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
23,419 Blog Posts

Going Back In

I like stocks here, despite the cock-gobblers in Congress electing to purposely destroy this country. It’s like we are in a car with a crazed drunk driver, doing 150mph, on the wrong side of a tunnel, frantically laughing along the way. You just have to ask yourself, “how long will this fat nation accept such a mad driver?”

Nevertheless, I bought a lot of VCLK and CRZO today. I like VCLK off the GOOG numbers and CRZO off the HK acquisition. Additionally, I am adding to all of my positions here, until my exposure is up to about half. So I will sit in 50% cash until Congress ruins our credit rating, in order to allocate the rest of my money at that special moment in time.

I still like gold and have now relieved the Great Senator from Kentucky (CH) of his gold throne. Since he is playing with the mosquitos somewhere in the undeveloped Northeast corridor of the United States, he is likely without internet access. In other words, his internet penis has been chopped off and tossed into a garbage compactor. The gold trade is now mine and I like GSS and GORO.

In closing, I feel like buying today, even though we’ve reversed lower and seem to be dive bombing into a factory filled with large samovars containing highly volatile nitroglycerin.

Ask me if I give a fuck.

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47 comments

  1. Maximus

    hahahahahaha cock-gobblers

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  2. Rasputin's Liver
    Rasputin's Liver

    Appreciate the blog, I hold, nor offer any opinions. Just wanted to say thank you.

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  3. Juiceyfruit

    nice timing, maestro flea

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  4. riggedgame

    You moronic dicksuckers Obama, Cantor, Boner, Reid, and McConnell: Raising the debt ceiling
    does not have one f*cking thing to do with “spending cuts” (you Dipshit Republican morons control
    the House where spending bills originate fer Chrissakes!) or “Revenue enhancements”.

    Just pass by voice vote a f*ckin’ bill that raises the debt ceiling by $3 trillion or $4 trillion PERIOD.

    Address spending and revenue later and SEPARATELY, you dimwitted MORONS!

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  5. The_Real_Hmmm

    Bought GLD weekly (Jul 22) vertical put spread. Pays 3:1 on a 2% drop in GLD. Tight leash.

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    • Bind Dead Aphid

      Well played. I have, after much dicing of the candles, declined to enter. The bearish engulfing pattern is great, but I barely escaped the grenade that was SLV with an iron condor this week. Don’t want too much stress in life.

      You’ll win, no doubt.

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  6. TraderCaddy

    “… like we are in a car with a crazed drunk driver, doing 150mph, on the wrong side of a tunnel, frantically laughing along the way.”
    I saw a Daffy Duck cartoon like that once.
    Of course that was before Daffy became PC and all.

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    • The Fly

      remember the bad Daffy, Bugs and Popeye?

      Oh, don’t forget the bad Woody Woodpecker.

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      • TraderCaddy

        Yes and I seem to recall a Road Runner cartoon with the Coyote driving a car through a tunnel at about 150mph and right next to him in the seat was a box of dynamite made by the Acme Company.
        And guess what happened when he got into the tunnel.

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        • Caffeinated

          PETA saved him further abuse by Warner Brothers, and released him back to the wild.

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  7. Frog playing a colorful accordion in a bankrupt Italian village
    Frog playing a colorful accordion in a bankrupt Italian village

    In the U.S. we seem to have lost our interest in solving problems. The public is only interested in ideologies now, fighting to the death over which one is the one true religion. And our politicians are only interested in catering to every whim of the Special Interest Groups that financed their campaigns. We are not morons. It’s just that none of our intelligence is applied to solving real world problems. The Divide and Conquer strategy has worked well on us.

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  8. Mike

    WNR is flying!!

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    • Green Machine

      Yeah, and I sold in the a.m. like a fucking babooon.

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      • drummerboy

        aug 21 calls up 39% and ready for the 21 roll for being itm

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        • Mike

          anyword on a rumored merger with ALJ ???

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          • drummerboy

            not anything i have read. but let me thesis one to ya. cop spilts, into however many companies.cop has enough cash to aquire either or now. dependent on location location etc.could it be a benefit to their holdings and enter the west texas works and start exporting? maybe. most of cops pipelines are from the north,come down through central states then goes east. for them to go west is just long term $$$

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  9. largebill

    Screw the debt ceiling. Raising it will just encourage those morons to spend further in debt. The whole idea is similar to me deciding the first step in getting a handle on my alcoholism is re-stocking my booze cabinet. Speaking of which, I think I am a little low on rum for the weekend. Be right back.

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    • K.C. Antnee

      Yeah, I have a cousin like that:

      http://youtu.be/NeG2aSGDhao

      Which reminds me, forget that SNA call I made. They don’t even make what I thought they did !

      bummer.

      Awesome WNR, Fly ! Some more ? How about some GSH at the right price ? 😉

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  10. heaterman

    WNR going to 40

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  11. EU

    IBANKCOIN passes european stress test!

    http://www.europeanbankingcommission.com/ibankcoinkickedass

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  12. panamaorange

    European stock etf , VGK ,staying green after news of 8 bank test failures.And country with most of the failures, EWP Spain,is green

    Bears fumbling the ball here

    http://www.youtube.com/watch?v=qa9LNPwZIGA&feature=player_embedded

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  13. DMG

    Do you give a fuck?

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  14. Jay

    Would a bad credit rating be bullish or bearish?

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    • drummerboy

      now the gubmints’ a dead beat dad, or is that, that nanny

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  15. Hugh Hendry

    Fly, have you ever owned GOOG? LIke back in the 2004-2007 hey day?

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  16. jose mann

    Senor Fly, do you give a fuck !!!

    better yet, do you give 2 fucks ???

    and do I have to pay more getting 2 of your fucks instead of only 1 ???

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  17. Bdubz

    XG?!?! anyone know what’s up?

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    • Random

      Recently raised money through a 2.4M share offering. Dilution?

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    • JakeGint

      Holy shit, read the freaking news on a company before coming here with that kind of query. Yeesh.

      ______

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  18. IUseToBankCoin

    BS Barry now claiming that 80 percent of the public supports Democrats’ demand for tax increases. Did ya’ll know about that? The liar in chief continues on his narcissistic journey.

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    • riggedgame

      80% of the public supports tax hikes ON THE RICH. As we ALL should.

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      • largebill

        What you’re really saying is people always say “tax that other guy more.” Problem with the “tax the rich” nonsense is (as anyone who understands current system knows) we don’t tax the rich. We tax people trying to become rich. To make it clearer, what I’m saying is the truly rich (Kennedy’s, Rockafeller’s, Bill Gates, Warren Buffett types) pay very little comparatively due to creative accounting and the fact that they have accumulated wealth rather than current year income. If you want to tax those not paying taxes now replace the income tax with a sales or consumption tax. The rich buy stuff. Drug dealers may not report income, but they buy stuff. Illegal immigrants may get paid cash tax free, but they buy stuff.

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        • JakeGint

          Thanks for this. It needs to be stapled to Nancy (I’m ALREADY RICH) Pelosi’s forehead.

          ________

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    • drummerboy

      dont worry, he used the same lie to get elected.

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  19. JTU

    Unloaded my WNR way too soon and blew a load!

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  20. JakeGint

    I have not left yet. Much to your mole/henchman’s chagrin.

    Shrimp cocktail?

    _______________

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