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

How Does it Feel?

Where are you fucking faggots (no offense to gay guys of course) now? All of the shit talkers who were trying to offer Le Fly advice, based upon retards in the Mediterranean, had much to say when I held my ground, exclaiming with great vigor and tenacity to hold firm and buy the blood.

Fast forward to today, I am up 2.5% intra-day, pushing my YTD gains to 5%. I do not curry your favor or accolades. Instead, I intend to put you in your place, which is cabin class on iBC. You are not permitted to ever offer Plutonium Petey financial advice, nor besmirch my largest positions. I might allow you to chat about my small positions, but never my big ones. They are like my family. Would you allow some asshole step into your place of business and talk shit about your family?

I didn’t think so.

Like I said yesterday, the squeeze is on. Try to position in names with large short positions, trending higher. I like silver and oil here, as does The PPT. However, I am not interested in oil equities, just the commodity. With my money, I am looking for tech and restaurants.

NOTE: I booked profits on BGC.
Developing…

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67 comments

  1. ecchymosis

    Rock on

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  2. cashew

    boring. very boring.

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  3. checklist

    ha!

    i love this vengeance, and I am feeling the chest thumping legitimacy of it.

    on a side note, we have not hit the highs for the year. that noted, the summer may continue to suck donkey balls.

    the biggest problem with bearish times on the market is that yahoo message boards fill up with pukelicks that think they are somehow wise, and empowered, for posting negative comments about >insert a ticker here<

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  4. Moolahheaven

    Fly is ‘back in black’ indeud…

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  5. JakeGint

    Forget about cabin class. Throw them in “steerage” and make them shovel coal for their passage.

    Black, black anthracite coal.

    __________

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  6. Crgmdy

    Hey fly how do you feel about amsc. High short interest and huge cash position with no debt. Is the sell off from their problems with their biggest customer warranted? In from 7.75 and not sure if I should hold for long term or look to sell at 10.

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    • Dr Fly

      Ask Analyst Bomber. He knows it inside and out.

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      • Analyst Bomber

        it received a delisting notice the other day, big shorts are prob getting out to avoid the associated issues.
        http://biz.yahoo.com/e/110621/amsc8-k.html

        one can argue it is worth something in the 8-10 range, but delisting is no joke and these guys still need to raise money in order to complete that stupid acquisition. since i have no issue being short across a delisting, i will prob short it at its next peak.

        unless it can shore itself up somehow, both the stock and the company are done.

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  7. Random

    Kudos Fly! IMHO, I do not understand the high level of enthusiasm in the market?

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  8. St

    Indeed

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  9. Mike

    cracks widening to finish out 2Q …….WNR gonna blast off!!!

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  10. Keyser Soze

    If I had to guess how the faggots feel it would go like this : Eating a sausage, choking on it, then getting trichinosis.

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  11. rookie

    we need to break 92.18 on crude and then we’ll be off to the races… i bought a few more contracts. also long the market, this shit is going to 1315 because everyone think it won’t…

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  12. Yabollox

    A faggot is a bundle of sticks.

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    • Iron

      A bundle of sticks that is smarter than Keyser Soze. Time to put out the Slow Children sign.

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      • JakeGint

        It’s also slang for a British cigarette. Hence, you may safely ask a group of soccer hooligans if they’ve “a pack of fags” without getting your face boot-stomped.

        Amazing, our language, no?

        __________

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  13. mike barker

    Fly….why do you talk so bad about your readers and, in some cases, customers? I know lots of websites encourage comments from men or women who want to practice their “hip” talk but usually the monitor or blog-owner does not stoop to their level. Are you in junior high? I paid for a subscription. Why do you call me a “fucking faggot” among other sobriquets? Are you so lonely and lacking in self-confidence that you must constantly brag about how big a “winner” you are and how your readers are scum and can’t do anything right?
    You sound a lot like that asshole from Two and a half men.

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    • Cpl. Dooright of the Dominion of Canada
      Cpl. Dooright of the Dominion of Canada

      Hey Mike

      This is a free site–if you paid for this then you are a faggot

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      • JakeGint

        Eggsactly. You should see how civil he is on the pay site. It’s like Dr. Jekyll’s holding court over there.

        ________

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    • Frog playing a colorful accordion in a small Italian village
      Frog playing a colorful accordion in a small Italian village

      A blog can’t entertain its writer and its readers by sane and mature and non-dramatic writings.

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      • theedge111

        he told me he would murder me…Cant ever say I have had anyone say that to me on the internet.

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    • Dr Fly

      I never insult my members in the ppt, unless they insult me.

      Considering your attitude, I want you to cancel your sub right now, else I will do it for you.

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      • mike barker

        OK.

