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

Sideways Death

Another “ho-hum” day at the office, up 2.2%. I was up more, but that son of a bitch, FTK, fleeced me towards the end of the day.

I enjoyed “better than your local broker” gains in SIFY, GLW, FNSR, ATHR, GLW, ATML and CNXT, while many of you just sort wasted the day away. It’s a sideways consolidation death for maladroit bearshitters.

For those of you interested in soft porn, please visit the friendly confines of “Denninger Danny” sans the silly facial expressions and navy blue blazer.

Just so you know, I have a lot of shit to do in real life, with regards to general contractors and asshole heating/ac guys.

Top Pick: OVTI

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38 comments

  1. Heckler511

    If FTK hit’s 2.40 again can’t you get out about even? This bitch needs to get fired.

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  2. The Fly

    Nah. I am longer term on FTK. If they turn things around, it will go to $10.

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  3. Mayor Bloomberg
    Mayor Bloomberg

    I congratulate Mr. Fly on his property improvement and the appraiser will be fair with the new valuation. I urge all New Yorkers to improve their properties and thus help out with the budget shortfall. Again, Mr. Fly is the type of citizen that makes this city great. As everyone knows, we have a retirement racket that must pay over 1200 retirees in excess of $100k per year and many of our retirees only put in 20 years. It is a great racket….for them.

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  4. SteveThe Neighbor
    SteveThe Neighbor

    Mayor Bloomberg.
    Fly has been hiring illegals to do his home improvements.
    Thought I would let you know although you probably will do nothing about this outrage.

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  5. AI

    FTK has a nice trendline up (looks like its in a triangle) dont know much about the fundamentals but if we dont take 952 soon …….the wave will take out all this small capers and turn them into an arabic sand storm.

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  6. gappingandyapping
    gappingandyapping

    Beck telling it how it is right now.

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  7. jg

    thx for cnxt f(ig)

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  8. Treepart

    If Glen Beck is telling it how it is right now, that would be unfamiliar waters for him. 95% of retarded people even think he’s full of shit.

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  9. JakeGint

    Just so you know, I have a lot of shit to do in real life, with regards to general contractors and asshole heating/ac guys.

    You know I went through this same shit when I sold my first house.

    After we completely redid the kitchen, we enjoyed it for about a month before we sold the house.

    Never again.

    ____________

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  10. JakeGint

    As everyone knows, we have a retirement racket that must pay over 1200 retirees in excess of $100k per year and many of our retirees only put in 20 years.

    Last time I got in a New York cab it was being driven by this ex-cop.

    He proceeds to tell me that he only drives this cab one day a week (from the airport only), and he does it “just so’s I can get out and meet people.”

    Turns out he has five other cabs and — more important, owns all the medallions. At the time a medallion (ie, “license” for you hayseeds) was going for about $400k.

    Digging in my friendly inquisitive way, I first find out he’s an ex-cop (30 years on the job) with an $65,000 annual pension.

    (Good for him, I says to myself, he put his time in on the roughest streets in the city, and now he’s salting away something for the retirement.)

    We continue talking about how nice it is to have a pension like that when he rolls out the bomb — his wife is an ex-NYC public school administrator with 25 years in. She’s retired now too.

    Her pension? $85,000/per annum.

    So these two — MAYBE in their mid-50’s are pulling down $150k a year… maybe for another 20 years? (conservatively) courtesy of Fly and fambly.

    Dude will own every freaking taxi in Manhattan in 20 years, and he’ll go to ‘Lantic Ciddy to blow his pension checks.

    Bright side: Possible client for the Fly.

    _______________________

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  11. Danny

    now that is some funny shit

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  12. chivasontherocks
    chivasontherocks

    Cap,

    just got back from fishing in the keys with my kids. read your earlier comment and had my kids read it. we have not been able to stop laughing. you became an instant hit with my sons. thanks.

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  13. ws

    although GLW did close above 16 it traded like an ugly bitch the last two hours. GLW that is GLW, GLW.

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  14. dave

    ‘Dude. Where’s my car?’

    http://www.tmz.com/2009/06/09/lenny-dykstra-explodes-over-rolls/

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  15. asshole dip buyer
    asshole dip buyer

    Asshole dip buyer has officially packed up his longs tent and would like to submit that his neighbors and 5 million of their closest friends are ALL bullish and therefore a correction of significant proportions is at hand. Go ahead, be early.

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  16. Q4

    9 Times Outta 10 – http://www.youtube.com/watch?v=HHe18yE2kXM

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  17. JakeGint

    I had a lot of shit to do this afternoon, so I was very pleased to see that my close personal friend, David Mamet, was kind enough to do some guest blogging for me… PPT-Gary, PPT-Ross (David Mamet Guest Blogging)

    ________________

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  18. Indie

    HA HA HA.. dickstra.. REPO MAN!!!!

    too funny. TMZ … well those college dudes found a job. they should extend the “brand” to high flying execs and politicians.

