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

GOOD RIDDANCE

The market is melting up and I am busy throwing large quantities of money into flaming barrels of garbage. It’s Murphy’s law at play here, pal. I was going to allocate some coin into CREE today, when it was +0.45. Instead, I threw money into a flaming tar pit in BYD, currently off by 1% from my basis.

I am elated to see the market higher. Hell, if it was lower, my CIEN, VMW, and FFIV positions might be down 15% each. For that, I am most humbly grateful to the all-fucking-mighty for such splendour, gifting me with such minor inconveniences and accumulative losses (1%). The market was high on crack yesterday, yet I managed to squeak out a 0.3% gain.

FUCK YOU, running sideways, with footballs in your ass.

I don’t like this game anymore and I am going home. Once I get home, I am going to launch Saddaaaaam Hussein era Scud missiles into the playing field. And (I am not done), I am, purposely, going to lose money next week, as a penalty for the shit I pulled this week. It’s do or die with “The Fly” and I have no choice but to “Rick Perry” myself, by way of howitzer to the face.

Oh, by the way, I am sooooo excited about the prospects of my fucking TLT position. When the world is lit aflame by alien hordes, I might be able to eek out a small profit and handsome as the hamburglalr [SIC] dividend.

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79 comments

  1. SPEERO (@SPEEROTHEKID)

    Hot slices of pizza at the anonymous group on wall street.

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  2. genghis khan

    That’s because you keep ignoring The PPT and listening to the shadows near your favourite [sic] urinals.

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    • The Fly

      I just BANNED you three times

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      • genghis khan

        But Fly, you yourself tout your decisions are based upon the urinal shadows. I was merely suggesting that you should follow the mathematical precision of your own creation rather than some Harry Potter voodoo.

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  3. Lurker

    Howitzer to the face? I thought it was a corn dog in the mouth in front of a replica of the Sistine Chapel painting.

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  4. piker

    pikers!

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  5. Berniecornfeld

    Wow, after reading that I actually feel better about my week now. Have a nefarious weekend Mr. Fly

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  6. Duh

    Fly,

    With your sense of market timing why not just play the index futures and not risk being homo-hammered by gay acting stocks?

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  7. The Fly

    BANNED, part 2

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  8. Trading_Nymph

    Even though everyone was running AAPL back up to that gay resistances point of 400/404ish and buying Retail names cuz that is where they shop…THE BIG TELL is the eur/usd, it started the europe session at 1.3789 and ended the US Session at 1.3789. No Clam action leaked yet (thanks Scott B great blog). That Central Bank loans just pissed me off..but I am “Sitting on the Edge of Glory” when the Clam finally shows the world for the last time that he has no spine… my song http://www.youtube.com/watch?v=QeWBS0JBNzQ&ob=av2e

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  9. Michael

    Fly,
    As for the PPT which I am presantly a member of and trying to quickly ramp knollege, if I make a watchlist (take your Watchlist: 4g/smartphones) and review the entire list, I see that ARMH OB/OS 2.1 – CIEN OB/OS 1.88 – P OB/OS 1.9 – SCMR OB/OS 1.84, have the lowest OB/OS score and therefore are the most oversold in the group. Would you agree theoretically that once you create a universe, you compare the OB/OS score to others in the group and your candidates are the ones with the lowest score?

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    • Michael

      hybrid score, that is . . .

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    • The Fly

      MichAel

      Not necessarily. Every stocks is unique. Look at the historical Ob/OS levels for true inflection points. Some stocks offer excellent mean reversion opportunities. Others are better at momentum. Analyze the scores and try to find your comfort zone.

      I will do a blog this weekend in ppt about this.

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      • Michael

        Couldn’t find anything in PPT since you mentioned getting to it. . . is this in there someplace or is it still on the docket?

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  10. Raise taxes, Cut spending
    Raise taxes, Cut spending

    Between the HFTing and the ETF’s and index funds, I wonder what percent of trades have actual human thought behind them. It’s probably ridiculously small.

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  11. Frog Playing a Colorful Accordion
    Frog Playing a Colorful Accordion

    I guess the guy will sell a lot of books. You can tell from the news, that a lot of folks sure like to hear or read about politicians’ and sports figures’ real or imagined sex lives.

    Easier way to make bucks than trading this market for sure.

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  12. razorsedge

    GR wow

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  13. Niles

    Don’t tell me I am the only genius buying more TZA today? I am the king of the markets next week and IBCoin will start begging me to become their new CEO

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  14. Belly of the Beast
    Belly of the Beast

    Palin Was The Choice That They Gave Me:

    I’ll get around to GaGa later.

    http://youtu.be/3_rOCDG_btk

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  15. 'merica

    Bottle rockets just ain’t cutting it anymore.

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  16. Yogi & Boo Boo

    Oh shiite, I’ve got funny company.

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  17. BanAlf.com

    I’m missing my Alf update…since he’s not here I will do it for you, so pay attention.

    TYP was down 2.6% today and it was 80% of Alf’s portfolio.

    Thus Alf was down 2.1% today while the market was up 0.6%.

    And for the second best market week in a year that was up 5% – 7%, Alf was down about 8%.

    Not good relative performance.

    And when the market opens up 2% on Monday, you going to have to take his shoelaces away.

    Did everyone get that! Are you watching!

    Have a great weekend Alf…something tells me you are going to ban yourself.

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    • BanAlf.com

      Holy shit. My name has been hijacked. I know my message is strong and I am seriously considering funding this site. Is Alf a PPT member and that is why you tolerate him? If so, that shows desperation.

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      • Keith

        I think there’s a simpler answer: Noone is concerned about either banalf.com, so its really not that big of a deal.

