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

Black Flag Trading

As an aside to today’s fucked up tape, why do southerners eat pork fat sandwiches? I am not talking about pork meat with a little fat. Those dixie fuckers eat the pork belly like gluttonous slobs. Make no mistake, something is wrong with those people.

The market got hammered today, as fears of the middle east unraveling into an unfixable shit heap festered the pigeon sized brains of investors. Saudi Arabian tanks in Bahrain is not exactly what we need to calm down the oil markets. At this point in time, I can only endorse a heavy gold/silver position. I am long other names, almost as a hedge against a cessation of violence. Should things simmer down, stocks like OPEN will rip heads off.

Which leads me to my next point: Seeking Alpha epitomizes rogue journalism. How many times have those assholes manipulated share prices vis a vis washroom analyst hit pieces? Today’s victim was OPEN. I will not attempt to rebut his argument, as it is absurd. Basically, this jackass is claiming a free restaurant reservation model will emerge and eat away at OPEN‘s margins. BULLSHIT. I told you before, the only real threats to OPEN is Yelp.com and Tripadvisor.com. Both of those companies have opted to partner with OPEN, instead of competing. God willing, OPEN will solidify their position by buying both companies. If they do that, OPEN is going to (wait for it) $300 per share.

For the day, it appears I lost less than 0.2%. Anytime you can lose nothing as the market gets clawhammered, it’s a good day indeud.

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45 comments

  1. chivo

    You need to post some more bachata…

    http://www.youtube.com/watch?v=Spz1YgguUOM

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  2. Treepart

    Cracklin!

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  3. bear with a full head of hair
    bear with a full head of hair

    is that what they call a down trend day?

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  4. Bullish

    And people wonder why southerners are so slow at everything – must be the poor dieting.

    SA – are a bunch of assholes.

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    • checklist

      Agree. A lot of content, but sa somehow just bothers. Every post is an ad

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  5. mrkcbill

    Cement Head wins again!!!

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  6. Blind Read Ant

    Yeah. some trance.

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  7. incarcerated Bob
    incarcerated Bob

    Did you move down south or just visiting?

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  8. Quint

    I think you need some healthcare/drugs/con-staples in that portfolio…preparing for the coming recession.

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  9. panamaorange

    SPY shorts are burning too much ammo,between today’s sell off,and the one from last week.They should save ammo for March 11 Saudi protests. High volume afternoon capitulation selling, into steep bullish descending wedges, is not a bearish omen for tomorrow. If anything, it looks like another bear trap.

    As far as the subject of pork sandwiches……

    http://www.youtube.com/watch?v=N4OPr_QxoFg

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  10. drummerboy

    dont fo get yo pok salad annie wif dat poek yuz gonna hav.come on dude,demfolk eats pig like you yorkers eat beef. you duz like dem,and for sure your arteries will clog

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  11. go2mars

    So Fly,

    Are you going to get long big oil and idle the FAZmobile soon?

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  12. norcal

    Speaking of Black Flags and shit…why don’t we bomb the fuck out of Somalia and wipe these scum off the face of the planet?

    http://news.yahoo.com/s/ap/20110301/ap_on_re_eu/piracy

    Alternatively, we could invest in the Somalian pirate IPO:

    Mohamed said pirates were discussing how much ransom to demand for the Danish hostages, and added that investors backing the pirate gang were angling for a large sum.

    A British sailing couple was released in November after more than a year in captivity. Reports varied how much was paid for their release, but it was believed to be around $1 million. Pirates are now commanding roughly $5 million per hijacked ship.

    — Talk about banking coin…

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    • go2mars

      I hear that Russian oligarchs sometimes go sink a few pirate vessels off the coast of Somalia just for fun. That was a few years ago now. I wonder if they still do, or if the pirates are on a more equal footing in terms of equipment.

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  13. Biff Uppington

    Since you are a fellow gentleman, and a genius according to Mensa. I will purchase this Seeking Alpha thorn in your side, and shut it down. When the common folk start to aggravate the gentlemen class, stern action is warranted.

    Cheerio
    Biff Uppington

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  14. TMoe

    Haven’t read Seeking Alpha much at all. But I don’t think that OPEN can keep up the revenue growth. Just taking a macro look

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  15. alphadawgg

    Southerners eat pork smothered in thick white gravy, sprinkled with white flour.

    I think if you could keep fat suspended in a semi-liquified emulsion, dyed it green and called it “Mountain Doo” they would drink that, too

    Quite unhealthy folks, y’all..

