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
23,455 Blog Posts

The White Robed Rally Lives

As I sit here, gloriously triumphant, in my white robe and leather sandals, one thing comes to mind: what shall I order Mrs. Fly to prepare for this evenings “dinner banquet”? Mind you, the “banquet” will only be attended by Mr. and Mrs. Fly and our three kids; nonetheless, it is a meeting of great minds with some minor egregious behavioral miscues (for some reason the little ones do not like the burning incense near the dinner table).

I’ll have you know, right now as a matter of fact, I sold nothing today. “The Fly” is into pushing the envelope, when things go his way. All of the bottom fishing done last week is paying immense dividends today. Today’s rally is entirely commodity based. For the most part, the banks and tech names took the day off, leaving names like The Mosaic Company [[MOS]] and National-Oilwell Varco, Inc. [[NOV]] to go open field running.

Unlike Friday, today’s rally stuck, as TED spreads and LIBOR rates shit the shower.

In short, I must admit, it is entirely fulfilling being me, as my brain is nearly 100x as powerful than the average money manager. “The Fly” is almost a mythical figure now, as you readily know. I realize the responsibility that has been entrusted in me by the stock Gods. And, if I may be so bold,  I do intend to offer multiple, and also various, coin banking methods, just as long as you (the reader) shut the fuck up and quit debunking my “Tim Knight is a retard” theory.

NOTE: Tonight, I will post my top 10 holdings.

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52 comments

  1. Juice

    Tim is NOT a retard … he just can’t get out of the way of his bearish DNA.

    Despite slapping on egregious ultra short etf’s today, I banked Egregious coinage today, EGREGIOUS!

    I cannot disclose the amount lest the IRS come looking for a quick handout, broke as our government is.

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  2. Mo

    I bow to your Jesus’wear

    Phenomenal day – I thank you

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  3. The Fake Fly

    I am gay.

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  4. DEVILDOG

    More bullshit happy talk that the world is saved. Not impressed. Still dipping into great shorts. Please rally to S&P 1060 – 1080 so I can really load up the truck. Odd no?

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  5. Reality

    C’mon fly…Your lounging in your parents basement wearing a bathrobe from Target and some gold painted crocs…with a Cramer fatheadz on the Wall.

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  6. CAP

    TED spread shit the shower alright.

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  7. CashIsKing

    Nice calls since last week.

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  8. Ass Napkin Mike

    FLY
    Alpha
    Ragin
    Wood
    Danny
    Gio
    Adam

    I made a fuck load of money today….just wanted to say thanks.

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  9. Donny

    Ass Napkin … stop bragging, would ya?

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  10. r

    ditto.
    mad props on dig.
    and so on…

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  11. charlie

    Still holding TBT Fly?

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  12. hmmmmm

    The bears will be back and soon. Don’t forget we are in a bear market where the rallies are sharp and pronounced, but the lows are tested again.

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  13. JakeGint

    …with a Cramer fatheadz on the Wall.

    Okay, I gotta admit, I laughed at that one.

    ______

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  14. T MOE

    CNBC sucks Barney Frank’s dick

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  15. The  Fly

    Ah well, I call it up every fucking day, so I’m bound to get it right eventually, even in a bear market!!

    If I can just you dumb fucks to pay up for my PPT before you realise I ain’t got a fucking clue, I can retire early!!

    Don’t give me no shit, or I’ll ban you asshats!

    Fly(frightened)

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  16. TraderCaddy

    The “Banquet” Fried Chicken meal is pretty good. It comes with corn niblets and a brownie. Just be sure to put a slit over the corn before it goes in the microwave.

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  17. JakeGint

    Homo gives himself away with the Britishisms sans “sic.”

    We use a “z” in “realize” in the U.S., Kiwitard.

    _______

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  18. JakeGint

    Can I just say I’ve lived in “the South” for over ten years now, and I only recently made my first foray into a “Chick Fil A?”

    Can I also say that they are — by leaps and bounds — the best purveyor of fast food chicken extant?

    Comparing their stuff to the other outlets is like comparing Boars Head meats to Oscar Meyer’s.

    _____________

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  19. Danny

    yeah, it’s good. was that ducati?

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  20. TraderCaddy

    The Chick Fil A biscuit in the morning is primo and they make real sweet tea. Not like the Yankee tea. They also have little packets of Texas Pete hot sauce.

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  21. The  Fly

    Hey Jake, I’d never have guessed you lived in the Deep South.

    Voting for Obama boy?

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  22. JakeGint

    Hey Jake, I’d never have guessed you lived in the Deep South.

    Then you’d have “never guessed,” correctly, sheep dip son.

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  23. Deja' Vu

    What else is new, the Fly wins yet again!

    We’re not worthy…

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  24. Deja' Vu

    Devildog loses gain! Odd, no?

