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
23,473 Blog Posts

The Government Sucks at Trading

Fuck you CNBC for openly asking if “we are near a bottom” again. These people are asslicking morons. They have lost the average Joe billions of dollars with their sophistry.

As for our government:

With today’s C deal, they just booked a quick 10 figure loss. Those assholes have no idea how to trade stocks. Here they are, buying C, BAC, WFC, JPM, amongst others, losing money hand over fist. What those motherfuckers should be doing is subscribing to The PPT, in order to watch “The Fly” trade.

With the market bouncing here, I am feeling somewhat rambunctious, full of life and vigor, if you will.

Regarding my commercial Re and oil shorts, let them eat cake. I do not mind if they trade down a little, for my new focus is on other things, such as CY, GLW, WNR and JRJC. I’ll have you know, “The Fly” has been to the future and it does not look very good for the likes of XOM and CVX. Eventually, my DUG/ERY positions will reward me with great victories of mutton festivals and whorish extravaganzas.

Until then, Plutonium Petey will continue to trade like the wind, with sincere intentions of “de-sacking” those of you who trade against him.

Top picks: CY, GLW, WNR, DUG

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68 comments

  1. lopsang_sherpa

    fly is god

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  2. j

    Fly

    If they the tax cheat followed your advice he’d be well short of the banks. How would that help?

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  3. Jed

    Zombie wears lime green leisure suits (with super wide lapels) to black tie affairs.

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  4. 46 year old

    Not sure but I think you just got called out by Mr. Kneale on Stocktwits for CY.

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  5. Henry Fool

    APSG
    Overall Technical Score 3.89
    PPT Recommendation: Buy
    Overall Fund. Score 3.7
    PPT Recommendation: Buy
    Hybrid Score
    Hybrid Score 3.81
    PPT Recommendation: Buy

    Overall, our company provides a unique capability in helping to protect the U.S. and allied nations against military and terrorist threats. Our deep knowledge of science and engineering is unmatched in the industry and leads to unique solutions for our customers. Applied Signal Technology systems and personnel are significant contributors to our national security.

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  6. mrkcbill

    Jed will never shop at Cabela’s because he loves Dick’s

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  7. Jed

    For starters…that was a Jed impersonator (^^^)…but your response was funny as shit. Nice work.

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  8. AlphaLoboTrading

    VISA looking good if breaks

    http://alphalobotrading.blogspot.com/2009/02/visa-v-waiting-to-break-esperando.html

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  9. Itchy & Scratchy

    Fly,

    Be careful of mixing your metaphors in the same sentence. The wind cannot “de-sack” someone. Honest.

    The metaphor police will be watching you.

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  10. Thunderpup

    Shorted GS like a mofo at $92. Buying OTM SPY puts like a 5 handle is in the near future (by April).

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  11. Jed

    mrkcbill proudly authored the book, “How to Give Yourself a Pedicure”.

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  12. DSB

    Wrong Itchy & Scratchy.

    “with sincere intentions” was the phrase that decoupled Fly’s trading style metaphor, from his own personal wishes. If he had left that part out, then you would be correct.

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  13. DEVILDOG

    Fly, you still haven’t figured it out. Odd no?

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  14. USOOOPS?

    Any issues with DUG etf?

    The ETF bubble looks like it may be the next one to burst. WSJ just out that the CFTC is probing the USO ETF for price moves coinciding with trades in and out of crude-oil contracts. The USO has recently gotten prominent media attention over allegations that it is a perpetually value bleeding asset, and potentially a pyramid structure.

    The Commodity Futures Trading Commission confirmed late Thursday that its enforcement staff is investigating USO concerning its so-called “roll” into a new contract on Feb. 6. The scrutiny is part of a broader probe into the oil market.

    “The CFTC takes seriously issues surrounding price movements in our nation’s vital energy markets,” acting CFTC Enforcement Director Stephen J. Obie said.

    USO has grown so large in recent months — its holdings account for 20% of all April crude futures contracts on the New York Mercantile Exchange and about 30% of the contracts on ICE Futures Europe — that it has a noticeable effect on oil prices when it moves in and out of contracts each month.

    It is not clear what would happen to the USO in case impropriety is found and the fund is forced to shutdown and unwind it massive futures positions. Nonetheless, this could be a harbinger of increasing regulatory intervention in other ETFs which have seen a huge rise in trading in recent months.

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  15. hmmmmm

    http://www.youtube.com/watch?v=e5NLfm_H6KE&feature=channel_page

    Krull’s last few videos have been pretty funny.

    http://www.youtube.com/watch?v=wzcm8ea0W-8&feature=channel_page

    That one had some good rants, especially the part about Cramer. If Krull was an animal, he’d be a parrot.

