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
21,264 Blog Posts

STFU

I don’t go to your house and tell you what brand of disinfectant to use when mopping the floor. I don’t barge into your office and demand that you swap out your old/bullshit blackberry, for a more advanced iPhone. Do not come here, to my internet office, and tell me—emphatically—how I should be managing money. I’ve been doing this shit for too long, too well, to take advice from anyone.

Let me explain my arrogance more specifically. If Warren Buffett himself came up to me and said “hey Fly, you’re a really neat guy. Why don’t you buy some Goldman Sachs Group, Inc. [[GS]] ?” I’d tell Warren to go fuck himself and to quit interfering in another mans business.

Most of you readers out there are mechanics or bullshit attorneys. You have to understand, this is my field of expertise. There is nothing that I take more seriously, than zigging through your zags.

For example: I own a shit load of Treasuries now, via [[TLT]] . And, I have some exposure to a badly bruised ETN: [[VXX]] , which will SOAR, should the market decline.

Do you seriously think I need you to lecture me, a God amongst men, about the inflation scenario and how it pertains to U.S. debt, with respects to yield? Or, do you think (be honest now) that I need to be reminded of how fucked up [[VXX]] has performed, during this bull run—an era without volatility?

Your financial advice is not appreciated and is of great offense to me.

See folks, when visiting iBC, you need to walk on egg shells. One comment too sly and you’re fucking banned for life. One little derogatory remark about the good/honest people at Goldman Sachs— and you disappear off the face of this site. All traces gone. Poof!, as if you never even existed.

In summary, “The Fly” wins all the time, even when you think you are right. I siphon your winship!

It’s a low probability bet, fucking with Senor Tropicana. I highly recommend you to go fuckkkkk yourself, instead of messing around with a space alien magician carrying a blood stained clawhammer.

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78 comments

  1. Rand

    Anonamous,
    Dude, one moment i have my junk up you poo shoot, the next you say ya gotta run out and pull someone elses junk out of their mouth. Boy, i am gonna slap you.

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  2. Goldie

    You forgot to say fuck.. Who wait.. Nevermind

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  3. Le Fly

    What exactly do you know about sophisticated money? I guess you got drunk early, you little leprechaun bastard

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  4. Le Fly

    I dont own sgg, just fascinated by the decline.

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  5. Le Fly

    Buffett eats at dennys. The man is mentally ill. A client of mine lives near buffett. Both my client and buffett are lunatics

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    • The_Real_Hmmm

      I bet he claims he got chicken finger grease on his Moody’s volumes when he put on that COP investment at historically high oil prices.

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  6. Le Fly

    Ca looks like ge put on 5lbs, but likely mass. He likes to lift weights

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  7. Da Mop

    I enjoy your writing quite a lot. But somehow I don’t think you are offended by anything. Nobody who has the knack to write like this is but it’s entertaining to read nonetheless.

    Is is legal to marry a Keurig machine? Just asking.

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  8. BernieCornfeld

    Are you channeling Hugh Hendry again?

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  9. Anonymous Coward
    Anonymous Coward

    I don’t go to your place of work and pull the cock out of your mouth.

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  10. mrkcbill

    FIG

    My father-in-law spent the week with us…..couldn’t wait to show him my Keurig.
    At first he just stared at it for about two minutes. Then he went to work…after I told him those little jiffy cups are about .33 a shot. He started jimmy rigging that machine 6 ways to Sunday. He had various paper filters and ground coffee contraptions running thru that sucker. After about the 2nd day he was bragging pretty good about his yield. Good Stuff.

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  11. Le Fly

    Lol. Come on gil!

    Performance is not judged over weekly time frames

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  12. eisensteisn

    Your TLT is a bad bet. I recommend laddered treasuries instead. Look it up, it’s a better strategy for treasuries. If you must own them. Also buy some more FTK. It has done so well for you.

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  13. MOOBS

    I siphon your winship!

    funny.

    and what is this clawhammer you speak of? Horatio?

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    • Indie

      zigging through your zags.

      tight shit!

      btw, off topic.. just watching CA.. is it just me or did he gained weight? The man need to lay off the sugar drinkz. this stuff got too much calories.

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  14. Dayman

    Do you want to go rollerblading and let off some steam?

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  15. Poof

    “My Handle” your bullshit 5 figure etrade account is gone

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  16. Chin Music

    Mark my words, sophisticated investors are not sitting around dabbling in the likes of VXX, SGG, or TLT. Please brother, you are just embarrassing yourself now.

    Son, you need to STFU.

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    • HuggieBear

      And what is it you think these sophisticates are doing my friend? Are these all the same sophisticates who recently took it up the arse across the board?

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    • Indie

      Sophisteekates are doin in the money calls off the counter with market markers. atm AH across the globe.

