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
23,445 Blog Posts

A New Era is Born at iBankCoin

The IT staff, spearheaded by the legendary/world famous Vincenzo Illuminati, are busy at work, redeveloping a final redesign of the iBankCoin site. I invite you to check in, regularly, to bear witness to what they have invented. Like trading, it’s important acknowledge when something isn’t working. In this case, the noise of too much content diluted the sageness and “epicness” of the annointed “tabbed blogger” apparatus.

iBankCoin will never go mainstream. You will never see our faces on the teevees, not because we are ugly, but because they are ugly.

I’ve decided to hold a 12% weighting in MRVL into earnings, and not go full retard in the name. Although my information and research is second to none, it goes against everything I believe in to bet on a singular event, like an earnings release. Nevertheless, with $5 in net cash, I have good reason to believe the company has adopted an aggressive share buy back program, which may have boosted earnings for the quarter. I will be a buyer into weakness.

Ten minutes to the bell, I am +2.2% for the day, pressing my annual highs of +25%–confident in my long only stance thanks to the collapse of bonds, evidenced by the pinless hand grenade action in TLT. I am going to leave you with a picture of my time machine. Take it to heart when I say “you have nothing on me.” My sources of information are second to none and my algorithms shit on your faces.

NOTE: This is the ledger inside of The PPT. On 7/24, the Overall Hybrid score was flagged OVERSOLD on a 3 and 6 month time frame. The result has been nothing less than stellar–preserving a flawless track record of 6 instances up zero down, upon triggering this sublime and immensely valuable signal.

http://www.youtube.com/watch?v=yY_3sSzPPKI

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47 comments

  1. Rhino

    Let us ride our steeds into this earnings release!

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  2. sodapopinski

    Good luck with the revamp, Fly

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  3. The Fly

    It looks like I will be buying MRVL on weakness.

    Shitty number. My source has bricks for brains.

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  4. Stan and Greg

    MRVL seems to be sucking dick after hours and so it seems so shall we!

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  5. Jason

    Tough luck Fly. Maybe you will learn a lesson from this and check your massive ego at the door…

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    • Rhino

      Because of one loss? You are an idiot, if you win 7out of 10 times you are beating the shit out of the market. Are you up over 20% for the year? No, head over to Yahoo Finance then!

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    • The Fly

      Learn from this?

      The catalyst was wrong. But the numbers don’t change. The company still has $5 in net cash and adding to it.

      At 12% of assets, I stand to drawdown about 0.65% at the open tomorrow.

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    • moolahheaven

      At least he put it out there for the lower classes to feast on, no wavering, no indecisiveness. More importantly he man’s up to it if he misses. Where’s YOUR call before the fact Jason? Shame on the house of ‘Jason’. – ‘Peoples Tribune’ has spoken.

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      • Clock

        moolahheaven says:
        At least he put it out there for the lower classes to feast on, no wavering, no indecisiveness. More importantly he man’s up to it if he misses.

        @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@

        Yep.

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        • Metalleg

          Since I don’t have a face shitting algo, I did the next best thing.

          I wrote Jason’s name on a piece of paper and tossed it in the urinal. I then proceeded to piss on it.

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    • OldDix

      Going to have to agree with Rhino on this one. I didn’t hear Fly bragging about Deck the last couple of days.

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  6. The Eye-Talian Stallion
    The Eye-Talian Stallion

    Will SOHU hit $80 again?

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  7. trader m

    mrvl not looking so good after hours

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  8. Jason

    Its not the single event Hippo its the “I’m better than you” attitude. A 12% stake in MRVL says he’s not.

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    • Rhino

      LMFAO at “Hippo,” they kill more people than any other animal in Africa, and have no natural predators. I’ll take that title, little squirrel of a man.

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    • The Fly

      So the play is over, isn’t it? Would you like to see me turn this into a winning trade?

      I do not conform to your small minded time frames.

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    • Montrose

      “Its not the single event Hippo its the “I’m better than you” attitude.”

      That’s his schtick. If you don’t like it, you can always visit another website more suited to your personality.

      By the way, it’s it’s, you know, not its.

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  9. Jason

    “Hippos are recognizable by their barrel-shaped torso, enormous mouth and teeth, nearly hairless body, stubby legs and tremendous size.”

    If the shoe fits…

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  10. A-Gamer

    “Like trading, it’s important acknowledge when something isn’t working.”
    Important TO acknowledge?

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  11. no zombie

    The Fly appears to trade as if he is a deity of some kind.

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  12. Rj

    I just got marvelled in my impala

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  13. Bob the Builder

    Hopefully Einhorn (No Finkle) will make some incremental purchases as well.

