Expect the market to whipsaw all around, due to the imbeciles who call themselves “option traders.” These people are not traders; they’re fucking gamblers.
With the Dow giving back here, I have halted any new buys. Who knows what this stupid market will do?
In normal markets, when the breadth is this good, we should not reverse lower. No fucking way.
There are solid gains amongst most Dow and Nasdaq 100 components. Typically, when stocks are 3%+ green on the day, they do not go negative, barring some sort of new release.
In short, I am not selling, regardless of how we close. Should we “enjoy” an ugly close, I will buy the Monday dip. Should we close strong, I might sell a little on the Monday rip. Either way, sometimes it’s important to think big picture and ignore the 15 minute fluctuations of the stock market.
Think big and you will destroy all of your enemies.
If you enjoy the content at iBankCoin, please follow us on Twitter
Or, think small and have you grammar be destroyed.
A wise man once said “It is time for me to build my empire”
Sorry Wood. I actually post more than once per day. Very little time to proof read.
I think thinkin large and destroying non-believer’s is as preferably as to proper grammar, but Shed we still appropriate you’re help.
Fly,
So does that mean you don’t like the NOV NOV calls at 30 and 40???
I don’t fuck around with options.
Now is the time for Old Beardy – into the close how triumphant he shall be over Buffett’s unruly ear and nose hairs.
The unbelievable just occurred. We gave it back.
Un-fucking-real.
I’m going out to pick up some malt liquor, to celebrate my impending victory. Have my profits ready when I get back.
Options are the American Way.
Donnymeister knew what he doing again. The Donnymon knows how to bank coin.
Fly,
Look at the tape… at 2:25 you could see it was all going back.
If you did fuck around with options…. anyone you would suggest reading??
But look, we are holding the morning highs! Hope is not lost!
Nice to make comments after the fact. What at 2:25 told you that….the fact that 4 minutes later the market was 60 points higher?
Fly- What do you say you grab your Speedo and we hit the water park this weekend?
Bad news:
Shut up.
I am a little mad with this pullback.
Here’s my life:
Mad, happy, mad, happy, mad, happy, sleep, anxious.
Repeat.
I am options fuckery and I will own your house soon fuckers!
I am fucking nuts I tell ya!
bought some CHK back @ 20.50 I don’t see this going below 20
lol at Fly and Danny.
For the post from a couple of nights ago…
I remember when Fly actually cared about grammar.
Now, he’s just about banking coin.
“Here’s my life:
Mad, happy, mad, happy, mad, happy, sleep, anxious.
Repeat.”
lmfao
I love the smell of Gamma in the morning.
Yes that exactly what told me…. just draw… nevermind
closing down today… sorry
Nothing to see here folks. It was just some asshole hedge fund being blown out by a Prime Broker.
Assets seized and liquidated.
Up we go.
strategery
… and don’t forget the sunblock this time.
I’ll repeat for any who missed it BUY AAPL huge under 100 sell most of it Tues before they report.
Wood:
I really do care about grammar. However, I am too busy to nitpick.
Since you aren’t doing anything, feel free to edit.
Long AAPL from 92.
Hi?
You see this?
Put your dick in here.
That’s right.
[whistles]
Comfortable?
[pleb nods]
Good.
[whistles loudly]
Say, you see that thing your dick’s in right now? I forgot to tell you that sometime in the next 45 miutes th-
SNAP!!!!
[pleb SCREAMS, bleeds out, falls dead on top of his own severed penis]
Fin.
Funny W
Welcome to Chopfest ’08.
Fly, actually, I’m earning a living and am very busy, but took a break to have a cup of coffee and enjoy your fine content on this rainy Friday afternoon.
would you hold AAPL thru earnings?
Buy CHK
I’m smarter and richer than you will ever be!!
I’m 80 years old smarter!!
Friday 3 o’clock.
Wood:
It’s not raining in NYC: the only relevant place in the world.
Jig:
I would NOT hold AAPL thru earnings, if your cost basis is high.
Buy a put. Hedge it.
T. Boone’s fund is down like 90%.
I am not even kidding.
MD-yup:)
I don’t know whether to be amused or horrified by the amount of destruction and injury to male genitals that occurs daily on this site. Mostly I feel sorry for you guys ’cause it’s gotta hurt bad.
typical options day nonsense. pin some strikes, freak out some shorts, freak out some longs.
fuck china.
