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
23,445 Blog Posts

Quick Note From the Desk of The Fly

My 100% cash position is worth far more than your bullshit longs and definitely worth more than your shorts.

Chew on that, rabbit raper.

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64 comments

  1. JakeGint

    It’s your 100% cash position that’s doing the chewing, bunny bystander.

    ___________

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  2. Mushroomz

    I would like to hear more about your cash position Fly.

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  3. Anton Cigur

    I would like to hear more about why you got thrown out of PETA.

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  4. JakeGint

    Whatever you do Fly, DO NOT look at the price of earl.

    At least, not until after you’ve had your dinner.

    ___________

    LOL @ shroomz & Anton.

    _____________

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  5. weed

    worst post ever you whore

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  6. The Fly

    Shut up. This is the best post ever. Jake needs to respect the cash, especially because he and his wad will be separated shortly.

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  7. The Fly

    UPDATE: RESPECT THE CASH.

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  8. Stool

    Hey fly didnt your cash take a huge dump on your face today??

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  9. Anton Cigur

    Regarding high end auto auctions and the joy they bring, a guy in my building just picked up a Ferrari in a similar “distress sale.” Until now I’ve never seen him drive anything but a Prius and an old Toyota Land Cruiser. Just always wanted a Ferrari.

    I’m told that the bottom of this go cart scrapes the entry into our garage every time he goes in or out. Absolutely the most impractical car ever for a city of hills and constant road work. But I know he has fun driving it on the highway.

    For some reason this comment wouldn’t post on the previous thread.

    PS to generational be-yatch: Go fuck a Fram oil filter.

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  10. Junk Spread

    So, Fly. I’ve heard you’re in cash. When are you planning on getting of the fence and taking a side? Are you waiting for something? More green fucking shoots? Me, I’m clinging to my DXD and SKF.

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  11. DPeezy

    lol, Anton…I’ve always wondered who would ever buy those Ferraris/Lambos displayed in that window (of what I’m assuming is/was an exotic car dealership) on Van Ness.

    You need a damn 4×4 with a lift kit to navigate your streets.

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  12. The Contractor

    Bernanke is hard at work to make sure it’s not.

    And as of this afternoon it got a little less valuable.

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  13. Anton Cigur

    DPeezy,

    Yeah, that joint sells Rolls & Bentleys, too.

    No kidding, but a month or so ago I was filling up at the Chevron station @ Cali & Steiner and I heard what I thought was a turboprop airplane engine starting up. Looked up and this kid is trying to back a screaming yellow Lambo out of an apartment garage made for a VW Beetle.

    His girlfriend is trying to help, yelling to be heard over the engine. He’s lurching out onto the busy street, obviously unfamiliar with the clutch and million hp engine.

    Hilarity.

    I figured him for a programmer who hit it big with some iPhone app and started buying toys before the lease on his first post-college apartment ran out. He’ll pay for a Lambo but damned if he’ll walk on that apartment he’s stuck paying for, lol.

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  14. cashless

    cash is for pussies!

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  15. E8

    Ahhhh …. so that’s how Fly gets around so fast:

    http://www.terrafugia.com/

    Terrafugia? Isn’t he on CNBC?

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  16. pptnotabuy

    Sure i’ll be a ppter

    Fly left 100K on table with TNA sold at 14

    And today bought SRS before Fed rally

    yaaah — the master at work

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  17. scam basket

    My 100% cash position is worth far more than your bullshit longs…

    Would that aforementioned cash be usa dollars by any chance? Funny.

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  18. FLY MISSES RALLY…. WIFE LEAVES HIM DOG BITES HIM AND STEVE THE NEIGHBOUR LETS HIM MOVE INTO HIS GARAGE….

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  19. Gold Bricks

    Cash is worthless……..unless its spent!

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  20. GonzoTrader

    The Fed buying T-bills is like paying off your MasterCard with your Visa, this is the signal that all hope is lost and no one in their right mind is willing buy our bullshit any more. The fat is in the fryer now boys. We are bankrupt and this is the last few gaps of air, enjoy it while it lasts.

