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
23,417 Blog Posts

The Problem with Scotland is that it’s Full of Scots

Seriously, I’ve always wanted to use that headline. A thousand years could pass and I’d never get the chance to discuss Scotland, so pardon my zeal.

I don’t know what to think about Scotland, frankly. Perhaps England may have to enact and olde ancient tradition, Primae Noctis, to set those drunkards straight. Either way, it pleases me to know that the ghost of King Longshanks is probably pissed off right now.

Stocks look strong ahead of the biggest ipo known to mankind, BABA. Both SFTBF and YHOO own large pieces of it. So if you want to play the hype, before the ipo, just buy those stocks. Then again, maybe people sell the news? All I know is this: LITB is cheaper than balls–because they are balls. I’m looking for a pop to $10.

Yes, I am still long TLT and utilities. Let’s examine this for a moment. I am flat to down 2% in my utilities and after two months of dividend payments, I am down about 3.5% in TLT. I piss on -3.5%, hardly an onerous price to pay for a hedge. The whole point of these positions is to protect against the inevitable destruction of the planet called earth. Now that I see it won’t happen, although I am reticent to think boolish ahead of BABA, I can start repositioning for upside. The opportunity afforded to me by the IFON spike and my subsequent sale leaves me in a very liquid situation, young chap.

You’d be wise to not bet against me, ever again.

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15 comments

  1. lplongo

    I am heading to Edinburgh, Scotland in mid-Oct for some R&R with the fiance, after a 2-week business trip to Japan. I plan to spend at least part of any rainy days sampling scotch… which I don’t really need to ingest any more than I already do here. Looking forward to it.

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  2. Zuul

    Those who cast the votes decide nothing.

    Those who count the votes decide everything.

    -OJ Simpson

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  3. bigl

    C’mon u could of used a picture of Willy

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  4. Jenny

    How many of your readers do you think got sucked into your IFON pumps and are now left holding the bag?

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    • Dr. Fly

      All of my readers made money. Ive been in the stock over 6 months. I told them when I sold and that’s all I can do.

      You are the biggest troll the world has ever known.

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  5. ccassara

    I am so glad you got the opportunity to use that headline, one of my most favorite all time posts

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  6. halfbloodpope

    Any opinions on $SINA appearing very inexpensive down here as maybe a 6 month hold?

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  7. tradercaddy

    People are getting their kilts in a twist.
    I was caddying once at a tournament at Hilton Head Island (Harbour Town GC) and there was a guy in kilts playing the bagpipes on the first tee before each group teed off.
    The problem was that it was about 28 degrees with a 25 mile per hour wind.
    I figured he was getting a blast under his kilts.

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  8. xxxhuggiebearxxx

    Gramma Yellen has gots the trash runnin again.

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  9. Jesse Livermore's Ghost
    Jesse Livermore's Ghost

    Scotland = more noise in this ongoing secular bull market. Those SPY and QQQ calls I own are performing nicely. +49% YTD. How are the bears and doubters doing?

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  10. Super B

    Mr. Fly is an ignorant Idiot.

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  11. carolina

    Idjet

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  12. tigg welland

    Let Fly coins a Iconic Titie Title

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