UPDATE:
I am eating fish like a savage Viking right now.
Boca, hopefully the only thing injured is the imaginary 2-3 inches that are added on their members for benefit of bragging and egos.
Hey, my SKFie just turned green – now red again. Wood, love your comments on Twitter.
Fly, only thing relevant about NYC is that the assholes there were a smidge away from bringing down the entire global financial system.
Anon, I do not twitter. Someone has stolen my identity.
Wood:
We can still do it. Do not count a good NYC asshole out.
If T. Boone is down that much maybe he will finally pull those BS commercials where he fails to disclose his self financial interest in wind power.
…he’s not kidding
haha, good point Shed.
Twitter? I have one rather large problem with that service, and that is trying to always fit something smart about a stock or a trade into 140 characters or less. Seems too limiting. Maybe since they tossed the CEO the remaining guy in charge will get generous and up the limit to a max of 150 characters or so.
Must suck to be 80 and have your balls kicked around like that.
Actually, I just created a twitter account, and because Woodshedder was available, I’m assuming that no one stole my identity, after all.
NYC is the center for a good corned beef on rye with an egg cream (at least until Bloomberg puts a fat tax on it).
I’ve been twittering like crazy over the past two days, mainly because Howard is paying me 2,000 per post.
The name is so gay. Twitter.
I’d likely use it more if it were Twatter.
[as pleb comes back to life]
There he is!
Good news, kid: I sewed your little pal back on.
[pleb, keying on day-glo pink sutures, acknowledges the reunion]
Bet you won’t make that mistake again, huh?
[ashen pleb giggles]
Drink?
[pleb quickly downs a neat scotch]
So…
[whistling]
Oh hey – check this out.
[pleb looks over]
This is awesome, man – put your weiner in here.
[TO BE CONTINUED]
80+ and deBalling … watch:
http://www.youtube.com/watch?v=NhVxy6XlsAM&eurl
FLY – T. Boones fund was down like 95% back in the late 90s and he came back to return something like 6000% percent from the lows that year.
I’m back again after coffee
insane asylum trading.
I wonder how much lexapro this blond broad is on?
Wood: “I’d likely use it more if it were Twatter.”
But you’d constantly be taking a nap between posts.
“I’ve been twittering like crazy over the past two days, mainly because Howard is paying me 2,000 per post.”
That’s the only way it makes sense, if you get paid to post. LOL.
I’m going to start holding meetings of the non-existent ibc recipe club on Twitter.
UYG and SKF both up, only in retardo land.
I hate stocks.
maria bartoromo has some good looking DSL’s…
UYG and SKF have seen the future.
I can day trade options, but it fucking gonna give me a heart attack. Fuck over 47.5, option trading aren’t for those over 39.5
LEAPS are much less “gambling” if you sell short term calls every month and own a long term call, but yeah owning options within 30 days to expiration is very similar to gambling.
Stocks really do suck.
twitter this-smoked salmon
I had a sandwich and NOV took a pile of money back.
No more sandwiches.
LEHs CDS auction is Tuesday.
bad market + overbought conditions + LEH CDS on Tues = just wait until then.
to be quite honest, as opposed to perfectly honest, I just yoinked a lil SDS at 92.70 odd.
Someone is going to die before the close.
Watch closely.
Danny:
Your bearishness is unsettling.
sorry guys i bought so the market went negative…WTF???
spanish guy-carlos slim has been buying a shit load of saks- trades below the fifth ave. location.
ARE U FUCKING KIDDING ME???????!!!!!!!!
Where the Friday afternoon rumor of some global intervention before Asia opens on Sunday
Fly-Open up that time machine as there has to be one…doesnt there?
I was counting on this for Oktoberfest money for the weekend. Fuck.
I win, even when I appear to be sleeping or drunk.
Oh well. That was fun.
I just threw away the white robe.
lmao, sold 75% at 95.50
… and this is why I daytrade.
The Fly Says:
UYG and SKF both up, only in retardo land.
Do you mean The Bizzaro World (ala Seinfeld)?
un fucking believable….
Just ignore the tape. It’s all lies.
This is where you can make absurd mistakes within minutes.
