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
23,471 Blog Posts

60% Cash

I am taking my chips and going home. With TLT pressing higher and gold acting all apocalyptic, coupled with the fact that I’ve managed to regain all lost coin and more, I sold out of my second largest position (DECK) and now sit atop of a fucking mountain of green, 60% cash.

To a small degree, I am long TZA calls. However, it’s nothing to circle jerk over, you fucking disgusting bears.

There are many stocks tempting me to buy. As a matter of fact, I had my finger on the buy button, for this one particular name, sweating and trembling as I dealt with the emotions of risk. However, at the end of the day, “The Fly” regathered himself amidst sharp self-inflicted slaps to the face and put the buy button away (yes, I have a buy button).

For the remainder of the day, I will gawk at the Twitter stream, whilst eating popcorn and laughing a great deal, watching total jackasses make fools of themselves, over and over again. I will also be keeping a keen eye on many of you, via iBC’s spy camera network. Should you fuckers get out of line with the comments or funny looks, I’m gonna send a boxing glove through your screen and punch you in the face with it.

[youtube:http://www.youtube.com/watch?v=9XLSH8GX0u4 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter

38 comments

  1. tdstrike

    A gentleman never sweats, he perspires, and after following you for a few months I doubt you perspired nor trembled.

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  2. MB

    You should start a Fly ETF. Would be SPDRFLY or “Spider Fly”; together with the thrice levered “Super Fly Spider” and the inverse “Fuck You” aka Le Devildog.

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  3. Hartwell

    any chance you’ll list the stock you were going to buy (sorry had to ask)?

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  4. alf44

    .

    … welcome to the Dark Side, Senor ! ๐Ÿ™‚

    .

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  5. Frog Playing a Colorful Accordion Song for Bernanke
    Frog Playing a Colorful Accordion Song for Bernanke

    Thanks for keeping us posted, Fly. When you are 60% in cash, I am in 100% cash, because I am not as quick as you are in trading the markets, so I need to be more cautious than you do.

    Is the guy with the big pipe a relative of yours?

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  6. small axe

    Yeah right. There’s no way you could get a boxing glove to *POW! gets rocked in the face with a boxing glove*

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  7. TraderCaddy

    “…Iโ€™m gonna send a boxing glove through your screen and punch you in the face with it.”
    You going to do an Ali (float like a butterfly and sting like a bee) or a George Foreman (Sure the fight was fixed, I fixed it with a right hand)?

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  8. JakeGint

    There are many stocks tempting me to buy. As a matter of fact, I had my finger on the buy button, for this one particular name, sweating and trembling as I dealt with the emotions of risk. However, at the end of the day, โ€œThe Flyโ€ regathered himself amidst sharp self-inflicted slaps to the face and put the buy button away (yes, I have a buy button).

    It’s probably just the malaria you picked up traveling in equatorial climes.

    Go ahead and pull the trigger on that TBT.

    (No Tremblo)

    ________

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    • JakeGint

      Fuk, I had that first para above in Html “Itals” (no guineau) so to “quote” le Monsieur, but they didn’t “take.”

      Have you spoken to Jeremiah the slight bullfrog about our loss of formatting?

      ______________

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      • The Fly

        you lost.

        Bring your A game, Senator. The A game.

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        • JakeGint

          I do not lose when the HTML is not working properly, the site does.

          Get that spaghetti wrangler on this immediatement. (That last word was in itals as well) (no goombah)

          __________

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          • JakeGint

            Ah, there we are… Jeremy must have fallen on the switch or something…

            ๐Ÿ˜‰ (Emoticons work too!)
            _____

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  9. Frog Playing a Colorful Accordion Song for Bernanke
    Frog Playing a Colorful Accordion Song for Bernanke

    Jake, Congrats on your great call on IPSU. Doing great since you wrote on your blog about it yesterday.

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    • JakeGint

      Glad to be of soivace, as they used to say in Crooklyn when my granfaddah still lived dere.

      ___________

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  10. MOTV8

    Agreud, hat tip to JG, but I screwed it up.

    Had just moved my stop up this a.m. when the shakeout came, hit my stop on the nail then reversed and headed north to 8+, total piker move. I’d have preferred a boxing glove to the face.

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    • JakeGint

      Extend your stop when you are in profitland, or risk being shriven.

      __________

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      • jobo

        Agreed. Thank you Senator for the nice IPSU play. I appreciate any bones you throw out to small plebs. I have been reading you and the rest of the crew here for a long time and appreciate the hard work all you guys put into this site. Thanks Jake.

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  11. razorsedge

    Didnt trade today.Made pork fried rice.

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  12. LD

    Out of WNR finally with a small profit. Will it now skyrocket? Perhaps. I’m gathering cash and waiting for the next crater.

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  13. razorsedge

    The fed is now divided like congress. uhhhh!

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  14. drummerboy

    ipsu to 25……………

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  15. razorsedge

    bot tna,

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    • drummerboy

      i thought i told you ipsu 2 weeks ago dude. been in and out the last 7-8 weeks already and havent lost a dime.

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    • razorsedge

      dumped that hots potato, even.

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  16. Mushroomz

    weezy on his Debo
    http://www.youtube.com/watch?v=Jl3QmFHk7D4

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  17. Bullish

    funny looks???

    You see me?

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  18. Yikes!

    Like you need any of us to say so but….Nice fucking job bro- Respect deserved.

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  19. Blind Read Ant

    $CAT to the Irene rescue.

    I have taken multiple “Die Hard” gun shots from my previously mentioned $DV earnings trade. still standing.

    $RRGB still in play.

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  20. Hugh Hendry

    Everyone should get ready to Do the Hugh

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  21. Name other than Anon
    Name other than Anon

    Wow, I love the video.

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