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
23,417 Blog Posts

Sometimes You Get Burned When Playing With Fire

First things first, I hope my personal hell hasn’t tainted the rose flavored water that you keep in storage. I like to think my feelings regarding Yelp were transparent and my ominous sense of doom clearly communicated.

The truth of the matter is, I am cosmically cursed. I haven’t made any sacrifices to the Gods for over 6 months and they are punishing me for it, in spades.

The jargon left in the comments section is repulsive and regrettably puported by small minded goat fuckers, who have seemingly escaped my lash.

The mainspring of this post is to serve as a reminder that I have a murderous rage inside of me and will make you pay your “fair share” for disturbing me on a day when my largest position was down 10% on good news. This is the quarter to accumulate Yelp, as they close in on profitability.

You are without top hat.

Tomorrow’s jobs numbers will set the tone. My mood is dark, so I am not optimistic about my prospects in the near term.

The curse needs to be lifted.

If you enjoy the content at iBankCoin, please follow us on Twitter

49 comments

  1. Hawaiifive0

    This is the quarter to acquire ?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. @crazyfasteddy
    @crazyfasteddy

    AAPL will fix all… once everyone stops freeing up funds to try to catch all the FB hoopla… time to IPO IBC

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. xxxHuggieBearxxx
    xxxHuggieBearxxx

    You and i both know we are all about to fall deep into a murderhole. The market was barely off but their was a bloody dismemberment that took place just beneath the rather serene surface.

    They are somehow hiding the topline damage whilst literally chopping people up into little pieces and shoveling them into sacks to be carted off to god knows where.

    I hope the jobs number tomorrow is awful….hopefully there is actually a net-loss. Thats the only thing that can save me now.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Halfbloodpope

      Huggie,
      You are back short again?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • xxxHuggieBearxxx
        xxxHuggieBearxxx

        No, I am long Vanguards version of GDX in a massive way…i am getting murdered. Although I did just notice that my fund was only down 2.4% today versus GDX at almost 4%, so thats something.

        Anyway, i figure a total economic meltdown would mean more easing very quickly. I am grasping at straws here.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • mrkcbill

          Wont make any difference…..if shit blows up ..it all blows up . Jake was buyin $SLW at 6 bucks 08.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
        • Under_Valued_Assets
          Under_Valued_Assets

          ADDITIONAL STATEMENT BY BILL MURPHY, CHAIRMAN OF THE GOLD ANTI-TRUST ACTION COMMITTEE

          HEARINGS ON THE METALS MARKETS, MARCH 25, 2010

          On March 23, 2010 GATA Director Adrian Douglas was contacted by a whistleblower by the name of Andrew Maguire. Mr. Maguire, formerly of Goldman Sachs, is a metals trader in London. He has been told first hand by traders working for JPMorganChase that JPMorganChase manipulates the precious metals markets and they bragged how they make money doing so.

          In November 2009 he contacted the CFTC enforcement division to report this criminal activity. He described in detail the way in which JPM signals to the market its intention to take down the precious metals. Traders recognize these signals and make money shorting the metals along side JPM.

          He explained how there are routine market manipulations at the time of option expiry, Non-farm payroll data releases, and Comex contract rollover as well as other adhoc events…”

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  4. Anonny

    Ironically, if the number is bad, the market will rally on hopes of QE3

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. mhass33

    QE is politically unfeasible right now. Down down down we go

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Cascadian

    QE will happen, but it won’t be called QE. Just accomodative. I don’t really buy the arguement that if the unemployment number is bad it’s really good for the market. Bad is bad. If it’s +100K new jobs it’s not too bad.

    The “sell in May” mantra has people jittery.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. theedge111

    Your site is infected by VAGRANTS!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. omen

    The sooner we get to another PPT O/S, the sooner we can try another leg of the TNA/FAS trading program…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Dayman

    EVERYONE RELAX

    We are going up tomorrow, in a most significant way.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. Steak

    I remember reading this blog, last year, when WNR hedged their profits away and the stock tanked… for a short period of time. Up to that point I had not bought any shares, due to a friend of mine, a pro trader, who works at a market maker for OTC energy derivatives advising me that “The Fly was going to be crushed.” I ended up going long a couple days after the quarterly numbers came in, at about 12.50 (down from around 17-19). Shortly thereafter, said equity proceeded to continue its tear to the upside. Goldman soon got onboard and valued the company at ~21/share.

