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
23,443 Blog Posts

Don’t Forget Who the Fuck You Are Talking To

I want you to remember something, especially the new coke can kickers, visiting iBankCoin as if you were worthy. “The Fly” wins all the time, even when he appears to be losing badly. My recent set back is like giving fat kids head starts in 100 meter dashes. Go ahead and catch up to me, while I sharpen my sword, readying to chop your heads off.

Sure, we all go through rough patches. What makes the mark of a man is how he gets up after being sucker punched. “The Fly” has a long history of getting knocked down, only to get back up with the vengeance of 10,000 serial killers in order to punch heads off with dynamite tipped brass knuckles. As you sit there doubting me, my wins are marinating in the refrigerator, waiting for Chef Fly to fire them up. Emphatically, I understand you cannot compete with a person, such as myself. However, let’s tone down the small dicked jabs at yours truly, for this market has been my bitch for a decade plus now.

What you need to do is focus on your revenue streams. Surely the stock market isn’t the only place where you bank coin. True wealth derives from what a man takes home on an annual basis. While it’s true, the stock market may offer outrageous tailwinds, upping discretionary income to Rick Ross status. However, at the end of the day, this shit is all smoke and mirrors. I try to illuminate things for you, best I can. But some of you are either too young or stupid to understand my message.

If you are risking capital today, may the Gods bless you. But don’t think for a second this sell off is resolved. The Europeans are more interested in ironing their tight shorts than deal with their banks. Wouldn’t it be a bitch if France nationalized their banks? Yeah, that’s what we’re dealing with now. You can make coin through buying the blood. And, this whole fuckness may get resolved, leading to a monstrous rally. However, the downside risk is too great if you are wrong.

France goes and the Dow sits on the high wall, chilling at 6,000, easing us into a turmoil.

[youtube:http://www.youtube.com/watch?v=005GRsukWMc 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter

86 comments

  1. ShortyLong

    Bravo!

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  2. TheJacket

    To quote my friend Leon Cooperman. “if the result is so catastrophic to the system, Then leaders will act to not let the catastrophe happen”

    France nationalizing banks will never happen. Anything to the contrary is fear mongering. Now craw back in you hole with Roubini or come out and make money today.

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  3. alf44

    Well said, Sir Fly … well said !

    .

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  4. drummerboy

    amen !!!

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  5. drummerboy

    dont go there alfie

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  6. clegger_2000

    So if Brooks Brothers doesn’t fly for tuxedos then where shall we shop?

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  7. freefall

    Ahhh I was just takin a piss…so sensitive… I didn’t mean to hurt your feelings…short aapl..

    Sold my shorts, went long, sold that; now short appl… not working the best.. we will see by the close..

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  8. futures

    So many hilariously perfect Fly-isms in those paragraphs I cannot even count them.

    F

    I

    G

    Fly is Genius “golf clapping”

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  9. PirateSmile

    LOL,” giving fat kids a head start ” , now that’s entertainment.

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  10. Juiceyfruit

    “le fly is in 90% cash, rally” …. is back on !

    8)

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  11. razorsedge

    WPRT, jumpin,

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  12. The_Real_Hmmm

    The hits just keep on coming for Paulson. I realize he’s way ahead on the gold trades but damn, his gold fund took a hit today. It will be interesting to see the 13-fs when they roll out.

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  13. riggedgame

    What the hell is wrong with nationalizing banks? That’s a GOOD thing!

    Those fuckin’ bank presidents make 10x what they should, for doing Jack Shit.

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    • drummerboy

      yea,and besides, most of all the housewives that do all the work on the floor all day long get jack shit

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  14. pezhead9000

    “there seems to be only two choices: more insanity or the black abyss of waking to your own insanity.”

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  15. razorsedge

    between euro,dollar and the pound, we cant decide which side of the road to drive on!

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    • drummerboy

      waitin to pull the trigger on euo,not sure yet,these retards are playing hot potatoe in a faster rythum

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  16. Mr. President

    Back in FAZ and TZA…wait for it…

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  17. Havoc

    thanks for the Mobb Deep love.

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  18. kirkham

    lol – your playing mobb deep. hilarious. its like the movie office space around here: damn it feels good to be a gansta.

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  19. Juiceyfruit

    “le fly is in 90% cash, rally” …. has been canxelled!

    8)

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  20. pitbull

    UTL Utility Minute Chart Tests 423.83 Level……..The chart above shows the critical role the 423.83 level played in yesterday’s trading. Five tests, the level failed each time, but the magic hand saved the markets for each occurrence. Note how the final save of the day at the 3 o’clock hour and move upwards took the broad markets upwards into the close. This technique is an old time trading strategy using the utility 15-week lookback technique, described in Stock Market Logic, years ago. Suffice it to say, losing the 423.83 level today will confirm a broad market selling event. But, if the market bulls can remain above, the markets will stabilize into the weekend. The utilities are the only major sector that remains bullish as per Keystone’s algo, thus, it takes on added importance. The robots should kick in with strong selling if the level above fails. Use seven minutes as a guide for it to hold, note how yesterday it was saved each time within this seven minute time frame.

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  21. Sam Walton

    Here is an excellent idea on how to solve the banking crisis. http://news.yahoo.com/skorean-savings-bank-head-apparently-kills-himself-071532408.html

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    • razorsedge

      laugh, then sorrow crept in. was wondering how bad things have to be to do someting like that, was reading in greese suicides r increasing at an alarming rate.

