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
23,452 Blog Posts

Melt Down

I am very close to disabling the comments section altogether, for you fuckers are making me sick.

Quit talking shit. This is not the yahoo message boards. This is a place of honor and class. Act accordingly, fuckfaces.

As you can see by today’s tape, the world is coming to an end. With oil sub $60, I am dancing on the graves of the Texas Tea makers and Saudi sheet fuckers. Even at these levels, I like the prospects of [[DUG]] going higher.

One thing to note: only pussies stay in cash. So, with that being said, should you find yourself in cash, you know what you are.

Finally, for some odd, mystical reason, [[FXP]] is barely up. I say: shenanigans! Lean on those fucking Chinese names, including China Life Insurance Company Ltd. (ADR) [[LFC]] , China Mobile Ltd. (ADR) [[CHL]] , PetroChina Company Limited (ADR) [[PTR]] and China Mobile Ltd. (ADR) [[CHL]] , regardless of what metrosexual men on the goggle box say. That fucker, as sure as I am sitting here, will print $100 by Thanksgiving.

NOTE: I have multiple wins today, with zero losses.

NOTE II: Petrohawk Energy Corporation [[HK]] to single digits.

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92 comments

  1. your momma jokes

    oops… I suppose now is not the time.

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  2. j

    fly what do you think of BEAV down here.

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  3. DEVILDOG

    j, you’re still dumber that dirt. Please post your BEAV buy. How many shares at what price? Put up or STFU!

    BTW, BEAV is going to $1.87 minimum.

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  4. Big Mike

    Dougie Kass thinks we will have a turnaround day, where we will rally towards 1010SP in the short-term…

    Im selling some of my hedges and buying some BAC here…

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  5. neil youg

    NO POLITICS, RETARD.

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  6. Lumpy

    I’m beating the fuck out of the BEAV for calling me “Lumpy.”

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  7. charlie

    So much for a “Turkey Day rally”. Fly, man up and buy some BGZ instead of tricking around with Chinese hocus pocus shorts.

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  8. CAP

    If Dougie Kass thinks we are going to rally, we will continue going lower. Doug kAsshat is always early by 1-2 weeks and minimum 10%.

    FLY – Please could you post a picture of the famed fortune cookie reading S&P500 0.01 – 870 . It would make my day.

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  9. charlie

    Dog, shut up. Shut the fuck up! You never post details of your trades, and I remember a few weeks ago all of us were reassured that you are full of bullshit because you claimed that you were buying blocks of SDP and all of us could see just by looking at SDP that you weren’t.

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  10. blowhard

    FXP will have it’s normal late day surge.. today it will surge up in anticipation of the overnight session.

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  11. MV

    Todd Harrison

    11:53:41 AM

    No positions in stocks mentioned.

    How Do I Tell Them That Due to the Unfreezing Process, I Have No Inner Monologue?

    My mother used to say “when it’s on your lung, it’s on your tongue.” I never really knew what she meant but I’m fairly sure it had to do with thinking before I speak. That’s easier said than done when sharing a real-time stream of consciousness and rather than heed her advice, I’ll let these zingers rip through my fingers:

    * I have no official opinion on the notion of a North American Currency (the “AMERO”, as it’s being called in hushed tones). Desperate times create desperate measures by desperate people and sadly enough, nothing would surprise me anymore.

    * I will again offer, however, that the notion of a “seismic readjustment” continues to vibe my antennae.

    * For a long time, I was the most bearish guy in the room. That’s no longer the case as the wizard has been exposed for all to see.

    * I’m no Pollyanna, as Minyans know, but I’m most certainly warming up to financial assets as a function of time and price.

    * The risk? OK, I’ll say it. WW3. History teaches us that global conflicts are bred from economic hardship and the risk of an intertwined conflict is higher than most folks think. Heck, some would argue that it already started in March, 2003.

    * Two words for Hank Paulson: “Paper trade.”

    * The time horizon on my energy nibbles? They’re small enough that I can (and will) add lower and I’m comfy–as it stands–carrying them home overnight.

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  12. Big Mike

    Ahh Cap, good point…

    Dougie Kass has been buying stocks since about a week ago after that 10% two day declines.

    My game plan is fairly simple, should BAC finish below 18.50, I will bail out as it would make a new low; should it hold, I am playing for the short-term bounce.

    Simple, yet deadly…

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  13. Dinosaur Trader

    Fly,

    Comment section has been in the shitter for months.

    I blame Danny.

    -DT

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  14. Stupid Lupid

    Help me understand:

    If the market falls an additional 25% (possible)?

    BGU 3x goes from 37 to 9 (gulp)?

    how the fuck does it ever recover??

    a 50 % retracement (up 150%) takes it back to $13.5?

