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
23,460 Blog Posts

Away from Le Office

I don’t give a shit about stocks today. I’ve decided to live the life of leisure I was born to lead– at least for today.

What is Le Fly doing on such a Tuesday afternoon, in the midst of a gorilla raping rally?

So sorry, that’s classified.

But feel comfort in knowing that he is enjoying the fruits of his labour and–thoroughly–comporting himself, graciously, in victory, just as effortlessly as he comports himself in defeat.

If I cared, I’d advise you to lead similar lives, sucking off the silver chalice of defeat with equanimity; but I couldn’t care less, so the whole lot of you can bugger off and slip into cracks of the earth–ending up on milk cartons and shit.

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Take Profits

Listen up frog-faces: we’ve just enjoyed the best three day run of 2015, all the while the cabal of zerohedge sacrificed portfolios all in the name of their satanic cult leader: Bluestar.

It’s important that you know that Exodus nailed the oversold again. Meanwhile, back at the farm, pigs are eating slop and luring in unsuspecting persons of a weaker demeanor into their jars of jam and jelly.

GOOD NEWS EVERYONE: I’ve secured Josh Brown aka Reformed Broker to guest speak at the 2nd annual iBankCoin conference.

The bad news is, if you fuckers don’t start buying tickets now, I am going to have to cancel the event. We will not make money on it and last year almost killed me, dealing with the logistics and stress factor. So, if you’re going to buy a god damned ticket, but haven’t received your welfare check from the government yet, email me to reserve a spot for you: [email protected]. This is for serious inquiries only. If ticket sales do not begin to pick up, I will be refunding everyone who paid, eat large losses, and move on and never, ever organize a conference for you dick-handlers again.

Fucking assholes.

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STILL CHINESE

I bought nefarious car rental agency, EHIC, despite 30% of the Shanghai composite not trading for the past week–because the mood was dour. I am in it for the win, Chinese style, executing the ‘iron lotus’ upon my enemies.

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Cleaning Up the Old Portfolio

I sold out of SEM and CMCM, one for a small loss, the other for a large win.

For the past hour, I’ve tried to find some place for the proceeds. I cannot.

I am stuck in the amber of indecision. With the market already up 200 and everyone circle jerking about the NASDAQ exchange, I think it’s best if I’d refrain from adding into the tape. The prudent move is to lock in gains, clean out the losers, and ride your good stocks forward.

As you know, “The Fly” is a person of extreme prudence and decorum.

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DEAL OR NO DEAL?

It’s very nice to see futures up the way they are. However, need I remind you there is a July 20th bond payment due in Greece and they’ve yet to pass this deal through parliament and the EU has yet to loan them a shilling? I didn’t think so.

It’s very possible that the whole deal falls apart and markets go right back down the toilet bowl.

Or, it’s entirely possible that a deal does get done and the shorts go down the toilet bowl.

These are the choices you have to make before allocating resources to the market. It’s what makes a market.

Personally, I’ve been amused by the Chinese stock market, immensely. Those crazy bastards are full tilt, coked out and strung out– long shit. None of their companies have reliable audited results. It’s a game of smoke and trap doors, amidst shadows and funhouse mirrors–complete and utter shit. Having said that, I hope my CMCM does well today.

ANAC is through the roof because of positive data. This goes to show you, no matter how expensive biotech gets, it can always get a little crazier. We are living during a time of technological breakthrough in both engineering and science. You’d be remiss if you didn’t own at least one biotech pinless hand grenade. Right now my frag weapon of choice is ONCE.

Let’s see how this fucker opens and let’s try to refrain from pre-mature celebratory champagne openings into the faces of bears.

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Saturday Cinema with Le Fly: Letters From Iwo Jima

Twin movies made by Clint Eastwood, Flags of Our Fathers and Letters from Iwo Jima, are hands down the best two world war 2 films next to Saving Private Ryan. In this film, the Japanese perspective of Iwo Jima is examined.

Wars aren’t always fought between heroic Americans and savage creatures from black lagoons. On the other side of the battle, there are human beings with emotions and families and this movie hits it out of the ballpark.

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REPORT CARD TIME, SON

Everyone always asks me, flippantly “how does Exodus do during down markets?”

After I blow my pipe smoke into their eyes, I tell them “our track record is untarnished, a citadel (extra Bernanke) of greatness, a stone forest in a sea of rabble rousers, the truth amidst liars–a sublime harmony of mathematical precision (SHOMP).

Do yourselves a favour and join our ranks.

Exodus

I’ll see you tomorrow when I review another male oriented war film.

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Shorts Crawl Back into Their Respective Holes

I guess they didn’t know their history. Greece is saved. The Nazis have been kicked back into the pandora box and the world is happy again.

Stocks are higher and the biotech business is swirling with rumors, innuendo and crushing the helmets and then skulls of millions of short sellers.

From their volcano base in Hawaii, short sellers are throwing themselves into the active magma–depressed over the specter that the world isn’t ending yet.

The Apple computer corporation, led by its gay CEO–Tim “balls” Cook–are leading the way higher today, trailblazing a raninbow’d path of greatness, leaving evil hedge fund managers who bought puts on him yesterday in tatters.

All of this great things, AND MORE, are happening on this Friday, July 10th, 2015.

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