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

Tuesday Morning Bowling

Pardon my tardiness, I’ve been busy throwing civil war era cannon balls at my enemies. You may think the market is up due to some event or important press clipping, but you’re wrong. Just turn the noise down a decibel and listen very quietly: YOU’RE AN IDIOT.

That’s all, nothing else to talk about or explain. Some people are meant for greatness (example: “The Fly”) while others were predesigned to work in sweat shops or wash dishes at 5 star restaurants. See pal, you’re washing my dishes, because you failed to heed my warnings. Don’t you see the poetry in that, you fucking vagrant?

Boy am I good.

As indicated in iBankCoin Wealth Strategies Report, Volume #1, I bought a little ATML; but shall wait for a pullback, prior to buying anymore chips. For all intents and purposes, I am fully invested, with a cash position of around 15%.

In addition, I added to my CUZ position, in anticipation of an egregious squeeze in the REITS.

Finally, CA hit another homerun in The PPT today. The kid is fucking amazing. Don’t get in front of this market, for it will leave tire tracks on the back of your “FAZTARD” baseball jerseys.

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38 comments

  1. Cuervos Laugh

    Has anyone else noted the parabolic rise in WXS on the PPT?

    It’s number 5 today where last week it was 170…

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  2. ZenProfit

    CL:

    Is there a screen to highlight such moves?

    PS: I’m a PPT sub.

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  3. Cuervos Laugh

    Yes Zen,

    If you go to the screener page on the far left you’ll see the hybrid change daily and weekly options.

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  4. Cash-N-Guns

    Fuck…both Kneale and Cabrera survived the weekend..

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  5. TraderCaddy

    Just learned a life lesson.
    Never eat fresh corn on the cob in front of your laptop.
    Time to clean the screen.

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  6. Cabrera's husband
    Cabrera's husband

    Will you please refrain from speaking about my wife like that.

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  7. Henry Fool

    GAIA making a small break for it!

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  8. shaun

    Hey fly..i occasionly pop in here eveythign i see somethign intresting so you can keep an eye on it (not that you need any of our picks)..love your work..keep on eye on STKL with all the otehr shit aggs moviing..just to warn you there is a hidden refresher at 1.62 right now

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  9. WTF

    Henry,
    Thanks for peviously informing us of your dr.’s appointment today, but you did not advise us of the specialty of this physician (proctologist, gastrointerologist, psychiatrist, etc.), much less the outcome of the visit. Please Henry, tell us, we need to know!

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  10. randomfundamentalist

    @ theFLYexposed: You do realize he is a trader right? God, you are a first rate ass-hat. Do you have access to his portfolio statements? Have an in with one of his clients that is producing to you every trade he has made? Do you know what percentage of his portfolio was in each trade?

    Shut the fuck up and go back to eating cheetoes in your mom’s basement. I’m guessing you are a failed investment manager that couldn’t get his grandma to fork over her garage sale money to start a hybrid iron butterfly strategy to corner the Dong market.

    Go fuck yourself.

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  11. MOOBER

    TheFLYexposed is Howard 😮

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  12. The Fly

    To the guy who keeps posting a FALSE record of my performance: You will be tracked down, hunted, and have your mustache erased, while at your favorite eatery. I do not have time for games and wish you’d go fuck off somewhere in a forest, with a bunch of bears.

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  13. Rubber

    Fly, do you like CYTK?

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  14. j

    Fly’s fly.

    I vividly recall some of those trades. What you left out were the sells. He turned quicker than a jack rabbit with buckshot in pursuit.

    Fuck off.

    So either The FLY was LONG the biggest bear market in history or he is misleading you little trusting
    girbels

    Well actually it’s not the biggest bear market in history.

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  15. henry Fool

    Load on IMGN 7.64-7.68

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  16. The Fly

    Ever consider the sells?

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  17. Neil

    The loyalty of the minions has to be admired.
    All hail the FLY’s loyal minions!

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  18. jsawyer

    fly, quick question: im a loyal ppt subscriber, and Im wondering as to what home run CA hit today. I dont see a post from him? Where should i be looking?

    thanks boss

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  19. Cuervos Laugh

    We’re about 2% away from 200MA on SPY.
    It would need to hit ~92 for the 200MA

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  20. Snapini

    isrg, mos, amzn? Thoughts?

