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
23,433 Blog Posts

FOOT FIRMLY PRESSED DOWN, HEADING FOR THE SUN

I’m back in my car made from dynamite sticks, not giving a fuck about the extreme flammables around me as I head towards the sun. By the grace of the Gods, I’ve been spared in the recent downtick in equities. Adding to the fact that I escaped the clutches of death that is VXX, I am banging on my jungle drums again–long egregious amounts of CPST, YELP, TDC, RS, BID EXK etc.

I was up 1.44% today and my energy level is much higher than yours. I don’t need caffeine or Red Bull. I’m fueled by winship pal. Watch and see the market shit on bears, as we head towards all-time-highs. Those highs deserve new lows in volatility, by the way. If you find yourself long downside products, listen to me very closely: capitulate or get flattened out like corn by alien spaceships making crop circles in your bullshit backyards.

Cash level: less than 10%

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42 comments

  1. jg

    fig, dammit!

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  2. Cascadian

    At least my backyard is big enough for that.

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  3. mhfgarwood

    mr fly

    working on your request

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  4. Anton

    “…flattened out like corn by alien spaceships making crop circles in your bullshit backyards.”

    Lol, pal.

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  5. Rat f

    YELP is a steaming pile of shit

    Thanks for listening

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  6. TheArtist

    TVIX now down 50% in two days…ETF poster child

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  7. Testicules

    Anyone paying attention to the Saudi/China heavy oil refinery project?
    China is out buying U.S. in Saudi oil

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    • Cascadian

      So what? Oil is fungible.

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      • drummerboy

        @test,they have already thrown us under the bus in gas prices.and @ cascade i cant believe your naive to say ,”so what”.

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  8. Whaler31

    The markets needed a few down days, for gods sakes.

    How about that way off the bid 9% AAPL flash-crash on the BATS?

    I guess if you had a buy order in down there you would have been filled.

    Carry on.

    The markets will resume their marching powder-fueld climb next week.

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    • How to beat the flash crash market
      How to beat the flash crash market

      Put in a $1 limit order on every $500+stock and get filled.

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  9. xxxHuggieBearxxx
    xxxHuggieBearxxx

    I have been mesmorized by watching VXX drop 5%+ day after day after day…its quite something.

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    • drummerboy

      i was disappointed the kid did it again,fuck,last year de-ent……tell you.he had to do it again? tsk tsk tsk

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  10. surplusdroids

    ALLLL aboard, HONNK HONNK. (NO CHEVY VOLT)

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  11. drummerboy

    etf’s are rotten tampons,after they suck your blood,they’re thrown away ha ha ahahahahahahahahahah

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  12. Tom

    GMXR – Fly, any interest in GMXR at these levels?

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  13. Scungelli

    I’ve got one thing to say, for a man who made his career at stock trading and shit to go from “Double Down” on VXX a few short weeks ago, to now be back driving in his car made from dynamite sticks not giving a fuck of the flammables around him, really says something. Just keep doubting shit – it only has begun going higher.

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  14. pjdempsey

    Thanks Fly. Good stuff. And A$AP Rocky is blowing up.

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  15. Halfbloodpope

    How is the house hunt going O’Fly (had mentioned you were Irish)?

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  16. widespread panik
    widespread panik

    Fly you got a lot of catching up to do! My family fund is up 30% with only 10-15% being at risk. Yes, my equity and options strategy is up 240% ytd. Apple will continue to be the best trading vehicle BAR NONE for the next 2-4 years. My Apple options strategy is in mostly dry powder waiting for a pre earnings correction to 580ish and then up to a 640 target pre EPS announcement. BAC/QCOR/QCOM/PCLN calls have been very profitable for me in the last 45 days. INVN/FIO also righteous.

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    • Dr Fly

      good stuff Wide.

      Stick around and share your ideas.

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      • razorsedge

        up 70% in wprt, clne 35% lng,, get my drift..now 80% cash up 42%..ta da. on my hands.

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    • THEosu

      Selling weekly puts in AAPL has been obscenely profitable . It will end , no doubt ,but meantime I will milk the phucker
      dry .

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  17. Jason Bourne

    BATS make the market go BATSHIT crazy (no Ozzy Os-bourne supremacy)

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  18. lol

    Whats up with natural gas flash crash up?
    Any news?

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    • lol

      From ticker on the right of this page

      Natural Gas +0.36 (+15.69%)
      I don’t see ung or gaz up, must be after hours?

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  19. wilms

    Plutoniom Petey is by far my favorite of your alters. I’m right there with ya, long egregious amounts of AGQ.

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  20. Cyn

    Hey Le Fly:

    You mentioned reading Dickens a few blogs back. You should read “Scaramouche” by Rafael Sabatini. You are definitely the Scaramouche of the market blogosphere.

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  21. buylo

    Sr. Tropicanna is blessed as proven by da Teebow being magically transported near le Fly’s & his family, just like that!

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  22. Trading_Nymph

    Can’t decide of Germany is going to go all clam on me next friday with upping the EFSF/ESM, the market on Friday was thinking it will…still going back and forth. BTW, I HATE these liquidity rallies..it will be our black smoke death one day when money stops. Keynes isn’t working.

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    • Po Pimp

      Well, given your track record since April 2009 I think you can guess which way things are going to go.

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      • Trading_Nymph

        Well if I am bullish for this upcoming week based on potential firewall money coming out of Europe…and if I am always wrong…then..

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  23. xxxHuggieBearxxx
    xxxHuggieBearxxx

    I need to admit to myself that i am incapable of trading a melt-up market. I just cant do it. I have markets i excel in, and this is not one of them. I need to stand aside.

    Back to being down 2% on the year. Boo.

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    • xxxHuggieBearxxx
      xxxHuggieBearxxx

      check that, taxable is now down 3%….total returns are up 01% (including all accounts)

      i suck this year.

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  24. razorsedge

    see woods post.

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  25. Rat f

    Why the fuck would you sell something if it’s going up?

    You guys crack me up man!

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    • drummerboy

      when you want to sell, or feel it’s your time to sell, it has been written…….”THAT YOU SELL INTO STRENGTH”……..IBD RULE #, WHAT F$$$$KING EVER…and that is why people sell, when it’s up. class dismissed, no A game for yu

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