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

DISASTER AWAITS

Everything changed on Monday. I look at the indices hitting new all-time highs and I want to punch people in the face for it. That’s because my stocks are inside of the ice crusher, waiting for someone to push the button. On my future grave, I know, without a shadow of a doubt, that I am 100% fucked. I should just sell everything tomorrow and embarrass myself in less ruinous ways.

My emotional lows gets very low indeud and it’s gonna take a fucking mountainous explosion to the upside to get me in better spirits. Everything I see now is rotten, wretched, stale, putrid. I am not even interested in scanning for stocks any more, let alone think about earnings.

Last I checked, I just cut my own arms and legs off in a series of jackass trades that will go down as the very dumbest of all-time. Sure, my SLCA position was small; but now it’s even smaller. Great job riding that asshole from $45 to $70 and right back down to $30. Splendid money management, Lord Fly of the meat for brains.

I do credit myself for escaping a potential TRN raping. Then again, why was I long in the first place? Oh, that’s right, I was a ‘rail man’. Now I get rail nails to the head. Sure, I got out with just a 5% hickey. But, Jesus Christ was I wrong about this drop in crude. Let’s not forget other long term positions that have been knifed in the face, like BEAV, ICPT, BALT, and CHK–just to name a few.

I know I made a tonne of money last year and I am supposed to accept defeat as part of the game, the learning process that will eventually make me a better speculator. But I don’t want to. All I know is that I sucked and I am nothing, nothing at all, without Dr. Benjamin ‘blunt smoking’ Bernanke.

 

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51 comments

  1. zombie

    FIG

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  2. J Adabese

    You better sell out then and start fresh the first of the year. -17% won’t seem like much when you are starting fresh. I’ve seen you wipe the board clean in the past and it worked wonders. Just get the fuck out for Gawd sake. Fuck what people think like you claim you do, but could very well be the only thing keeping you in. Get back to your old ways of hot runners. Fuck commodities. Yea, oil, that’s predictable. C’mon Le Fly.

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  3. UncleBuccs

    In this modern age, whenever I feel glum, I cruise over to worldstar and watch a few fight vids. I don’t log off until I laugh a hearty roar. Hopefully this will work for you as well.

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  4. bravo

    But what of the zebra? What of the poor zebra?

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  5. ironbird

    Why the fuck are the heads of all the mega corporations begging for moar spending from the government? That was not a business roundtable it was a bunch of fucking vagrants with hands out. Real great “boom” we have going on. Was it always total lies and horseshit like this “recovery”?

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  6. project_pat

    I’ll roll u a better blunt than Bernanke. take it with u and go to Cali / Mexico (extra traveler’s diarrhea) / EU and sit ur ass on a beach. 80% returns are absurd. Clear ur mind. Take ur chips and buy the genocide when it comes. u want big wins? How about buying the fucking bottom with cash at the ready. no emotions. Trust ur gut fly. The market is always here to play. No need to stay for the fuckery. Great Post.

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  7. J Adabese

    http://worldstarfights.com/oh-gawd-black-girls-fight-hood-bra-weave-ripped-nsfw/

    Here’s one from my hood. Nice titties & shit.

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  8. fluxcapacitor

    Hey, at least you weren’t an asshole shorting gold futures Sunday night (unlike me).

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  9. vandamme

    Fly, for the amusement of the peanut gallery can you recount a recent tale whereby your fury and frustration caused your exasperated wife to make some sort of sardonic jest at your expense?

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  10. J Adabese

    Everybody should be required to change their avatars…at once !!!

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  11. J Adabese

    Le Fly is braaying !!! LOL !!!

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  12. the shiek

    Try selling muni bonds @ 2% yields for a living,this whole investment landscape feels like its running on fumes…

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  13. narwhal

    Gpro is going to pull you out of the gutter by your bootstrap.

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  14. Dr. Fly

    My wife just keeps shopping as I melt away into misery.

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    • UncleBuccs

      I’m quite sure Mrs Fly would never don KORS herself, but does she buy gifts there for the help?? Company was highlighted today in AHWOA, but I just can’t get behind the product…

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  15. mackypinky

    That zebra looks like a deer in the headlights

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  16. budh

    Get some Z….

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  17. Dr. Fly

    My wife doesnt like kors bags. But she isn’t into high fashion either. She has her own style.

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  18. mtpennybags

    Nice to see you wake up finally. Goodluck profiting from reality though. The market is rigged. Lets find some zeros and short the piss out of them. NADL Fucking energy the stealth short all along. O and GTFO GPRO ahead of the lockup, unless you want to throw another foolish error atop the pile. 2014 blew chunks on everyone..

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  19. Dr. Fly

    Jesus Christ. How many times do I have to tell you lock up expirations mean nothing!?

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  20. thereisnospoon

    Your honesty and humility is rare and I greatly respect your expertise. Keep your head up Fly, before you know it we’ll all be trading off the fumes of your next picks. Best financial blog on the internets. Period.

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  21. lkubin

    It’s funny, I’m just a retard who has been holding SPY and AAPL all year and doing nothing, but I am outperforming people who research and think about stocks all day and paying less taxes.

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    • zuul

      One day you will wake up and you will have lost money. The next day you will wake up and find the money has not come back. One year later you will be thinking a lot about those days, when you could have enjoyed net gains.

      That said, long indices has been the trade since late 2011.

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  22. dewey dortmunder

    I don’t know anything about your industry but what would happen if you did liquidate some of your poorer performing positions? Is it possible to get a redo without sinking the ship? My unsolicited advice would be to cheer the fuck up and move on from the tale of woe.

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  23. jacked rabbit

    Alright, Denniger, let Fly out of the dungeon and go back to your own site. Ya damned vagabond.

    Viva el Fly!

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  24. bruce keller

    Maybe your crushed stocks are poised to launch? Then again smart money has been leaving since Jan, shrugs.

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  25. helicopter ben

    Hey Fly,

    You are a great investor and I’ve enjoyed reading you since I started trying to trade in 2012. You took full advantage of the Bernake bull and thanks to your four horseman have taught many an amateur about bubbles. Hopefully you’ll be able to get in tune with market sentiment again and have a great 2015!

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  26. handyandy

    We all lose money, and go through dry spells, its the nature of this fucked up business.
    I to have taken some horrendous losses this year, but am still up 24.8%.

    I bought 50000 NBG at $3.79 and sold at $3.29. Ouch.

    I am also losing big on FMSA at the moment, as I am averaged in at $12.64 Ouch.

    In on GPRO at $73.77. Ouch

    All in all I am down the price of a small mansion in LA on just 3 positions.

    Now come February when GPRO go show earnings, what’s it going to be? Outstanding that’s what. Even my wife who is about as tech savvy as a chest of drawers is asking for one from Santa. That for me is a good sign!!
    And as for Oil, it will come back, maybe not tomorrow, but definitely in the future 6-months. As the rag-heads are losing $590B that is to much for them and others to ignore. The next meeting at OPEC is scheduled for June-2015, I would bet my life that an emergency meeting will be convened before this date to address the market and cut production.

    So cheer the fuck up, and go long on your losers, and enjoy Santa’s return.

    Did you hear about the Dyslexic Devil worshipper………Sold his soul to Santa!!

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