Due to an egregious spike in internet traffic, on iBC, “The Fly” is raising interest rates, in order to slow down traffic. For the first time ever, I am losing money on this fucking site, due to even more egregious bandwidth expenses.
What the fuck?
Essentially, I am looking to decrease the internet traffic on this site, via ruining your (internet leech) stay or “experience” here. As you know, “The Fly” has many methods to accomplish this arduous task.
With regards to the market, [[MSFT]] told you all you needed to know. We’re in a bear market, despite what those busy BEAR STERNS [sic] bidding bankers in Europe and Asia espouse, through their obvious desire to offer a high premium for distressed asshats.
My take on the market is reliant upon time, not price. Meaning: we cannot be out of the boiling soup, yet. It’s too early and the decline is too tepid.
With regards to interest rates, it doesn’t matter, in the near term. After all, what’s the point of having 3% interest rates if credit is still tight? If Joey Bag-o-Donuts can’t get a line of credit, who gives a fuck?
By the way, quick alert, Dennis Kneale is an asshat.
Finally, if a shot gun were put to my head, in order to extract one stock pick, I’d say: “shoot me Sir, if you must, but before you do, go long [[SMN]].
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I am guilty of checking your blog too often and being a bandwidth leech.
I’ll click some banner ads from time to time.
Dennis Kneale IS an asshat!
I hope he goes away soon.
-DT
How much bandwidth do those awful vids take up?
I too will click on bullshit banner ads and make like I’m “online consuming.”
My webmaster/rogue trader, Jeremy, is adamant about milking “The Fly” of bandwidth expenses.
It’s all his fault. Kill Jeremy.
What’s a “banner ad”?
Get your share…
Hey, don’t you know that cutting interest rates stimulates the economy and therefore your money-making abilities off this site?
Oh…wait…
Jeremy = SG ‘rouge webmaster’?
If you really are losing money on this site someone needs to be fired.
So, your “Word a Day” calendar landed on “egregious” today, nice.
I’ll be brief, four score and seven years ago…
Seriously, how’s that AAPL working out fer ya? If you traded better you might not be so pissy to your readers.
Looks like you should slash some jobs and eliminate Lord Duc and the Peanut Gallery.
I made like a banner-clicking robot.
Long AAPL from $55, fuckface.
I’m not some low rent trader, like you.
I manage money and am up 20%, YTD.
Go fuck a lamp post.
I bet you held your TOL from $70 as well. Bwahaha!!
I am very sad that you are loosing money.
Please tell us how we can help you besides clicking banner ads.
PD I am very happy that you are very long on cash.
To raise “bandwidth dollars”, The Fly may soon open up a RICK’s internet cafe that offers lap dances and shit to unsuspecting internet leeches. All for $19.95.
Watch for and click on the banner ad.
(This message was automatically generated. Do not respond to this message or an intenet laser beam will fry your hard drive)
I am delicious, so eat me.
If you’re up 20%, then you can afford the bandwidth.
I’ve doubled my trading port, YTD, btw.
I’m eating nothing that goes by B.M.
IBC shares down in AH trading…
http://www.youtube.com/watch?v=bga4vLTOJ4U
Long AAPL from $55, fuckface.
Yeah, wait until it goes back to $75, you wouldn’t want to embarrass yourself with an excessive profit. 20% is a good goal, you should stick with that.
A good man always knows his limitations.
“Dirty” Harry Callahan
Dougie Kass says there is a trendless downturn coming. Fuck and I just pressed my shorts. That fat faggot is always wrong.
Dougie is always right. Yet painfully early.
Fly, if you’d like to decrease your traffic, start by writing dry, humorless, valueless, coventional wisdom commentary & get your market calls wrong. Otherwise, you are doomed to eternal bandwidth problems.
Take Dennis Kneale for example. Write like he talks and your bandwidth problems will be forever solved. Fucker is a complete toothless imbecile. But its not his fault; to wit, complete low-grade morons are responsible for hiring his permabulltard cheerleading, money losing, sorry, white, pimpled ass.
To the Dark Side even I did go.
Not bad it is!
Good benefits do they provide.
Better disability than the Jedi Council they have!
Fly,
Regarding MVIS aren’t you concerned about embedded being displayed in Feb by mot. Wouldn’t you think that will shoot the price alot higher from where it is now. This is most likely cheaper than what you paid for last year. And since than company has accomplished alot. What gives? I don’t understand your reasoning, did you lose faith in MVIS?
thanks.
Meanwhile, “the Fly” isn’t losing money on this site… he’s just saying that so he doesn’t have to pay the PG contributors or his “tabbed” partners.
He’s making mad money, spending it on collectible spoons and designer hair piks.
-DT
JakeGint
My take is that the NY Insurance regulators will force ambac and MBI to unwind their munie’s to Warren Buffet and his new company. Leaving the rest of the crap with the owners.
I worked at Moody’s, near the municipal bond rating gang. Purely formula-driven operation. Here’s the form, fill in the blanks, maybe fly out for lunch and a look at the capitol building and talk to the mayor or governor.
