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
23,468 Blog Posts

GROW A PAIR

The market trades up and then it goes down. Just because the market is going straight up in 2012 doesn’t give you the right to shit on everyones parade. When others do well and show it through a smile and a new Porsche Cayenne Turbo, don’t let your lower class reveal through envious actions. There isn’t a need for your to talk down stocks or better yet explain to me why we’re going lower. I’m a big boy, bigger than you think, and know exactly where we’re going and when.

I took 5% of my cash and bought FOSL today with every intention of buying more lower. I added to my MTW position because China is gonna ease and attempt to kill their poor via runaway inflation.

Hypothetically, if the market went down 200 today and stole 1.5% from my assets, I’d accept such treachery with a gaze then a smirk. I am due for a thrashing, and so are you. It’s the manner in which you take said beatings and how prepared you are to endure it that makes the difference.

We have an interesting situation right now, where stocks are dropping–but GS is holding. It’s gonna be real hard to take stocks down with the financials rallying like this. With my money, I remain long, heavy cash, and a small TZA position 9% in the hole.

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75 comments

  1. OG

    LULU shitters are the best.

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  2. Mr. President

    Off topic:

    When the inevitable “boredom with making money” hit(s) you, Senor Fly, how did/do you cope? It’s so fresh and fun at first, but it doesn’t take long until it gets stale. Any advice?

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  3. Half Blood Pope

    As a poor foolish individual I highly suggest you sell the Lexus and upgrade to the Porsche Panamera Turbo. The Cayenne is a total chick SUV. I am personally a 911 man myself but you have mini Flys to truck around.

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    • The Fly

      But that’s because you are–once again– a young punk with no kids.

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    • Half Blood Pope

      Sat here for five minutes thinking of a clever comeback….nothing.

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      • Ben & Jerry

        One of the more honest guys here

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      • Dr Fly

        If I was you, I would have said “don’t hate on me, old man, because I am younger than you and not tied down to an anchor, driving around in soccer mom cars.”

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        • Bullish

          Give him a couple of years and he will be crusin around town in that new Volkswagon Routon, showing off how he can open all the doors with a push of the button.

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          • Half Blood Pope

            I would not drive a VW if David Hasselhoff himself personally gifted it to me.

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          • alf44

            A Porsche IS a VW !!! (in effect)

            .

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          • Rob T

            (waits for the ban)

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          • alf44

            The point is and was …

            … Ferdinand Porsche (an Austrian engineer) founded BOTH Volkswagon AND Porsche !!!

            He founded Porsche in 1931 !

            He founded Volkswagon in 1937 !

            .

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          • Bullish

            And I’m not ashamed to drive a mini-van on the weekends when I’m muling around the whole family.

            During the week, I prefer my Japanese made bat-mobile.

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          • Jakegint

            Never

            Ever

            Drive a mini-van.

            There’s really no excuse, and that’s why God made the Yukon Denali.

            (And gifted it to Satan)

            _____

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          • Bullish

            Did I mention I wear dark sunglasses and a fake mustache while operating the minivan?

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          • flyaway18

            Well, it was made for your wife, who has a tendency toward fender benders.

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          • Rob T

            A Volkswagen? Really? On this site? I stopped driving those Mexican-made money pits back in college.

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        • Half Blood Pope

          It is okay because you are correct Dr. Fly. I am young (26), foolish(blew 30% in 9 months trading with no experience or research) and poor (relative term). I come here for intelligent comedy and stay for the life lessons.
          I should have listened to you 9 months back when you said to leave the stock shit to people like you and just focus on pharmacy. I was up 14% for the year and thought I should go back to school for finance. I stubbornly traded on and blew myself up.

          Fly won again.

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          • The Fly

            Wrong. Because you are young, you should keep investing until you find your groove. Consider the losses tuition.

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          • hattery

            “When a man with lots of money and a man with lots of experience meet, the man with the experience ends up with the money, and the man with the money ends up with the experience.”

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    • T-Bird

      How can you be a 911 man with a 1st generation corvette in your avatar? For my money, the ’57 corvette big block is what defines American sports car styling. That and the ’63 are two cars I dream of owning.

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      • Half Blood Pope

        I try to keep an open mind T-Bird. As Joe Dirt as it sounds an ’88 Monte Carlo SS has always been one of my favorite cars (mint condition of course).

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        • Blind Read Ant

          If I might add so Half Blood, the first time you slay a safari prize and ride/drive the magic coat tails, take the week off (from trading).

          Savor that wynning.

          BRA has tried, on multiple occasions to magnify all too quickly, giving back an unmemorable amount of profit in full greed/retard mode.

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    • alf44

      Here in the DFW area search teams and divers last week pulled a Porshe Panamera (about a $130K car) out of a canal in the Las Colinas area. All 3 passengers were dead. I actually sorta knew (more like knew of) the driver from years ago.

      Their funerals are today.

      Very sad and tragic !

      .

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      • drummerboy

        the old lady has a vw passat 03 wagon w/a 5 speed, i cream camaros’ and mustangs with no sweat.@ half blood, i brought my first drum kit home,in my older brothers’ 62 vette,i’d take a vette over any pos anyday.

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        • Halfbloodpope

          My father’s car has brought us very close over the years. The old mailman is very meticulous with his car and I have taken great value in that.

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          • drummerboy

            god bless if he still has it. my brother still has his original hupcaps hanging in his garage,they are prolly worth more now, than what he paid for the car back then,same color

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      • Jakegint

        What’s the back story, Alf?

        ….

        ….

        ….

        ….

        Was it right after that last Giant game?

        😉

        ________

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        • alf44

          3 people were killed and you’re making jokes about it. Why am I not surprised ?

