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

Fuck You Bears, You’re Dead

Coming soon to iBC, “Fuck You Bears, You’re Dead” funeral cards.

I’m bored. I don’t feel like schooling you fuckers any longer. It is just too tedious. Instead, I will talk to you all like children. If you understand what I am writing, nod your head (pause).

Good.

During most of the day, I was busy slapping people with hot slices of pizza, while chomping on sushi—until the fucking bottom fell out of treasuries. Into the gold bonanza, I sold out of my NGD position. And, at the end of the day, I added to ENTR, FTK and initiated a new position in GME.

From what I understand, GME is NOT accounting for a likely price reduction in the PS3, by SNE. With that in mind, I believe GME is sandbagging and will easily beat next quarters numbers. If Sony announces a price cut, which is likely, GME will run. Write it down.

Bottom line: you fucking bears are pathetic: you suck cockles. Go stick your heads in quicksand, with some FAZ certs sticking out of your back pockets, and call it a day.

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44 comments

  1. DownTick

    FIG!

    I’m liking the action in DRYS here. Trendline bounce, 1.1M shares already traded in AH. $10 here we come.

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  2. isay

    In fact, the S&P is still in the channel and trending up on the 50 day vwap.
    Why fight it till it turns around.

    GME Thanks for the analysis Fly.
    It is not a redheaded stepchild.
    Games are to be respected in this economy.

    I am holding Gld for a little longer. 95/97 range

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  3. jg

    gaming rules

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  4. gappingandyapping
    gappingandyapping

    I had a good day considering the indices. Look at WPRT zoom higher by 8+%. I picked up a lot of UNG, some GME and even bought some DRYS early this morning. I am worried the bears were no able to finish the job today, the retest of 878 was successful but for how long who knows. If this bond story gets going like Chivas said we could be in for a world of fuck.

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  5. chivasontherocks
    chivasontherocks

    10 yr, high of the day at 3.38%

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  6. isay

    I liked the WPRT story and got some the other day from you or ottnot. Props so far.

    I am now going to read Jesses blog for a few minutes(and wonder why I am not building a storm shelter to fend off the coming Zombies), mow grass and then watch the Nuggets claim their place in history while drinking a Heinekin boilermaker or two.

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  7. alphadawgg

    There’s a nice combo, pizza and sushi. Yum! (gag).

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  8. The Fly

    SHLD Sears Hldg beats by $1.26, reports revs in-line (50.19 )

    Reports Q1 (Apr) earnings of $0.38 per share, excluding non-recurring items, $1.26 better than the First Call consensus of ($0.88); revenues fell 9.2% year/year to $10.05 bln vs the $10.06 bln consensus. Gross margin was 28.6% vs 26.8% First Call consensus. “In this challenging economic environment we are pleased with the progress we have made in improving our gross margin rate, controlling inventories, and further reducing our cost structure. Our efforts had a clear impact on our overall results, as both net income attributable to Holdings’ shareholders and Adjusted EBITDA increased significantly during the first quarter as compared to last year.”

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  9. Donny

    Many have gone mad. I cannot believe some of the idiocy I’m reading in here lately.

    I’m reading shit of clowns bragging about buying Bank of America in after hours for 10-11 dollars, then insisting the POS is gonna go up 20% the following day. LoL I once bragged about my position in BAC too, but my cost was $3.93. The self pleasing cocksucker can attest to this.

    We see a couple of more shitty days strung out like today & yesterday, and the psychology will be broken, and then this market will head right back to the shit-hole. Bank on it!

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  10. 3B

    888 is good luck, in Asia.

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  11. gaga

    888 is good luck, in Asia.
    ————-
    yea, but see as we rallied from 666 which is not exactly a good luck in west, we are going to go down from 888 which is good luck in asia. it is all reversed you see

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  12. J

    I sold out of my NGD…

    Doh! I feel tonight’s blog post coming on…

    I must excrete!

    _______

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  13. 3B

    …yea, but see as we rallied from 666 which is not exactly a good luck in west, we are going to go down from 888 which is good luck in asia. it is all reversed you see

    666 is the perfect number, the DEVILDOG number. 888 is some half-baked homo china-tarded number.

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  14. JakeGint

    Damn this hair trigger keyboard… that was me above.

    ___

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  15. JakeGint

    Gappy, that is very odd, no doubt.

    Could be sisters. Even twins.

    _____

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  16. gappingandyapping
    gappingandyapping

    Jake you should see the other picks,

    http://www.albertastars.com/posts.php?forum=15&topic=1758

    These however are NOT safe for work.

    Looks like fast money is finally acknowledging the bond issue as it relates to screwing the housing recovery.

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  17. CRM

    was CRM’s release that bad? at a first glance looked ok..

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  18. 4fl3x

    Master Fly,

    I shorted from 870 up to 930 and I am back to 90% cash. Now I am very tempted to buy the dips and join the hoopla. Doesn’t this scare you?

    Thanks for bringing GME to my attention.

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  19. gappingandyapping
    gappingandyapping

    So do you yawn at Bank United going down?

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  20. Rubber

    Fly, I am with you buying FTK even I don’t know why, are you prepare to double down if she goes down?

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  21. GnozoTrader

    Fly,
    A gap trader?

    GME nice…

    another big gap trade ZZ

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  22. gappingandyapping
    gappingandyapping

    Gonzo: Fly has liked GME for years and owned it for years, a few days ago he spoke of the playstation play and that’s why is he buying it on fundamentals, not because of gap I believe.

    On another more important note: I have the sound down right now just pumping some HipHouse but it sure looks to me like Cramer is blaming Obama again? Does this man blame Obama every time he is wrong on the market going down? I mean I fucking despise Obama’s agenda, but Cramer grow a pair and admit you fucked up shit monkey.

