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
23,445 Blog Posts

I Am Better Than You

Long [[HANS]], [[WB]], [[LAZ]], [[SRS]], [[FXP]], [[SMN]], [[CTRP]], [[UYG]], [[AAPL]] and [[FMCN]], while short [[POT]].

Do not debate my supremacy. It has been documented 1,000 times over.

NOTE: Stay tuned for a paid commercial from Prospectus.

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Position Updates: MVIS

My spies who attended the “MVIS does Manhattan” meeting were very impressed with the company’s new product: SHOW.

In addition, they feel the company is well on its way to meet all milestones, including a minor product release in 2008.

Just in case you are wondering, there was no talk of financing at the meeting. However, my people believe the company might raise money, sometime in December of ’08— hopefully around $5 per share.

Doing some quick numbers, if everything stays on track, [[MVIS]] can do $30-40 million in ’09 and as much as $100 million in 2010.

Last I heard, following the luncheon, the company was meeting with Citigroup.

Personally, I want to wait for a pullback in the stock, prior to adding to my minor position. However, after I get a pullback, I might be an aggressive buyer.

NOTE: God willing, the company will release some partner names, over the next 6 months.

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Don’t Be a Loser

While my wizard (Merlin) casts spells on ag stocks, I have been very busy intaking massive quantities of caffeine.

I know you fucktards think the market will swan dive, on the back of horrendous future news. Too bad you’re all wrong.

While reading this website, be sure to accept the market misdirection “The Fly” offers you.

One day I am a bull, the next a bear.

Try to understand, I have many more neurons operating in my brain, than all of you—possibly combined. When I die,  my head will be severed from my body, preserved, then kindly displayed at Universities throughout the world.

Regarding the market:

I have “multiple wins” taking place in [[HANS]], [[LAZ]], [[WB]], [[UYG]] and [[CTRP]]. In addition, I am hedged, via [[SRS]] and [[FXP]].

However, it’s worth noting, I have very little confidence in my Chinese short position, considering how brazenly corrupt those bastards are.

I do not mean to spread rumor, but I am hearing, from multiple sources, [[TWPG]] “may be in trouble.” Thus far, I do not have a short position. However, looking at the company, I cannot give you a good reason to go long.

Finally, I am not going to bet against oil. I have a minor [[DUG]] position and will be content with getting my money back, without having to add additional funds.

Betting against oil is for losers.

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Fly Buy: HANS

I bought 2,000 [[HANS]] @ $33.90.

Disclaimer: If you buy HANS because of this post, when you get divorced, your wife will take half. And, you may lose money.

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Fly Sell: POT

I sold short 1,000 [[POT]] @ $185.

Disclaimer: If you sell short POT because of this post, the price of rice in China will be your death card. And, you may lose money.

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A Glorious Morning

There is no better feeling in the world than experiencing pure joy, over a large can of Monster Energy Soda, while watching the fuckers from POT eat pavement. It’s about time someone had the ball sacks to downgrade the stock.

Thank you RBS.

In other news, TSCM shit the shower. Is it any surprise? Really.

I mean, I love the work of Rev shark and some of the other random contributors, but let’s face it; that site is built around Cramer. Even at $8, the stock is extremely pricey. In my opinion, the stock needs to find a home around $5.

WB caught an upgrade, out of sheer fear that “The Fly” would be angered, is my suspicion. At any rate, I am quite pleased and will be selling my shares, shortly.

Look you, I have no time to fuck around with imbeciles on the internet. “The Fly” is a very important man, with dozens of “irons in the fire” and multiple wins in his pocket.

I can only tell you, with utmost sincerity, I despise elderly people and their bearish ways. It is no secret, I relish the opportunity to catapult unsuspecting bearshitters into a field of cacti.

Regarding the market:

Common sense says to short everything in sight. However, price action dictates otherwise. The reason why we are undergoing multiple expansion is due to a rosy 2nd half outlook. The earnings comparisons from Q4, ’07 to Q4, ’08 are absurd. We are expected to increase earnings by a whopping 62%.

I believe it makes sense to milk this rosy outlook as long as one can, without having to actually see the proof. In other words, trade this rally, as if it were the last rally of your life.

Top pick: short POT

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