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
23,432 Blog Posts

Fuck the Horsemen; We’re Going Higher

Trust me, being long RIMM, AAPL and other fun stocks, makes “The Fly” want to punch his trader/servant in the neck–a few dozen times.

However, understand what is going on, before making classic uneducated gambles.

Money managers are selling the high fliers, for a variety of reasons. You’ve got margin calls, redemption concerns and plain ol’ fashioned profit taking.

Understand something: your average money manager has the IQ of a small beetle. He knows nothing but price action, unable to decipher cheap from expensive, cool from Ducati.

Additionally, the hot tech money is finding a home in many beaten down sectors, especially retail.

The bottom line: should the nasdaq rally from here, do you really think it will leave RIMM, AAPL, GOOG, GRMN and VMW in the dust?

Exactly.

Right now, I am enjoying the bullish behavior of XFML, ahead of earnings tomorrow.

Also, assuming the oil fuckers rally again, UPL appears to be on sale.

Developing…

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47 comments

  1. Juice

    i think this is all EFTC clients liquidating the internet portfolios

    what else could explain all hot stocks be getting detesticled?

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  2. Juice

    maybe this new site ain’t so bad … afterall

    jog on

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  3. mrkcbill

    Everybody rearranging the furniture. Trying to prepare for the next “H Hammer”.

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  4. The Fly

    The new site will own.

    You’ll see.

    All of the complaints you guys are giving me will be taken into consideration, then discounted for “low IQ banter.”

    Developing…

    BTW: All of the content on this site will be disseminated via Goog News.

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  5. Danny

    My grade school teachers always said I’d make the news, now I do. Shows them

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  6. Juice

    the PPT is on vacation .. or liquidating their Etrade acct

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  7. kmorph

    Is it just me or the blog column width is too narrow? Or is everyone still stuck in 20th centry with 15″ monitors?

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  8. Juice

    can you imagine where the market will be if Cramer is right about 500 billion lost to subprime vs the current 40 billion owned up to?

    viz

    jog on

    fuck !

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  9. Juice

    why is brka up on the day & within a whisker of new highs?

    you telling me warren had no subprime or momo stocks?

    whats with that guy?

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  10. The Zombie

    I’ll buy some serious QID so we can rally big.
    This new site rocks ass!
    The Fly is God

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  11. Juice

    zombie off suicide code red ?

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  12. mrkcbill

    I look at it this way – Broker A- just tore down the Boston Garden–now he’s playing at Lazard Arena with plenty of FREE parking in the suburbs.
    It’s better. No

    Danny– great video by the way. Do you now know Fly’s identity … or is it a loose affiliation of emails and PayPal addresses.

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  13. newequity

    kmorph…
    It is narrow. Only fills up 2/3 of my screen on the left side. Not sure how to fix it though.

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  14. CubsRock

    Are you shittin me. No one is selling WMW at this price, it can only be shorts.

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  15. JohnnyBlago

    Is Tolkman grooming Microvision for a takeover by GE?

    from Ben’s Blog:
    “Besides startups, established players such as General Electric are ramping up their MEMS manufacturing capabilities. For instance, GE already claims a $1 billion in-house MEMS operation, and is developing a wide variety of new MEMS devices, according to Brian Wirth, GE’s global product manager for MEMS, microstructures and nanotechnologies.”

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  16. broken A

    any of you fuckers care to give year-end price targets on the horsemen????

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  17. JakeGint

    Look at that… self-commenting software!

    Fancy!

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  18. JakeGint

    Speaking of “fancy,” I may have to take back my plaudits on the new ad buys if I have to look at that fancy boy Bowflex ad anymore.

    Don’t they have a Bowflex ad with a babe? Order that one.

    (Jeremy may have inadvertantly checked the “phag” box whilst filling out the adware forms… developing.)

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  19. JakeGint

    LOL! There’s the Bowflex babe ad, afterall… it’s just up top, where one is less likley to look, thanks to the mesmerizing Merrill bull statuette.

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  20. The Fly

    Something about ORCL getting in VMW’s space.

    That stock just stir fried my balls.

