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

Market Closed Down: I Won Again

This is getting boring. It’s like punching the face of an idiot tied to a pole. After the first 20 or so punches, it starts to get tedious and also messy. I desire hardship. I was raised in the sewers of Brooklyn and require adversity in order to fight harder. If I were to simply live out my days in this manner, I’d get soft (extra Stay Puff) and barely kick any old men in wheeled chairs down idle manholes.

I like biotech and tech. I love HDP and cannot wait for Cramer to hop on board the fucking gravy train, as he always does. I prefer biotech with market caps over 1.5 billion, due to liquidity. And, I have a feeling this market might trade down soon.

You’re probably wondering if the market is set to decline, why in the fuck is Fly buying?

Because I give zero fucks and I already told you how my blood flows: very, very hot.

I made 0.55% for the day.

Top picks: AGIO, N, FEYE, HDP, SHORT GOLD via DUST

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Honey Badger Flow: MOAR Buys

I added to both HDP and ALKS, because when looking at my portfolios from the corner of my eye, I saw a little cash lying around. I corrected that in short order.

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“The Fly” is Back!

Pardon this mornings threats of violence against your person. I had things to do and felt as if the blog hampered me from achieving unparalleled greatness. Now that my chores have been completed (extra Sheryl Sandburg), I welcome all of you apes back into the fold and bosom (pause) of iBankCoin.

In case you’re wondering if the rumors are true, yes they are. I am indeud drinking a slimy mugged filled with bullet proof coffee right now, mixed with the greasiest coconut oil the world has ever known. I am also up 0.8% for the day, which places me at the apex for 2015 of +26.5%.

I outstrip you.

My top 5 positions are…

Fuck you. Join the league of gentlemen of Exodus and find out.

Good day to you, from Princeton, NJ, where the air is brisk and people intelligent.

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Leave Me Alone. Go Away

Stop coming to this fucking site, looking for free stock advice. You peanut vendors ought to partake in a little “zero-hedging” and fuck off, so that I can be in peace here. There are too many of you pestering me for information.

I am sure the market is going to trade up or down today. Some of you will be ruined, others attain a false sense of security. You’ll go out there, in the cold cold world, and purchase a new car and some nonsense for your girlfriend. In exactly one year from now you’ll be on the street panhandling again.

Look, I don’t have time for this shit. “The Fly” is a very busy man and he has things to do. Go over to Twitter and play with the catamites and the fiends, or else I’ll shoot you with my Orbital Space Cannon (OSC).

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SACRIFICES WILL BE MADE

Commodities are back into the sewer pipes, as predicted. I did warn you to stop playing with them oil barrels. Right now you need to be very vigilant with your positions, mindful of rapid rotation. Consider the fact that oil might start heading lower again and remember what did well last go around.

That’s right: restaurants.

Don’t even mention SHAK. The fuck.

However, there are other names to play now. I am still long HABT, but will not add up here. I am thinking about buying DIN (panned cakes) and the poor man’s burrito JACK, and possibly PNRA. Casual dining will work well through the summer months, especially if oil trades lower.

I want to fade gold and silver all day long. And, I want to be selective with biotech. I gravitate towards bigger cap biotech, due to liquidity concerns. I just sold out of ADRO. It wasn’t working. I bought more CYBR and started a new position in ALKS. I will not permit any loss to be greater than 10%.

I am flat for the day and I am sensing a shift in the character of this bull tape. Therefore, I am going to sacrifice 10,000 goats to ensure that the will of “The Fly” is fulfilled. I must have my way and often, as you readily know.

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AND THEN THE GOLD BULLS WERE TURNED INTO DUST

You knew this post was coming. Quit hiding from underneath your desks, lads, and take what I am about to give you like a man.

Last week, I being part of the Exodus cognoscenti, alerted the unwashed crass masses here at iBankCoin to an OVERBOUGHT flag on 3x gold ETF NUGT. The following day the 3x gold short ETF, DUST, flagged OVERSOLD. I told you of that too, accompanied by the algorithms track record. Immediately afterwards, you assaulted The Option Addict’s blog, most likely out of fear of me, with wanton insults upon my person. The lot of you screamed like devils, less than animals, pertaining to a “new bull market in gold” and how The Fly “and his stupid fucking algorithms” were going to burn in the fires of 10,000 hells.

Well, well, well, what do you have here?

gold

Good Sir, you’ve been dispatched, yet again. It’s time to retire off the rocks of Transylvania and live a splendid life, sustaining on an all bat diet. I cannot couch your idiotic behavior any longer. You are a great stain upon these hallowed halls. Only gentlemen of “extreme measure and tenacity” are permitted to park their canes here. Might I suggest you venture off to lesser locales?

dust2

The Fly Wins Again.

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Rolling Higher

Futures have tempered earlier exuberance, following some stronger than expected economic data. Europe is very strong and the wall of worry is very short now. Of course we are overdue a pullback. Nothing lasts forever, except Orbital Space Cannons (OSC).

I still like biotech here. This morning the CEO of ONCE was on CNBC and talked about their cure for blindness, using gene therapy. We are living in an amazing era of technological advancement, yet some of you bedlamites are buying gold–like a fucking caved man– circa 10,000 BC.

Listen to me: you’re gonna get slapped in the face with a stockwhip, buying gold and silver here.

I want to own several biotechs long term, most of which I’ve already talked about. I missed my shot to buy ESPR. God willing, I’ll be able to buy it on a dip.

I still have some cash on the sidelines and will be looking to allocate it before 11am.

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PUNCHING EYEBROWS OFF SINCE 1976

You clam-digging tree fuckers don’t deserve to read this blog anymore. I demand that you close out your browser and go back to your pornography, self-serving dogs (pun intended).

I made 0.9% today, as AGIO continues to place short sellers upon the gibbet, putting them on the old rope ride.

What else do you want me to do, short of coming to your place of business, punching your face retarded, break down your anatomy, forcing you to buy stocks?

We’re going higher.

If you don’t listen to me this is what’s going to happen. Ready?

Your wife is gonna divorce you for becoming poor. There isn’t a such thing as ‘true love’, only levels of comfort. Is she comfortable now with your income level and net worth? I bet she is. But, if you start acting sideways, betting against men in fucking time machines, all of your money will become mine–permitting me to open harems and shit–change my religion in order to take on 4 wives. All the while, your one dog of a wife will exit stage left and leave your broke ass, disheveled, in a heap of bankruptcy papers– all because you didn’t listen to “The Fly” on May 18th, 2015.

https://www.youtube.com/watch?v=6AhXSoKa8xw

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I AM LONG HACKERS

I just added CYBR to my league of stocks that I am long. This stock is a fine accent to my FEYE position. While some of you might think Fly is long software security through these two names, you’re wrong.

What I am actually long is heinous data theft crimes to run rampant, like bullets over Chicago, over the next 12 months. We are just entering this era of globalized data sharing capabilities. I believe hackers will find a way to ruin it, or die trying.

This is a testament to man, a vile and corrupt creature, better suited for the front lines in a shooting gallery than to be in a chair, idle, amongst friends.

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