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  17. Hugh

    Hendry says people do not care about your opinion only how to profit from it. shut up. jerks.

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  18. RC

    Best.Post.Ever.

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  19. Rand

    Personally, i like pine sol myself, it adds that woodsy smell to the catbox in the corner

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  20. Danified

    There is just something creepy about Buffet living in a home for that extended period of time. Perhaps he has excavated a massive hole, re-bared it, concreted it in and filled it with gold bars? That or it is some sort of self-sabotaging therapy issue. Even my grandparents from the Depression upgraded from the trailer to a house on stilt’s. Shit, at least he can upgrade the damn windows.

    With that said, his most famous words: Don’t buy when everyone else is buying.

    A lot of euphoria buzzing about. Also, some damn good plays. Playing the euphoria is good, getting stuck in a rip current… ummm…. not so good. So many people who were in cash are now loaded up. Thinking out loud. I am sure Jake will set me straight…. lol

    With that said, I have been mainlining the VXX on it’s 52 week lows and almost in green. That is sic in it’s self. It has almost become a Fazcrack…. Sweet obsession or absolute stupidity?

    We go higher, we go lower? Frankly, I could give a shit. I have upgraded my windows with bullet proof glass and concreted a burrow to store gold and the new Amero’s. That is all…..

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    • killderiche

      Everybody else is NOT buying now. The smart money is, and has been.
      Eventually the lemmings like you will get sucked in. That’s the SELL TIME!

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  21. softbatch26

    Yes, i like my arrogance specific, that meandering general arrogance sucks goat balls.

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  22. douchebag

    Absolutely fantastic but deliciously smelly

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  23. Sebaco

    China Opens Most Stock Trade Accounts in Three Months

    Investors opened the most accounts to trade Chinese stocks last week in three months as households shifted funds into equities to protect against faster inflation.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aAgkEcAQuK0o&pos=7

    Implications? FXI or FXP

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  24. scum bucket bitchez
    scum bucket bitchez

    You shouldn’t let your wife write your blog posts for you fly, she has a potty mouth. lol

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  25. Caffeinated

    Well orchestrated post, but really miss the secret messages.

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  26. Chin Music

    You banned me because i call you out?

    How fucking childish and lame is that? Fucking weak.

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  27. Dr Fly

    No. I never ban people for “calling me out.” I ban people to A. inconvenience them. B. because they annoy me.

    See Chin balls, this is not an open forum where you get to shit on me, because you “feel like it.” Oh no.

    Before that happens, I get to send you to redirect pages or isolate your locale and have someone punch off your favorite mustache, while you are sipping on that faggy glass of chardonnay.

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  28. DIrk Diggler

    http://tinyurl.com/yea5922

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  29. Dr Fly

    BTW:

    Just to clear up site policy:

    I have people banned all the time. And, I unban them too. All you have to do, as indicated in the redirect page, is APOLOGIZE for your indiscretions and SIN NO MORE. I will set you free, no questions asked.

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  30. illmighty

    What ever the tiny leprechaun’s decide to do tomorrow, may they provide a wee bit o’luck to my vxx, sds calls, and fslr puts. Either way…I’ma gonna drink Smithwick’s all day.

    The iBC logo is poppin’…love it!!

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    • JakeGint

      Let me make a suggestion….

      Bell’s Hopslam, from Kalamazoo, MI.

      A better nectar I don’t believe I’ve sampled.

      _______

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  31. monaybot

    hes nervous

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  32. chuck bennett

    Hugh is da man.

    BEXP and PAP are interesting ones. why dont you guys bid up IOC for me, I need to unload some call options.

    regards

    chuck

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  33. Obama's Parole Officer
    Obama's Parole Officer

    I got banned from iBC once:

    http://ibankcoin.com/banned.html

    That shit sucked.

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  34. MOOBS

    I was banned once too. It happens.

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  35. Fabian

    Senor Tropicana-
    We’ve been struck by your new found maturity while holding vehicles of investment that hardly qualify.
    In the old days of impestuous youth, testosterone, and fueled by energy drinks, you would have given in on day three and succumed to the siren call of Performance.
    Yet, here you are, content and disciplined whilst underperforming…by choice.
    Quite like a dignified elder statesman.
    What you are losing in performance, you are gaining in respect.
    It is a time honored tradition of elderly investors…
    Underperform, with dignity and honour.

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  36. gil

    Fly…must reading every. day..but you have been on the wrong side for three weeks now..can you not show us how to make coins again?

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  37. Dr Fly

    Gil

    No, since I am not your fucking circus clown. If you want to see elephants, go to the zoo. I am trying to accomplish something here, for the NON ADD addled crowd aka “real people in my life.”

    While it’s true, I have missed out one some gains, remember, my cost on TLT is $89 and I’ve been long 30%+ the entire move, with zero shorts. My VXX position is brand spanking new.