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  23. JakeGint

    Boomer just signed this new country group with their hot new patriotic hit song challenging the terrorists …. Go ahead, Bomb New York!

    __________

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  24. Chuck Bennet

    Seems like I can’t win. My SRS and FAZ do nothing for me. If the market went higher today then I bet you both these shit would have went straight to zero.

    Then again I am still up rather nicely on NUHC.

    regards

    chuck

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  25. sleepynaptime

    Gap,

    I’m just wondering why they shuttered BankUnited on a Thursday instead of the usual bank-closure Friday. Were they afraid of letting the markets have a three day weekend to think about it? Was the situation so dire it couldn’t wait another day? Is that implication supposed to calm the markets? Does anyone have another reason for doing this today?

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  26. Ballacks O'blabla
    Ballacks O'blabla

    Did I do that?

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  27. The banks are printing money with the cost of money near zero and they invest in treasuries for maybe 3%. Bernanke will buy treasuries if the ten year nears 3.5% and knock it back to 3% or less. The TED spread is back to 07 levels. We are nearer to the end of this crap than the beginning but there is no boom at the end – just malaise. Proceed with caution.

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  28. JakeGint

    “Bollocks O’Blah Blah” — oh my gawd that’s gold!

    ____________

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  29. E8

    Some dry-bulk shipper news:

    http://www.reuters.com/article/marketsNews/idINBNG46669320090521?rpc=44

    Keep on eye on DRYS in the morning, they just did an ATM placement …. Does Danny get a fee?

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  30. Anton Cigur

    Notes from the third-tier:

    Kass – A Sideways Correction?

    http://www.thestreet.com/story/10504082/1/kass-the-sideways-correction.html

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  31. MOOBS

    Nice find, Jake. I’ve passed it around.

    Is there any late night chit chat over in the PPT? I miss those wee hours witticisms.

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  32. mrkcbill

    Lighting Call To Cramer: Booyah Jimmy…How about that Texas Rodehouse is this thing just gonna sit here at $11….Texas Rodehouse I got that one wrong and I apologized for it…I don’t like it here I want you to get out of Rodehouse and go with CRACKER BARREL.

    The only thing that would have made this better would of been for him to say that in a Chris Rocks voice “and go with CRACKER BARREL.”

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  33. JakeGint

    Boom — aren’t you already a member?

    I don’t think there’s as much as there is here. I’ve been trying to get to bed on time, m’self. New strategy for better living, etc.

    _______

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  34. gappingandyapping
    gappingandyapping

    You dumb fucking idiots asking about guns in national parks are so fucking small minded that you don’t understand shit. Look you, you don’t go into the forest without a fucking gun or knife period. People that do that are the ones you see on the news that waste our fucking money having us helicopter search for their worthless ass. If you can’t understand that then you have never been in the forest and probably have never left the city.

    And why the fuck are you making it easier for people to miss credit card payments? Fuck can’t you pay your shit on time in full? If not then you don’t deserve a credit card. Look if you don’t pay anything on time you get a late fee and you become a higher risk debtor. I just don’t understand what goes through these people’s heads. Fuck. No wonder you’re sitting in the chair that you are. Let me ask you a fucking simple question, nod if you understand me. If AT&T misses a bond payment then their rate goes up due to their credit rating taking a hit, what makes them any different from you? Why are you so special? Get it? Didn’t think so.

    Alright off to discuss convertible arbitrage strategies with my thinks he knows it all neighbor, this should be high larry us.

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  35. JakeGint

    Well, tonight’s post is really about the ramping (redacted) markets, but I was also doing a little research on Detroit today and…Oh Shit, They’ve Killed Robocop!

    __________

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  36. j

    Hey jake:

    You seem to like football.

    If you like American football I think you could quickly be turned to Australian rules if you were living here as its the fastest paced ball code in the world.

    Watch this vid. He’s an aboriginal player with a South Australian side.

    I think you’ll like it.

    http://www.foxsports.com.au/afl/video/0,,AFL%20News_6305,00.html

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  37. JakeGint

    Very familiar with Ozzie rules… and I played rugby for about a decade, so yeah, I like ’em all.

    __________

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  38. C. Dundee

    J—–that video is restricted to Oz only. G’Day. PS, aren’t you supposed to be learning Mandarin?

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  39. C. Dundee

    j—-Did you know that Fly is an aficionado of Lacrosse? This game beats Oz football. Fly was quite a player too …..in his day.

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  40. JakeGint

    That’s a lie, Fly was a pitcher.

    Same season.

    _______

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  41. Rising oil price is maybe going to nip this recovery in the bud. Incompetents in Nigeria and Mexico and Iraq are responsible for losing maybe several mb per day in world production. Aholes. Start restricting imports except from Canada by several percent per year and end all drilling restrictions in the USA is the solution for energy independence and alternatives to oil. Too simple and no government involved is the reason it will not happen.

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  42. ToddinFL

    Lots of knife catchers around. And averaging down in positions that are under water ? Hmmmm … That’s usually a recipe for losses.

    Don’t over think it.

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  43. Goin'Fawr

    RE: “What if Ur Wong Says:

    I see you’re all wong today! I notice none of the bulls today are bragging about how much coins they’re banking. Whatever happened to xoma, ung , ng, and other garbagio stocks? So what if you’re wong, it’s ok! Bull crucifixation is long overdue.

    May 21st, 2009 at 3:44 pm Vote: 0 0

    Goin’Fawr Says:
    My error, RE: “NG:sell”. That should read “I’ve sold my NG”. You please yourselves…
    May 20th, 2009 at 12:05 pm

    Way ahead of you Wong.

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