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
23,449 Blog Posts

Market on Heroin

I just knew this shit would happen, deep down of course.

While that bitch on tv gleefully relishes in the glory of a 300+ Dow day, “The Fly” is being beaten like a thief in a militant Iranian mosque.

Who gives two fucks and a gay fiddle what I think? Go look at the tape and act accordingly.

I made my bets and now I have to live with them. However, not to jinx myself or anything like that, [[FXP]] is not down too badly.

Nonetheless, at this point, I must remain steadfast and withhold the urge to jump on the bandwagon. I missed the big day, too bad; now it’s time for me to move on.

Doing so, I intend to scalp a few quick trades tomorrow, then prepare for the next leg down. I need to get my cost basis in line and make sure the risk isn’t too high. To do so, I may need to lighten up on some positions, while bulking up others.

Believe me, days like this are not easy, being on the wrong side of the tape. The worst thing I can do right now is panic, do more dumb shit, then roll over and play dead. Slowly but surely, I will recover my fucking coin and more, then seek revenge on the assholes who bet against me.

Parting Thoughts: Fuck Whole Foods Market, Inc. [[WFMI]] and double fuck priceline.com Incorporated [[PCLN]] .

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38 comments

  1. chivasontherocks
    chivasontherocks

    well said

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  2. Aris

    i’m playing COST as a good risk/reward swing consumer play.

    shit like AAPL and RIMM are probably good here. i may look at one of them tomorrow.

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  3. DIJ

    %?

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  4. Scum Bucket Bitchez
    Scum Bucket Bitchez

    Ouch!

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  5. CubsRock

    Hang in there Fly, you’re always Right. It’s just a matter of timing.

    I shorted some RKH and XLU this afternoon just so I knew how you were feeling…

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  6. Vince Lombardi

    If the market closes above 11,632 it will go much higher.

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  7. Molecool

    I’m with you, buddy – lost a few bucks but contained the damage. Good news is that we just eliminated one competing wave scenario, which means we’ll get a monster drop after a bit more bullishness.

    For today yes – you lost a few bucks. But relish in the notion that your revenge will be brutal and merciless. Not much longer now – hang in there. Good news! The VIX just dropped to 21 – put options are cheap now 😉

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  8. BUSTER

    Priceline just busted a “Shatner”

    Woo! You tell ’em Shatner!

    Remixed!

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  9. Juancho

    I went home at lunch and heard Limbaugh on the radio talking about oil prices and Seeking Alpha, I about choked on my Miller High Life.

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  10. BS Dodger

    You are a fuckin’ month or two LATE on XLU

    CubsRock had written
    “I shorted some RKH and XLU this afternoon just so I knew how you were feeling…”

    This is the way this board operates.
    Get on the trade at the END of the move.

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  11. CSCO

    How about me? Will you fuck me too?

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  12. Juice

    Lets call this rally what it was – The Cramer Path of Least Resistance = Down, Rally.

    Barely 24 hours ago Jimbo jinxed the selloff –
    “There is a trade coming up to the long side after we go down a lot, but right now the short side is the easy side.”

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  13. BPOE

    Look this is just the normal OIL cycle. You know Dec to June. I will buy more FXP after this Clown bounce is done.

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  14. Juancho

    Juice, in other Cramer words:

    “So, the market could go up, but it should go down. Really, I wouldn’t be surprised either way.”*

    *Translation: I have no idea what the fuck I’m talking about.

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  15. Fly in the Ointment
    Fly in the Ointment

    el(M)VIS is dead. Long live el(m)vis. Couldn’t have had a worse CC. Stock going to get phucked ‘morrow.

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  16. God wants the Fly to bank coin. Tomorrow will reveal much – the pattern of recent times is big up day followed by profit taking, no?

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  17. chivasontherocks
    chivasontherocks

    ATTENTION:

    this is only for the bears that are very DEPRESSED.

    call—– 305-479-4471

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  18. DIJ

    haha chivas that’s evil.

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  19. dfx

    no, those aren’t losses in my portfolio … I’m a Time Domain Porter of Liquidity.

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  20. gappingandyapping
    gappingandyapping

    MVIS and PCLN and INAP just shit all over their fucking selves. Fly would you buy MVIS in small lots at all or are you telling them to suck a big cock? Hey anyone here feel like everyone was doing coke today? I may invite some Colombians over tonight just to make sure I fit in. By the way fuck you bond traders, you fuckers run that 10yr over 400 bips much longer I will personally shit in a bag and light it aflame on top of Ricky Santelli’s wig. Faggots.

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  21. recusancy

    phewww… Glad I held out on the temptation to buy MVIS before the close.

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  22. ottnott

    advance/decline ratio didn’t look like a +300 day.

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  23. Scum Bucket Bitchez
    Scum Bucket Bitchez

    The sweet trannies are rolling!

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  24. Newbie

    I think you’re full of shit. You’ve been losing big time in the past week. I know you don’t have all that money to lose. Why don’t you buy Cramer’s Real Money and try and some “real money”.. Get a real job!!!

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  25. chivasontherocks
    chivasontherocks

    dij,

    i know. thank you.

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  26. Phil_from_Brazil
    Phil_from_Brazil

    Fly,

    “…Being beaten like a thief in an Iranian mosque”?
    How the fuck do you come up with this shit?
    Classic.

    -Phil_from_Brazil

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  27. Joey Bag 'o Rib Eyes
    Joey Bag 'o Rib Eyes

    Haven’t seen The Fly in a while.

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  28. Surfdude

    Ouch – my A$$HOLE hurts from the clown phuck i took today. I think i am going to sell my SDS and SKF and go out and buy a few condos in Florida.

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  29. Joey Bag 'o ramen noodles in a cup
    Joey Bag 'o ramen noodles in a cup

    I have

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  30. Vince Farrell

    Can’t wait until they rename the UYG to UVF since I called the bottom – Remember your govt requires you to buy banks regardless…. BTW my friend Larry King Dollar Krulow called the bottom at MER’s nickel on the King Dollar sale of their CDOs

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  31. Book

    Fly,

    Take a step back, relax and reload. Don’t force it, you will only get hemroids.

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  32. Scum Bucket Bitchez
    Scum Bucket Bitchez

    Heroin? Naw, Meth maybe. A cheap high to be sure, but eventually the teeth will fall out.

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  33. Scortched Earth

    Book Says:

    Fly,

    Take a step back, relax and reload. Don’t force it, you will only get hemroids.

    Or an anal fissure, which is way worse…

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  34. Handless Iranian Thief
    Handless Iranian Thief

    A “beating,” eh?

    I only fucking wish, you son of bitch, you!

    (Bawl!)

    _

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  35. joosey

    Fly What do you think of MVIS warrants?

    “calvino Says: What happened. Ok, I will tell you. The ECB and the SNB have extended their uncle Buck repos to eighty four days from 28 to match the bearded rat. More money for uncle Buck.”

    Cal,
    How long can they continue with this stuff?

    PS A report from the Romanian capital Cydonia: http://www.youtube.com/watch?v=jV1bRfLHA3A&feature=related

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  36. The Fly

    Newbie:

    Go fuck a shoe.

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  37. boca

    Fly, “Newbie” is clearly mentally challenged or disoriented by reality, so we didn’t even bother to give him negative karma, out of a warped sense of kindness.

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  38. Anton Cigur

    What have you got against shoes?

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