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
23,419 Blog Posts

“A Healthy Pullback”

Who are these people on my television telling me that 30-50% declines in leadership stocks is “healthy”? Do these trolls have souls or are they as ghoulish as my mind imagines them to be?

I “lucked out” today, as FEYE and YELP spun higher into the close. With WDAY and SPLK down nicely, I am sure my losses were somewhat muted in the mid 7 figure range.

Bannings have been banned at iBankCoin, for as long as this market continues lower. Have at it–give me your worst. I look forward to doing single combat with each and every one of you, tracking you down in your little trailer parks, breaking your collared bones into dust.

So we have a bit of a mess on our hands; but at least we got ourselves a fine olde fashioned PPT oversold signal tonight. That must make you feel a bit better about yourselves, no?

ppt

Here are the recent OS signals, attached to a little neat chart of the SPY. Rip it to sheds. I don’t care.

In about 30 minutes, I am heading to the gym. It’s arm and hammer day and I intend to rip my biceps and triceps from my bones, leaving my arms limp and jelly-like.

As we speak, Fed Chairwoman Janet Yellen is preparing herself a nice little glass of warm milk, getting ready for bedtime, which is at 6pm.

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108 comments

  1. kea

    Bannings banned? Alright! You trip or quad down on IFON yet? WTF!?!?

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  2. clegger_2000

    “Tennis Court” cool Lorde tune.

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  3. c u in marseilles
    c u in marseilles

    Dr Fly , kudos for the posts , I hope u bounce back , i would block a lotta fuckers here tbh , limpet slug fuckers FOAD

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  4. matt_bear

    do you have an updated game plan to share?

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  5. ohnoitsthebp

    Been reading your stuff long enough that I misread “trailer parks” as “trailered parks”.

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  6. Rong Xu

    Dear Fly:

    We prevail. Trust in your PPT. I trust in YELP. YELP to 70 tomorrow. Thank you.

    Sincerely,

    Rong Xu

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  7. Honest ABE, nohomo, Medical DOCTOR
    Honest ABE, nohomo, Medical DOCTOR

    DIS THE SONG FOR TODAY PIMPERNELLS:::::

    Dedicated to my boothang Jenn <3 <3

    http://youtu.be/zzi95GztKjY?t=20s

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  8. matt_bear

    I must say, you get major credit for taking the lumps. Back over on tickerforum, you could tell when Karl was underwater on a position big as he would just start randomingly banning people on arbitrary rules he decided on.

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    • matt_bear

      randomly*

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    • The Fly

      I only ban people when I’m making money and they waste my time.

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    • Mister Jinx

      Quite seriously, I regret few things more than finding Tickerforum back in 2008. I was fairly new to the markets back then and more impressionable; in a way that’s embarrassing now, I both missed out on huge gains and suffered big direct capital losses by listening to that permabear asshole.

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    • THEY WILL KNOW ME BY THE TRAIL OF BLOOD
      THEY WILL KNOW ME BY THE TRAIL OF BLOOD

      HAHAHA I was always amazed at the sheer number of idiots that got wrapped up in that forums cult of the bearshitter. They must be wetting themselves silly with the recent market moves.

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  9. The Fly

    ATTENTION TROLLS:

    It appears I lost some money today in the stock exchange. Might you tell me how that happened and what I should do going froward?

    Thanks in advance!

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    • Honest ABE, nohomo, Medical DOCTOR
      Honest ABE, nohomo, Medical DOCTOR

      How it happened:
      Bad fucking picks n u rodes em all down with no money managements

      HOW TO FIX THE PROBS:

      — call schwab and ask for chuck

      — Use only market order so u get fill at ALL prices

      — buy stocks that go down and sell stocks that go down

      — ask urine shadow

      — look at fundamental

      — pay for da good leads with the bow on top

      — poni up for 12631 so chess can show u how to use moving average 20 and bollinger bands in state of the art twitter like chat room aka AOL instant messenger been around since ’93

      — read WSJ, especially all ben stein columns

      — buy gold n teach children mandarin n also buy bitcoin n farm land in uruguay

      — Use expressions like “this stock the fucking heater” and “fucking aced the fuck out of the fucking quarter FUCK” when doing fundamentaz analysis

