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
23,433 Blog Posts

Your Information is Useless

I get real-time quotes, yet that doesn’t make me any money. Back in the old days, when I’d be in the middle of a stupid brokerage house boardroom, 50 different morons would shout out 50 imbecilic ideas, in real-time—all money losers, you child.

Back to my point: what you get here, on iBankCoin, is precision guided missiles. The amount of fruit, dropping from the trees of iBankCoin, on a daily basis, makes your bullshit website look like a food fight, where people are slapping each other in the faces with hamburgers.

As for today’s trading:

It looks like China is expanding faster than previously thought. So, as the stock Gods would have it, world markets are taking off. With my money, I like DryShips Inc. [[DRYS]] , Sonus Networks, Inc. [[SONS]] , Flotek Industries, Inc. [[FTK]] and UTStarcom, Inc. [[UTSI]] .

Will FTK go to 3?

Naturally, I believe it will, so quit asking me.

Despite today’s bull run, I will continue to take positions off the table, in exchange for cash. I WILL NOT SHORT ANYTHING. Shorting stocks, in the midst of the biggest and baddest bull market ever, is equal to fighting a fire with a squirt gun.

Keep your eyes on commodities, or for The PPT crowd, the Overall Hybrid score, as a barometer for market strength.

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35 comments

  1. masterpain

    Baltic down 8 days in a row, rail loads down another 3% this month down to a crippling 18-19% yoy. I beg to differ sir….good luck with …….Dryshit {DRYS}

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    • Set a choir on fire
      Set a choir on fire

      masterpain, sometimes company/industry fundamentals/reality and stock prices are totally disconnected, but you can still make money.

      Re: Hybrid Score – I was just getting used to that. The Fly givith & the Fly takith away.

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    • TA

      LOL, again with the hindsight fundamentals
      It’s worked so well for the last 6 months

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  2. Bubo Verginanus

    Fly,

    Where is the PPT score now? You have it removed from the home page?

    Thanks

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    • The Fly

      it was causing problems with websense. so, it’s POOF. We may provide the data, free, via email soon.

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      • Polar Bear

        Greetings Fly,

        Here’s an idea – Change the score to an image. Websense usually doesnt care about images as much so the conflict with websense will be resolved and youll be back in business.

        -Polar Bear

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      • Bubo Verginanus

        Fly,

        Don’t you offer a discount on the PPT subscription? I have an idea… everybody who’s holding FTK (with proof) has a 15% discount.

        Thanks

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        • Yogi and Boo Boo

          Owl – Try it out for a month. It’ll take a while to learn how to use it. You will need to adapt to the fact that there are more timely and good ideas than you will have capital for, or the ability to manage.

          I swear this is the last comment about the PPT for now. I will not say another thing about the PPT, until I post in the PeeGee.

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          • MOOBER

            Yep. It’s a tool to guide you in your own decision making. A good one, because it has social + technical + fundamental info. The social aspect is most important to me.

            Maybe you get a scalp, maybe confirmation on your own idea, maybe a trend and you pick your old fav in the space, maybe breaking news.

            You still have to have your shit together to maximize it. Position sizing, entrances, stops, etc.

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        • The Fly

          no

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  3. TraderCaddy

    I used to check my quotes an a B&W Quotrek (the big antenna was a problem) hidden by my attache case when I was in Court during my lawyer days.
    Not to worry though I didn’t have any death penalty cases.
    That would be bad.

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    • Po Pimp

      FREE MUMIA!!!!

      FREE TOOKIE!!! Oh shit, too late.

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      • TraderCaddy

        And if I was the lawyer for Mumia he would be President right now.
        Never mind, Obama is close enough.
        Power to the People!!!

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  4. Richy

    So Tim put 30 new shorts on yesterday, wonder how that’s working out for him?

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    • Po Pimp

      He probably hit the wrong buy / sell button again… all 30 times… and is making a fortune.

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      • Yogi and Boo Boo

        Right. I will truly be worried by the time he switches sides. Hopefully I will be in cash or short by the time Tim becomes a bull. There is something self destructive in that scene ovah deah.

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      • TA

        LOL

        He’s going long with 10 names today
        To protect against being an idiot with the other 90% of his capital or so he claims.

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    • Po Pimp

      That dude just abso-fucking-lutely REFUSES to go long.

      I swear he would rather eat glass than play the long side. Oh well, better him than me.

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      • j

        It’s too late for the fucker to go long as he would lsoe all cred with the suck holes there. Even if he went long now and the market traded up another 20% he’d still look like a fucking idiot in the eyes of those idiots considering all the shit he’s said about why he’s bearish. The fucker’s trapped as he’s more worried about what that would say about about him.

        He’s also such a moralizing turkey too. You end up like that when you think you’re a web/stock god, have a bunch of sycophantic doofuses lapping up everything you say and your understanding of market dynamics and fundamentals is zero. In fact his is worse than zero as he thinks he actually knows a bit about it. I’ve actually seen good traders that know nothing about fundamentals while acknowledging they don’t and trade accordingly.

        Some technical trader he is. He draws horizontal lines over a graph connecting a couple of points and thinks that is supposed to reveal the second coming all intertwined with a truly pathetic understanding of the fundamentals.

        The site is really populated by a bunch of fucking losers.

        I never liked the creep when he told Fly last year that his site was the equivalent of a motor mechanics shop while Timmy’s site resembled the intelligent nerds in high school. He site actually resembles a giant suicide watch for fucking losers and pissants.

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        • j

          Sorry, everyone. I think my decision to swim laps at midnight last night may have been good for the brain and body, but not so good for me waking up early this morning. I’m off to a very late start…………I will do a post later this morning once my head is screwed on properly.

          This is funny. The fucker was out “swimming” at midnight. That’s a sure sign of a dude’s head all fucked up.

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          • Lemonjello

            Didn’t know the Y was open til midnight. He’s just as big a pretender as a Silicon Valley Entrepreneur as he is a trader, you’re telling me this big important dude gets to sleep in on Tuesday, lazy ass. He’s going to outlast the market with his huge pockets stuffed to the brim with hope.

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          • j

            and dope
            LOL

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          • Braveflaps

            I went to one of the community pools in Palo Alto over the summer.

            It was full of logs.

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  5. Richy

    Ok, 1072.91 SPX cleared which was intraday high on Sept 7th 2008, that should pave the way for a move to 1099.23.

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  6. j

    late last week a fairly large mortgage security offering was made through Merrlll Lynch in Australia and was well purportedly received by institutional investors. It could be the first of its kind we’ve seen through the crisis. It may be an indication that the securitization markets may be making a slow come back..

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  7. jhroac02

    has anyone traded spsnq,
    its moven and super cheap
    whats the deal with it

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  8. Henry Fool

    RINO will see $18 before end of…

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