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

Bulls “Pancake” Bears Post Turkey

Unfortunately, due to Mrs. Fly, “The Fly” was busy shopping for overpriced, yet discounted, Japanese electronics—instead of trading and blogging with you retards.

Taking a look at today’s rally gives me relief.

All day, financials, homies, retail and drug stocks led the market higher, with big dicked gains in WF, ETFC, FNM, CORS, FIF, SPF, BZH, CC, BONT, CACH, AZN, NVS, BVX and SNY.

In short, I’d like to see people go out and “spend it all,” in order to burn the bears down to a crispy cinder.

They’re assholes (bears). They will soon feel the other side of the hot blade.

NOTE: At the close, I bought 2,000 FXP.

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23 comments

  1. BudH

    It’s the 23rd of NOv? And Thanksgiving is over? Lots of days to spend before Christmas!

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  2. JakeGint

    Wow, that’s giving a lot of credit to a half day where most of the smart money is home playing with their kids and burping off excess tryptophan.

    Don’t get burned kid, 100% official Dow Theory sell signal on Wednesday.

    Heavy shit.

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  3. kidstock

    Feels like a trap Jake. Stay long and strong Fly. The negativity is so thick you can cut it with a knife.

    What an ideal combination – a low PE and an environment where folks are very skeptical and a gain over 10% is considered a great year. Back in 2000 folks acted as if it was their right to earn a minimum of 20% a year. Expectations are probably around 7-10%. Put volume continues to be strong and my sense is that the bears have overreached.

    2008 is going to be a monster year and the rally that has just commenced will return The Fly and other die hard longs to Pimp Daddy status.

    Stay tuned…

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  4. Juice

    why would you buy 2000 FXP if you thought the bears were gonna get a taste of their own medicine?

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  5. jeff

    whew MVIS+

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  6. gappingandyapping

    Juice my guess is he is hedging his bet. However I must say you better fucking be long a lot of Chianese solar burrito lottos if you are hedging right here right now. Question is this: Won’t Asia trade higher come Monday morning on the backs of our Turkey rally? I also noticed a shitload of buying at the close. In the last 3 minutes we jumped big time. I know volume was light but price is the only thing that pays. Shotgun to the head picks are CSH, JCG and GS.

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  7. The Fly

    Jake:

    You’re caught up in your own stupor. Watch your next move.

    Juice:

    Just in case.

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  8. JakeGint

    Fly,

    That’s what you said 400 points ago.

    I’m mostly in cash. Not over-levered on the sell side. There will be a bounce, as there are throughout bear cycles.

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  9. The Fly

    Liar.

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  10. DEVILDOG

    That was some weak bullshit today. Thanks for the new short positions at 1440! The chickenshit bulls show up on a half day…LOL. The other half of Friday will be Monday morning when the bulldicks are going to be dragging in the dirt. You bulls just keep charging into the red cape bulltrap. Not very smart. See you Monday!

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  11. gappingandyapping

    Ducati: Is there any stock that you would buy? Do you hate all stocks? Are you 200% short? Curious what your positions are.

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  12. The Fly

    Ducati is just a liar.

    Plus, he makes up these ridiculous numbers on the back of a dirty envelope.

    Put zero credence into anything he says.

    He’s a fucktard.

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  13. Danny

    I arb casino stocks

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  14. The Fly

    Ducati is a manager at Arby’s.

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  15. The Zombie

    HA! How the heck did he get to manager? He must know someone.

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  16. Mr LIMM

    Mistah Dloo-cah-tee know Mistah Limm evah since Mistah Limm lescue honalable New Zearendah flom Glate Kiwi Boat Peoper Miglation of ’68.

    Make Dooclah-tee exrerent sou-chef fo’ cutting off shlimp heads and mix wit brack bean sauce. Nice wok skirrs.

    Eventuary, fliendship become tlust, and Mistah Limm make Kiwi Lefugee honalable managah of lecently opened loast beef sandwich shop in South Centlal, Ross Angeres.

    Doo-clah-tee now in six week of conceared cally crass.

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  17. buylo

    Ducati means abs not arb, he jsut is not a good speler. Who let Mr. Limm on this site – I thought this blog is verboten for foreigners. Hey Fly, wanna make some real $ again instead of paper trading, time to get into BWLD again!

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  18. The Fly

    Fuck you buylo. I still own it.

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  19. JakeGint

    Boom,

    You think maybe because:

    1) The “Black Friday” thing has become more and more banged on by the media as the day every asstard should be out fighting for Batman Stretch Armstrong, and–

    2) In the spirit of Frenzymas, many retailers decided to open at midnight this year to take full advantage of the whole “day,” thereby artifically skewing “same store” statistics?

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