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

The Grandmother of All (burlap) Tops

I see the bearshitters, with the very eyes I have stuck in my head. They are prancing around, clad in florescent green spandex and brown burlap hooded sweaters. In case you wondered, yes, they do wear wooden clogs.

I see them outside of my office, as you read this. They are telling very tall tales of a pending crash, led by “bad companies,” who happen to make a lot of stupid loans. “It will happen soon and often,” they say. These same people, gleefully, call for armed revolution in America, in order to replace the current crooks with brand new ones.

Ladies and Gentleman of iBankCoin and from around the globe: put your cocaine straws down for a minute and listen to me, very quietly, to what I am about to tell you. Despite what the irascible men in burlap say, we are going higher. It may not be today or tomorrow. But, I assure you, we are going higher.

We will climb so high, so fast, investors will think the market was a scam— or some sort of playground for Lenny Dystra’s deep in the money call betting parlour [sic].

Into the next leg up, not really caring about timing (to be honest), I like my chances long DryShips Inc. [[DRYS]] , General Cable Corporation [[BGC]] , Flotek Industries, Inc. [[FTK]] , [[ENTR]] , Spartech Corporation [[SEH]] , TEKELEC [[TKLC]] , Barnes & Noble, Inc. [[BKS]] , [[RAX]] and Sonus Networks, Inc. [[SONS]] .

I am leaving work early, in order to enjoy the luxuries of a dental examination.

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45 comments

  1. kidstock

    FIG

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  2. Rodney Dangerfield
    Rodney Dangerfield

    FIG

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  3. ecchymosis

    Dental hygiene is paramount indeud!!

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  4. Cash-N-Guns

    dental assistants with huge tits are important too…

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  5. donut boy

    You are obviously suffering from irrational exuberance. Not your fault it happens to everyone. I suggest a visit to Denningers site. That dude will bring anyone down. Hope your teeth are in excellent shape. they will be ready when the bears attempt to punch them out.

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  6. The_Real_Hmmmm

    I went last week and the hygienist stuck me in my lip with the metal pic like she was going to hang me from the wall like a fucking fish. I should have slapped her tits around to her back.

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  7. JakeGint

    Let me tell you, this is not time for flagging or phagging… rather now is the time to GET YER GOAT ON!

    __________

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  8. ZenProfit

    “I am leaving work early, in order to enjoy the luxuries of a dental examination.”

    At least they’re looking at the right end.

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  9. TheArtist

    Bearshitters fondle Hyenas.

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  10. punyandy

    The market got rocked to the tune of 0.1% today. Not good for the bulls.

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  11. Mr. President

    RTK looks good here in the 1.80s…thanks to Henry for pointing that one out.

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  12. ZenProfit

    “Who Let the Bears In . . . . “?

    http://www.snowmasssun.com/article/20090826/NEWS/908259989/1039

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  13. Joe

    “These same people, gleefully, call for armed revolution in America, in order to replace the current crooks with brand new ones.”
    WAY too fucking funny, especially since I am one of them “same people”. One could write hstory volumes on this… or just accept the fact that crooks/criminals are not born, they are made.

    ” They are prancing around, clad in florescent green spandex and brown burlap hooded sweaters. In case you wondered, yes, they do wear wooden clogs. ”
    That right there is art at its best. Laughed my ass off reading that and I haven’t even consumed any tequila yet!

    In the end, the market trend says that you are right, that the market goes higher from here…However, we will retest the lows either nominally (when the depression scare kicks in again) or we will retest the lows in real value (as opposed to nominal value) due to inflationary effects down the road.

    The truth that we are still in the deflationary cycle (short term) will be revealed in about a month, when the earnings strt to kick in/stink again!
    All I am saying here is that we are in a deflationary cycle short term and hyperinflationary cylce, long term.

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  14. mrcainthaler

    Head on over to the KoPG posts, and check out my latest call against NOV. Feel free to leave a comment on your own recent positions as well.

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  15. Mr. President

    Who is still messing with DVAX, SVA?

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    • RaisinCane

      Been in RTK for a couple of days(thx HF) @1.93 Also holding INO for more swine pandemic scare into winter. Waiting for DVAX to dive alittle lower for re-entry maybe low 1.80’s

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      • Mr. President

        Not sure why, but felt a bit like gambling today. Must be all the profits I’ve taken in the last couple days from The Fly’s calls! Got long some DVAX, SVA, and RTK. Seemed like great entry points, especially for RTK and SVA.

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    • Yogi & Boo Boo

      Me – DVAX. But you would know that if you looked at my positions over in the PPT el Presidente.

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  16. Damon

    Wooden clogs….hmm, this is 2009,

    Are you sure they don’t wear Crocs?