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  25. ALLPROz

    Tomorrow will be a heavy hitter earnings day with some majors like AAPL, LMT, CAT, etc reporting….watch closely…

    lol to “sheep dip son”

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  26. JakeGint

    It’s been about two weeks since I entered the RBS pt for the second time after having bought it previously at $7.30 the first time around and then dumping it in the $13’s and 11’s.

    The second entry was at $6.05, and I think there were people here who might have purchased below that?

    Fucker hit $13 again today, proving once again the the old adage:

    Eff’n yer NAUGHT tradin’ Scottish, yer tradin’ CRAAAAAAAAHP!

    (hat tip to Mike Meyers).

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  27. alphadawgg

    Jake,
    Ye need to look at the AIB Irish craaaaahp.

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  28. Employee8

    Let the “Buybacks” begin …. can you say “upside panic”?

    http://biz.yahoo.com/e/081020/orcl8-k.html

    It’s 1987 all over again ….

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  29. Ass Napkin Mike

    Donny-

    Ive taken a beating latley, so trust me when I say Im not bragging or trying to rub anything in.

    If anyone needed to make a “fuck load” of money today, it was me.

    I was within days of saying fuck it.

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  30. Employee8

    Let the “Buybacks” begin …. can you say “upside panic”?

    Form 8-K for ORACLE CORP

    20-Oct-2008

    Other Events

    Item 8.01 Other Events
    Oracle Corporation today announced that its Board of Directors has authorized the repurchase of up to an additional $8.0 billion of common stock under its share repurchase program. With this increase, the Company currently has authorization to repurchase approximately $9.3 billion of common stock.

    It’s 1987 all over again ….

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  31. scum bucket

    Now fake Fly crossed the briny deep
    Steaming with some sexy sheep
    With a ra-dum ra-dum rub-a-dub-dub
    He got there in the lime juice tub

    There’s brand new chums and cockies sons
    They fancy that they are great guns
    They fancy they can ride the bull
    But the traders can only tear and pull

    They want the hedgie’s leverage back
    To make up the volume they sorely lack
    The very next job they undertake
    Is to go long but they make a mistake

    They press the bet with a buying attack
    But they don’t know when the bear’ll be back
    Fake Fly knows the selling pool is deep
    He wishes he could go hump some sheep

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  32. Donny

    Ass Napkin … just a joke. I’m very happy for ya. Go buy yourself an egregious toy … perhaps an iPhone.

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  33. Q4

    YES OR NO

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  34. cheesefries

    If Obama is elected, Israel will attack Iran prior to Bush leaving office. Buy oil.

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  35. Guy Adummy

    Fly,

    The last time you were this full of yourself, you got your mustache punched off shortly thereafter. Might be a good time to take the other side of the trade.

    Guy

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  36. Shane

    While reading that post all I could think was “My goodness he reproduced, Lord help us all”

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  37. i did well today, but with the volitility crunch,,my spy call options barely budged,even thought i was right on the direction. should have known better.

    still a good day.

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  38. The Fly

    Fuck you Shane.

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  39. jeff

    Fly – when is the last time you had a ribeye?

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  40. mrkcbill

    That NOV print is pornographic! Bull Fly is the best!

    Now rising oil lifts the market. Odd No?

    Myth #1 There’s shitpiles of money waiting to get in this joosey market!

    Please add to the list.

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  41. El Mariachi Norte
    El Mariachi Norte

    Fly. I note a tone of euphoria in your recent posts. I suggest caution. Remember your bi-polar and need to keep things even keeled. This market will tear your latest victories apart. I hate to listen to your self-pity and egregious whining upon losses. Devil Dog rocks.

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  42. nytrader

    Thanks, Fly. Loaded with NOV,DIG and UYG

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  43. Dr. Marc Faber says rally is a rebound from a very oversold condition. He says China lies about 9% – truth is more like 5% growth. Credit analyst says C and JPM will need more capital and will become government owned – Paulson lies.

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  44. Jimbo

    Fly

    Are you 37 years old and living in the UK? When I read this article, I thought it sounded like you. Just kidding, keep up the great work.

    http://www.guardian.co.uk/business/2008/oct/18/banking-useconomy

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  45. Danny

    “mrkcbill Says:
    Now rising oil lifts the market. Odd No?”

    It ALWAYS did. common fallacy.

    http://www.ibankcoin.com/dannyblog/index.php/2008/09/22/sundry-oil-correlation-and-volume-charts/

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  46. Obama

    White people wearing White Robes? That’s outrageous… why not put a fucking white hood on it…
    Fuck ya’ll I’m ridin dirty… You want shit to get white, as kid rock says, I’m a paint this town red, and paint your wife white, UHH!

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  47. KKK

    give us back your robe.

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  48. Jimbo

    Fly

    My mistake, apparently the guy lives in L.A

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  49. crude_oil

    Any thoughts on SDP?Its one of Slope of Hope picks today.Thanks

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