    These shares are for intraday trading period!!!!
    Am I correct here?

    Thanks!
    Stupid low-iq bottomfeeder.

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  15. The Fly

    I don;t care what other managers are saying. “The Fly” wins all the time, not them.

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  16. Sir Douchebag

    -500 dow today. Mark it.

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  17. j

    Please post your BEAV buy. How many shares at what price? Put up or STFU!

    Sure, 10,000 at 8.80ish

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  18. MasterDebater

    FXP appears to be afflicted with a raging case of “the palsy”. I stand confused as China has punched the monocle out of my eye.

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  19. CAP

    What the government should do with the $700 billion is set up an alternate banking system. With $10 being lent for each $1, that’s $7 trillion of credit. The economy will be back on track in no time. Let the current crop of banks fail. Since they obviously don’t want to lend money, let them fail. Fuck them. Fuck BAC C JPM WFC and the rest. We don’t need them.

    The other option could be to use the $700 billion to buy S&P futures. The market will rocket up and that $700 billion will turn into $1.4 trillion. Confidence will return to the markets and the $700 billion can be repaid while the $700 billion profit can be used to ‘save’ the banking system as originally planned.

    IMO the current plan to buy stakes in the banks is not working.

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  20. gappingandyapping

    Fly any targets on HK or is it a hedge?

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  21. BuyOnTheDip.com

    HK victory conceded.

    good game.

    watching MDR, for a temp bottom in oil services.
    until that fucker stops, no reason to buy anything oil.

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  22. 4fl3x

    Yeah you have multiple wins, kind of like your buddy Tim Knight. 10 cents here, 40 cents there etc…

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  23. Armaggedon

    I’ve always said, let the country burn down. If there’s anything of value there, it will rise from the ashes.

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  24. The Fly

    HK is a fortune cookie stock. Single digits, minimum.

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  25. Big Mike

    Fly,

    It will be very gay if you take out the comments section; you could just ban the person IP address…

    This is a dictorship after all no?

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  26. Lester the Mole

    Let the government provide 0% financing for all US made products. It will save the carmakers without intervention.

    Right now Joe the plumber can’t secure financing for a Ford truck.

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  27. Ban them...

    …by IP.

    Indeed.

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  28. The Fly

    Who thinks i should ban DevilDog?

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  29. Juice

    I say we make DevilDog diplomat for life with Australia.

    Ban him to J’s house.

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  30. charlie

    Stupid Lupid, the 3x ETFs must be used gently as a hedge, or if you are insane, OR if you are aware you possess great day trading foresight, the agility of a cat, and the speed of a hawk, then you can wield them like a 5 foot claymore and scalp massive amounts of coin in a few short minutes.

    For example, the market is faking up right now, but will surely close at least 85 points lower. This may be a good opportunity to grab some BGZ for a quick buck, although FXP is lagging illogically behind all the other iETFs and should post the biggest gains from now till the close.

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  31. Loyal reader

    The above posts are all perfect examples of how ibankcoin has come to suck so bad.

    Insipid political opinions worthy of high school dropouts, and endless name-calling. You call yourselves men?

    You’re not even worthy of the yahoo messageboards.

    The fly tried to build something of value here. You could have shown some respect for that.

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  32. charlie

    If it’s possible to temp ban him, I say kennel the mutt for a few days.

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  33. DeviledEgg

    Twelve votes here to ban that fucksack.

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  34. BuyOnTheDip.com

    p.s. MON is not an $80 stock, i repeat.

    puts of power!

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  35. Big Mike

    JUST Do it!!!
    DO IT!!!

    http://www.youtube.com/watch?v=lmUZGdi7Ty4

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  36. Michael

    Hey Fly,

    Thanks for the great commentary!

    Do you have any long-term recommendations for my IRA? I know what you said about cash, but would I be better off waiting for a lower bottom next year?

    Thanks!

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  37. Fly – push the trapdoor button on Dog clown

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  38. Pete

    Well its a double edged sword. The more popular and free you are….the more under attack you will become.

    I usually dont pay attention to the comments section just because of the crap spewed on any free comments area.

    Why cant you have a small subscription for 1.99 a month to be able to post a comment. This way if any idiots post and they are truly idiots you can ban them for good. The good thing is they wont return because they can change there ip. That would certainly get rid of BS and make way for more serious comments that will unnecesarily use the F-Bomb in it to try to make the post funny yet keep it serious?

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  39. Juice

    They currently have a record 9 bobble heads on CNBC. Must be time to rally.

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  40. Dinosaur Trader

    Just give Devildog a tab. Then you win again!

