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
23,442 Blog Posts

The Perfect Close

Quit busting my balls over GPRO. If I didn’t panic out following a 20 point rout, do you think I am going to panic today after a $3 upside reversal? Do yourselves a favor, pal, and shut the fuck up and go have a beer at the end of the bar.

This is text book gangster close, whereby the market reverses an early morning gap down and then proceeds to urinate on short sellers throughout the entire day. See, if you happened to be short today, you felt like a champion mandingo in the morning. But now, great scott, you’re feeling a little light in the loafers if you know what I mean. Things can start getting real dicey, real fast, for the uninitiated.

How does one know if he is initiated or not?

It’s very simple. Are you a member of the million dollar club? And, no, I do not mean net worth. I am talking about speculation, son. Listen up here. If you’ve never lost and made a million dollars in the market, you are nothing more than, or less than, a car-jacking, ski-mask wearing, motherfucking novice.

I will have you know, King Fly has lost many millions of dollars during his illustrious career, and has made them all back and millions more.

For the rally to continue, we need three things to occur.

1. Oil MUST trade up.
2. The dollar must sit the fuck down and shut up.
3. Asian and European markets must rally.

If we get those three things, we will have ourselves a pleasant Santa Claus rally. If not, I bid you farewell.

NOTE: The PPT nailed the OVERSOLD signal, intra-day, at today’s open. SHOMP.

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34 comments

  1. zombie

    FIG

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  2. Trent J

    Can someone help me change my forum name to “Car-Jacking, Ski-Mask Wearing motherfucking novice” please?

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  3. J Adabese

    TITTIES !!!

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  4. smartestone

    looks like the Ah is getting clobbered again . TMF + TQQQ

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  5. Marc David

    Why does Mike Jeffries look like a cat?

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  6. smartestone

    1. Oil MUST trade up. I thought cheap oil should help the consumer . That should offset the decline in the energy sector

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  7. yellen

    The dollar must sit the fuck down and shut up.

    THIS. I would also add, $HYG must stabilize here.

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    • Dr. Fly

      HYG is going down due to oil related debt. If oil goes up, so will HYG.

      Grab a fucking pencil, Yellen, let me school you.

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  8. prometheus

    Looks like you, and The PPT might have nailed it today Sir Fly, it appears oil may indeed find a floor here, albeit not sure for how long; this morning’s pin action off of the China news was a good tell. I added some $PXD myself.

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    • Dr. Fly

      I was close to buying PXD. Next to PDCE, they have the best hedges.

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      • prometheus

        You did post that PXD was on your short list, shares are down nearly $100 from the high, and they have terrific assets, especially if the oil export ban is lifted, as it should be, which will give many US oil companies a tremendous lift.

        BTW, you not only added to SLCA, but also bought FMSA, why do you favor the sand providers (three of them were on your short list earlier today. Thanks!

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        • prometheus

          Sorry I didn’t close the parenthesis after “today” and forgot to put a “?” at the end.

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          • Dr. Fly

            Just for a trade, frac sand. High beta stuff.

            I had sold FMSA north of $14.75 a month ago. I just bought back for half the price.

            The fuck.

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          • prometheus

            Yeah, the fuck is right, they intended to IPO at $24, but went public at $17, and now they are $7. This is so comedic, it fucking not funny at all. Just shows, analysts and investments bankers know fuckall, the market know all.

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  9. matt_bear

    i can smell the dark roast black coffee thru my computer monitor on this post.

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  10. traderconfessions
    traderconfessions

    Or… the market could be flushing some shorts today and then will clobber the over exuberant longs who entered today.
    Talk to the robots if you want answers.

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  11. frog2

    finally

    nigga fly is back

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  12. eastbamatrader

    Someone needs to toss the dollar into that flaming barrel of garbage

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  13. rangersfan

    “…you are nothing more than, or less than, a car-jacking, ski-mask wearing, motherfucking novice.”

    Absolutely lol hilarious, this is why I check this blog every 20 minutes.

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  14. clt

    definitely a motherfucking novice here, getting my dickhole smashed all year.

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  15. zheeeem

    Just for the record, I’ve never mentioned GPRO. Speaking of oil, nice move today by GDP-C. Neener, neener!

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  16. sloop

    Why do I get the feeling you were talking to me at the beginning?

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  17. sloop

    Down 20 points is one hell of a fall. I am all for you!! MUCH bigger balls than I have.

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  18. sloop

    Too damn bad your so secretive. I would send you a bottle of our wine. It starts at 60 bucks a bottle and goes to 150 per bottle. Can only be bought in Napa, CA

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  19. boyaj

    Fly and all, here’s a good presentation I saw on business insider. It’s an interesting perspective on Double Line’s opinion on what’s shapping the market now and into the future. The slides presented allow anyone (Bull or Bear) to make their own choices. http://www.businessinsider.com/gundlach-webcast-presentation-december-9-2014-12?op=1

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  20. chrismark

    Market will pull the rug out tomorrow for a good laugh.

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  21. noodleboy

    Hood Billionaire might be 2014’s best

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  22. matt_bear

    Eva Green is female perfection.

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