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
23,471 Blog Posts

Not Playing the Euro Game

European leaders meet on Friday in an effort to solve the debt crisis. Logic would dictate, given the recent market volatility, that Merkel and Sarkozy will  come to an agreement and all will be well and good. The problem with that theory: LOGIC DOES NOT EXIST IN  THE EUROZONE.

I’ve decided to expedite my selling ahead of the Friday fuckfest. I’m looking at the recent run and feel grateful that my year has been salvaged. It would be, mind you, incredibly irresponsible of me to press my bets near the top end of the trading range. Each and every time we’ve tried to breach these lofty levels, investors sold in great size and ferocity. I want to be a seller at these levels, ideally into strength.

Moreover, in my personal aggressive account, I will begin buying TZA in tranches, all based upon the mathematical precision of The PPT. Just so you know, the Godly folks at iBankCoin are in the process of concluding a study on trading the Overall Hybrid scores. The results will be forthcoming and will be nothing less than staggering.

Bottom line: this market is holding up incredibly well and the economy is doing better. However, I can’t put the fate of my financial destiny in the hands of the fucking perverts who operate inside of the EUROZONE.

 

UPDATE: I sold out of AKS

 

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33 comments

  1. dk

    what is a hybrid score??

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    • The Fly

      members only. Sorry, but it’s not fair to members to give it away for free.

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      • Jakegint

        I think he was just asking for the definition.

        I would say that’s kosher for disclosure, and not bad for marketing either.

        _______

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    • The Pirate Trader
      The Pirate Trader

      A hybrid score is basically an algorithmic ranking of the current market technicals and fundamentals. It spits out a reading hourly and lots of us use it like an overbought/oversold oscillator. It’s somehow amazingly accurate.

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    • Andy

      Hybrid Score = getting laid in the back seat of a Prius

      Hybrid Sore = how you feel the next day

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  2. steakNeggs

    why TZA and not FAZ?

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    • The Fly

      FAZ can work too. TZA is broad market and I prefer that.

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    • ALLPROz

      TZA as well…banks could pop or flop at any moment and more of a coin toss. Small caps easily overbought short term.

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  3. Bleached asshole

    You cain’t go broke takin’ a profit (no Woodshedder)

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  4. Berniecornfeld

    There just isn’t enough reward for the risk here is there? Great call.

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  5. Fly's Real Male Yoga Instructor
    Fly's Real Male Yoga Instructor

    In regards to IBC prices going up. The real reason is the Fly just placed an order for 50 pairs of LULU yoga pants so he can wear them all day long, every day. He is going to look ravishing !

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  6. Bravo

    Your musical selection is as good as your timing. Loving the Bach…

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    • ALLPROz

      Bach conducive for mental clarity and “A-game” trading…

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    • Bozo on a bus

      Yes, excellent choice. I note Mr. Gould played impeccably without the sheet music. I didn’t hear his famous humming but it did look like he was singing along – truly into the performance.

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  7. drummerboy

    fly,what ya think about “ing groupe” as a spec play that the uerotards indeed indicate something done,volume and price action look good last couple sessions. thanks

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    • Jakegint

      Ing was severely fucked last bank meltdown cycle.

      Like the overall market… too much risk, not enough reward available.

      _______

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  8. ALLPROz

    Watch the banks…BAC is back…

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  9. spy007

    Whats up with the non ghetto music

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

    “LOGIC DOES NOT EXIST IN THE EUROZONE.”

    The Europeans sound like Socrates in comparison to the bulshit that comes out of the Republican Party.

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  11. tx slave trader

    Finally, some jams up in this…

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