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

Good Morning

[youtube:http://www.youtube.com/watch?v=qZx3AxoTjzc 616 500]

I am an oil man. Talk to you later.

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Playtime is Over

For all intents and purposes, the summer is over; now it’s time to get back to work. No more going out to bars, getting your faces punched in. It’s time to get “kick the dog into the high voltage fence” serious, especially for you home gamers who are into banking coin.

While most of you just sit around, fat and stupid, waiting for luck to hit, some of you have a sincere interest in mastering this market. Truth be told, I will tell you exactly what you need to hear, in due time.

The end of summer, for Senor Tropicana, means no more playing around with time wasting activities. I will not partake in afternoon walks or even talking to idiot friends on the telephone. Instead, I intend to pick up my trading activity, to better suit my highly caffeinated demeanor and swagger.

As you well know, the theme is “fuck the dollar” and “hello commodities and tech.” Moreover, as discussed earlier, I intend to allocate 20% of my assets to foreign stocks—all thanks and praise to the splendours [sic] of global growth, regardless of Vietnamese sweat shops.

In short: get to work.

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Time Machine Special

If you recall, I was blogging from the future yesterday, thanks in large part to my plutonium powered time machine. While in the future, I was blessed with privileged information, regarding today’s melt-up, all thanks and praise to corrupt, bear eating robots, from Goldman.

Now, “Plutonium Petey” brings GOOD NEWS of future natural disasters, with regards to hurricanes and other such eventful things. Believe you me, I will be salsa dancing on your faces, once I blow out of my refinery trifecta: Tesoro Corporation [[TSO]] , Western Refining, Inc. [[WNR]] and Holly Corporation [[HOC]] . As an aside, my position in Starent Networks Corp. [[STAR]] is cutting the livers out of those who sell it short.

Real quick, with the utmost sincerity and candor, get long egregious amounts of stock into the bell, then go drink yourself stupid, for the market is about to carpet bomb the short sellers into the pangs of an inferno funhouse.

Good Day.

[youtube:http://www.youtube.com/watch?v=_E645AXLgnI&feature=related 616 500]

Top picks: refiners, Starent Networks Corp. [[STAR]] , Flotek Industries, Inc. [[FTK]]

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Fly Buy: RAX

I bought 10,000 [[RAX]] @ $13.70.

Disclaimer: If you buy RAX because of this post, your wife will leave you. And, you may lose money.

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Stop Complaining

Aside from the cocksucking homos at Flotek Industries, Inc. [[FTK]] , life is grande in Flyville, with positions flying off the handle—higher—and large cans of Monster Energy Soda flowing freely throughout the office. Once again, The PPT, nailed the bottom of the channel, when it registered a 2.25 score, for the Overall Hybrid score in the database. On the flipside of that coin, should the Overall score eclipse 3.00 again, look to take some stock off the table.

Look people, it’s all about the dollar sucking dick and how THAT pertains to higher stock prices. Much to my amazement, oil is not skinning the shorts alive. Howsoever, I anticipate such circumstances to change soon, all thanks and praise to the Godly folks at OPEC.

With my money, naturally, I might add to my burgeoning positions in Tesoro Corporation [[TSO]] , General Cable Corporation [[BGC]] and TEKELEC [[TKLC]] , while slapping my trader/servant in the face with scolding hot slices of pizza.

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Everyone Lies

There is no such thing as truth air castles, where assholes live out their days being honest with one another. Like all men, I fight, tooth and claw, to defeat my friends and enemies— at some sort of nonsensical game of life. If my neighbor has a big ass tomato farm, mines has to be bigger.

Some people get stuck on stupid, believing in others, whether it be a spouse, a colleague or some jerk-off business partner. When times are good, people let their guards down, via trusting the instincts of others.

NOT ME.

Fuck that shit. I sharpen my knife everyday, while preparing for the eventuality of doing something different. While it’s true, “different” is a very general term; it’s the state of mind that is important.

Having too much trust can also lead to outsized and “larged dicked” losses in the stock market. Hey, for the love of gay goats and pink umbrellas with feathers on them, people trusted Lehman—all the way to the shitter.

The point I am trying to make, especially to my younger readership: quit being such a malleable pussy and keep your eye on the big picture—son.

Dr. Fly signing out for the night.

UPDATE: Totally unexpected vid from Karl, along the same theme.

[youtube:http://www.youtube.com/watch?v=wdFzVtQb1YA&feature=sub 616 500]

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The U.S. is Old Hat

For the most part, “The Fly” has shied away from foreign fuckery, due to some deep embedded paranoia in the back of my psyche, which was implanted by the Illuminati when I was a youngster, regarding foreigners, their mustaches and their stupid countries. Nonetheless, I’ve decided to allocate 20% of my holdings towards foreign stocks, not for trades—but for the long haul. Naturally, the components of my foreign speaking portfolio may change; but the theme will remain constant.

Using The PPT, I isolated the very best names, then proceeded to dig in deeper through various secret means.

