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

Suckers Rally

As you know, “The Fly” was expecting to see a short squeeze rally, especially in the financials.

This is the part of the downturn, where everyone says: “hey asshole, it’s not that bad. Plus, there’s lots of cash on the sidelines,  dying to get in.”

I love how fucktarded pundits think idle cash is always “dying to enter the market.”

I know people with 10 million in their bank accounts, zero in the market, who could give two fucks and a gay goat about investing in this rigged game. Most normal people are sick of the market and its stupid ways; they rather invest in their own business.

Unfortunately or fortunately, depending on how you look at it, this is my business.

Hell, if I owned a chain of asshatteries, grossing more than 10 million per year, I would never visit this retarded website or have an urge to participate in asinine “short squeezes.”

With oil selling off a little, people with small brains are selling out their oil positions, due to fears of a “top.” Also, financials are sprinting higher, with exception to the “fortune cookie morons” at [[LEH]].

My short in [[CHL]] is still working. However, should this mini rally extend, it will cave into the bulls. It always does.

This rally was made for suckers. I will sell into it, while quietly sipping on a cup of crude oil.

Top pick: [[RIG]] If you enjoy the content at iBankCoin, please follow us on Twitter

28 comments

  1. CubsRock

    RIG is going nowhere, be patient and buy even cheaper.

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  2. The Fly

    no

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  3. anjing bau

    just building a little cause to prepare for the retest of the March lows…many of the banks are thru those lows and casino stocks are following along…its time for the Q’s and the rusty to tag along with DIA and SPY.

    The XLF is holding just above the Mar 17 price of 22.29, once that is breached then it its teen age wasteland for this skinny puppy

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  4. Jerry Seinfeld

    You funny man 🙂

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  5. Costanza

    This is my kinda RALLY !!

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  6. BOOMER

    Fly – You’ve really found your pen again. Bravo.

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  7. Annuk

    Buy DGP when Gold dips below $850, with both hands. If we see $800, get out the wheelbarrow.

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  8. AssHats Playbook
    AssHats Playbook

    Buy retail whenever crude is down.

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  9. calvino

    Where is this sideline money going to fucking come from. So people will rip out their money markets and cause interests to spike. Yea, good for stocks. Fucking morons. Myself I am getting close to turning off this bullshit website and living off my Supplemental Social Secutiry check and say goodbye to the northeast.

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  10. Spanky Paulson

    Did I tell ya ta buy da banks? Huh? huh?

    How many times have I told ya ta buy banks?

    I win, even when it looks like I’m luzing. Especially, when it looks like I’m loosing.

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  11. TurdsRUs

    The other turd-like sector experiencing a short covering rally is the homebuilders.

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  12. calvino

    NO way asshat, just sold anf and urbn again. These people alwasy get ahed of themselves, unless you get the first pre cum spike.

    Maybe defray one tenth of my losses on mos. Death to mos. May the farmeres collective burn your storage at night with torches and run you through with their pitchforks.

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  13. ZenProfit

    Mr. Fly:

    Are gay goats pink?

    I thought your favorite color was blue.

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  14. Has “The Fly” become disgusted with corn going higher? This week is supposed to be down in prep for options week.

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  15. Jakegint

    Hell, if I owned a chain of asshatteries, grossing more than 10 million per year, I would never visit this retarded website or have an urge to participate in asinine “short squeezes.”

    Susquehanna Asshat Factory??

    Susquehanna ASSHAT FACTORY?!!

    (famous Abbot & Costello routine)

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  16. gappingandyapping
    gappingandyapping

    I am pressing the hot blade of lower oil to Fly’s neck via short DBO. Fly lets go to war.

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  17. Jakegint

    Sorry, Susquehanna Hat Company.

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  18. The Fly

    Great clip. People get similar responses when they mention the name: Chuck Bennett.

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  19. The Fly

    Gap:

    You can’t go to war with me. You have no aircraft carriers.

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  20. Scabby

    Anyone else think Nancy Pelosi is hot?

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  21. Gunners

    everyone check out CRDC. this was one of the first stocks i spoke about when i had my blog. They are announcing some trial data on thursday.

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  22. gappingandyapping
    gappingandyapping

    Bullshit, I am locked and loaded and don’t need no stink oil to run this ship. Prepare to be windfall taxed biatch.

    http://upload.wikimedia.org/wikipedia/commons/8/81/USS_Nimitz_in_Victoria_Canada_036.jpg

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  23. larry

    Alias: BPOE

    This market is at low tide. No matter what trade you put on at this point the risk/reward sucks. I will wait with my one position QID until the tide comes in. To me waiting for the market is the key for big trades. Overtrading is for junkies. I broke that habit a while back. Having a house paid off and driving a corvette is less stress.

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  24. BOOMER

    Dumped BOOM at 37.3.

    That thing is a turd. Looking to reshort it to 34 on a pop.

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  25. Jakegint

    Scabs —

    Not only do I think she is hot (for a 60 yr. old), I think she wouldn’t be Speaker if she were not.

    Now someone explain Harry Reid to me. (ggg)

    ______________

    Breaking:

    Gappy’s insistence on eschewing oil has severely limited his naval capacity for upcoming Flywar.

    The rueful irony? Despite the mandated Gappy Navy Uniform, he’s actually a Bears fan.

    “Da Shame.”

    _

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  26. Asshats United Against Dip Buying
    Asshats United Against Dip Buying

    New support group forming in Nashville.

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  27. calvino

    the Calvino takes his meager profits on anf

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  28. TraderCaddy

    Thar goes LEH. Nice to know you.

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