      — read walter lynch. or peter lynch. nah fuck those guys

      — ask at church what stocks they like, lord’ll have ya back

      — ONLY buy when u feelin it

      — Read on financial times if limeys are feelin it

      — SAY NO TO DRUGS

      — if u can win, lose on purpose, then u win again

      — Coach little league, that way u learn to swing at the ball so to speak

      — Realmoney.com lifetime sub

      — Read BC lund so he teach you how to wasp

      — make screens

      — AskJenny.com

      ——> also try my dating website for urban youths, EveryThugNeedsALady.com free 1 month, I’m CEO ask for me, ++ we have good fincicial planners

      — Make rules — I only buy if ticker has two vowels n company is not foreign sounding n also only 1 consonant

      —–

      THOSE RULES AND MORE will keep u outta the meat locker n make u a millionaire at least once over, maybe three time

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      • The Fly

        Fine advice

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      • metalleg

        Good post, in a humorous sorta way.

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      • VolSeller

        Solid Post. Had a good laugh. Thanks

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      • J Livermore

        If this was an attempt at comedy, I give it an “F”.

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        • ripper

          Honest ABE is god.

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        • Honest ABE, nohomo, Medical DOCTOR
          Honest ABE, nohomo, Medical DOCTOR

          Thks homies, isnt it a shame doe dat these anonymous trolls like this J guy with no accountability only pop up to talk shit on hardwork doe?

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          • j livermore

            Sorry dude, just an honest opinion. Your stuff is not original nor funny. In fact it’s very predictable. Back to the drawing board doe.

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        • snoozemr

          got me to smile for the first time today

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  10. jules

    If GIMO is any indication, I’m selling deep ITM calls on everything.

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    • The Fly

      GIMO is a bit rapish after hours. However, they were never any good to begin with.

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    • Tommy Says

      Look at it for what it is. Not a huge revision but a revision none the less on a growth tech stock with extremely thin volume (intra day) getting hit in thinly traded after hours.

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  11. Jesus

    Was a matter of time till you blew up your account my son. Too in love with dogshit Momo names. Get a job.

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  12. Tilly

    FWIW. Someone bought a bunch of SPLK calls today.

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  13. gatorsun

    I would say more,but its not polite to make fun of the mentally challenged..hope your pilates class will invigorate you

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  14. Bill

    Only FEYE, WDAY, SPLK and YELP? You forgot DATA. Big effing ouch there! I think IBB up today is a good sign.

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  15. Jennifer

    Just so that troll of mine doesn’t post here first, I do actually think the market is done selling off for the next few days. I don’t see a big bounce though. Sideways trading then another whoosh down. RUT will trade down to 1,080 again before bouncing on the back of hopes that the Fed halts tapering.

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  16. OG

    I can see why you haven’t banned the trolls. Some are quite amusing.

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  17. it is showtime

    Dow 20,000, is, OUT

    Whoever was… Bullish and said…
    Dow 20000 “Bears have no choice”

    Nice arrogance!

    (at least we were mentioned by name)
    (that always feels nice)

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  18. Jesus

    Joke is on you killer. Stock market excellence seemed to take it in the ass as soon as 85 billion a month ended. Hold onto the pets.com 4some you got going. Like watching Mike tyson at a strip club just giving it all away. ..bless you

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  19. Jesus

    Do you know why. Bc it went to zero. The fact that you didn’t understand the symbolism worries me even more. Off to confession

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    • The Fly

      WOW, Pets.com went to zero. No way. I was ready to buy some on your advice.

      Pray tell me, Jesus, what stocks that I own are like Pets.com? Maybe I should buy more.

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    • The Fly

      One more thing God, umm Jesus, what should I sell short now? Please don’t tell me FEYE. For the love of you, please don’t say it is the next pets.com.

      Amen

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  20. Doughstream

    I once pulled my back in a healthy way. Hurt like shit, had to walk like a crab for a few days. It healed.

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  21. dyer440

    So is Le Fly the best contra-indicator around right now… Fly, please do not be the next Doug Kass!!

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    • The Fly

      I am THE BEST “contra-indicator” indeed. Right now I am still long, so you should be short. I will appraise you of my situation should anything change.

