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

IT WAS A NICE RUN!

What a rally, from 10am until 12pm. I mean, seriously, it was very cool and awesome.

But it’s all over now and the margin clerks are here, liquidating into the bell, punching people in the face with brassed knuckles. I’d like to be wrong here, but the inevitability of a runaway market to the downside is all but a foregone conclusion.

Always remember the good times, but never forget to embrace the horror.

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94 comments

  1. xxxHuggieBearxxx
    xxxHuggieBearxxx

    You are correct…..numbers out of China later, people are terrified

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    • TheHarper

      you underestimate the power of a planned economy, and those in the upper echelons of “The Party”

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    • TheNose

      People don’t give a sht about China at the moment. This isn’t an economic issue. Rather it is just forced HF liquidations which seem to be over for now.

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  2. Noni Kavuri

    Fly, you going lighten your current positions or you just going to ride them out until the Nasdaq reverses?

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    • Jennifer

      brah u straight dehydrated

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      • Honest ABE, nohomo, RATCHET POET
        Honest ABE, nohomo, RATCHET POET

        To imbibe until one is full-sated,
        is best until selling’s abated,
        IT stocks are low, the whole sector does blow,
        Fly’s portfolio has been conflagrated.

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    • Jeremy

      Little noni, do you not read? Hes been holding and/or buying more. But this isn’t normal. nevermind…

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      • Noni Kavuri

        I haven’t been following the conversations that closely today. I’m average in on Yelp at $65.87. I think it’s a fantastic company which has a great balance sheet. a 37% decline from it’s March 4 closing high of $98.04 is completely ridiculous and irrational.

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        • Jeremy

          Hard to say Noni, but it was below 20 last year. its a good company, but if the market decides to not have as optimistic valuations on the hyper growth momo names, then nothing will be spared. good luck. whoops, i think your question was meant for the fly, but you know his answer…

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          • Noni Kavuri

            I think this is just a correction going on with the Nasdaq, which is what I think the Fly thinks as well. it’s currently off ~8.5% from it’s 3/5 closing of 4,357.97. I think it’s close to bottoming. Needs some good earnings from these high growth companies. Also, from a Macro point of view, we’re obviously in a bull market, but I think we are in a secular bull market. so much wealth was wiped out from the 10/07-3/09 bear market, that this recovery is still mending that, and will continue to do so.

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          • Jeremy

            no one knows. just manage your risk, that is all we can do.

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  3. OG

    I think I have heartburn…

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  4. Pumking

    Fly, did you mean to say “very kool”?

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  5. Monte Burns

    Baked beaned teeth.

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  6. Trading_Nymph

    The “Most Important Hour of Trading”,,

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  7. TheHarper

    Danny Devito as the Penguin in Batman Returns.

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  8. Jennifer

    Fly, FYI U BASICALLY TOP TICKED FEYE ON YOUR PURCHASE TODAY

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    • Jeremy

      so what? you have never top ticked anything?

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      • beachwear

        JEREMY, time to get off the computer your gets off from her job at the gas station at three o’clock. You know how pissed she gets when comes home and you are still in bed on the computer.

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      • unclehar

        touche

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      • Jennifer

        NO HAVE YOU?? FLY DOES IT ALL THE TIME THO

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        • The Fly

          So you have never bought a stock at the daily high!? Hahahaha

          You have never traded then . Piker

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          • Top Tick

            can you give us a heads up next time you buy so we can get short, thanks!

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  9. xxxHuggieBearxxx
    xxxHuggieBearxxx

    We close red.

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  10. xxxHuggieBearxxx
    xxxHuggieBearxxx

    I’m sorry fly.

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  11. unclehar

    Embrace the Fucking Horror, Feb 8, 2008. Krull on iBankcoin.

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  12. Bad moon rising

    Told you it would end in tears.

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    • Honest ABE, nohomo, RATCHET POET
      Honest ABE, nohomo, RATCHET POET

      The Tears for Fears proclamation,
      To “rule the world”– such elation,
      It cannot be said, the feeling of dread,
      That Fly fears for his coming ablation.

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  13. Badduck

    SHORT IT ALL TO ZERO BAHAHAHAHAH

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  14. Jennifer

    FLY, U TOP TICKED FEYE WITH YOUR PURCHASE TODAY

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  15. Gimme mo

    I need whiskey and lap dance from Jenny, you get frisky girl on the down low? Uh-huh you know how daddy likes it.

