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
23,304 Blog Posts

Don’t Feel Bad; It Gets Worse

Hopefully “The Fly” saved some of you dumber types from losing vast amounts of coin. However, it’s worth noting, what you consider “vast,” to me, is considered “walking around money.”

You may be thinking: “the market has to bounce now.” While that may true, by March the Dow will be at least 10% lower from today’s close.

Write it down.

If you want to get ahead of the curve, get short oil. Fund managers are racing to cash, as their retarded funds feel the “hammer of certain death.” Within most big funds, [[XOM]] is a big, dumb overweight position. As I said before, [[DUG]] is the best way to play oil stocks going lower.

In short, “The Fly” has started off the new year in spectacular fashion, up 4.62% today alone—thanks to big dicked gains in [[FXP]], [[SKF]], [[DUG]], [[EEV]], [[DCR]], including [[DECK]] and [[LEH]] shorts. Year to date, “The Fly’s” vast holdings are up more than 12% or more than yours.

Naturally, having a “calculator brain” and “time machine” has given me an unfair advantage, over most of you lemmings. However, for the most part, I’m just acknowledging the obvious economic problems, then trading on it.

In all seriousness, I hope you are not getting clubbed to death, during this market decline. Remember, I need you leeches to come back here, everyday, so that I can brag about how much smarter I am & shit.

Pardon me UPDATE: After further review, I was up 4.81% today. Sorry for the mix-up. Off to drink some “rich man’s whiskey.”

It Gets Better UPDATE: INTC prelim $0.38 vs $0.40 First Call consensus; revs $10.7 bln vs $10.84 bln First Call consensus

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42 comments

  1. Gunners

    my low level internet brokerage account had its biggest up day in history, thanks to the fly. FXP, DUG, CMO are #1, #2, #5 positions of mine, respectively. many thanks to your time machine and calculator brain

    did you cash out on any of your FXP today?

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  2. The Fly

    No.

    All in.

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  3. Flux Capacitor

    The Fly [and Woodshedder!] have kept me from getting long in a bear market – many thanks.

    What’s up with the Soviet propaganda poster in the right column???

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  4. Dinosaur Trader

    Nice trading Fly.

    You could basically buy any spoon you want now.

    -DT

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  5. The Fly

    Click on it and vote for the site.

    As you know, communism makes investors money, ironically.

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  6. broken A

    INTC’s cock in the shredder.

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  7. CubsRock

    ho shit, this no up tick + bear market is crazy.

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  8. Shorticus, Demigod of Financia
    Shorticus, Demigod of Financia

    Bolshevism is merely one of my servants, my son, but a powerful one.

    Hopefully, with my servant Hillary Clinton blundering her giant arse across the land in 2008, I will reign supreme deep into this century.

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  9. MarketRaider

    Well Intel just put a stake through techs heart… should be fun tomorrow.

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  10. Dover

    If the Fed doesn’t step in with emergency cuts this week, this market will surely see that homo hammer of death earlier than March. INTC shitting its diaper right now, Baby Fly style.

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  11. big snacks

    interesting thing about op/ex week… on the flys rec i bought some chl puts yesterday.. b/c it is op ex week i only had to pay 2.2 for the chl jan 85 puts .. so in other words i got about to be short the stock for only 2 bucks… those puts went out at 7.4..

    cheers

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  12. Shorticus, Demigod of Financia
    Shorticus, Demigod of Financia

    My children, it’s important you read this interview.

    It was given by one of my Olympian High Priests.

    Pay it mind.

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  13. big snacks

    the vix was up .44 today.. wtf is going on.. in august the vix was at 37… were only at 23

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  14. Fly I know you are sick of hearing about MVIS. But after everything I have read and seen at CES, seems like they have a great product and more and more are catching wind of it. Do you have a timeline when you might get back into the stock? If an insider started buying soon, the price would break out pretty quick.

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  15. huge arms

    The Tout,er, Fly is full of it. He was getting hammered in the ’07 4th quarter and was a runaway bull. Now he is bearish. How convenient.

    He is the equivalent of those Vegas Guidos bragging how they hit 90% of their sports picks.

    What a joke

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  16. Shorticus, Demigod of Financia
    Shorticus, Demigod of Financia

    I have deflated your arms with a palsey.

    Now begone.

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  17. buylo

    was up huge arms? One known as Da Fly cannot change from one quarter to the next? Even I change my mind as do others from time to time. Some times I buy low and sell high while other times I buy high and sell low. So what? Whos is you – the bull-bear police?

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  18. Bravo

    Fly, where in your infinite time traveled vision, would you expect DUG to rise to??

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  19. JakeGint

    So what he was half a quarter behind me Wood and Bruce, and so what we won’t let him forget it?

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  20. wahawk

    I’m up 18.67% ytd fuck face. I’m better than you because I can trade around my ideas. I can not wait to hear what your dumb ass has to say when your poistions get “hommo hammered” later this week during rally mode, while the real “caculator brains” use it to make “fortunes.” Its funny how we only hear about your ytd numbers after monster days. Everyone is short fuck tard, your not that smart. Your gay!!

    Off to celebrate my shorts with some Blantons!!!

    Wahawk

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  21. TraderCaddy

    It’s a good thing the Fast Money jackasses have paying jobs because if they were relying on their trading profits they would be homeless. I laughed at the excuse the one guy said on todays show. He said yesterday to buy INTC prior to earnings, but when asked he said he didn’t buy it it today because he couldn’t get the trade off. What the hell does that mean?