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  19. Free Trader

    Deuds, any thoughts on SGY ? I backed up the truck on it at 8.88. That SOB announced public offerings in after-hours, and is down 6.5%. Any thoughts? I ask because SGY is said to be an IBC favourite.

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  20. mrs. buttons

    Jake said…”Her pension? $85,000/per annum.

    So these two — MAYBE in their mid-50’s are pulling down $150k a year… maybe for another 20 years? (conservatively) courtesy of Fly and fambly.

    Dude will own every freaking taxi in Manhattan in 20 years, and he’ll go to ‘Lantic Ciddy to blow his pension checks.”….

    sorry that is simply outrageous…..

    and that’s why I don’t live in NYS anymore…not on my dime..NYC blows bit time now anyway the most over-rated city next to SF- glad I lived it when it was more Sinatra than trump.

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  21. Mrs Buttons' ex pimp
    Mrs Buttons' ex pimp

    Mrs Buttons could suck the chrome off of a tailpipe back in the day when she worked the East Village. That Ho was my top earner.

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  22. Alvari40

    Free Trader,

    Hard to stay with a company that has a secondary near its all time low. The fall from grace has been swift like the market, but unlike the market there has been little rebound. To top it off, the company is unprofitable and their current quarter growth estimate is -100%, while they missed last quarter and two quarters before that. Seems to me that they waited through this market bounce as long as they could to offer, but could not wait any longer. Far as I can tell, there have been 8 inside sells over the last 8 months and no inside buys. More troubling is that all of this has come while crude has surged. Deteriorating net income, sorry return on equity, etc. Ouch. Down 8% – feel lucky and run baby!

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  23. J

    seriously dude, if your posts had more of /real/ content and less of the gibberish and useless expletives, you might find more buyers for PPT.

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  24. TheArtist

    Yep, the recession is over. All is rainbows and butterflies. I think I’ll go out and buy a new car.

    lets count the months (or years) this building will remain in its current unfinished state. Hey Fly, this could be one of the contests?
    http://finance.yahoo.com/news/Fontainebleau-Las-Vegas-files-apf-15484440.html?sec=topStories&pos=4&asset=&ccode=

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  25. The Fly

    J

    Go fuck yourself. You need not concern yourself with my purse. I put in 5 posts per day in this bitch. Go heckle the other welfare receipients on this site.

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  26. j

    Fly:

    Ummm that wasn’t me by the way… I’m the smaller case..usually anyway, I think.

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  27. j

    Currencies show no liquidity tension in Asia. In fact it’s quite the opposite.

    Could be a pointer to a decent run in the US later on.

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  28. trader

    J, you still long the USD?

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  29. j

    na, trader, got out.. Got out of the entire Euro trade at 1.3905…

    Sold some cable at 1.6340ish and just toying with the idea of covering or lowering my stop to the break even and letting it ride.

    Had a good 24 hours trading though…

    lost some money on a buying USD canada…

    Made more money though selling Doll Yen. Had a close stop so I went big on this posi. which I covered.

    Added a little to my Aussie Yen trade.

    (I don’t run trades with big stops in this market as you can get carried out).

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  30. artie lange

    shut the fuck up J. This fucking website produces more useful info than ANY OF THE MAJOR BUSINESS stations. You must be short on the market. Confidence is how you make money. This Blog gives you confidence in the market direction and that is worth a lot. Your opinion doesn’t mean shit,follow the trend you fool…….

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  31. Made Man

    Enjoyed your comedy but thought we were just a poseur. The news out of Taiwan on LCD glass tonight leads me to believe you have good info…I’ll be watching.

    Stop with the BS stocks. Finds some real ones and you’ll earn real respect

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  32. j

    Artie:

    Just so you know.. I’m the good j. The bad J is upper case.

    I like Fly in the same way as I would like a red headed step child if I head one.

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  33. artie lange

    No shit, that’s why I used the upper case J. when I was adressing the idiot. You fucking goombah

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  34. MOOBER

    “Sold some cable”

    What’s that mean, j?

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  35. j

    You fucking goombah

    Artie, if you’re that angrified just remember the downers aren’t helpful. The Docs told you to use the uppers.

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  36. j

    Moober:

    Oops…. Cable is jargon for Brit Pound

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  37. The Fly

    ROFL

    Made man

    Obviously, you have no fucking idea who I am. Fuck off with a goat in a boat.

    I don’t need your respect. I take it.

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  38. 308

    has this been posted before? ‘Cause it really is quite funny/remotely entertaining.. (Is Anyone Minding the Store at the Federal Reserve?) http://www.youtube.com/watch?v=cJqM2tFOxLQ

    No conspiracy theories/end of the USA’ists please.

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