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
23,411 Blog Posts

Banana Run

Certain such said suckers are suggesting that I seek solace in selling stocks, in order to bank coin. When will you fuckers learn? “The Fly” does not need nor want advice from the likes of you. He bounces to his own bombs. He dances to your debacle.

I went long thrice times today, only on a personal basis, via PCR, NSM and BUCY. While it’s true, stocks cannot keep running like this forever. It’s also true, when companies like BBY and FDX break-the-fuck-out, the game changes.

The game has changed because Americans are degenerate credit card wielding fruitcakes. People are spending again, somehow. It’s important to take note of that.

From restaurants to retail stores, stocks are on fire.

On a very personal noteworthy note, I will be putting cash back to work, in a very slow, methodical manner. So you know, today’s bullish thesis may become tomorrow’s bearish dissertation, if that makes any sense to you.

Trade like the wind and pray to curry favour [sic] with the stock Gods.

UPDATE: The PPT Top 10—

1 OCN 4.12 4.40 4.24 12.47% -12.73%
2 LFT 4.37 3.90 4.17 10.32% 41.41%
3 TCK 3.41 5.10 4.13 2.74% 23.88%
4 CMO 3.37 4.95 4.05 -1.70% 16.57%
5 TIBX 3.62 4.60 4.04 7.16% 38.23%
6 JJSF 3.72 4.45 4.03 13.20% 26.73%
7 SPIL 3.22 5.10 4.03 10.71% 24.62%
8 TNDM 3.97 4.10 4.02 4.15% 18.71%
9 DNA 3.87 4.20 4.02 1.26% 11.63%
10 SUR 3.27 5.00 4.01 17.94% 11.63%

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Going Higher Because it’s Fun

So you know, I locked HORATIO CLAWHAMMER in a closet lined with lead, in order to have a little fun, playing the long side for a trade. As you know, I only bought two positions, PCR and NSM, mainly because I find it difficult to get knee deep here, AFTER missing out on the most awesomeness run in the history of equity markets.

And, also, I think stocks are for dipshits and shall/will trade lower, eventually.

However, providing the trannies keep going higher, I am comfortable with a few longs.

For the love of global warming a dead polar bears, I am about to get heavy into this market and need to feel out what might work or fuck me. So, in the meantime, you can just sit there, like the sad sack of shit that you are, and simply wait, mind you, for “The Fly” to offer cogent guidance.

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Getting Close

I’d like to buy some FAZ or SRS down here, but the wretched transports are up too much. I have assets available to trade, namely my own personal accounts and intend on expressing myself, via a buy or sell, later on today.

On one hand, commercial Re names, my favorite to hate, are sucking the tits of Mars, if there is such a thing. Some of my least beloved names, ACC, HME, WRI and MAC look like shit. However, simultaneously, stocks like FDX, HPQ and BNI give you -6%+ gdp lovers hope.

On the long side, stocks like MU, WNR, SUN or PCR look advantageous, for a trade.

In short, if you are thinking about shorting this market, hold your horses. In the meantime, behold the greatness of a -6%+ GDP revival!

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Enjoy the “Road to Hell”

While some take exception to the United States leveraging its GDP by 25% on asshole bailouts, most of you are gleefully skiing up slope to stock market utopia.

Remember back in the old days of three weeks ago, when the world was about to bust open and all banks were considered “retard boxes”? Those were the days; and how do I miss them.

Good Scott, in a matter of three weeks, everything has changed. Majestically, the economy has healed, led by robust phantom earnings at the banks and the prospects of hyper inflation. Indeed, we are building ourselves a fine foundation for sustainable growth. All praise and respect goes out to President Obama for constructing such a divine plan.

Now, we’ve been at this point, amidst the numerous bear market rallies of 2008, and you know what to do: take profits.

Listen to me now, thank me later: take profits.

I am not saying to load up on FAZ to SRS or one of my special “fuck you, you’re dead” REIT short ideas of decadence and debauchery.The prudent investor will size this rally up, give it a quick glance over, and sell it 10 ways till Sunday.

The time for rainbow colored hair and shrimp cocktail fights are over. You need to plan for the end of the world. As sure as I am sitting here, it is going to explode into small pieces and crash into the sun.

Trade accordingly.

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Nice Moves Government

I am glad to not be invested right now. Somehow, someway, the stocks Gods protect Senor Tropicana from certain death, on a regular basis. I am man enough to say, had I been invested today, I would have lost money. But I didn’t!

That must vex many or most of you.

I know, there are lots of opportunities abound and folks here are banking coin, at a criminal rate, crucifying the shorts.

Consider this run a head start, for you retard pig masters. While SKF depreciates at an absurd rate, my vantage point gets masterful.

I appreciate the work Ragin’ has put into iBC, as of late. When it comes to playing bull runs, no one is better than good ol’ RC. You should be reading him, especially when I am on ice.

Anyway, it’s good to see the majority of you making some coin here— long. It will even better to see most of you surrender such said gains to HORATIO CLAWHAMMER, within the next week.

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Word of Wisdom

I could not have worded it better myself.

[youtube:http://www.youtube.com/watch?v=TOcQhqrqdpI&feature=channel_page 450 300]

Also, check out the “Tampa agent” at 2:03. That is a man with class.

[youtube:http://www.youtube.com/watch?v=OvYIQOT_3Nk 450 300]

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