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  16. The Fly

    I didn’t buy feye for a day trade you whore

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    • Sean

      What is your average cost for FEYE now ?
      Thanks.

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      • The Fly

        Sean

        Why do you want to know?

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        • Jennifer

          TO KNOW HOW MUCH YOU ARE DOWN, U KEEP BUYING IT AND IT KEEPS GOING LOWER

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          • The Fly

            This is not my first go at the rodeo. I know what I am doing. I don’t expect you to understand

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          • Jeremy

            he wants to know so he can feel better about his losing position and tell his dad “see, even the fly owns it and at a higher price than me”

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          • ripper

            it does not matter where you buy stocks. one day FEYE will rip

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          • The Fly

            And what is your deep concern for my actions anyway? This is hilarious troll shit.

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    • Honest ABE, nohomo, RATCHET POET
      Honest ABE, nohomo, RATCHET POET

      Fly’s skills most dear are lacking,
      mostly in part due to slacking,
      the future is grim, he knows from within,
      only a miracle shall cease the shellacking.

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  17. Badduck

    Easter week stat. Buying Monday before in last 15 yrs has been a winner 14 times.

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  18. Trader Rick

    Large amounts of cocaine have been dumped on the MOMO stocks

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  19. bart smith

    You should change the name to IBANKWOMEN. You may have more luck in that business rather than stock selection.

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    • Jennifer

      unlikely

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    • Honest ABE, nohomo, RATCHET POET
      Honest ABE, nohomo, RATCHET POET

      In youth, young girls are a passage,
      with age, older women have baggage,
      Though intentions are earnest, their knobs they will burnish,
      As most men must simply just scavenge

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      • Honest ABE, nohomo, RATCHET POET
        Honest ABE, nohomo, RATCHET POET

        Fly married young for a reason,
        Either accident or one choice appeasin’
        For Chess to get laid would frost everglades,
        and as we know hell hath only one season.

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      • jules

        Dis tha one

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  20. Monte Burns

    http://goo.gl/J91bPo

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  21. matt_bear

    watching people’s behavior in this down market action has truly convinced me that killing people for survival is going to happen when we collapse. Words on a screen now…can only imagine when these same vagrants are hungry with no supplies and on the rampage trying to break in my house for food.

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    • Honest ABE, nohomo, RATCHET POET
      Honest ABE, nohomo, RATCHET POET

      Though the cunning of vagrants may vary,
      the depths of man’s will you will parry,
      To assume you will win, may cause you chagrin,
      as the despair of bleak darkness is scary.

      Your hoary narratives aside,
      I hope you won’t think I’m too snide,
      That to say that armed bandits would fail t’plan gambits,
      Is a mistake that they won’t abide.

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  22. Top Tick

    fly, what is ur average cost basis on Feye?

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  23. J

    Top Tick…who gives a f***

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  24. negrodamus

    This forum is a cesspool of misinformation run by pure degenerative sleaze

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    • J

      Yes and you can usually tell the sleaze by the user name they select.

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  25. J Livermore

    We gap higher in the morning FLY.

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    • Top Tick

      and then u all buy and we go lower

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      • J Livermore

        Sorry, I bought on the lows today when I saw it couldn’t break Friday’s low. Dream on you piker.

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        • Top Tick

          im sure u bought at the lows u leech….just like the fly didnt buy at the highs….lmao

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          • J Livermore

            Given your comments, one can only assume you are short the market. Sleep tight little bitch.

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    • J Livermore

      -Poor high on Friday’s and today’s ES profile.
      -Repair of Thursday’s ES profile is immenent.
      -Strong market internals subsequent to quick flush which ended at 3:10pm.
      -Friday’s low held support with nice rejection off lows today.

      It is written, it is done.

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      • Top Tick

        dang u sound parched

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        • J Livermore

          Yes, I’m parched. Dehydrated actually from blowing so many loads in your mothers mouth after smashing her tonsils and vocal chords for hours on end.

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          • Honest ABE, nohomo, RATCHET POET
            Honest ABE, nohomo, RATCHET POET

            Your manner of insult is tired,
            If jokes were the game you’d be fired,
            My guess is you’re single, if so you should mingle,
            My belief is for men you’re inspired.

