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
23,472 Blog Posts

“The Fly” Wins Again

I just wanted to take this opportunity to remind all of you ball jugglers out there that Le Fly (properly known in France) has conquered you, yet again. I am Rome: you are Gaul. I am Japan: you are China. I am the North: you are the south.

Many months ago, these halls were peppered with donut hole makers who tried to besmirch my good name by questioning my winship and market hand. Several months later and many basis points to the upside and I am now enslaving your women and salting your lands.

See, it’s always a losers gambit to bet against me. Ultimately, “The Fly” wins because that’s what he was meant to do. While some of you enjoy a rather relaxed middle to upper class lifestyle, it is done without decorum or regard for the traditions that has made this country magnanimous. Therefore, said lifestyle is declared “null and void” by society.

I’m going long a certain “penny stock” in the morning and will see to it that it becomes a winner.

Stay tuned, tit fondlers; the winship has just begun.

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“The Fly’s” Lab is Fully Operational

Aside from the sublime algorithmic fortune telling taking place inside of The PPT, I stumbled upon a new discovery, one which has allotted my purse (no homo) with a sizable amount of coin–these past few weeks. Recent winners include NAK, TC, CVO, ANR, YOKU*, KIOR*, OCLR* and ACI*. The winship has been plentiful, at a high percentage clip, alarming me to take notice and trade said names with feverish rapacity.

Today’s picks include APOL,SEED, TW, DNDN, NTLS, PAY, just to name a few.

The very essence of this screen is to search though 4,000+ stocks for a certain geometrical pattern that often leads to explosive moves to the upside. Clearly, this is not the holy grail; but it is an edge. Being a member of the higher echelon of successful Wall Street alumni, I can tell you with sterling certainty that having “an edge” is all one really needs in this business. With a little luck and hard work, you too can make a living out of buying and selling letters in the alphabet.

As a matter of fact, for years, my eldest son used to believe his Father “bought and sold letters of the alphabet.” When he’d ask me what I did for a living, I’d simply respond to my young child “Daddy, mind you, buys and sells letters from the alphabet. Now go eat your porridge.”

* denotes lack of participation

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Patiently Waiting for Action

I’m moving on up, you jive turkey mother llamas.

My NAK is on the move higher. Frankly, I am encouraged by that Romney video, where he actually speaks candidly about the welfare state we live in and how Obama panders to them. If he is going to win, he needs to be bold, create excitement through plain speaking, not political talking points. If Romney goes up in the polls, it will be viewed positively for NAK, given the outside chance that a Romney victory will mean an easier EPA. With an easier EPA, NAK might be able to mine the 3rd largest copper mine in the world.

All of my other stocks are about flat, with DDD being the outlier to the downside. After losing 2% in yesterday’s homosexual trade, I was hoping to regain some lost coin today. Hence, I bought some IDTI and JIVE in order to try something different. JIVE is more of a momo trade than IDTI, however. I intend on buying IDTI over the next 3 months, as I am keenly interested in their “wireless charger” technology.

MCK and ATML are my #1 and #2 positions by size. I need those horsefuckers to trade up, if I am going to have any fun today.

By the way, I was elated to read about some Pakistani, would-be suicide vest bomber, die from the toxic fumes that emanated from the American flag he burned. How funny is that? That will learn them quite nicely for fucking with our flag.

In other news, I have several irons in the fire that need to be dealt with. It looks like a slow session, with marginal bias to the upside.

The market is waiting for something to happen.

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GO GET SOME $VXX TITS

If you don’t like this tape, you are more than welcomed to play the volatility game via VXX or TVIX. I know some of you bearshitters think the market is rich. I happen to agree with you. So why don’t you buy some VXX then?

I’m still waiting to buy a few names–but the market weakness is holding me back. If we firm up, I may start positions in JIVE and IDTI. One of my favorite October seasonality stocks, FFIV, has already broken out to the upside, leaving me stupid, staring at its share price go higher.

Regardless, one must remember that this market has a bid. Such a bid might present itself 5% lower, or maybe even 10%. But rest assured, as sure as I am sitting here, eventually this market will make new highs.

The trading is thin and the people in the market are ignorant. My approach to this market is simple: buy the dips and take profits quickly. The big bets should be made from November to January, not now.

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Is There Any Doubt?

You’d be glad to know Mrs. Fly has upped the ante and is now spending at a $2k per day clip, on gratuities, things of that nature. I’ve been put back in touch with my old partner. Any of you fucktards remember Broker B? I can’t remember the reason why we stopped talking to each other. It’s been such a long time–the details are foggy to me. However, I’m glad to see he is doing well.