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      • The Fly

        Alf is not a member. I haven’t banned Alf for two reasons.

        1. He has never showed me disrespect.

        2. He has been right more than wrong.

        Ironically, I may ban banalf.com, however.

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        • alf44

          “2 enthusiastic Thumbs UP” !!!

          .

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        • Ban BanAlf.com

          Thumbs Up!

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        • BanAlf.com

          BanAlf.com hasn’t shown disrespect to you either. They just like calling out the assholes that thump their chest when right and disrespect others.

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        • BanAlf.com

          And regarding the last part…”He has been right more than wrong.”

          Give it time, he was down 10.5% in one week!

          Anyone down 10.5% in one week is not a trader or investor…he is a gambler.

          He must have lost too much at Texas Hold’em and now he is trying stocks.

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          • alf44

            Not that I need to “defend” myself to a troll like you … who creates some chickenshit alias to hide behind … with which to try and denegrate and insult me … but …

            You conveniently omit the fact that I started scaling into FAS “Long” on 9/9 , 9/12 & 9/13 …

            …ALL while taking profits on my TYP “Short” position on 9/9 & 9/12 !

            I started to scale out of FAS “Long” on 9/14 & 9/15 … for +3% profits & +9% profits respectively !!!

            I begin to scale into TYP “Short” on 9/14 & 9/15 … which is where I am now !

            So listen up jackass !

            While I may be down 10.5% on my current TYP “Short” trade …

            I AM NOT “down 10.5% in one week” as you assert … as I have taken profits that at least partially offset that number !

            All the trades were posted here … go read’em if you like … I don’t really give a shit !

            As of NOW … I am DONE with you !

            .

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      • alf44

        FU 2 !!!

        .

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    • alf44

      F U !!!

      .

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    • alf44

      Oh … and btw, “Math Whiz” …

      … I am ACTUALLY DOWN about 10.5% !!!

      Ask me if I’m worried, Jackass !!!

      FU !!!

      .

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      • alf69

        brother alf, are you fucking up, fucking down, or just fucking through …

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        • alf44

          … the REAL question IS … are YOU fuckin’ stupid ?

          Don’t bother answering … the answer is glaringly obvious !

          I ain’t goin’ nowhere !

          I have posted my positions … I have posted my trades … I have put my credibility out there … for EVERYONE to see !

          Have YOU done so ?

          I thought as much !!!

          .

          Listen up, fool … I will BE here … I will be accountable … I will admit “defeat” on this trade … if and when I “throw in tha towell” !

          Right NOW … don’t see that happenin’ !!!

          I WILL WIN !!!

          Write that down on a post-it … and stick it on your grotesque Neanderthal forehead !!!

          .

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          • alf44

            Okay !

            Admittedly, that last paragraph might have been the Cuba Libres makin’ their presence known !

            Nevertheless !!!

            .

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  18. Belly of the Beast
    Belly of the Beast

    OK, an avante garde parody of GaGa, and I have another also, called Mad Bromance ….

    http://youtu.be/LWxTGJ3TK1U

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  19. alf69

    brother alf, are you worried …
    can you bring back the fucking thumbs …

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  20. shipwrecked&alone

    IEZ is down 22% while every stock therein has rising estimates. HAL, SLB, BHI, NOV.
    There is a 3200 well backlog waiting Frac.
    As each contract expires, rates are raised. EGO latest presentations showed fracking is 40% of total well costs. They are up to 32 frack wells. Up 12.5% in SSO b/c I can’t guess which sectors will rise.

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    • riggedgame

      Fracking causes earthquakes, as well as fucking up the environment. I hope IEZ goes to fuckin’ ZERO, and takes the horse it rode in on with it.

      Didn’t you clowns ever hear of CONSERVATION?

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      • JakeGint

        Fracking causes earthquakes?? LOL!

        Do you freakin’ Libs swallow everything you read on Dumocrat Underground?

        Geez, whatta maroon.

        ______

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  21. Colonel von Ryan

    Even my lowly index fund made 5.5% this week…

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  22. razorsedge

    GOT TO GIVE IT TO ALF, POSTS HIS TRADES RIGHT OR WRONG,, GOOD JOB,!!!

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  23. razorsedge

    henery ford said, im gonna pay my guys enough so they can buy my product, we lost that somewhere,we allow china to subsidize shipping to us, and thats just 1 problem. i can buy stuff cheaper from china only because of shipping, doesnt seem fair, NFTA was to bring them to r level, not us to theres

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  24. La Fayette

    too many drama queens with too much testosterone. CAP much?

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  25. Belly of the Beast

    Here’s a clip for Cap; a GagHer parody:

    Rad Bromance

    http://youtu.be/O_P1OhKUw6I

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  26. Belly of the Beast

    No homo, but rumour has it that Cap is the dudette with his mouth agape as Butch Cassidy walks in with the flowing bunny robe.

    (The bunnies with X’s for eyes)
    You just have to notice all the lip gloss, Cap worked gratis, or “grabhis” as he put it. I just produce, I don’t judge.

    He was pretty tight with the thin guy with the black hair, cap, & goaty. No Homo.

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  27. isaretard

    Looks like a bunch of cocksuckers took a wrong turn on the way to the yahoo message boards.
    Obviously, the age limit was reduced to 17.5 years of age and I didn’t get the memo.
    I ban myself.

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    • Belly of the Beast
      Belly of the Beast

      Buh
      Bye

      We’ll miss all your retard commentary and advise on ….. about ….. with the uh, …..
      ah, ……… ((( crickets )))

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  28. Just a Test

    /////////// = Thumbs Down \\\\\\\\\\ = Thumbs Up

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