    How can stocks go up on this news? We have fixed nothing, nothing has changed.

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  21. so i herd you liek mudkips
    so i herd you liek mudkips

    i have no way of saying this without coming off snarky (even though that is not my intention), but: cash is a position, and it got assreamed today.

    of course, holding cash could not be blamed, as bernanke’s decision came straight out of the crazy-farm (whose primary crop is apparently money trees or some shit)

    (also, if you think cnbc is bad: check out fox business)

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  22. Joe

    Folks, the bear market might just be over. I will take some “nice” loses on my short positions in the next few days and position for a multi month long rally in gold, silver, oil, emerging, agricultural…

    The REFLATION game might have just begun in earnest. All the boats will get lifted, including… yes, the housing market. Well, maybe not all assets; Fixed income shit will wither away along with SS income and…you get the idea. Let the market action in the next few days confirm this and pull the triger and take a nice, long paid vacation!

    http://biz.yahoo.com/ap/090318/fed_interest_rates.html?sec=topStories&pos=main&asset=TBD&ccode=TBD

    Fly, your story sounds very simmilar to mine. My branch manager also was an Irishman, was very nice to me though. He is still in business at UBS and I am on my own. Also, I was the hardest cold calling motherfucker you’ll ever meet so I did earn good money from get go. I did it a few years earlier than you and cold calling was easier in the early to mid 90s. By mid to late 90’s every firm was hiring 10 rookies a quarter, threw a phone book at them and told them to keep the phone so busie that their phone would never get a chance to ring.

    JakeGint, I got you wrong, I appologize. The Irish joke you posted was the funniest joke I’ve heard in a very long time. LMAO for good 10 minutes and than shared it.

    GLTA

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  23. Aris

    i’m about to trade some reserve currency for a pint of ice cream and go long a spoon.

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  24. my oh my

    Fly sitting in a short term treasury MM drawing .19%. Tsk, tsk.

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  25. DEVILDOG

    Fly, your cash sucks. My longs are kicking your ass and will continue to do so through Friday before we get some retracement. Must suck to be stuck on the sidelines waiting for a lower entry while everyone else is banking coin. Gotta go now and drink some Booker’s.

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  26. Buckeye  Bob

    Anyone think Asia going to fall apart tonight?

    BTW, I was one of many who tried to catch that damm falling knife. Cash looks pretty good to me now.

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  27. AI

    You cash is getting devalued everyday via Bernake printing presses ……. and even thought TLT went higher that is the knee jerk reaction we all know only amateurs play knee jerks

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  28. JakeGint

    Dawg- enjoy that Booker’s (rocks?) but be sure not to sit down, as you may inflame that whip weal my Gold positions cracked across your ass this afternoon.

    Hope you closed out that DiZZy shit.

    ___

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  29. J

    PS to generational be-yatch: Go fuck a Fram oil filter.

    “Eractly”. Fucking guy is specking stocks and then tells people they should be driving a Prius or whatever their freaking called.

    Seriously, I would rather suicide than drive one of those heaps of shit (Prius).

    Fly, please ban anyone on this site that drives a Prius (like Tim Knight does).

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  30. weed

    “dats de cash you could be riding FAS wif”

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  31. The Fly

    Shut up. I did not buy srs today. I bought nothing dick lover, since I am 100 cash.

    I am letting you retards have fun in this phantom market. I will step in and short the shit out of this tape when the time is right.

    I don’t care about leaving money on the table– losers. I can make money any time I want.

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  32. I can make money any time I want…..pssst wanna buy a
    ppt subscription……

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  33. wiglebot

    With the dollar going down and stocks going up, cash is the worst thing. My gold is looking good.
    I also went 100% debt free in my yuppie neighbourhood contrarian play.

    Bernanke will print money until deflation turns making assets worth millions and cash worthless. But as of now, printed money is vaporized.
    .

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  34. arnoldsimage

    http://www.youtube.com/watch?v=3OXMRXM0Qmo

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  35. weed

    Cool thing here is I’m one of the dinos from the early inet days and know how to do the retard buy click…this will serve me well in the coming month.

