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
23,431 Blog Posts

60% Cash

I lightened up some more and added to my TZA hedge throughout the day. At the present, DECK and VCLK are my largest positions, then GSVC. Tech looked great today and I am not doom and gloom, but cautious.

I have an interest in fine tuning my trading, so bare with me if I am throwing out a lot of cross-currents. The big picture for me is the fact that I am up 16% for the year. I ensure you, these gains will be preserved and added upon. With The PPT as my guide, and the explicit help of my urinal shadows, nothing can stop me, not even you.

Have a great weekend.

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49 comments

  1. jg

    fig dammit.

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  2. davel

    PPT pay per toilet index?
    not idea how it works or how its constructed so ill draw my sguggly lines..

    you are either right or wrong thats 50 50

    so if ur a good money manager,,, the index can mean squat….

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    • The Fly

      This is your third annoyance. Do I need to remind you of the proper decorum that must be adhered to when you visit iBC?

      Remember, you need me more than I need you. I am not interested in your snarky comments. So, either get in line, or see Greg Solomon asap.

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    • Bullish

      You have no idea what you are talking about.

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    • razorsedge

      lol ,kinda breaks up the monogamy,thou

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    • GYSC

      If you don’t know then you don’t know. Go away.

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  3. the man

    dirvel dravel

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    • drummerboy

      MR.WIZARD…………DRIVAL, DRAVEL, DAZZLE DROM, TIME FOR THIS ONE TO COME HOME. hhelllpppp mr wizard.

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  4. Chart Killer

    Nasdaq put in new highs for the year, we are in a bull market, why 60% cash?

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  5. davel

    i came here cuz fly has good overall ideas…..

    his attitude tends to bug me

    so pardon me if i act like him

    ill try to behave..

    but done pick on us Amish

    and i wont fight back

    if u ca call names ,, but cant take it

    guess your weaker than i suspected

    so no hard feelings

    fair is fair,,unless you wanna roll in the gravel

    with a local farm boy,,,

    not that will settle ne thing

    ill just feel better stomping you for your insults…

    please dont tell them im trading futures ill be i trouble with momom

    thanks,.,

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  6. Yogi & Boo Boo

    Tough crowd in here tonight. We should all pitch in and e-mail davel a bunch of “N” keys from our spare keyboards so he/she can type properly.

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  7. razorsedge

    prez to speak at 6pm, i have my finger on the sell button… the fly is right to hedge…the shit could hit the fan or not, better to b safe than sorry

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  8. Bullish

    The president does not look happy. Glad I’m 80% cash into the weekend. Hopefully there will be blood to buy on Monday.

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    • razorsedge

      just put sell ordes on all in my trading acc, to protect my gains, shoulda done it at 3pm ish,,,

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  9. razorsedge

    i sold all the gld i had when gold hit@ 1604,, didnt think this would happen then ,,,opps

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  10. Johnny2time

    Dumped some XIV today, looks like I probably should have dumped all of it!

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    • razorsedge

      its funny the mkt was sellin off this after noon, i did see this commin thou, but, im outt if we pop great ill get back in, i didnt buy tza, cause im not sure where this goes,, but hopefully this gets fixed, the problem isnt the economy, business ect, its government. they have had a couple years to work on this, but congress is so removed from us they cant see whats happening.

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      • johnny2time

        It’s in the nature of government to always and ceaselessly spend and grow.

        Everyone should just accept that it’s a ponzi and there’s no way out except money printing.

        I put the chance of a default at .00001 and will buy the dip via XIV. Hopefully we get some serious panic.

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  11. Bullish

    By the way, after that press conference. Mr Obama just won my reelection vote.

    And I’m a Republican (but did vote for Obama last time too)

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  12. razorsedge

    what obama says and does are 2 different things,

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  13. Raise taxes, Cut spending
    Raise taxes, Cut spending

    “bare with me”???

    Can’t you bring yourself to use the word “bear” or do you want us all to get naked with you?

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    • razorsedge

      lol, im A realist, my opinion changes everyday… so far so good…

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  14. razorsedge

    our country has the biggest tax rate, so if ur a company where would u build, and if u bring the money back u r charged like u made it here.. we need to cut the tax rate , close the loop holes. we have a spending problem, not a revenue problem

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    • riggedgame

      The top 1% – those that AVERAGE over $1.8 million per year- can certainly afford a tax hike.
      Tell us: Just WHAT THE FUCK do human beings need more that $150,000 A MONTH
      to spend on?

      I’d say lynch all those cocksuckers, along with Republican House members.

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    • franky

      we do not have the highest taxes in the world. here’s a graph of the tax rates for the world. note that the US is supposed to have the highest corporate taxes, but as recent press proves — no corporations actually pay the tax rates.
      http://en.wikipedia.org/wiki/File:Income_Taxes_By_Country.svg

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      • go2mars

        Forgot to add in sales taxes, sin taxes, and little fees and fines. Those feel like they would probably push Canada near Belgium.

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  15. razorsedge

    bullish, listen to the ceo of wynn restorts,(democrat) the regs and uncertanity of cost is this administrations problem,, just listen to the last cc

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    • Bullish

      I heard it. Also live it as a small business owner.

      The fact that republicans believe in fucking with the US credit rating to prove a point and to use it as a negotiating tool tells me they are a bunch of crazies…. I don’t need a crazy person sitting in the White House.

      I have spoke with many Fox News fanatics over the past few weeks that firmly believe it’s ok for us to not increase the debt ceiling…. And that we will just prioritize our payments.

      Fuck them. You can’t issue trillions in debt and then take away our greatest asset (perfect credit). That’s just plain ignorant.

      Let the thumbs down begin.

      I’d take Obama over Boner any day to run the white house.

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      • Bullish

        We should be talking about strong earnings and the m&a… Instead all the news is whether we are crazy enough to “see what happens” when we fail to raise the debt ceiling.

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  16. pitbull

    i’LL BE A BULL WHEN : http://www.drugsense.org/cms/wodclock
    shut down NASA
    Stop the drug War
    stop putting so much into defense
    Re-instate the Gold/silver standard…..create more jobs than dying Construction

    http://www.drugsense.org/cms/wodclock

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  17. asteroids

    Dear Mr. Le Fly: How to put this??? Could you provide some insight or colour on your Urinal Shadow visits?

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  18. JTU

    Bring out the Charmin, it sounds like we got some asses to wipe!

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  19. seeker

    Fly, great week of commentary. Need to check
    out the ppt service.

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  20. Quint

    The market will keep rallying until a final deal is announced and details given…then it will selloff as the deal will not nearly be a good as people are thinking.

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  21. JTU

    Hey, is cash held in a money market instrument safe?

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    • go2mars

      Not as safe as precious metals held hidden. Every pirate needs his treasure.

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  22. Tim

    I’d rather not “bare” with you. Baring with another man is more fruity than your illuminati lunchbox.

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