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
23,431 Blog Posts

Racing to the Sun

jan_2010_the_apparition

In early 2009 I started going long stocks at the height of the credit crisis, give or take a week or two (some of you are just so sensitive). Do you remember what stocks I started buying?

Survey says:

GUNS!

I started buying Sturm, Ruger & Company [[RGR]] , Smith & Wesson Holding Corporation [[SWHC]] and Big 5 Sporting Goods Corporation [[BGFV]] , because I was past the point of caring. The way I figured, we were on the verge of a massive “ape-rape” and KING COCK needed to get his trade on, by way of an armed revolution. The trade was the easiest of my life, since it was do or die. If we shit the bed, there was a 10 out of 10 chance that people would start shooting thy neighbor in the face for warm winter blankets. If we didn’t shit the bed, everything would go up in unison and we’d all smoke weed, drink beers, and yell at the TV again, over idiotic football games or stark raving gay reality teevee shows.

Back then, I packed up my shit, put it in my spaceship (made from 100% dynamite), and headed out for the fucking Sun. I just went. No looking back or second guessing—just outer space exploration. By the way, I am still on my journey and I still don’t give a fuck. Sure, I have lots of money to slap people in the face with, if I chose to go that route. I guess it’s due to my modest upbringing and the fact that stock picking has always come easy to me (since 10 years old, motherfucker); but money doesn’t infect my mind like it rips through the souls of some of you clam fucking, backstabbing asshats. Just thinking about how lame some of you bottom feeders are makes me want to vomit on some random homeless guy. Hey, I’d be doing him a favor; it’s fucking cold outside and vomit is warm.

I value loyalty 10x more than hard currency.

The point I am trying to make, ever so boldly, I still have my fucking foot on the gas, heading straight for the sun, via egregiously large long directional trades—sans the hedges (they’re for bitches). Get in my way, I’m liable to “moon-stomp” craters into some of your faces.

Tune in tomorrow, when Senor Tropicana will invite you to his coin minting castle, much to the chagrin of the enemies imprisoned in his “detainment catacombs.”

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26 comments

  1. ecchymosis

    fig wow

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  2. Damon

    Speaking of the homeless…

    Q: What is blue and f-cks the homeless?

    A: Hypothermia.

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  3. Damon

    Just one more…

    Q. Why should we feel bad for the gay homeless population?

    A. None of them have closets to come out of.

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  4. TA

    It feels like 1999 where everything you throw money at it just goes up.
    There are far more amazing looking setups than I have money for.

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  5. slim

    Keep reflating, Ben!

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  6. Mushroomz

    I want some Drank

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  7. Vijay

    Indeud

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  8. JakeGint

    Hey, I’d be doing him a favor; it’s fucking cold outside and vomit is warm.

    Chortle.

    ___________

    much to the chagrin of the enemies imprisoned in his “detainment catacombs.”

    Oubliettes?

    _______

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  9. The Fly

    Yes. Trap doors. ” come take a look at this wonderful room (trap door open, down he goes).

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  10. The_Real_Hmmm

    Everything is going up in unison and people are indeed smoking week, drinking beets, and snorting cock.

    What’s the hardest thing about shorting stocks during a massive rally?
    Telling your parents you’re gay.

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  11. MOOBS

    My son has started picking stocks at age 8.

    Overheard a few nights ago while watching The Clone Wars in HD:

    “Hey Dad. You know what craps? When you have a stock and it goes way up and then straight down and then back up a little and you think it is going way up again but it only goes lower. That craps.”

    “Yes indeud, son. That totally craps.”

    Got me to thinking. The only thing that craps worse is when you are blinded by dogma, get short a bunch of stocks, and they grind higher and higher until you are incinerated by the sun while some dude in a spaceship made of dynamite flips you the bird.

    Now THAT craps.

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  12. j

    Yes it does feel so 1999 except for one thing, which was a very interesting piece in the Economist . It will eventually die of course and when it does the entire edifice built on dog turd will come tumbling down.

    http://www.economist.com/opinion/displayStory.cfm?story_id=15213157&source=hptextfeature

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    • Yogi & Boo Boo

      Good article. It does seem we are living in a market era not unlike the unregulated boom bust cycles between the US Civil war and the Great Depression. I agree the most troubling aspect of the present time is the debt burden being assumed by governments. I doubt it will end well.

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  13. Greybeard

    we’re quite in the league of 1999 or 2007. perhaps those who glean riches in the form of knowledge from this site are, though.

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  14. BuffaloUdders

    Truly prose whorthy (sic) of Le Fly.

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  15. Anon #1

    Gold going up pre-market. Are Gold stocks a Buy now OR is this a fake out?

    http://www.kitco.com/charts/livegold.html

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  16. niklas

    Dear Fly,

    1. I love your comments on the stock market. You’ve carved out a nice little niche between the fundamentalist TA guys and the boring number crunchers. Well done.

    2. Womit on homeless people? Really? I know you’re just trying to sound cool and that, but what if someone you know, or even love, gets hit hard by life. You’d puke on that person? Just curious.

    Best N

    P.S. bought SQM

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  17. Mike_from_ATL

    What happens when the Fly, in his dynamite spaceship recommends a stock at the same time Nathaniel on Slope does? Is it like an anti-matter – matter collision?

    The stock is SQM

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  18. Caffeinated

    I gladly accept the invite to the coin minting castle, and like most, accept the required full body search for security purposes.

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  19. Speculation

    Lots of good stuff out there today. SOLF, ERX, LNG, LVS, CAAS, FWLT, FEED, GNK

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    • Skeptical

      “Lots of good stuff”

      Then buy some of it premarket, asshat.

      Oh, changing your mind now?

      Board needs a filter for stupidity.

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  20. The Fly

    As a matter of fact, yes!, Id vomit on any and all homeless people. So sorry.

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  21. TraderCaddy

    Watching VIX via VXX on gap down.

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