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
20,692 Blog Posts

Fly Buy: BWLD

I bought 1,000 BWLD @ $28.40.

Disclaimer: If you buy BWLD because of this post, this months natural gas bill we exceed $1,000. And, you may lose money.

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Fly Buys: VMI, RS, MVIS

I bought 500 VMI @ $84.50, 1,000 RS @ $53.15 and 2,000 MVIS @ $ 4.05.

Disclaimer: If you buy any of the above stock because of this post, your oven will explode. And, you may lose money.

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Buying Stocks Because It’s Fun

Naturally, writing a headline like this is somehwhat fucktarded, for the average Joe.

But, the average Joe doesn’t have the “luxury” of a plutonium powered time machine, while Fly does.

See, all of you shit talkers come here pointing at RIMM, declaring: “Ooh, ooh RIMM is down. Did you see it? RIMM is down.”

You’re a fucking homo (no offense to gay guys of course). Quit getting all excited over stupid shit, like the worlds top performing stock trading down for a few sessions.

10 bucks says RIMM cuts your balls off by Christmas.

See, you’re a pussy, unwilling to take that bet, afraid of being “de-balled.”

Look you, I have important shit to attend to. There is no recession in “The Fly’s” house. No way, ask Mrs Fly.

Whether the economy sucks or has luck, the “household of Fly” constantly has the fountains of champagne overflowing, while its inhabitants eat from golden plates.

True story.

Regarding the market:

Santa Claus is going to drop atom bombs on these bears. If you’re still short, grab some longs “just in case.”

Trust me, I’m smarter than you, with an IQ of 155 to prove it.

Finally, with my cash reserves, I will buy RS, VMI and MVIS, because it is fun. Plus, it will make me money.

And, this ACF looks rather cheap, considering where it was—just a few short days ago.

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The Consumer is UnDead

Much to the chagrin of doomsday bearshitters, the U.S. consumer is still finding ways to spend. Perhaps they are selling their 28 inch rims or blinged out gold teeth, in order to finance new bullshit tv’s from COST or jogging suits from M.

The recent numbers out of the retailers are more than encouraging. It’s “non-recessionary,” while definitely “unfun” for those who sell stocks.

Here is a short list of today’s retail movers:

AnnTaylor reports November same store sales +3.9% vs +1.8% Briefing.com consensus (31.66

Aeropostale reports November same store sales +6.6% vs +4.5% Briefing.com consensus (24.60 )

BJ’s Wholesale Nov same store sales +7.7% vs +4.4% Briefing.com consensus

Macy’s reports Nov same store sales +13.4% v +7.5% Briefing.com consensus

Sharper Image reports Nov comparable sales of -8.0% vs -10.8% Briefing.com consensus

Gap Inc Nov same store sales FLAT vs -4.6% Briefing.com consensus

Kohl’s Nov same store sales +10.2% vs +5.6% Briefing.com consensus

Ross Stores reports Nov comparable sales +3.0% vs +2.8% Briefing.com consensus

Saks Nov same store sales +25.7% vs +12.5% Briefing.com consensus

Target reports November same store sales +10.8% vs +10.8% Briefing.com consensus

Abercrombie Nov same store sales increase 2%, Briefing.com consensus +1.3%

Dillard’s reports November same store sales +1% vs -0.7% Briefing.com consensus

Wal-Mart Nov same store sales +1.5% vs +1.2% Briefing.com consensus

Gottschalks reports Nov same store sales +0.4% vs -1.5% Briefing.com consenus

Nordstrom reports November same store sales +8.7% vs +3.9% Briefing.com consensus

Costco reports Nov. same store sales +9.0% vs +6.7% Briefing.com consensus

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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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