What do you mean it’s uncomfortable?
[pleb yells unintelligibly]
Too loose?
AIEEEEEEE!!
Too tight!!
AIEEEEEEEEEEEE!!!
Here, let me jus’SNAP!!!
Son of a bitch!
My finger!!
No- wait…
looks like its raman noodles and colt 45 this weekend for me foolish ass unless we get a miracle before close….
35 minutes to go, and I honestly believe we could end up down 300 or up 300. This is fucked.
TED spread is down to 3.63. Ignore the tape. TED spread is collapsing. GOOD for the markets. Just ignore everything else. Its all lies. Lies all of it. We can still close up 500 .
You were saying?
100 point swings per minute.
Wonderful.
Agree Fly, today is a mess.
Never eat Raman. It’s 100% salt.
Short cut to a heart attack.
Cap is correct.
Ha.
Now up.
Hey Swan… Swan’s don’t jump. They dive.
I am staying long, no hedges, with 30% cash ready for a dip.
Or, until Warren Buffett dies.
Intraday is overbought, LEH, rally was fading, Tick line moving to new intraday lows, so I said fuck it and went short.
Thats what the signals were saying. Timing wise, total luck. If anyone says the timing and execution wasnt luck they are wrong. But, luck is the residue of design and I designed the LoBV well.
sold the rest at 94
I’m done for the day. All aboard the train.
I just threw up like the Etrade baby.
I’m back and I want to know where the fuck my profits are. Who took my profits?
The Snipette, and the snippets, expect me to take them out for Mexican food later. Yo necessito dinero!
Who makes imodium? That’s a pharm I need to buy, because I just took a shit and came back and the market was up 150 points. No more bathroom runs when the market is open.
I’m a crazy olde coot! Go buy CHK and do a jig.
Sorta disagree cap re your LIBOR conclusions. When they put a bug on CNBC it stops workings. Was practically true to the day they started with the VIX.
I knw vix is much less tangible and important than LIBOR, but they put the bug up, throw it out. I follow LQD, HYG and t-bills as proxies to credit or flight to quality, and they still are wishy washy.
my 2¢
Come On … I need this fucking stock market to collapse RIGHT THE FUCK NOW. I want to buy DIG @ 28 before the close.
One of these days, we are all going to miss this volatility. Kinda like my former Italian girlfriend.
That’ll suck.
What a day fellers
40 pt. jumps before live quotes can even get feed through…
Ducati got a new motorbike:
http://www.youtube.com/watch?v=fNh0ba2-X_8
One of theses days the market will go up close up and go up some more.
My 80 year old nut sack should be so lucky.
market = enema, that was easy
I like this Invesco chick. She’s realistic.
Fuck it, I’m out.
Sorry fuckers. My boss took over my duties.
Remember theses sell offs will continue until they don’t.
Hows that for 80 year old words of wisdom
Time for the 8th inning rally.
FXP here?
holy shit batman
someone wants the market pinned on 9000
Fly,
You are becoming extremely MICRO…I fear for your health…
Can ya get back to a more MACRO outlook..say at least a day?
http://www.j3sg.com/Reports/Stock-Insider/GenerateFiler.php?filerCik=0000898680&pageNumber=1&descending=1&sortBy=PeriodOfReport
Boone has plenty to pick
Danny – Nice “lucky” trade today. I agree about the CNBC “bug”, when they take the damn thing off the screen and I need to look it up, that’s then it’ll work again. (sorry for the run on sentence.)
Thanks Yogi, agree.
See when I go away for long periods during the day, I miss the context on hilarious shit like this:
I am eating fish like a savage Viking right now.
__________
Sometimes this place is like the quick-edited interstices in between the Monty Python skits…
__
gambling, no. Taking people’s money that don’t understand that this market is shit. I’ll do it all day long. Bring on the bulls they don’t scare me I’ll stay put! (pun intended).
You hate options because you don’t understand them. Just like you hate this volitility. It has most of you crying like babies. Learn to profit from it and stop watching CNBC
Not true, T Moe.
I traded options for years. I can do anything you idiots can do and better.
I opt out of options for a specific reason ,which happens to be none of your business.
As for the volatility:
Sure, tough guy. You’ve seen volatility like this before right?
Fuck off, fuckface. I’m up 55% year to date.