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

To the Moon

Do you really want to know what I think? Nah, you don’t want to know. All you want is hot picks. You want to dip your beak in the hot oil and not get burned. Like chickens aimlessly walking around the farm, you have no idea what’s in store for you. Oh, don’t worry, I am not unique here, as I am willingly swimming in the pool filled with sharks. I will not pretend that everything is fine. The reality is, and this is just my flawed personality, I don’t care.

I do what I do because that’s what I do.

The very concept of QE2 is absurd. To think these Professors of economics endorse this course of action is so disingenuous it is laughable. It’s sort of like seeing a police officer picking some old ladies pocket, in uniform.

Look at this Dave Sokol idiot, from Berkshire Hathaway. This clown is worth more than $100 million, yet he threw away his career for a $3million windfall. He bought $10mill worth of LZ, then told his maniac/senile boss (Buffet) to buy his new stock position too. Well, his boss didn’t just buy some shares; he bough the whole fucking company. Someone give that man a rubber room and sleeveless dinner jacket.

Back to the subject at hand: we are building up another bubble, plain and simple. With my eyes wide open, I intend to milk this bubble until it pops. When it pops, I will lose money, initially. However, I have plans to take advantage of the final collapse— on the eyes of your favorite pastor.

Until then, let’s just smoke these opium pipes and drink the nectar of the Gods, while we bank so much coin our faces get numb.

Fun fact: WFT has been up 20 of 21 years in April, for an average return of 13% That’s 95 percentile jack.

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43 comments

  1. clegger_2000

    On Jupeter’s stone I will join you in MWW. Indeud.

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  2. clegger_2000

    Jupiter’s I mean 🙂

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  3. scott

    “final collapse”. nuf said…

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  4. Geoduck

    QE 2.1 in progress from Bank of Japan. Liquidity is fungible.

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  5. checklist

    Cognizant as ye be of people “out to get you”, you ever fret about plots inside your brokerage or by squids or anything? I do sometimes, and I don’t even blog where anybody reads it.

    On a side note, interior designers are extremelt lame and deserve to be fired.

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  6. Phil

    Yes, WFT has been up almost any April but then you also had more than 10% intra-April draw downs in 2000, 2002 and 2005. You might end up the same way you did on APC which is finishing the month up but had big draw downs this March and most people got stopped out.

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  7. Random

    Who needs a career when you are worth more than $100,000,000? Just saying.

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    • norcal

      $100M is chump change these days. I wanna be a billionaire is the phrase of the new millennium.

      Speaking of which some Russian billionaire (e.g. gangster) just bought a 25,000 sq foot mansion in my neighborhood that I didn’t even know existed…. for a price of $100M. Fact!

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  8. Warren Buffett

    This crazy old man is going to kick your asses. You can all talk smack when you get your first billion. No comments… I thought so.

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  9. The Zombie

    “Someone give that man a rubber room and sleeveless dinner jacket.”

    HA! Still waiting for my tailor made sleeveless dinner jacket with IBC logo and “FIG” signature.
    Hopefully the IBC Store will stock this product as we’ll all need one by next year.

    The Fly is God.

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  10. Quint

    Euroweenies getting nervous, selling before their close so that don’t have to be long before tomorrow’s jobs report.

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  11. Trading Nymph

    Fly, A stock pick is like pennies in a pocket. Knowing what you are thinking and seeing is Priceless…that is why I hang out here everyday,

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    • Bullish

      I come here daily to know what you are thinking. You need a tab.

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      • Trading Nymph

        Thank you bullish…but I still totally suck at timing this stupid bubble. Do you see the Aussie Today, omg. But I am waiting for a Big Whale that could be coming per gossip in F/X (foreign exchange) land to sink that very crowded boat everyone is in…Call me Ishmael

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  12. MOOBER

    I’ve actually had my face go numb from coin bankage. ‘Twas late ’07. And for two glorious days I made so much money my face went numb.

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    • Mr. Cain Thaler

      (laughter) didn’t you throw down towards the bottom of the flash crash too? I remember either you or Yogi jumping around, saying he was telling his co-workers to shut up and go away.

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      • surplusdroids

        I think it was MOOBS. (Trading aapl with a real low GTC order.)
        Should still be in the notes in the PPT.

        I remember checking in the day of the flash crash and looking at what was taking place in the ppt.

        I was just psyched that perhaps somebody was able to take advantage of the carnage – and that was MOOBS with a really cool strategy. Was rooting for him for sure and laughing out loud at the comments.

        I got whipsawed for sure that day.
        kudos MOOBS.

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  13. Joey Pistachio

    FLY:

    Re Wft, since many of the posters here have a hold time of 9 minutes or a .00000005% loss whichever comes first, what are the chances of them enjoying the gains that WFT might enjoy by end of April?

    BTW, You’ll be happy to know that Harry Dent believes a crash is coming.

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    • drummerboy

      yea, but remember,it will only last for 9 minutes. what are the chances you’ll be alive tomorrow.

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      • Joey Pistachio

        I have to apologize upfront, but I can only speak & read English.

        I’m not fluent in Moron or Stupid. If I had a basic grasp of Moron or Stupid, I could possibly respond to your post and we could further this conversation.

        So sorry.

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        • drummerboy

          no need to apologize,your just a nut. who the hell makes a statement, “what are the chances of enjoying the gains that wft would enjoy by the end of the month. if you think that way you ought not trade. maybe you and harry can go sit on a park bench together eating pistachio’s.

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      • TraderCaddy

        Went and checked my hold times for today because of the chop going on.
        4 round trips, all winners, and a hold of about 4.5 minutes.
        Usually average 30-45 minutes.
        And to think about 15-20 years ago I held about 3-4 months.
        Have to beat the TradeBots.
        Like Ali vs. Liston- bob and weave.

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    • Quint

      Who’s Harry Dent? Did he play for the Bears?

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  14. drummerboy

    last night i was watching cramer. he was featuring ppg, he must have said the ticker about a million times in the first ten minutes, and sure as shit. he slipped and said ppt. i died laughin.

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  15. Geoduck

    My little dab of TSLA is going bonkers today.

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  16. SteveTheNeighbor
    SteveTheNeighbor

    “…I have plans to take advantage of the final collapse— on the eyes of your favorite pastor.” Don’t have to worry about Rabbi Yehoshua ben Levi. He is 80 years old, has cataracts, and can’t see anyway. Just the other day he thought he was eating a corned beef on rye at the 2nd Ave. Deli. Turned out he was actually in Chinatown. He figured it out when he felt the chopsticks.

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  17. The Fly

    FYI: We have never put a man on the moon.

    Yeah, I said it.

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  18. walktothecabin

    Fly,

    I never look to you or anyone for stock picks. I figure out this stuff on my own. Following people on trades is a fool’s game. But I do look at other people’s recommendations as an indicator. If I see a number of good indicators, I make my move. And I also follow people so I get a sense of market sentiment. So, thanks for being an indicator and freaking hilarious one at that .

    The Dude

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  19. Swimming in the shark pool
    Swimming in the shark pool

    Shark bait…….

    There are over 600 species of sharks, so of course different species display different behaviors.

    It takes lots of patience to attract a shark.

    Bait um up………..

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  20. kedzilla

    Can’t wait to squeeze all these burlap bitches out tomorrow

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  21. Hugh Hendry

    FIG

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