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  22. The V.King

    5 chicken breast
    200lbs leg ext
    200,000 shares of NCT
    32oz of ice water
    marinate by computer
    recipe for profits

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    • Bullish

      Do you make your lifting partners sit on the leg press machine while you press just to add to the drama?

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  23. Bullish

    Well said Fly – Protect your revenue stream.

    Recessions are when the strong get stronger and the weak… well they are never to be heard from again.

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  24. futures

    gold bugs getting their lips sheared off today

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    • drummerboy

      time to get the list ready on miners. central bankers dont buy pm’s because it’s a relic……..

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  25. Geoduck

    I’m all in. This shit is fucking cheap! If it goes down all America goes down and I go down anyways.

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  26. go2mars

    Just bought a shit-tonne of AGQ at $115.

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  27. drummerboy

    well, back to a second coat of painting.this tape today is a bullshit one…… look at euro close, and asia, and our #’s flat b.s.. the real shit gonna happen after close,and over the weekend. either way,dont get caught with your pantalones at your ankles

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  28. Juiceyfruit

    “le fly is in 90% cash, rally” …. is back on !

    stay tuned …

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    • Great Unwashed

      …aaaaand it’s off!

      Now let’s see who has the cajones to hold over the weekend.

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  29. Vegas Trader II

    Very confusing..

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  30. Hugh Hendry

    On a day like today even Senator Gint must grudgingly acknowledge that the Hugh is hottest dance in town. “The Gint” is now out of favour[no sic]

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  31. Trading_Nymph

    Next week I have to deal with that stupid monthly rebalancing of passive currency funds that normally gives a short squeeze to us shorts. BUT, China is eyeing down Holiday time, so spot activity should go flat, which in 2008 paniced everyone. BTW, Can I just use the Clam’s Spine to hit the people buying AAPL at 404.00, they deserve it.

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    • ruggyup

      Why in the world are you on the pony so much about AAPL?

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      • Bullish

        iphone sales, ipad sales, mac sales etc etc etc

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        • Trading_Nymph

          Ruggyup, My Beautiful real sell off won’t come until AAPL goes back to 278 and actually lower. Saw this pattern in 2007/2008..as long as funds are hiding in AAPL the bulls will continue to fight….Bullish, and who do they sell to? China, Europe, USA…Global PMI’s say they can’t afford their toys at all.

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          • Bullish

            Global PMI’s are lying to you. People would rather have their electricity shut off before giving up their iphone.

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          • Trading_Nymph

            Those people have already bought the IPhone. IPads are being used by biz and older people..that is their cutting edge. Also, IMHO texting is becoming lame.

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          • TraderCaddy

            I hope not.
            I am still learning to text.

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          • Mad Willie Thompson
            Mad Willie Thompson

            Hah! awesome. Is it me, or does TC seem like the super-bitchin’ uncle you always wished you had? Y’know, the one with the El Camino and a different (hot) woman every family reunion?

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          • Bullish

            T9 all the way TC

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  32. Geoduck

    Clams are invertebrates.

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    • Trading_Nymph

      True, But this Clam has a interior skeleton system to allow him to walk and talk. Plus, it works well with my “Mortal Kombat Metaphore” which BTW, I loved Fly’s Pic for this article on the homepage.

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  33. xxxHuggieBearxxx

    You know what FLY, at least you could chill today…90% cash sounds relaxing. This is some bullshit tape to trade. Not worth the fucking Cortisol, if you axe me.

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  34. Non-Panicked View

    What happened to the crash?

    That’s about the 10th one that was supposed show up this year and hasn’t.

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    • DRAXWIN

      idiot, that is really all I can say to “what happened to the crash”? lmfao

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  35. MetalLeg

    I’m thinking some AAPL puts may be in order. If this bloodbath continues next week, nothing will be spared, including AAPL. If the dam breaks, that one’s got a long way to fall.

    I know this idea doesn’t necessarily comport with the general style of trading here, this is more like a pure guess, but if the dam breaks, there’s some good coin to be made.

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  36. flyaway18

    If people are too young or too stupid to get your message, you need to raise the age requirement, from say, 47.5 to 57.5. Gold has not been kind to me lately but when the dust settles I will buy some more.

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  37. alf44

    … very tempted here to git a little “SHOrTER” and “HEDGE UP” for the weekend ! fwiw

    .

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    • alf44

      … just “HEDGED” a bit !

      .

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    • alf44

      … maybe I’m “SHOrT” enough !

      On second thought, think I’ll hold off !

      .

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      • drummerboy

        been wantin to do euo with a big stick up its arse. but it seems too “carney” like.the song has changed on the musical chairs,disco,to heavy metal. can’t dance to metal

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  38. jose mann

    My fucking double silver AGQ got cut in half in less than a month, fuck …
    from 220 to 110, fuck, fuck, fuck …

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  39. jose mann

    my gold and silver positions get shredded into fucking pieces this week …

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  40. TummyGummer

    Fly
    I followed your 9/14 post regarding LCC and sold at the close today for a 4.88% gain. Not too shabby given this screwed up week
    thanks

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  41. dortmunder

    Sir Fly…you are near genuine..but you can’t get there if you keep playing this thug wanna be shit

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