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  14. TraderCaddy

    First of all MRVL isn’t down all that much (yet).
    Did you see what AMAT did in the AH yesterday with it’s much worse forecast?
    When the market opened this AM AMAT went up 10% before fading a bit.
    Tradebots will do what tradebots will do.

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  15. The Fly

    Some infants on Twitter are quite upset over MRVL. Might I suggest not putting your whole account into options or am I too late?

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    • moolahheaven

      Amen. I bot the MRVL AUG24 13 Call into earnings today and risked a whopping 28 dollars plus commission to take a shot on ‘Fly’s prediction. It didn’t work out I took a tiny loss and I will move on. I appreciate his insight and have benefited from it more than once. Have some GRATITUDE people and don’t whine.
      That said, if you’re a moron who puts everything he owns on an unknown variable like earnings after the bell you have no business trading. Risk management IS part of this game fellow Plebs; if you don’t know that you should play monopoly and leave the real trading to grown ups.

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      • moolahheaven

        Ps. Who knows what that call will trade at tomorrow? Maybe I’ll sell it for an even smaller loss than I expect, but there is a maximum loss here of only $28 plus commissions…

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    • Frog

      Yes, LOL. Too late for the Twits on Twitter.

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  16. Half Blood Pope

    I am right at 25% for this year as well. Let us not discuss the matter of positive or negative.

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  17. TeahouseOnTheTracks

    Moolah …. In case you missed it, here’s my reply:

    August 16, 2012 at 4:34 pm

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  18. Trading_Nymph

    So, Fly my Massive pull back today didn’t happen after the Brent Oil Option X like I expected it would. The Advance-Decline volume difference on the NYSE was so small that on normal days would amount to about a 25 pt on DOW up day and about a flat SPX,yet we didn’t see selling??. I, of course, still live in my dillusional world that this recent rally is not a Clam Rally but a mere short squeeze in Brent causing all of this . So today Brent, with its expiring front-month September contract rallyed late in the session. The News about the Joint Talks that Iran was reporting last night didn’t hit american presses yet..but omg, like a total “don’t mess up Options”, the White House waits until after post-settlement trade to talk about “dusting off” plans for a potential release of strategic oil reserves to dampen rising gasoline prices. So good news on Iran talks and Strategic release is what I am looking at,plus Buzzard Field wll be back Online in the North Seas by Oct…but I guess I am the only one. BTW, For your evil Illuminari IT guy, is he going to fix the forgot password link or is Half Blood Pope right and is just a Illuminai Secret Plan to weed out us delusional ones?

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    • Trading_Nymph

      Oil Sells off, we sell off. Junk Bonds haven’t been in rally mode since Draghi made his statement…only Oil over Hurricanes, N Seas and Isreal/Iran war talk…just seems like a strange Oil Driven Rally on low volume.

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      • Po Pimp

        Remember this:

        Oh and if I would have been able to write a piece, it would be how Oil is going to collapse fast and hard Tomorrow and Friday (unless Isreal declares war, which they won’t).

        Someone spared you a lot of embarrassment by blocking you from the blogs. Or so it would appear.

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    • mad_scientist

      You’re like a meme or something.

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  19. azulgrana

    id like to see jeremy write some kind of algo that quantifies ‘hubris to value’ ratio coming forth from the non-subscribing posters. when you get that sub-1 value, maybe youll shit can them for good. although ‘head on over to Yahoo Finance’ was quite good, i think you meant ‘stocktwits’

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  20. azulgrana

    +1, indeud i should be shitcanned w an abacus

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  21. TraderCaddy

    Speaking of new eras.
    My CD player is going out on my ’99 Honda Accord so I will be getting this record player installed to play my ’45s.
    This weekend I should be cruising I-4 with the sunroof open listening to The Beach Boys or The Dave Clark 5.

    http://youtu.be/o_Zj4i7YYsM

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  22. Sur Platonic Plateau Du Tecnocrats, B.R.A., D.J.D. upon Rookness.

    (Raise of the flags, cavalry and infantry at attention)

    The V.King says “Be The Man”.

    “An unjust peace is better than a just war.” Marcus Tullius Cicero

    “Winning a war is simple,have bigger guns and know when to use them.” V.King

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  23. Avg Down

    Fly to MRVL: “I implore you to go up you small minded fool.”

    MRVL to Fly: “Up yours.”

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    • Stan and Greg

      To Avg Down, come join us, we know a dicksucker when we see one!

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  24. StocksRider

    Trading Nymph, I like how you start your long paragraph with “disillusion” in the beginning and “delusional” towards the end with just couple of punctuation marks in between. Only you can accomplish feats like this.

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    • Youknowitsme

      You actually read that post? Much too long and the first two sentences did not grab my attention.

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