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

Banks are for Asshats

What has a bank done for you lately?

We should all take our money out of those shit holes, and put the money into safety deposit boxes.

The bankers, they’re assholes. I have lots of “friends” in the mortgage business and they’re loan monkeys. In the past, they’d give loans to just about anyone.

Now, all of a sudden, the banks have truck loads of “non-cash write offs.”

Thus far, today’s finance losers include: NFI, RDN, PNSN, DSL, PCAP, WM, FED, MS, BSC, CCRT and BCS.

The winners include: BBX, MXB, FCSX, CORS, IVZ and ACGL.

Despite having open losing trades on ACF, I would avoid the sector, until another “good shoe drops.”

Typically, upon good news, the sector runs for several days. The trend is definitely down. So, trying to time the bottom can be cumbersome.

Just take them off the screen— and wait for some news to get back in.

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14 comments

  1. Woodshedder

    Monkey’s [sic].

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  2. The Fly

    You’re fast. Impressive.

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  3. Bison Burger

    Anyone short IIG?

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  4. Frosty

    FLY…as an agressive trader of the fins that post is spot on…if one is struggling with this tape having a “go to” sector trade is extremely helpful…the ebb and flow of news impacts the fins like no other…us it to your advantage.

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  5. Golden Bear

    Short IIG? Are you trying to get your share?

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  6. JakeGint

    I’ve got my share of JPM shorts.

    And I mentioned this in the PG, but if one were contemplating a short of AKAM, $36.70 or so is not a bad entry.

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  7. Bison Burger

    Just wonder when the shorts will start covering. It must of been a fun ride from the twenties.

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  8. Steve

    What is it with bankers? So much undeserved arrogance.

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  9. Steve

    If SOLF closes up at the highs you need to buy some for the run tomorrow.

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  10. Employee8

    LDK is screeming today also ….

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  11. Bison Burger

    RIMM’s trading like it’s having a cash flow crisis.

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  12. SaNTa

    I completely agree with Fly on this one.

    I will bury my money on melting icebergs.

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  13. mrkcbill

    I think devildog,bilderberg,and peachin are all short rimm today.

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  14. FIN

    Thoughts on SKF as a short play here?

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