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
23,470 Blog Posts

Heading Back to My Cave

I’m not a bear. I only act like one.

Some celestial being is playing a sick joke on “The Fly,” offering winship in BALT, only to snatch it away (extra old lady with purse) with hideous losses in ALJ.

Why do thou curse me? Art thou shameful of thy actions, purveyor of catamites?

I know the stocks that I want to own; but they’re not in play now–so I might as well pack my things and hit the road.

My only happiness derives from the fact that BALT reports earnings next week. I feel they might surprise some people as to the true condition of their business. The BDI has bounced for two consecutive days and the sector has responded, immediately. If indeed we get a continuation of a rising BDI next week, expect huge gaps to the upside.

Other than that, I am disgusted by the predicament I’ve placed myself in. With cash, I am now able to remedy my ailments; but it will take time.

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11 comments

  1. FABIO GETS GOOSED!!!
    FABIO GETS GOOSED!!!

    “With cash, I am now able to remedy my ailments”

    Cash level is still 5%, or are you lightening up more? Tape seems to be getting sloppier, save for the Pitney Bowes of the world.

    Still with NSTG?

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  2. lkubin

    Don’t head to the cave, sounds like you need after hours with Option Addict.

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    • FABIO GETS GOOSED!!!
      FABIO GETS GOOSED!!!

      That sounds like an offer of financial advice. Careful.

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  3. og

    I’m just straight up gambling into the end of the year. Buying NQ and shit. Somebody needs to stop me.

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    • flyaway17

      Hopefully, your risk management style will stop you. Now is the time to be careful and to protect what you have rightfully earned as the market makers will have no problem taking it from you.

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  4. matt_bear

    what cartoon is that pic from????

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  5. tradingnymph

    Chinese Rebar Popped yesterday after better HSBC FINAL PMI data vs earlier FLASH data, plus the Official China Govt PMI was better. So Capes being up would be expected, Pana’s didn’t follow though? China’s Seasonal Construction Period is winding down, Snow will be coming soon to China which decrease the demand for Met Coal and Ore (thermal gets a pop). Anyway, unless we get some NEW stimulus from the China BIG Meeting coming up on the 9th? I believe, we won’t see much action out of the BDI. But I am a Bear..not an act, lol. BTW SPX at 261% retrace and above a VERY old decades long GANN line is so TOPPED out above 1756ish…only air left. Stupid Bubble.

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  6. UncleBuccs

    Brother Fly, maybe you could glean a few prayer tips from Robert Duvall… Lol! http://www.youtube.com/watch?v=q5v5DOEF45E

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