    So, Gil, tell me, where am I underperforming?

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  38. tgarfield

    Hey at least you weren’t short the whole pop. Even Cramer was worried near the pull back.

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  39. Dr Fly

    Exactly.

    I admit calling the move wrong. IT HAPPENS.

    What is important to know and recognize, I minimized my incorrectness and actually morphed it into a WIN.

    Hence the term, The Fly wins all the time, even when he loses.

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  40. gil

    No, you are not underperforming the S&P over the last three weeks. Are you staying defensive ? what will make you go very long..or very short? or should we just collect TLT dividends?

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    • Mushroomz

      are you some sort of retarded robot?

      *robot voice* WE SHALL COLLECT TLT DIVIDENDS

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  41. The_Real_Hmmm

    April 1, 2010 is National Census Day. The government is looking to hire over 750k temporary workers by May for their little matrix inventory game. Some areas pay $17.75/hr with reimbursement for traveling. I’m going Waldo at a barber shop in Candy Cane Land on their asses, minus the gay hipster Brooklyn look.

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  42. JakeGint

    Special “Irish Day” Post and consequent imploration, featuring the real translation of “too rah loo rah looh rah!”

    ___________

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  43. Mushroomz

    Tim Knight is the biggest douchebag loser I have ever come across on the Internets

    LET IT BE KNOWN

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    • j

      Mush:

      That’s hilarious. I don’t go there any more because I used to feel exactly like you after hitting that god awful site. You feel like you have been intellectually violated. Never go there and you won’t have those feelings again.

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  44. Trading Nymph

    I actually totally agree with positions…

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  45. deez

    Goddamn, posts like these are why I follow you. Nice work

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  46. Richy

    Lets say you’d been in a coma for 6 weeks and woke up and the first thing you did was to read this post.

    You’d know that the Dow was above 10,500 without fucking doubt.

    Classic cursing, classic fly.

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  47. Braveflaps

    Indeud. Classic Fly – of the fall of 2008 vintage.

    And what does that tell you?

    Also, with Ballchinians recently sighted in these precincts, can Men in Black 3 be far behind?

    Can someone find me a part?

    Seriously.

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  48. monaybot

    I think im done here… parhaps I’ll check back ina year to reminisce
    bye folks

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  49. neckbou

    Did the Fly really buy $VXX? Is he really that stupid? I think he is yanking our chains, and if you want my advice Fly…

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  50. Unemployed

    Previous low on the VIX this year was 16.86 hit on JAN 10,we just broke through and hit 16.65….Should make for an interesting trading day

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  51. Unemployed

    You gotta love how the robots simply buy up SPY and everything follows

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    • Alvari40

      Except HOG – love the way it is setting up here for a day trade short.

      __________________

      FCX: Love ya since you got back to $80. Copper keeps moving $3.42. Keep an eye out for the end of the month with China. Any tightening will be the end of commodities for awhile.

      ___________________

      USU: Keeps moving higher – now at 5.44. My Target is $6.50. Up 27% since the call went out when Oshamalamadingdong spoke at SOU. Short interest is still 14%. The squeeze will keep it going as well the recent good news. Love you long time USU.

      _____________________

      DNDN: Made a nice move from $30 to $36. Has been consolidating for the past couple of days. Favus is squawking again. Last time this happened, DNDN popped from 30 to 36. This may just what we need to get to 40.

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  52. robert

    all y’all banging on the vxx trade are idiots. your first step is to start here:
    http://www.google.com/finance?chdnp=0&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chdet=1268856000000&chddm=1955&chls=IntervalBasedLine&cmpto=NYSE:VXX&cmptdms=0&q=INDEXSP:.INX&ntsp=0

    after that, consider the portfolio weighting to vxx.

    now, how much has been lost so far? the past two days have been bad visually, but how much has really been lost? and as quickly as it turns down it goes up where the other holdings probably won’t move as fast.

    all this in mind, now resume your banging on the vxx trade while qualifying it in the above context.

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    • Yogi and Boo Boo
      Yogi and Boo Boo

      Robert – as it has been said before: Don’t bother. Just let the asshats spout off. It’s not worth the energy.

      BTW. Thanks for the chart. I think it says it all.

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  53. Spooky

    Hey Fly,

    Did you read Hugh Hendry’s letter on deflation a couple of months back? I just saw it. From the looks of it, his bet is that reflation fails and we continue going down the deflation sinkhole, and long-term treasury yields, with a boost from US savers, head down again. Long USD and short risk in general. I found his read on China fascinating, and I really like the way this guy thinks. I couldn’t download it, but it’s been floating around the blogs. I think it would put a smile on your face. Cheers.

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  54. Vegas Martin

    I happen to love the good/honest people at Goldman Sachs too! You’re hysterical Senor Tropicanna/Space Alien Magician.

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