One subject that isn’t broached on this site is failure. I like to keep the ball rolling and work towards progress. However, being the generous person that I am in the “year of generosity”, I am willing to hear about your trials and tribulations, if only for a brief period of time. Believe me when I tell you, I’ve crawled from the depths of hell, burned by the fires of failure, before I got to a comfortable space. The business of money management is an arduous one. Most try and fail.

I’ve been sitting here thinking about the market and how amazing it is to see it at new highs, despite a struggling economy. The economy has a distinct feeling of sloth, stuck in the amber of a post-apocalypic failure that wasn’t allowed to die, that now lives as a faux bull market buoyed only and explicitly by counterfeit money.

The Federal Reserve has your back, gentlemen. Don’t you ever fucking forget that.

Nevertheless, only miscreants and arch fiends go all in on anything. You’re not Andrew Carnegie you fucking moron. Take it easy, limit your position sizes to 20% and live to fight another day.

The very best of the market is in front of us. Before you know it, the Turkey Gods will present themselves to us, splendidly pecking away at the competition because they are bears. After that is “The Santa Claus Rally”, an experience designed to offer full joy and bliss to any smart investor. For fucks sake, 2012 is going to end with guns blazing–putting immense amounts of coin into our already deep pockets.

Don’t blow it by doing anything stupid.

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Not Feeling It

The market is too melancholy for me to dive in. I have about 15% in cash, waiting to be deployed. But the overall tone of the market is drab. If there isn’t any momentum, then there must be carnage. Since there is neither, the market is in no man’s land, a risk to both buyers and sellers. Therefore, I’ve decided to sit tight and wait for a better opportunity.

All day long I’ve been dealing with the slow drip, death march of sorts, of my stocks trading lower. These little cocksuckers were looking so “dreamy” on Friday and now they’re little nightmares. NFLX is getting hit on rumors that certain networks will not sign content deals with them, due this Friday. However, that’s a bunch of HORSESHIT and the stock is being abused like an altar boy for no good reason.

Other than that, I am receiving “standard” clubs to the skull in ATML, PPC, MCK, ESRX and DDD. However, it’s worth noting, I am taking an especially large clubbing to the brain in AKS, a proverbial “fucktard” of a company if I ever knew one.

As much as I like to tell myself “Fly, chill out. You’re up 34% and your cock is swinging low”– it doesn’t work! I’m obsessed with price and hate when my stocks trade lower. I need to see progress all the time, else I become morbidly miserable. Should these stocks piss me off anymore, I will sell them all and start anew. I will not say “that’s how I roll” because idiots say that. Instead, I cordially inform you that I am a master of artistic habit, which entails seeing things flow in a certain, mathematically perfect, way. Anything less than sublime is simply inferior to my standards.

All new buys have been halted (no Nazi) until this tape improves.

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Weakness Should Be Bought

There will be losers during the QE-unlimited era. However, if you have a good mind for this sort of thing, you should do well. My plans are constantly changing, with regards to stocks that I am willing to buy. Inside of The PPT, I am fixed on just one screen: Fly’s laboratory. It is spitting out winner after winner, characteristic with the time machine apparatus that it is!

Without QE, I am seller of stocks, entirely uninterested in dealing with the September-October months, traditionally onerous to long only players. But with QE, the Federal Reserve is bidding under the market, explicitly, hell bent on seeing asset prices rise. Having said that, a double entendre presents itself. The very fact that stocks “cannot go lower” and “everything should be bought” is inherently bearish for stocks. The moment faith is shaken, stocks will be beaten, soundly, like fools caught stealing from the mafia.

You should be on guard for such occurrences.

With today’s set-back, I am up 34% for the year, a fine showing for a gentleman of my status and stature. Furthermore, just now, I’ve decided to forgo caution and start a new position in a name I’ve referenced before.

Developing…

http://www.youtube.com/watch?v=aYsbk4CwZTE

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Goyim Profit Taking

All of the hot “china plays” are cooling off today, starting with coal. I sold out of my ANR, after just one day, because the industry is still impaired. Having said that, employees of NFLX should all get handicap parking access–because that company is fucking retarded. Nevertheless, I am still holding.

I have a few fresh ideas, like TTI, IDTI and GNTX. But I think today is a “do-nothing” day, designed to make me wait for stocks to come down. We have months of upside in this market and lots of skeptics out there, even after QE1 and QE2 success. Let the bears have a day or two, shorting stocks like chocolate eating gluttons. We will slaughter them all and dance on their dead skeletons.

The market is correct and the assholes on the teevee are goat-fuckers.

I am down 1.5% as I type this, complacent (no VXX), at peace with myself knowing that “The Bearded Clam” has my back.

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PUBLIC PARTICIPATION REQUIRED: Bullish or Bearish?

I am going old school on you wheeled chaired motherfuckers. Are you bullish or bearish? Answer the fucking question and don’t think twice about it.



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