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
23,466 Blog Posts

Bears Fall Victim to an Egregious HALLOWEEN SURPRISE

congress
Congress (Can anyone spot something “off” about this photo. Winner gets a set of steak knives.)

It’s classic warfare out there people, which is why the iBankCoin armies are on the offensive, sacking cities and burning citizenry to the ground. Instead of listening to obnoxious British people on CNBC, hear what I am about to tell you.

Back in the pre video game war era, strategists would trick opposing armies into making bad moves, through clever rouses. The best form of deception is to fake weakness, in an attempt to lure your over confident opponent into the proverbial “jam sandwich.” Well, that is what the market is doing to the bears. We get 3-4% dips and all of the bears come out of their filthy caves to promote negativity. Believe you me, there is no one as negative as me. I hate most things, save my family and good friends. But, I draw the line when it comes to making money. I love it.

My drive to be right and make money forces me to study harder and do more than the lazy guy in the boardroom, dialing for dollars. Many of you read iBankCoin just for the entertainment value, which is the primary reason why I blog—to entertain/have a little fun. But behind all of the whimsical commentary there is a message. Some of you get it. Some of you could care less. To be honest, it really makes no difference to me. However, if you are one of the weird people, who like to visit the Gods’ site just to heckle, understand something: “The Fly” aka Senor Tropicana aka Plutonium Petey aka HORATIO CLAWHAMMER aka Dr. Fly is watching you.

With a little help from iBC’s advanced IT department, I know who you are and can remotely activate your webcams, in order to see your stupid faces, from the luxury of my “medieval-esque” —neatly decorated— corner office. So you know, “The Fly” is watching you.

In lighter news, the market looks great. I did not buy or sell anything today, for I am intent on participating in the continuation of the current melt up.

Top picks: POSCO (ADR) [[PKX]] , Aracruz Celulose SA (ADR) [[ARA]] , Sociedad Quimica y Minera (ADR) [[SQM]] , Ciena Corporation [[CIEN]] [youtube:http://www.youtube.com/watch?v=OaII3kUn5ug 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

116 comments

  1. jg

    fig

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  2. Fook

    [slowly turns webcam towards the wall]

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    • franky

      i’m with fook. that’s really creepy… as is all of congress reading yesterday’s Fly blogs.

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  3. Mr. President

    “here what I am about to tell you.” …FLY! (hear)

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  4. tm

    [slowly moves webcam into pants]

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  5. mrkcbill

    Wow now your looking at Man Tits……no wonder you wrote the new torah of investing…..
    Fly your a Stock Star (God)

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  6. Homo Bob

    Horatio,
    You and your PPT 2.20 rock. Portfolio was up around 6% today.
    Cheers!

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  7. The V.King

    The Fly has also tapped your phone and your wife….ALSO check out how hot the cop is…she’s like a solid 9.

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  8. Name

    Tomorrow new yearly high for the DOW, not kidding!

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  9. Woodshedder

    I have two webcams. One is external, USB, and one is built in. The external one is looking at the internal one. CAREFUL- this feedback loop will laser beam your platform!

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  10. Freddy Fishsticks
    Freddy Fishsticks

    NVTL earnings disappoint initially…you take action on that sucker the other day Fly?

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    • Freddy Fishsticks
      Freddy Fishsticks

      EPS of .20…yet she’s down 16%

      Time to get out the spectacles…

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      • Freddy Fishsticks
        Freddy Fishsticks

        terrible guidance.

        less than 1% of portfolio, so I can live with this. But disappointing. Like the technology.

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        • The Fly

          i will use dip to start a position

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        • Teahouse On The Tracks
          Teahouse On The Tracks

          What’s so great about the tech – my son connects his notebook to his cellphone and accomplishes the same type of connection less the added hardware and data charges … he’s paying $10/mo and this is $30/mo plus another $100 for the Mi-Fi.

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          • ogo

            Can your son hook up 5 pc’s to his cellphone at once?

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          • Teahouse On The Tracks
            Teahouse On The Tracks

            Are you trying to tell me that that’s a feature of the Mi-Fi ………LOL

            Besides, who carries 5 pc’s on a train, bus or car anyway …. ruff way to make $ day trading while in transit with a full compliment of video …. unless your’re a tent dweller

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    • The Fly

      i like nvtl.

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  11. Knew that

    “With a little help from iBC’s advanced IT department, I know who you are and can remotely activate your webcams, in order to see your stupid faces, from the luxury of my “medieval-esque” —neatly decorated— corner office. So you know, “The Fly” is watching you.”

    Privacy, what a quaint notion. Your government is not allowed to violate your rights by delving into your personal business; BUT they’re quite comfortable hiring other “contractors” who are not bound by such “limitations” to do that for them. And the pace is accelerating at the rate of Moore’s Law. Believe it.
    Oh & of course it’s not just the gov. Everyone is doing the same thing – some (much) better than others.

