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
23,599 Blog Posts

“The Fly” Wins Again

Go ahead, bet against me. See where it gets you.

Developing…

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27 comments

  1. Juice

    this leg of the selloff is officially over at 1:13 homo mtn time, with ‘the Fly’s’ gloating.

    Go ahead, see where gloating gets you. developing

    on another note: Rev Shark calls Cramer out –

    If You Change Your Mind, Say So
    2/5/2008 3:09 PM EST
    If you are going to be successful in the market, you have to be ready to change your mind as conditions change. No investors can be faulted for adjusting their approach in a volatile market. However, what is extremely unfair to readers is when we fail to acknowledge that we are changing our mind.

    Last week we had some people so bullish they could hardly contain themselves. Today we are told that we should be selling any strength. There is nothing wrong with that sort of shift, but it really undermines the confidence of readers when we simply ignore the fact that we have made a very dramatic change in our market opinions. If is very important that we make it clear that we are making a shift instead of pretending like we are being consistent.

    That more than anything else causes great frustration with the opinions that are offered.

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  2. ottnott

    FLY is down more than 5% today.

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  3. Juice

    odd, no?

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  4. calvino

    CRM earnings out FEb 20.. The numbers are so bad that the MM’s are trying to shake out the puts before a 30% drop leaves them uncapitalized. Maybe there is another explanatoin.. I would like to know.

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  5. The Fly

    up 3%+ fuckers.

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  6. chivasontherocks

    just bought

    10k shrs qqqq

    3k shrs aapl

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  7. duckbutter

    Fly, what’s your target on SKF? The can of corn fucking, internet fucktards want to know.

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  8. The Fly

    Duck:

    None of your business.

    So sorry.

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  9. SaNTa

    This market is fucking lopsided.

    I’d rather grow turnips than put money to work now.

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  10. BOOMER

    long boom here for a trade.

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  11. SaNTa

    I need to find a little kid to scream at.

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  12. calvino

    Netsuite and TZIX also up.. the other cloud in the heads computer servicers (crm’s) are all dark red.. someone paid good money propping them two today..

    update.. TZIX never mind, Deutsche Bank upgrade today.. good day to do that.

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  13. big snacks

    buying the close big time… xlf, fxi, russell calls.. etc … we are up big tomorrow.. the tell is the bonds … they faded all day.. BOOM..

    UPDATE…. BIG PREMIUM

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  14. Woodshedder

    Chivas- that’s what I’m talking about.

    When I was screaming don’t buy yet, Friday, I was mentioning we should get a pullback first. The pullback is here, now is when you buy.

    However, I still think we go lower, so I won’t buy yet. But if your thesis is that we have bottomed, now is the time to put money where your mouth is.

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  15. TraderCaddy

    I do not care
    For I have no fear
    Cause here I sit with all cash
    Eating my lunch surrounded by trash.

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  16. chivasontherocks

    Wood,

    i sold a lot of stock friday near the close, which i posted here. now i am going to scale back in in selected names. in addition if have read my posts here you would know that i had bought a ton of len c rth at a lot lower prices. which i sold half of the positions friday that i posted. i also traded goog for 27 points in one day the q’s and aapl all for nice profits which again i posted here.

    you know wood i detect a little animosity. i thought we’re supposed to try to learn from each other.

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  17. kmorph

    VIX is still pretty low, around 26. I think we need another spike of ~35 before we bottom out. During the Sep 2002 drop VIX spike was at 40, but I don’t think the market will panic that much. When DJIA hit 12k on Jan22nd 2008, VIX was about 31. So I’m guessing if we drop down to 11,500 or so, VIX will hit 35ish, which should be enough for a bottom.

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  18. R

    Chivas:

    Bids were hit today.
    Good luck with that cursed Apple.
    The Fly shall Bank Coin.

    OR

    Purchased SKF
    Financials will pay, Fly Say:
    “Time Machine: It nice!”

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  19. chivasontherocks

    r,

    lol, thank you

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  20. big snacks

    tech is not where you need to bottom fish.. when long continue to go with homes, banks, retail, small cap etf’s… etc.

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  21. big snacks

    you guys who are buying skf etc at this point are playing with fire.. put your fucking recession tribune down.. your reading the same paper every jocko out there is reading.. have some fucking sense about you..

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  22. alphadawgg

    I was a day early and a few dollars off on AAPL and RIMM.

    Can’t win them all.

    Looks like we may be rangebound with the upper end at DJIA 12,750; unless people panic from here and sell it below 11,600. Then I may start to think about shedding horns and growing some claws.

    Still in SPY. A break below 130 to 128 and I will buy more.

    Buying some DIA if we get a break below 120.

    APPL and RIMM still good, imo.

    Happy trading.

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  23. ottnott

    alpha – don’t go all Cramer on us.

    # alphadawgg Says:

    This pullback on average volume was actually normal and healthy. That’s a positive.

    I’m not getting worried until S&P 1360. Lower than that, and I may shed my horns and grow claws again.
    February 4th, 2008 at 2:06 pm

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  24. The Fly

    Alph just got called Cramer.

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  25. DPeezy

    When he said 1360, he meant 1330. Of course, he said ‘may’, which really means nothing in terms of concrete action.

    However, my big question for you ADawgg is that if you believe that we’re range-bound with the upper end at 12,750, why would you go long? There’s a good chance you’re going to be more than just 1 day early.

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  26. Nquyen Pham

    Even a broken clock is right twice a day, fucktard!

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  27. The Fly

    Fuck you.

    “The Fly” is always right, even when he’s wrong.

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