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
23,446 Blog Posts

Remember When I Said I Would Short Stocks?

I lied.

I couldn’t pull the asshat trigger on my targeted shorts. Tech was too fucking strong. Despite taking a stiff upper cut to the scrotum on the pain maker aka Flotek Industries, Inc. [[FTK]] , I made coin today, mainly thanks to gains in Corning Incorporated [[GLW]] and OmniVision Technologies, Inc. [[OVTI]] .

Call me a caribou crazy, but deep down in my gut, I sense a rally coming. Granted, I’ve been saying such asinine things during the entire 4 week death march lower. The fact still remains: “The Fly” is never wrong, even while losing, even when wrong.

In my experience, the market usually turns when I start slapping people in the face with hot slices of pizza. Let it be known, my trader/servant’s nickname is “Marinara Nose.”

For the week, I lost tonnes [sic] of money, as FTK/ERX taught me a lesson in stupidity. With the grace of heavily booted clowns, I will be back to my winning ways, sometime soon. If not, well then, I may need to grow a beard and start threatening my neighbors with sharp knives, again (just kidding, I only threaten them with garden tools).

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

64 comments

  1. The V.King

    FIG

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

    gone fishing.

    http://www.youtube.com/watch?v=Pe-gicSWDUc

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. The V.King

    I put a 50k marker on the table…and then the dealer dropped dead. I need the pit boss please….And some aged malt. I’m going for a swim….remember Laps for the lats….

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

    Time to buy FTK

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

    crap, I just went long…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. kim jong il

    dude… do you even know how to get out of your house?

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

    Commando is a great movie.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. TheArtist

    come on Fly….remember the massive loss in FAZ and SRS you took back in April? you gained all that loss back in like a week…..time to do it again…..

    game day, the ball is in play.

    soldier on.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. dumas

    TIG, in a parallel universe.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. dumas

    Fly, are you kidding me? What, because you didn’t want to be a FAZtard?

    Well, I’m probably a dumas, but I went long since you said you were going short… now I have to sell everything, AGAIN, and go short.

    You heard it hear folks, Fly is going long… next stop is @ 830.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. Mr. Cain Thaler
    Mr. Cain Thaler

    Today is the sort of trading that ruins lives.

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

    CIG

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

    Fly how many shares of FTK you got . By my figures , it would take a day and a half to unload them …….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Juiceyfruit

    This is what makes The Fly great, besides many other qualities … he owns his mistakes, even when he’s being right. iow, honesty.

    kudos

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. Donny

    Call me a caribou crazy, but deep down in my gut, I sense a rally coming.

    “Gut”? “GUT”????

    Now that’s fucking funny.

    ROFLMAO

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

    Tough read for me..this market is one contrived and controlled mother. In addition to the GS secret sauce program buy sell formula I’m sure a room fill of behavioral psychologist plot buy sell triggering for the masses..Fly has good instincts most of the time and thats as good as it gets. I of course am one conflicted fucker. Sold out, 90% cash then got back in and I m up on 2 down on 5 positions..My day trades (by no means my forte) have been much better but I ve been conservative and bailed early on all.Anyway another weekend means lawn work (actually like it ..excercise ) and getting ready for one of my daughters to move back in..yikes I wake up with panic attacks….By the way DO NOT hire that crazy fucker to be a clown at your kids birthday, he threw the cake at the wall and shot the place up. Some fucking clown, good thing I had my vest on

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

    Tomorrow (7/11) is 7-Eleven’s 82nd birthday and in that regard it will be handing out free slurpees.

    http://www.7-eleven.com/NewsRoom/FreeSlurpeeDrinksLiveMusicToTheirEars/tabid/319/Default.aspx

    This has been a Public Service Announcement.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. Scum Bucket Bitchez
    Scum Bucket Bitchez

    This market is like watching paint dry.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. Q4

    The Fly called out on CNBC. CNBC really is for asshats. I think you hit a nerve. Keep up the great work.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. vcutrader

    WOW! i can’t believe that s***

    Go after Art Cashin next!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. nerdy

    Can’t wait for your response to that lameness.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. Q4

    Exhibit A – http://www.youtube.com/watch?v=eSxLzrXurJI

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

    Anyone have a link to the CNBC Fly mention? I would love to see it.

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

    i am looking for it now….it was the last 2 minutes of CNBC reports…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. Scum Bucket Bitchez
    Scum Bucket Bitchez

    Unpaid anonymous blogger sez: Suck on my life-like artificial appendage CNBC bitchez!!

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

      Scum:

      this is a classy site in a way as it attracts the downtrodden, former hit men, sexual predators and garage attendants. You though are an entirely different level.

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

    deep down in my gut, I sense a rally coming
    ——
    you will be gut punched on monday when DD “we move lower next week” arrives

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

    http://www.cnbc.com/id/15840232?video=1178854763&play=1

    there it is

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. Kne_le

    Don’t respond, it’s just part of their marketing plan since the’ve pushed beating each other up to its limits. Now they need to beat on their own listeners as the programing goes to the toilet. At this point, The Fly wins with free media. Don’t get your undies in a knot over it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  29. so i herd you liek mudkips
    so i herd you liek mudkips

    LOL CNBC is trolling iBC.

    Also, Dennis Kneale, according to the handbook of The Official Internet Rules Handbook™, Rule #1, you have lost the argument.

