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
23,419 Blog Posts

Not Selling into Melt Up

I know, just a few days ago, “The Fly” wanted to “power dive” out of his office window, minus parachute.

It’s funny how 400 DOW points can change ones sentiment, no?

Anyway, after much debate and crystal ball viewing, “The Fly” has decided to not sell his equities, so that he may reserve the right to kick a few old men down spiked stairs in the future.

As you know, bearshitters are old men.

Additionally, “The Fly” is currently in the process of rehiring his old Voodoo physician, in order to “fuck up the short sellers,” in a very diversified way.

Developing…

NOTE: Rick Santelli is definitely short the market. VMW is no longer to be viewed upon as “waste of alphabet letters.”

If you enjoy the content at iBankCoin, please follow us on Twitter

54 comments

  1. Juice

    What the hell is up with Rick Santini ? He is losing it … he’s in the pockets of the bearshitters .

    Kass, btw, has blessed this rally & says the skies are blue … for now.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Steve

    Welcome back. It’s not as fun kicking bearshitters down stairs when no one is there to high five.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Juju bear

    Crystal ball? What happened to the time machine?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Juju bear

    Juice,
    Kass is an ass. Hey I’m a poet and didn’t know it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. The Zombie

    Don’t use the stairs today, fellas. You might get hit by a bear heading downward–fast. I almost got hit by one after lunch. It looked like Greenspan.
    Oh, don’t use manholes either.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Juice

    jujU Bear .. How can you call one of your own an arse?

    He may be an ass … but hes no fool buying tens of thousands of phony QID’s every ten cents down

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. riverrat

    What got my attention was that Michael Panzner was short term bullish on Kudlow last night.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. FutureMan

    Time Masheen! Time Masheen! Time Masheen!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. The Fly

    “Kass is an ass. Hey I’m a poet and didn’t know it.”

    Pretty funny for a fucktard.

    The time machine is in the shop. For now, I’ll make do with the crystal ball.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. CubsRock

    I don’t know Fly, Are you feeling lucky? Remember your might as well go to Vegas analogy. I’m going to use this chance to lighten up, do some day trading and get some shorts ready to roll. If we go up to Dow 13,600 by Dec 11 will the fed cut .50.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. rockain'tdeadyet

    Devil Dog, River Rat, Juju Bear…what is this, the fucking Jungle Book?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. riverrat

    I’m long, so there is my bias, but what is bothering me is that the futures are at the level to knock out the obvious short stops, and no higher.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. gappingandyapping

    Take down that going to cash bullshit too. GS to 250 please, thats all I need for Christmas.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Steve

    No doubt we go down tomorrow, riverrat. That doesn’t change anything long term though.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. Juju bear

    Dabbling with a little QID. Market could turn.

    Best watch yer top knots pilgrims.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. Bison Burger

    Johnny Wang Hung Lo’s fav’rite soup:
    http://www.caribbeanwritingtoday.com/uploadIMG/1888BusShelterKaren.JPG

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. Crawford

    Bear rugs!!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. Wang Hung Lo

    Bison Bulger
    Dat vely funny. Too funny. Dat plicture not acculate, dough. I rike wonton soup, flucktaald.

    Dis plicchue waht happon to yu rater on, as yu stocks crlater.

    http://www.youtube.com/watch?v=ZUkB_yKvBHQ

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. Bison Burger

    Wang,

    Go fuck a fish head http://pics.livejournal.com/malbec/pic/00028z03
    with a JussiPussi http://pics.livejournal.com/malbec/pic/00003et2

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. riverrat

    The futures are taking out the day highs.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. newequity

    Stop talking like a bitch Wang Lo. You are not funny and are from the US.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. Alvari40

    For those that follow futures, we run into major resistence (200 ema) 100 points above this level. Should be a nice battle at that location. Other than that, continue drinking Cristal out of a jock strap! Party on!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. Won Long Dong

    Beside that, girls say he hung like squirrel monkey

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. gappingandyapping

    Where is Jake the bear today?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. alphadawgg

    Fed VP Kohn’s comments indicate Fed may take action to calm financial markets. Helicopter Ben to the rescue by tomorrow to confirm. December rate cut in the making.

    They seem more responsive now, instead of just focusing on inflation.

