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
20,626 Blog Posts

Bears Get Their Hat Eaten

It was brutal. The bears got blindsided, mainly due to a non-recessionary ADP jobs report.

If you’re a bull, this is where you want to milk the bears.

Seasonality is against them and stocks are significantly discounted.

Basically, we have a two week window to annihilate the bears, before they get their fat faces out of their fucking caves.

However, in early January, I anticipate MVIS will “catapult” higher, on the back of the newest Picop device— effectively banking even more coin for “The Fly.”

All day, chip stocks went gang busters. However, other than INTC, I hate the sector. There is too much competition and the margins are being squeezed.

Some oversold internet stocks, which typically outperform this time of year, did quite well. Keep an eye on SFLY, MNST, OSTK and REDF for a bouncy bounce.

Finally, I’m sticking with my fledging ACF position. After further analysis, I sense a short squeeze is looming. With regards to short squeezes, HANS, NTRI and CORS are pressing the “hot blade of death” on the bears’ necks too.

NOTE: DNA looks oversold here.

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Fly Buy: RIMM

I bought 1,000 RIMM @ $100.85.

Disclaimer: If you buy RIMM because of this post, the Dolphins will never win another football game. And, you may lose money.

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Not Shorting Here

Even though the “ecomedy” looks like a shit sickle, I’m not selling here.

Instead, I want to press my bets here, adding to VMI, MVIS and LFT. That’s right, I’m trying my hand at Chinese lotto, again.

LFT looks ripe for $30 (I’m aware the previous sentence is incoherent).

Finally, as you know, I’m fucking busy right now, trying to “bank a little coin,” prior to Christmas.

I have grand plans and an over zealous appetite for “holiday risk.”

NOTE: INTC looks “gangster good” here.

Developing…

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Lotto Time

If “The Fly” has taught you anything, aside from “getting your share” or “milking the farmer,” it is to “play Chinese lotto.”

Playing Chinese lotto is far more profitable than American lotto.

Unfortunately, as you know, I tried my hand at the Chinese lotto game and lost badly, via XFML.

However, that does not mean you will not “win.”

Today’s Chinese lotto winners are:

CHNR, CPSL, CBAK, KUN, ORS, CLWT, EFUT, CNTF, PWRD, NINE, JRJC, TBV, GSI, FFHL, XFML, JADE, CDS, XING, ADY and QXM.

Thank you for playing!

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KILL THE BEAR

[youtube:http://www.youtube.com/watch?v=PTrNjngQoi8 450 300]

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This Rally is Made From Play Doh

MBI is entirely screwed.

This is a nice rally, but I get the sense the credit crisis is about to accelerate.

Right now, MBI, ABK and ETFC appear to be racing to zero, albeit ETFC is in the lead; but MBI is catching up fast.

If you happen to be long any financial stock, it might be a good idea to swap it for tech or ag.

As you know, “The Fly” placed a large bet on VMI. Thus far, it’s working, up almost 4 bucks.

MVIS has to work here. The whole “MVIS to the moon dream” of mine cannot end with a whimper. Once again, my “sources” tell me they (MVIS) will “blow the fucking doors off of CES.”

As always, we’ll see.

Finally, with any available funds, I intend to buy MVIS, VMI, HANS, FMCN and CLX.

In short, this rally is very suspect. Don’t get suckered into semi’s or financials, yet.

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