iBankCoin is NOT For Everyone

I’ve never meant to insult anyone in particular, just everyone in general. While some of you are accustomed to middle class pikers, begging for your business on the internets, “The Fly” couldn’t give two fucks and a gay moose about that shit. When you come to iBC understand that it is not for you. That might be difficult for you to process, as it goes against the grain of logic, pertaining to business. However, if you could understand for a brief moment that iBC represents 0.002% of my annual income, you will know to shut the fuck up.

Again, no disrespect is intended to hardcore iBC’ers who have been through the ups and downs of this fucktarded market. Its been a war in the markets over the past 4 years and if you are in the black from then to now, I tip my cap to you, Sir.

As for you other little bastards complaining about the culture of iBC, LEAVE NOW, else I will have one of my agents break yours arms off and club you to death with your own elbows.

Up 2.63% today, now pushing 10% for the year–as predicted. I sold out of FAS and calls towards the end of the day. All in all, I am still 97% long and I intend to sell. However, truth be told, greed on an unprecedented scale is holding me back. My greed is so big, so magnanimous, it makes Donald Trump look like a charitable, warm man. I promise to sell some shit tomorrow.

More from the new Fed Chairman.

There are many lessons to be learned, small boy, regarding the surreal events that have transpired over the past week. At the very minimum, you now know, once gain, to never bet against the guy in the time machine. I demand that you leave this site at once, if you do not pay homage to the Zeus-like control that I possess, with regards to destroying my enemies. Remember, you’re not paranoid if real people are out to get you.

My lifestyle is simply better than yours: better sheets, cars, clothes, wines, foods, wife etc. The list can go on for days.

Broaching the subject of this market: sure it’s overbought. But, it’s important for you to know the story never plays out the same. Just because The PPT flagged OVERBOUGHT doesn’t mean I need to adhere to it right away. There are many factors to consider before making a directional bet. My call was exact because I felt there were so many shorts out there betting on a repeat of 2008, only to later get flushed down a dirty urinal in short order. Again, the story never plays out the same.

I’ve been talking about my options account as of late, because it’s my new obsession. Secretly, I’ve been trading everyday, buying and selling. I rather not discuss options because many of you will misconstrue and lose your fucking homes in the process, betting the wrong way. But if you insist, I am up 55% on my options account this week, long a variety of the names I’ve mentioned here. As you know, FAS is one of my options plays—up 40% since yesterday.

Keep your eye on copper and be sure to take profits or lighten up around these levels.

In this scene, one of the bloggers from Zerohedge asks for his bicycle back.

In for the $100 roll.

I sold TZA a short while ago. We’re going “broken robot” to the upside here.

Zero hedged.

Morgan is out with a report today explaining the bull case for the refiners, saying mid-continent refiners stand to benefit, significantly, from oil at Cushings. FINALLY!!!

They go on saying the bull case for HOC is $98 and WNR $26. It is a very bullish piece, indeud.

In simple terms, the refiners who have access to Eagleford shale or Cushing, OK, are seeing unbelievable profit margins right now, thanks to the divergence between Brent and WTI. If you are shorting refiners, you will lose a tremendous amount of money.

You’ve been warned.

We’re back to yin and yang on the UUP-SPY relationship. A great man once said ” When you find yourself rooting for the demise of your currency in order to bank a little coin in the stock market, you will know when you are a fucktard.”

“The Fly” saw his gains expand today by 2.1%, pushing his year to date returns to 7%. The story of the day is not Greece, but the banks. I went long BAC, FAS, as well as a variety of call options, betting the banks will get their turn, AND MORE. I stated earlier this week you would witness “The Fly” take his paltry low single digit gains to double digits “in no time at all.” Well, I am doing exactly that, with ease and class.

I went about my day in a very dignified manner, which is why I am able to speak to you with such pride and unchecked hubris. I did not day trade in and out of small shares, like some other weird bloggers out there. And, I didn’t tweet and retweet about stories of doom. I started my day watching a strange woman on CNBC conduct a broadcast with a gas mask on, while eating oats from my oversized bowl. Then, I hurried over for a swim, while entering my bank buys. At the end of the day, I came out on the winning team.

Crack spreads rampaged higher today, helping push HOC to new all time highs. With a little patience, you will see WNR at $20+ in no time at all. Upon WNR touching down on $20, I will cut the heads off of all of the dicksuckers who besmirched me for going long the name (I know who you are and where you live). I will activate iBC’s Orbital Space Cannon (OSC) and vaporize your fucking house pets.

In closing, I will be doing another Q&A on StockTwits tonight, starting at 11:30, ending at 12am. Be there or not, either way it doesn’t make a difference to me.

I’ve been heavily long the market going into this week’s splendor. Just two weeks ago, I was down 8% for the year, after having a 13% gain. As you read this I am up 1.5% for the day, down from 3.2% for the day, putting my year to date gains at 6-7%.

Thus far, this has been a bad year for me, despite outperforming the market.

As you can see, I’ve been adding to names today “just in case” we are in the midst of a serious melt up higher. There are a lot of people leaning short now and the needle is in their respective sides now. Should we continue higher, they will capitulate en masse. I was 95% long going into today and now I am 98%. In the big scheme of things, I’ve made little changes in my portfolio.

Your next question is “why aren’t you selling?

I intend to sell soon; but I’ve opted for a more patient approach to the current OVERBOUGHT levels. Reason being: the negative catalysts that were plaguing the markets have been eliminated, for the time being. There is a real chance the market can head back towards new highs, providing the next jobs reports is market friendly. I am being patient and fully accept the consequences of my unparalleled greed.

I bought FAS, BAC, FCX, WNR, CLF and TZA today. It’s a mixed bag of shells, but perfectly sane from a bullish point of view. The TZA is a new position and I intend to build upon it as we press the upper limits.

Investing is as much of an art, as it is an exercise in mathematical precision.