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

Done For the Year

As I’ve been stating inside The PPT and 12631 for weeks, the high for the SPY in 2010 will be $126.31. It is not a subject up for debate. Just know and understand, that’s the way it has to be.

I made a plethora of trades today, none of which have been reported on this graffiti infested forum. So let’s get to it.

I sold out of 75% of my EXK position and all of my REXX. With some of the proceeds, I bought OXY, PWRD, OCZ and more OXY.

Why?

Do not ask questions boy. Just accept the fact that things are the way they should be and I know exactly what I am doing. My cash targets have been reached, now registering at 52%. My year is over, barring some sort of insidious event that causes me to act rashly. For the year, I am up nearly 60% now, with much larger percentage gains in my psychopath /gambling account. I will take said gains and kindly tip my hat to all of you. Thank you for participating and expect to see more of the same in 2011.

I will continue to blog for the remainder of 2010; but it will be shallow, sarcastic banter, mainly to amuse myself.

Over the short term, I love PWRD, WTI, CMP and OXY. That is all. Be well.

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33 comments

  1. Jay Biddy Trader

    Wish you would have held ATPG one more day. You would have been rewarded.

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  2. Diamond Dave

    Great year..congrats
    I

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  3. Panda bear

    Congrats Fly!

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  4. TheV.King

    Great job boys over at the 12631 … Love the new ad by the way for it!

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  5. pedro

    no longer a fan of silver? EXK almost looks too good to be true right now, i guess

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  6. pedro

    Also, are you still holding RAS?

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  7. Bullish

    Nice song choice. I see Wall St 2 just came out on Pay Per View this week. I intend to watch again this weekend.

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  8. The_Real_Hmmm

    CECO breaking out now. My largest holding.

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  9. jimmie

    I am smoking some good POTash today and spraying my walls with gratuitous graffiti

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  10. Quint

    126.31 can’t be the top for 2010…Doug Kass called the top at least 15 times already.

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  11. drummerboy

    this guy on the teevee saying the bottom is gonna fall out in mid feb. i say sooner.bwtfdik. noble energy finds the biggest nat gas find in history,in isreal.its said,that this will change the geopolitical climate forever. hotdog.

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    • Teapotdome

      Was that Zimmerman?

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    • Quint

      Then in Feb he’ll say it will happen in April around the 15th, then he’ll say, sell in May and go away, then he’ll say October is always a bad month…yada, yada, yada.

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  12. Hedgeanon

    O god need to hedge im long energy short oil i bot slv for dollar bull. O god today i went long faz and fas. i short sdow against that vxxxxx. short re against banks. ng against ag. europe sucks but were worse. i bot some bac just to get that feeling of blowing your head off.
    put some copper in deep freeze the excess supply they horde. what else…. i need my fix!!
    I need to heeeeeeeeeeeeeeeeedge!

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  13. BillTrader

    Thanks for a great year Fly!

    Your best move for the year, Chess and RC @ 12631.

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  14. eyh6

    congrats for another good year, sir.

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  15. mrkcbill

    Egregious

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  16. jg

    header pic today has me rofls in my waffles, btw….so effin’ ridic.

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  17. alphadawgg

    So,…..you’re saying 60% is enough for one year?….

    Congrats on a great year!

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  18. JakeGint

    Who knew that Mr. Gekko was a Kentucky Wildcats fan? Nice wardrobe, sieur….

    On other fronts, it’s the dollar’s do or die that will determine the samich, and where and when it is eaten.

    That is all.

    _____________

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  19. CDII

    Check out CDII! Going to triple and quadruple like SHZ!

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  20. Mr. President

    Holding TZA from about 2:00 yesterday, right or wrong.

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  21. Quint

    What the f@#$, there is something wrong with my screen…there are all these red marks on it…I’ve never seen that before…I’ve been trading since September and this has never happened…and poor AAPL, they need to get the next iExploitAmericasVanity device out quickly!!!

    Maybe if I just wait an hour, this will all pass…it always does.

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  22. TheV.King

    The V.King is about to announce his latest BUY…after I get filled….Bought 75,000 yesterday and it ran away from me…need another 25…developing

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  23. The_Real_Hmmm

    Sold my CECO: +7.5%. Bought ASIA at 16.66 on the pullback after the spike.

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  24. Good Shepherd

    FTK BOOST ON CNBC

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