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
19,850 Blog Posts

You Can’t Fucking Stop Me

While most of you bearshitters lost money today, “The Fly” made money on his longs and shorts, finishing up .44% for the day.

There is something to be said about a market that refuses to go lower. However, the financials are still very weak, but may be due for a bounce.

I don’t care.

I will not sell my inverse ETF positions, due to my desire to hedge.

In the short term, I sense RIMM is about to unload a few clips on the bears. Additionally, while everyone else gives up on MVIS, I will buy more—into CES.

Finally, my current position is slightly bullish, with enough cash on the sidelines to accomplish a bearish bias.

I said it yesterday: “I’m done for the year.”

I’m just moonlighting now, hanging around, ruining other peoples days.

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

29 comments

  1. Juju bear

    Stop hanging out at Dunkin’ Donuts, get back to your office, and start banking more coin. You are “playing the pussy” by giving up for the year. I fear you are losing that urge to buy stocks, daredevil style.

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

    Fuck you, I was up .44% for the day.

    I’m too busy drinking spiked egg nog, then to buy stocks.

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

    The “space alien magician”‘s mother ship has just lifted off for Planet Fucktard.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Weed

    The Fly drinks spiked egg nog, like Romanian goats drink Danube river water.

    Don’t ask me what that means.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. WildWestie

    “I’m too busy drinking spiked egg nog, then to buy stocks.”

    I believe The Fly meant to say “than” rather than “then”. And that’s no double talk.

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

    WW:

    Thanks for that.

    Fuck off now.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. big snacks

    best time of the year to trade.. nice turn today.. tax loss list is long this year.. bounces in some will be viscious

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

    “The Fly” was aboard USS Eldridge during the Philadelphia Experiment.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Weed

    The Fly’s balls got chopped off this last go ’round, so that’s why he’s gotten so conservative and shit.

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

    No doubt he has been forgoing coffee for weed lately.

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

    DNDN…could toss the gap on the bears in the morning…the story just keeps getting better, kick those FDA jerks in the sack…in as posted here avg 6.55…after adding a third time ah 6.80…FLY will note that I only give him the good stuff, trades yes, but who wants to invest in this rag tag crapper of a tape.

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

    As a result of Fly’s balls getting “de-sacked”, his voice has gone up two octaves.

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

    Does anyone really think we’re are heading into, or are already in, a recession while the US labor market is at virtually full employment? NO ONE who currently wants a job doesn’t have one. Sure, they aren’t really great jobs; but can an economy really go into recession with 4.7% employment?

    I think the bearshitters have finally swallowed enough of their own bear shit that they believe it. Unfortunately, it appears that some of the bullshitters have started to taste it as well. I am not convinced. The market wackiness is the result of uncertainty, fear, and psychological weakness; not an impending recession. Save this post, you’ll call me a prophet someday.

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

    PoorOkie,

    Virtually full employment means the employment situation can’t get any better so therefore it will get worse. Keep in mind a lot of these employment numbers are old. With all the lay offs coming in the financial sector things will get worse going forward. Will all these finance guys go get jobs at McDonalds and the Gap ?

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

    Listen up you fuck faces! I am not scared of this market, this man right here is going to save the entire economy!

    http://www.youtube.com/watch?v=Az8kIY_H-1M

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. link

    Gapping your gay.

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

    You get a recession even with low unemployment when people with jobs are tapped out. People who are tapping into their 401Ks have already gone beyond the limits of their spending power.
    The survey finds that nearly 20 percent of companies have seen increased hardship withdrawals from 401(k) accounts, often to cover mortgage payments or to avoid personal bankruptcy.

    “In the last four or five months we have seen an absolute onslaught of people trying to do hardship withdrawals and loans out of 401(k)s,” Mark Anderson, CFO of Granite City Electric, told CFO magazine in October. “What has happened with housing and the economy has really blown up for people at the lower end of the spectrum.”

    CFOs attribute the 401(k) withdrawals to the effects of the shaken credit markets and higher costs of living, among other reasons. Those concerns have affected companies from top to bottom. Nearly a third of CFOs polled in the survey said their firms have been directly hurt by credit conditions.

    http://www.cfo.com/article.cfm/10250117/c_2984379/?f=archives

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. ottnott

    5 blue-lined words in one comment. Will anyone do 6?

