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

Fly Buy: SHO

I bought 40,000 Sunstone Hotel Investors, Inc [[SHO]] in the low $6.20’s.

Disclaimer: If you buy SHO because of this post, your vasectomy will go terribly wrong. And, you may lose money.

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Bears Raped by Insolvent Banks

The biggest turds, in all the world, are running with their socks off today. Names like American International Group, Inc. [[AIG]] , Citigroup Inc. [[C]] and Fannie Mae [[FNM]] make me sick; but some people think there is “value” trapped inside of those criminal organizations. Believe you me, I would like to see the market rally, just like a coked out Kudlow. But, those motherfuckers should be bankrupt. I mean, AIG lost about 200 billion, over the last year right? ROFL. Fuck me running sideways.

“The Fly” is really not much fun for you internet leeches these days, especially since my trading activities have slowed with the summer malaise. Don’t worry, soon enough, I will be back to throwing old men into garbage trucks, while exclaiming “touchdown” in a very mentally disturbed manner.

The good folks from CNBC are perplexed by the market, in general. They look at the tape and just sort of scratch their brains, hoping for a clue.

I suspect, over the next hour or two, I will buy a few names, in an effort to spend my cash. I have so much cash on the sidelines, I should be on CNBC talking about it.

So, in summary, trading poolside is always a good idea, especially when you have money. If you, for some odd reason, find yourself without money, then you might want to focus on your job. Words to live by and kill for!

Talk to you fuckers later.

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Let Me Know When You are Scared

Speaking of scared, thank God I do not own a lot of Sterling Financial Corporation [[STSA]] , otherwise today’s death plunge might have ruined my jolly mood. In short, the company is deferring interest payments on some junior subordinated notes. They are not breaking any covenants; but they certainly do suck. For that, investors are bailing, rightfully so. I will hold my position of 30k for another day or two, selling out after a bounce.

As for my biggest intra-day winner, I love the action in ANADIGICS, Inc. [[ANAD]] and may consider adding to my position here. It’s part of my whole 4g/smartphone thesis play.

The general market trend, without a doubt, is up. Do yourself a favor pal, have a lucid moment and get the fuck out of the FAZmobile. If today’s rally sticks, bet your bullshit dollars on a “rip your face off” melt up tomorrow.

Top picks: Tesoro Corporation [[TSO]] , ANADIGICS, Inc. [[ANAD]]

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Note to CNBC: Shut the Fuck Up

All day long, you little fuckers are asking stupid questions, like “shouldn’t we pull back from here”? Or, my favorite: “the market has to pull back, doesn’t it”?

Quit asking leading questions— you sniveling trollops. I am sick and tired of the sub-premium commentary, coming from the coked out anchors on that God forsaken channel. If only there was a viable alternative, I’d throw money at it, in order to unseat and undermine the low-iq’ers on channel 15.

Into the bell, I sold out of the balance of my Huntington Bancshares Incorporated [[HBAN]] positions, since I am sick and tired of waiting for the bastard to run. And, I bought another 20,000 Tesoro Corporation [[TSO]] , around $13.16—with the sincere hopes, deep in my heart, that some maniacal hurricane will make its way to “oil rig alley,” effectively “fucking up” U.S. crude and natural gas production BEYOND REPAIR.

With that in mind, I bid you farewell.

NOTE
: I will post my positions tonight, an update of sorts.

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Summer Bullshit

Pardon my lack of gun slinging, as of late. Instead of putting my balls on the kitchen table, while cutting carrots, I’ve been busy with “summer bullshit.” At the moment, work has taken a backseat to late night fiestas and mid-day siestas. I’ll have you know, “The Fly” has big dicked year to date gains and has no desire to press the envelope here, especially during the rookie month of August, where most trading turrets are manned by abject imbeciles, straight out of college.

Nonetheless, I have taken it upon myself to carry the burden of risk, despite not needing to. Earlier today, Senor Tropicana bought 20,000 Tesoro Corporation [[TSO]] —mainly for shits and giggles. As a side note, should the tropical storm game get jiggy with coastal U.S., crack spreads will explode—effectively sending beaten down refinery stocks through the roof. My favorite refinery plays are TSO, Valero Energy Corporation [[VLO]] and Holly Corporation [[HOC]] . The big dice-rolls are Delek US Holdings, Inc. [[DK]] , Western Refining, Inc. [[WNR]] and Alon USA Energy, Inc. [[ALJ]] .

So, in summary, I am trading light, with a 100% bullish bias—currently focusing on a suckers bet aka “hurricane plays.”

Oh boy.

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ATTENTION BEARSHITTERS: Prepare For Elysium

You don’t really know what’s going on; but you pretend that you do on the internets. Does that make any sense to you? See, to me, you are all just a bunch of ham and eggers, throwing chocolate egg creams at one another. You are persistent in your fucktardedness; I’ll give you that. However, always remember, better men than you tried betting against “Le Fly;” look where it got them.

Exactly.

With my money, I am officially in “Hurricane Mode.” I will be adding to my Tesoro Corporation [[TSO]] , Complete Production Services, Inc. [[CPX]] and Hercules Offshore, Inc. [[HERO]] holdings, while initiating new positions in a variety of names. For the love of greasy hamburgers, Flotek Industries, Inc. [[FTK]] might make a run here too! On second thought, let’s not talk about FTK, it’s too painful.

In summary, the market is going higher and you got caught flat footed, yet again. I will be reducing my large cash position, down to about 30%, with the sincere hopes of sending several million bearshitters to their makers (not real death. Instead, like some sort of financial God that informs you of pending bankruptcy, or some shit).

Good Day to You

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Just Admit It: You Suck

It perplexes me a great deal to read other third rate bloggers bitching about the fame of others. Case in point, there is an ingrate out there, who enjoys the traffic love of iBC via an occasional Woodshedder link, who is talking shit. Now, instead of addressing his babble directly, I would like to offer a different point of view: Who fucking cares?

Seriously, no one gives a fuck and gay goat about your blog, market opinions or moral compass. In the blogosphere, you are either relevant or some retard trying to tie two sticks together. You my friend are a baboon playing with sticks.

In summary, unlike you (pathetic trollop), “The Fly” does not need to link to you, since I am in no need of your pathetic traffic. Take my fucking name out of your mouth and go about your business, boy.

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Scared Yet?

I will make this short and direct: if I was heavily short stocks here, I’d be fearful of obscene last minute buyers, stepping in here, trying to avoid being stranded on the sidelines. This market has demonstrated, over and over again, it does not want to go lower. Hence, why fight it?

Tomorrow I will allocate some serious coin long. In the meantime, keep an eye out for a late night post, on PPT, outlining my new hurricane watchlist.

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