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
23,432 Blog Posts

MAN THE CATAPULTS

We’re gonna raid the bears’ citadel tomorrow and pillage them, cut their heads off and make soup from their brains. It’s horror show trading for short sellers, no way out of the world’s dumbest companies in existence. They had the ball rolling downhill early, only to have their balls slices off late in the trading day.

I am buying housing related stocks on any dips. I started a new position in RH today, to offset Mrs. Fly’s spending sprees there. Just know and understand, the market is going higher and there is nothing you or your stupid friends can do about it.

Although I shed 0.4% today, “The Fly” is more powerful than ever, working diligently in his laboratory (you call it office), concocting new plans to separate himself from his newly minted neighbors. Spring renovation season nears and “The Fly” intends to have the jackhammers echo throughout the neighborhood, vexing everyone who has ears.

One more thing, I am looking forward to a decline in Japanese stocks. Let the goat-faced sellers denigrate the shares of HMC and SNE. We will snap them up and break their horns off.

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18 comments

  1. Rhino

    Skirts are the new grills.

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  2. flyaway18

    DECK, HLSS = WINNING
    and for those of you watching RIG pullback, look to add.
    I also picked up some ELLI yesterday too.

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    • Mr. Partridge

      Thanks for the DECK partner…. my little M and TJX picks are not far behind… look I can pick clothing stocks like a … woman lol

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  3. JTU

    OK this might be a dimb question but can someone explain to me why in AH trading you get someone either buying or selling at prices way higher or lower than the market close on no news?
    Example: WNC closed today at $9.77 and in AH someone bought 11,500 shares at $10.11!
    That’s 3.5% higher!
    Why would someone do that on no news?
    Would they just put in an open bid and end up paying too much?

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    • JTU

      Dumb, duh…

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    • jimmy_two_times

      looks to me like someone placed a mkt order on the close.

      probably wanted to complete a fill

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      • TraderCaddy

        Could be if it was immediately after 4:00 (filling an MOC order) but as far as I know only Limit Orders (you wouldn’t want a market order anyway- an invitation to screw you) are accepted in the AH.

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    • Narwahl

      Market makers squaring up.

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  4. Doughstream

    Cow brain soup goes well with grilled horse.

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  5. Bullish

    Digging a pool at the new manor?

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  6. Mr. Partridge

    I have nailed my DGAZ trade to the wall today .. in the voice of Dr.Fly – my beta is bigger than yours….
    Happy trading and remember:
    It’s a bull market, you know.

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    • Mr. Partridge

      TCK getting there… ready to enter soon

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      • TraderCaddy

        Nice.
        I saw the UGAZ volume was 3X (no pun intended) normal.
        You still trading DUST?
        There was some life in NUGT mid am and then a fall back by early PM (I scalped GDX and SLW).

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        • Mr. Partridge

          I was about to buy DUST today but got distracted by me day job lol I am still long some PMs .. just reduced recently, but frankly there are more interesting sectors these days than gold miners… by the way I am still long both PPLM and PLTM – my main metal at the moment.

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  7. Jakegint

    “Fire a volley of arrows…”

    “But sire, we’ll hit our troops!”

    (peevish, now)

    “Yes, Yes! But we’ll hit some of theirs too!”

    ______________

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  8. samiam

    I don’t know man. When the market makes these wild swings at the highs, usually signals a top, at least short term. Of course we can make new highs but I would use that as an opportunity to reduce my exposure. We could be down a few percent before marching to the old 2007 highs. Which would present another excellent opportunity to buy.

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