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

L I Q U I D A T I O N

I am very busy now, as I prepare to buy all of your margin liquidations. Today marked the wholesale liquidation of metals and basic material stocks. For those who adhere to the irrefutable laws of mathematics via buying TZA or ERY yesterday, I tip my hat to you, while counting my wins in ERY.

More on this later.

[youtube:http://www.youtube.com/watch?v=qGcZCvwh7SY 603 500]

UPDATE: This guy is THE ULTIMATE BEARSHITTER. ROFL
[youtube:http://www.youtube.com/watch?v=lqN3amj6AcE 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter

39 comments

  1. Yogi & Boo Boo

    Indeud sir. Thank you for sharing your wonderful money making tools.

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  2. MetalLeg

    “Buying margin liquidations” as in you think we’ve bottomed?

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  3. go2jupiter

    I almost got shook out of my shorts yesterday

    No lie, I got drunk instead

    We are closer to the end than the beginning, more on that later …

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  4. Dishobgyn

    Tza holder, net short, up 3.5 percent on the day.

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  5. J Livermore

    That was THE wholesale liquidation of metals? Or it was A wholesale liquidation of metals?

    I don’t think it’s done.

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    • Bonanza36

      Total agreement. We have not yet retested the lows on silver from Tuesday. No capitulation on metals. Still too many bulls.

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  6. TraderCaddy

    I’m just surprised Fly didn’t post the Rays DJ Kitty video for tonight’s game as it makes more sense than the above Gangsta video.

    http://youtu.be/ft3wGg6WbPQ

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    • Rob T

      TraderCaddy, you in TPA? I was at the game last night. DJ Kitty had a reason to throw ’em up.

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      • TraderCaddy

        No.
        In Orlando area but still a fan of this brand of baseball and Mgr. Maddon.
        We still take the drive a couple of times each year to a game.
        I was at the 11 inning Sat. night Red Sox 6-5 game a couple of weeks ago.

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        • Rob T

          Noice.
          The family’s had season tix for going on 8 years now; try to make it to at least a dozen or so games each season.

          I’m in the ‘burg, so it’s quick trip on my end.

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  7. Schizo1688

    I don’t think I wanna go long until we go down another 1000 pt in Dow

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  8. muttonfish

    The market is mad. Mad, I tell you. Germany and Greece are throwing a party tomorrow, and Mr. Market is likely to show up in a highly intoxicated state, slapping the teardrop ass of the hostess and pissing in the crystal punch bowl.

    Not to mention GDP and jobless claims. Absolute madness, I tell you. I’m 20% short via FAZ and SKF from yesterday morning and 10% long the dollar from last week, and that’s madness as well.

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  9. muttonfish

    And I must hasten to add that Angela Merkel’s ass does not now, nor has it ever, been shaped like a teardrop. I took a little literary license there for the sake of my analogy.

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  10. mutabaruka

    What happened? Do I have to watch every tick?

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  11. jose mann

    dude, if you have ticks, then you better watch each and everyone of them …

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  12. Hugh Hendry

    I declare the return of Horatio Clawhammer, last seen November 2008.

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  13. HalfBloodPope

    The guy in second video created $TZA. Young Jeezy created $TNA.

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  14. Hermes

    The Working Group on Financial Markets is our friend. There are masters of the universe. Do people not fucking understand national security? There will not be a long term crash, it is not fucking rocket science, markets can and are being manipulated. You should be grateful.

    http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

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  15. Marc David

    For the record… the AHA and the National Cancer Institute recommends 25 to 30 grams of fiber a day. On average, most Americans only consumer 12 grams of fiber.

    I wouldn’t recommend excessive fiber. You’ll just lose friends.

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  16. futures

    lol @ the trader video update.

    is that guy the ghost of tim knight? rofl

    dude’s fully wacked man. he no doubt dreams of TZOO going to 83 cents lmfao

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  17. Big snacks

    I’m afraid 1100 may not hold if we go there again.. We better hold quickly

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  18. Tradermarket247

    http://yfrog.com/nyq6ikj ERY!!!!! I want my hat tip!!!

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  19. KCScott

    IT’S A TARP! Seriously though – The Huns are gonna pass this crap, everybody will buy stuff and prices will go up. Then it will be Friday

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  20. freefall

    Ohhhh GOOG u so crazy… got into those puts a tad to early… ok a lot to early… was starting to think i was the fly for a minute… whew….

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  21. steak42

    http://www.youtube.com/watch?v=6MrSLna8lto&feature=data

    some funny shit right here!

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  22. Dishwasher

    That “trader” is a douchebag, but not as big of a douchebag as the BBC producer who gave that interview the go-ahead. That “trader” is as much of an expert as everyone here posting comments.

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    • Sierra Water

      FU Sir! This guy is a folk hero. He may be a simple man without the trade experience of a Goldman Saks, but thats what creates invaluabe intuition, being outside of the box. He is looking at that bearish pennant formation kissing off all the index daily 200 SMAs and salivating as am I. There is a black vortex stairing infront of the major indices. A lot of funny money is going to need to be printed fast to prevent an implosion.

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  23. schizo1688

    it feels like i am back in AUG when we were waiting for the fuckers at congress to raise the debt limit. this time around,i am gonna short on strength when europe pass the rescue plan.

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  24. GonzoT

    Which way will the EUR go after the vote? It is a debasing plan.. it will be a debasing race to the end.

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  25. Mad_Scientist

    Wow he offered so many wise strategies like “hedge” and “buy treasury bonds,” wtf?

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