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  16. Teahouse On The Tracks
    Teahouse On The Tracks

    Indeud …. down .7% with an assist from QID, SDS, TZA & VXX

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  17. Jim Swarthout

    Been living in the South for the past 30 years and have never eaten or seen pork fat sandwiches. Nice try on the stereotype though. Kinda like saying all you yankee bastards are rude, abrasive assholes. Oh wait, nevermind, maybe stereotypes are true after all.

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    • Blind Read Ant

      All yee all, never visit California, you’ll wanna puke.

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    • go2mars

      From Calgary with regular forays to the South, I can say that with decreasing lattitude, the pulled pork sandwiches tend to drip a little more, that sandwiches are trimmed less carefully, and perhaps most telling, the people get fatter. Interestingly, this same trend seems to hold north of Calgary too.

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  18. Teahouse On The Tracks
    Teahouse On The Tracks

    OEW (EW) Daily Recap:

    “The seven month medium term uptrend from July10-Feb11 appears in jeopardy and is very close to a downtrend confirmation. Any additional selling in the days ahead will likely trigger it. We’re still counting this entire uptrend as Major wave 1 of Primary wave III. A downtrend confirmation would be labeled Major wave 2. Support would likely be in the area of Int. waves 3 and 4 of this uptrend (SPX 1173-1227). That’s quite a bit lower than current levels. Short term support is now at the OEW pivots 1303 and 1291. Overhead resistance is at the 1313 pivot, 1318 and then 1332. The market ended the day oversold short term. Uptrending Crude is still controlling of this equity market.”

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  19. TraderCaddy

    Southerners like pork sandwiches (especially pulled pork) because of their high standards.

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  20. MOOBS

    Does pork fat sandwich = thick sliced bacon?

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  21. Alvari40

    They eat that shit because they haven’t met this guy: http://www.youtube.com/user/liferegenerator?feature=chclk#p/u/4/8lUiwj3ongs

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  22. Treepart

    How about EXK today. Lordy what a strong move.

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    • carsony

      i wished i would have got in that one when it was in front of me at 5.50 a share

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  23. Aristotle

    Aaarghhh! Slapped in the scrotoids with a hot slice of pizza by this bitch of a whore market!

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  24. carsony

    fly thanks for your word of warning today about possibly a selloff..it save me from being baked on a specific position.

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  25. speedius

    Fly – Southern food ain’t all bad. If you are in the Charlotte area, you should check out the King’s Kitchen. Reservations available on OPEN of course: http://www.opentable.com/the-kings-kitchen

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  26. dan scallion

    fly : you might be right but then again how many 90 year old southern grandmas do you see ? might be hard work negates the bad diet . or they are just tuff mfr’s that can eat nails for breakfast and outperform all day might be a book ? could start a resteraunt with charlie sheen as spokesperson ? Slogan ” they lie ! This shit is the shizzle trust me ? “

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  27. Kenny Fucking Powers
    Kenny Fucking Powers

    Getting long on some futures right now. Prepare to fail Bearfucks.

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  28. Biff Uppington

    A video is worth 10,000 and 1 words http://www.youtube.com/watch?v=3ou4gnalSDo

    Cheery Pip
    Biff Uppington

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  29. Cascadian

    Try an LA Bacon Bomb~

    http://www.glutire.com/2009/01/bacon-blast.html

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    • go2mars

      Thanks for that. Did you see the link to the bacon bra? Wow!

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  30. theedge111

    “LIES upon layers of lies.”

    You taking about 98% of the bullish media or the 2% of sites like SA that actually give an alternate view.

    Talk about Bernanke in front of Congress today if you wanna talk about lies.

    Stocks are at a 24 P/E which is the highest seen since the tech bubbles. Valuations like this when oil rises above $100 is a recipe for disaster.

    I think there are easier targets than Seekign Alpha.

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  31. readerreader

    god DAMN this was eloquent:

    “The market got hammered today, as fears of the middle east unraveling into an unfixable shit heap festered the pigeon sized brains of investors. Saudi Arabian tanks in Bahrain is not exactly what we need to calm down the oil markets. At this point in time, I can only endorse a heavy gold/silver position. I am long other names, almost as a hedge against a cessation of violence.”

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    • Po Pimp

      Like the Middle East hasn’t been an unfixable shit heap for the last 2,000 years or so.

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