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          • J Livermore

            God, I pray the author of this lame poem is not only short the market, but contracts a severe case of crabs within the genital region leading to severe infection due to uncontrolled scratching of said crabs. Amen.

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          • Honest ABE, nohomo, RATCHET POET
            Honest ABE, nohomo, RATCHET POET

            Young man you should heed my directive,
            you’ve lost with your low-brow invective,
            If respect you desire then it pays to acquire,
            An ounce of a trait called “perspective”

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          • J Livermore

            Plagiarism.

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          • jules

            Abe with the pen game tho.

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          • Top Tick

            haha livermore is def a virgin, feel sorry for the little fag sometimes

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          • J Livermore

            Struck a nerve top dick sucker?

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          • Top Dick Sucker

            J livermore is the top dick sucker i have to admit

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          • Top Tick

            nope 🙂 i can just tell by your comments, im right arent i??? lmaooooooooooooooooooooooooooooo

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          • Honest ABE, nohomo, RATCHET POET
            Honest ABE, nohomo, RATCHET POET

            😀

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  26. Top Tick

    Fly, how much are u down ytd

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  27. Juice

    bulls snatch victory right outta the jaws of da bearse

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  28. Jennifer

    The imposter Jennifer needs to be banned from here.

    I did some buying of said stocks today

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  29. ripper

    LETS ALL BUY VJET.

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  30. Top Tick

    u should ban livermore for being so parched

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  31. TheHarper

    dont listen to thoses guys J. Livermore, dont feel bad either, I also enjoy a nice shalacking from the local pool boy

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  32. Top Tick

    uhhh?

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  33. J Livermore

    My prayer for “Top Tick”…aka “Top Dick Sucker”…

    God, in three days, please inflict the person posting on this board as Top Tick with the incubation of Naegleria Fowleri in said person’s ear canal, from which a great infestation will be born to devour said person’s tiny brain within seven days of this prayer.
    Amen

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  34. Honest ABE, nohomo, RATCHET POET
    Honest ABE, nohomo, RATCHET POET

    Here is a review of the days poems, great work from myself, book out in the fall:

    Whether Easter or feaster or folly,
    The crippling of Fly makes us jolly,
    This holiday tiding, I know you’re abiding,
    To work, you’ll soon take the trolley

    Racist or not it’s quite funny,
    That Chappelle was so keen of good punny’s,
    Now Fly needs defense so slings his best fence,
    But the readers know his joke’s runny

    ——-

    Haiku:
    It’s true he cant hold,
    His demons will not let him,
    Barzoon’d he is

    That bitch Jenny wins
    Five alarm fucking I gave
    She always slept well

    ——-

    To VIX is to decimate quite certain,
    For Fly to approach would be hurtin’,
    As we raise our glass and cheer our repasts,
    He must prepare for the curtains.

    To imbibe until one is full-sated,
    is best until selling’s abated,
    IT stocks are low, the whole sector does blow,
    Fly’s portfolio has been conflagrated.

    The Tears for Fears proclamation,
    To “rule the world”– such elation,
    It cannot be said, the feeling of dread,
    That Fly fears for his coming ablation.

    Fly’s skills most dear are lacking,
    mostly in part due to slacking,
    the future is grim, he knows from within,
    only a miracle shall cease the shellacking.

    April 14, 2014 at 3:49 pm
    In youth, young girls are a passage,
    with age, older women have baggage,
    Though intentions are earnest, their knobs they will burnish,
    As most men must simply just scavenge

    Fly married young for a reason,
    Either accident or one choice appeasin’
    For Chess to get laid would frost everglades,
    and as we know hell hath only one season.

    —–

    To Matt_Bear:

    Though the cunning of vagrants may vary,
    the depths of man’s will you will parry,
    To assume you will win, may cause you chagrin,
    as the despair of bleak darkness is scary.

    Your hoary narratives aside,
    I hope you won’t think I’m too snide,
    That to say that armed bandits would fail t’plan gambits,
    Is a mistake that they won’t abide.

    —–

    To J. Livermore:

    Your manner of insult is tired,
    If jokes were the game you’d be fired,
    My guess is you’re single, if so you should mingle,
    My belief is for men you’re inspired.

    Young man you should heed my directive,
    you’ve lost with your low-brow invective,
    If respect you desire then it pays to acquire,
    An ounce of a trait called “perspective”

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  35. Jennifer

    Loser

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