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
23,423 Blog Posts

This Market Blows

I have little time to discuss the intricacies of the market. Just know this: the market is extraordinarily over valued and is ready to be pushed off a steep cliff.

Stocks cannot continue to go up every day, in spastic retarded fashion. It’s fucktarded to believe that [[X]] deserves to be at $170.

You’ve been warned.

MVIS UPDATE: Someone sent me a “research report” on [[MVIS]]. Let me tell you, it is the most egregious piece of work I have ever seen.

Click here for MVIS pump.

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38 comments

  1. gappingandyapping
    gappingandyapping

    Top Pick: Short LEH

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  2. JoeyBagOfGoatBarf
    JoeyBagOfGoatBarf

    The asshole sell in may cause you’re gay clowns showed up into the close today.

    These individuals are in direct opposition to the asshole dip buyer.

    Fuck, now I’m confused.

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  3. The Barber

    The major indices are in line for a quick 3-4% haircut after todays fairly significant reversal.

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  4. DEVILDOG

    Listen and learn fuckstick bulls. I’m up $20K on my SMN buy today. Much more over the next 30 days. Odd no?

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  5. gappingandyapping
    gappingandyapping

    X deserves to be at $270! Steel prices have been deflationary. I am calling a bottom in X, its 50% undervalued.

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  6. DEVILDOG

    have you considered changing your name to yappingandyapping?

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  7. Prospectus

    If there is really no inflation like Uncle Ben says, then the price of Crude is at monumental bubble proportions…

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  8. jeff

    http://www.infowars.com/stream.pls

    $200 Oil is coming

    Listen to Alex Jones boyz

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  9. gappingandyapping
    gappingandyapping

    DEVILDOG: No why?

    Fly quit using that Z-Share site, its run by the BSC IT department. Instead use this one http://rapidshare.com

    Its much better.

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  10. The Fly

    thnx gapp

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  11. Big Mike

    We’re still in the uptrend set up by the Bear Sterns Bailout; until we break support, I am neutral.

    All kidding aside…what fuckin news would drive this market down? I would say we have to wait until Q3 or maybe until Q4, before oil really starts to fuck companies over. Bear in mind, they are not passing costs to consumers…YET.

    In the meantime, too much momentum to the upside;

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  12. Fly… you’re right about the MVIS report. Quite egregious. And potentially quite profitable for holders from these levels. I can’t find much wrong with his research, but it does come off a bit like a 14 year old girl with a crush on the high school football captain.

    Just a note… the group that put it out updated the report with a correction to the fully diluted share count numbers, which changed the share price projections to $10.22 in 2009… $55.22 in 2010… and $332 in 2012. Only a 10,000% return from the $3 level, instead of the 12,000% in the report you posted.

    Not nearly so egregious. Here’s the link to the updated report.

    http://www.investorsdailyedge.com/PDF/The Next Big Thing.pdf

    And no, I didn’t write it. But I did point out to them that their original share count was misstated.

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  13. gappingandyapping
    gappingandyapping

    Big Mike,

    I think there are a number of things, let me list a few favorites:

    = Oil at $127

    = Natty Fucking Gas at $11.65 going into canes of death and summer A/C use

    = Gasoline at $5.00 (yes its $5 here in the Chi)

    = Hot Rolled Steel at fucking $1400 a ton (egregious to the max)

    = Food prices (everything thats traded) at all time highs

    = Water shortages

    = Possible 11% hike in taxes looming

    = Horrible consumer confidence

    That all said I still can’t locate a fucking Nintendo wii for sale so shit can’t be that bad “yet”.

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  14. Fly,

    Do you have any plays on engineering companies (in CA? Japan? China) who might have knowledge of earthquake resistant construction?

    China quake shows flaws in country’s building boom, with shoddy practices in small cities – AP

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  15. Scum Bucket

    The party will continue until after the coronation.

    Fly wrote: Stocks cannot continue to go up every day, in spastic retarded fashion…

    HAHAHA!!

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  16. DB

    Steel has had a great run and I sold my MT at $100 today before it came back to $97. Still love nat gas, I’m very long CHK.

    In what may be the smartest or dumbest move ever I have a long position in BBI. Bought at $2.71 and added at $2.91. I have a feeling they are going to beat earnings tomorrow morning. Since they started selling video games in their stores I see some decent upside although the CC bid scares the shit out of me. Fuck it I’ll bet on Icahn!

