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
23,417 Blog Posts

Back to the Bear

Well, it looks like the 2 week “early cycle” bull market is over, as stocks fucked themselves, while “late cycle” tech stocks jogged on.

However, it’s worth noting, Cramer is now saying to sell the banks. Perhaps we are due for a bounce.

By the way, people who inject themselves with Botox deserve the severe side effects. Sell short [[AGN]] all day.

Over this weekend, “The Fly” intends to eat several 2 1/2 inch rib eyes, heavily salted, lightly peppered. I made buckets of coin this week— and will prepare to make more, sometime in the near future.

NOTE: Whoever went long [[CMO]] on my rec, you’re welcome. Your invoices will arrive, shortly.

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Fly Buy: SKF, REW, SRS

I bought 1,000 [[SKF]] @ $108.94, 1,000 [[REW]] @ $74.46 and 1,000 [[SRS]] @ $111.50.

Disclaimer: If you buy REW because of this post, your healthcare costs will spike due to transgender surgeries. And, you may lose money.

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Fly Buy: SMN

I bought 5,000 [[SMN]] @ $43.30.

Disclaimer: If you buy SMN because of this post, a voodoo physician will curse your portfolio. And, you may lose money.

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Short the Dollar

With OPEC threatening to move off the dollar for euro’s, that fucker (dollar) will make new contract lows, sometime in 2008.

Write that shit down.

Naturally, [[GLD]] or [[SLV]] is a good alternative to the “wheel barrow.” In addition, owing euro’s via [[FXE]], loonies via [[FXC]] or yen via [[FXY]] is a good currency hedge or investment, in my opinion.

Finally, do not be tricked by bullshit spikes in U.S. exports. The only reason why exports are up is due to the lead balloon, aka dollars.

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Bank Stocks are for Losers

Using Cramer’s logic, seeing the old momentum stocks bust caps in the bears, one could make the argument that “late cycle” plays are being bought—due to the end of the arduous recession of 2008.

Some of my old positions are blasting higher, such as [[RIMM]], [[AAPL]], [[RS]], even [[MVIS]]. On the other hand, all of the coveted “early cycle” plays are being beat up and stripped of their lunch money, such as [[SCA]], [[MTG]], [[FHN]], even [[AXP]].

Back on earth, us humans who do not like to gamble with money say “fuck the banks,” as we drink florescent green soda from diamond encrusted chalices.

Ag stocks are very strong, as wheat and other food commodities press higher. Should wheat stay “retardo high,” I want to be short [[PZZA]] and [[DPZ]], due to their inability to pass along cost. [[DBA]] and [[JJA]] are excellent ways to play the boom in food commodities.

Pizzeria’s are fucking doomed.

Finally, I will use this rally in [[RIMM]] to sell. And, I will take advantage of the spikes in [[FCX]] and [[MON]] to buy more [[SMN]].

NOTE: Eric “the oil barrel” Bolling is on Wallstrip today. Special bonus: He says all you global warming believers are asshats. Good stuff.

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