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
23,431 Blog Posts

Let’s See Where the Stupid NASDAQ is at 3:59pm

Sure, the market looks great this morning, thanks to a slew of “better-than-expected-earnings.” I even promised to “punch the meat loaf out of the mouths of short sellers” today, declaring “100 NASDAQS” to the head is all but a foregone conclusion.

Howsoever, under the harsh exterior, the cold steel facade, I know this market is diseased, filled with people who are tripping over themselves to sell.

So, I am hoping to recover some of my ridiculous sized losses that were delivered to me yesterday, like a god damned African spear through my chest. But we’ll probably sell it off again, afraid of companies who grow their revenues because “this is another dot com bubble” and the pathetic perverts who manage money, professionally, have deemed innovation to be something of an albatross for economic growth.

May you all enjoy 10,000 years of uninterrupted stagnation in your electric utility holdings.

Looking at my pnl, I don’t have the right to gloat over a positive opening. As a matter of fact, please check me if I brag about anything, until I make it all back.

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98 comments

  1. matt_bear

    is the orbital space cannon in need of repair?

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  2. VolSeller

    One of the worst +55 pt openings I’ve ever seen.

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  3. YPT

    JPM-“This ( FTNT rpt 36% US growth) was exactly what the market needed to restore confidence in the demand for security” FEYE PANW

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    • Gary Kaultbaums FUPA
      Gary Kaultbaums FUPA

      enough w FEYE for Christs sake. its an unmitigated disaster: a sinking fucking ship that is sucking down each of its investors like the god damn Titanic. I get that you are white knighting The Fly – news flash he doesnt need it. Come up w an original trade idea you fully corrugated half wit.

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  4. Jeremy

    flood gates open

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  5. The Real Muppet

    The Ukraine is keeping things in check. The DAX had a -100 point swing over the last couple of hours.

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    • Bart Smith

      That is the biggest bunch of horseshit I have heard in a while.

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  6. Sooz

    tango time, Chess

    ~Kitty Soft Paws

    beautiful CAT

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  7. Jeremy

    facefuck not so great

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  8. og

    Some ugly fades especially Facebook

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  9. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    At risk of a banning, i close my short futures position at a nice little gain this morning.

    Back to chillin in the EWZ while the US implodes.

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  10. uglyflint

    WTF ? Feye ? Wday ? Splk ?

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  11. Genghis Khan

    Fly, there’s no point selling FEYE at this point, but judging from the market, the other horsemen look very disposable right here, especially DATA & YELP, f these stocks cannot rally today

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  12. nohomo

    LOL at all the tech perma bulls. most over valued part of market. TZA and NUGT strong and banking coin bro.

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  13. nohomo

    will laugh so hard if AAPL ends red today. sure sign this market is toast

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  14. Tough but fair

    Einhorn’s is gunning for you, senor.

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  15. Blunderbuss

    unconfirmed rumors that Putin will emergency press conference in 1 hour

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  16. TraderCaddy

    Forget 3:59 PM.
    How about 9:59 AM?
    Gonna be all over the place until an up or down is sustained.
    Hopefully, we rally big now to 10:45 so I can buy inverse Rydex 2x Naz, DJIA, or EMs.
    Or if we decline big I will go long and do the opposite.
    George Costanza style usually wins.

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  17. ironbird

    Big woosh. Ukraine does not appear to be priced in at all.

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  18. hmm

    Le Fly,

    FEYE appears to be getting F’d up here.

    Thought you should know

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  19. JV

    lol @ DATA

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  20. The Real Muppet

    Hard to take Ukraine to seriously until oil really moves.

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  21. Karl

    TRIPLE BLUE BLAZER!!!

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  22. bood

    it seems war is no more good for ws

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  23. Sloop

    To all you FUCKHEADS!! just wait until YOUR account is in the toilet!! What comes around goes around. You blood thirsty parasites!!

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  24. Jeremy

    Sorry to all involved

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    • bood

      putin moves are “illegal” ( if not mad ) so forcely someone has to take action against it . WS will prise it .

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  25. bood

    at the moment is putin vs rest of the world. go figure what’s going on in that mad master turd mind .

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  26. zach

    how are you STILL LONG FEYE?

    this is a suicide trade. insanity!

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  27. bood

    I’m not sure but most probably ( to me ) is preparing more for a massive rally up that a massive flush down , unfortunately in the mean time many have been caught out of a massive rotation of funds , and have to cop with losses , me in .

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    • TraderCaddy

      I think NAZ rebounds as chips seem to be holding steady as the index declines.
      Hopefully, it wooshes into 10:30 so I can buy Naz 2x for the day trade.

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  28. hook

    is that you getting out of feye splk etc?

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  29. bood

    I’m not sure but most probably ( to me ) the market is preparing more for a massive rally up , or a continuous run up , that a massive flush down . unfortunately in the meantime many have been caught out off a massive rotation of funds , and have to cope with losses , me in .

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    • bood

      defensives and growth ( not tech ) will play out eventually in this moment

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  30. VOS LOCOS

    Might have very well had capitulation today. That was some fierce fear selling. Hopefully the selling in those is over or they might be the leading indicator for overall market and everyone hurts then.

