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
23,474 Blog Posts

You Call That a Sell Off?

You bears got trucked over by the AAPL-mobile, once again. Very shortly, you will all lose your minds and properly herded into “insane coliseums” for thorough reeducation. We’re not trading down; I’ll bet my fucking eyeballs on it.

With the market down a solid 70, VXX dropped like a fucking stone again. Now that I’ve realized my annual 6 fig loss in the bitch, I can move on with a free will and an open mind to unfettered winshippery. My favourite stock, by far, is YELP. Now, just like TEA, I’m not crazy about the valuation. But, long term, both will trade significantly higher. If you find yourself believing in the drivel disseminated by “would be bears” on those names, laugh at them and throw stones at their windows, for they are fucktards of the first order, well deserving of insolvency and to be casted out by society.

http://www.youtube.com/watch?v=wBfKXHoSvDM

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46 comments

  1. clegger_2000

    I would enjoy some acreage on Winship lane…

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    • The Fly

      that’s a real sign in San Diego.

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      • ecchymosis

        Is that near Yellow Brick Road? (also in San Diego county)

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      • MOOBER

        Indeud it is. Just outside the airport. Mrs. Moobs took that picture!

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      • Winning!!

        My new goal in life is to have sex with a 50k hooker in a lamberghini on Winship lane on top of a pile of money while doing coke and getting drunk and telling my broker to buy stock in Facebook on my way to a golf game with Tiger woods and Charlie Sheen

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        • Winning!!

          Shit, I almost forgot to mention there has to be Chopin Fantasy impromptu playing loudly in the background!

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        • Mad_Scientist

          there are hookers that charge 50,000 dollars?

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          • asshole bob

            For 50k, you can probably make a lot of non prostitutes into prostitutes.

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      • mortongould

        is favourite the proper spelling on Staten Island too? hmm..who knew?

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  2. JTU

    Considering that today could have been real ugly, I managed to fare pretty well. I was down about .30% but once I factor in the U.S. exchange rate I will be very close to break even.
    My best performers today were;
    SOL + $4.46%
    POT +3.90%
    C +2.45%
    AGU + 2.17%
    MOS + .99%

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  3. Rhino

    I see what you see on YELP, the only social media stock that almost makes complete sense. I too agree the valuation is off, but the “nontransparent correlation,” is there. I may use it to offset my ZNGA short, but I’d like to wait until their is some more news out of the FB camp.

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  4. crazymoppo

    very odd. do you reckon ben bernank and the obama super pac are going down to the exchanges with wheelbarrows full of cash whenever there is a hint of a down day? whatever, i continue to bank coin, it just seems a little eerie.

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  5. bearearns

    Shall I stop by tomorrow at the open?

    I posted yesterday that I held a double short from two levels(both near top). I suspect I will cover some if not all tomorrow, but that post may come back to hit you hard in the balance.

    Anyways best of luck aand enjoyed the humor as always. That being said yelp is awesome app/website. I use it more than facebook.

    I bet my name on lower prices tomorrow. Fairwell.

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  6. crazymoppo

    i gots a small VIXY position as a hedge, kind of pisses me off when the portfolio and the “hedge” drop in tandem…

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  7. Hack

    Ben wants to take out the 2007 highs. >=10% and we’re there.

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  8. Bobby Boucher

    $RUT back below the 830 level that has been resistance since the first week of February. Thought 830 was converted to support yesterday but now thinking “not so fast my friend”.

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  9. Yabollox

    GOOG $633/ APPL $606. This could get interesting.

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  10. Rick

    Any attempts I have made to hedge using VIX products have been futile.

    Even when the US market is resting it drifts up. lol!

    The tide is coming in.

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  11. FIG

    MAKO continuing to move higher. The move is just beginning. MAKO is the next ISRG, get in now and let her ride!

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    • mortongould

      make sure you hold your breath waiting for mako to turn into isrg…

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  12. ruggyup

    With AAPL being reforecasted to the 740s the pundits (excluding #1 irritant Cramer) are postulating an eventual move towards financial services. Who could capture more technical savvy to make a run on mobile payments? Just in case that might turn out, what then are the chances the congressional thieves start calling for a breakup of Apple? Talk about getting right to the core of the matter.

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    • Bazinga

      The core of the matter? The Apple core?

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    • riggedgame

      The stock market will break up AAPL.

      This “AOL of the 2010’s” will be double digits by 2020.

      And that’s without any splits.

