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
23,376 Blog Posts

BEHOLD: Space Alien Magician Trading

Something doesn’t feel right about this tape. Call me paranoid, but I get the sense someone is trying to trick me into wiping out my fucking account. Everyone is too giddy. Even my neighbor Steve is “back in the saddle,” playing Gordon Gekko from the “unluxury” of his bullshit cubicle.

I have many stocks on my watch list; and many of them look poised to break out. However, the voices in my head tell me to “stay away asshole and go eat a sandwich.”

I have numerous wins today, via American Vanguard Corp. [[AVD]] , National-Oilwell Varco, Inc. [[NOV]] , BE Aerospace, Inc. [[BEAV]] and other unnamed/hidden gems.

To be blunt, as opposed to just beating around the bush and lying to you, I have an urge to splurge in the inverse etf’s, specifically [[SRS]] , [[FXP]] and [[EEV]] . And, I would like to short the euro, via [[DRR]] .

The election is just one big ol’ gay distraction. It’s allowing people/traders to catch a breather. True. However, my guess, volatility will pick up big time, post election, effectively punching the mustaches off of a variety of milquetoast traders and stay at home moms, deservedly so.

At the present, I have more than 50% in cash. I am conflicted between taking down a quick long side trade, going to cash or throwing up some downside hedges. These questions, and more, shall be answered for me, prior to the sessions end.

Let me be clear: I am bullish on stocks until Thanksgiving. However, by no means am I interested in participating in a brief sell off, before the turkey day run up. In other words, I am trying to demonstrate my “space alien magician” skills, for all of you “low-enders” to see.

As you can see, the airlines are running hard. These bastards may have more upside. But, unfortunately, my DNA does not allow me to ever buy an airliner. So sorry.

Select healthcare stocks, like Almost Family, Inc. [[AFAM]] , Amedisys, Inc. [[AMED]] and Chemed Corporation [[CHE]] look decent. I would like to buy in, God willing, at lower levels. And, education stocks are running with their socks off. However, they are too extended. I am tempted to bottom fish in beaten up tech, like NetGear, Inc. [[NTGR]] or Corning Incorporated [[GLW]] ; but they just blow.

Typically, when I force trades, I lose money. So, barring something really cool happening, I might just roam around my office, in a red turban, while berating everyone who works for me.

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Election Trading is Gay

The market is not interested in going down, anymore. The volatility has grinded to a halt, as we wait for President Obama to give his acceptance speech.

So he will bankrupt the coal industry. Big fucking deal. Those black lunged fuckers will be happy to receive the government dole, in exchange for, umm, the black lung.

With my money, most likely, I will sell out of Arch Coal, Inc. [[ACI]] , especially since our next President is not into coal and shit.

I find it very humorous that VeraSun Energy Corporation [[VSE]] went bust. What happened to the glory of ethanol, you fucking idiots? Huh, what-fucking-happened-to-it?

Right here, right now, for some reason, I find myself long the homos from the perfume section at [[M]] . And, I like National-Oilwell Varco, Inc. [[NOV]] , American Vanguard Corp. [[AVD]] , BE Aerospace, Inc. [[BEAV]] , [[UYG]] and Apple Inc. [[AAPL]] .

Regarding my watch list, I am very close to buying [[EEV]] , [[FXP]] , Clean Energy Fuels Corp. [[CLNE]] and Research In Motion Limited (USA) [[RIMM]].

UPDATE
: I sold out of my [[ACI]] position, north of $20.90.

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Look Whose Blog is on Fucking Fire

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Many of you weak kneed bloggers out there have the slightest idea how to build traffic, organically. You scurry around, link whoring like fucking imbeciles, praying for someone, anyone, to listen to your bullshit. When, in fact, the very notion of listening to pathetic link whoring bastards is quite sickening to most people, with intelligence quotients north of 99.

If you want to swing your balls from high stools, with regards to this blogging game, I recommend not giving a fuck about readers, content or even logic. Just throw shit on a page and call it “art.”

Tell the world you are a fucking space invader, with serious and purposeful intentions of sucking the gray matter right out of their stupid skulls. Believe you me, that’s a blog even “The Fly” would read.

With regards to other bloggers:

You guys all suck. Just pack it in and go play with your fucking blackberries.

As for me:

I got shit to do right about now, following an arduous weekend of busting out unions and making sure my NFL team improved to an unbelievable 8-0.

The wins come in bunches, if I may be so bold.

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More PPT

It’s almost ready.

[youtube:http://www.youtube.com/watch?v=B9xsSIZ8tx0 450 300]

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Bears Murdered in Halloween Trading

I need to scurry along and prepare for my egregious Halloween festivities. As you know, “The Fly” is all about scary little kids in Santa Claus costumes.

In closing, I did nothing today. I am keeping my BE Aerospace, Inc. [[BEAV]] for the inevitable end of the idiot union strike at The Boeing Company [[BA]] , hopefully this weekend. Also, I am keeping my entire National-Oilwell Varco, Inc. [[NOV]] position intact, based upon its erroneous valuation.

I nibbled at lightly traded American Vanguard Corp. [[AVD]] , based upon PPT ratings. At the present, it is ranked higher than The Mosaic Company [[MOS]] and all other ag plays.

I am closing out October at all time highs, up more than 63% year to date, much to your chagrin. LIBOR is coming down. Sentiment is improving. And, finally, the bears are getting exactly what they deserve: a sharp blade to their string bean necks.

NOTE: [[TBT]] has been goose stepping higher, probably the safest trade for the next 5 years.

[youtube:http://www.youtube.com/watch?v=ClbK4YYAAGk&feature=related 450 300]

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Fly Buy: AVD

I bought 8,500 American Vanguard Corp. [[AVD]] @ $14.60.

Disclaimer: If you buy AVD because of this post, the neighbor kids will throw eggs at your bullshit car. And, you may lose money.

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A Special Message from your Government

Hey kids. Along with some free government candy corns, how about buying some bank stocks? We can take your 401k’s if you don’t listen or cause you to be paralyzed from the neck down. Play nice and buy some banks, or we will kill you.

Hank Paulson, U.S. Bailout Chief, Goldman Sachs

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Bears Trapped Inside Haunted House

I don’t have time for this investing shit today. As you know, it’s Halloween. “The Fly” has all sorts of trick or treating to do with his kids. Then, he has all sorts of tricks in store for the neighborhood kids, via his elaborately decorated haunted house.

The kids eat it up.

As you can see, we have a real time scarefest taking place in the market today, for the bears—that is. Those fuckers are trapped inside a worst case scenario financial haunted house, where they are forced to renege on their Dodge Viper payments, the preferred car of all short sellers, by the way. I don’t know when the rally will end (Thanksgiving); however, I will tell you, the inverse etf world is getting rocked.

[[EEV]] , [[FXP]] and [[SKF]] have suffered mightily the last few days. Maybe, just maybe, they are due to bounce.

Just saying.

But, most likely, with my money, I will hold cash (50%) and wait for my BE Aerospace, Inc. [[BEAV]] win to materialize.

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