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

Glad it’s Over

Well, fuck this week running sideways. It’s been awfully unprofitable for me, topped off with a late day decline in WNR. Sometimes liquidity trumps fundamentals. In this case, crack spreads are being ignored for crackhead spreads, with investors saying “see ya fuckbag,” heading for the exits.

All week long the market was up big or down big. It’s rather fitting that today end up, but lots of stocks close down. The internals behind today’s tape are dreadful to say the least.

At any rate, there will be plenty of pitfalls next week to doge, from flash revolutions to nuclear meltdowns: this market has it all.

I’m out of here.

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50 comments

  1. Dee Hydration

    Senor, how about squeezing some ATPG shorts?

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  2. gmoney

    wow..no reaction to the mrk after prez speech…no panic with quake and maybe a war?? and we are up!! $TNA

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    • zzzdoc

      Nope, because we are under the protecting wing of Le_Fly!
      zzz

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  3. xxxHuggieBearxxx
    xxxHuggieBearxxx

    VLO isnt doing us any favors either at the moment…

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  4. Gwar

    Hey everyone from Tenn. HAHA

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  5. B

    There is a disconnect with what Fly is saying and what the business news on the Japanese TV is saying. Japan TV is saying their refineries will be back on line by the end of next week producing about 30% more of what the demand is.

    Maybe thats why the WMR VLO thesis isnt working at the moment.

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    • The Fly

      Bullshit

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    • Colonel von Ryan
      Colonel von Ryan

      You are correct. XOM will be bringing the Kawasaki refinery back on line Thursday while ramping up production at their Wakayama and Sakai refineries just in case….

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  6. go2mars

    Hathor and FDC up 20% and 25% today. You are welcome world.

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  7. Baron de Rothschild
    Baron de Rothschild

    I was up seriously this morning. In the afternoon, I was still up, but it was a whole lot less serious. I took profits at 3:30 and then folded my tent. I do not have the testicularity to go long over this weekend. That probably means that the market will laugh at me on Monday, when it opens well up. No guts, no glory, and I have no guts.

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  8. Hugh Hendry

    doge[sic]

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    • Braveflaps

      Verily, sir – after the events of the last week thou must be truly “rich as fuck”.

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  9. mutabaruka

    Is the Fly really rich? He looks scared of the market. He sold at the end of the correction. Do people really invest with him? Does he really spit in peoples clam chowder? Is he related to “always right Scott Bleir”.

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    • The Zombie

      Does someone wanna show this kid where the bathroom is?

      You’re obviously new here. Simply put:

      The Fly is God.

      Stick around, kid. You’ll reach Nirvana with us.

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      • Stock Man

        I believe he may be related to his neighbor named Steve. I read where Steve,Jr. called him Uncle Fly.

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        • scott

          Oh shit. I’m always right. Good to know.

          Wait, I like to sell too early…

          And lately its trade less, make more

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  10. YaBollox

    I’m kinda thinking the Fly was a little hungover today. Not the usual zip and pip.

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  11. mutabaruka

    So with my 10,000 I have no chance in this market. What if I keep adding to my account.Should I just buy beer. I just turned 19.

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    • Colonel von Ryan
      Colonel von Ryan

      Buy a generation 1 Colt Revolver. You will make 25% return each year, in some cases more if the one you pick becomes more desirable, like this one. http://tinyurl.com/4kwuflz
      Keep building your collection and by the time you are 30 you will be able to sneer at all of your friends that put their money in a high fee – low return 401k plan…

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    • Taco

      Buy silver bullion and Brazilian reals, my friend.

      You will not be sorry.

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  12. A Confused Monkey Smoking Crack Spreads
    A Confused Monkey Smoking Crack Spreads

    I feel your pain.

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  13. theedge111

    The Fly sees whats coming and it ain’t gonna be pretty.

    PPI and CPI were smoking hot this week and the economy is in shambles this go around as this inflation hits(unlike 200). Japan is folding like a tent and is about to start selling treasuries in order to finance their recovery. This is is going to fuck up the bond market. Middle East is a geopolitical disaster.

    Anyone on Wall St with a brain realizes the market is in total disarray and won’t hesitate to run for the hills once it appears this sucker is about to roll over.

