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
23,426 Blog Posts

In Big at the End

The shadows near my favorite urinal started talking to me late in the day, insisting that I sell my TZA and indeud replace it with egregious amounts of TNA and FL. I did exactly that, buying both TNA common and Sept 40 calls, alongside 100,000 shares of FL—starter position.

Although I reduced my cash position into equities, I am still reticent about going all in and will opt for a lighter approach into battle. Instead of heavy cavalry and trebuchets, I will burrow tunnels beneath the surface and leave clay jars filled with nitroglycerin under the foundations of my enemies.

Today’s late day recovery was impressive and should spill into a bullish open for tomorrows trade. Moreover, I expect the dicksuckers in Europe will request and be granted a one day respite from the guillotine.

At the close of trade, my largest positions were WNR, FL and GSVC, with a dynamite infused TNA gamble.

[youtube:http://www.youtube.com/watch?v=Xju-8sbfdwk 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter

72 comments

  1. MOOBER

    Huzzah. That was awesome to watch in the PPT.

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  2. big snacks

    you were quite apocolyptic over the weekend. looking back dont you think that might have been an over reaction?

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  3. riggedgame

    Fly, you should have made the TZA/ TNA switch before 10AM like I did.

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  4. JakeGint

    As for your most recent blog post title:

    “That’s what SHE said!”

    {ba-dump-chaaaa!}

    ________

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  5. Bill

    Fly,

    I’ve asked this before but would it be possible for the IBC i-Phone App to incorporate a comment section similar to the actual website? I find myself going through Twitter to read your posts merely for the fact that I can see who responds to who and what not. The comment section here at iBC is one of the best value added sections on the web and I believe it would serve you greatly to at least consider it.

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  6. razorsedge

    fly woke this morning n said “how can i fuck thee let me count the ways.

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  7. alf44

    So … let’s recap shall we ?

    On Friday’s Close I posted my Positions as well as my allocations with respect to my account (going into the Holiday weekend) !

    They were :

    ~ 60% SHORT (via TYP)
    ~ 10% LONG (via FAS “hedge”)
    ~ 30% CASH

    Needless to say, I did pretty well today … I DID however leave a bit on the table which aggravates me greatly !

    SIGH !!!

    Oh well … moving on

    Took about 2/3’s of my SHORT off today !

    Still HOLDING my LONGs !

    Sittin’ on a pile of CASH !

    Currently :

    ~ 20% SHORT (via TYP)
    ~ 10% LONG (via FAS)
    ~ 70% CASH

    .

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  8. razorsedge

    alf we r all in need of guidance,huberance is a quality u do not possess, but one of great need.

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  9. Yogi & Boo Boo

    24 comments and 12 are about Alf. Geez. ^^^^^

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  10. TheArtist

    never fear, the men with the fancy pants will come to the rescue in Europe..ha

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  11. GravestoneDoji

    i see people giving Fly trading advice…i see dead people everywhere…

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  12. razorsedge

    fly here my advice, i wouldnt ban alf, because of all his puff .he might come up with an idea that isnt obvious..so for the time being he stays, after that,fuck um.not that u need advice..just sayin

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    • drummerboy

      you should let the fly come and captain your boat.show em how to snag some marlin

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    • Mad_Scientist

      I roll my eyes at the boasting as much as the next guy, but what’s all the clamoring to have the guy banned?

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      • alf44

        uhhh … JEALOUSY ?

        Just a guess !!!

        Doesn’t really take a Mad Scientist to figure it out !!!

        LOL

        .

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        • Frog Playing a Colorful Accordion Song for Bernanke
          Frog Playing a Colorful Accordion Song for Bernanke

          I do not want you banned, Alf. I appreciate your spelling out what your positions are, which few have the courage to do. And I congratulate you on the fact that you have made some money, at least lately.

          However, I can’t imagine that the folks who want you banned are jealous. They are likely irritated by various things about the way you post, by your rather unpleasant looking avatar, and/or by your being so madly in love with yourself.

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

    Alf, you have some interesting things to say at times. But could you please stop leaving big spaces in your posts to make them bigger than everyone else’s? And could you please stop with all the CAPS so much of the time?

    I congratulate you on making some good trades. But that doesn’t keep the format you use in your posts from being irritating.

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    • alf44

      “Frog” … listen up !

      You seem to be one of the lone “reasonable” voices in this “Sea Of SHIT” !

      Some people “TRADE for a Living” !

      MOST … reside in the Peanut Gallery of Blogs and Message Boards and try to bring down the “REAL PLAYERS” ! I am a veteran of the Internet ! I git it ! Most of these illiterate imbeciles are not worthy to wash my windows !!! They are inconsequential drones !!!

      Seriously !!!

      They are laughable peons !!!

      If you think I am bothered … for ONE second … by what these buffoons say you are as clueless as they are !!!

      I will continue to say what I want to say !

      And, I will say it … JUST … as I always have !

      .

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  14. razorsedge

    i like the spaces, it makes it easier to read.cause im old and decrepid, his form is not an issue with me.his pompous attitude is, just sayin

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  15. jimmy_two_times

    back to what cain and jake have been saying

    watch the DXY

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  16. Testicules

    de-CAPitating Alf…hit the scroll button if it bothers you so

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  17. Quint

    Now I feel old…

    http://www.businessinsider.com/doug-fluties-daughter-2011-9

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  18. razorsedge

    i like BK look tell me what u think,,raz

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  19. ruggyup

    The old guy volunteers to pay a 1 year membership fee for Carol Bartz if only to hear her rip a new asshole for Alf and Raz.

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  20. mikeD

    hey Fly i really appreciate all your help i have learned a tremendous amount by following your blog and joining the ppt

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  21. Bullish

    I’d hate to be working in Human Resources on Friday.

    Can you imagine how busy they will all be after Pres Obama’s speech on Thursday night?

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  22. The Plumbers Crack
    The Plumbers Crack

    Some useless bullshit comments happening here.
    Where did all the gentlemen go?

    You fucking morons are supposed to be in a tux with top hat to speak on this site.

    Now go home and bathe.

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