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
23,434 Blog Posts

iBC Bids Farewell to Danny

Nah, I’m just fucking with you. Alphadawg is going on vacation/life journey and will not have time to fuck around with the internets. Despite never speaking to Alpha in real life, I greatly appreciated his efforts to iBC and PPT. He was a true professional and will be missed, in a very non-gay, testosterone laden way.

Should he decide life just isn’t the same, without the internets, Alpha can have his blog back whenever he wants. In the meantime, I will convert his blog into THE ALPHADAWG MUSEUM OF FINANCE and EGREGIOUS TRADING ACTIVITY, for all new iBC’ers to visit.

Alpha: you will be immortal my friend.

As for today’s tape, I made “fuck you money” in a variety of names, including an intra-day purchase of UNG, posted in real time, on  The PPT.

Also, I had gains in [[ATHR]], [[DELL]], [[ARD]], [[MWA]], [[FITB]], [[ENTR]], [[FNSR]] and [[SIFY]].

I regret selling [[ERX]], [[CROX]] and [[LVLT]]. However, that’s life.

Regarding LVLT, the company is definitely a takeover target. Starting next quarter, they will be cash flow positive and would make a ton of sense for [[S]] to just swallow them whole.

At the point in the rally, I am no longer looking for themes or new angles on how to play the tape. I have shifted my focus from “aggressive degenerate” to “how do I keep these gains, without being a pussy?”

In short, I need to start taking profits. I started selling yesterday, via my 2nd largest long: ERX. I suspect this rally will continue, providing the dollar/oil relationship continues. Into strength, I will lock in 75%+ gains and step aside or get small.

My goal is to be in a 50%+ cash position my July 4th. Until then, bearshitters: fuck off.

NOTE: As of 3:47pm, “The Fly” was up another 1.75%.

If you enjoy the content at iBankCoin, please follow us on Twitter

46 comments

  1. Made Man

    You’ll be in all cash long before July 4th. My crystal ball says so.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. gappingandyapping
    gappingandyapping

    Wilting hard here. This is a horrible showing today. Sorry but it truly is pussified.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Gio

    Free admission to the museum?!

    I’m glad he posted today, I was getting worried (in a non-gay, testosterone laden way) that something happened to him.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Ryan

    Waaaaaaaaaayyyyyy before July 4th, you don’t move that slow.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. Juice

    “fuck you money” is my kinda money 😛

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. gappingandyapping
    gappingandyapping

    Two more things before I go do other shit:

    QID entered the day dead flat.

    Watch out for dear leader, he will launch again soon in preparation of mounting the warhead for leverage.

    That’s all, good day.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. GA

    I heard he was starting up a rival blog, iBankMoreCoin.com

    No, but seriously, the bulls are pathetic.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. What if Ur Wong
    What if Ur Wong

    Can you be wong? No sizzle, no pop. Just fizzle.

    Fly, can you interpret the results for eff-NN-ess-ARE (fnsr) for me ah?

    After hours no good ah for it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Anton Cigur

    Something’s definitely screwy with your site, Petey.

    It’s running like a microsoft product.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. “My goal is to be in a 50%+ cash position my July 4th. Until then, bearshitters: fuck off.”

    You mean “by” not “my”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. Itchy & Scratchy
    Itchy & Scratchy

    Anonymous,

    It’s not a mistake. He owns July 4th now.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. weed

    oh hi senor tropicana…

    remeber when you banned me as this rally got underway when i broke your nuttles about your SRS trades and told you to come play in the traffic with the other kids.

    well I’m glad you finally joined us

    this is the part where i tell you that its time for you to scale back into your robe and sandals

    I’m bored with the market going up all the time …its just kinda lame…red is the new green

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. weed

    and by the way…90% of you is still gay

    keep working

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Kirstie Alley

    This markets going down just like my lbs are.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. Tim Knight

    Fly

    Ibankcoin has been so slow today. When you try to click on a blogger, it just wont load properly. A few times today it kicked me off all together when clicking on your post.

    Just want to give you a heads up. It must be your servers or something?

    Keep up the great work.

    You all seem to be doing very well!

    Tim

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. Danny

    I was worried (not really) then saddened (really). You will be missed Alpha.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. 308

    For any of you options playaz… Citigroup out right now a/h on RIMM advising:
    Option Trade (June 2009): Buy 1 $85 Call, Sell 2 $95 Calls
    and Sell 1 $75 Put.
    “We recommend a bullish near-term option strategy with June (6/20/009) expiration, based on our view of a high conviction for a modestly positive stock price response to the earnings announcement on June 18… “

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. The Fly

    Thanks Tim.

    Once Vincenzo the fucking lazy gets off his ass and buys us another server, iBC will be running like the wind.

    In short, the site is now enjoying Fly x2 traffic, with the emergence of CA. Growing pains ladies.

