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
23,449 Blog Posts

Fast Money

My beta is higher than yours because I want to make more. Some of you are content with making 11% per annum; I’d jump off the Empire State building if I was subjected to that. I haven’t lost money in the market since, oh, 2004. Consistently, I bang out 50%+ gains, every year, as if that shit was normal. Today I lost more than 2.3%, lowering my boon to a touch over 10%. I haven’t been killing it yet because I don’t want to. I’m handicapping myself so that you fucking retards can catch up.

If you doubt what I am saying to you, tune in every day and watch me destroy this tape or any tape tossed my way.

In my personal account, I took a drubbing in OPEN today. But, that was offset by my dicerolls in DPTR (closed out), MPET and KAZ. It’s a crazy hedge. But I am betting that shit blows up, taking the shorts apart in ambulances, leading to a monster rip in OPEN. Or, the middle eastern cavemen fuck with our chocolate syrup, lending to fanatical speculation in micro cap oil stocks. Hence my position is correct.

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32 comments

  1. TheV.King

    The Fly is LMLP(ing) it all over your faces…

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  2. clegger_2000

    Nice “Scarface” pic as it was featured on AMC this past weekend.

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  3. xxxHuggieBearxxx
    xxxHuggieBearxxx

    It’s over. Time to pack up the wife and kiddies and head to the desert or to the highlands. Eventually gold and silver will roll over, and then everything is going to head south together. Personally, I am buying all the seed i can get my hands on. It’s going to come in handy.

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    • johnny2time

      I still wouldn’t short it with all this liquidity sloshing around.

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      • Jakegint

        Don’t mind Huggy, he’s got a depressing addiction to butane showers.

        ________

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        • xxxHuggieBearxxx
          xxxHuggieBearxxx

          naaaa i am kind of risk averse at the moment. Down 5% on the year and don’t want to lose anymore.

          Im not shorting anything right now…im long 70% but hedged pretty tightly. I might sell the rips a little bit, we’ll see.

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          • Dr Fly

            I piss on 5%. Man up.

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          • xxxHuggieBearxxx
            xxxHuggieBearxxx

            yeah, i know…

            i was killing it at the end of last year when i was just feelin the flow and letting the butane fly…then i decided to get “conservative” and “systematic”, and next thing you know im getting my ass handed to me for almost three months.

            everything is topsy turvey.

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  4. A Monkey With Mostly Cash at the End of Each Day
    A Monkey With Mostly Cash at the End of Each Day

    Buy low, sell high, realized gain of 3.7% today.

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  5. Range_Ryder

    thats right…find the range pattern and ride it out…set stops and don’t get too greedy…

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  6. theedge111

    The fucktards at the Fed are now talking QE3.

    Good luck with that!

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    • The Zombie

      Indeud. We’ll have QE5 before long.

      The Fly is God.

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    • alphadawgg

      The Bernank, ironically, is looking to “ease” as oil prices go higher due to his belief that the consumer will be consuming “Unleaded” as the liquid of choice vs. Bud Lite.

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      • Hancock

        He’s as crazy as they come. More QE because fuel prices are to high, kind of like throwing gas on a fire to cool it down. Idiots!

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  7. alphadawgg

    When I was a kid, my boyhood friend and I used to put on his brothers boxing gloves and hammer the crap out of each other in the basement. This market feels like it’s about to do the same to any and all entrants.

    As for my friend? I busted his nose. We’ve never talked since.

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    • TraderCaddy

      Who was Muhammad Ali and who was Sonny Liston?
      When I was a kid my brother and I would play hockey in the house with a ruler (our stick), some dice (puck), and gloves to block the puck. We would play in the bedroom hall and knock the puck (dice) off the walls. I was Bobby Hull and my brother liked to be Gordie Howe. Our parents could never figure out the marks on the wall.

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      • The Zombie

        Nice. I would guess Dawg would be Ali, not just because he knocked the guy out. I’m sure he was clever with the psych warfare as well.

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        • TraderCaddy

          You are probably correct on that one.
          Just like the market.
          Shuffle, shuffle, jab, jab, punch.
          “Float like a butterfly, sting like a bee.”

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    • flyaway18

      I don’t have that feeling.
      The feeling I have is that I just worry about managing my risk
      in a rather volatile environment exacerbated by geopolitical factors.

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  8. Mrtriath1337

    WTF blank screen! Testing 1 2 3! Sorry all.

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  9. Jakegint

    Bravo Brio raising $80 mm in secondary offering.

    Shockingly, it’s all selling shareholders. Not one penny is going back to the company.

    ___

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  10. malik

    the fly is a fuckin little faggot……stupid dumbass piece of shiit!

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