Federal Reserve Stress Test Methods Revealed

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What do you care where I get my stock picks? Last I checked, CA, RC, Alpha , Jake and “The Fly” have been minting coin for you ingrates, at a criminal rate. The blog is all fun and games. However, when it comes to my fucking business, NEVER question my time machine and NEVER talk shit about my platinum market hand.

As for The PPT:

If you are not a subscriber, it makes no sense for me to explain its divine power. Today’s picks alone (CYNO, TWI, SPRD, MTSN, TVL, GMO, CUZ, AXL, HTGC etc) are proof enough that we—at iBC– are much smarter than you.

Let it be known, there is no greater braintrust of market wizardry, than the chosen few at iBankCoin. For those of you who opt to ignore such sage advice, well then, you shall find yourself in the cold.

For the day, I was up a lot.

Fuckers.

I bought 100,000 RFMD @ $2.50 and 10,000 GMO @ $1.74.

UPDATE: I bought 20,000 TWI @ $8.05ish.

So much for my “no more buying small caps” oath. I can’t help myself.

I bought 50,000 CUZ, north of $8.45 and 10,000 FTK @ $2.23.

UPDATE: I bought 2,000 ATHR 2 $16.07.

UPDATE: I bought another 10,000 FTK @ $2.30

Disclaimer: If you buy the above stocks because of this post, you will go bald. And, you may lose money.

I am in and out today, unable to really dig into the market. But, I am excited about the recent dip in the semis, which will provide me with an excellent opportunity to buy some good names, at a discount.

I like ATHR, TER, AMKR, TER, RFMD, AiXG, SPiL, ASX and CDNS.

Within the networkers, I like CIEN, ALU and ERiC.

Bottom line: iSuppli is projecting fab utilization rates to climb north of 75% by Q3, up from 60%. If that’s the case, all companies that provide services to the foundries will do well. It’s only a matter of time before these stocks are bought, in size, by hungry money managers, in search of real growth. The banks and the oils will not lead the market higher, tech will

Wake up, you’re dead! Just kidding (ha, hilarious).

No serious, buddy, you’re gonna get clown stomped today being short.

I will be away this morning, attending to personal business. In the meantime, feel free to visit THE HOUSE OF THE DINOSAUR TRADER, as he is retiring from the world of blogging. My guess, DT is quitting the art of blogging so that he could focus on his true passion: bird watching.

As for the markets: Well, it’s sort of a repeat. You know, “fuck you bears, you’re dead” type of action. So you know, I have one or two stocks on my “to buy list,” which shall be executed by my trader/servant—later on this morning.

Ciao (I say “ciao” because it is viewed by many as a term of assholery, a condescending send-off to an unworthy audience).

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True philosophy.

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Amidst woeful trading action, “The Fly” staggered into the bell, losing a whole 2% of his holdings. It’s a regular MANSON MURDER at THE HOUSE OF FLY TODAY. Unlike many of you burlap shirt wearing goat fuckers, I don’t keep all of my coin in one stock—much to your chagrin. In addition, most of this morning’s sales were done in the green, prior to the bottom dropping out of tech ([[SONS]], [[ARUN]], etc).

I must admit, it was tempting to go long some health care names today, such as [[CI]], [[ENZN]] and [[BiiB]]. But, I made an oath, on Jupiter’s stone, to take the day off, in order to eat sandwiches and/or throw unsuspecting old men down idle manholes.

My take on the market is that we rally on the end of the Government “stress tests.” Look, the people want to buy the stocks (Italian accent). Do not get in the way of the people who are buying the stocks, you corn on the cocks (accent off).

Tonight’s homework will be to build two lists.

1. Stocks that should be bought on dips.

2. Stocks that should be bought on strength.

Frankly, I am sick and tired of the market already, partly thanks to lack of REM sleep. All “The Fly” does is work, work, work, with very little time to unwind and just punch people in the chest. I am bored.

Okay, I am done for the day and you will be lucky to hear from me again (today), barring some sort of hysterical news.