    -DT

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  41. The Fly

    Maybe I will just ban Cubsrock and call it a day, no?

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  42. Dinosaur Trader

    Juice,

    Why were you concerned about Thursday yesterday?

    -DT

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  43. The Fly

    Michael:

    No.

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  44. Donny

    CRUDE = $56.93!

    http://www.youtube.com/watch?v=jKb0v27N3xc

    We’re bankrupting that Fat, Ugly, Cockroach, FuckFace, MotherFucker, AssHat, down in Venezuela!

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  45. The Fly

    Juice:

    Kass is a homo.

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  46. Eye No Stuff

    Stuttering bald man marks the lows.

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  47. DMG

    “The price of freedom of religion, or of speech, or of the press, is that we must put up with a good deal of rubbish.”

    -Robert Jackson

    Loyal Reader: you are toolbag.

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  48. 4fl3x

    Ban everyone that disagrees with your picks.

    This is Master Fly’s House!

    …Editing because I can…

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  49. lol

    I’m too exposed to the short side… and I feel the need to spculate on some crazy stuff, so I’m going long USB calls and GS calls.
    This could be the dumbest thing I’ve ever done, I guess we’ll see.

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  50. Donny

    So much for South American Socialism & Communism … we’re about to KILL IT, bubble style. Literally … they’re gonna hang Chavez.

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  51. lurk

    “Fly – push the trapdoor button on Dog clown”

    i second that

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  52. Pete

    Fly,

    I will pay extra if you ban DEVILDOG. Do it.

    Pete

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  53. The Fly

    Go fuck yourself Cubs. You’ve been asking for it for awhile, you little snarky fuck.

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  54. blowhard

    If you ban DevilDog, please balance out the other side by banning Jake.

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  55. blowhard

    Correction, Jake and his lame ass neo-con desire to bring Obama into every discussion.

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  56. Juice

    Fly – I know Kass is happy; however, to give him his doo, he is not a dump sheeple.

    Dino – just calling for a sick rally out of this hole, particularly now that we have traded down into contra-the-week-before-options-exp-thursday.

    Does anyone think we can go up hard? Didn’t think so, which don’t mean it will happen, but I’ll bet declining rubles on it. The news flow is dismal at best which is a Costanza bonus.

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  57. DEVILDOG

    fly,BAN me and see if I give a fuck.

    j, I’ll be tracking your losses on BEAV.

    Anybody seen GENERATIONAL Bottom lately?

    BTW, all my SHORTS are super duper GREEN and will be SUPER DUPER DUPER GREEN by 11/19.

    Most notable are my RTH, XHB & AAPL SHORTS. Needless, to say my SDP is going to the moon soon.

    Watch and learn cow herd terds!

    BAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!

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  58. DannyBoy

    FXP is doing nothing but EEV is working great.

    Fly: what does the PPT say about STAR. I just did a shit load of reading up on them and they look pretty good fundamentally. Good products as well and the stock has taken a pounding latley.
    I’m looking to add some long exposure b/c i am pretty short right now.

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  59. The Fly

    Devil:

    I will keep you if you could shut your fucking mouth a little.

    FXP is ghetto cheap.

    Juice:

    Do you work for Minyan?

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  60. DEVILDOG

    Hey loyal reader, why don’t your take your aristocratic holier than thou shit somewhere else like Church. In the meantime go suck some kangaroo cock with j.

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  61. Thunderpup

    BTW, all my SHORTS are super duper GREEN and will be SUPER DUPER DUPER GREEN by 11/19.

    Wash your shorts, DevilDog.

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  62. The Fly

    Last warning Dog.

    Quit picking fights.

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  63. DEVIL DOGS 34DD GIRL

    hEy GuYs,

    My SuGArDadDy dEvIlDoG pOstEd sOme pIctUres of Me wItH hIs vIpEr. CoMe cHecK mE oUt . XXX

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  64. Pete

    Fly,

    Obviously DEVILDOG could not give a shit less about your threats. For all of our sakes, please ban the fucker.

    Pete

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  65. The Fly

    Fuck it. I’m gonna ban him anyway.

    DevilDog:

    You’re fired.

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  66. Juice

    No Fly. But I get their buzz’n banter free thru AMTD. They have smart peeps there, so I post some of it. Adam is a contributor there as well, as you know.

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  67. Big Mike

    God! This board is turning into Yahoo Finance…

    Whatever happened to accountability? Oh wait, this is America…

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  68. DEVILDOG

    OK fly, at least I can respect someone that was smart enough to listen to what I said about BEAV and BA’s backlog that will be canceled by China and took a loss and got out.

    I’m done for the day.

