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
20,692 Blog Posts

The Market Has Bottomed, Again

If “The Fly” had any money left, he’d buy AAPL, RIMM, JCG, VMW, VMI and FMCN.

UPDATE: False alarm. You may resume your regularly scheduled bear raid.

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63 comments

  1. Bison Burger

    The queer is buying some LGBT:
    http://www.youtube.com/watch?v=FvfLE7XxGoo

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  2. Bison Burger

    And TRMP:
    http://www.youtube.com/watch?v=4IrE6FMpai8

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  3. Bison Burger

    Matter of fact, she’s short TRMP.

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  4. Woodshedder

    Fly, I mean this in all seriousness…who keeps buying these dips? Is it just AAPL, RIMM and GOOG holding everything together? I mean I can understand wanting AAPL at this level.

    Do I have an over-inflated sense of bearishness? I mean, you’re not buying much of anything, but obviously many are.

    I’m just trying to get a sense of things…

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  5. Frosty

    FLY…indeed fine sir…second mouse get’s the cheese…I mean turkey.

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  6. The Fly

    Wood: If you look at my recent buys, FMCN @ $48, FTK @ $33, RIMM @ $104, XFML @ $6.72-7.20, LFT @ $23 and HANS @ $38, I’m not doing too bad.

    It’s my overall pastiche of stocks that is ripping my limbs off.

    There is nothing wrong with being too bearish, providing you do not misplace your emotions with overzealous bets.

    I think the market blows, but may bounce soon.

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  7. Woodshedder

    Yeah, you’ve got a knack for buying weakness. Absolutely.

    So are you saying that this buying of select stocks is a bounce play on the part of a lot of traders?

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  8. CubsRock

    I hope your all out of GME. There is no way they can beat the 3rd qrt they just had. It’s all a slow decline till spring, then it will fall of a cliff.

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  9. The Zombie

    I love that word “pastiche”
    Well done, God.

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  10. Sia

    Don’t cancel on me yet!!!!!

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  11. TANNED ONE RALLY

    Delicious

    http://www.tonidunlap.com/turkey1a.jpg

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  12. TANNED ONE RALLY

    WTF?

    https://body.builder.hu/pictures/mtbe2003_vekony11.jpg

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  13. BURNT FACE MAN

    I have come to save you. I am at my terminal, and will save the day with dip buying and other super-hero feats.

    http://ticklebooth.com/wp-content/uploads/2006/08/bunrt_face_man_computer.png

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  14. The Fly

    Cubs:

    I cannot sell GME. My cost is as low as $6. I cannot justify realizing the tax gain.

    Wood:

    The opportunities are always most abundant, at the bleakest hour.

    Off to a meeting.

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  15. Angelo Mozillo's Tan
    Angelo Mozillo's Tan

    Dear iBankCoin,

    While I do not appreciate being made fun of, yea even on a daily basis, I understand you have summoned Burnt Face Man to save the day. For this I am deeply appreciative.

    Unfortunately, our transmitter to Burnt Face Land was foreclosed upon last week. We lost contact with Burnt Face Man, unable to reach him, rendering our synergistic tans powerless.

    Please send him a message for me: Code Olive Oil.

    Thank you,

    Angelo Mozillo’s Tan

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  16. threehorsemen

    FLY FLY BABY, what is your ytd? i remember you saying you were up 30% a month or two ago. Buy this panic?

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  17. BURNT FACE MAN

    Please visit my official site.

    http://www.burntfaceman.com/

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  18. steve

    Buy low and sell high.

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  19. brian

    You have to consider MS and WM here…….

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  20. Sia

    See! See! We are still going up! QQQQ at 51 next stop.

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  21. JJ2000426

    The FLY:

    This morning I meantioned SPF and WCI and said time to buy.

    Now the SPF short squeeze is well under way. You should have listened. WCI probably will be next.

    Any interest?

    Buy some SWC to improve your luck.

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  22. CubsRock

    Started in GME @ $6… Wow, that’s insane Fly. I guess I have no choice but to trust you and go buy some MVIS!

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  23. Razorback

    I just received an urgent bulletin from my Senior Market Technician.

    Judging from the nearly incoherent gobbledygook, he believes the S&P to be working on the right shoulder of an “inverted head and shoulders bottom”. His initial price target is 1460.

    This guy partied way too much during college, so take that for what it’s worth.

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  24. BURNT FACE MAN

    I am dip buying with all my might. I will not fail you.

    PS – send Mozillo’s Tan a message: Code Skid Mark

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  25. buylo

    someone tell Steve to stay out of my business, if anything Steve and Fly should coordinate and – buy hi, sell lo which the Fly is already famous for (at least this month)

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  26. Juice

    wow .. that was good rally

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  27. alphadawgg

    Call me an asshat and feed me some oatmeal, but based on the “Constanza” theory, I bought some CFC, WFC, BAC and a little WM.

