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

HALLOWEEN MASSACRE

I am about to go out for a little trick or treating with the kids, so pardon the brevity of this post.

The end of day sell off is indicative of hedge funds teetering on the brink of liquidation. There will be a tug and pull between underperforming mutual fund managers and hedge fund managers vying to stay in business via locking in profits.

I got suckered out of my TLT position at the range lows. I’ve said it numerous times, 2011 has been a very tricky tape for me and my paltry 16% gains reflect that. Nevertheless, the year is not over and there is plenty of coin to be made.

At the close of trade, I was heavily weighted in EXK, RENN, NFLX on the long side and short EXH and VXX on the short side for a grand total loss of about 0.7%.

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23 comments

  1. Prospectus

    What awaits those trick or treat-ers that dare approach La Casa Del Fly? Do you hand out flaming bags of garbage, or an ambrosia of the gods served in a chilled OWS protester’s skull?

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    • baggage

      He is trying to pass his bagholdingship from 2011 to them.

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    • wilmer

      Probably cans of creamed corn.

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      • alf44

        … have you seen the price of corn these days ?

        Maybe “candy corn” … those lil orange colored, pure sugar thingies !

        .

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  2. Mr. Partridge

    SPOOKY!!!!!
    HAVE FUN!

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  3. BigMike

    Only .7%? Not bad at all…

    I got “Corzine’d”. Thinking about scrapping my positions entirely and re-evaluate things.

    My year end commodity rally thesis got clobbered by EUR/USD today.

    What type of candies are you giving out this Halloween? Trying to do something different this time…went to Costco and got a good deal on oranges. I’ll bet parents will like that. Healthy eating…

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    • TraderCaddy

      Be careful BigMike.
      Some of those kids can throw quite a fastball with an orange through a window or two.
      We haven’t had kids here in several years because it takes too long to go between houses (we all live on 2-4 acres of woods).
      But, it does give me an excuse to buy a bag of Mounds bars which I will demolish in the next few days.

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      • This scam is rigged
        This scam is rigged

        No worries about the boys BigMike, they can rapid fire off a dozen texts in seconds but couldn’t punch their way out of a paper bag or throw a fastball. The girls can put your windows out though.
        Off to a party. I’ll be,
        the wizard
        song: http://www.youtube.com/watch?v=sEDw9xgSmSc

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    • alf44

      I have actually heard of oranges being injected with Vodka etc… on Halloween … and given out as treats !

      If my kid brought home an orange … it would prolly go straight in the trash can !

      Just sayin’ !

      .

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  4. panamaorange

    Check out the “forlorn trader” portait on mf global’s homepage.

    http://www.mfglobal.com/

    The page should play a loop of this song, behind him

    http://www.youtube.com/watch?v=oabcM9SOF-E

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  5. ruggyup

    One should not forget the old fraternity house Halloween line, “If you do the trick I’ll give you a treat”.

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  6. Gambler

    Too bad I didn’t wait until Friday to go all in on my TVIX. down but not out! ’tis a VXX Halloween afterall

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  7. alf44

    .

    The St. Halloween’s Day Massacre 😈

    .

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  8. Mushroomz

    Tim and Lady G are not coming home for Christmas

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  9. MX2101

    I live in a rented house in the woods at the end of a dead end street. Perhaps that is a metaphor about my life so far. But anyway, kids rarely come down here on Halloween. They should, as I buy good stuff because I will end up eating the candy.

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    • TraderCaddy

      No kids thus far and I am working on Mounds Bar No. 6 or 7.
      Love that coconut surrounded by dark chocolate.

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    • jose mann

      the lesson is do not buying shitty candies because you might end up eating it yourself …

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  10. Dr Funk

    Oh this is such a healthy market! Still leaning short. I didn’t get “tricked”

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  11. MOTV8

    MF Global hires Merlin:

    “Poof, your money’s gone bitches.”

    Happy mother fuckin Halloween!

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