    This is actually a pretty nice setup, we love to shit on CNBC, and Dennis Kneale is an adolescent attention whore.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  30. Scum Bucket Bitchez
    Scum Bucket Bitchez

    Al Gore is the one who jumps teh shark with the Godwin’s Law violations.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  31. Keyser Soze

    He’s overweight tech. My problem is tech has been outperforming since about October, and it’s the only sector providign leadership. I don’t know when, but eventually all that optimism about tech improving productivity is going to play out. Kinda like what happened to materials a couple of weeks ago.

    I don’t know when it plays out, but what I do know is that those folks who started the trend in October don’t want to give up their gains.

    Good luck keeping your nuts under the guillotine blade during the dull summer months.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  32. Scum Bucket Bitchez
    Scum Bucket Bitchez

    Hey kneale, leave a comment, lurkers are creepy.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  33. Buckeye Bob

    Good job Fly, getting Beaker to drive web hits on the slowest Friday in a month.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  34. FEMA Camp

    Dennis Kneale for camp commissar

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  35. Dennis Kneale Bitchez
    Dennis Kneale Bitchez

    You fuckfaces better shut up or I’ll out every one of you bastidges!

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

    If you are reading this Dennis then you need to know that you are great.
    I liked you at Forbes too.
    I would like to work for CNBC (but not necessarily Obama ass kisser GE; although I could live with it).
    Contact me via the Fly’s e-mail if you need an analyst.
    I would be great with The Kahuna,The Brain,Mark Haines, and Becky Quick.
    I won’t let you down.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  37. Dennis Kneale Bitchez
    Dennis Kneale Bitchez

    Ooh, ooh, whoring for a living…

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

    For the record, I do believe the squirrel comment was directed at Denninger.

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

      yeah Wood you are right. Is he self absorbed or what.

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

    Has anyone seen CNBC’c Maria Bartiromo lately. Man, she’s ballooned out like a Zeplin.

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

      irritating voice maria actually looked like an over ripe cantaloup the other day dressed in some kind of orange thing…going going gone kirstey ally on us …uh, does being from Queens make her hips look big? uh yeah..that and the blue on her collar – or is that a tomato stain?

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

        The old Money Honey is from Brooklyn. Don’t diss Queens that way.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  40. Dennis Kneale Bitchez
    Dennis Kneale Bitchez

    this is me interviewing dick fuld:

    http://bitsandpieces.us/wp-content/uploads/2009/03/imagesbutt-20kissing.jpg

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  41. Hawaii Five O

    Good work Fly.

    Your comments about Dennis and his about you will probably bring more people this site and exponentially increase you infamy!

    Well done….Indeud!!!!!!

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

      exactly- I can’t believe Dennis would be that stupid to give all that free media advertising away…
      even though Dennis tried to make the site sound like a bunch of asstards by denigrating the quality of the posts he chose…gotta give him a few props for that…fly be happy?

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

        Hold on a second Buttons… did you watch the piece?

        The asshole invoked Godwin’s Law almost immediately — calling one commentator a “Nazi” for likening his end to that of Mussolini (a very specific historic event which spoke to the END of fascism, not the continuation, I might add).

        Granted the comment was in poor taste, but Dennis’s follow was equallyy insipid.

        _____________

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  42. buycurious

    Excellent publicity. Time to take the asshat to the cleaners so the site can get even more publicity!!! yeeeeahaw

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  43. Dennis Kneale Bitchez
    Dennis Kneale Bitchez

    maria on my bike bitchez:

    http://2.bp.blogspot.com/_uVufg7NXe2c/Sd-QfcPjzqI/AAAAAAAADzo/LVafdI_DpN4/s400/Fat+chick+on+bike.jpg

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

    If Wood hadn’t roasted Denninger when he did, IBC would have never got that mention. Just saying, Fly owes Woody a California style IOU.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  45. Yogi & Boo Boo

    HUH? CNBC is still on at 8:00 PM? I thought Howie and his Hotties and briefcases filled with money were on at that time.

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

      Howie Mandel: The only person on CNBC who’s ever helped make anyone any money.

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

    always browse the onion for a good laugh:

    http://www.theonion.com/content/video/new_live_poll_allows_pundits_to

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

      by the way, what happened to the comment rating function? I liked seeing when people rated up one of my comments. I had fun rating down the assholes’ comments too.

      If we still had that system, how many of you would give this particular comment a thumbs up?

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

        i’m guessing a precious few hammy…

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

          yeah.. i guess so too. well even receiving bad feedback was better than nothing.

          where t f is the comment feedback system?

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

    Fly — this is the cover shot you want with the Sully “I lied” shot from Commando: “I know I told you that I’d kill you last…. I lied.”

    _____

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

    New post — A Semi-Vacation Week.

    _____

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  49. Michael Jackson
    Michael Jackson

    Still dead.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  50. Hammy

    life is too easy living off government paychecks, for now. However, the difference between you and me? The government can legally order me to my death at any point it pleases.

    I promise The Fly aka Plutonium Fucker, aka HORATIO CLAWDICK: if GLW gets to 18, I will throw you a party in my barracks, consisting of $100 bills stacked up, for me, alone, on my desk.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  51. omfgitsjd

    Checkmate. You lose. Get ready for UN command/occupation.

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