    The little black boxes aren’t going to be very effective trading the Ponzi scheme once sentiment has changed which it definately has.

    We might have one more little run left before inflation puts us down for the count.

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    • Random

      Your insight is very interesting.

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    • Dr Funk

      thank you for sticking up for the bears (realists)
      volatility will come back. mother nature isn’t done yet either.

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  14. Belly of the Beast
    Belly of the Beast

    AGNC – Proposal # 2

    They want to triple their cap, this is much riskier than the smaller offerings they did that recovered reasonably fast. That puts us beyond QE2 ending. More time, more risk.
    More confidence ? Maybe they just want the extra management fees.
    I got out at 18.86% in 6 months, but I was contemplating going back in after a big drop on an offering morning coming soon. Offerings aren’t dilutive to REITs, but tripling the cap ?

    CIM has a shelf that they are selling at will, for better prices. Their ex date is coming up soon.

    http://www.youtube.com/watch?v=aMGu6457tFY

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  15. GYSC

    He said ‘crackhead spreads’, lolz.

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  16. Carsony

    I’m not betting against the fly. That would be crazy, like a penny trying to tell a dollar
    What to do. My thought on the refinery thing is that demand has to
    Be there for those stocks to go up?

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  17. Taco

    Oh dude WNR tore your nut sack in half.

    6.34% down for the day.

    Time to pound a few beers, IMO.

    Glad I declined this trade based on the crazy-looking weekly chart.

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    • The Zombie

      Oh great. Another rookie half-wit trying to teach Dr. Le Fly how to trade using charts.
      Breakfast Taco you are not (if you know this reference, you would know The Fly always wins).

      The Fly is God.

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      • Taco

        I know The Fly is God. Just because I say my bullshit does not make The Fly any less of a God. Have peace with the way of the world, brother. A real God is not threatened by the insect that lands upon his ass.

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        • Taco

          On top of this, I can already tell by the chart that WNR is going to fucking explore, given time.

          Problem is, I don’t have the capital to pull off such a trade. The draw downs would leave me staring at the ceiling all night long.

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      • Taco

        The Zombie, just another Kiss Ass!

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  18. Po Pimp

    Not a bad week overall. Down about 0.5% but considering we had all hell breaking loose I’ll take it.

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  19. Geoduck

    First there was Hiroshima, then came Fuckushima. But not near so bad as the original.

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  20. Taco

    You pulled out of BORN almost at it’s low and then it corrected by over 10% in the same day!
    You pulled out most of your stocks at the bottom of this mini correction!
    Now you’re getting ape-raped with your major holding in WNR!
    Are you sure that you know what the fuck you are doing!
    You may be required to take repeated self-inflicted moustache punches to the face!

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    • Taco

      Stealing my handle and bashing Fly is pretty low. Not much I can do about it but let anyone reading this know, I guess.

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      • drummerboy

        look at it this way.if you bought appl for 93 dollars a few yrs back, and your still holding it now,why would you even care if it dropped 15% in a couple of sessions. he still wins.

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      • Taco

        Just Kidding!

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    • The Fly

      I am up 4% in wnr you idiot

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      • The Fly

        Here we go again. All the trolls come out when I book a few losses. Amazing how these fckers never lose money in stocks

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        • BlindReadAnt

          Yes, M. Fly, there are negative effects of POMO, even riff raff can buy suits.

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  21. Juiceyfruit

    The Dice Man rips Charlie I’m a Loser Sheen, a new one.

    http://www.youtube.com/watch?v=LR9iu94VzCI

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  22. Reflationary Road
    Reflationary Road

    the Meridian Market Theory.

    http://www.marketanthropology.com

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  23. Goldie

    Selloff is far from over

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  24. The Zombie

    Taco Clone and all trolls, goblins and rookies:

    See my post above from last night.

    This is The Church of The Fly.

    If you’re gonna stay here, throw some respect His way.

    Do some friggen DD before launching an attack on God.
    Or just keep praying to your Jesus–he ain’t gonna save ya.
    Did Jesus get you through the double crash of 2008-09?

    The Fly is God.

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