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
19,125 Blog Posts

HOW DO YOU LIKE MY $DRIP?

NOTE: The Capstone Programme went live this week. Book your appointment now and be taught what you need to be told.

Motherfuckers.

I booked a 19.5% gain in WPM. My largest holding is TLT — higher by 0.35%. I’m in a 30% cash position, supremely positioned to buy into the blood.

I won’t bored you with more fears of a credit crisis, but you should be monitoring SNLN, SRLN, and HYG.

DOWN 500. BULLS CAUGHT A VICIOUS BEATDOWN. EXPECT MOAR COME MONDAY.

Off to drink some gin.

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35 comments

  1. schizo178

    Vix product is fucking bullshit !! Why doesn’t tvix and vxx gap up more ?

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  2. roundwego

    Vix is not tied to price action of the markets. It reflects when traders buy and sell protection. In trading vix you need to understand the mentality and position of the market. Only time to trade vix is when some big entity is gonna blowup. Special time to pay attention to vix is when vix goes up when the markets is going up. Also when vix does not go down as much when the market is ramping.

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    • schizo178

      I knew that already … maybe the Santa rally is around the corner .. but I have 70% on my spxs

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      • bronze28

        I would think that after such a drubbing, it would be a bit late to be maxed out on a 3 beta down.

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  3. roundwego

    Hy blowing up. Means bank failure. I am maxed out on faz.

    https://www.zerohedge.com/news/2018-12-14/credit-verge-crisis-176-billion-rated-bonds-downgraded-bbb-q4

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  4. Black Swan

    So the lady-man in the feature pic with the tattoo’s has large breasts or is prediabetic?

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  5. Lyndon Keltner

    Drip too hard, drown off this wave~

    More crash on the way.

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  6. Lyndon Keltner

    @Fly If the hate crime perpetrator on the D train was black, I would have called her a stupid black bitch.

    But she looks hella white, and she can prolly claim self-defense and beat the case.

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  7. bronze28

    FLY.. what is MOAR??

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  8. chuck bennett

    Black people do crimes and hate crimes big time in NYC. They are #1.

    A white woman did something ? Oh boy.

    I wanna see this. But I do know there was a guy last week, (black fellow) who beat a senseless causing spinal damage and calling for homo slurs. (Hate crime)

    We’ve been having 5 a month for the last 3 month.

    Finally 1 was maybe white.

    Regards

    Chuck Bennett

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    • Lyndon Keltner

      Beat a senseless? Eh?

      Black fellows (plural) do beat their meat on the subway more often than necessary. I done seen enough of that homo shit. (No hate.)

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    • numbersgame

      If you read the same story on 5 different websites does not make it 5 separate crimes, dipshit.

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  9. moosh

    Has tax loss selling started yet? Ha. Nice move into DRIP, Fly. No way you are holding that fucker over a weekend though, right?

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    • Dr. Fly

      Damn straight I’m holding DRIP.

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      • moosh

        Hats off to you, fine sir. It’s all coming true. I can sense the flow in your mojo is done with the ebb. Time to get back to laying waste to the market gods agains. Have a good weekend all

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  10. bronze28

    FLY makes reference to MOAR; can anybody help with what it means?/ Mother of all Rallies?? seriously;

    looking for an answer.

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  11. bronze28

    fwiw, technician Helene Meisler is calling for a rally next week based on AAII sentiment and oversold readings.

    “Sentiment, as you can tell from the AAII chart above, is sour again. The 10-day moving average of the put/call ratio is still too low for my taste. Thursday’s daily reading was 116% which is the highest reading we’ve seen since the late October low. It is possible that the next few days can get high readings, enough to surge the moving average but I am not hopeful it will.

    Rather if we crack from here it is likely the more volatile Daily Sentiment Index (DSI) which currently stands at 21, would fall to single digits which is what happened at both the late October and late November lows.

    That’s my case for a Santa Rally to begin next week. It’s the longer term that continues to be a problem.”

