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
23,441 Blog Posts

Bears Lost, Even Though They Won

This was a very strong close, on a day when the bulls should have been routed. I changed my mind and bought some DMND for a squeeze, leaving me with a cash position of 35%.

http://www.youtube.com/watch?v=H4RgFcFRtDo

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21 comments

  1. alvari40

    Fuck Yeah!

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  2. asteroids

    Made my rent for the month today thanks to the Fly.

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  3. milesknowsbest
    milesknowsbest

    Without the fly…we are nothing!

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  4. Bullish

    Market going higher.

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  5. NoBull

    I’m followed in $DMND .. does that mean I’m riding somebody’s trade? Or “riding” somebody’s nuts?!

    Maybe I should keep some stock follows to myself.

    Have a great Friday, Saturday, day or whatever the heck you call it.

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  6. FUCKGOLDMANSACKS
    FUCKGOLDMANSACKS

    Fuck Goldman SACS

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  7. Aaron Ashcraft
    Aaron Ashcraft

    Sold January 2013 $18 DMND puts @$3.10. If stock put to me, I will own at $14.90, a highly unlikely event. If DMND continues to move, should expire worthless.

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  8. Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.
    Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.

    Speaking of beaten down positions, might I suggest $MGM (no Vegas hooker).

    This is not advice for LeFly, but, rather, the Ibc community.

    #FWIW.

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  9. razorsedge

    spent most of today looking at mag wheels for my lawn mower.(poulan ah ah ah) my ocz, clne, wprt have been moving so i can sit and wait, gld is even(for me)

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  10. fake amish

    The 0 looking more and more like Carter. Clueless douche losing the elites. Hard to see market upside here. Who wants it?

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    • Yogi and Boo Boo
      Yogi and Boo Boo

      I’ll take the other side of that trade. What index and close date? The day after election day or inauguration? $SPY, $RUT, $NDX, $COMP, or $SPX?

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  11. republikat

    Add to today’s Bear loss –> the VIX drops….

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    • Yogi and Boo Boo
      Yogi and Boo Boo

      That was the early morning tell. $VIX did not move as the market sold off.

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  12. Mike

    up 25% on Wnr since May….

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    • The Fly

      That’s hard money

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      • Mike

        of course I traded it for my kid in his account!!!!

        Owned it in my account and watched it trade from 16-19..finally broke out..he reaps the benefits!!

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  13. steve

    I think there was a short covering in the last hour or so… It is very likely we will at least test 1325 in the next week or two.

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  14. Whaler31

    I still agree with the Fly’s main thesis, that the Fed money-printers, and the big investment bankers, (especially since they know that they can steal from customer accounts with impunity-just donate a few mil to the big O)

    These are the ones who rule the day, and the week, and the month.

    For the time being.

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  15. Trading_Nymph

    This is what I wrote in my blog/diary mid day “Trading_NymphCollapse

    And of course, as soon as I get a nice sell off the WSJ has to run one of those “rumor pieces about QE”, last months Rumor took 3 days before it ran out of gas…I wish WSJ would stop this. http://online.wsj.com/article/

    Edit
    Reply
    11 hours ago”……yes, I know Zerohedge wrote about it too, but I didn’t read their article until tonight…fwiw.

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  16. Goldie

    That close is what the bears needed to bring the pain next week. We going lower.

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