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  16. Itchy & Scratchy

    However, “with sincere intentions” really describes every insane government spending program put forward by our current administration. I would argue Senor Tropicana does not sincerely intend. He just does, sort of like Yoda.

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  17. kidstock

    Fly,

    For shits and giggles break out the oatmeal bowl. The bulls need a little mojo.

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  18. DEVILDOG

    # Thunderpup Says:

    Shorted GS like a mofo at $92. Buying OTM SPY puts like a 5 handle is in the near future (by April).
    February 27th, 2009 at 12:52 pm

    Hey pup, take it from the BIG DOG as I don’t like to see pups get hurt. I’d cover that GS SHORT right now and wait until it hits the mid $120s in mid March. Good luck!

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  19. The Fly

    DSB Says:

    Wrong Itchy & Scratchy.

    “with sincere intentions” was the phrase that decoupled Fly’s trading style metaphor, from his own personal wishes. If he had left that part out, then you would be correct.

    “The Fly” wins again, even when you think he is grammatically incorrect.

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  20. Phil_from_Brazil

    Shorting 3000 STC right here @ 14.71 – courtsey of Señor Fly.

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  21. sniper6

    not that it matters, but it’d be nice to see a monster.fucking.rally right now on my last trading day

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  22. Woodshedder

    Sniper, why the last day?

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  23. JakeGint

    Sniper — how long a tour? 12 mos?

    _________

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  24. alphalobo, what do you make of MLM. did you cover as it broke the tops it made?

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  25. DEVILDOG

    # Phil_from_Brazil Says:

    Shorting 3000 STC right here @ 14.71 – courtsey of Señor Fly.
    February 27th, 2009 at 1:05 pm

    You’re going to take a $7 pounding on that by mid March.

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  26. Itchy & Scratchy

    I stand corrected.

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  27. sniper6

    My job…reassignment, duration unknown at this time.

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  28. ??

    Devildog – you are looking for rally into March? What after then? Drop off cliff into April?

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  29. AlphaLoboTrading

    negative..I said short the upper channel line..I went short at 78.17…notice the chart and where the lines meet (lateral and uppper channel…that is the test area that I said to expect it to fail.

    http://alphalobotrading.blogspot.com/2009/02/mlm-down-channel-canal-bajista.html

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  30. kidstock

    I vote that GOOG replaces AIG in the DJIA. Seconds?

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  31. Cash-N-Guns

    the market will bottom when Dennis Kneale is beaten by a midget, and beaner transvestite pig Cabrera is caught blowing Barney Frank for an interview…odd no..CNBC should receive a Scud missile to the crotch.

    Long FAS – X – TNA from todays ranges..gods speed to me.

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  32. Phil_from_Brazil

    Devildog,

    Jakegint has nailed it.

    You’re clueless as a trader. You get bearish, the market holds up and rallies.

    You have been bullish for the last 2 weeks, and the market keeps dropping. I’m up just about 20% YTD right now without your advice.

    I’ll stick with what works: my very own brain.

    I keep being told by bullshit buyers that the market is too oversold for about 2-3 weeks now. I’ve seen intraday fluctuations of several hundred points along the way. But I’ve stuck to my convictions. And continue to bank coin.

    The trend remains down. I will continue holding my shorts until the DOW tags 6000. Good luck with your ape-like moves like shorting gold and buying stocks — moron.

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  33. AlphaLoboTrading

    correcting typo…short price is 77.17

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  34. JakeGint

    AlphaWolf — Your V buy indicates a $41 price… is that euros or something?

    ___________

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  35. Henry Fool

    PPT ranked My TOP 4 list w/ hybrid scores:

    SFLY 3.37
    APSG 3.81
    NFLX 3.16 pullback play so technicals score is low
    ODSY 3.17 pullback play so technicals score is low

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  36. AlphaLoboTrading

    Thanks JakeGint…I corrected to 58.00…I had to run out and had a piker friend put up the post…he no friend anymore..once again, thank you for the head up.

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  37. The Zombie

    The last book Jed purchased at Amazon.com was “How to become a plus-size model.”

    Both Jeds have man tits.

    The Fly is God.

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  38. sorry Alpha I misread your post on your blog. Came in Short a lot of shares of something I wanted to cover and was busy covering them. I shorted MLM very early. Will try to hold.

    Short from 74

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  39. The Fly

    CAB running with Gun Stocks.

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  40. Woodshedder

    Sniper, good luck to you. Send us a message when you get the opportunity.