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  31. nohomo

    This might be the day everyone looks back at in 4 months and wondered why they didn’t sell

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    • bood

      or why they did sell ( my point of view , no homo )

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      • nohomo

        seasonality says brick wall ahead as do the market techicals. smart money is selling. fly is about to be down 30% YTD if he doesn’t sober up

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        • bood

          so smart money is turning the back to the market , but the market is not going down big time ( there’s no big money to make there ).., so smart money will likely reposition for upside in other sectors here . Economy is on path and sometimes bad numbers can come in , but job and growth are going better then expected ( apart the lately numbers ). the cycle seem positive , money is there and propel growth , sectors can turn , many sectors ( and retail on all ) are faring well

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          • nohomo

            no more POMO the rest of April, let’s see how this new born yearling of a market can stand on its on legs

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          • bood

            out of provocation just for my interest , are you betting a big flush is building still ?

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          • nohomo

            within the next month. expending a lot of energy to retest the 1895 high. It still may but this market has a date with the 1750’s

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          • bood

            it should happen when everyone is in , imo . so not the next month .
            top of this remember the fed is watching the vix so a flushdown is not attactive as it was in the past .

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          • nohomo

            perhaps but my view is this summer will be rough on the bulls regardless

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          • bood

            fed is propelling the next growth era , conservative of the faults of the past , regardless of debt / technicals and valutations . i would not be confident a flush down is that possible after the ramp up they’ve built up to where we are .

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    • Jeremy

      permabulls don’t give a shit

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  32. longview

    Well I didn’t expect that.

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  33. Jesus

    Come to me Mr fly. Come now

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  34. J Livermore

    To the $FAZ Mobile !!!!!

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  35. bood

    dj should have to search for 16270 . prepare ( at least ) for it .
    the bumps ( vix wise ) are not finished

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  36. SGT HARTMAN

    I finally figured out how the iBC folks pick stocks. They each have four die showing letters, not numbers. They throw the dice onto the gambling table and voila, the pick of the day.

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  37. bood

    remember that big blood ( ala 2008 style or hft style ) is not permitted any more . fed is watch doggin it .

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  38. TraderCaddy

    Chuckles at the comments.
    Several weeks ago the comment section was down to a handful.
    And now it is loaded.
    Humanity loves the smell of rotting carcass (like watching a major traffic accident, I guess).

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  39. VOS LOCOS

    Little Einhorn buying the stuff up now. Its all manipulation for the suits

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  40. nohomo

    LOL – I see the moderators are making sure the emperor still has some clothes

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    • bood

      i think no moderators – apart fly – here , nohomo

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      • nohomo

        even worse. He should be more worried about managing a portfolio with a collective PE of 50 than comments from the peanut gallary

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        • bood

          in facts, you are writing and he is managing at the moment . but usually he writes ( for himself , not for nohomo or others..) and you read , and hw manage in the meantime .

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  41. J Livermore

    I for one am HAPPY to see FB giving it up this morning. “ZUCK” and Sheryl were selling so hard on the call last night. Sounded like a funding pitch.

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    • The Real Muppet

      Its the “hacker way.” They are soo awesome those two.

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      • J Livermore

        Yes, AMAZING aren’t they. I especially love how they inflect their voices higher at the end of a sentence to make it sound like a question, even though it’s not.

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  42. The Real Muppet

    That was a nice ride. Go about your day.

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  43. Bruce J Keller

    Man that was a scary open! Scooped up more YHOO while down 1.5%, option got 30% cheaper! GDX calls working out okay.

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  44. nohomo

    how about the early morning reversal in SLV?????? the powers that be are doing everything they can to knock out the metals and they can’t

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  45. Spud

    Kick a guy when he’s down… Your Mamas would be proud.

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  46. Bob

    Hahhahaha fly all of ur stocks are getting destroyed right after u bot MORE hahaha…..Lmao why don’t u buy MORE feye as it keeps going lower hahaha

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    • nohomo

      Fly only buys stocks at alltime highs. LOL

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      • bood

        i would not dismiss so easy the guy ( the mr fly ) expose himself to the public nearly 365 days for the years , and most of all he likely doesn’t give a s@hit , about 90% of comments , or to what is doesn want to , as the service ( the blog ) is free for all ……..

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        • nohomo

          perhaps if he had some humilty he would be ‘treated’ better. plenty of bloggers do what fly does (and much better) without being a prick

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          • bood

            ok . so why U here reading the person and commenting (just for my curiosity..

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          • Spud

            HIs online persona is entertaining and his bravado is not mean spirited. If you read for any length of time you would know that. Your comments are more at the prick level.

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  47. Jeremy

    Nice comeback from morning lows on high flyers. congrats to all

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  48. Trader Rick

    FEYE – If you liked it at $60 you should love it at $40!

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  49. TraderCaddy

    Fly must have an enemies list bigger than Richard Nixon and 0bama combined.

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  50. nohomo

    Lot of buying energy being used to just to prop this turd up

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  51. Stockthrust

    FEYE is for daytrading only. Its like trading an inverse 3x ETF. Cant position trade something that is downtrending to hell.

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