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
23,428 Blog Posts

Death to ETFC; Market Rally Underway

I must admit, being a full service type of guy, I despise those filthy hatfuckers at ETFC.

Sure, they’ll let you do cheap trades, until those assholes file bankruptcy–leaving your bullshit brokerage accounts in escrow.

Look you, if you are stupid enough to have 7 figures in an E-Trade account, I strongly suggest taking it out, just in case.

However, it’s worth noting, the stock may bounce from here–especially on a short squeeze.

As a result of ETFC‘s asshattery, SCHW and AMTD are picking up the pieces, via stellar price action. After all, should ETFC die, those fuckers benefit.

As of now, the rally is being led by airlines, homies, retail and trannies.

If I was going to throw dice at a sector, for a trade, I’d look to retail, ahead of “credit card season.”

Within the group, I like JCG, SKX, COH and JWN.

Also, as “fat fucker day” arrives (Thanks Giving), food and beverage stocks may run.

There, I like WBD, WFMI, KR and HANS on a pullback.

If you are looking to play the restaurant sector, BWLD and MSSR look cheap.

Finally, the tech sector is not doing too well, with BIDU, RIMM and GOOG  in the red. My guess, investors are selling expensive names and going bargain shopping, which ironically is creating a bargain in tech.

Right here, I like FMCN, RIMM, VMW and LFT.

However, it’s worth mentioning, “The Fly” will not buy anything today. I bought lots of shit last week, in the midst of the “inferno of fun.” For now, I’ll be waiting for a short killing rally, while eating this here bowl of oatmeal.

NOTE: Ever since that LFT (Longtop Financial) shit came public, the market has been in the shit box. An ominous name, indeed.

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21 comments

  1. dinosaurtrader

    No more blogroll? Listen, if I can’t siphon off 4 or 5 clicks a day from your blogroll, my blog will shrivel up and blow away. That’s more than half my traffic…

    -DT

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  2. tehdrunky

    what about mrt?

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  3. CapitalGame

    The banking index has hit some kind of support. We will probably get a 5 % bounce here in the S&P over the coming week and a half. Go do some research on what i just said because I am too lazy to do so and I have a more advanced calculator brain than the one that calls himself the ‘Fly’. Therefore I don’t need to do research. I just know things. They sort of appear to me kinda of like how God speaks to GWB.

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  4. The Fly

    DT:

    Blog roll is on my page, click on header.

    Also, Mr. T is still on the front page, bottom.

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  5. Dinosaur Trader

    Oh, got it. Listen, perhaps the name of my blog should be in a slightly larger font than all the other blogs.

    Just a thought.

    -DT

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  6. JakeGint

    You are on the main page, Hatful of Ass

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  7. TraderCaddy

    Don’t forget IBKR for the more sophisticated customer which probably includes the Brown & Co. person who got merged into ETFC.

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  8. JakeGint

    Why so old feckers can read it better?

    Do you have one of those cell phones with the gigantass numbers and the emergency relief alert buttons on them?

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  9. JakeGint

    Any thoughts on TRAD?

    I made some dough on that last year, but then it dropped and I got out.

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  10. The Fly

    lol Jake

    Chinese lotto stocks getting drop out of airplanes, with no chute.

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  11. The Fly

    Fuck TRAD.

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  12. gappingandyapping

    Any of you who have been following my recos know today is looking good. Not only has iBankcoin IPO’d but my 3 biggest holdings are chopping cocks off. JCG, MVIS, C in order of holding value. 50k-125k+ in each.

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  13. Dinosaur Trader

    Jake,

    I’m just trying to get in position to make my millions on the internet.

    Meanwhile, that’s the first time I’ve ever seen “the Fly” use the internet shorthand, “lol.” Cut that shit out Broker, you sound like Ragin.

    -DT

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  14. The Fly

    Good point dt.

    It wasn’t me. It was an impostor.

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  15. walstinvestor

    test

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  16. Juice

    all previous market leaders are getting taken out back to the woodshedder, where mustaches are being unceremoniously torn from their follicles, all at once, with duct tape

    when that misfortune is complete, they are moving to the gonadial region to commence with said follicle removal

    if you still have a weiner, exsqueeze me, a winner, nail it down & sell the fuck out of it whilst you still have fur down there

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  17. JakeGint

    Gaps and Yaps, were you so good with INAPs we’d be just as haps.

    Meanwhile, take your insulin with Schitty, as it’s Craps.

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  18. Black Swan

    i Bank Coin dot com
    To the marriage of true minds
    Bears are cocksuckers

    ~Haiku Dude

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  19. ottnott

    Cool. A new site.

    Sorry to hear that your first choice of URL, iTouchMyself.com was taken.

    Heh.

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  20. Garyjoe

    Fly was hot on the XFML and no mention lately. Any prospect for them after Ron stole insiders shares at $3?

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  21. The Fly

    Their cost is 6.

    ADS conversion. That article you read was typed by a retarded monkey.

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