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
23,473 Blog Posts

It’s Only Money

I swear, we get a little baby sell off and you fuckers are ready to jump out of the window. Who gives a shit? We have plenty of money here, right? And for those of you who do not have lots of money, please do not comment. You’re like third tier, bottom shelf. Go out there you lazy bastards and make something out of yourself, THEN and only then, come back to iBC.

As unbelievable as it may seem, I stepped into today 150% leveraged in my personal account. Now that’s down from 275%. I’ve been selling. Luck for me, so far, the entirety of my account is long OPEN.

HENCE THE TERM, ASSHOLES-

“The Fly Wins all the time, even when he appears to be losing badly.”

Separate from that, managed accounts are trading down, naturally, thanks to declines in APC, BZ, PSUN, MAS, FLWS and BORN. However, I am long lots of ARO and OPEN, so my losses could be worse. The important aspect about this sell off is that it’s bullshit. It will be short lived and before you know it, we’re all laughing and doing long lines of blow off gasoline pump handles again. For the record, I do not endorse drug usage and find it reprehensible.

Always remember, “The Fly” is a gentleman of the third degree. You are probably too infantile to understand what that means. However, I’d be remiss if I didn’t remind you, nonetheless.

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25 comments

  1. Charlie Sheen

    Like the blow reference, dude. Winning!

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  2. Donovan

    It would be a lot worse if oil were not tanking along with the market.

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  3. Raul

    I’ve got too much cash. Let’s buy some acronyms shall we?

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  4. Yabollox

    If this is the best the bears can do it’s pretty lame.

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  5. The Fly

    Ok, back to naptime.

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  6. jimmie

    Genius. Anybody who has been folling you for more than a minute knows you are not only a genius but a comedic family man who would rather rub a cheese grater across his face than do drugs.

    OPEN to 100!

    Good Timez Indeud!

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  7. jimmie

    ^^following

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  8. jimmie

    Please kill my avatar. Thanks in advance. I would not mind a pic of charlie sheen there FWIW

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  9. speero

    fly,

    are you holding ARO into earnings?

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  10. Bullish

    “Go out there you lazy bastards and make something out of yourself, THEN and only then, come back to iBC.”

    And while your at it start paying your mortages… its no longer cool to forclose and sqaut in your over leveraged home. That was sooo 2009.

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  11. J. Livermore

    Winship.

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  12. checklist

    I am commenting.

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  13. TraderCaddy

    Well, selling SMH and won’t be around to see the green.
    My 81 year old mother in law is visiting from up North and I am taking her to see the Disney movie/cartoon Tangled (or something).
    Poke my eye out with a hot poker.
    .50 a ticket, $4.00 for a refillable tub of buttered popcorn.
    One of the hazards of working at home.

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  14. ogma107

    Scared money don’t make no money.

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  15. whodunnit

    Denial is a defense mechanism postulated by Sigmund Freud, in which a person is faced with a fact that is too uncomfortable to accept and rejects it instead, insisting that it is not true despite what may be overwhelming evidence.

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  16. Jeff

    Fly, maybe GOOG or AMZN might buy OPEN?????? Then you and I can snort blow off the office urinal.
    I just bought 1000 shares at 88.40

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    • The_Real_Hmmm

      OPEN shorts think intercoms are the only way to book meals. #zerogratuity

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  17. bloomberg

    I am still holding on to BORN AND AVL

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  18. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Doesn’t look like she’s gonna hold!

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