iBankCoin

Banks Are Absurd

By the time this whole credit debacle is finished, many small to mid sized banks will be “zeroed out,” or close to it. You know I believe [[FED]], [[WM]] and [[DSL]] will be worthless, inside of 12 months.

I’m adding [[FHN]] to my death spiral list. And, don’t forget about [[CORS]]. I really don’t see how they can make it.

Do your own research.

As you can see, the stock Gods are blessing “The Fly” with bountiful gains in [[NOV]], [[SKF]], short [[LEH]] and short [[POT]].

Getting back to the financials, just so you know, I own two: [[BAP]] and [[AIZ]]. Sometime soon, I will explain my asset allocation methods and how to avoid getting your legs blown off, holding stocks like [[HANS]] or [[SNCR]].

Hopefully you fucktards understand that a certain level of discipline is needed, in order to stay in the game—long term. Sometimes, I get the sense most of you are just going “all in,” one idea after the next.

With my money, I will sell off my trading [[FFIV]] and [[NTAP]] positions and short more [[LEH]].

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15 comments

  1. Fabregas

    VISN (FMCN wannabe) – shorted @ $16.9 (so glad I got filled)

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  2. Gunners

    why doesn’t the HANS ticker ever work?

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  3. Kiwin

    My favorite bank is RBCAA

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  4. green writer

    A close on SKF above $102.45 should allow a push up to $110-$112.82….Let the death spiral begin.

    Thanks for the extra push in SKF yesterday senior FLY.

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  5. kurt

    watching the tape on xlf is absurd.

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  6. JakeGint

    BAP getting “Bapped” “Emerald-style” by JP Morgan Bilderberger.

    Can’t have them South’Muricans doin’ better’n them.

    ____________________

    Kiwi — not sure why you like Republic, but FYI, the bulk of their growth comes from mortgage origination and OTB-like credit swindling (like check cashing).

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  7. Aris

    what the hell is going on with NOV? that thing exploded up, but i can’t find any meaningful news.

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  8. The Fly

    NOV up on rumours [sic] that “The Fly” is buying it.

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  9. Topper Harley

    NOV up on unconfirmed chatter of new contract win

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  10. ZenProfit

    Mr. Fly:

    You wrote: “Sometime soon, I will explain my asset allocation methods and how to avoid getting your legs blown off, holding stocks like (HANS: 0.00 N/A) or (SNCR: 12.555 -3.72%)”

    That would be a much anticipated post. Thank you.

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  11. Fly – pls shoot a laser beam into MON

    Down with corn fuckers

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  12. zephler

    ENER stomping bears….

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  13. Employee8

    “As you can see, the stock Gods are blessing “The Fly” with bountiful gains in (NOV: 72.77 +5.65%), (SKF: 101.86 +1.81%), short (LEH: 42.97 -1.54%) and short (POT: 196.22 -1.28%).

    Getting back to the financials, just so you know, I own two: (BAP: 81.62 -1.89%) and (AIZ: 66.16 -1.91%).”

    Yesterday @ 4PM from A Glorious Day:

    “During the session, I sold out of my longs and reversed to heavily short, with exact precision. So sorry.”

    So NOV, AIZ & BAP are not longs???

    I see how they fit your strategy but technically they are longs and you really didn’t sell them …. I’m filling in for Duc today.

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  14. The Fly

    Employee:

    I didn’t sell everything you ‘tard.

    WTF?

    Do you think I am managing some bullshit online trading account? To clarify, I sold out of large trading positions, as indicated in earlier posts that day.

    I’m still long a bunch of stocks, namely RACK.

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  15. Employee8

    I am only managing a third tier bullshit online trading account …

    So sorry!

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