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

Long The House of Glass

You want a big cap name, sick of my small crap dice rolls?

Look no further than [[GLW]].

All you need to know: there is a shortage of glass substrates, most commonly used in LCD screens. Apparently, demand for LCD’s is so ridiculous, so absurd, prices are going higher. The #1 maker of the LCD glass, GLW, will enjoy better-than-expected margins. Write that down.

In addition, the largest contract manufacturer of LCD’s, [[AUO]], will enjoy margin expansion too.

As for my small crappers:

I’m feeling RFMD and ENTR right here, right now. RFMD is a straight up chips in handsets play. But ENTR is special. If they execute their business plan flawlessly, the stock will be multiples higher than where it trades today. Their technology is the next evolutionary step in the development of the digital set top box. So you know, they are presenting at a JMP Securities conference today. Listen to the webcast here.

Also, I am a big fan of oil here. The set up is pretty insane and I think the small cap oils are readying to BTFO. Within the space, I like ERX, FTK, SU and maybe a little WRES.

Finally, should STAR continue to dip, I want to get long the name, especially since they own the CDMA core router market. And, by the way, CUZ,, ATHR, NGD and TWI are noteworthy too.

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Dilutive, Heart Wrenching, Secondaries Are Bullish for Stocks

BAC is raising 13 fucking billion dollars. Do you know the balls it takes to do that kind of secondary, at these depressed levels? You need to stop looking at these capital raises, as you might have two years ago. The fact that they are able to raise PRIVATE CAPITAL speaks volumes.

The capital raises are saving the franchises.

The banks are taking their medicine and will be rewarded for it later. Personally, I have no interest in playing the banks, out of pure principal. But, I do not suggest being short.

In the event the economy turns the worm for the better this summer, your short only book will resemble the impact center of Nagasaki, circa 1945.

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Perfect

The market piped down into the bell, as big nosed sellers jumped into hot tar pits covered with corn flakes. Following yesterday’s gap up, today’s action is the preferred follow through, with the weak selling off and strong powering forward.

Do yourself a favor, take the fucking banks/cre off your screen. They’ve been neutered and are no longer necessary investment vehicles. The government has their mitts in the pudding. They will not give the shorts much of a runway.

In my opinion, it makes more sense to focus on sectors that are growing, like LED’s, chip packaging companies, semiconductor equipment manufacturers, 4g network plays, etc.

As you already know, Ragin’ Cajun and The Chart Addict have been knocking the cover off of steel balls with their picks. RC nailed THQI this morning, for non-ingrates, on The PPT. I just wanted to rub that in.

Gentlemen, summer is just around the corner. Quit being a loser, man up, and get involved with some long side trades, else find yourself inside of a pineapple coffin, ever so prematurely.

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You Lose Again

I see what you are doing, over there in your bullshit pleather chair. You are trying to time the market again, aren’t you? With all of your so called splendor and pizazz, you are going to buy SRS or FAZ at the very lows of the day and sell it a great deal higher, while slipping all over your office like Jerry Lewis in a B movie. After all, the fucking banks are murderous treason operators, with horns in their pockets and fish in their briefcases.

All good news is to be ignored, indefinitely, until your pathetic 5 figure account is wiped out. You will look back on days like today and say “Gee, maybe I should have listened to that space alien magician from the internets.” Instead, your tweets are as helpful as flaming barrels of garbage, poolside in Bermuda.

With my money, I am buying up shares of ENTR. They make chips that go inside your set top box, enabling you to network all household boxes. In other words, if you record a movie downstairs, using their box, you can watch that movie upstairs or in any other box linked into their “MOCA” goodness. They have good analyst coverage and abundant cash ($30mill). Their customers include VZ, DirecTV, Time Warner and COX. Both Time Warner and COX are new customers, which should help contribute to a sharp revenue ramp in late ’09, early ’10.

In short, ENTR could triple from present values, providing they can keep BRCM off their ass.

In addition, I am waiting to buy more IR and GLW. And, with KLIC ripping here, thanks to Godly guidance, I am itching to buy AMKR or VRGY.

Bottom line: you think too much. Moreover, that is especially detrimental to your financial future since you are a fucking bumbling idiot.

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Salt and Sand

I don’t feel like blogging today. I’d much rather sit here, chuckling at you stupid bastards, as if I was watching a Looney Tunes cartoon. Go ahead, leave a few comments on my “blog” explaining why FAZ is such a great fucking buy here. I guess you did not get the memo: FAZ ISN’T RELEVANT ANYMORE.

Fucking FAZtards.

DOWN AT THESE LEVELS, with great gumption and conviction, THE BANKS ARE GOOD SHORTS, you declare. You must admit, it’s funnier than a loose hand grenade inside a silly factory filled with insurance salesmen.

For those of you who choose to bet against “The Fly” shall get fistfuls of salt and sand thrown in your face.

The stock Gods have blessed my market position a winner. All attempts to derail Plutonium Petey may lead to instant blindness and severe cardiac arrest.

With my money, I want to buy the semi food chain starters, specifically KLIC, SPil, AMKR, ASX, CDNS and TER. And, I will add to loser positions FTK, SFE and ATHR.

NOTE: OVTI is the best iPhone 3 play, in my opinion—a must own.

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Does it KLIC Yet?

Why is this so important?

KLIC Kulicke & Soffa increases 3Q rev guidance to $40-45 mln vs $34.85 mln dual analyst estimate (3.70 +0.34)

The co announces that the co has raised its revenue outlook for its fiscal third quarter ending June 27, 2009. The Company now expects net revenue for the third fiscal quarter to be in the range of $40 to $45 million, an increase from the previously forecasted range of $32 to $37 million. Scott Kulicke, Chairman and Chief Executive Officer, commented, “The increase in customer activity that we saw near the end of our second quarter of 2009 is continuing into our third quarter. Improvement is being seen across all areas of our business, particularly in expendable tools and ball bonders.” (stock is halted)

A riddle of sorts for you lazy gamers.

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S E R V E D!

Just shut up. I expect to see zero comments left on my blog today. I declare, there should be a moment of silence on iBankCoin today, in remembrance of the bears. If you have something to say, please, say nothing at all.

As you know, I was out all day, but was checking in every 15 seconds or so. Much to the ideologues chagrin, the market melted their faces off—like a snow cone on the sun. I took egregious profits in PL (44% win): thank you Uncle Gint. And, I initiated new positions in GLW, ERX and IR. I know a guy who knows a guy who says “IR is fucking smoking.” Synergies with Trane are going well and the company is on track to blow away numbers.

We shall see.

For the most part, small crappers took the day off, as all of the money homed in on the heads of bank/cre shorts. I enjoyed monstrous gains in TWi, CUZ, SD, OVTI and PL, while enjoying light wins in RFMD, DELL, BEE, GMO, ATHR, and ERX (new position).

In short, there are signs of recovery within the housing market. If this continues, you will see real estate investors step in hard, afraid to miss out on a potential bottom. In my opinion, you’re better off pouring gasoline over your head, just prior to lighting a cigar, instead of shorting this market—during rampant hopes of a housing recovery.

For the love of dirty mugs and unkempt office space, if housing starts to reflate, we’re going to 10,000 in short order.

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Fly Buys: IR, GLW

I bought 15,000 [[IR]] @ $21.64 and 10,000 [[GLW]] @ $14.

Disclaimer:
If you buy the above stocks because of this post, DEVILDOG will be elected Mayor of your city. And, you may lose money.

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