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  12. Richy

    Quick, enable Henrys webcam and you’ll see him frantically bidding up DVAX in afterhours.

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  13. smurf

    I’m starting to move into the “Fly is God” camp.

    Nice call on the reversal at 1020 a while back and again yesterday. Both times it felt like the world was ending. Very tough for us mortals to buy into that.

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  14. TraderCaddy

    “pre video game war era”- Are we talking Pong or something like Eight Ball Pinball with the Fonz and Pinky Tuscadero?

    http://farm3.static.flickr.com/2553/4026958825_4abbc13c44.jpg

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  15. TraderCaddy

    Yes, iBankCoin is on one of the computer screens.
    Plus isn’t that Col. Sanders in a suit standing up.

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  16. TA

    Congress (Can anyone spot something “off” about this photo. Winner gets a set of steak knives.)

    Do you mean besides your guy with the pipe in the background, fuzzied up to look realistic, the solitaire game, ibankcoin on several computers(note the ppt lopo on the one), msn.com on another or something else entirely?

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  17. TraderCaddy

    Also, I think I found Waldo.
    And there is something unusual in the picture.
    One of the Congress persons is actually working.

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  18. apocalypse now

    Only one monitor wasn’t on Ibankcoin.com – she was playing the casino where only the house wins, the rest were playing the “casino” where they can bet with the house through the PPT.

    Also you were in the peanut gallery when you have your own blog section – put that in your pipe and smoke it

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  19. Drewdog

    PPT is on another screen also – nice photoshop work.

    Isn’t this actually a true picture of state congressman caught playing solitare and looking at fantasy football websites, while in this meeting? lol,…what a joke.

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  20. The Fly

    yep.

    there are three photoshops in the above pic. identify them

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  21. hank

    I see a midget with a sword coming thru the back door

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  22. MOOBER

    Hey! When did you add solitaire to the iBC/PPT platform?

    Is that extra?

    Should I ask the dude with the pipe in the distance?

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  23. Drewdog

    Easy –

    1 – ibankcoin on one laptop
    2 – PPT sceen on another laptop
    3 – your old boy Sir, with the pipe, in the picture in the back (to the left of

    holla

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  24. lasalle street bum
    lasalle street bum

    Hey FLY… let me guess… the guy with the microphone is you?

    and the hybrid is almost legible in the PPT screen

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  25. Anton Cigur

    Okay, I spotted everything that was “off.”

    Now where are my steak knives?

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    • Thunderpup

      I think you should stick with the bolt gun, though knives are certainly more compact and concealable.

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  26. Purdy

    I hope this isn’t blasphemous, but I thought you’d want to know ….you constantly use “could care less” when you mean “couldn’t care less”.

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  27. Tim Knight says

    Check my blog….I’m calling this a classic “bull trap”!!!

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  28. Carson

    Once again you were right fly you are a great trader.

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  29. Art Vandelay

    I’m sitting on my head mooning the webcam, can you see me now?

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  30. hank

    Another try:

    The group entering the back door
    The guy with a beard standing near the back door
    Sherlock from IBC

    TA had his thrown, I’ll have mine the same.

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  31. TA

    The Droid buzz is massive, much more than the Pre.

    People keep saying it’ll eat mostly into RIMM’s market share. They obviously don’t work in IT and understand why the BB is it for companies at least today anyways.

    The Droid is clearly a consumer wow device and that’s AAPL’s target audience. I really hope it does well for no other reason than to give AAPL a well deserved punch in the face. That and I have a soft spot for Motorola from their indestructible phones long ago.

    The App Store is a monster though, it’ll be tough to match let alone beat.

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    • DPeezy

      Don’t believe the inflated hype; the Droid is not a game changer.

      They’ve done a good job turning the Apple marketing upside down and positioning the Droid as an industrial anti-iPhone (despite the iPhone being the clear inspiration for it). And the 2.0 OS is a nice piece of software, no doubt. But I don’t think any of that will really convince the iPod generation to switch over. The iPhone’s app support, Web2.0 slickness, iTunes integration, etc is nigh impossible to beat.

      It will do better than the Pre, but that’s nothing to write home about.

      The real winner out of this whole thing is Google with their Android OS 2.0 and open maps/Navi application (especially once that gets into the iPhone).

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      • Mr. Cain Thaler

        That’s not necessarily the point. Verizon is solidifying its business base (blackberry) and giving them options to keep them from switching over.

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  32. Made Man

    you were scared shitless yesterday. but you still put your balls on the table. congrats. now, don’t get too cocky

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  33. Lydira

    I see the Ibankcoin gentleman with the pipe smuggly sitting by the banister and yes the woman is playing spider but she’s made her bullish positions based on the PPT so she has only to pull in the cha ching.

