iBankCoin

Doing “The John Paulson”

I’m wrapping up the week with titanicesque losses, channeling John Paulson into a “fuck cab” and driving it into a wall of plutonium. Yesterday I was blessed with a 10% haircut in DECK; today I get GSVC. On Monday I expect some other position to drop by 10%, maybe LULU or EXK.

It doesn’t really matter at this stage “in the game.” I got my javelin in hand and I am ready to fucking launch that shit through faces.

Nothing you say will make me feel better or worse. See, I’m getting my fucking Paulson on–TITANIC losses aboard, nosediving off cliffs onto hard rocks. While other people swim in warm waters and drink pina coladas, “The Fly” swims with chum attached to his face and cock, in sub zero waters, littered with sharks.

Last I checked, I was still up for the year; but I don’t really give a shit about that anymore. I am resigned to lose it all. Let it all blow up in smoke and vanish before my eyes. I will perform great feats  of magic by showing you millions, then POOF, making it vanish into thin air as if that shit was aerated into the ozone.

In closing, I am full of money losing ideas and intend to make great use of them by converting hard currency into atmosphere.

 

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86 comments

  1. Yogi & Boo Boo

    Zynga Zynga.

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  2. pedro

    GSVC rick roll’d all of us today. Fuck you, Zynga.

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    • pedro

      Also LOLz at the market acting as if Zynga is 30% of GSVC’s portfolio. The 10Q says they make 10-20% on the promissory note if Zynga’s valued at $6-14 billion. Evidently, understanding 10Q’s is not a strength of mine.

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  3. Money Master Mind

    I’m putting you suicide watch.

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  4. ALLPROz

    My main concern is the Rick Astley video…

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  5. dk

    The difference between you and Paulson is that Paulson gets 2% of a gazillion whether or not he fucks up. That must be nice.

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  6. skyfish

    Individual stocks are like ticking time bombs poised and ready to blow your arms off. You really never know when you roll out of bed each day what to expect. Trading them is like a scene from The Hurt Locker.

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  7. Yankeedog

    Tom Demark still bullish. Looks for 1320-45 short term.

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  8. TraderCaddy

    Wouldn’t it be better if you went into that Cash Cab that I see on cable.
    You know, the one that drives around NYC and the cabbie gives you cash if you have the correct answers.
    In that way you can not only get some of your money back but you would also get a free cab ride.

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  9. Eithan

    love your words as always but that version for that song is more apt http://www.youtube.com/watch?v=q1YABGdai5k

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  10. TraderCaddy

    And as far as that Rick Astly video goes I guess we have now all been Rick Roll’d by The Fly.

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  11. firstadopter

    T. Rowe Price, Fidelity, and friends bought Zynga at $14 earlier this year.

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  12. Christopher

    Maybe you should call it the “Corzine”, dood just didn’t know where all that money went.

    Poof, our bullshit profits are gone.

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  13. CDuncan

    Never thought you’d need this one, and at the risk of being banned:

    “Your good enough, your smart enough, and dog-gonnit, people like you.”

    painful goddam week….. that is all

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    • Frog Playing a Colorful Accordion
      Frog Playing a Colorful Accordion

      Thank God this week is over. And I’m an all cash person– for the reason that I KNOW I have no clue what this market is going to do next.

      This tape sure loves to plunge to the depths of hell one week and rise from the ashes the next though, so that is one possible next week. But I don’t feel certain enough of that to bet money on it.

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  14. Mr. President

    Best
    Post
    Ever

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    • Juice

      agreud …. hysterical … at least le fly still has his writing chops .. in fact, losing money may enhance his skills

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  15. razorsedge

    went net short, 1/3 my port.

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  16. kelkun

    Best post ever. If there is justice in this world, the Fed will announce on Sunday at 3AM that they’ve had it with people trying to break the market for profit and that they’re printing 5 trillion to buy stocks. S&P gaps up 200 points, all dedicated shorts are taken out on stretchers, and we can resume normal trading, i.e., buying companies when they’re undervalued or doing well and selling/shorting companies that are overvalued or doing poorly.

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  17. skyfish

    In this world of levered ETFs and their inverses and catchy ticker symbols you’ve got to love NUGT & DUST.

    Just an observation.

