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

FuckFaced

When MRVL was down 50 cents, I laughed at it. When it went down 1 dollar, I got mad, but felt the loss was small. When it went down $1.25, I got annoyed. When it went down $1.50, I was like “what the fuck is going on here?” With it down nearly $2, I want to skin the person who gave this to me alive and eat his liver. I don’t blame anyone for being pissed at MRVL. This is an unmitigated catastrophe. With $5 in net cash, it looks like the market is going to put that cash to the test.

In a market that is going higher, on a perpetual basis, there is nothing dumber than gambling on an earnings play, without an edge. The problem here, folks, I thought I had an edge, when in fact is was a ticking time bomb about to blow up in my face.

My options are simple: sell and move on or buy more.

Here’s the thing, I don’t want to buy more of this cocksucker. The idea of averaging down in this albatross is making me physically sick. On top of that, this fucking VHC is fucking itself and EXK is on siesta. The net result: I am down about 2.25% for the day. It may not sound like much, but on a day when I should be +0.5%, being down is fucking hateful to me.

I’ve been fuckfaced. However, don’t think for a second you can come here, with your stupid ties and ugly shoes, and pile on–as if I was some sort of garden clown in a box filled with water. I will murder you today, virtually and also in real life.

PREPARE FOR MY NEXT “BIG BET” (fucking asshole I am).

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30 comments

  1. kneelb4me

    i love reading your blogs, they’re so entertaining.

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  2. chivo

    i thought this post was going to be about zuckerberg admitting how fb employees and stock holders are all fuckfaced

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  3. The Pirate Trader
    The Pirate Trader

    Take solace in $TEA.

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  4. Gnome

    They will be in the iPhone 5. All hope is not lost.

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  5. The Eye-Talian Stallion
    The Eye-Talian Stallion

    I know several sites where the host conveniently posts his returns AFTER his last terrible trade. This is all done in the interest of seducing the noob sub into believing that the guy is a stud investor when in fact is just a liar.
    The Fly has always been honest, remember that.

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  6. BxCapricorn

    Been a while. Buying TZA at these levels. Great run but the fun is over, according to my signals. What does the PPT say?

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  7. Nef Rap

    SELL MRVL NOW FLY!

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  8. Nef Rap

    Go back to RAX

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  9. OG

    Need to whip VHC in th ass.

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  10. Obummer gonna win
    Obummer gonna win

    Your RNF was quite a pick. You called $36, and it looks like it’s going to reach that AND MORE within a month!

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  11. dominator

    no biggie Sir Fly. Don’t beat yourself up.

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  12. vking

    Stop wondering what they’re saying over in The V.Kingdom…check it out for yourself…
    http://ibankcoin.com/vking/2012/08/17/this-post-will-be-the-most-viewed-ever/

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    • The Fly

      now you are pushing it

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    • ruggyup

      V- that was a timely and thoughtful rendition of a thought process, something sadly lacking in the entire rest of today’s blog. Perhaps getting the hogs out of the river will clean up the water.

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  13. jimmy_two_times

    I feel your pain Fly. was in VHC in size and it raped me of all the hard work done .. pretty much bottom ticked it to boot. Didnt have the guts to add at the low levels on VHC. Now sitting back head is getting clear after licking the wounds.

    BTW a certain “financial commentator” should be hung out to dry for his shit reporting on VHC.

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  14. Tobias Lowenfeld
    Tobias Lowenfeld

    Be prepared to get FF by
    D-M-N-D

    Tic Toc…

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  15. runs-with-scissors
    runs-with-scissors

    “as if I was some sort of garden clown in a box filled with water”

    No way, Fly- I’ve always thought of you as a “Dirty Harry” billboard from the 70’s. (not implying Le Fly is behind the times!)

    Have I made your day?

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  16. W.K.L.

    mean talkin: http://www.youtube.com/watch?v=CogtZ4EUwww
    ..fuck you all. your crap-ass market has no fucking value when valuable companies get fucked, and fucking wicked idiot companies illusions ‘win’. your win’s a loss in disguise, soon as you can fucking see and comprehend the writings on the freaking walls. Have a nice death, I mean day.

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  17. Trading_Nymph

    What is more fustrating then MRVL is Oil. We have both the USA and UK talking about Strat Reserves, A HUGE bubble with every hedgefund in the world going long on thoughts of Isreal War/QE/North Seas/Iran, Demand failing again on month API report, Aussie etc weaker…Brent down…but WTI still holding up, all I can hear is Po Pimp laughing.

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  18. W.K.L.

    i dunno. maybe marvel’s crap, I have no way to tell, I don’t know them, all i know is crap, anti-human companies have been the only winners for so long, time out of mind, and that’s just wrong.

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  19. phytobedo

    The Fly is an honorable man.

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  20. moolahheaven

    The ‘People’s Tribune’ Moolahheaven announces that I bought MRVL common friday morning, but hedged it with Sep 10 cvd calls. I think all Plebs who wish to whine and complain should face the Pretorian Guard. That is all…

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