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
23,474 Blog Posts

Taking the Teleporter Up

After several weeks of beatings, getting kicked down grimy stairs, “The Fly” got up and took his local teleporter back up to his fucking spaceship. I cannot make these things up, as my positions are all registered inside of The PPT. As we speak, I am up nearly 5% for the day. I am positive many of you deformed creatures dressed in burlap will cry bullshit upon such claims.

The core of my positions are the following:

WNR, CLF, OXY, ATPG, CVI, CLR, OPEN, TNAV, ALJ and TNA.

Now tell me, how am I not up nearly 5%?

Of course there is still much work to be done. This is “bounce week” and I intend to make up the majority of my losses inside of a few short trading days, reposition, then chop this market up into small little pieces and then eat it. As you well know, The PPT has been flagging OVERSOLD for about a week now, registering a record amount of signals without a decent bounce. Based upon the past, we are in for a sharp reflex rally higher.

Hence the term: I have taken the teleporter up and now have you in my scopes, firing laser beams and dropping garbage all over your bullshit lawn.

NOTE: I have not sold a single share. I added a new position in BGC and to an existing position, OPEN.

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22 comments

  1. The Zombie

    The Fly is God.

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    • The LORD

      The Lord, that is me, is God. Fly is a mere prophet. He hath been chosen to spread thy word of Wall Street and the goodness of WNR. Cherish thy crack spread and the Hurricane season upon us for an increase in Natural Gas prices is soon to be had. And lastly remember the words of the Hebrews at Goldman Sachs- “Whoever exalts himself shall be humbled; and whoever humbles himself shall be exalted.” Or something like that.

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    • The Zombie

      Why all the haters? Fucking ungrateful slobs.

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    • Caffeinated

      Please be advised that only zombie should have license to post this comment without the scourge of negative thumbs.

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  2. Portnoy

    50th! but the first dick to post it.

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  3. Colonel von Ryan
    Colonel von Ryan

    You nailed JCP , hopefully you picked up a few thousand shares..

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  4. Wilco

    Whats with the club lights behind Bernanke? Is there a Rave after his speech?

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  5. Bullish

    Bernanke is laying the smack down on the children in Congress.

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    • Geoduck

      We need to quit voting for the same fuckers over and over again.

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  6. TMoe

    bounce week?

    Thursday will be a down day

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  7. theedge111

    Perhaps a 1/2 day rally?

    Dollar rising and the rally is losing steam as we speak.

    Only 16 days until the end of QE and the bond market is taking notice. Yields are up sharply.

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  8. Sierra Water

    BORN to the moon!!! lol. just cleared .80..

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  9. Aristotle

    Roll Fly!

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  10. go2mars

    http://www.youtube.com/watch?v=wYLmLW4k4aI&feature=youtu.be

    CO2 taxes worth trillions. This is a cute representation of what the elite banking/political class is cleverly using as an excuse to further tax the world to the tune of trillions.

    This portrayal brings some perspective to the science illiterates out there.

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  11. Juiceyfruit

    Fly, you know this guy?

    http://www.minyanville.com/businessmarkets/articles/the-other-side-of-wall-street/6/14/2011/id/35134

    interesting vid

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  12. BearRibsForDinner
    BearRibsForDinner

    Ban the slope’rs already? bearTards have their own blog – right?

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  13. Bearearns

    Hi Fly. I saw you were averaging down in TNA, was wondering if you are past B/E level and what your S&P target level. Is it more of level or PPT registering overbought from the reflex rally? Thanks

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