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  41. joe plummer

    why do you think they call me joe the plummer? The average joe is merely the septic tank cleaner for the rich… and the media is merely their marketing/sales team trying to sell the “opportunity of a lifetime” when in reality the opportunity involves wiping their @ss for them.

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  42. sniper6

    Thanks, will do. LOL, I’ll send it in “fortune cookie” format!

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  43. Henry Fool

    CNBC couldn’t BREAK NEWS if someone dropped a vial of anthrax on the set.

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  44. Thunderpup

    Hey pup, take it from the BIG DOG as I don’t like to see pups get hurt. I’d cover that GS SHORT right now and wait until it hits the mid $120s in mid March. Good luck!

    Thanks for the advice, Dog. I really don’t see how GS gets to $120, but I’m holding if it does, and would add to it if so. I’ll be going under the knife momentarily, see you on the flipside.

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  45. Blow Up

    I feel that a great trader is born with the skills. Not a good trader. You can learn to be a good trader. I don’t clam to be a good or great trader but all my life I have been a lucky person. Ever since I was in grade school people would introduce me a this is Larry if he falls into the toilet he will beat the shit floating to the top. This gets me to the FLY I don’t give a shit theory. In a lot of odd ways I can relate to the crazy fuck. Take my last trade DXO. Sometimes when the market is out of wack I jump into the toilet stocks to see if I still float to the top.I
    do use stops etc. but the FLY is so quick he doesn’t float to the top [he just does an exit with his time machine so he doesn’t have to wash his hands].

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  46. Itchy & Scratchy

    You should never run with guns. Didn’t your mom teach you not to run with scissors?

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  47. go2mars

    http://www.breitbart.com/article.php?id=CNG.1c9410f52a65c5c99d8964a72b43ea22.8a1&show_article=1

    Can’t afford to do if for real? No problem. The europeans just put guys in a card-baord box for a year and pretend. I wonder if they have LED lights like a star trek bridge, and neat whooshing sound effects from the folks outside the box (who slide in cookies and samiches). Ughh.

    I guess they can take the money they save from not doing a real mission, and use it to make their economy flounder by rewarding businesses who deserve to die in jail.

    Mars.

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  48. Atlas Vicious

    POOF Devil Dog is incorrect again.

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  49. go2mars

    http://www.theonion.com/content/video/obama_win_causes_obsessive

    This is true, and hilarious!!!

    Mars.

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  50. TrderCaddy

    Good luck sniper6.
    Happy trading.

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  51. The Fly

    XOM finally getting what it deserves.

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  52. Phil_from_Brazil

    There’s no way that Devildog can make a living with trading. It’s just not possible. He’s ALWAYS wrong.

    I imagine DD as a spoiled trust fund baby who spends afternoons on the couch, sipping milkshakes in his Daffy Duck sweater and Mickey Mouse socks while day trading his mom-and-dad’s account and racking up million $ losses every year.

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  53. Jed

    The Zombie does a prostate exam on himself every 5 minutes.

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  54. Thunderpup

    Good luck, sniper.

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  55. Henry Fool

    APSG going…going…GONE!!

    still under 20 though 25 next week

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  56. Jed

    Exclusive footage of Zombie shopping. Of course, he prefers the pink one:

    http://www.youtube.com/watch?v=hhAoFajC3Qw

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  57. Henry Fool

    The PPT really FUCKING WORKS!

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  58. sniper6

    thanks all, good luck to you as well
    & happy hunting

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  59. The Fly

    Of course it works, I fucking invented it.

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  60. AlphaLoboTrading

    why not offer a 3 day free trial? not everyone has deep pockets you know.

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  61. sniper6

    are we about to BTFO?

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  62. Henry Fool

    Deep fucking pockets!!!

    How can you trade at all if you don’t have deep fucking pockets?

    That’s what it’s all about “DEEP FUCKING POCKETS”

    Don’t worry about the PPT if you can’t afford 1 month.

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  63. The Fly

    Alpha:

    I understand that you are curious and want to make sure that the product is good. However, from my point of view, I want to establish an elite trading forum, where all of the circus clowns are uninvited.

    Aside from the tool, i assure you the environment is much more serious and the information is invaluable.

    Moreover, I am against free trials, since I am not a huckster.

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  64. Henry Fool

    Fly:

    You actually should do a mass market free period. Those who test drive wouldn’t be able to give it up after a free week.

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  65. jingle

    That’s a good question…
    market about to BTFO or BTFD (that’s be down)…

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  66. Whimpy

    Fly,

    I would gladly pay you Tuesday for access to the PPT today.

    W

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  67. go2mars

    Phil from Brazil.

    Don’t be an asshole.

    Mars.

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  68. brian

    the Dog is a chick…u diden’t know she lives in OKC

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