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  21. RickyRicardo

    I used to play my best music, including the Babalu song, at the Tropicana. When did it become a bowling alley?

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  22. 308

    kinda mellow, thought i’d post this Citigroup note from today on AUO:

    5.26 AU Optronics (AUO) Target $13

    BUY: New Subsidy in Major Cities Extended from Rural Areas
    What is the Pilot Home Appliance Replacement Program? Last week, China’s State Council announced it was allocating
    $293 million in subsidies for consumers in major cities who replaced TV sets, PCs, refrigerators, washing machines, and
    air-conditioners (versus the earlier Household Appliance Subsidy Scheme that focused on 3rd and 4th tier cities in rural areas). Buyers will receive subsidies worth 10% of the new products (versus earlier 13% for farmers).

    Sentiment versus real impact? – 1) We see this as only short-term positive that will last less than 3 months.
    *Since it is a pilot program, it might be expanded to whole of China, which would be a long-term positive catalyst; 2) Given $293 million will be allocated to five types of appliances, we estimate a maximum of 3mn LCD (liquid crystal display) TVs will sold through the pilot program, or less than 3% of global TV panel consumption.
    Which producers will benefit? –
    Among global TFT-LCD (thin film transistor liquid crystal display) panel vendors, CMO would benefit most given 25-30%
    of sales exposure to China, followed by AUO with 15-20% of sales exposure. … AUO should gain market share from its current 19% level as the incentive program has been shifted to major cities from 3rd and 4th tier cities. Reits Buy, $13 target (raised from $10??)

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  23. TES

    FLy –

    I’m with Jsawyer … also a PPT sub and I don’t see the big score from CA either.

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  24. Big Mike

    Where’s the “FUCK YOU BEARS, YOUR DEAD!” title?

    We rally 300+ points today…book it; another wave of short covering.

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  25. The Fly

    The Fly was short in 2008, early ’09, you dipshits.

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  26. The Fly

    Jsawyer

    AXRX

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  27. The Fly

    Jsawyer

    In the user notes section, as always.

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  28. Cash-N-Guns

    the Cabrera skank is giddy over this rally..can a reversal be far off…?

    little biotechs gone wild..THLD as recommended on Friday..

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  29. SteveTheNeighbor
    SteveTheNeighbor

    Thanks for the meatloaf yesterday Fly.
    Mrs. Steve like it although Steve,Jr. did find small pieces of aluminum siding in his portion. I told him to eat it as it probably came from a trailer park.

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  30. jsawyer

    @Fly, thanks… didn’t even know ’bout that. I was just using the PPT for my own screening. You have managed to build quite a community in a very short period of time. An extremely valuable tool, at bargain basement prices too!

    Bravo Sir…

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  31. j

    Cuervos L

    I’ve been trading Doll Cad like a demon. It trades beautifully off an envelope on the hourly chart/ 41 periods with a 1.5% to mid point top and bottom.

    I’ve been trading it on the short side, but buy back near the bottom of the envelope and then short it at the top. It’s a thing of beauty.

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  32. Fly's Next Wife
    Fly's Next Wife

    Mr. Fly,

    Please make that good money before I marry you.

    Love you, Good day.

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  33. The Fly

    Jsawyer

    You didn’t know about user notes? That’s where all the fun is.

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  34. GA

    There won’t be an end of day squeeze, too many people will be expecting it.

    We’ll touch the 200ma, before we head down

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  35. isay

    Fly you buying more sify at 2.01? damn I guess i’ll hold.
    I was just about to sell half!!

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  36. isay

    Right GA I don’t know what news could bring down this market. It is trading in the channel no matter WTF is going on in the world.

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  37. E8

    AKRX not AXRX!

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  38. Cuervos Laugh

    j-

    FUNDAMENTALLY SPEAKING: I think the CAD$ took a hit because of Flaherty’s announcement yesterday that the 09 deficit would be ‘significantly larger than the January budget projected.

    It’s probably going to go sideways until the June announcement.

    TRADING: That sounds like a plan if I were to do any FX trading right now. Thanks.

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