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
23,410 Blog Posts

An Update of Sorts

I wanted to take a few minutes out of my Godly day, in order to update the proletariat, as it pertains to my ongoings. There is much said on these hallowed grounds, most of which is nonsensical and better suited for the stairwells of inner city public high schools.

As much as I cremate you, via outstripping your market performance, I do appreciate your presence. After all, if you were not here to read my unearthly prose, I’d be talking to myself. Come to think about it, that’s not a bad idea. It may bring peace and rubber walls into my life.

Enough with the teary eyed soap opera jargon. Here are some of my fucking positions (randomly placed):

ALU, CROX, LVLT, CAVM, STAR, NVLS, TBSI, OVTI, ASX, CECO, ARUN, CDNS, JDSU, SRS, FXP, FAZ

My approach is simple: take profits when the voices in my head tell me to sell. And, add to current positions or initiate new ones whenever I see my shadow, while relieving myself at my favorite urinal.

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43 comments

  1. Cash-N-Guns

    in a bizarre turn of events i now think in true Costanza style the fucking banks are about to Zoom to the upside..thoughts mates..? buying FAS right here.

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  2. j

    You sold out or never had CY?

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  3. XLF

    XLF is being so fucking manipulated today.

    unfucking real. They will not allow it to go red. when it gets close to being up only a penny or two, the cock suckers start ramping GS to get it going.

    This market sucks Erin Burnetts dick.

    FUCK THIS BULL SHIT FAKE FUCKING MARKET

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  4. ballZ the Bull Impaler
    ballZ the Bull Impaler

    CNG, that’s exactly what they want you to do. Don’t support these sheisty banks. They should all be interrogated via waterboarding. Shit actually works, give it a try if you don’t believe me.

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  5. Zip McDingle

    I just can’t imagine that the Gov would allow the stress tests to say anything negative – essentially they know anything worse than a PG-13 rating will send things spiraling, so they’re going to get all cartoon network and proclaim “more capital than necessary for the majority of banks blah blah blah”.

    I like holding FAZ/SRS into 3p, and selling prior to the close. Potentially initiate a long financial position between 3 and 4.

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  6. InnerCityHighSchooler
    InnerCityHighSchooler

    Whatz up Fly? We is smartr than u theenk. So pleaz due not insult mi or my budz.

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  7. Cash-N-Guns

    low priced acceleration to upside- financial transparency play…EDGR..heading to 2.49..?

    Dennis Kneale should be dipped in kerosene and lit a fire on set…good tv

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  8. francesco

    take care fly as a short cicle may be gun you

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  9. j

    Why Cash. What’s your thinking here? Isn’t it all dependent on the digital prostate test.

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  10. The Fly

    sold cy a few weeks ago

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  11. While uptick rule & shits are on , the market still need to sell some of the previous rally euphoria , and it needs too so will he will do

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  12. Cash-N-Guns

    hearing their(EDGR) platform known as XBRL will become standard and required…supposedly they are having a huge sales increase-comes from good source, but no guarantees..just sharing..i did buy some. Financials acting strangely solid here as well

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  13. Madison

    Looks like WFC up 8% is holding the line for the markets today.. any bets on if it will it fold into the close?

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  14. Mushroomz

    Hey bears, fuck you, you are dead.

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  15. Also holding ALU, LVLT and CROX

    How do any of you pikers not live in the realm of the PPT yet?

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  16. TheArtist

    This day is boring…..I’m done, going to get out of here and go for a ride on the old hog. beautiful day here in central NC.

    you fuckers have fun.
    eat a few bananas.

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  17. The Fly

    They are pikers. Remember that always.

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  18. The Fly

    Off to do some crazy shit. Wish me luck!

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  19. Wilt Chamberlain
    Wilt Chamberlain

    TheStreet.com baby!

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  20. Sully

    Cash-N-Guns…I think there is a better chance of seeing you in a threesome with Michelle Obama and Maria Batiromo than seeing the banks rip higher here.

    Sully

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  21. ballZ the Bull Impaler
    ballZ the Bull Impaler

    mushroomz, fuck you! don’t know what kind of shroomz you’re doing, but this market is dead. Given how mother market chooses to ignore all the negative economic news and churns higher is astounding!

    Once this government clown act is over, the only winner left standing are banks and will always be these sheisty bankers.

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  22. SteveTheNeighbor
    SteveTheNeighbor

    Still holding WCM (WorldCom), InfoSpace, Freeinternet.com, and some tulips from the Tulip Bubble in the Netherlands.
    When did my LU become ALU? Should I have done something?
    I better ask my neighbor Fly.
    Also what do I do with this box of sock puppets?

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  23. j

    Anyone been keeping up with the Ken Lewis/ Paulson/Bernanke transcript where Lewis says the other two jokers made him buy Merrill.

    http://online.wsj.com/article/SB124050112892948367.html

    Fuck the guy is a dishonest piece of shit. I can’t believe this dick is running the largest US bank.

