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
20,688 Blog Posts

Fuck You Shorts; You’re Dead

I’m going to play devils advocate for a “v-shaped recovery,” albeit only on the internets.

Look you, the short interest ratio’s are through the roof. Everyone from NYC to Kalamazoo is buying inverse ETF’s, hoping for swift, yet certain, armageddon.

Let’s consider a few things:

-Banks will likely write off whatever they can, from now until 12/31/07, in order to preserve their PE ratio’s for 2008, if possible.

-Many stocks are way oversold and are due for a bounce.

-Greasy turkey leg day is near, typically a great time to be long.

-For the most part, the economy is doing well.

In short, there is a very good chance we will never go below 13,000 DOW, ever– providing the bulls man up and put the hot blade to the shorts.

As you already know, “The Fly” is not calling for a “v-shaped recovery” yet. However, it’s worth mentioning, betting against highly caffeinated, well tanned, bulls has been of heck of a bad bet, consistently, over the past 5 years.

NOTE: With oil tanking, stocks have a catalyst to run, especially retail.

NOTE II: I feel tomorrow is a key day for the near term direction of the market. Should the bulls mount another rally, the shorts are indeed dead.

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50 comments

  1. newequity

    good time to grab some FXP(down $13) to hedge.

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  2. The Fly

    Fuck you.

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  3. Alvari40

    Can you say Dow +400 for the day?

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  4. WildWestie

    Whatsup with DUG? Oil down 3.70, yet DUG down 0.12
    This should be flying higher.

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  5. malt liquor Bull

    I dont know about all that v-shaped shit but bulls do need to MAN THE FUCK UP! Im bored as hell and down to 3 sips of Bushmills,fucking shorts……….fucking hate you.

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  6. CubsRock

    I don’t know about + 400 dow. I was watching the dow closely all day. It took 4 tries break yesterdays high, the final one being on a pullback run up. I’ll be happy as long as be stay above 13,170.

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  7. The Fly

    Dow will be up 700, by the close.

    Odd no?

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  8. Dinosaur Trader

    Cramer says 3 day rally and then sell… he’s always right.

    -DT

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  9. Woodshedder

    I’d like to point out that the 3 cocksuckers, AAPL, GOOG, and RIMM, have not made new highs since around noon.

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  10. The Fly

    Your point?

    Wow Wood, that was gay.

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  11. CapitalGame

    We need to see this before the market bottoms

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  12. rockain'tdeadyet

    WildW:

    DUG corresponds to twice the inverse of the Dow Jones US Oil & Gas Index. Thus, it is heavily weighted towards large cap oil stocks, namely XOM, CVX, and COP. As they are in fact up on the day, your “mystery” has been solved.

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  13. Woodshedder

    Oh, okay, a point.

    I expected with the Nasdaq powering forward to see those 3 also near the HOD. I’m just looking for any signs of strength or weakness, or divergence.

    Actually, right after I wrote that, RIMM jumped up.

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  14. Alvari40

    Capital,

    I heard Greenspan say something recently called “Irrational Exuberance” – isn’t that funny!? Have you heard that before? Wow – get with the CURRENT program buddy.

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  15. Paul Wurt

    More [email protected]#([email protected](#@

    (You are posting comments too quickly. Slow down.)

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  16. hog

    vmi is very gay acting. wtf is up with it am I missing something? profit taking?

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  17. CapitalGame

    “Capital,

    I heard Greenspan say something recently called “Irrational Exuberance” – isn’t that funny!? Have you heard that before? Wow – get with the CURRENT program buddy.”

    WTF is that s’posed to mean ? I post a link to a Youtube video of Cramer going bananas asking for a rate cut and I’m being accused of ‘irrational exuberence’ ?

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  18. CapitalGame

    And ETrade ETFC breaks above $5. Can you say 40%+ gain in 24 hours.

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  19. Woodshedder

    Nevermind those pesky pending home sales…

    Boy, the street liked that news!

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  20. gappingandyapping

    EMC really looks good here.

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  21. Jake Gint

    If the cubes keep “candling” my balls like this, I won’t have to see that urologist about that vasectomy.

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  22. Razorback

    Options expiration week never fails to go the other way of the herd.

    Just the other day, the VIX was over 30. All of those shorts and long hedgers purchasing puts to profit and protect from the downside.

    Then comes Options Expiration comes along to erode the value of those puts.

    That’s the beauty of the market.

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  23. kmorph

    Anybody lightening up here?

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  24. Tony

    Fly,

    I might ponder buying some of your gay apparel if it were cheaper. I still probably would not buy it but are you pretending your Armani or something? wtf.