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  21. The Zombie

    The Zombie Suicide Alert Level reduced to Orange

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  22. HORNDOG

    I’ve discovered the secret to enjoying the new site is to bookmark http://www.ibankcoin.com/flyblog/, etc, directly, thus avoiding the confusing “my first web site” design on the front page.

    Actually the front page would be perfect if the word “HOT!” next to “OFFICIAL merchandise” had animated flames. That would really “move product”. Have your people look into that.

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  23. cheesefried

    I like the new place broker.

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  24. Revelation

    Just ditch the 800×600 resolution goal and make the dang thing wider.

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  25. Revelation

    Wide like BWLD patrons? 🙂

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  26. mrkcbill

    HD–RLL..

    I agree with flyblog–the old and new.

    I just saw Garth Brooks at the new Sprint Center in KC (don’t ask…Free ticks and suite etc..)
    Fly now has more merchandise for sale than Garth Brooks…

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  27. Juice

    site suggestion : blog title should change fm ibankcoin to idebankcoin depending on banking or debankage

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  28. The Fly

    Horn:

    Thanks for the advice. I’ll look into that.

    In all earnest, “The Fly” loves the look of the front page, mainly because he is able to absorb vast amounts of information–without getting confused.

    Additionally, I’ll have you know, the programmer of this site is top notch or “much smarter than you.”

    The “busy” design is my creation, which will manifest itself, via hypnotizing you with Viz. sleeveless shirts, and destroy all of you fuckhead bloggers.

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  29. Revelation

    Busy – fine.

    Narrow – 3rd tier?

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  30. Juice

    I’m gonna refinance my subprime financed house & roll it over into stocks for a turnaround tuesday

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  31. CapitalGame

    Fly,

    Spend more time focusing on your stock selection and market analysis and less time on this website. Go back and find the date that you started focusing on this new website/blog and go and compare it to your trading returns and I’m sure you’ll see a huge correlation . In the HF industry they call it the Red Ferrari syndrome. This website has become your Red Ferrari and you’ve lost focus on finding and dissecting good stock picks.

    Oh yes, and go fuck yourself in advance.

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  32. ottnott

    You’ll need to start working on a backup front page design.

    The lawyers for Weekly World News are gonna send Bat Boy over to peel your face for copying the business of their front page.

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  33. ottnott

    …the busyness of their front page.

    And give us comment preview or edit capabilities or I’m going to demand a full refund of my subscription payment.

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  34. The Fly

    Sure, blame me for the market disaster.

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  35. kmorph

    Once again, the worst scenario close. WTF is going on?!

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  36. Juice

    trap door opens

    whoosh

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  37. JakeGint

    Morph, it’s time to short, that’s all.

    It’s quite fun, try some.

    I’m currently enjoying AKAM piercing it’s 38% fib line like a Goth getting a tongue stud.

    Watch it descend to 34 fitty in no time.

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  38. newequity

    The big boys are sucking in the retail in the mornings, this market is about to fall hard.

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  39. JakeGint

    Oh, and please tell Mr. Bilderburger that I’m shorting his JP Morgan again (first time on Friday).

    Tell him “The Beast from Jekyll Island be Damned!”

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  40. CapitalGame

    Sitting 40% in cash at the close. I can’t short because I expect a bounce. I can’t go long because things look too ugly. If we can’t rally in November this bull market is over.

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  41. Woodshedder

    Capital, that indecision you speak of is what causes market crashes. No one buys, and no one is shorting, so again, no one is buying.

    I feel the same way.

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  42. Revelation

    Ominous indeed.

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  43. JakeGint

    Well I’m shorting.

    More.

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  44. Aris

    short is the new long.

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  45. broken A

    JAKE – There’s no self-commenting software here….I’m broken A, not broker A…..put on your grandmother’s fucktacles and observe the single-character difference

    and i’m truly broken after GOOG, AAPL and RIMM got fucked by a horse

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  46. Bill aka NO DooDahs!

    Sheesh, all this self-promotion and selling ads and ancillary products on the site …

    Did TIMMY! Sykes make you his bitch?

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