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  12. bronze28

    cannot understand why it seems that a big bad event is coming yet nobody is talking about this eventuality. T.V. talking about re-pricing; slowdown etc but this seems to be more ominous and other than the junk credit issue, nobody talking ominous except FLY on this site. And where is the panic????? people just getting down and fed up but no panic yet.

    reminds me of 2008.

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    • moosh

      Don’t remember the og source poster a while ago from inside these pristine fine walls. It has some flaws, but i bookmarked it for some reason. Fucking FAGPLOTS

      https://blog.evergreengavekal.com/the-recession-of-2019/

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    • ferd

      Good question, I’ll give it a go:

      It’s because people have been trained from years of watching as the consequences of central bank manipulations …of the cost of money …and of wars, tax cuts, etc. paid for on FED-facilitated credit cards, are deferred. Also, if this this is it …is it, we don’t know how the powers that be will use the crisis to benefit themselves. So how does one position oneself even if this this is it is it?

      Will they allow for honest write-downs, defaults, transfers of assets from bad actors to good actors – Ha! Or will they debase the currency …even using Ben’s helicopters if needed to keep the unwashed placated with TV shows and Cheetos? And how will our military be used and abused in distracting brinkmanship — and in defense of dollar trade — as our checker players risk WWIII playing chess?

      One thing I’ve learned in life is that the people who do what is needed to attain power are very often nothing like you and me; and we cannot assume their goals and their fears have anything in common with ours.

      Anyway, as I said on 12/4, I’m inclined to be short US stocks as long as we’re below 12/3 lows – PMs excepted.

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      • moosh

        Well put ferd. The illusion and quest for power is a hell of a drug. Even the “goodest” actors go blind in trying to attain it. But they never go mute

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    • numbersgame

      Reminds of 1999’s “new pardigm” of valuation doesn’t matter (NFLX, AMZN) just as long as growth occurs. Even highly profitable companies (MSFT) are somewhat “optimistically” priced.

      One thing about the housing bubble some experts were pointing it out in 2006. Aug 2007 is when things becam obvious to any investment professional that didn’t have rocks in their head:

      Timeline: https://en.wikipedia.org/wiki/Subprime_crisis_impact_timeline#2007

      However, even when Bear Stearns exploded in Feb 2008 (people only rememeber Lehman), the financial news, Fed officials, etc., were *still* telling the public “Everything is fine.”

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  13. the hungry dog

    Fly, hot lead for you & the “Boys”. ARTH don’t pass this one up it is about to explode once they get FDA approval. Enjoy the weekend and post us a nice song not that Hip Hop crap.
    🙂

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  14. ferd

    Time to go commie?

    The SPX made a new, post-September-21st-peak, closing low just yesterday …while my Asia 50 etf shares have been printing higher lows since bottoming in late October …a divergence in favor of Asia …despite all the recent bad news about Chinese growth and such.

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    • numbersgame

      You might wnat to read what this guys says about China before investing there:
      http://carnegieendowment.org/chinafinancialmarkets

      TLDR: China’s recent growth numbers are manufactured because of the way GDP is measured. In reality, China’s misallocation of investment will have the effect of depressing future GDP. In other words, you are looking at Japan circa 1990’s Check out Japan’s GDP and stock market (Nikkei) returns over 30 years.

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  15. numbersgame

    ARTH Arch Therapeutics

    They had to withdraw their first submission in January because:

    “Unfortunately, the FDA requested certain additional information that was not feasible to provide within the congressionally mandated MDUFA”

    I’d want to know *what* questions they couldn’t answer and *why* they couldn’t answer them before investing a dime. Did they not do full reseach? Are their risks in using their product that weren’t fully defined?

    I predict that this time they WILL get FDA approval, and the stock WILL spike, and it WILL be a good shorting opportunity. Maybe not the next “Theranos,” but stills sounds shady to me.

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  16. awanka

    Ah, Mr. Fly. Are we on the brink of annihilation here? The hairs on my hide are standing on end.

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