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
23,441 Blog Posts

Had $XIV Not Been Terminated, It Would’ve Been a Fine Trade

The Dow scorched higher by another 400 today and XIV is now gone — terminated from existence. Had Credit Suisse not terminated XIV, it would’ve been a fine trade — worth hundreds of dollars. The philosophy behind the trade was exactly correct — but the mechanics were false, a fiction concocted by Wall Street to fleece investors for all of their money and more.

BEHOLD, the Almighty prospectus, filled with all sorts of treasures and predictive data. One would have to be a supreme idiot not to read at least one per night.

I cannot stress to you enough how much the prospectus means to those in the know on Wall Street. Before any deal gets done, whether it be primary or secondary offering, all of the coked out stockbrokers go to their desks and read the entirety of this living document at their desks, over a nice cup of hot tea.

In case you’re wondering why I’ve been absent from Twitter today, Le Fly has been banned for making some very harmful and incendiary remarks to some truly dumb fuckballs on the platform. It pains me, really, to converse with some people there. I try my best to be nice and pleasant, but more often than not I get fucking TRIGGERED by the ineptitude and lackluster acuity in the dialogue, which leads me down a long windy road of unrelenting assaults upon others. My punishment isn’t the suspension, but my own empty sadness.

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26 comments

  1. it is showtime

    The O.I.G report from Michael Horowitz is the next mark. (memo phase 2 in progress)

    The retrace of the indexes trick was anticipated. The drop was controlled. They tagged 10% for media-cooing. Retrace controlled.

    Hi deepstate-wallstreet, the next hit is coming, if you and Comey and Mccabe and Mueller and Wasserman and Rice and Strzok and Page and Rosenstein and Lynch want to keep your freedom

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  2. infinitezuul

    where do you get your amazing headline photos?

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    • Dr. Fly

      you’re probably too young to remember the Woody Woodpecker cartoons. That’s the guy who’d say ‘if Woody went straight to the police, this would’ve never happened.’

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      • infinitezuul

        I was more of a Tom and Jerry guy, but I don’t get the connection to the headline photos. They’re half the reason I come here daily. Consistently good.

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  3. Marc David

    Temporarily banned for nothing.

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  4. sarcrilege

    Hopefully you’ll tell twitter and the bolsheviks on there to fuck off. I mean, visualize some obese soyboi reporting you like some filthy rat to the sensitivity department at twitter and some twatter resident dumbshit ass bleeding oversized tampons packing gender confused millennial snowflake living in it’s mom’s basement arbitrarily banning your account for 12hrs, 24hrs, … and trying to teach you a lesson by curbing your free speech, …like come on! Are you going to submit? You’re better than that, no?

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    • numbersgame

      Capitalist: “tell twitter…to fuck off”
      Marxist: whine about twitter “curbing your free speech”

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      • ferd

        Thinking people don’t run their lives by stupid axioms.

        Ignoring the fact that there are 330 million twitter users and mumbling “fuck off” doesn’t accomplish much. Better to resist censorship as best one can.

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  5. joyous__ending

    Thank Gawd for free speech at IBankCoin.

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  6. numbersgame

    Fixed it for you:
    “Had $XIV Not Lost Money, It Would’ve Been a Fine Trade”

    The AH shananigans were just the difference between a 50% loss and a 90+% loss. Look at VIX on 2/2 and tell me what a fair value for XIV on 2/6 should have been.

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  7. acehood

    This is nonsensical. The catalyst for the bounceback was the sheer panic that caused XIV to plummet in the first place. You can’t have one without the other, friendo.

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    • Dr. Fly

      You don’t know that for certain — idle harebrained speculation.

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      • acehood

        For something to bounce it needs to have fallen…

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        • hillaryscliton

          Fly’s Granny, who I mention below, also has fallen many times, only to bounce hard and better than ever.

          Good thing, as she finances Flyshits Epic Failures

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  8. thegametheorist

    Sold svxy from the day after XIV fiasco today for a double digit gain. Also converted all cryptos to neo Saturday. Now converted all NEO to BTC for BTCP fork Wednesday.

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  9. ferd

    Trump to host his Bibi at White House. …worry about this

    “Now Don, you know that history quickly forgets peacetime presidents. No need to take second fiddle to Lincoln and FDR. Well, yeah, you’ve got some wars on …but you need a big war …a yuge transformative win.”

    https://consortiumnews.com/2018/02/26/growing-risk-of-u-s-iran-hostilities-based-on-false-pretexts-intel-vets-warn/

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    • sarcrilege

      No worries. Yuuge war is already on deck and progressing swimmingly. It already started while all these tinkerbells at home are distracted by Florida shooting, twatter bans, gun grabbers, etc. US just bombed pro-Assad forces and Russian mercenaries in the northern Deir Ezzor province and Ghouta is the new Aleppo. Let’s just get this done and over with…draft is just around the corner if not outright martial law instituted under the pretense of preventing civil war. Are we on the same page? All you dumb goyim prepare to die for greater Israel.

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      • hillaryscliton

        Nothing like a few goyim dying for the betterment of the Chosen People.

        As it should be

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      • ferd

        Bah, no draft. They know how to keep the cow dumb and docile so it can be milked.

        And no ‘buy war bonds’, no tax hike, no sacrifice. Wars fought by others and funded by Fed printing.

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  10. hillaryscliton

    Aint you never heard if a bullfrog had wings it wouldn’t bump it’s fat ass on the ground??

    Cemetery filled with cudda wudda shoulda faggots like you

    Man up, raid your grannies retirement (yet again) and try mightily to recover your MASSSSIVE fukking losses you dickweed,

    Until then, Your Friend

    Hillary

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  11. hillaryscliton

    Twatter , such as it it, expects you to only say the nasties about conservative, right wing targets,

    Once you attack faggotry , trannyism, BBC lovers, Ass fukkers, and other assorted degenerate scum, you’re messing with the forces of nature.,

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  12. masteroneass

    ivy league born to lose.

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  13. lastbid

    Now they just fucked with SVXY and UVXY holders. Leverage adjustment. If you are long options, you tilt. Should really have read that prospectus.

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    • numbersgame

      Right, I should be up 20, 25% from my UVXY, but sittng at around 15%

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