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  25. Employee8

    With oil tanking and shorts squeezed, anyone buying JBLU here?

    FLY: You still have a position in TBL? …. CRI or GYMB?

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  26. Woodshedder

    Razor, it is a beautiful symmetry. Once I find my way to the right side of it, it will be even better!

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  27. The Fly

    Tony:

    I got a $10 mark up on all the low end shit. As you know, the whole clothing scheme was Wood’s idea.

    I’ll lower the prices. No big fucking deal.

    Still long TBL and GYMB–retard style.

    Thinking about selling something.

    Fuck you, shorts.

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  28. Woodshedder

    Fly, if these pikers can’t afford this slice of American cultism, fuck em. I say you raise prices.

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  29. Tony

    Wood,

    Your mother reeks of Bukkake.

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  30. The Fly

    BUY MY GEAR!!!

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  31. Woodshedder

    Tony, I’m not the one complaining about spending fricking 20 bucks.

    Quit accepting those collect calls from your Daddy in prison and you’ll scrape up enough for a t-shirt real soon.

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  32. Tony

    Wood,

    Just an opinion… If the shirts were dropped by 5-8 bucks, fly may see an increase in sales. If they are selling fine as is then great.
    My mother calls me collect as well.

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  33. mrkcbill

    Tony– Wow…. I never stop learning.

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  34. Razorback

    Broker –

    Don’t go all corporate on us and lose your edge.

    If your past self time-traveled to the present and saw this hat for sale on your site, you’d kick your own ass.

    http://www.cafepress.com/ibank.181373926

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  35. The Fly

    Hey, considering my current sales are at zero, I think Tony is correct.

    Odd no?

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  36. The Fly

    Razor:

    A few things:

    In real life, “The Fly” is a corporate guy, albeit a little jumpy.

    All of the “gear” is a fucking joke.

    You don’t think I take this shit serious, do you?

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  37. Bozo

    Can someone please fucking tell me why something so under-fucking-valued as AFSI keeps going the fuck down?

    It’s growing like a pronstars dick!!

    http://tinyurl.com/2ql3y4

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  38. Bison Burger

    Shorted TA this morning. Haven’t covered yet. Still plenty of stocks getting flushed daily.

    Odd no?

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  39. Woodshedder

    Tony, good enough. Seems as if you are right anyway. I guess since the clothing was “wood’s idea,” I guess I’m gonna have to talk to The Fly about my cut.

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  40. Fly Swatter

    Clothing sales are expected to be 50% of Fly’s revenue.

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  41. Razorback

    “You don’t think I take this shit serious, do you?”

    Of course not, but that hat is so bad, it begs to be ridiculed.

    Instead of “ibankcoin.com” on the front of the hat, it should say something like “ASS hat” with a picture of Herb Greenberg, a burnt piece of toast, or Bob Pasani.

    Now that is building your brand.

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  42. CapitalGame

    Fuck this retail shit Fly. You need to keep up with times. Americans are broke. They need money. Start a loan shark business on the side. You know, like lending money starting at 10% interest per week. People don’t pay up, you can melt them with a laser beam ( or show up unannounced at their home with Tony, Frank and a baseball bat). I’m sure you can average better than a 40% return per year.

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  43. mrkcbill

    Razor–that is good

    I’m in for an ASS HAT

    Get on it Money Skater.

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  44. Juju bear

    The market will give this all back tomorrow. Watch and learn, fuckers.

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  45. Alvari40

    Juju bear –

    You will be our Sad Sack Shorty Bitch from here on out. We needed a whipping boy and it looks like we found it. You, my friend, are the wall-o-worry that we have been looking for. We will climb you and pummel you to a dusty pulp that will blow away in the wind. Think I am rude and crel? Naw, just like any other big balled bull I am feeling rejuvinated and will roar to life over the next couple of weeks. We will leave you wondering why you peed your pants.

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  46. Alvari40

    Yeah, yeah, I was too excited to spell check. Get on with your life.

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  47. cigars3

    You thought MVIS was gay?

    VMI is the Chief Lilter and official Queer Baton Twirler in the San Franciso gay pride parade. down .50 on 300+ dow day. WTF?

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  48. Juju bear

    Alv40

    The market shit is bigger than your bullish hopes. We’re going down again, torreador fucker.

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  49. jjmackenzie

    Fuck your shit Fly you suck dog balls
    you turgid pricks should go to facebook if you want social networking
    stick to the salient points or fuck off you self-agrandizing morons

    Maybe I should have used caps to insure you get the point. I like the potential for your site, but can’t be bothered with wasting time reading useless posts…

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