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
23,445 Blog Posts

Going Higher

Fuck it. I just loaded up on MWW. My foot is now firmly pressed down on the gas, heading for a crevasse, because I have a nitrous oxide engine and I can make it to the other side.

Don’t look now but GSVC is likely to spiral higher and soon. Remember, Facebook is going to file iPO and when they do, people will race to own GSVC, as they own FBOOK is the private markets. Before GRPN and ZNGA ipo’d, GSVC ran 25%+ each time, then collapsed after the emotional roller coaster climaxed. I expect the stock to trade north of $18 the day before the FBOOK ipo. The play is to accumulate from now until then and liquidate one day prior to ipo.

Look, I am made from win. Even when “The Fly” loses, he’s winning. Shit is out of control at Le Casa del Fly. The money keeps rolling in and it’s never gonna end. On a separate note, the boys over at 12631 are hitting homeruns, at a ridiculous clip. Go check them out.

The very essence of how I am positioned now is to profit from the pain felt by unworthy short sellers. I’ve taken it upon myself to be long stocks with bountiful short positions. Bet against me…lose your house.

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30 comments

  1. yoursisterspanties
    yoursisterspanties

    bout time you got some french montana on here

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  2. clegger_2000

    General Lee#1 was just sold at the Barrett-Jackson auction a few days ago. Indeud….

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  3. T-Bird

    Fly, what percent of your portfolio still sits in cash?

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  4. TeahouseOnTheTracks

    You got your 40 and more …

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  5. charlie

    Pedal on the fuckin’ floor!

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  6. Caruthers

    have to admire the big stack (no homo) pushing the small stacks around, forcing them to make decisions for all their chips.

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  7. mhfgarwood

    fly.. we are about to head lower for a while..

    take profits

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  8. mhfgarwood

    and yes.. the 12631 is very nice.. proud memeber

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  9. TMoe

    Where is the volume????

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  10. NC DJ

    Fly, did you double down on the diamond nuts after it gapped down?

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  11. JakeGint

    Jest two good old boys, never meanin’ no harm…

    Beats all you never saw, been in trouble with the law

    Since the day they was born.

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  12. tm

    The Facebook investment only represents 14.3% of GSVC’s fund. Any material pop should definitely be faded.

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  13. Mrs. Peabody

    We are about done here my children – try the German market – long EWG.

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  14. TMoe

    Fly, Facebook IPO may be coming soon. Mark Zuckerberg and Facebook brass here in Park City meeting with UBS, JPM and MS all day in Deer Valley.
    Funny that they are renting out Huntsmans pad here

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  15. Trading_Nymph

    Last year when China went on vacation the speculators ran LME Copper to 10,000. Well, Shanghai Futures could not take out Oct high but it came close. What I have learned is that China doesn’t like to pay high prices for their copper…So I am not sure whether the price will run up again in their absences, but IMHO it will sell off when they come back. And forget about RRR cuts and Interest rate cuts out of China, last time they did too much Hot Money took off and China can’t handle that, they can deal with PMI’s under 50, but they need their underground banking. Also, IMHO with the econ data, the Fed., BoE and ECB won’t do anything at their next meetings AND Australia may even cut rates.

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    • Mr. Partridge

      TN,
      It’s a bull market you know, get with a programme (Sp)
      Happy Trading
      Mr.P

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      • Trading_Nymph

        Mr P, Since Oct I believe its just a bear market rally and I need to see how this plays out. Can’t be good with the flash PMI data and lack of Global Money fading.It is amazing to watch. BTW, do you know that there was actual increase in the eur/usd short interest, beyond historical levels..this is so cool.

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  16. James

    Ignore the economic news and just buy. The market wants to go up. The best thing I ever did was to stop following jobs numbers and news out of Europe and instead focus on how equities were acting. The market has another 5-10% upside from here through March.

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