    Anyway… shit happens. YELP is still a buy, imo. Without question, Rick Ross will wipe the work from his face (!), and Yelp will continue to rally. In ending this thought, I will pay tribute to the fly and insult the dicks at zerohedge simultaneously; On a long enough timeline, the fly ALWAYS wins.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. pedro

    the updates to IBC look fantastic. love how you continue to innovate like a mofo.

    one thing: i really liked how the news stories were segregated before, in their own section. i realize this runs counter to the “real-time” twitter-like feed you’re going for, but have you considered color-coding so we can quickly sift and recognize blog-posts from news posts?

    i wish i could buy shares of IBC 🙁 you’re on your way, pal.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. FIG

    If you thought today was bad…. Just wait!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. 401ker

    Fly = honest + funny

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. theedge111

    I love it when Fly is in a foul mood. Pure entertainment!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. The Fly

    If your comments mysteriously fail to appear after you post, that’s because you’re fucking banned. Now fuck off and go away, forever.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. DJMarcus

    alj earnings as bad as they look?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. lost quatrains of archadamus
    lost quatrains of archadamus

    if i may be so bold as to offer guidance .

    your clairvoyance is not out of kilter..
    the creator of all experiences has not dis empowered you ….
    surround yourself with 3 purple candles and 3 green candles light them turn off the lights and meditate ..
    this is the offering you are seeking

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • The Fly

      I will do this after I sacrifice a small adult human as an offering to the owl gods.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  18. buylo

    there is still time to do da dee bo!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. DB

    Did we lose the ability to search the site?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. Warren at the Buffet
    Warren at the Buffet

    Senor Tropicana,

    For my two cents, I agree with your thesis on YELP and hope you are rewarded, current setback notwithstanding.

    In the interim, I look forward to watching you “Breitbart” the reprehensible dicksuckers who seem to populate the comment section here. I expect to watch them meet untimely deaths in myriad ways, each more farcical than the last. Alf shall not be alone!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. kelkun

    I’ve been saying for a long time, and I know it’s completely unscientific, but we’re going the fuck higher. Why? Because if we don’t, if we were to actually collapse AGAIN, this game is over. FOREVER. Or at least for generation. Since that cannot happen, we must therefore go higher. Plus, do you really think a President would allow shorts to gallivant around without punishment in an election year? The dude needs people to think he’s awesome.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. pitbull,NFP # in the 90's
    pitbull,NFP # in the 90's

    NFP # in the 90’s …thats the read i got..lets hope it was 190 and my inner hearing wss only demons of ruin !

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. Trading_Nymph

    Auto Makers are building Cars 24/7 so I don’t see NFP falling off a cliff until Auto Sales drop. Remember all NFP’s have huge error rates and subject to huge revisions. IMHO it is a silly report, random phone surveys, etc..but the market follows it. Tomorrow, even with Challenger/ADP its still a coin toss. Yet, as you know, I am betting we are not that bad for QE, and the economy is not doing that good…sort of a Catch 22 for the Ben Put. We will see. Also, did anyone else get the feeling that Draghai was saying its not his job to solve europe mess in his Press Conf today? He really has changed since he got the job, imho, a lot of this could be over the fact that the market doesn’t see cocaine coming out of ECB.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. donker

    yeah FLY, exactly my thoughts on yelp….I am buying more every 3-5% down, either I go under with stoppleman or laugh at all of you when the stock trades around 40!

    FLY, what about SVVC and GSVC?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. JTU

    Yeah but the unemployment rate dropped from 8.2% to 8.1%! That’s something isn’t it?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. Yabollox

    People will be buying facebook, not yelp.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Got me employment number and thus far GDX is responding as hoped….However, i am used to late day fades.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. xxxHuggieBearxxx
    xxxHuggieBearxxx

    This is starting to turn ugry.

    • 0
    • 0
    • 0 Deem this to be "Fake News"