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    • Tommy Says

      dennis gartman says he doesn’t like stocks… that makes me like stocks.

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  22. Bruno

    I think you Mr. Fly are hiding something, like being 50% cash, or heavily hedged somehow. You are being too easygoing, too olde sport, a true gentleman playing violin as the boat sinks.
    That, or you are in some state of denial.
    IFON is a piece of shit.. come on.
    WDAY and SPLK are solid, growing business, and will recover eventually, at least partially.

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    • The Fly

      Just punch drunk is all.

      You can either laugh or cry. I choose the former.

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      • Jennifer

        Are you still holding SB? Only the “finest gentlemen” own shipping stocks right?

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  23. unclehar

    Wine, Brandt, Kimble, Parets. Supply and demand. Cheers.

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  24. The Plumber's Crack
    The Plumber's Crack

    Fly, I can’t wait till you’re banking coin again and get back to your old banning ways.
    The mindless trolls who come to comment on your losses remind me of maggots in the trash can on a hot summer’s day.

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  25. Jesus

    You invest in dogshit. Eventually that thesis runs it’s course. Take your hit and read the purpose driven life. And as always the offering basket is your friend.

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    • The Fly

      That’s too general, God. To simply say “child, thou shall not invest in dogshit” does me no good.

      Since you are the one offering advice, showing me the err in my ways, great errors that I was unaware of before you came and blessed me with your wisdom, I HUMBLY beg of you to tell me what you would do with money right now??

      What should I sell short? Or, what should I buy?

      Whatever you say, I will follow, because I BELIEVE IN YOU!!!

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    • Doughstream

      You didn’t write it, so I can say this: awful book.

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  26. Jesus

    Why buy or sell when on tilt my child. What you need is a vacation. Not a stock tip.

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    • The Fly

      That’s like me saying to you “why create the earth in 6 days when you could just chillax in outer space?”

      Since you are kind enough to care for me, by offering advice, the least you could do is tell me what Jesus is holding right now.

      If you refuse this minor request, you are not nearly as kind as I was led to believe, by al of those priests when I was an altar boy way back then (no, I wasn’t sexually attacked by any of them).

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  27. Jesus

    It’s just money at the end of the day. We come into this world with nothing and you can’t take it with you when you leave. That should ease the sting.

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    • The Fly

      I see.

      So it’s just a philosophy lesson for me. I can accept that. I didn’t actually think Jesus invested in stocks anyway.

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  28. Jesus

    I currently have no holding. God’s honest truth. Moses told me the market is rigged.

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  29. Doughstream

    Fly having a conversation with Jesus. Almost seems like praying.

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  30. unclehar

    Yea, “Healthy Pullback” is absurd. Folks have been speculating and it reached saturation.

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  31. Mr.Partridge

    Surprised dip buyers fell on their face today, but expect turn around Tuesday tomorrow, not that I will trade it.

    Stay safe,
    Mr.P

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  32. doubleplus

    Thinking about putting on a TZA position tomorrow – if so, you’ll get your momo rally. I’m like kryptonite to TZA.

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  33. No One

    Blame HFT.

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  34. gorby

    Remember when you told you lovely
    wife that making money was way too
    easy,That was the top.Now go and
    and say your sorry and fix this curse
    you set upon us.

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  35. Larry

    How much you want to bet we get a little “flash crash” to use as a scapegoat? Why the hell else are all these anti-HFT articles surfacing now?

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  36. I Am Jesse Livermore
    I Am Jesse Livermore

    Check out the retail investor index from TD Ameritrade. Joe Sixpack has been piling in to this market. I suspect a fairly large correction (10-15%?) is in order to shake out the weak hands.

    https://imx.tdameritrade.com/IMX/index.jsp

    @The_BoyPlunger

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  37. xxxhuggiebearxxx
    xxxhuggiebearxxx

    These stocks are cooked. They are not going anywhere near back where they were.

    There may be a decent bounce soon….maybe 15%-20%…..i’d exit on that.

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  38. No One

    In a rigged market anything is possible.

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  39. Danny1980

    The banter on this board is second to none. Not for nothing Honest Abe is a funny motherfucker! If you fail in the stock market Fly you and him have a future in stand up comedy

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  40. alf44

    .
    … whatever losses “Fly” is suffering with his stock positions … appears to be “somewhat” made up for with the increased posting activity here lately !