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  17. Q4

    Excess Coke

    Everyone Nose

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  18. JoeyBagOfGoatBarf
    JoeyBagOfGoatBarf

    “= Oil at $127

    = Natty Fucking Gas at $11.65 going into canes of death and summer A/C use

    = Gasoline at $5.00 (yes its $5 here in the Chi)

    = Hot Rolled Steel at fucking $1400 a ton (egregious to the max)

    = Food prices (everything thats traded) at all time highs

    = Water shortages

    = Possible 11% hike in taxes looming

    = Horrible consumer confidence”

    You forgot Joey Bag Of Real Estate Crack going upside down on his 13 $1M homes in Hemet, CA. Who would have known an $83,000 house in Hemet, CA a few years ago going to $1M was not based on true fundamentals? Have you ever been to Hemet? If not, do not go there unless you like dutch ovens and people with only a few teeth wearing diapers.

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  19. JakeGint

    That thing was such an egregious pump that you may have to have everyone on the site sign “hold harmless” disclosure documents stating that they were not sold boiler room securities by your firm…

    I can’t believe how much “Joozy” Tokman looks like a muppet.

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  20. bhh

    @ anonymous – look at the RCH pop today, China architectural and engineering.

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  21. The Fly

    Jooosey.

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  22. JakeGint

    For his faithfulness in patroling downtown Chicago and kicking the occasional ten year bond trader in the nuts, Gappy receives the “key to the City.”

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  23. ottnott

    Hey, Joey, I bought a car in Hemet back in 2002.

    Even then, it was mostly dirt with lots of developments featuring large numbers of bedrooms – 7br and up. Mormon land?

    Fly – at least one of the “analysts” from the company that published the MVIS pump lists your blog as one of his favorites. http://stockcharlie.blogspot.com/2008/05/buildings-of-future.html

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  24. kd

    fly what is so egregious about the report? Or are you just trying to hold back so you can get in.

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  25. patrick

    That MVIS “research report” was hilarious. I think I had one stuck on my car windshield, along with a rave promotion and a pizza coupon.

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  26. gappingandyapping
    gappingandyapping

    Holly shit Jake thats the key to Romania!!! I will first appoint Fly as head of all economic finances. Secondly I will begin to offer goat meat as an alternative to egregiously priced beef. Lastly I will notify the rest of the space alien magicians that Romania welcomes them even though they are illegals, however they will be required to work for Roman wages.

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  27. JakeGint

    From my ever burgeoning “The Borg Do Hits from the Eighties” Time-Life series*:

    ____________________

    *(There is NO NEED to re-order! Just append your VISA or Mastercard number and we will send you a new 12-track CD of “The Borg do the Eighties” each month!)

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  28. Beelzebub

    Bulls, please choose your manner of egregious death:

    1 – a slow, yet painful death, of one thousand cuts
    2 – a quick, yet painful death, in several fell swoops

    The choice is NOT yours.

    Prepare to die, without honor, without dignity.

    Sincerely,
    Satan

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  29. Scum Bucket

    CLNE, FXP down big, no wonder Fly is blowing chunks of lower intestine out his nostrils.

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  30. Dung Fly

    Hey scum, I thought you were banned, fucker.

    Long live MATH and ARWR.

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  31. The Fly

    Fuck you Scum. I am up on CLNE.

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  32. Scum Bucket

    Fly wrote: Fuck you Scum. I am up on CLNE.

    Probably, you always establish your positions well in advance of telling anyone. I’m sure you and Cramer would make a good team.

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  33. Shane

    Damnm. I don’t think I’ve ever seen the word egregious used so many times in my life. All on a site known more for the word fuck

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  34. Can of Corn Humper
    Can of Corn Humper

    That research was awesome. If I were cynical, I’d wonder to myself if MVIS is on the verge of tapping that $35 million shelf they filed last year.

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  35. The Fly

    Scum:

    Wrong. I buy my positions as reported. Unlike many of you, I am honest.

    Take a look at previous buys. I am up, fuckface.

    Shane:

    You must have become bored. I’ve never seen so many “Shane” comments before.

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  36. Bulls

    we’ll take #3… a rebate check rally, followed by irrational exhuberance to the 2nd great depression

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  37. Scum Bucket

    Okay Fly, I retract that last aspersion on your (otherwise thoroughly questionable) character. I see you’re up marginally on CLNE, pretty good timing on FXP though, I must admit. We will see what tomorrow brings.

    edit: Hey Fly, Since I am o-relating on such a rare, yet profound level, do you feel that FXP performs as advertised? I have read some who feel otherwise.

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  38. Anonymous look at TAYD – low float/micro-micro-cap, profitable company that makes dampers for use in buildings and bridges for earthquakes, wind, and explosions. Products also used in stadiums, hospitals, schools, museums, high clearance buildings, military weapons, and rocket launching pads (vibration control).See Wobbly Bridge in England, Guggenheim, Torre Mayor or most large cable suspension bridges in the world…business booming in Asia.

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