    The bitch Mother market is back…try and get in her way and she’ll donkey punch your taint into oblivion.

    I’m bored with bad news…spring is in the air and the retarded kids are playing in traffic.

    the Fly sits in his upstairs window and plays his violin atop his paltry 20 % ..soon the market will trounce his yearly gain and he will wear the footy pajamas of the underperformers…His whores will get out of pocket and quench their daddy issues with a new pimp.

    this is one possible outcome

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  36. The Fly

    STFU retard. I am not taking my money and going on vaca. U.S. dollars in the U.S. is a moot point.

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  37. weed

    the fly is a pussy

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  38. The Fly

    Weed:

    Your mother is a pussy.

    Quit bashing my style. I have a fucking game plan. Fuck off, ass fucker.

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  39. Anton Cigur

    No, no. gen-b needs to mind her own business, but the Prius is not the POS I expected. There are several that are taxis out here and I was amazed the first time I rode in one. Lots of legroom in the back for a small car, didn’t seem to whine going up steep hills, etc…. Not my thing, but interesting for a cab ride.

    It’s the self-righteous bullshit about a guy buying a Ferrari I can’t abide.

    Life is short.

    _____________

    “Whip weal” ha!

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  40. weed

    not bashin your style ngr..I like you fine…I just don’t see why you can’t play small and have fun.

    Your fast stochastic of personality seems to be crossing under the slow one as you idle in fear of being wrong.

    Good luck with picking the top…I’ll get off when it turns down and join you.

    Be like water and quit being a faggot

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  41. ShittingGold

    Fly, You sound like a fucking 12 year old schoolgirl with your come-backs. STFU, sit on your cash, and have fun watching everyone make money.

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  42. weed

    fyi…the fly is a cunt for bashing idiot countertrend bears since he rides the pine and has no balls to partake in one of the greatest times (inflection points) in the history of the stockmarket.

    instead he mocks while stoking his freddy Prince Moustache with his left hand while pinching a nipple with the right.

    hats off to ngas rockin out with their cock out long and short.

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  43. Treepart

    Come on Broker. I’m here to watch the maestro work his magic, not sit on a folding chair eating a ham sandwich.

    Even a Flounder picks a side and goes with it.

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  44. The Fly

    Fuck off dick licker. How’s that for a 12 year old response?

    You fuckers can go watch jerkoffs blow themselves up on twitter if you want ADD addled trading.

    I play chess here.

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  45. JakeGint

    Anton, I’d quibble, here regarding the old goat’s comments…

    Wishing that the government come and take your neighbor’s property because you are either jealous, or have some random self-created personal wealth limits you’ve decided to impose– unilaterally– on the world is not “self-righteousness” per se.

    Rather, it’s “evil.”

    ____

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  46. The Fly has his cash sitting in a high interest(4%)ING savings account.
    The Fly wins even when he appears to be losing…

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  47. Atlas Vicious

    The fed is breaking every free market rule out there, and they are doing it in the open. I wonder what they are doing behind the scenes.

    Basically this means that nothing matters, they are desperate, and we are all fucked. Some to a greater degree than others.

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  48. J

    this is a very, very angry thread, fly, start another and hope we all calm down a little.

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  49. dave

    This is going to end very badly.

    I’m off to participate in some clam jousting.

    Fan out.

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  50. Anton Cigur

    “…it’s ‘evil…'”

    And banal.

    Tho not necessarily spelled with the “b.”

    This IS an angry thread. Good wine and dinner always makes my anger recede like the polar ice sheets and Uncle Ben’s hairline, however, so I will bid you good gentlemen and gentlewomen a good night.

    You other fuckers, too.

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  51. Atlas

    Fly – how many times in your trading career have you gone to the sidelines for this long?

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  52. Whatever

    Fly,

    “I play chess here.”

    Don’t you mean “I play chase here.” It seems to be your style from what I have seen…

    Chase on!

