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

Still Going

I’m like the fucking energizer bunny of this “investment game.” You can’t stop me, even if you killed me. In the event of my untimely death, my ghost would lift out of my body, all angry and shit, and still trade this market better than 99.9% of you “goat guzzlers” (I have no idea what “goat guzzler means. But, it doesn’t sound good).

Despite today’s shit painting parade, “The Fly” is up 1.2%, led by my purposeful short positions in [[MON]], [[POT]] and long [[SMN]]. Oh, let’s not forget my burgeoning [[DCR]] position.

See, I expected Mother Market would throw me a screw-ball, via gapping up financials at quarter end. So, I planned ahead.

As you know, right now, my largest position is [[SMN]]. No, I am not lucky or clever or even “at the right place at the right time.” I am simply much smarter than you.

The bull case dictates all commodity prices depreciate, while the dollar climbs.

Naturally, the recent strength in the dollar hurts my gold position. But, that’s okay. I’m willing to sacrifice one position, in order to inflate another.

So, in case you are wondering what to do next, do nothing. Instead, wait until tomorrow, when the windows are no longer being dressed, in order to properly evaluate where your money should be allocated.

I’ll give you a hint: short [[LEH]] above $40.

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10 comments

  1. MarketRaider

    I have to give it to you, you poop loving bastard, on how fast you got out of LEH this morning. That low was like a split second yet you got it (allegedly). That’s like some old western gunslinger reflexes and shit. Or maybe it is your superior Fly reflexes, who knows. Fuck you for being faster than me after having to put up with all your jinxing bullshit. I hope it goes to $0 tomorrow (provided I still have it short of course) so I can mock you with my superior intellect in spite of my inferior speed.

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  2. Dogwood

    Be careful…keep badmouthing LEH and the SEC might investigate.

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  3. MarketRaider

    Dogwood,

    Actually I thought I was badmouthing the Fly (in an admiring sort of way). I wonder if they will still investigate?

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  4. Ed

    Fly,
    You’re the man..im in DCR after u recommended it around 10.30. Thanks.
    But surprised why DUG is not following the same pattern.
    Ed

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  5. JakeGint

    FED says… “Peep peep?” (cough! cough! hack!) “Peeeeep!”

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  6. Juice

    Any opinions on CALM here? They crushed earnings & are getting crushed in return but I don’t see major protein sources losing pricing power any time soon, so I am picking up some here.

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  7. Dogwood

    MarketRaider,

    My comment was directed to The Fly. Not sure if you saw the article over the weekend about the SEC investigating rumor mongers hoping to drive LEH lower. I immediately thought of The Fly when I read it.

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  8. The Chad

    New poll:

    The SEC takes The Fly into custody for banking too much coin shorting LEH:

    A) Not likely, these are free markets
    B) Likely, the FED/SEC should “protect” the free markets
    C) Very Likely, the FED/SEC/LEH management team are upset that the fly crowded their short positions
    D) Wait, were did Fly go?

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  9. JakeGint

    E) Paulson and the Fed roll tanks a la “ATF-Waco-Style” to the doors of Fly’s fortified castle. Pitched battle, including 105mm Howitzer “fuck you” cannonades from the buttresses, ensues.

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  10. brushbuck

    F) Fly gets in his plutonium powered time machine and “flies” away yelling “Hasta la vista mfer’s.”

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