    He says in the testimony that Paulson and Bernanke made him buy Merrill: forcing Bof A under threat of firing him (Lewis) and the board if BofA went public and called a material adverse event and stopped the purchase.

    If Lewis had the shareholders interest at heart: he along with the rest of the board should have resigned en masse and refused to sign the deal if it was going to adversely effect the shareholders.

    This fucker may or may not be lying as we just don’t know what happened in the conversations, however what I do know is that both he and the board have a prime fiduciary responsibility to the shareholders and if he couldn’t carry out that duty they should have turned it in.

    I truly hate Lewis and I hope he gets a serious fucking at the shareholder meeting. This guy deserves to be in jail and fed rotten vegetables for the rest of his life.

    Fly.. Lewis deserves the asshat of the month award for this testimony alone.

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  24. Henry Fool

    Hold on to your hats bears!!!

    Comin ta get ya one more time

    SFLY still large
    DVAX still large
    micro caps SOL,CFK,ANCI

    MBND fav low float microcap bullshit express elevator to banking coin

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  25. j0sh1ngU

    well i cant wait til you lose your hat

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  26. Henry Fool

    This fool doesn’t mind being so bold as to man up. Therefore I implore you to buy SFLY under 11 here so you may bank coin with me in short time!

    carry on.

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  27. Razcane

    Henry
    Why do you like DVAX so freakin’ much? They had one pointed arrow up run for about 1.5 hours ONE DAY!

    What do you think you know?

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  28. SecurityatKatz'sDeli
    SecurityatKatz'sDeli

    Somebody come over here at Katz’s Deli and pick up some guy named Fly. He said he was going to do something crazy and he is inside the Deli re-enacting the Sally part in When Harry Met Sally. He is scaring away our lunch crowd.

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  29. Asshole Dip Buyer
    Asshole Dip Buyer

    It feels good to be back.

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  30. Goin'Fawr

    You all bought NG when POG jumped the $900 tipping point, right? Next pivot at POG $910 or so…So very very sorry you were so very very wrong DevilDog.

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  31. Henry Fool

    My hat will be predominately made of cash by the end of week up some 25% on the year.
    the 40% or so I hold and or reposition into various smaller sized positions will secure a prosperous spring for me. Time to enjoy some nice weather!!

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  32. Henry Fool

    here come the breakouts!!

    again!

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  33. the prof

    amzn short position now more or less in the money @79.86 average… Maw moving back and forth on the rocker a bit nervously, got to tell the old lady to calm down, the farm is already paid for.

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  34. gappingandyapping
    gappingandyapping

    This boring market will get you in trouble. With support broken now I don’t want to make any large directional bets as a boring market will cut your fucking balls off, southern fry them and feed them to you one by one.

    If I didn’t give a shit I would say long DXO and long FAZ.

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  35. SatanicChihuahua
    SatanicChihuahua

    the prof:

    The “SatanicChihuahua Retirement Foundation” is a worthy charity.

    Just sayin’.

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  36. charlie

    How’s that $FAZ from 9.75 joshtard?

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  37. Mushroomz

    No no, fuck you. Short sellers kicked the banks when they were down, and now they will get their faces blown off.

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  38. ballZ the Bull Impaler
    ballZ the Bull Impaler

    shroomz, you’re retarded! Banks are up because they’re inflated. This whole bull run is a set up and orchestrated by government and their asshat constituents!

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  39. TraderCaddy

    Psycho market.
    Done alright daytrading long XLF and shorting IWM.
    Something doesn’t smell right.
    This much I know. NEM is a piece of crap. Gold goes up and it can’t get out of it’s own way.

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  40. ballZ the Bull Impaler
    ballZ the Bull Impaler

    Shorts listen up! We need to band together and build momentum! If you’re tired of getting your ballZ squeezed black and blue by this market asshattery, then continue to short. I want steak for dinner, goddam it!

    I like to pave wall street with a red carpet made of fresh bull blood.

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  41. isay

    Good call Ballz
    It is the inflation bubble. Play now pay later. So it beats S&P 500 or some shit or at least it puts it off for a while. Make your money while you can.
    Banks are inflated and hiding shit and not being honest. The guy who killed himself or was killed, was staring into the abyss, as the piper will need to be paid soon.

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  42. ballZ the Bull Impaler
    ballZ the Bull Impaler

    Seriously! These lying banks are claiming they’re making credit available, meanwhile they’re really not. When they are they’re charging ridiculous fees. Did Ken Lewis say a big part of their quarterly profit came from MER? If MER had that kind of profit potential, then why did they need to be sold?
    and shroomz, fuck you you’re dead!

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  43. j

    fly get on twitter this guy name kunal is taking credit for all your stock picks and people think hes a genius the bastard takes all your picks no joke bro

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