten Island. LOL!!! I done lost my mind!!!

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

UPDATE II: Into strength, I sold out of TerreStar Corporation [[TSTR]] , Tesoro Corporation [[TSO]] , Valero Energy Corporation [[VLO]] , Level 3 Communications, Inc. [[LVLT]] and TeleCommunication Systems, Inc. [[TSYS]] . In other words, I raised some cash, by way of selling out of some of my bullshit stocks.

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Space Alien Magician Asset Management

Pete Rose could hit the ball in between the arm pits of the second basemen for a base hit. Joe Montana could bounce a football off the helmet of the defending free safety, into the arms of his WR for a touchdown. “The Fly” can bank coin in the stock market, even if the stock market was reduced to some sort of open source gambling machine, run by big brokerage firm robots.

In order to make money in this market, similar to learning how to jump rooftop to rooftop in the Matrix, you have to clear your mind of all the tomfoolery and slap your assistant in the face with a ham sandwich.

At this point, “The Fly” isn’t looking or “monitoring” over his positions; he is simply “glossing” over them. I took a quick glance at them, about 5 minutes ago, and I am impressed. Gosh darn it I am good. For the love of defective brake pads, I am cleaning up.

At the moment, I still love the natty trade, long Flotek Industries, Inc. [[FTK]] , Hercules Offshore, Inc. [[HERO]] and GMX Resources Inc. [[GMXR]] . Moreover, within tech, my favorites are Starent Networks Corp. [[STAR]] , General Cable Corporation [[BGC]] , Sonus Networks, Inc. [[SONS]] , [[RAX]] and [[ENTR]] . My latest buy, Spartech Corporation [[SEH]] , looks great too. Despite being content, bullish like Ned Riley, at any moment, I may decide to raise cash and lock in sweet, delicious victory.

Stay tuned.

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Trance Dance on Your Face

Closed out the day, up another 2.5%—long Flotek Industries, Inc. [[FTK]] , Tesoro Corporation [[TSO]] , Holly Corporation [[HOC]] , Valero Energy Corporation [[VLO]] , American Capital Ltd. [[ACAS]] , Spartech Corporation [[SEH]] , DryShips Inc. [[DRYS]] , Hercules Offshore, Inc. [[HERO]] , Barnes & Noble, Inc. [[BKS]] , Western Refining, Inc. [[WNR]] , Starent Networks Corp. [[STAR]] , Sonus Networks, Inc. [[SONS]] , [[RAX]] , [[CBD]] , Level 3 Communications, Inc. [[LVLT]] and many more.

Time to celebrate early, in asking for a jinx sort of way, via large glasses of red.

[youtube:http://www.youtube.com/watch?v=dAyVw5QNirU 616 500]

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Shorting Natural Gas is Sheer Madness

I’ll be the first to admit: I chase price action to the upside, and to the downside. However, I consider it to be an attribute, not a flaw. I don’t try to buck the trend, at all times, just occasionally. Generally, I take the fatty middle out of the market and eat it all up. With regards to natural gas: you’d have to be a sprinkling idiot to short it here. I mean, if I saw any of you fucktards shorting natty here, I’d run up to you and punch you in the face with a lemon merengue pie.

Instead of messing with broken ETF’s, like [[UNG]] , try your hand at some cheap natural gas stocks—for a trade.

My favorite natty stocks are Flotek Industries, Inc. [[FTK]] , GMX Resources Inc. [[GMXR]] , Arena Resources, Inc. [[ARD]] and for the fuck of it NGAS Resources, Inc. [[NGAS]] . There are many other stocks worth perusing, like Southwestern Energy Company [[SWN]] , Range Resources Corp. [[RRC]] and Canadian Natural Resource Ltd (USA) [[CNQ]] . Howsoever, I like the aggressive degenerate names, all thanks and praise to my genetic defects for that characteristic trait.

I hate to pound the drums of war, despite truly loving to do so, in egregious fashion. But, I must say, Flotek Industries, Inc. [[FTK]] looks poised to steamroll the embedded shorts, without mercy—sans warning.

In short, the commodity trades are in vogue: why not fuck around with the only commodity that is still cheap?

Indeud.

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Fly Buys: DRYS, SEH, FTK

I bought 10,000 DryShips Inc. [[DRYS]] @ $6.90 and 2,500 Spartech Corporation [[SEH]] @ $11.37.

UPDATE: I bought 5,000 Flotek Industries, Inc. [[FTK]] @ $1.97

Disclaimer: If you buy the above stocks because of this post, the Italian mafia will target you for extortion. And, you may lose money.

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God is a Bull

It’s 2006 all over again. The inflation trade is alive and well. Moreover, we are in the midst of a profound technology revolution—one that is comparable to the dot com era. I will have you know, my blackberry mobile device fell victim to an egregious water hose this weekend. Some asshole, whose name will remain private (HORATIO CLAWHAMMER), went bananas with the water hose, while in the backyard. As a result, my blackberry is dead. Fucking dead as a doorknob.

The good news: to be very candid, I don’t give a fuck. People like to talk too much. Everyone is a socialite these days, always wanting to party, always wanting to make friends. Fuck you and your friends. I am much more interested in making enough money, so that I can build my own people, made from robots, which will be manufactured by the God fearing folks at FOXCONN, of course.

As for today’s tape, expect more of the same. The market is an easy buy, especially on dips. All earnings estimates will be SHATTERED, thanks in large part to free money and a fucked up government. Be that as it may, I will exploit the criminality and build houses with the profits.

Top picks: Flotek Industries, Inc. [[FTK]] , DryShips Inc. [[DRYS]] (lit m-80), General Cable Corporation [[BGC]]

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