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

Bears Get the Horns

Keep buy SRS, you FAZtard. While you are busy, diligently erasing your childrens inheritance, “The Fly” will be adding digits to his mystical, yet substantive, brokerage accounts.

As predicted, commodities are off to the fucking races, rogue gorilla in a Zoo style. My bountiful ERX position (2nd largest holding) has been punching mustaches off all day long. My sense, that fucker spills into the 40’s soon, taking bear guts with it.

We are in a very simple market. The banks have been quarantined and the Government is interfering with the business cycle. There is so much ambiguity out there, investors are opting to go long, since it is too early to know if the recent rebound is legitimate or not. Plus, with oil racing higher, there is a distinct presence of reflation creeping back into investor psyche. This explains the rich prices in copper, gold, silver and food commodities.

In short, financial engineers need to allocate funds somewhere. For the moment, the economy is taking a backseat to liquidity pools, with regards to how they are allocated. There is proof that economic activity is rebounding, but from very low levels.

I will remain bullish until the Dow hits 10,000 or if new evidence suggests world wide end user demand is back in the shitter. Until then, I will continue to buy the dips, much to your chagrin.

Top Pick: GLW

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BEAR TRAP

Just shut-the-fuck-up-already. If I hear that any of you little trollops are talking shit again, on this here blog, I will track you down, like the dogs that you are, and have your eyebrows punched off.

Today’s treasury auction went well; are you happy? Look, this is the only game in town. How in the world do you suggest that foreign banks/governments will—all of a sudden— stop buying our debt? To do so would be equal to driving a car, made from dynamite, into the sun: we all know what happens when people do that. Geez.

I declare: Let yesterday’s decline be gone, and it shall be so.

I sense a squeeze. I want to get advantageous right here, buying up some of my favorite names, while they are down, including OVTI, GLW, ENTR and ATHR.

More on this later.

UPDATE
: I bought 2,000 ATHR 2 $16.10, 10,000 ENTR @ $2.25, 5,000 GLW @ $14.17 and 2,000 OVTI @ $10.22

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Back to Business

No more fucking around for me; it’s not a game anymore.

Into weakness, I will add to my GLW position. LCD sales are ripping and manufacturers are bitching about supplies. My guess, margins are improving for the world’s #1 maker of glass substrates.

Also, with inflation back on the radar, I am feeling better than ever about my FTK, WNR, SD and FSYS positions. If I was not fully invested in the sector, I’d buy more here.

For longer term oriented holdings, I will add to both IR and GME—today—fuckface.

For small cap fun, I like RFMD, SFE, CROX and SiFY.

Now go play with some marbles in the middle of a busy freeway.

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You Do the Math

196-173= 23 reasons to shut the fuck up.

UPDATE: Okay, I am finally able to sit down, chill the fuck out, and blog like the wind. There are too many bearshitters on this blog. You all need to pack up your fucking bags and head on over to lesser quality, conspiracy theory blogs. Or, you can just fuck around in the Peanut Gallery, reading the missives from Josh or other fucktards of this cloth.

Rates are supposed to go higher. Instead of thinking: “OMG, this is it. The USA is going out of business.” You should chuckle, in a dark oak paneled room, thinking “how can I profit from this?”

As the epic bubble in treasuries unwinds, effectively crushing the idiots who stayed in that trade, financial operators will bid up commodities. I do not need, nor seek, your approval. You are nothing to me, equal to bubble gum machines inside of grocery stores: readily ignored. Circle jerk all you want, but I am in this game to bank coin—not to run for public office—like some sort of misfitted assclown.

I want you to be honest with yourself, as I was honest with myself 8 weeks ago, after missing out on the second leg of the market bottom (I did indeed catch the bottom, fuckface, check my trades).

You are bearish in the sun and also in the shade. You are bearish drinking scotch and also lemonade. You are bearish all the time; for so many reasons, I cannot make them rhyme. It is the pinnacle of being a market rookie, when you get your face bit off, everyday— by a monster— as if it (your fucking face) was made from a big fat cookie.

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Your Apologies Will Be Accepted

“The Fly” enjoyed gratuitous gains today, thanks in large part to his “calculator brain” and “magic market” hand. It must be of great annoyance to many of you, who are short, watching Senor Tropicana knock the sheep skin off the damn sheep, daily. You must feel a sense of betrayal, as Plutonium Petey discards his hunched backed ursine friends, who dress themselves in burlap shirts and velcro pants, in exchange for flowing white robes and leather sandals.

Most of the time, you will not understand the encrypted messages left on this blog, mainly due to your poor reading skills and inadequate cognitive abilities. However, every once in awhile, “The Fly” lowers himself, by way of the “idiot elevator,” to your mental pecking order, with grave messages of looming disaster for those who bet against him.

Dear Friends and Enemies alike, the days of you betting against me are over. All who have resisted, via large short sales, now find their bullshit brokerage accounts in an egregious “negative equity” position or worse (not really possible).

In closing, with gains of more than 6% today, I shall offer mercy to all of you who besmirch me, whether it be a third rate blogger or some sort of internet fucktard, leaving inane messages on this here piece of living literature.

All apologies will be accepted and reviewed in the comments section. That is all.

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Fly Buys: SIFY, OVTI, RFMD, GLW

I bought 5,000 SIFY @ $2.02, 5,000 OVTI @ $10.29, 10,000 RFMD @ $2.46, 10,000 GLW @ $14.72.

Disclaimer: If you buy the above stocks because of this post, the next time you go for a walk, the Italian mafia will kidnap you. And, you may lose money.

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Speculation is Back

Despite rumors of the world ending, investors are cocking up to the table, buying large quantities of small cap dicerolls. To scoff at small cap speculation is equal to beating children because they do not have receding hairlines.

I’ve said it once and I will say it again: most of you are not qualified to invest money for yourselves or for the benefit of others. I’ve been spinning the wheel of fortune for awhile now and I will tell you, emphatically, there is nothing like nailing a melt up in the baby caps.

Just today, I initiated a position in ATML and added to SIFY. In addition to that, I am long FTK, RFMD, TWi, CUZ, SFE, OVTI, ATHR, GLW, iR, ENTR, FSYS, ERX and CROX.

Today’s biggest winners can be found at the roulette table. Names like TWB, MAPP, VRS, RVi, SMi, MNi, ZQK, APPA, JADE, CYTK, PWER, ZIXI and THLD, just to name a few.

In short, you don’t have to like the company or its fundamentals, in order to make a quick 100k in a trade.

Now get off of my blog; you make me sick.

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Fly Buy: SIFY

I bought 15,000 [[SIFY]] @ $2.04ish.

Disclaimer: If you buy SIFY because of this post, you will become afflicted with the same mental illness as Jeff Macke. And, you may lose money.

NOTE: RIP Fast Money. Without Ratigan and Macke, all that’s left is talking pony tails and hideously ugly side show acts, with a little TERRANOVA every so often. God willing, you are not into that sort of thing. In addition, I find it rather ironic that I am posting about Jeff Macke’s departure, while simultaneously announcing the purchase of a ridiculous stock.

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