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

    Link: Your mother is a goat fucking whore who shepherds take their business too in order to produce bountiful studs through thorough practice. In short, she’s a jizz trap for goats.

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

    FLY…notice the baby bear are now masters of ecomnomic data…loud and proud full of fear, fear of being short…how soon they forget the pain of covering wednesday morning…quick or dead little cubs.

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

    Cap: The “finance guys” are not the US economy. They are a small segment of the economy. For that matter, these fuctarded stocks are not the economy. There are millions of business that are not publicly traded that are hiring and making money. Assuming that we are headed for a recession because the “finance guys” are losing their jobs is like chicken little claiming that the sky is falling because “I saw it with my own eyes and a piece of it fell on my head”, when it was only a fucking acorn.

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

    Well, if the finance guys were losing their jobs because they forgot where they left them, I would agree that what’s happening in finance is independent of the economy.

    If the finance guys are losing their jobs because they can’t finance anything because their capital base is being devoured by losses, you might want to cease your chest-butting bravado and stop pretending that calling CAP a sissy falls far short of addressing his point.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. ottnott

    Fly – first-rate blogs allow comment previews or comment editing for us third-rate commenters.

    Should read:
    Well, if the finance guys were losing their jobs because they forgot where they left them, I would agree that what’s happening in finance is independent of the economy.

    If the finance guys are losing their jobs because they can’t finance anything because their capital base is being devoured by losses, you might want to cease your chest-butting bravado and stop pretending that calling CAP a sissy is equivalent to addressing his point.

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

    While I agree with the bearshitters, we’ll likely be having this same conversation in January, so don’t try and figure it all out based on what we know currently. I’m thinking we’re gonna need another month of two of data points before the bulls are totally demoralized.

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

    “Cap: The “finance guys” are not the US economy. They are a small segment of the economy. For that matter, these fuctarded stocks are not the economy. There are millions of business that are not publicly traded that are hiring and making money. Assuming that we are headed for a recession because the “finance guys” are losing their jobs is like chicken little claiming that the sky is falling because “I saw it with my own eyes and a piece of it fell on my head”, when it was only a fucking acorn.”

    PoorOkie, The finance guys are among the first to loose their jobs when we enter a recession. Its the business cycle. When the cycle end it starts with the financials and so on. The financials always enter into a recession before the other sectors. Its harder to borrow therefore businesses and consumers borrow less and spend less. The lack of borrowing means the financial sectors lays people off like the mortgage industry and now Wall Street because there are no CDOs to package and sell.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. ottnott

    Weak Construction Blasts NCI
    Andrew Farrell, 12.11.07, 4:40 PM ET

    The weak housing market has taken a heavy toll on builders and their suppliers. NCI Building Systems’ quarterly earnings showed that the non-residential building market is now causing problems too.

    Shares of NCI Building Systems (nyse: NCS – news – people ) fell $7.18, or 20.1%, to $28.60, after the company reported its fourth-quarter profits fell to $25.4 million, or $1.27 per share, from $28.0 million, or $1.33 per share, a year ago. Analysts polled by Thomson Financial expected a profit of $1.59 per share.

    NCI, which is headquartered in Houston, makes metal building materials used in non-residential construction. Its products include roofs and roll-up doors.

    A slowdown in non-residential construction pressured NCI’s fourth-quarter results. According to McGraw Hill, low-rise nonresidential construction fell by 4.4% during NCI’s fiscal 2007. It gained 5.7% during the previous year.
    http://www.forbes.com/2007/12/11/nci-construction-builders-markets-equity-cx_af_1211markets30.html

    Seems unlikely that it is “finance guys” making those building products. Or doing the construction.

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

    WOOD…indeed, let paulson and ben fire their bullets…why step in front of two biggest beefers on the planet other to to game an overbought market…get real baby bears, they print the shit…get a clue.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. Jakegint

    Frosty’s sure one big swaggering Dick, Idn’t he?

    For someone with such a big mouth he air is moist about his positions though.

    (Phaggot, get candled)

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

    .

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