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
23,428 Blog Posts

GRETZKY HOUSE RALLY!!!

“The Fly” is triumphant. Let me say it once more: NEVER, and I mean NEVER, doubt my market hand again. You little shits come out of the woodworks, like small gremlins with toy pistols, whenever the market moves against me. I told you before, I will tell you again: “The Fly” wins all the time, even when he appears to be losing badly.

Let it be known, the glorious PPT has been printing fiat currency for its fortunate subscribers. People who listened, very quietly, to what Plutonium Petey— and his sidekick friends— had to say on iBC are now blessed with unearthly profits, almost as grande and prestigious as being an occupant inside of the famous, and distinguished, Gretzky House. Almost.

Over the course of this weekend, “The Fly” will spend time roaming his office, reminiscing over the weeks gains. In addition, he shall eat large quantities of mutton and guzzle down sweet ambrosia, housed in clay jugs.

My position is a winner. My gains today were “gicockulous”, spearheaded by massive NGAS purchases and a wildly successful PCX position.

CRE and the banks no longer lead the market. If you want to get in the market, and quit being a fucking loser, look to the commodity names for respite and oasis.

As for me, I shall continue to press the hot blade of death upon those who bet against me, with fierce virility. For those of you who followed my instructions, go eat a 2 1/2 inch thick rib eye—heavily salted, lightly peppered— in my honor. For the rest of you garbage eaters, fuck off.

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Fly Sell: PCX

I sold out of my entire position, around $7.80, for a 40% 1 week gain.

Indeud.

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Fly Buy: NGAS

I bought 10,000 [[NGAS]] @ $2.10.

Fair Warning: An oldy and an assholes stock.

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Fly Buy: SD

I bought 25,000 [[SD]] @ $8.85ish.

Disclaimer:
If you buy SD because of this post, the government will force you to buy a shiny new Fiat. And, you may lose money.

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Inflation is Showing Promise

Oil and other commodities are upticking hard here, while Treasuries are tasting hot metal. Without a doubt, investors are starting off the month of May, leaning heavily in the “welcome to the new Weimar republic” camp.

With this in mind, I find little motivation to sell out of my burgeoning PCX position, which is bursting at the seems. In addition, I will not sell out of WRES or ERX either. As a matter of fact, I will take some of my reserves, in order to add to depressed commodity related names.

As for my other holdings: for now, I will leave them intact, while I search out new commodity related investments.

NOTE: TBT is looking might fine now, if I might say so myself.

UPDATE: I sold 20% of my CDNS position and all of my CECO.

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Italian Cars Suck

Fucking Fiat is going to save Chrysler? Please. Those fucking meatballs couldn’t save walking pigs, dressed in tuxedo suits, from jumping off skyscrapers. How the fuck are those toy car makers, most readily found in the narrow streets of Turkey, Egypt and ancient Rome, going to appeal to Americans, who like driving tanks to work?

President Obama: you Sir, are an asshat.

Aside from that, I’m digging on this Swine Flu outbreak. It really makes me believe in conspiracy theories, with regards to distracting the American idiot from the larger picture, such as: fucking wholesale fleecing of you bitches fine gentlemen for all of your coin.

Let it be known, my tax attorney is very good.

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Do Not Fear the Inevitable

The winds of recovery are behind the sails of the market, despite absurd GDP statistics. The days of lock limit down S&P futures are gone, at least for now.

Should we sell off into the close, I accept the loss as a mere way station to the path of gloriously greedy profits. We are stuck in the amber of range bound thinking, where investors on both ends of the spectrum are tentative about pressing their respective bets.

With my money, I am on strike, not selling, nor buying. I have my positions, along with a 10% cash reserve, and will now lie in the bed that I created.

The market is not about being right on every trade. In my case, I am not investing; but instead, I am creating art. The things that I am doing are all sponsored and approved by the Grand Recursive Order of the Knights of the Lambda Calculus, along with support from all of the stock Gods.

Any present or future market losses shall be viewed upon as generous handicaps, for your favor, in order to give ample opportunity to play catch up.

In all seriousness, considering all of God awful horrendous news, such as a WORLDWIDE PANDEMIC, CHRYSLER BK and GOVERNMENT SPONSORED FRAUD, I believe the market is taking the news flow in stride.

Bottom line: Long and strong.

NOTE: I have shit to do. Therefore, this is my final market hours post.

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