    What kind of … per/post … per/click revenue is generated on a web site like this ?

    Anybody know ?
    .

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  41. alf44

    .
    … that can’t be correct !

    SERIOUSLY ?

    I have NO IDEA !!!
    .

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    • j livermore

      Blogging doesn’t pay shit. Most guys who do it, are doing it just to stay engaged with their trading and the market while warding off over-trading.

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      • alf44

        .
        … Hmmm …

        So, care to venture a guess about a per/day “rake” that “The iBank House” takes in ???

        .

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        • THEY WILL KNOW ME BY THE TRAIL OF BLOOD
          THEY WILL KNOW ME BY THE TRAIL OF BLOOD

          Your use of punctuation marks cracks me up

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          • alf44

            .
            … I have a real fondness for them !

            I am especially fond of the “exclamation point” !!!

            .

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  42. Mr.Partridge

    Being here for years, it is pretty amazing number of psychos coming out of the shadows in times like this.

    This too shall pass my dear Dr.

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  43. Steak

    Comments in here become exponentially more entertaining, albeit retarded, when The Fly is not winning. I’ve read this blog consistently, multiple times per day, for years now. These days, I actually genuinely feel bad when the guys on IBC suffer a drawdown. I can’t stand the clowns heckling via the comments section. Most have no idea how stressful the profession is. I remember, in the summer of 2011, my co-worker receiving a message from a friend of his two floors down: a PM (that’s slang for “Portfolio Manager”, for you non finance types) had a heart attack as equities knifed lower, and keeled over dead at his desk.

    The one thing that the readership never seems to grasp is the difficulty of managing the type of positions The Fly holds. That is, positions of real size. What most don’t realize is that selling millions in obscure equity is not easily executed. This fact adds to trading a psychological hurdle that most of you will never experience. I have all the respect in the world for the fundies like The Fly; it takes balls of [valyrian] steel to own size in these volatile names.

    To wrap up a long winded comment, everyone talking shit in the comments section… go fuck yourselves. Your positions held by Scottrade are of no importance.

    Best,

    -Guy who’s losing money

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  44. Steak

    I’m somewhat convinced that all this is Alf44’s fault.

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  45. Dr Fly

    As revenues are a joke. They barely cover server expenses.

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    • alf44

      .
      … silly me !

      I was thinking those obnoxious “Resolve Spot Remover” Flash video ads were real “money makers” !

      Not to mention just the “clicks” !

      I seem to do alot of “page refreshes/day !
      .

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      • The Fly

        I’d need 10,000 years of ad revenue to make up for the amount of money I’ve lost over the past month.

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        • alf44

          .
          … I will try to DOUBLE my page refreshes and clicks !!!

          WHAT THA HELL … I might even click on a few of those “Resolve Spot Remover” ads !!!

          😉
          .

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          • The Fly

            We don’t make money on page impressions, just clicks

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          • alf44

            .
            … I guess it’s the “conspiracy theorist” in me …

            … sometimes (not often) I have this “hallucination” that You, chess, RC, Jeremy, etc … are ALL maniacally creating ALL of these new posters … ALL of these new IDs … creating this recent posting frenzy and talking amongst “yourselves” !

            NAH !!!

            That would NEVER happen !!!

            Please tell me that has NEVER happened !!!

            .

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  46. Cascadian

    When are you gonna fight that gator dude? If you make a live video feed available on the PPT you could probably sell a more memberships.

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    • alf44

      .
      … I think Ragin’ Cajun should host a …

      Fly vs gatorsun

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      • alf44

        … Crawfish Eatin’ Contest at the Superdome in New Orleans !!!
        .

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  47. TheHarper

    I have a two inch weiner

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  48. TheHarper

    Nope! 🙂

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  49. alf44

    .
    … BTW…

    UCONN Up by 7 (33 to 26) over Kentucky …
    ~ 2 mins left 1st Half

    .

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  50. {aruba|aruba weather|

    Hello, i think that i saw you visited my site so i came to go back the choose?.I am trying to find issues to improve my site!I guess its ok to make use of a few of your ideas!!

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