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
23,433 Blog Posts

FALL BACK SON

We’re diligently working on the first annual iBankCoin conference. It appears the date of 11/8 meshes for all parties involved. I am sure many of you will seek me out, trying to attack or kill me. But just know this: I will be shadowed at all times by my security apparatus and will poison your cocktails with cyanide if I deem you to be a threat. To top off the event, which will occur during a premium date (saturday) in Vegas, I am hoping to do something special for VIP sign ups. I intend to spend most of the additional monies raised on said gathering, in order to make sure that it is done in the manner by which this site conducts itself.

As for the markets: BRACE YOURSELVES for lower prices. The Option Addict and I are on opposite sides of the equation here. He’s a much better short term trader than I am. Frankly, I’ve never seen anyone in all of my years who could hold a candle to him. Nevertheless, I reckon he will be wrong this go around. Do not start feeling bad for the lad, just yet, as I’m sure the gazillion dollars he’s made in the market this year will sustain him during the dry months of September and October.

I want to be long utilities, treasuries and cash.

However, longer term, I still own 31 stocks, such as YELP, MU, HAIN, JAZZ, SGEN, GOGO etc.

A dip is coming. I can feel the warm breeze, from a volcanic eruption, across my chest passing by—as I survey the field. If you stay too long, you will be burned.

Warnings have been made. Do not say that I didn’t try to help.

If you enjoy the content at iBankCoin, please follow us on Twitter

25 comments

  1. jules

    When you look up and see all those cameras just know The Fly is always watching.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Steveorino

    The dip?

    That was friday. That was it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. operator1

    Portfolio looks good boss. What’s your thoughts on V or MA? or some genetics like AMRI or MYGN?

    Longer term. I’m still digging my cave (extra “The Road”)

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. UncleBuccs

    Dr. Fly, I will have to beg ( and brown-nose) for a vacation day in November, but I sure will try. Unfortunately, Auntie Buccs has already invited herself along…. how in the hell am I going to smoke & drink the worlds finest cigars & bourbons with chessNwine while such a motherly figure hovers over me?? I’m truly in a pickle.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. Dr Fly

    Buc

    No woman in her right mind wants to attend an investor conference. Plus, the VIP tickets will cost more. Use frugality as an excuse to attend.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Mary

      Mr. Fly
      Do you not want the ladies who subscribe to OA’s trading room to attend?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  6. Project_Pat

    I 100% agree the market should correct, but the market is full of manic people. And we have no idea what the FED is going to do. They are cornered. I have stayed disciplined taking both short and long positions. I am also majority cash. But Fly, you don’t think we have a melt up? One that will make 2000 look like a joke? I’m asking you because this is the only market i know, A ferocious bull market. An outlier market. Bears are lurking. Once they go broke look the fuck out. QE Infinity or deal with the problem? Going to be blood one way or another. Perhaps the excess cocaine of the fallen will we dispersed atop your penthouse as a vasoconstrictor. If that fails, an elite doctor like yourself will be needed to cauterize wounds. LOL messing around, but being serious with questions. I’ll be shocked if i get an answer. Future Distinguished Gentlemen Spring 2015. Let me get thru school. Sick play on JAZZ btw.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Dr Fly

    Attend the VIP dinner while she goes and plays with the one armed bandot

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. djmarcus

    Weak hell on wheels this week

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. No One

    Be wary of the lady wearing moustache and fake tits.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. Jakegint

    Indeud.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. Controller

    I believe myself to be in my right mind and I’m very much looking forward to the conference. I just have to talk my husband into it now.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. Dr Fly

    Touché controller. You got me.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. Dr Fly

    Mary

    I’d prefer if only ladies came. I was being tongue in cheek with old unc buc. I love the fact that the site has many female readers.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Jesse Livermore's Ghost

    I’m going to have to politely disagree with your correction call Fly. Only time will tell which of us is right. Still long SPY calls and TQQQ.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. matt_bear

    what does a VIP’d ticket provide over a standard ticket?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. fatted calf

    Pue de foi le Fly. You may want to reconsider your ECOM wish wash. Surely the nerds shall have the last laugh.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. budh

    VIP= member of a premium service or two?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. Greg

    On this chilled, moistly cloudy day
    Savor life, and enjoy living

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. Super B

    Fuck Israel.

    • 0
    • 0
    • 0 Deem this to be "Fake News"