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

As it Pertains to The House of Fly

I’ve reduced my cash position down to about 15%. Just today, I bought size in ON Semiconductor Corp. [[ONNN]] and Eastman Chemical Company [[EMN]] , while initiating a position in Ctrip.com International, Ltd. (ADR) [[CTRP]] . My intention is to play the delicate game of balance, between my longs and [[VXX]] positions. Due to some underperforming longs, for the day I am down a staggering 0.52%. Considering I was up more than 1.6% yesterday, I am in good standing, fuckface.

I don’t know how much longer this market can defy gravity. Just know, The PPT is printing 3.08 like a motherfucker right now (no idea what that term means) and the euro is pissing its fancy pants again. Like I said a million times, it’s best to have a blend of long/short trades, especially when the news is fucked up and dark sinister forces execute buy orders from the grassy knoll.

Pardon my capricious demeanor, with regards to this market; but it’s the only thing that keeps me winning, ironically.

As for gold: ask Uncle Fucker, for he is iBC’s resident “Maharajah of the Metals.”

Top picks: ON Semiconductor Corp. [[ONNN]] , Eastman Chemical Company [[EMN]] with a [[VXX]] hedge.

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37 comments

  1. jg

    fig

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  2. Jakegint

    Gettin ready to backoff….

    ____

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  3. The Zombie

    Fucking hilarious post.

    The Fly is God.

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  4. T joe

    Fly, that guy really looks like you smoking a cigarette…but it is not really I guess, is it?

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    • The Fly

      Eh? I’m 33 you dick sucker. That homo on the front page looks like your Dad.

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      • T joe

        Well, OK, I guess I should say to be more accurate that guy looks just like I imagine that you look like, but maybe you look different. Please post a photo. Thanks*

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      • The Zombie

        “Eh? I’m 33 you dick sucker. That homo on the front page looks like your Dad.”

        HA!

        Welcome, T Joe.

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        • J

          Zombie, what brought out that outburst, as you’re normally a man of very, very few words.

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          • The Zombie

            J, I ate a few extra helpings of brains this morning. Catch me on the PPT “user notes” section. I won’t shut up over there.

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          • Jakegint

            All japes aside, I always thought the guy on the cover page right now would most closely
            approximate Chivas.

            __

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      • The_Real_Hmmm

        Well, only for a couple more weeks.

        You should get that cock sucking shufflepucker off the front page and put up a belligerent walrus like JP Morgan.

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      • Dayman

        I always pictured you as an eccentric, mid 40’s stay at home dad.

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  5. A Monkey with a crack problem
    A Monkey with a crack problem

    ONNN is a good company.

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  6. joe

    I have dedicated 60% of my stash to GDX short. This is the highest directional bet I have made in 17 months. Wish me luck. I think I might grab some short term GDX calls just in case. I want this fucker back to $42 again.

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    • Jakegint

      How is it this clown has any money left?

      He’s like a Mr. Devil Dog on the crack cocaine.

      I insist he get into the next ‘toon.

      ________

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      • notadumfuk

        I just bought the GDX May 54 puts for $1.31 stock at 53.90. I also sold the May 54
        GDX calls for $1.17. So I have 14 cents into the position with unlimited
        upside risk and downside potential. I will buy back half my short calls at 70 cents.

        Maybe this week’s Newsweek or USA Today Tomorrow will feature gold.

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        • Jakegint

          Yeah, because the market always responds immediately to such signals… 😉

          Just remember the sad case of “Huggie Bear” as you douse yourself in butane and dance around the Burning Man.

          Have a fire extinguisher handy.

          _________

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        • Yogi & Boo Boo
          Yogi & Boo Boo

          Sometimes I get chuckles out of the comments. Sometimes I just shake my head…

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    • J

      Another Australian I fear?

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  7. Le Fly

    Welcome to the site “t joe”

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  8. Jakegint

    CREE, on the other hand… doing better than TNA right now… yeeps.

    _____

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  9. buycurious

    There have been some insider sells in ONNN, guess the volume is not enough to bother the pundits here?

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  10. Taqiyya

    Am wondering whether wearing a fake silk smoking jacket is what enables one to blithely reveal both one’s long and short positions. Must be the flamboyance of the unbelting and opening of the jacket. Beware Taiwan Semi.

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  11. VoodooRiver

    Sir,

    Like little excited girls, everybody is in love with the shiny, yellow metal today. I remeber not long ago you were in that camp. How come you are not taking a side?

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  12. Purdy

    GS set-up for a long trade right here

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