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
21,146 Blog Posts

LEH is Made From Shit

Developing…

SEC NOTE: Egregious posts like this are not my doing. Vincenzo “the meatball thrower” is making me do it.

NOTE II: I am not covering.

UPDATE: On a side note, God bless oil and the people who make it go higher.

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Fly Buys: VSE, QTWW, AOG, END, BDCO, LEI and FTK

I bought 2,000 shares of each (VSE @ $6.92, QTWW @ $2.40, AOG @ $.77, END @ $1.76, BDCO @ $2.00, 2,000 LEI @ $5.17 and FTK @ $19.80) of the above names, mainly for fun.

UPDATE: I bought 2,000 FTK @ $20.

Disclaimer: If you buy the above stocks because of this post, the next time you drink milk, it will be sour. And, you may lose money.

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Dice Time

It’s garbage time.

“The Fly” is ever so busy, scouring the market for low-grade energy plays. I’m sure the market will eventually collapse; but for now, I feel like trying my hand at some oil gambling.

Real quick, my watchlist includes:

TMY, END, BDCO, GGR, SYNM, USEG, URZ, AEZ, TRGL, BMD, JDO, BCON, MPET, QTWW, GSX, BQI, SSN, TGC, EGR, AOG, LEI, BPG, HKN, PDRT, EPM and PRC.

When shoveling through shit, you want to look for the stocks that are spiking with volume. That’s the key. The stock must trade 10x normal trading, in order to make it worthwhile—for a trade.

Back to the real world, FTK is working for me, like an indentured slave fetching lemonade on a hot day. In addition, recent positions in PCZ and AUY provide further proof of “The Fly’s” greatness and asset to the financial community.

In closing, I do not feel like adding to my short positions. If you insist, take a gander at SRS. For now, “The Fly” will gamble a little in oil, while throwing eggs out of his office window—striking the piker brokers smoking cigarettes and drinking coffee down below.

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Cajun Wins, Yet Again

What the fuck? SOLF is sprinting higher on egregiously good earnings.

Someone give that man (Cajun) a box of chocolates or a basket of heart shaped grenades.

Nicely done.

UPDATE: If you notice, the market data and embedded quotes have vanished from the site. Apparently, our IT guy, Jeremy, is on vacation in Jamaica. In his place is the backup guy, Vincenzo. In an amazing twist of events, Vincenzo spilled an entire bowl of meatballs and “gravy” all over the iBC servers, effectively throwing the site into flux.

Fuck you, Vincenzo, fuck you.

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“The Fly” Wins Again

Another big day for “The Fly” aka “Senor Tropicana,” up another 3%—spearheaded by the retards who invest in financial and Chinese stocks.

Late in the day, the ethanol racket fell apart, due to some profit taking. Not a big deal. In my opinion, they’re to be bought on dips.

I’m very busy right now. Hence, I do not have the time, nor the inclination, to guide you miserable midgets—at the present.

However, i will tell you, being long energy and short financials is a grande [sic] scheme. And, being long gold, via [[AUY]] and [[DGP]], will bless your children with a much larger inheritance, once you finally die.

In closing, I am short term bearish on the markets, with a bullish appetite for low quality energy stocks.

Be well, or not.

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THE PANIC OF 2008

Oh boy are the bulls a nervous group of loosers [sic]. Just yesterday, we were heading to 15,000. Fast forward one day, we are now setting up to retest the March lows. However, if we are to retest the March lows, shouldn’t that already be “priced in,” effectively allowing the bulls to shit down the decapitated necks of the bears?

I must admit, “The Fly” would love to see this market trade down to, oh, let’s see, 9,000 Dow. I can’t stand the market, with its constant “pricing in” mechanisms.

Regarding shorts, I like [[LEH]] and [[MER]] here. If you’re lazy and want a broad basket, go with [[SKF]].

In short, it appears the reality of run away inflation and a fucked consumer is finally hitting home, leading to knifing equities. At the moment, I am short financials, China and long energy— to sum things up.

As a reminder, my energy positions include: [[ARD]], [[NOV]], [[RIG]], [[FTK]], [[VSE]], [[BIOF]], [[AVR]], [[PCZ]] and [[CLNE]].

Don’t forget, the dollar is being “prison raped” today. Getting long gold, in a big way, is a fucked up way to invest; but it may lead to obscene profits—in the near term.

Top pick: FTK

UPDATE: Corn is weakening, late in the day. Should that fucker reverse, you want to get long ethanol producers in size.

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Gone Fishing in a Cesspool

Once again, the crappiest stocks known to man are running. They are sprinting, if I may be so bold.

Thus far, I’ve bought a few turds, namely [[BIOF]], [[AVR]], [[VSE]] and [[FNSR]]. However, my watch list is far more extensive. Quite honestly, it is appallingly iniquitous.

[[CKX]], [[MXC]], [[FPP]], [[QTWW]], [[TMY]], [[LNG]], [[EWST]], [[BDCO]], [[IVAN]], [[ENA]], [[ROYL]] and [[CNR]].

While you’re at it, keep a close watch on: [[MPET]], [[FUEL]], [[DNE]], [[END]], [[GGR]], [[AEZ]], [[BMD]], [[URZ]], [[JDO]], [[BCON]], [[OMNI]] and [[GSX]].

If you notice, I only selected energy related turd, thinking speculative “dice rolling money” may find its way to the lowest grade energy stock, with oil near $130.

The bigger picture is much lower equity prices, as a whole, in the near term. So, any gambling done on your behalf should be executed with extreme caution and in very small numbers.

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