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      • No Oil Shortage in the US
        No Oil Shortage in the US

        Too bad Apple is such a shitty company with shitty products. Overpriced, and over-hyped to the limit.

        Guess what is going to come crashing down, real soon? AAPL is in a bump and run chart formation. Time to short this bitch. It has nowhere else to go.

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      • mortongould

        jobs told the market to go fuck itself..it doesn’t work the other way…game ovah…

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  13. Berniecornfeld

    There are no more bears they went extinct in January. There are just bulls…and bulls with no testicles left

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  14. Mr. Partridge

    What selloff?
    Bears are pathetic …. but their time will come, nothing lasts forever… but for now we are going higher.

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  15. DaveyNC

    In TVIX at 13.65 a couple days ago. You’re doing it wrong.

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  16. theedge111

    Jumped in long the same day you did Fly. My Favs:

    TGP, CHK, WRP, SFY.

    The Bernanke reminded the markets today that he’g got their backs when he blurbed about interest rates.

    Guess we’ll be QE’in once again soon. Eventually it’s gonna take us off a cliff but you might as well enjoy the hookers and blow until we get there.

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    • mortongould

      hookers and blow? boy I bet you hang out with Charlie Sheen,still have your farah fawcett poster, and think joe esterhaz was the greatest director of all time…

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  17. Hack

    On to new all time highs.

    http://www.cnbc.com/id/46801008

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  18. No Oil Shortage in the US
    No Oil Shortage in the US

    Something for the news section since Cronkite keeps posting bizarro content…

    Why is Obama Lying About US Oil Reserves?
    http://oilprice.com/Energy/Crude-Oil/Why-is-Obama-Lying-About-US-Oil-Reserves.html

    “How much recoverable oil does the U.S. have in addition to the 22.3 billion Obama had in mind? Start with the Green River Formation in Wyoming: 1.4 trillion barrels—sixty-two times as much as Obama counts.

    86 billion on the outer continental shelf; 24 billion in the lower 48; 2 billion on Alaska’s north slope; 19 billion in Utah tar sands; 12 billion in ANWR. Then add in oil shale: 800 billion just in Wyoming and neighboring states. As IBD sums it up: “When you include oil shale, the U.S. has 1.4 trillion barrels of technically recoverable oil, according to the Institute for Energy Research, enough to meet all U.S. oil needs for about the next 200 years, without any imports.”

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  19. discoordinated

    What makes you take VXX over TZA somtimes?

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  20. Vale

    I’d really like to know who is buying $AAPL at $600+. Most retail investors could buy 20-50 shares maybe. 100 shares would be a stretch for most people, no? So who’s trading it. Day traders? It’s got to be BIG investors, no? Maybe they’ll be spitting in my face when $AAPL hits $1000, but what the hell, that chart is as parabolic as charts get.

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  21. BanAlf.com

    Did someone ban Alf without telling me?

    Do I have to take my website down now?

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  22. Trading_Nymph

    AAPL is at a major fibo resistance at 600, not sure why anyone would buy it. Notice VXX is at an all time low. Picture of what a top is suppose to look like..

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    • Po Pimp

      Because it hit your stupid Fibo of 240 back in 2010 and it’s at 600 now? AAPL doesn’t give a fuck about Fibo.

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  23. Stan

    This is a quote from you on Oct. 28, 2011. I really could have picked just about any date and the content would have similarities. You were calling a top back then just like you are calling a top right now. I give you credit, you are consistant.

    Its 2:13 pm est right now, I blog at my own site but had to play with Fly’s new Toy. At the moment the SPX on the minute chart is breaking under key MA’s on the one minute chart. 1280.85ish is turn the lights off with nothing but air under it if we can take out that support. The Volume has no room to go to the upside and has topped. Eur/USD has support at 1.4138. We hit our high for the day and us bears can finally have a day.

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  24. mortongould

    RE Josh Brown’s book….all I gotta say is if you like gossipy boring stories about the so called playas, have at it…the rest is nothing new that hasn’t been said ad nauseum everywhere else.. who butters each other asses on the “street” ie sell side analysts yada yada..unfortunately he doesn’t really rip into wall street or tell it like it is ….then again ..why risk a regular gig on Fast Money or getting to sit next to foxy tartlet Drury and jaw with Greenberg (ugh)! …ya can’t have it both ways…someday someone will write that book but this ain’t it.

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  25. surplusdroids

    Rick Santelli just had another awesome rant.
    He just destroyed Steve Liesman.

    And as usual I find myself agreeing with Santelli.

    Classic.

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