    A good thing.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. PolarPanda

    TK and the FLY.

    How cool. Banking Coin with Hope! Haha.

    CA for Prez.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. L.Dykstra

    Broham. Can I do Alpha’s Blog? We can live link it to the Players Club Virtual Clubhouse. PPT members can chat with all the stars in real time. Dude, I just made 3 $million trading options last month..I’ve been right the last 28 times. Would you like to take a tour of The Gretzky House?

    Broski—your internets is slow….BTW I own a high speed web server farm in Salt Lake City…You want to take a helicopter there for a tour?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. Free Trader

    Fly,

    Are the results good or bad for FNSR? It looks like it’s down in after-hours, but then that’s just after-hours bullshit. I got a mixed review from their report. Any insights?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. newbiewannamakemoney
    newbiewannamakemoney

    Fly,

    will you be liquidating some of your GLW and TRID holding?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. Duane

    i have been look for devildog’s post today … have i managed to miss it, or has he not posted anything …

    thanks

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. gappingandyapping
    gappingandyapping

    Vincenzo just sent you an email…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. Internationalgroupie
    Internationalgroupie

    GU BTFO or BTFD?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. Thunderpup

    This might be helpful for a contemplative life journey sabbatical summer thing:

    http://www.youtube.com/watch?v=FHCcjib9H0g

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. Pete

    Danny good luck with whatever your doing. I hope to see you back in the future. IBC will miss you.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. some guy

    take care Danny ! You will be missed !

    and Happy Birthday Fly!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  29. GonzoTrader

    I hate to state the obvious……. add live chat to the PPT…
    Have every one post up their trades. You could have diffrent rooms like Fly zone, CAs dollar slots, DevilDog Apocalypse now…….

    then have have a 30 min delay on the for free site.

    Let it be known I am not a paid memeber of the “club”.

    If someone has put forth this already…..I dont have time to read everysingle fucking post……

    I am an “IDEA” man…..

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  30. WardandJuneCleaver
    WardandJuneCleaver

    ‘Bye Danny. It was fun reading your writings.
    Good luck to you and that skateboard thing you do, although we don’t think it will be as successful as the Hula Hoop.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  31. Pete

    Hey Gonzo

    I think Twitter can be used as an example for live chat. I find it more annoying then useful. So I dont use twitter to find out what someone else is doing. Its more fo a distraction

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  32. wilmer

    Happy Birthday Fly!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  33. SteveTheNeighbor
    SteveTheNeighbor

    Happy Birthday Fly.
    Steve,Jr. is on the way over now with your Birthday present. We hope you like government cheese (I am still unemployed).

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  34. Snapini

    Happy B-day FLY.

    I will be buying some IGT and more PAL and UNG and hrm, wait a minute I’ll let you make suggestions. It’s your Blog. : )

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  35. JJ2000426

    I am baaaack!!!! I have fresh money and a new attitude.
    PAL will be at $20 by September. Count on it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  36. killbilly

    Most of my
    two dollar plays are up but so is TZA; go figure?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  37. JakeGint

    For a candid visual of what today’s wins looked like over at the PPT, be sure to check out This is Starting To Get out of Hand ovah heah.

    __________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  38. j

    Jake:

    I’m really freaking bullish on the agricultural sector , how the hell do you play it?

    I bought , as a very long term play, into AAAC: ASX which is an enormous pastoral holding that amounts to about 2% of the land area of Continental Australia. They are in balance sheet repair mode at present and will take some time. Abu Dhabi has bought into them recently.

    What else? MON? I bought it recently.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  39. j

    sorry AACO

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  40. carson

    when will you know when natural gas has bottomed or on it’s way back up? it has dropped so far there seem to be a trade here.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  41. carson

    when will you know when natural gas has bottomed or on it’s way back up? it has dropped so far there seems to be a trade here.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  42. T MOE

    j:

    what’s working for you on the currency front? AUD/US?? US/YEN?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  43. j

    Moe:

    I’ve just been long Aussie yen since around 67. It’s a liquidity play and also a play on Japan being a freaking mess forever. I think it’s heading to 90ish first shot and then much higher.

    Straight dollar plays are really dangerous, however I’m starting to think a little more positively for the US against Euro.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  44. Jakegint

    J-

    Heck son, ANDE is only up 85% since entering the Jacksonian portfolio- they serve the farmer. MOO is a good Ag ETF, and TRE looks nice for a nitrate day trade.

    __

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  45. j

    Thanks Jake.

    I think long term this sector could sky rocket.

    Take a look at that AACO. They own huge cattle stations (ranches) up ad down the country. It could be a real goer.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  46. daniel

    j,

    do you mean AAC? Aust agricultural co?
    i can’t find any AACO

    thanks,

    • 0
    • 0
    • 0 Deem this to be "Fake News"