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

Fly Buy: CLNE, FXP

I bought 3,000 [[CLNE]] @ $15.10 and 1,000 [[FXP]] @ $63.74

UPDATE: I bought 2,000 CLNE @ $15.05.

Disclaimer: If you buy CLNE because of this post, an egregious clown will kick you down a flight of stairs. And, you may lose money.

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Fly Sell: RACK

I sold 10,000 [[RACK]] @ $12.85.

UPDATE: I sold 10,000 @ $12.80

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Degenerate Long Ideas

I hate chasing stocks that have already shot up by 1,000,000%. So, I put together a short list of stocks, that may benefit from the current “Joey Bag o Dollars approach” to investing— which is, quite honestly, asinine and beyond reproach.

Here is my “platinum” watch list:

[[WX]], [[M]], [[LOW]], [[TGT]], [[TSO]], [[VLO]], [[RIG]], [[GLBL]], [[MU]], [[NVDA]], [[RFMD]], [[PMCS]], [[NSM]], [[KLAC]], [[ESLR]], [[LDK]], [[RIO]], [[JNPR]], [[EQIX]], [[FFIV]], [[CAVM]], [[HLIT]], [[GRMN]], [[DSX]], [[NM]], [[EMC]], [[STX]], [[TKC]], [[NIHD]], [[PHM]], [[CX]], [[CLX]], [[ETN]], [[CTSH]] and [[GLW]]

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Position Updates: AIZ

How can I go wrong with [[AIZ]]?

Tell me.

They provide property insurance to banks, regarding foreclosed homes.

Another Fly win.

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Bulls Win, Again

Bulls are just looking for excuses to get long. Today’s inflation data was phonier than a $20 Coach bag, yet we are sprinting higher.

It’s worth noting, bank stocks are not participating in this rally, yet.

Across the board, tech and industrial names are on the move. The usual suspects.

With the buckets of coin under my possession, I will sit this rally out. At this point, I am unwilling to commit new capital to new long ideas, and too stubborn to cover my shorts.

[[FNM]] up this much is a complete laugher. If I were long, I’d sell that fucker immediately.

If anything, I like the weakness in select energy stocks. They’re worth dip buying.

[[CLNE]] is down on very light volume. I like it here.

Finally, Chinese lottery stocks are out of control. Take a look at [[CAAS]], [[RCH]], [[KUN]] and [[SORL]]– just to name a few. My dice roll is [[NOEC]].

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