    I’m counting on these not going out of business, thus picking up some decent dividends, whilst waiting for a long drawn out recovery in the sector.

    I fully expect a 100% return in 3 to 5 years, or I will hunt down Angelo Mozilo and permanently “unplug” his tanning bed. The WFC CEO, who made the comment that things were the worst since the Depression, would be second on the hit list.

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  28. Juju bear

    Get ready to be crushed by the gay bankers, fucker.

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  29. JJ2000426

    Here is where I made the call on SPF and WCI, this morning.

    http://www.ibankcoin.com/flyblog/index.php/2007/11/21/dirt-for-thanksgiving/#comment-1868

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  30. steve

    The darkest hour is nearest the dawn.

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  31. Juju bear

    Oh, and asshat, your oatmeal is ready.

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  32. Juice

    Steve … is it darkest yet or nyet?

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  33. Juice

    I’m eating oatmeal now

    true story

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  34. brian

    WM and MS are no brainers I will bet your house on it. It will make you richer in the years to come. Side note: I gave two random black ladies in Chicago 180 dollars over the weekend why to help the retail sector. True story. really…..

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  35. alphadawgg

    ducati–

    hope is not a strategy, but being a contrarian is.

    jog on

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  36. threehorsemen

    alpha,

    your desire to lose money is clear, get ready to be pounded with losses dumbfuck.

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  37. Juice

    Well, I will say on the positive side – some stocks HAVE bottomed , or stopped going down

    so we are getting there

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  38. alphadawgg

    CFC @ 9.22
    WFC @ 30.16
    BAC @ 42.83
    WM @ 17.45

    I’ll be smiling next year as I bank coin in these, whilst 3 horsies trades for nickels and dimes.

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  39. Juice

    the dry bulkers have made nice reversals . They were leaders, they reflect business to asia major & minor, & were among the 1st to get their balls lit

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  40. steve

    Guys, we can’t just disregard Dow Theory here. 49% of the time it works 100% of the time.

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  41. gramps

    Screw you, steve.

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  42. gappingandyapping

    Well its snowing like a dandriff laden 55 year old outside now. Maybe this will add some spirit into these old fucks and get them to go home fearing their legs will seize up in the cold. These old bond fucks and assholes selling e-minis down here need their asses kicked. I am off to throw a shit filled snowball at them when they leave.

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  43. brian

    Since 2002 WM has traded between 37 and 45. with DIV. Now when this shit shower shakes out and it will like everytime shit like this happens it will be back.

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  44. yokahomamama

    Does anyone know how to see an archive of all Fly posts? Kind of like what we had on the old blog?

    Thanks

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  45. Blog Police

    Mr. Yokahomamama:

    The information you are seeking is classified. I could show it to you, but then I’d have to kill you.

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  46. Juju bear

    I covered some more shorts and sold more QID. Go do likewise.

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  47. Chief of Blog Police
    Chief of Blog Police

    Tazer that guy, officer.

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  48. threehorsemen

    click his name on the first page or

    http://www.ibankcoin.com/flyblog

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  49. Frosty

    FLY..good news bad news day…good, the turkey rally call is in full squeeze mode…the bad news, I stick around and keep you in check.

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  50. brian

    Far as I see Ducati the Bulk of WM’s loans are good quality. O f course they have some junk but you never take risk (well I’m sure you know). Maybe I will go to the poor end of town tonight and see how many forclosed homes I can find. I in WM @20 for 5000

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  51. threehorsemen

    that dumb shit bought cfc on the 14th at a much higher price, already losing his shirt. Most people like him disappear because the loss is never ending. He will continue to say value value value all the way down holding until the final day of reckoning.

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  52. threehorsemen

    brian, you are loading up 100k into WM. I can’t believe some of the bullshit that flies around here. Hopefully that is not more than 2-3% of your worth.

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  53. tinfoil

    Brian:

    “everytime shit like this happens”

    Shit like this has never happened before.

    WM is a goner.

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  54. brian

    5 %

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  55. brian

    “WM is a Goner”. Bullshite I’ll remember that in a few years when I’m deciding on the Longines or the Rolex. Leaning toward another Rolex

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  56. JakeGint

    WM is not a goner. It will go lower, however.

    Possibly twenties.

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  57. threehorsemen

    JakeGint,
    WM is trading in the 17 range, so it has gone below.

    “WM is not a goner. It will go lower, however.

    Possibly twenties.”

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  58. brian

    wm will recover someday couple years I will buy my first 15000$ watch ever

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