    Now sipping on some Laphroaig 30 that my neighbor bought me for all the SHORT gains he’s making and for getting him out of his stock mutual funds last year. Watching “The Sand Pebbles” that I recorded last night. Fuck the Chinese.

    BTW, new lows by 11/19.

    Anybody seen GENERATIONAL Bottom?

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  69. Thunderpup

    Yahoo finance? Hardly. It’s hilarious and profitable.

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  70. The Fly

    I agree Mike.

    Where’s the outrage?

    I blame Woodshedder for everything gone wrong on this comment thread. His incessant habits of staying low key, and playing the fiddle, is costing this site millions of dollars.

    We’ve become a clearinghouse for yahoo message board miscreants.

    Change is a coming.

    A Stalin-esque type sweep is long overdue.

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  71. Juice

    Don’t know why; I don’t mind the d-dog, even as he hurls erroneous accusations my way. He is an amusing character who stands by his convictions, when they’re going his way.

    This is for you, D-Dog:
    Truly, I say to you, you brood of snakes and vipers, we will rally tomorrow, like nobody’s bidness.

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  72. Donny

    Mister Fly-

    CAP & Dog start too much shit in this venue.

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  73. The Fly

    BTW:

    Any complaints should be directed towards Woodshedder. He is in charge of comments policing, sort of a message board SS officer.

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  74. Paradigm Shift

    a). Devildog is amusing… write it down.

    2). With selling/shorting supply into every rally, the next move up should be monster and unrelenting. People will be shorting all the way up until it hurts.

    c). I continue going long with defined stops:CME,MA.BAC,MOS,SSO, AEM

    But then again…I could be wrong.

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  75. The Fly

    Will CNBC stop trying to always find the silver lining? Idiots.

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  76. Nergo

    I like Pete’s suggestion.

    Loyal Reader, Good post.

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  77. The Fly

    Paradigm:

    I choose D.

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  78. Dinosaur Trader

    I blame Woodshedder too… and Danny, because, well, fuck Danny.

    -DT

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  79. Eye No Stuff

    Compromise. Allow DevilEgg to post in leap years, on Feb 29th only.

    I still say that stuttering bald man marked the bottom.

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  80. hmmmmmm

    In a way aren’t we in a global (securities) war now?

    Isn’t the godly hand of America wiping out other bullshit nations via “monetary policy” in a seemingly Pyrrhic manner? Kind of like pulling the plug out of the wall on kids glued to the tv screen intensely playing a video game. Game over, now get the fuck out of here.

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  81. The Fly's Dog

    Whoa, I found this little white pill on the kitchen floor this morning. All morning I have been relaxed and chilled out. It must have been Master Fly’s beta blocker…

    Oh well, back to the couch.

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  82. Malaka

    Flyness

    just saw your post on the BS posts with no relevance to any of us making money…. I come to this site of insight not gay goat fucking jokes… I look at this site as elite.

    On that note anyone have feelings on AIG… I appreciate your response

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  83. Thunderpup

    Lows aren’t made of this low-volume, slow-motion crap after what we’ve been through. When the $USD sells off in a panic against the Yen, and they intervene, we’ll have hit a temporary bottom.

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  84. Thunderpup

    Btw, last night, the $USD *started* selling off, but it has a ways to go…looking for 90.

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  85. CAP

    Donny Says:

    Mister Fly-

    CAP & Dog start too much shit in this venue.

    DONNY – nobody cares for your incessant bragging everytime you make $50 on a trade. And nobody cares for your Submariner Rolex watch or your 335i. Now go fuck off.

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  86. TraderCaddy

    INTC downgraded and estimates lowered and yet the stock is hanging tough.
    A buy sign (short term at least).

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  87. Paradigm Shift

    No bottom calling here – just a trade. Hence, the stops.

    If wrong, I’ll just wait for the next setup.

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  88. Jakegint

    I say: “Shenanigans!”

    ROFL.

    “The new game, from Parker Brothers!”

    _____________

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  89. gatorman

    I’m taking this opportunity to ban myself from posting on the site….wait, this is the only thing I’ve posted….announcing my self-ban, adios amoebas!
    FL 42-AL 10, write it down.

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  90. Jakegint

    Isn’t the godly hand of America wiping out other bullshit nations via “monetary policy” in a seemingly Pyrrhic manner? Kind of like pulling the plug out of the wall on kids glued to the tv screen intensely playing a video game. Game over, now get the fuck out of here.

    That is fucking genius.

    Serious.

    ________

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  91. Jakegint

    FL 42-AL 10, write it down.

    You should ban yourself. At least until you’ve taken your meds.

    _______

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  92. Eye No Stuff

    “godly hand of America wiping out other bullshit nations”

    Good insight. Putin would agree.

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