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
23,431 Blog Posts

The Fate of the Market Rests with AAPL

Intra-day, the market is in danger of giving it all back and diving lower, typical of recent trading action. Europe enjoyed a grande old day and we’re on the verge of getting “ghetto jabbed” in the fucking face with a knife.

FB has certainly poisoned the well and now AAPL is about to go negative, after being up 10.

Couple that with the fact that a once booming coal industry is about to go belly up, with the direct help of the Obama administration and the EPA; America stands to lose a lot of jobs if that happens. I will be discussing “the oil man” Obama later on, and how he has managed to destroy every form of energy but oil in 3 fucking years of idiocy.

I am not retreating from my “BIGGEST FUCKING RALLY OF YOUR PATHETIC LIVES” call. However, I am worried about the tea leaves, at least on an intra-day basis. Either way, this bitch needs to giddy up now and quit dicking around. On the bright side, financials are strong and the FAZmobile is getting hit with anvils, with only a windshield wiper as protection.

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34 comments

  1. vegastrader

    $AAPL been fading all day long taking out dip buyers. Having hard time seeing a rally starting. But I will keep an open mind. Would like to load up on $AAPL under 515 or lower.

    If no nuclear power and no coal we will end up with energy shortage and be dependent on expensive oil. Solar, wind and Natural gas is not ready to take over. Not good.

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  2. Berniecornfeld
    Berniecornfeld

    I eagerly await the “BIGGEST FUCKING RALLY OF YOUR PATHETIC LIVES”

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  3. Rhino

    Everyone is out at lunch not paying attention. Give it a few minutes, after they have their lunchtime martini’s there should be some buying.

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  4. Multatuli

    This is just a Bear Market Rally… The market is just working off some oversold positions on low volume….

    It will be time time to short Apple again soon….

    Probably on bad Greece news tomorrow…

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    • TraderRick

      Agree. Big money is in dristribution, taking advantage of the ostrich rally to unload their longs.

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  5. Anton

    Interesting analysis of the Greek EZ exit from an unlikely source:
    http://ti.me/KIEv0X

    Also, not a bad take on the facefuck ipo:
    http://ti.me/KiuOo1

    Not written with iBC flair, but much better than I would ever have expected from the old school press.

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  6. TraderRick

    Time to buy a big ass FAZ-mobile, I plan to play Death Race 2012 and run over some Banksters.

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    • TraderRick

      Also picked up some Euro-Grenades (EUO) for good measure.

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      • Donkey Punch

        With EURUSD at 1.2681? IE – matching 2 year lows and threatening to double bottom your face off?

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  7. smerdyakov

    Any thoughts on the Euro summit tomorrow? My assumption is that it’s going to be a WW1 style shitshow with a semi-public failure to agree on anything driving europe lower. Like, my SPY puts are saying that and I attacked a bunch of shipping and internet stocks, so I’ve got quite a bit of skin in the game. If there’s good reason for rally after tomorrow I’ll leave my cave and switch sides, but I kinda hope you’re wrong at least for this week.

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  8. greg

    Well if your not backing off then don’t write about you being worried. Believe in your call and own it.

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  9. frankie gamwell
    frankie gamwell

    If it goes straight up, it’s gonna come straight back down.

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  10. GR8Trade

    This YELP trade could be the first real “boner” from Messrs. Fly since I began following IBC. The VXX was an “almost”.

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  11. greg

    Looks like AAPL is going to 558,559 area or possibly lower.

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  12. Frog

    The oil man Bush, followed by the oil man Obama, followed by either Obama again or else the oil man Romney. Oil industry can contribute enough to campaigns that they own every candidate. So we are stuck depending on foreign oil at increasing prices. Now that PACs don’t have to reveal the sources of their donations, their donations could be mostly from Saudi Arabia or Iran, for all we know.

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  13. TraderRick

    Rummor; Greek exit Tomorrow!

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  14. Toronto Trader
    Toronto Trader

    It is time to buy the DOW and a few Dow Stocks

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  15. The Eye-Talian Stallion
    The Eye-Talian Stallion

    Not AAPL but AZO. Watch the holders hunt down the shorts and murder them. If they run out of bullets, run, the market is toast.

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  16. TraderRick

    Let’s see if SPX 1314 holds, if not, bombs away.

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  17. dave

    Companies like WLT export most of their metalurgical grade coal to other countries like Brazil. There is no reason they should be getting hammered with the domestic use coal powered energy producers.

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  18. TraderRick

    Battle at SPX 1314, I’m throwing Euro-Grenades

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  19. razorsedge

    “Get ready for the biggest rally of your pathetic lives” I was hoping you knew something!

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  20. Berniecornfeld
    Berniecornfeld

    I now demmand the “BIGGEST FUCKING RALLY OF YOUR PATHETIC LIVES”

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  21. TraderRick

    In the words of the great President Camacho “Shit’s Fucked”.

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  22. Omeizer

    methinks we should all “Run to the Hills”….

    http://www.youtube.com/watch?v=6xR4TZsZOPU

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  23. Bobby Boucher

    Turnaround Tuesday strikes again!

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  24. mariofats

    Fly took it in the rump again…

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  25. mariofats

    I’m just kiddin. I love reading your posts to be honest, makes my day, very entertaining to say the least.

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  26. Bobby Boucher

    Bought more UCO shares before the close. $WTIC stochastics in single digits for the sixth straight day. The last such occurance was 7/14/09 when $WTIC closed at $59.52. 5 weeks later $WTIC rallied 25% to close at $74.37 on 8/24/09.

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  27. the boost

    whos the fucker that wiped that smile off the flys face ?

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  28. the boost

    let me make sure you understand my position…i have a 1/2 position in FAZ got it right before this down turn …now as the market drops another stock i watch and will use as a hedge for protection when i think the market might make an upturn is FAS…when i think it has reached a low that fits well into my ratio or when i know that the bulls really dont want to take a chance on the weekend friday was good for me to buy FAS.

    as faz was making me money along came a friday and i wasnt sure what would happen just like the bulls so i hedged myself .

    how you may ask, for every 2 FAZ stocks i own i bought 1 FAS..now this market rally you planned for my doom has been shut down and im protected ..in fact gentlem the harder you try to squueze me out the more i like it …

    if you take a look at the 2 stocks you will see that FAS goes slightly higher in % and as you drop bombs on me to get me out FAS goes higher for me …so if it went to a hundo thats fine in fact i would be surprised if you could do that.. but heres my point so listen carefully ….when FAS hits a level that i think it cant sustain i will release it…when that happens i become all seeing since i own FAZ and will ride that fucker up adding along the way ..
    in closing im unfuckable and all seeing

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    • the boost

      as an aside it could also be thought of as protection for a FAS position.. only you would have to buy just a little more FAZ to protect yourself..
      so be carefull on both sides wouldnt want you to lose your last winsheild wiper ..heh heh…

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