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
20,619 Blog Posts

Just Don’t Bet Against Me

Fuckface.

That’s all I have to say about that. Oh, by the way, I went looong another 10,000 TNA @ $37.90.

The PPT called this fucker, to the day, once again.

Off to melt down houses with my fucking space rocket.

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78 comments

  1. Bullish

    Nice call PPT

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  2. nd4spdgt

    Dammit Fly. Just when I was losing all faith in you, you make the market do something like this and TOTALLY REDEEM yourself.

    Following you with all my dad’s retirement savings fully invested in TNA…

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    • Bullish

      Now that’s just funny… I sure hope you’re kidding on the Dad’s retirement

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    • The Fly

      I don’t need to prove shit to you or your fucking Dad’s bullshit IRA.

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      • nd4spdgt

        I was a PPT subscriber for a while, but I couldn’t figure out how to get it to work for me, or maybe I just didn’t have the time to put into it to get what I wanted out of it. That being said, it sounds like you’ve added a lot more features in the past 5 months than you had in the previous 12. I’m a small time investor so I’m trying to justify a year-long subscription considering I wasn’t seeing much benefit as a member.

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        • The Fly

          It takes commitment to learn how it works. This is not some bullshit ino.com or channeling stocks service.

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          • nd4spdgt

            At the risk of sounding like a smartass, isn’t the whole point of the PPT subscription to pay you for the commitment you put into developing the whole system?

            Granted, I love it, it’s a great system and I love the scores, the screens, etc. But at the end of the day, the actual advantage I had from the PPT on my bottom line was just enough to offset the monthly subscription. I’m not sure how your oversold/overbought indicators work, but they sound like a nice addition and they seem to be a better reading than the hybrid score which it seemed a lot was based off of.

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          • Spyder_Crusher

            The point of the PPT, as I understand, it is this:

            What is your plan for trading stocks?

            it has to start somewhere, be based on something, and end with a actionable conclusion.

            How did the PPT not help you with all of those things? Rating scales should be pretty intuitive. Scanning the market for stocks that have the criteria you select seems intuitive too.

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    • Dad

      Son, you’re doing WHAT?????

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  3. tradingnymph

    What does OTF mean? Off the Floor? On the Floor?

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    • Steve Place

      other timeframe

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      • tradingnymph

        Steve…Thank You….So if there was a buyer in Other Time Frame it would be someone from Asian Session or European Session?

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    • YaBollox

      OTF = On The Fly?

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      • tradingnymph

        YaBollox…I don’t think so, it was some OTF buyer that came in per gossip….would make total sense cuz China Govt seems to always leak econ data before hand and they have their trade data on Thursday…heck in the papers they were already hinting that it would be BTE, but they were also hinting about inflation so cutting back on stimulus……….this is so interesting……funny too that Copper bounced off of support at the time too…..but F/X not the lead dog……have to watch how this plays out.

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  4. Mr. President

    I’m surprised you haven’t featured “Drop the World” by Wayne and Eminem. The chorus features Weezy talking about getting in his space-ship and leaving earth, “muda-pukkas”.

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  5. Woodshedder

    Ahem…my Breadth Report called it as well…

    “However, the other indicators are at levels that typically indicate some stabilization or a bounce. Be careful here if you are heavy short. It would be pretty hard for breadth to get much worse today than it was yesterday.”

    http://ibankcoin.com/woodshedderblog/2010/06/08/mondays-breadth-report-9/

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  6. MarshalN

    This is a pretty weak bounce.

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    • Lokapujya

      If the Lakers win, we rally 300 points. If the Celtics win, we rally 600 points tomorrow.

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    • The Fly

      Tomorrow you get the real push.

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      • Teahouse On The Tracks
        Teahouse On The Tracks

        Fly has already seen the Celtics win tonight’s game via his SAM time machine … so sorry Laker fans, no need to watch the game @ 5:30 PCT … go eat a taco instead.

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  7. Alvari40

    Yen giving it up at the close.

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  8. Bullish

    Of course the day CNBC decides to run the story about liquidating at the end of the day… we melt up

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  9. panamaorange

    SPY and DBC can’t really crash unless emerging (EEM) starts leading moves down. Emerging/Bric displayed bullish divergence since may 25. Everyone at zero hedge laughed at goldman for pumping the the emerging markets last week. They won’t be laughing soon.

    http://www.youtube.com/watch?v=83ciwAd9D8g&feature=related

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  10. jimmie

    OTF =

    Over

    The

    Falls

    http://surf.transworld.net/files/2008/09/10/jones_a4g7474chopes.jpg

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    • tradingnymph

      lol…I would expect that answer out of Hawaii 5 0

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  11. Doc

    Phil must be doing God’s work down in Brazil with their GDP up 9%.

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  12. TheDr

    Ok fly, always on the right side of the trade like cramer and najarian. You should all have a show together. Any idiot retard that can read your past few posts can see your a douchebag jew just like your boy cramer.

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  13. TA

    Nice W bottoming action and good volume
    If this market wasn’t coming off a 4 week gay binge, I might take a few positions

    Not doing shit till it starts acting normal and that’ll take a while

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  14. Taqiyya

    TheDr is disgusting in ways that put Helen Thomas to shame. Get a life somewhere else while you are getting a grip.