Here is my starter list, which will be filtered out several times until I am left with 20 names:

Argentina: Banco Macro SA (ADR) [[BMA]] Australia: BHP Billiton Limited (ADR) [[BHP]] Brazil: [[CBD]] Brazil: Vivo Participacoes SA (ADR) [[VIV]] Brazil: Petroleo Brasileiro SA (ADR) [[PBR]] Chile: Enersis S.A. (ADR) [[ENI]] Chile: Sociedad Quimica y Minera (ADR) [[SQM]] China: Ctrip.com International, Ltd. (ADR) [[CTRP]] China: Mindray Medical International Limited [[MR]] China: Shanda Interactive Entertainment Ltd ADR [[SNDA]] Colombia: Bancolombia S.A. (ADR) [[CIB]] Canada: Yamana Gold Inc. (USA) [[AUY]] Canada: Teck Cominco Limited (USA) [[TCK]] Denmark: Novo Nordisk A/S (ADR) [[NVO]] Finland: Nokia Corporation (ADR) [[NOK]] France: France Telecom SA (ADR) [[FTE]] France: CGG Veritas (ADR) [[CGV]] Germany: Aixtron AG (ADR) [[AIXG]] Germany: Siemens AG (ADR) [[SI]] Greece: National Bank of Greece (ADR) [[NBG]] Hong Kong: China Mobile Ltd. (ADR) [[CHL]] Ireland: ICON plc (ADR) [[ICLR]] India: ICICI Bank Limited (ADR) [[IBN]] India: Tata Motors Limited (ADR) [[TTM]] India: [[INFY]] Israel: Teva Pharmaceutical Industries Ltd (ADR) [[TEVA]] Italy: Eni S.p.A. (ADR) [[E]] Japan: NTT DoCoMo, Inc. (ADR) [[DCM]] Korea: POSCO (ADR) [[PKX]] Korea: LG Display Co Ltd. (ADR) [[LPL]] Mexico: Homex Development Corp. (ADR) [[HXM]] Mexico: Fomento Economico Mexicano SAB (ADR) [[FMX]] Netherlands: Core Laboratories N.V. [[CLB]] Russia: Vimpel-Communications (ADR) [[VIP]] Russia: Mechel OAO (ADR) [[MTL]] Spain: Telefonica S.A. (ADR) [[TEF]] Sweden: Autoliv Inc. [[ALV]] Taiwan: Advanced Semiconductor Engineering (ADR) [[ASX]] Turkey: Turkcell Iletisim Hizmetleri A.S. (ADR) [[TKC]] UK: BP plc (ADR) [[BP]] UK: [[CGA]] UK: [[TRIN]]

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Time For Some Egregious Robot Action

Okay, no more playing around. It’s time for the robots at Goldman Sachs to “mushroom cloud” the bears inside of their short positions aka “homo boxes.” The underpinnings are present for a huge rally, all thanks and praise to the Goldman algorithm, of course.

Based upon a random hunch, with a little wishcasting mixed in, I’d say Tesoro Corporation [[TSO]] has a better than average chance of hitting $15, before the end of September. Additionally, I think it’s fair to say, all of my positions are undervalued, most notably Starent Networks Corp. [[STAR]] , Sonus Networks, Inc. [[SONS]] , Flotek Industries, Inc. [[FTK]] , TerreStar Corporation [[TSTR]] , General Cable Corporation [[BGC]] , Sunstone Hotel Investors, Inc [[SHO]] , Complete Production Services, Inc. [[CPX]] , TeleCommunication Systems, Inc. [[TSYS]] and TEKELEC [[TKLC]] .

Since yesterday, gold has been the #1 ranked sector in The PPT. And, today, we have a break-out, in a variety of gold stocks, including Rubicon Minerals Corp. (USA) [[RBY]] , Compania de Minas Buenaventura SA (ADR) [[BVN]] , IAMGOLD Corporation (USA) [[IAG]] , Royal Gold, Inc. [[RGLD]] , just to name a few. So you know, Northgate Minerals Corporation (USA) [[NXG]] is the #1 ranked gold stock and #2 overall, in The PPT.

With my money, on a fast paced Friday afternoon, I am thinking about buying some Corning Incorporated [[GLW]] back, buying the dip on [[ENTR]] and initiating a position in [[RAX]] .

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Recessions Are Boring

No one wants a boring economy. While some of you coffin stuffers jerk off to the unemployment line, Ben Bernanke is “slap-chopping” the economy back into shape. Forget about your regular run of the mill economy, sans the pickle and ham. With the new “slap-chop” economy, we are readying to “enjoy” the splendour [sic] of run-away, “burn your fucking house down for heat” variety of inflation.

Think about it.

Once world growth returns, spearheaded by the sweat-shop masters in the East, oil is going to pop your head off. For fucks sake, oil is $70 now, while the economy sucks dick. Once it quits being a homo, oil is going to rocket to $200+, sending your bullshit car to the parking spot, permanently. Keep in mind, despite $70 crude, the land based exploration market is dead. Rigs are stacked to the moon, much to the annoyance of asshole companies like Flotek Industries, Inc. [[FTK]] . It is a subject worth discussing, over several bottles of high grade Scotch: why the fuck is the land based exploration market sucking so much dick?

Look, the market is supposed to retrace and you are expected to give back gains, following an epic run. My bet, the economy will continue to improve—into the holiday season, thus sending all of the new short sellers into foreclosure proceedings by mid 2010.

Into this weakness, my top picks will be: Starent Networks Corp. [[STAR]] , Sonus Networks, Inc. [[SONS]] , Tesoro Corporation [[TSO]] and Corning Incorporated [[GLW]] (thinking of buying it back tomorrow).

UPDATE: Danny does video.

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