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  18. Damon

    Mr. Fly, you will be okay, some stupid sh-t rally will suddenly make you up 20% for the year.

    Also, man-eating sharks do not swim in sub-zero waters.

    Remember, you were down and beaten quite recently and made a miraculous comeback.

    Perhaps shift some cash into the crazy internet stocks that dip, then go higher every few days.

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    • 'merica

      Not only that, but the ocean freezes at -1.8 Celsius (28.8 F). I learned something today, thanks Internet.

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  19. dave

    Follow the SHOMP, all will be well in due time.

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  20. jimmy_two_times

    Classic. the post and Rick. Man can he cut the rug or what!

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  21. Damon

    This could actually be sign of the 2012 apocalypse:

    CLINT EASTWOOD to star with his family in new REALITY SHOW produced by Ryan Seacrest…WTF?

    http://www.shortlist.com/entertainment/tv/clint-eastwood-to-star-in-a-reality-show

    That just might be a sign of the end.

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  22. Jizz

    I love the part about you having “Cum” attached to your face and cock!

    “The Fly” swims with chum attached to his face and cock, in sub zero waters, littered with sharks.

    I think you may have spelled “Cum” wrong though.

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  23. D. Vador

    Come over to the dark side(day/nighttrading), where we couldn’t give two shits on what happens in the world, or the force with their investment thesis’s.

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  24. insidetrader

    classic fly

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  25. Half Blood Pope

    When the currencies of the world go to zero I would be honored to play the role of ‘medicine man’ in your tribe.

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  26. Edwin

    $CPCE in oversold territory and hooked down at the end of the day.

    Rally time…pawn your underpants, sell your wife, buy, buy, buy…

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  27. Sparaticus

    I heard Santa was giving it Sandusky style to Ben in the shower, ass slapping and yee-hawing the whole way to the South Pole.
    If you catch me drift, Fle’. Might want to stretch out and lube up dude.

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  28. lol

    “With the Reichstag Fire in Februrary 1933, the Nazis in government were to initiate legislation that would eventually stifle all true freedoms. The first step in the artificially whipped-up frenzy after the fire was the Decree of the President for the Protection of the People and the State (28 Februrary 1933), which finally abolished rights that the Weimar constitution had guarenteed, even if in the period of creeping authoritarianism from 1930 to 1933 those rights had been ignored. This decree ended freedom of assembly and expression – it also authorized the arbitrary opening of letters in the post, telephone tapping, and allowed searches and indefinite detention without the necessity of a warrant.”

    It’s official, we are ruled by Nazi’s

    http://stocktradinginvestments.com/breaking-news-indefinite-detention-legal-habeas-corups-suspended/

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  29. mrkcbill

    “The Fly” swims with chum attached to his face and cock, in sub zero waters, littered with sharks.”

    You stole that from @jimcramer didn’t you

    A+ Fly

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  30. Cascadian

    When the world’s currencies go to zero commodity prices will go to infinity.

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  31. T-Bird

    Did a brother just (overtly) rick roll me?

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  32. skyfish

    Okay, I am reasonably new here…but, with regards to the “Blogger Network” there seems to be something wrong. Terribly wrong.

    Cutting and pasting endless news headlines is NOT “blogging!” And, that doing so could actually “award” you “Featured” status is really quite laughable! imo

    With that so called “Featured” status…you are afforded TWO REDUNDANT spaces of valuable “Front Page Real Estate!”

    Look at the Front Page! Is THIS what the “Blogger Network” was intended to be? A “donkey” getting MORE face time than any of the “featured bloggers” for (largely) cutting and pasting news articles…passed off as “blogging?”

    REALLY?

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    • skyfish

      REALLY!?!

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      • skyfish

        it just seems to this newcomer a tweek should be considered. Great idea in need of some tweeking. imo

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    • The Fly

      Skyfish

      That donkey posted 300 times. He won and got featured. It resets every month.

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      • skyfish

        He will more than likely win every month because it seems like he’s mostly just posting links to news articles. That doesn’t seem like “blogging” to me. Also, what I was trying to describe was more an issue of the Featured Blogger’s posts being in two different places at the same time on the front page. Conceivably, you could have a prolific “blogger” taking up ALL of the spaces in BOTH of the Blogger Network places and having the exact posts displayed twice. Which would seem redundant. If that makes any sense. Anyway, been lurking for awhile and love the site.