Pennsylvania RR bonds carried AAA ratings right up to bankruptcy filing. And they weren’t the only ones. Well, that was 30yr’s ago. Maybe things have gotten better. Har har harty har har.
Penn Central Company former U.S. transportation company, formed in 1968 by the merger of the New York Central RR and the Pennsylvania RR. By the early 1970s the railroad was bankrupt; in 1976 the U.S. government created Conrail from the Penn Central and five other failed eastern railroads. The Penn Central Railroads were taken over by the Federal Government to create Conrail in 1976, but the Penn Central Corporation continued to exist as a real estate holding company. The name Penn Central Corporation was changed to American Premier Underwriters, Inc. on March 25, 1994 and merged into American Premier Group, Inc. on April 3, 1995. The name was changed once again to American Finance Group, Inc. on June 9, 1995.
Marc Faber in this weeks useless edition of Barrons:
“I’m ultra-bearish about the financial sector, as it will contract for many years, not just one year. I wouldn’t buy Citigroup [C] here, or Merrill Lynch [MER]. And as much as I like Abby, I wouldn’t buy Goldman Sachs [GS]. I anticipate the day when half of Wall Street will be looking for jobs as drivers of tractors and combine machines.”
I would rather be driving a combine or a tractor on my own farm than working on Wall Street. Between the subsidies, fresh air, feeling of actually accomplishing something in life, and high Ag prices for my crops life would be better than hanging out on Wall and Broad.
haha, I’m one the guilty new readers that only heard about you in the last week but has checked the site more than once a day since… although considering you always claim you have a shit ton of money I doubt this site is really hurting your balance
Fly,
Are you going to start charging for access? It’s been fun.
I am new, I visit ten times a day, and I haven’t clicked a single link. Of course I haven’t read anything of value so far either. I guess that makes us even.
Alvari40–
That business model is for asshats, which the Fly is not.
Fusen, myself and Danny both write here, and do not possess a “shit ton of money,” as you say.
If nothing else, do not forget to consider us underlings when speaking of balances.
I would never charge internet leeches.
I believe in the free model.
Being a leech, let me know what I can do to become less of one. Spend an hour a week pounding banners?
The way you can help is simple:
Should you see someone logged onto IBC, kick him in the nuts, exclaiming: “hey fuckbag, quit driving up his bandwidth expenses.”
Damn, I got 6 “thumbs up” for that comment!
Beat that, permed one!
(Cue the comment getting immediately downgraded in 3…2…1…)
-DT
I did my part. I was at the grocery store this morning and I saw what appeared to be a ten year old kid grab a two liter of IBC (root beer) and I yelled at him to put it back per the Fly’s instructions. Security escorted me out.
Fly,
Will do. I have my steel-toed boots on. For those of you rich fucks, a lot of blue-collar workers wear these to protect them from industrial accidents.
BTW, who is this Tim Sykes guy. Fly – have you ever had the pleasure of meeting him. I give him props for getting the bankrool to a respectible level, but what a fucking pinball.
Fly,
Regarding the overall market, do you think we are near a bottom or is there still more pain to come and how much? Can you please do a brief write-up on where do you think market are headed in 2008? And if we do tank big how long does a normal bear market last? With the gov. handing out free money to every one and lowering rates (thank you Jerome) should help the economy.
Thank you very much.
Alvari40- Check out my post in the Peanut Gallery. Anyway, here is the link to the HD videos. Sykes appears in some of the first season episodes. His Mommy cleans and cooks for him while he daytrades.
http://www.mojohd.com/video/
Also, check out his blog. He is quite the promoter.
http://timothysykes.com/
Fly, I have a serious request. Look into why GBT isn’t higher and tell me what you can find out. I think it is an incredible opportunity at these levels. If I am wrong I would like to know why you think so. I respect your abilities so I would be interested in what you have to say. Thanks.
That Sykes thing seems to be about promotion more than trading. Seems like a hell of a lot of effort trying to game the crappy stocks he seems to follow.
He’s working with a decent sized account, yet he’s playing around with $3 stocks? Buy 50 shares of a couple ETFs depending on how the market is trading and do a lot better.
The ETF discussions here have been great, made me some money when i was lurking and sadly are what encouraged me to participate (oh, and the homo jokes too).
KD, these blog thingys are wonderful things and have something called archives… look through the last few weeks of posts and you’ll see where the Fly thinks things are going.
Alvari40:
On behalf of the “rich fucks”, thanks for the heads up on the steel toes. In return, here is some advice for all the steerage out there, go big or go home.
Many of you have asked for some shots of me relaxing over the weekend.
Well, I would’ve put this in the PG, but I dont know how to embed non-youtube vids.
Here’s me, ruminating in my comfortable digs after the Giant win last week.
Tim Sykes has a weak mac game.
Tim Sykes has a weak mack game.
Other, lamer Danny-
GBT is fucking gay. It is a gay stock. There is nothing up with it, except that it is gay.
Jake – hilarious.
Tim Sykes classic:
http://www.youtube.com/watch?v=i0LXw1HusY8
What a fucktard Tim Sykes is.
Now he will realize it was all luck?