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
23,419 Blog Posts

Where Did All The Bulls Go?

What the fuck? I was just about to get me some [[BAC]] or [[FED]] or [[LEH]] up 50%, over the last 5 days. That shit looked cheap.

Are you telling me the economy is in the shitbox? I thought America had a ‘goldilocks economy’?

My inverse etf’s are outperforming; but I am vexed for not have the balls to short FED yesterday.

In an effort to ‘dip my toes’ back into the murky market waters, I took the liberty to buy more [[FXP]], [[SKF]] and [[SRS]], if you don’t mind. After some recovery in my disheveled portfolios, I shall and will short some banks. As sure as I’m sitting here, I will have my revenge against those bastards.

My new longs are not working: [[CLNE]] and [[FMCN]]. As you understand, this makes matters worse. However, being able to have a time horizon longer than 2 days gives me comfort in knowing “The Fly” is never wrong.

For those of you who are stuck in [[RIG]], unable to get out, be patient. The company is going to report earnings soon. I expect there will be a bounce. On that bounce, let go of some shares.

Keep in mind, everyone is killing the energy names, acting as if oil is $30 per barrel. Asshats.

I suspect, the decline in crude will be short lived. Once it starts gapping up again, there will be a frantic panic to get back in RIG, [[SU]], [[UPL]], [[OXY]], [[ARD]], just to name a few.

All of the assholes who were short banks are now short energy stocks.

You know how this story ends, don’t you?

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23 comments

  1. Dogwood

    You know how this story ends, don’t you?

    With you banking egregious amounts of coin while we mock you out envy?

    Yeah, we know.

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  2. Donny

    If that little fucker, RIG, closes below $130, it’s going to visit the shit hole.

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  3. boca

    Never mind those cnbc anchors, I think I’m in love with SKF.

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  4. CubsRock

    We need to get the SEC over here and do some investigating. Under 47 1/2 my ass. There should have been at least 20 replies to Cajun’s post about the Fast Money hottie.

    http://www.cnbc.com/id/15840232?video=801841193&play=1

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  5. recusancy

    Cubs… Post a pic. Not everybody watches CNBC 24 hours a day.

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  6. Back ‘n fill baby…1300 S&P less than 1 week…then short the planet

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  7. Donny

    You’ve got to be fucking kidding me, they’re pimping steel stocks on CNBC … “They’re Cheap” … sure they are fuckface, and they’re gonna get a lot cheaper!

    Tip of the day ~ You may want to withdraw your money, if it’s in WaMu. LoL!

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  8. Mr Fly sir, what do you think of OFI?

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  9. The Fly

    Donny–

    Cover your oil shorts. We shall and will thank me later.

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  10. nullpointer

    Katie Stockton

    do not want

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  11. Woodshedder

    THE FLY TOP!!!

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  12. recusancy

    Time to short PACW? Looks to be turning over, heading back to 15.

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  13. BREAKING NEWS

    Senator McCain stated ” I promise to withdrawal all American troops from the United States, within the first 90 days of my presidency.”

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  14. recusancy

    Uh oh… Here comes the Obama bashing. I can feel it.

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  15. CubsRock

    Double bottom reversal in DBC today, uh oh.

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  16. zephler

    hey fly, you ever talk to the person who you used to post your conversations with on your old site (I think it was Broker B)? I remember he was too much of a pussy to continue on with the publication of your converstations – ahhh teh RACk days…

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  17. could there be a better example of a strong cup and handle in a bad market?

    Look no further than OFI.

    Volume precedes the move. Check!

    You will all be looking at this name sooner or later.

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  18. Jakegint

    Uh oh… Here comes the Obama bashing. I can feel it.

    Alls about you can do is “feel it.”

    Disagreeing with the Obamessiah has been made illegal, along with shorting “the Holy 19.”

    __

    (Note — only fucktard cowards bash “anonymously.” From guess who’s side? No worries, “no diff” after all, right?)

    __

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  19. Michelle Obama

    jakegint…’you go girl.’

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  20. Jakegint

    Um, thanks Michele.

    Please do not send the troops out after me.

    ___

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  21. CubsRock

    Someone is really trying to push down KBH, check today’s chart. No let up at all.

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  22. TraderRenn

    Are the bulls are creatively working on their next bottom call – first we have the “Bear Sterns” bottom and now we have the “Fanny” bottom. What’s next?

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  23. buckeye bob

    I know I’m not the brightest bulb in the trading sand box and charting is the lazy mans way but, holy crap … look at a couple day chart of the dow – what a head and shoulder

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