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        • The Fly

          You make a good point on redundancy and I’ve been meaning to correct that.

          It’s funny that you mentioned this, since as of 3 weeks ago I changed the algorithm of the bn leader board to greatly value words written posts. As you can see, Donkey is not winning this month.

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  33. Lonewolf

    This past two months I kept going to the mirror and look’n at that compulsive weird half crooked smile/half sneer on my face…. while I kept gett’n up every morning to trade…. then, I started lash’n out at my poor Ipad, throw’n it around the room and cursing Steve Jobs. I knew I needed help as my brokerage account kept going deeply negative and I was going crazy…so in a final act of desperation I made a appointment to see a psychiatrist!
    I explained to him…..
    “while trading this market I have been loosing large amounts of money, losing sleep, losing my temper, violently striking out at the talking heads on CNBC and now slurring my words while my feet are swelling up!!!
    He responded calmly and professionally that I was in reality suffering from Bi-polar disorder and it had nothing to do with the stock market or Europe, further it was why I was so precariously flushing my money down the toilet because all were symptoms of Bi-polar disorder!!
    Now I sit every morning after my prescribed dose of lithium staring vacantly at my screen, numbly switching back and forth between TNA and TZA and not really giving a shit and am still losing money…but at least now I could care less!!!!

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    • Goldie

      I love a story with a happy ending

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    • Frog Playing a Colorful Accordion
      Frog Playing a Colorful Accordion

      The market is bipolar also. You just were running on opposite cycles. Maybe you should try to match up your own cycles with the market’s, LOL.

      Seriously though, if you really do have bipolar disorder and/or an addiction to trading which loses you money consistently, perhaps you should be in cash. Psychiatrists are rarely good psychotherapists. If you have a trading addiction or addiction to your own adrenalin etc., a good counselor could help you a lot.

      Scads of people who are perfectly stable and normal have spent most of this year in cash, including myself. There will be times when trading is far easier than it is lately. Plenty of smart people have been blown up this year by this market. No reason for a person to take risks if it is not working out for them.

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    • SUBCOMANDANTE CHINCHINILLA!!!!!
      SUBCOMANDANTE CHINCHINILLA!!!!!

      I prefer the discount guitarist, Eoj Massabona.

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      • Donkey Dick

        I’ve seem Eoj perform only once. No match to Joe though! All his material is apparently stolen and rewritten backwards. Weird.

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        • Allinihcnihc

          Yeah, couldn’t agree more. Bonamassa can outplay Eoj handsdown in any guitar competition.

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  34. mandingooooo

    Fly got tossed around like a little bitch this week

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  35. tm

    Wait, how could you be swimming around in “sub zero” waters?? Wouldn’t it be ice then? LOLTITS @ only finding that to be the objectionable portion of your statement…the rest makes perfect sense to me.

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  36. buylo

    Sr. Tropicanna, there is only one thing left to do before it’s too late, you gotta do da Tebow!

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  37. Susie Q

    Monsieur Fly, you must have very good rationale to position entirely long, with no current short holdings? None whatsoever?

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  38. walktothecabin

    best post ever

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  39. kidstock

    Feels like another Fly Bottom…market has you worn down. Your persistence will be rewarded with year end face smasher rally. Bulls and performance chasers are going to propel us for the next two weeks. Fly wins again. -The Antagonist

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  40. bulldozer

    my balls have more knowledge than your algorithims

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  41. The Fly

    Oh, and, idiots, because of salinity, the ocean freezes at -1.9 centigrade aka “The Fly” Wins Again.

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  42. Mad_Scientist

    Btw The Fly, the Republicans are pushing hard for the Keystone pipeline construction to be included in the payroll tax cut extension. If it works out for them, doesn’t the construction (sooner) of that pipeline hurt refiners like WNR and CVI? Your thoughts, please.

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  43. J

    I reckon this article is right. Wednesday is the day we find out if the Euro crisis is over.

    http://www.businessinsider.com/well-know-wednesday-if-the-euro-crisis-is-over-2011-12

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  44. Quint

    Shocking – Million $ beach home inventory down dramatically ~ 50% in Spring Lake & Sea Girt from June to now.

    And overall inventory is down too.

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