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
20,555 Blog Posts

Bulls Go Medieval on Bears

What a fucking day.

Thanks to my timely buys, “The Fly” was up more than 3% today, partly due to Santa Claus and his fucking elves mud stomping the sellers.

My biggest winners included: CFC, SPF, ACF, GMXR, FTK, BWLD and GLF.

Basically, if you’re short the market, you’re fucked. There is no way to stop this momentum train.

Fuck around and start shorting here; your house will get foreclosed on.

Finally, with my money, at the end of the day, I bought another 20,000 shares of ACF, betting on a squeezy squeeze.

Also, I intend to buy some more MVIS, first thing tomorrow morning.

NOTE: What happened to all those “Dow Theory” retards?

Oh yeah, they’re dead.

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36 comments

  1. Green Writer

    Medevil with volume to boot. I’m smelling new highs soon.

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  2. alphadawgg

    Game over bearshitters.

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  3. Danny

    bears = star trek geeks of this generation, replete with bacne, corduroy socks, and thick-rimmed, black-tinted glasses

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  4. The Fly

    Game…set…match.

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  5. The Fly

    BTW:

    Fly wins again!

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  6. chivasontherocks

    feliz navidad

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  7. Danny

    …black tint being the opposite of a rose tint

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  8. The Zombie

    This is my house of worship.
    The Fly is God

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  9. Dinosaur Trader

    I short SPY at the close… while your “alphablogging” about killing bears makes me nervous, I feel like any good news that comes tomorrow will be sold.

    -DT

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  10. chivasontherocks

    come tuesday, the fed will exceed optimistic market expectations.

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  11. Danny

    DT, everyone thinks were overbought which is why we’ll defy both semantics and expectations by “melting up”

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  12. Bison Burger

    SWHC got shot by its bad earnings.

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  13. Small Titi

    I added some MVIS this morning at 4.04. Been holding since the summer.

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  14. Green Writer

    Good luck Dino…Prepare to cover quickson.

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  15. The Fly

    Dino’s money will be mine, soon.

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  16. JakeGint

    Volume’s not convincing.

    Neither is this cobbled together Fed-Treasury hurricane shelter Paulson and Bush have Katrina’d together for you.

    That said, one cannot argue with the market, so I concede all bullshitting points.

    One bullet left in the gun — take a look at the SPX 60 day chart and draw a line from the 10/11 high through the 10/31 high and keep it going down through today.

    Notice anything sort of “odd, no?”

    Or maybe just “coincidental?”

    If I figure out how to put up a chart on WordPress, maybe I’ll Peanut Gallery it.

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  17. Dinosaur Trader

    Danny,

    You could be right.

    -DT

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  18. Dinosaur Trader

    UPDATE:

    Futures down .2 afterhours!!!

    DT wins again!!!

    -DT

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  19. Frosty

    FLY the reaction to employment data is no slam dunk and holding high fives would avoid pissing off the trading gods… the fed is no slam dunk unless that time machine has been fully repaired and feild tested…what say ya’?

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  20. Steve

    It’s funny, smart people will make up any excuse to justify their tunnel vision. Can’t see the forest for the trees.

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  21. Employee8

    So did PALM …. Elevation Partners = old men pushed into a elevator shaft by some flyweight

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  22. Employee8

    Pre-Announce bad earnings …. maybe MOT should try to buy them now

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  23. mdawsz

    “Futures down .2 afterhours!!!

    DT wins again!!!”

    Exactly.

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  24. CubsRock

    CNBC just showed a 5.93 millisecond clip of The Fly’s Bull. Can this server handle the new traffic that will be bombarding!

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  25. todd

    Have the bears “shit the shower?”
    http://youtube.com/watch?v=ddEftq2BUrk

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  26. Danny

    DT-
    I think it was just the market imbalance Maria always cries about.

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  27. Raptor

    Folks, as I said earlier on this fine blog: sell your entire inventory before the weekend. You won’t regret it.

    Everything’s in place for a massive economic downturn come 2008.

    And just watch as the freakshow that is China goes belly-up during the Olympics.

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  28. Alvari40

    Jake,

    It’s called “resistence” – you can get a number of good books to help you understand it. There is nothing odd about it. These areas are used for targets and resting places before big news comes out. The odd thing is that the market manned up and rallied to that point before the 11th. If the fed fucks us, that is a perfect place for the market to shit the shower. The, newbiews will see that resistance level in the futures and say “gee wizzz, guess that technical stuff actually works.” The reason it works is because there were reasons to be bullish over the past week and there needed to be a target to shoot for – alas, the downtrend is the target. It becomes the reason for the push down or “breakout” (to technicians). A lot of us saw that as the upside target during this oversold correction. If the market continues up Friday and Monday before Tuesday’s fed announcement, it will be a “false breakout” if the news is bad. If the news is good, well, the early bird gets the whore, and things like that.

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  29. JakeGint

    Thanks Lung Sac, I don’t know what I’d do without you.

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  30. BOOMER

    Keep an eye on HURC tomorrow.

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  31. ottnott

    SWC almost topped IIG today.

    I guess IIG’s business model of focusing on states that haven’t yet banned the company has a few flaws.

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  32. JakeGint

    What’s up w. HURC? Acquired?

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  33. Daniel

    I couldn’t understand some parts of this article Bulls Go Medieval on Bears, but I guess I just need to check some more resources regarding this, because it sounds interesting.

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    rsdjf ifnkatbey stxd dwrcvfyi xhikzoa jxyafdsrq ihblfm

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