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  22. Dogwood

    Anyone know if an inverse gold fund exists?

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  23. alphadawgg

    Shorticus,
    I have bookmarked your Olympian High Priest’s site. Thank you for the benevolent post.

    I will also continue to accumulate large quantities of Oro, because of referenced Asian dwarves purchasing vast quantities.

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  24. alphadawgg

    Dogwood:
    http://www.hbpfunds.com/gbepf.asp

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  25. r

    your not that smart. Your gay

    you’re fucking illiterate.

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  26. TraderCaddy

    Dogwood-ProFunds has a short precious metals fund with a symbol of SPPIX. It is a mutual fund.
    There is an ETF inverse x 2 (SMN). It’s an Ultra short basic materials ETF although I don’t think it has much volume.

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  27. JakeGint

    That Wahawk guy was a dick.

    That said, Blanton’s is freaking awesome.

    Note to all of you who think you know what “rich man’s whiskey” is.

    ______________

    BTW — RIMM down near 10% on the day.

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  28. Shorticus, Demigod of Financia
    Shorticus, Demigod of Financia

    Dogwood, you are better off shorting frankincense and myrhh than gold here.

    When my maidservant “the Bernake” (son of a bearded harpie that he is) proceeds to “cut rates once again” like every money manager on my blue Earth is screaming for him to do, the dollar will continue it’s collapse into the nether cellars of Hades, and gold will return to Apollo, it’s source and inspiration.

    (and my boss.)

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  29. Woodshedder

    I sold my GLD today. I suspect there will be some backing and filling.

    But believe me, I want to be in GLD. I’m just trying to buy it a few points lower than today’s close.

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  30. The Fly

    wahawk:

    Yeah but you manage a bullshit 5 figure discout house account, while “The Fly” manages many many millions.

    Fuck off loser.

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  31. The Spider

    Fly,
    obviously you dont owe me shit,
    you did tell me the other day “for the most part” you are out of MVIS
    so fucking update your fly sells
    it only says 150K shares sold
    how many you got now,
    between you and your associated
    again, i know you dont owe me shit,
    but a fucking response with some fucking detail would be appreciated.
    Like how about a fucking post just about MVIS, just for me, because I asked so nice and you dont owe me shit.

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  32. calvino

    Fly, you fuccin win today.. but when you were getting played by the shitroll fxp put on you, I told you that when that pig dies, it’s going to feed you enough to make up for all the pain. For some reason, some about to be outta job penisoraus was supporting CRM all day and that was my biggest short. Down 2.3%, so who’s complaining, but if I wasn’t greedy, would I be here? Maybe buying a 300 multiple biz software seems like a good idea today, or maybe when that fuccin leaping Jimmy Baboon yapped it he hexed the trade. But You helped me play DECK, and that’s no bullshit. FSLR and BIDU helped out as well today. Had to cover the Yingli and JA solar shorts yester when the IBM global growth crap move rolled me. CAn I say fuck! Let’s have more bad days like today.

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  33. Woodshedder

    Anybody think that the bulls that posted here yesterday, and subsequently had their asses handed to them, are now “successful” bears and yet still have to give Fly a hard time?

    Funny.

    Why don’t they show up on days when he is getting punished? Why show up on days when he is killing it? The psychology confounds me.

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  34. Employee8

    Shorticus,

    What if the one known as the Leader of the West is successful in his journey to the East at negotiating a discount in price for buckets of their black energy …. will not a reduction in price there cause the green currency of the West to strengthen and a countertrend in the value of the gold metal to occur?

    #8

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  35. The Fly

    Spider:

    I feel your pain. But just know, I do not post all of my buys and sells. I just post them to give a general idea what I’m doing.

    Whether I sold out or not is of no significance and should not affect your decision to buy or hold the stock, since you didn’t heed my earlier warnings.

    I’m done selling. That’s all I will say.

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  36. SaNTa

    #8

    The Chinese will outbid us.

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  37. WhoMe?

    Jake has more personalities than Sybil.

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  38. calvino

    Wood, those fuccin cows were making all kinds of bleating noises on here yesterday. Today they are admiring their tits, in the butcher shop. But unlike them, I do not gloat, do I – you titless bitches!

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  39. Employee8

    Here’s an ETF guide:

    http://www.etfguide.com/etftickerguide.php

    #8

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  40. Shorticus, Demigod of Financia
    Shorticus, Demigod of Financia

    Eighth Employee, my son:

    First, the berobed and hirsute Camel drivers who run the nation where your prized petrol is stored do not seem very keen on your West Texan’s price modification ideas.

    While the flea bitten desert scags deserve every one of your most bitter curses for their myriad sins and bizarre religious practices, one thing I cannot blame them for is requiring their commodities to be paid for in a specie not akin to that with which they wipe their prodigious fur besotted arses.

    In other words, if my servant “the Bernake” continues to push his green-tinted portraits of dead bewigged Solons into the markets for real goods, I’m afraid the Lip chapped and moustachioed Bedouins are going to insist on “top dollar” from here on in.

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  41. JakeGint

    The ETF guide is appreciated, 8!

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  42. TraderCaddy

    Yes, nice ETF guide Numero Ocho.

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