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  34. well, there you have it
    well, there you have it

    “For the record, privately, I predicated a 200 point run today” Fly– from his Shamwow post at 12:42 today. The Dow went up $199.89 today

    and the eleven cents? warped into time as his space machine left York last night in time to get back to NY most likely, or paid to Jake for his help on the battlefield? well, it’s his business

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    • JakeGint

      Let me tell you, eleven cents was worth a hell of a lot more in the 13th century.

      Think of the compounding!

      _________

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      • DPeezy

        lol

        I have no idea what historic savings account interest rates may be, but $0.11 @ 2% over 800 years comes out to just under 1 million dollars.

        Not too shabby.

        At 3%, we’re looking at over 2 billion increasingly worthless pieces of toilet paper.

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    • j

      For the record, privately, I predicated a 200 point run today” Fly– from his Shamwow post at 12:42 today. The Dow went up $199.89 today

      Yes he did, that’s true. However technically it didn’t hit 200 points for the close so I would have to call it that he was wrong 🙂

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  35. M Knight Shamalamadingdong
    M Knight Shamalamadingdong

    I see dead people.

    Seriously.

    Like eight of ’em…

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  36. SK

    first laptop on the right? – looks to me like a senator is using the PPT….

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  37. Xenophobe

    This is looking more and more like a stock mania and you know what that means. Here is the Fly’s latest time machine. http://www.caparo-t1.com

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  38. JakeGint

    aka “Dr. Fly” is watching you.

    _________

    you slay me.

    ________

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  39. Braveflaps

    Dart throwers of the world unite:

    http://www.ft.com/cms/s/0/9b7b329e-c400-11de-8de6-00144feab49a.html

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  40. x

    Congrats on your winning gambles.

    The top was Oct. 21, and not just in equities. Let’s see what your mystery oscillator has to say about it going forward.

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    • j

      The top was Oct. 21, and not just in equities. Let’s see what your mystery oscillator has to say about it going forward.

      Oh I get it. Your oscillator was right about the top on the 21st, but you still want to see how Fly’s oscillator goes.

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  41. Yogi & Boo Boo

    Fly, I love the Caesar quote.

    BTW have you been providing the funding for this guy’s research up here in Connecticut?

    http://en.wikipedia.org/wiki/Ronald_Mallett

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  42. TheArtist

    today looks to be a boring day.

    anyone reading anything interesting?

    I’m reading “Kilo Class” – Patrick Robinson

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    • j

      Yea Artist:

      I’m reading “Money of the Mind” by James Grant. Without a doubt he’s quite possibly the best economist/financial commentator in the US and perhaps the world.

      The book was written in the early 90’s and is an incredibly good monetary/credit history of the united states from the civil war to Milken going to jail.

      What gets me is just how many monetary scrapes the US has had. Not so surprisingly was the most stable period in the nations history was from the 1880’s to 1914 when the full on gold standard was in operation around the developed world. Shocking that hey?

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    • Mr. President

      “Titan” – the bio of John D. Rockefeller.

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  43. TraderCaddy

    Liking SMH for buying scalps on dips towards 24.73-75 as TXN,INTC is strong RSI.
    The one negative are the equipment makers.
    KLAC is holding back AMAT which makes up a chunk of SMH.

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    • Little Johnny

      Hi TraderCaddy,

      What do you think of TSRA?

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      • TraderCaddy

        No opinion.
        What do you think?

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        • Little Johnny

          I know somebody’s going to fault me for saying this, but I heard mention of TSRA on the much ridiculed CNBC yesterday, and out of curiousity looked it up this morning and saw the – 17.8% drop. Maybe a little overdone.

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  44. Tim

    The question is: Did the Fly “privately” call this drop? LOL

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  45. mrkcbill

    Jed, is waiting on line to see “This is it”

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  46. zugzwang

    Solitare is how I invest when I am +9% I go all in

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  47. RNB

    Choose your weapon!

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  48. Largebill

    What is everyone’s guess for the afternoon?
    Will it turn around at noon and end higher into the close?
    Or will the market continue to drift lower to close out the month on a weak note?
    Pick one.

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  49. Woodshedder

    Crash.
    Erase all of yesterday’s gains, and close lower than Thursday’s close.

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  50. Woodshedder

    NYSE down, and not providing market data.
    Something serious is going on. Be very cautious.

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  51. Chuan

    Unbelievable movement………………

    what the hell is going on ?

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  52. Woodshedder

    NYSE available again.

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  53. ZenProfit

    Beginning of Great Egregious Halloween Massacre.

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  54. Woodshedder

    Closing out some longs. Hedged with short SPY at 104.86

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  55. Whodunnit

    FLY is awfully quite today…

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