    Freakin’ homos

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  17. needle dick the bug fucker
    needle dick the bug fucker

    WNR just got a prop from fast money on CNBC..

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  18. TA

    Other bloggers stop spaming the Fly’s blog with links to your own blog.
    I scan them every so often and read them if they look interesting, no need to remind us.

    Fly, stop using fucking ‘in order’. It’s totally redundant and driving me mental. The ‘to’ part tells us all we need to know.

    And no, I’m not going to ‘Go fuck myself’. The wife works for that just fine, thank you.

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  19. Charlie

    Interesting story – we’ve gone from historic divergence below the 200 day to tying historic divergence above it, all in the span of under 7 months

    http://www.fundmymutualfund.com/2009/09/from-40-below-200-day-moving-average-to.html

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  20. Alvari40

    I have this market neutral play that I am putzing around with just to keep my interest. In this play, I am short 3 and long 3 like stocks. I wake up this morning to find out that one of my shorts has been covered by TS. No cash problems on my side, no trade made on my side – WTF? I call TS to find out that they had to cover due to not being able to find shares to deliver! WHAT THE FUCK? I had thought the other 50% of the time that I wanted to short through those dipsticks and received the “security not easy to borrow” message was the worst of it. Now, I am allowed to enter positions short and need to worry about being closed out due to their fuckery? Anyone else having this experience with their broker? Amazing. Their response? “Well, we are not allowed to carry naked shorts like we used to.” How does one rely on a system with this sht happening?

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    • TheArtist

      the financial world operates by one side robbing the other…..

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    • TA

      The shares got yanked last minute by the lender. It happens all the time and there’s nothing TS can do about it

      It’s all covered in the agreement you signed.
      Buy puts if you don’t like it.

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      • Woodshedder

        Not true. TS never had the shares, so they couldn’t be yanked. TS simply couldn’t find the shares to borrow, within the 3 day time frame.

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    • Dale Bailey

      Early this year I was subject to the same fuckery, but came to realize that IB doesn’t engage in such. Now I go long only at TS and short only at IB and my fuckery problems have been solved.

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  21. Alvari40

    TA –

    I have been daytrading 7 years and trading 13 years – never had it happen before. I must be one lucky dude if it happens all the time. BTW, I don’t like it – who the fuck would?

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    • so i herd you liek mudkips
      so i herd you liek mudkips

      Supposedly this has been happening lately to stocks with high short interest.

      Here’s interactive brokers’ short sale process for reference (not sure if TS does exactly the same thing, but it should be relatively similar). Provided that you made the trade before 2:30-3:10 PM Eastern, your broker really should’ve notified you. If not, they’re dirty bitches. If you made it after 2:00 PM Eastern or so then in the future either trade less shorted stocks, make the transactions earlier in the day, or take it as a cost of shorting (and change your models to account for this possibility).

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      • so i herd you liek mudkips
        so i herd you liek mudkips

        Fuck misread step 1. They should’ve just notified you before the close of the settlement date. If they didn’t, they’re dirty fuckers and you should be yelling at them for no warning.

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    • Woodshedder

      Alvari, I fucking hate TS for shorting. I short on average 5 stocks every day, and every fucking night when entering in orders I get that “ding” error message because the “security is not easy to borrow.”

      I’m like, you are supposed to be the best fucking platform, a professional platform and brokerage, and you can never find me shares!!! I also have an account at IB, and 80% of the time, IB gets the same shares, no problem.

      I have on occasion called the Trade Desk, and they can find shares for you, about 50% of the time. It is a pain to have to do that, but if you really want the shares, that is what you do.

      I have also had TS call back short shares, after 3 days, because they couldn’t find any to borrow. When they did that, they left other shares in my account (I had scaled into a short position) but when they called some of the shares, they canceled the stop order I had set. The next day, the stock gaps up, and surprise surprise, I take a sizable loss, due to no stop.

      I raised holy hell with TS, and they refunded my loss due to them removing my stop.

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    • TA

      Recently some guy had IB do the same thing to him because the shares they thought they had to borrow got yanked. IB told him to go pound sand since it’s in their right to do it quoting some clause. Wish I could find the thread on it.

      I’ve seen at least 5 other posts in the last few years on it.

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  22. Po Pimp

    AURD about to bust a cap in some fools. Up 22.5% today on 4X normal volume. I’ve been loading the fuck up since 0.22.

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  23. herman

    You mean those idiots Biggs and Biryni are gonna be right? You are kidding me!

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  24. needle dick the bug fucker
    needle dick the bug fucker

    Fly,

    You mentioned 4g net works I found a good artical, its a day old but worth a look. They list 28 companies and tickers.

    http://finance.yahoo.com/news/Wireless-Applications-Showing-twst-1780342781.html?x=0&.v=1

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