          Such a jerk !!!

          .

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          • Crazy George

            A jerk would revel in such talk and encourage other people to feel bad via showing sympathy (aka weakness) just because life occasionally happens. Grieving doesn’t make things better…. Sometimes the best things about the past is they are over, so leave what happened behind and move on. Laughing is a lot better for you than being a Debbie downer, so lighten up Alf, if you want sympathy you are on the wrong site!

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          • alf44

            FU

            .

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          • Crazy George

            In other words, misery loves company, and I hate misery, so move to Missouri the state named after it if you are looking for company and “Alf” off… or else be thankful you are alive and it wasn’t you 🙂

            I am only saying this half sincerely… obviously what happened to someone else you sort of kind of knew isn’t pleasant, but what do you expect us to do about it? I would say I’m sorry for your loss, but its’ not like I caused it, or know you personally.

            The way I see it, the best thing anyone can do for you is to tell jokes and take your mind off of such garbage. We all die in time, so all you can do is try to enjoy it, not bring everyone else down to your level.

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          • alf44

            again … FU

            .

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          • the Bull

            If I may interject? CG, you’re a dick.

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          • alf44

            TYVM !!!

            .

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          • Jakegint

            Alf, laugh a little, dammit.

            Life’s too short.

            ______

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          • alf44

            Jake … FU dude !

            Listen up !

            I am prolly the funniest guy you will NEVER meet !

            I was actually voted “Class Jester” of my High School Senior Class. TRUE … I swear !

            I literally am able to find the humor in almost everything ! Alot of tha shit I post here is “tongue in cheek” … and intended to be taken that way !

            I KNOW funny !

            I KNOW how to “laugh a little” !

            You want the “back story” ?

            The driver of that Porsche was a former #1 ranked High School Tennis player in the state of Texas (this is how I knew him) ! He was also the #10 ranked High School player in THE NATION ! THE NATION !

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          • alf44

            … the 2 other passengers in the car were basically “kids” …

            The guy … a recent grad from UT Austin working at Cisco Systems.

            The girl … his fiance … a Senior at UT Austin … about to enter Dental School.

            Both the driver and the girl were from my suburb.

            Forgive me if I find it difficult to laugh it up about 3 very good people perishing in a horrific car crash !

            .

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          • alf44

            … further, he (the driver) went on to graduate from SMU (Southern Methodist University) Law School and later … successfully representing multiple liability cases involving mesothelioma from asbestos … and winning several large multi-million dollar settlements.

            .

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          • alf44

            FUNNY STUFF … huh ?!?

            .

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  4. THEY'LL KNOW ME BY THE TRAIL OF BLOOD
    THEY'LL KNOW ME BY THE TRAIL OF BLOOD

    Horse and buggy.

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  5. noodleboy

    Fair enough Fly, point taken.
    Just posting for my own benefit, please don’t mind me.

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  6. THEY'LL KNOW ME BY THE TRAIL OF BLOOD
    THEY'LL KNOW ME BY THE TRAIL OF BLOOD

    Yeah where is huggiebear, I bet that man sports a pedo-stache.

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  7. TMoe

    “During my lifetime most of the problems the world has faced have come, in one fashion or other, from mainland Europe, and the solutions from outside it” (Margaret Thatcher)

    Where will it come from this time??

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  8. moolahheaven

    “It’s the manner in which you take said beatings and how prepared you are to endure it that makes the difference.”
    -truer words never spoken. You’re a class act ‘Fly’, I wish I could say the same for the class action lawyers and socialist faggots who want someone to hold their hands and tell them how to live their life.

    Take your losses like a man. Live free or die.

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  9. Lyle

    …………”know exactly where we are going and when”?????????????????? Then, my God, why did you sell LULU? and why only 50% in? And and and……never mind, you don’t know, do you?

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  10. Whaler31

    I banked some coin on LULU today, dropping off it’s highs.

    DECK is delivering coin either way (hopefully both)

    Who the hell out there ever talks down (or up) stocks??

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  11. Yabollox

    My wife has a nice pair.

    😉

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  12. ALLPROz

    …Don’t look now, but the Financial sector currently has the highest percentage of stocks above their 50-days (94%) out of all ten S&P 500 sectors…

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  13. xxxHuggieBearxxx

    My prophecy has been fulfilled, in rather spectacular fashion. However, i only took half my losses. I will take the other half if we close higher tomorrow.

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  14. riggedgame

    This fuckin’ broad on CNBC (whose face looks exactly like my cat’s ass) is shitting all over a technical expert from Corning, who is demonstrating before her PIG EYES a “Gorilla Glass II” which is five times as strong as regular glass that was 8X the thickness, and three times as strong at half the thickness of Gorilla Glass I.

    And this ugly bitch is wondering what it can be used for.

    The nukes failed to do their job.

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    • Hammer

      Shit, I could use it. A golfer sent a ball through one of my windows this weekend. It had to be an incredibly bad shot…just wish I could have seen it.

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  15. Grow a pair

    http://www.youtube.com/watch?v=4yM59ZrgHaA

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  16. Tim Knight

    There are no short cuts in life, son.

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  17. FIG

    Back when ARCO went public, Le Fly said he would be interested in the stock at the right price.

    Well, I believe that right price is here now.

    I’m just waiting for the turn. It’s been down 9 straight days.

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  18. Whaler31

    Senor Fly,

    It looks like the Lulu Director was selling along with you $26m worth:

    http://marketbrief.com/lulu/4/insider-trading/2012/1/10/9187807?s=st

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  19. Dr Funk

    Bullish bearish sentiment something like 83-17

    What sector do you like that’s approaching overbought?

    Coincidentally that will be the score of the Patriots game over denver

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