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  53. My 100% cash position is worth far more than your bullshit longs

    ////
    lol….

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  54. Aris

    the prius is a good car!

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  55. Atlas

    The Chinese were nervous about their investments “US Assets” last week? Wonder how they feel today.

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  56. Junk Spread

    What’s with all this populist bullshit from the bleeding heart “outraged” by the actions of Ed Liddy. If I have to hear the words “outrage”, “outrageous”, “outraged” or any other such form I’m gonna crush someone skull with a piece of aluminum siding. All this guy did was honor the contracts in place. Was any of what they did illegal? I didn’t fucking think so. Yea, the place was in shambles when he came in. Yea, if it failed it may have taken down the better part of the world economy. The fucking guvment rammed the money in. They didn’t have to. Now they’re “outraged” by the egregious actions of one Mr. Ed Liddy. Those fuckers should shut their damn pie-holes… There. That felt better…

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  57. Buckeye Bob

    A little confused by Asia’s reactions tonight. We essentially just devalued the dollar and most of them are powering up. Any thoughts.

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  58. GoldenNuggets

    Hey Fly,
    Here is the definition of Chess:
    “Chess is a recreational and competitive game played between two players.”

    What you’re doing, is called masturbation…..”playing with yourself.”

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  59. GenerationOilBottom
    GenerationOilBottom

    Anton Cigur Says:

    Regarding high end auto auctions and the joy they bring, a guy in my building just picked up a Ferrari in a similar “distress sale.” Until now I’ve never seen him drive anything but a Prius and an old Toyota Land Cruiser. Just always wanted a Ferrari.

    I’m told that the bottom of this go cart scrapes the entry into our garage every time he goes in or out. Absolutely the most impractical car ever for a city of hills and constant road work. But I know he has fun driving it on the highway.
    ****************************************

    If the cocksucker wants to have “fun on the highway”, he can go ride a fuckin bicycle at
    7:30 AM on a Friday morning in the middle of
    I-75 in Atlanta.

    And to fuckin’ Jake: I HATE arrogant pricks who flount their wealth when they inherited it, or made it by fuckin’ others. They are NO GOOD PRICKS and deserve to be taxed out of their worthless showoff existence.

    You don’t see Warren Buffet driving $500K cars that scrape bottom. Warren is a MENSCH.

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  60. 308

    maybe this was already posted.. not sure, but whatever, March Madness Iphone Streaming App…

    **CBS Sports NCAA March Madness iPhone App

    Isn’t technology wonderful? Starting on March 19th, the CBS Sports NCAA March Madness On Demand App ($5) will be streaming every game from the tournament right to your iPhone. As long as you have a Wi-Fi connection, you’ll be able to watch the games anywhere — at the office, in line at the coffee shop, or even at home when it’s not your turn to run the remote. And if you stray from the Wi-Fi, all is not lost — you’ll still be privy to the CBS Sports’ live audio broadcast over the iPhone’s EDGE or 3G connection.

    http://www.uncrate.com/

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  61. Sierra Water

    I called the bottom of this market on 3/11 near the close of the trading session. All called out on platinum chat on TcNet. I gave a 30% upside target on the major indices by Easter. For those of you who think we are on the verge of a major long term bull trend reversal… you have no fucking clue what we are entering into and we be swallowed in due course. This shit is in the 3rd inning. You best recognize..

    http://www.charlierose.com/view/interview/10153

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  62. charlie munger

    good ole boy warren is a fuckin vulure socialist (opm). just ask any business owner that he bought out. he never rescued anyone. he only offers water to the dehydrated dead.

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  63. Contrary Indicator
    Contrary Indicator

    Hey Fly, did you not read the news today? The Fed just devalued your bullshit dollars.

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  64. PRICERUNNER

    FLY you have this blog shit down pat. Do they know you are making money from the hits you get from them busting your stones being in cash. I’d say the FLY still wins. Just a thought the Dow now looks like it is trying to go to 7800 instead of 6500. Who gives a fuck I am the PRICERUNNER and make money up or down. Not trading today. Option Expiration Day.

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