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        • MetalLeg

          Mike,

          You should think twice about coming on a site and criticizing the owner. If I were a landlord and you were a renter in my building, attacking me would get you no heat or hot water, sporadic electricity, and I’d let the basement rats into your apartment after shitting on your pillow when you were out. Oh yeah, I’d also piss in your orange juice.

          I think Fly is being kind to you by just evicting you.

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    • St

      His commentary, insults included, are hilarious.

      I wouldn’t have it any other way.

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    • heaterman

      It’s part of the mesquite (sic) of the site. Where else can you go for quality abuse such as found in the tomes of Le Fly.

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      • go2mars

        Most astute. Many of want a drill seargent to refine us. Some like the sublime harmony of mathematical precision. Personally, I love the randomly absurd, the sarcasm, combined with incisive and thought provoking ideas, the breaking news, and thesis trade ideas like FTK and WNR.

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  14. RosenRush

    I agree with Rookie’s comment above, that the market will keep going higher because nobody believes it will…however, the fact that Goldman is down and the XLF blows has to be some kind of canary. I know they are already beaten down, but they are doing nothing today.

    We can climb to 1294 or 1300 or 1312, or whatever number this thing melts to this week; but once it’s done, it will be a straight shot back to (through?) 1250.

    Maybe I’m too logical, but there’s no question that GDP is going to be light in the second half of the year, despite all of the “optimism” being expressed by management teams. Couple that with all of the other garbage that’s out there…S&P earnings of $90, generous 12 multiple = 1080 S&P.

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  15. Chango

    Love today’s up move but It doesn’t even matter. Its a beautiful day in Boston and i’m off to the hospital to welcome my twin sons into the world. Catch you all on the flip side.

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  16. Johnny2time

    Closed out my long dollar trade thanks to two days of this story:
    http://money.cnn.com/2011/06/28/news/economy/federal_reserve_purchases/index.htm?iid=HP_LN

    Long XIV shares and SLV calls.

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    • Hack

      This is not news. The Fed has always said that they would continue to buy Treasuries.

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      • Johnny2time

        We knew they were going to reinvest the interest from their bond holdings but does that add up to 300 billion annually?

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        • Mr. Cain Thaler
          Mr. Cain Thaler

          This is non-expansionary, and therefore non-inflationary. It’s not like the money supply is getting any bigger.

          This just takes pressure off of the government.

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      • JakeGint

        Well, dyin’ ain’t much of a livin’… boah.

        _________

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  17. drummerboy

    hey fuck i’m happy……my wnr’s gettin a rise…………..that iron stake isnt comin out for a while there eh fly

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  18. Dr Fly

    For those of you who take offense to my comments, good, you must have been rooting against me before.

    I direct my volleys towards my enemies, not allies. You know who you are.

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    • Bullish

      Everyone is so sensitive today!

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      • Mr. Cain Thaler
        Mr. Cain Thaler

        It must be the faggot comments. Gay rights activists are in full politics mode, bombing our hallowed ground with sissy calls for sensitivity and politcal correctness.

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        • drummerboy

          no ,walgreens is out of KY

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          • drummerboy

            thats right,they are getting uppidy now ,2 “pride” parades , as they call them now, not “gay pride”, as in the past,because chicago and new york in the same week passed gay marriage. all i got to say is,the fucking divorce lawyers are happier than them now.

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  19. STFU

    I’m nibbling on TZA

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  20. No One

    A woman running the IMF. What a joke.

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    • Bullish

      Now the hotel bell boys will have to be on guard instead of the hotel maids

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      • Mr. Cain Thaler
        Mr. Cain Thaler

        I’m sure the bell boys were on guard before. French people are sick/kinky.

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        • Po Pimp

          Not as bad as the Krauts. Those freaks are over the top.

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    • go2mars

      The IMF. What a joke.

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  21. STFU

    It’s better than No One running it!

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  22. No One

    Get ready for IMF spending money on stupid sh** nobody needs. There is your stimulus.

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    • heaterman

      In the immortal words of Mrs Heaterman…..”It’s so cheap!!! You just can’t not buy it!!”

      They are all wired that way from what I have seen.

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      • JakeGint

        Headline of the Future:

        “IMF Acquires Manalo Blahnik Shoe Empire in Hostile Takeover.”

        ________

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        • drummerboy

          maybe she can spend some money for those babes, ya know shavers and nair.maybe she can convince the german chicks to

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  23. stan

    almost 5% for the year … wow kudos

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  24. STFU

    PPT says Overbought?

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  25. Belly of the Beast
    Belly of the Beast

    Sorry I missed the PA theme yesterday:

    http://youtu.be/TAaE7sJahiw

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