    It’s about time.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. Bison Burger

    Jew boy is getting all giddy and will tell his Cramericans to buy back everything that they sold after his Monday show.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. cheesefried

    Fly-
    You so right buying into FXP right here. You see crude oil falling (declining demand) and you know the next place the bears will attack the markets will be when growth in China cools. I am going to wait on this trade and will no doubt miss the big move down in China. I will be there in 2008. The American consumer is the play in 2008, fueled by lower commodity prices and continued lower Fed rates.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. Sir Douchebag

    oh 400 point reversion to mean rally and you’ve changed your sentiment?

    What a lemming.

    Nothing has changed. This market is for traders only who get in and out correctly. Will your sentiment change next week when the Dow drops 500 points?

    Once again, your complete lack of strategy and constant change of sentiment based on what the market does on a daily basis is humorous.

    I am all cash by the way. I am only trading this market with no overnight positions — shorts are fried, longs are fried in the long run. You need a plan, Stan. Seriously.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  29. Steve

    Jake was lit aflame earlier by a rowdy group of youngsters and is busy doing the “stop drop and roll”.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  30. CubsRock

    Wow BWLD just got squeezed

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  31. The Zombie

    Did you guys see all the bearshitters piled up at the bottom of the stairwell? Watch your step, fellas.
    Unless you’re wearing spiked cleats.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  32. cheesefried

    *Alert*
    Dow Theory traders spotted standing in the middle on I-95.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  33. cheesefried

    When I went to a BBY and saw middle aged women fighting to buy a Nintendo Wii like a MMA cage match I knew good times were coming.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  34. Bison Burger

    Fly me to the moon:
    http://static.flickr.com/36/80637383_897f269623_o.jpg

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  35. Woodshedder

    Its all fun and games til someone loses their capital.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  36. Dinosaur Trader

    Great day to surf. Meanwhile, I can’t believe CFC can’t squeeze a positive day out of this madness. I guess no one is short that stock…

    -DT

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  37. Woodshedder

    DT- what are seeing with volume? I’m tracking the nasdaq to come in below yesterday’s level.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  38. cheesefried

    CTXS-
    A great way to play VMW and software virtualization.
    Looks like a buyout candidate.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  39. mrkcbill

    Bison do you have a Wal-Mart or a McDonald’s in you town? Just asking.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  40. Frosty

    WOOD not much fun today, front running the next leg down…baby bear roasts indeed…eating high on the hog while the FLY sucks soup.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  41. Woodshedder

    Frosty- c’mon dude. I’m long AAPL, up almost 10 points, and long MVIS.

    I have 4 puts on the Qs. That’s all. I’m banking coin today, and having a blast. Things are unfolding exactly as I have thought they would.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  42. ewa4c

    Hey Devildogdumbass,

    How you like them apples… BITCH!

    Apples

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  43. Bison Burger

    MCDs are everywhere. There’s on Walmart about 12 miles away from where I am (in Bethesda). There’s also one (in Secaucus) near my home in NJ.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  44. Bison Burger

    *one Walmart

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  45. gappingandyapping

    Where oh where where has my little Jake gone? 🙂

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  46. ewa4c

    Try this one instead.

    Apples

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  47. Frosty

    WOOD then why the smack down when I was taking the other side…tell the baby bears here they were about to be hurt…anyway, just so I’m clear, here are a few baby bear bones to play the darkside with post Ben on thurday…THO THQI ANAD…watch and learn.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  48. Frosty

    FLY was cooking soup, while I was preparing the baby bear roast, attempting to save the cubs here a little coin.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  49. Woodshedder

    Frosty, I did an extensive post about the impending bounce.

    I don’t know how more clear I could have been.

    http://www.ibankcoin.com/woodshedderblog/index.php/2007/11/25/examining-market-tops/

    Read the last paragraph. Well, read all of it, but that will shed some light.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  50. JakeGint

    Geezuz, Gap, can I go to a meeting with your permission?

    Sure, people asked why I was on fire.

    The rude ones.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  51. The Zombie

    “*Alert*
    Dow Theory traders spotted standing in the middle on I-95.”

    HA! Nice one, Cheese.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  52. DEVILDOG

    Okay Fellas, I deserved the beating today. I made the wrong call and got carried away. Let’s not rub it in, though. I pulled equity out of the house and lost 50% of it between yesterday and today. I’m just liquidated all my remaining positions as I got a margin call. Good luck to you guys, I’m done with this game…Fly Rules…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  53. The Fly

    You’re an asshat.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  54. DEVILDOG

    Fair enough. Sorry for giving you shit the last few days. I do enjoy you site and the banter with all the other traders.

    • 0
    • 0
    • 0 Deem this to be "Fake News"