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
20,691 Blog Posts

Asia Not Celebrating Thanksgiving This Week; Shares Down in Early Trading

Obviously, this week, if they had some holiday, where everyone stuffed their fat faces, I’m sure shares would be running right now. Running mind you.

However, since this is not the case, stocks are somewhat moribund in Asia–early on

Try to outsmart the market and get your lips punched loose.

More on this later.

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More Good News for Bloggers

“The Fly” has decided to spare you (third tier bloggers).

UPDATE: In an effort to be “kind” to ordinary internet folk, “The Fly” will be “rewarding” blogs that enrich him with traffic, via posting “Top Referrers” on the main page.

Every month, I will post, on the bottom left of the main page, the top 5 referrers to iBankCoin.com.

Yes, it’s true: Fly Wins Again.

Back to my “low-end” space plane.

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Note to Bears: Fuck-a-You

They’re stupid and old.

Don’t fuck with “The Fly,” as you know. He’ll have your eyebrows punched off and your fucktarded, low-end, blog eliminated.

Thanks to my time machine, I was able to leg into quality stocks, without getting my balls set aflame.

Recently “re-upped” positions, RIMM, VMW, VMI and BWLD did well today, while LFT, XFML and HANS ate pavement.

Now, I’m not guessing here, since I have vast experience successfully beating the chest hairs off bearshitters, when I say: we’re gonna have a turkey day rally.

Bank on it, fuckers.

If you are short stock, cover now, else I’ll be eating your stuffing.

Late in the day, I was tempted to put some money to work in MER and CFC. However, the voices in my head told me to go eat a marshmallow, instead.

Just so you know, “The Fly” is not obese, in any manner.

In closing, it feels good to “bank a little coin.” As always, it will go to my head, enabling me to tell my fucking neighbors: “fuck you, my car is better than yours,” prior to peeling off.

Much to their chagrin.

NOTE: It appears there is some institutional interest in MVIS.

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Fly Buy: VMW, FTK

I bought 1,000 FTK @ $ 33.30 and 500 VMW @ $ 84.80.

Disclaimer: If you buy the above stocks because of this post, viagra will no longer work for your old ass. And, you may lose money.

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Momentum Stocks Will Ruin the Raid

With GRMN, RIMM, YHOO, CROX, WBD, FMCN, amongst others, deep in the green, the bearshitters cannot drive the market too much lower.

My best guess, tech will rule the last hour of trading, as investors do a little nibbling– going into fat fucker day (Thanksgiving).

In short, feel free to get drunk and buy stocks again.

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Late Day Retards Strike Again

Here we go again.

Mark my words, you fuckers who keep fading the early day rallies, hoping for a “shit the bed” close, will soon be poleaxed.

Nothing works forever.

While it’s true, I believe the bears can break a few noses this afternoon, via late day fuckery. It’s also true, the market will not remain as predictable as it is now.

Bottom line: I’m fucking holding onto my weapons (cash), waiting for the perfect buying opportunity, which may come early Monday.


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Position Updates: VMI

With the stock rallying hard today, my suspicion that a hedge fund was selling out, most likely due to redemptions, is almost validated.

Looking at their only publicly traded competitor, LNN, one could make the argument that VMI is 25 points cheap.

Aside from their burgeoning irrigation equipment business, VMI has a galvanizing division, which attracts short sellers– who are betting against metal stocks.

My best guess, VMI has bottomed and should continue to recoup the 20 points it lost, since they reported blow out numbers a few weeks ago.

Long term, “The Fly” thinks VMI will moonshot north of $150, providing the market keeps its marbles.

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