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
22,158 Blog Posts

“Archers”

[youtube:http://www.youtube.com/watch?v=dYFGRD1T9wQ&feature=related 450 300]

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Sell All Day Long

The market is at its breaking point, thanks to egregiously expensive oil prices. There is no way the economy can rebound with gasoline at 5 bucks. Even retards know that.

With oil breaking the balls of Congress and its people, sell short everything under the Sun, with the marked exception of energy related names.

I am have a fucking field day with these little (oil) turds. Just know this, all things “Fly” are glorious. After a brief set back in April, “The Fly” has rebounded with the might and vigor of 10,000 oil rigs, sending his Godly accounts up a staggering 25%, year to date.

Naturally, many of you have greater percentage gains, mainly due to the minimal size of your bankroll.

Just know this, for every 1 win for you, there are 100 for me.

As an aside, I’m “feeling my oats” here with FNSR and FTK. And, with regards to dice rolls, BDCO, QTWW, END and AOG suit me just fine.

For the moment, the ethanol trade is delayed, due to the two day rally in the price of corn. Should that grain remain high, I might throw a fit and begin “fastballing” my trader/servant with ears of corn.

At the moment, my top long ideas are: PCZ, FTK, FNSR, AUY, SRS, SKF, FXP, REW and LEI QTWW.

My top short ideas are: MER, LEH, FED, WM, DSL, FHN, CORS, CHL and POT.

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LEH is Made From Shit

Developing…

SEC NOTE: Egregious posts like this are not my doing. Vincenzo “the meatball thrower” is making me do it.

NOTE II: I am not covering.

UPDATE: On a side note, God bless oil and the people who make it go higher.

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Fly Buys: VSE, QTWW, AOG, END, BDCO, LEI and FTK

I bought 2,000 shares of each (VSE @ $6.92, QTWW @ $2.40, AOG @ $.77, END @ $1.76, BDCO @ $2.00, 2,000 LEI @ $5.17 and FTK @ $19.80) of the above names, mainly for fun.

UPDATE: I bought 2,000 FTK @ $20.

Disclaimer: If you buy the above stocks because of this post, the next time you drink milk, it will be sour. And, you may lose money.

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Dice Time

It’s garbage time.

“The Fly” is ever so busy, scouring the market for low-grade energy plays. I’m sure the market will eventually collapse; but for now, I feel like trying my hand at some oil gambling.

Real quick, my watchlist includes:

TMY, END, BDCO, GGR, SYNM, USEG, URZ, AEZ, TRGL, BMD, JDO, BCON, MPET, QTWW, GSX, BQI, SSN, TGC, EGR, AOG, LEI, BPG, HKN, PDRT, EPM and PRC.

When shoveling through shit, you want to look for the stocks that are spiking with volume. That’s the key. The stock must trade 10x normal trading, in order to make it worthwhile—for a trade.

Back to the real world, FTK is working for me, like an indentured slave fetching lemonade on a hot day. In addition, recent positions in PCZ and AUY provide further proof of “The Fly’s” greatness and asset to the financial community.

In closing, I do not feel like adding to my short positions. If you insist, take a gander at SRS. For now, “The Fly” will gamble a little in oil, while throwing eggs out of his office window—striking the piker brokers smoking cigarettes and drinking coffee down below.

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Cajun Wins, Yet Again

What the fuck? SOLF is sprinting higher on egregiously good earnings.

Someone give that man (Cajun) a box of chocolates or a basket of heart shaped grenades.

Nicely done.

UPDATE: If you notice, the market data and embedded quotes have vanished from the site. Apparently, our IT guy, Jeremy, is on vacation in Jamaica. In his place is the backup guy, Vincenzo. In an amazing twist of events, Vincenzo spilled an entire bowl of meatballs and “gravy” all over the iBC servers, effectively throwing the site into flux.

Fuck you, Vincenzo, fuck you.

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“The Fly” Wins Again

Another big day for “The Fly” aka “Senor Tropicana,” up another 3%—spearheaded by the retards who invest in financial and Chinese stocks.

Late in the day, the ethanol racket fell apart, due to some profit taking. Not a big deal. In my opinion, they’re to be bought on dips.

I’m very busy right now. Hence, I do not have the time, nor the inclination, to guide you miserable midgets—at the present.

However, i will tell you, being long energy and short financials is a grande [sic] scheme. And, being long gold, via [[AUY]] and [[DGP]], will bless your children with a much larger inheritance, once you finally die.

In closing, I am short term bearish on the markets, with a bullish appetite for low quality energy stocks.

Be well, or not.

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