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
23,431 Blog Posts

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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The Stock Gods Are on My Side

There is no debate. The stock Gods bless “The Fly” aka Plutonium Petey aka Senor Tropicana on a continuous basis. Much to your chagrin, my wins seem endless, as everything I touch turns into solid bricks of gold.

Even my sales were done near session highs. I bought a large amount of BE Aerospace, Inc. [[BEAV]]; and you know damn well, I will be banking coin on that fucker soon.

Look you, the assholes at the The Boeing Company [[BA]] union need to call a fucking audible here. They want more money, but instead, deserve to lose their jobs. We’re in “The Great Depression the sequel” and these fuckers want a pay hike? Are they fucking nuts?

Fire them and hire trained gorillas in their stead. Take away their millstone and replace it with a very bad homeless situation.

My money says the strike ends this weekend. Come Monday, “The Fly” will be selling BE Aerospace, Inc. [[BEAV]] for a $300,000 gain.

Finally, did anyone notice the insane run in National-Oilwell Varco, Inc. [[NOV]] ? I am the God of all things NOV, due to it being my largest holding. While that bastard runs higher, just know this: “The Fly” is better than you because he is smarter. It is not coincidence or high end connections that puts me in the winners circle. It’s my egregiously high IQ, coupled with my very large sack that allows me to outstrip you at every turn.

UPDATE: Gasparino sleuthing around a fake Lehman story.

[youtube:http://www.youtube.com/watch?v=LFUphoSXU7A 450 300]

UPDATE II: Gasparino-Ratigan drunken stupor.

[youtube:http://uk.youtube.com/watch?v=rtgxMkp25Rg 450 300]

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My Next Move Will Be Grande [sic]

I just took down a million dollar position in BE Aerospace, Inc. [[BEAV]] , based upon the pending resumption of business at The Boeing Company [[BA]]. Those fucking union bastards are scheduled to vote on ending the strike, this weekend. With that in mind, it’s possible to see some positive headlines for BA and their fucking counter parties, like BEAV.

Looking at today’s tape, if forced to make a prediction, I’d say we will close near the highs of the day. It makes perfect sense. Nonetheless, I am comfortable with a bountiful cash position here (50%), following the huge run up in some of my favorite names.

Just so you know, I did not sell any National-Oilwell Varco, Inc. [[NOV]] . Listen to me you cocksuckers: “The NOV” is going to rip the faces off of those who short it, then proceed to bash their skulls in with frozen cans of soda pop, preferably Monster.

Also, I did not sell any Arch Coal, Inc. [[ACI]] .

In short, I will plan my next move carefully. I will hold my current longs and average down on them, if needed, while laughing at you red nosed clowns who got caught short during this greatly televised, and often spoken of, melt up.

NOTE: Nice call by Cramer, telling everyone to sell United States Steel Corporation [[X]] at $30.

UPDATE: Via PPT, the highest rated ETF’s:

1 [[AAXJ]] 2 [[SHV]] 3 [[PVI]] 4 [[FXY]] 5 [[DTO]] 6 [[FBT]] 7 [[BBH]] 8 [[VIG]] 9 [[NY]] 10 [[SSG]]

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