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
23,474 Blog Posts

SUPER LONG

I added to my SPY position, making me 166% long into the teeth of cataclysm. As a point in fact, Le Fly gives zero fucks about your cataclysm. I will see your apocalypse and raise you with MOAR purchases of SPY.

My basis has been reduced to $195.57. I’m wholly looking for a rally of monumental, yet distinguished, proportions.

Yes, we all know the markets will decline by 30% in 2016. We’re well aware of the fact that stocks are meaningless rabble, scribbles of gibberish on little pieces of crumpled up paper.

BUT, before all of that happens, by the laws dictated by mathematics, we shall rise from the ashes and strike down those around us who attempt to get in our way of egregious displays of greatness.

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8 comments

  1. badduck

    I like your style. Dynamite sticks…

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  2. dyer440

    Nice photo: “Super Long” statute w/ a small penis. What are you really saying here Fly?

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  3. Dr. Fly

    Well, if you put it in context, the penis is actually massive. The statue os very tall. I’d gather its penis is at least 15 inches.

    What the fuck do you have me talking about?

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  4. frog2

    if you’re using exodus to trade spy can u let us know the exodus oversold signal at your buys? does it keep getting lower? I’m guessing it was a bit early

    probably ok for etfs but not short term options

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  5. probucks

    Only 45-ish SPYs potentially left in this “bounce” sir

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  6. airborne

    I love your work for many years, since the beginning actually.

    Regarding your algo, which I am certain has many brain cells embedded in it, is the algo derived solely from the stats of a mega bull run backed by a Fed throwing money about? Does it have any consideration of the way back zone bear market days? Just in case.

    I was fine with your going into the 120% long range, but 160+% on a 75% algo, by your own stats, seems a bit of the drunken steamer play. Or, you are just shitting so much cash from Exodus subscriptions that you roll big dice now?

    As a polite request, please threaten to ban me. It really makes my day.

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