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  15. Fly Leech

    I don’t get it. DIJA up 123. S&P up 11, TNA down 1%. I had no idea it was an inverse ETF.

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    • alphadawgg

      Money managers would rather sit in large caps during a downturn than the small caps. The thinking is that they will eventually see a better snap back to the upside on volume, whereas a small cap name gets put on the shelf and left there to collect dust.

      Many reasons why people do what they do, self-interest and self-preservation being at the top of the list.

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  16. jg

    lovely.

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  17. Tradingfrog

    I think I love you.

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  18. StocksRider

    Fly, does it bother you that short and ultrashort ETFs, TLT, etc. are still on top of accumulation ranking?

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  19. CosmoKramer

    Check out this kid falling asleep at Obama’s speech. Rather amusing.

    http://www.youtube.com/watch?v=QDVTHbvcwGs&feature=player_embedded

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  20. Gunners

    Obama is in the Whoomp There it Is video. no joke, check out 1:01

    http://www.youtube.com/watch?v=Z-FPimCmbX8

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    • CosmoKramer

      Is that Michelle Obama at about the 3:32 mark? It was 1993.

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  21. RC

    nice tune.

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  22. dumas

    I wish I were as smart as the PPT, then people would respect me too. But no, I’m a dumas.

    Things that the PPT is smart than:
    * All the brains on fast money
    * California and Illinois budget planners
    * Government of Greece

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  23. Le Fly

    No. It’s a tool that you need to study. Did you go to college so that the university could make you think?

    Ultimately, its your job.

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    • nd4spdgt

      Fair enough. But, I went to college and paid professors to teach me how to use tools I needed to learn. A college without professors is basically just a library, which, in most municipalities are free.

      Now, I don’t expect someone to stand in front of a whiteboard in a tweed jacket teaching me how to use the PPT, but then again I also don’t want to have to pull all-nighters over K-cups of coffee and blue Monster energy drinks just to figure it out.

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      • Jakegint

        STFU, and stop that incessant whining. There’s tons o’ perfessers in there.

        Just lurk in the notes room for a day. You’ll come out with a PhD.

        ______

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        • Yogi & Boo Boo
          Yogi & Boo Boo

          Well, it might take a week or two, but it’s certainly the FASTEST way to get up to speed. Remember, everyone gets what they want from the market. Some get winship, others want wineship.

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      • jg

        a truant, i see.

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        • Kenai

          The PPT engine is great. But the real gem in there is the community. They totally rock.

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      • MOOBER

        “I also don’t want to have to pull all-nighters over K-cups of coffee and blue Monster energy drinks just to figure it out.”

        Not to ring your bell too hard, but THAT’S EXACTLY WHAT IT TAKES! No shortcuts, no easy path, lots of mistakes, late nights. In short HARD WORK.

        Fuck man, take responsibility for yourself and step up. You will find a bunch of great people more than willing to come along side you and help.

        My dad gave me $500 and wished me luck. Through hard work, I’ve managed to turn that into $249 and an ulcer 😉

        You, too, can have an ulcer. You just have to put in the work.

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        • tradingnymph

          lol…you mean I CAN’T TAKE A WEEKEND COURSE AND BE A MARKET PRO…..lol. Actually all the research is the best part of it….well at least for me.

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      • Alvari40

        “I also don’t want to have to pull all-nighters over K-cups of coffee and blue Monster energy drinks just to figure it out.”

        Ok – don’t. Hope it works for you.

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  24. Le Fly

    I fucking teach u assholes daily. Stfu before i ban u

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  25. No One

    Punch dollar in the scrotum for me.

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  26. Below Me WIlly
    Below Me WIlly

    bet your dads ira on CARDS -125 easy money

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  27. Le Fly

    Do gooders

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  28. HuggieBear

    honestly, when can i expect my daily 40 points to resume? My retirement calculating spreadsheet is spitting out nonsensical fucking results now and I don’t know what to make of it.

    It was just 60 days ago that it was showing me being retired in just over 700 days. All of a sudden it is now showing me working until I die, and living rather insufficiently in the process.

    I believe the root of this lies in my not getting my 40 point allotments recently, but I’m still digging through the data to isolate the cause.

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    • Po Pimp

      Love how he points to the lawsuits regarding HAL’s acquisition of WEL as being proof of some vast conspiracy. I don’t think this dipshit understands that EVERY acquisition has the ambulance chasers coming out of the woodwork to file lawsuits claiming “possible breaches of fiduciary duty and other violations of state law”. They are looking for a quick payoff then they will go away. Believe that.

      It is also interesting how little knowledge he has regarding the way the oil and gas industry works. The cementing contractor will come up with a slurry design and pumping schedule. Then the operator (BP) reviews said design and either says go with it, or makes changes. In the end BP and BP alone decides what gets pumped down the hole. That is why they are taking all the heat and not HAL.

      Amazing that since this disaster took over the news cycle everyone and their brother is all of a sudden an expert on deepwater drilling operations.

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  29. alf44

    FWIW … the trading strategery for THIS MARKET … ya know … uhhh …
    … THIS HERE MARKET … IS … or, SHOULD BE …

    SHORT the BUMPS …

    COVER the DUMPS …

    and DON’T DIDDLE in tha MIDDLE !!!

    Pay no attention to the fuckery behind tha curtain !!!

    .

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