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
21,152 Blog Posts

Pay Attention

If you are down more than 10%, year to date, you have no business investing money. Maybe you’d be better suited to be an assclown at your local carnival or some sort of low end blogger. Nonetheless, I want you to pay close attention to what I’m about to say to you:

“The Fly” is smarter than you, even when he appears to be incredibly “unsmart.”

Keep this in mind before trying to poke fun at “The Fly’s” premature SMN buys or RIMM sells.

Just know, if “The Fly” is making trading errors or obvious mistakes, he is doing it on purpose, in order to allow some of you fucktards catch up to him. You know, like a Dad letting his son be competitive in a foot race.

Right now, my largest position, by far, is [[SKF]]. Fuck the banks and the people who buy them.

Additionally, I own a sizable short position in [[LEH]], mainly because LEH is the retard of all investment banks—unable to get anything right.

So sorry.

As for [[SMN]] and [[REW]]:

Thus far, I am underwater on these two positions. However, keep in mind, I sold loads of SMN in the mid 50’s. So, net-net, I’m up. My bet is simple: bet against the winners of 2007, for they will become a “source of funds” for many money managers, as the bear market persists. REW is a bet against big tech. Fuck big tech.

All in all, “The Fly” ended up 1.6% today, much to your chagrin.

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29 comments

  1. Gunners

    GGP just missed earnings. 6th largest component of SRS

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  2. JakeGint

    Just know, if “The Fly” is making trading errors or obvious mistakes, he is doing it on purpose, in order to allow some of you fucktards catch up to him. You know, like a Dad letting his son be competitive in a foot race.

    Okay, just want to let you know that I’m not completely over this fucking “bug” which started out as regular “flu” last week and has now morphed into something that has been eating away at my lung lining all weekend long…

    So anyway, the above just had me hacking various bloodstained alveoli all over my keyboard, thanks very much…

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  3. Option Addict

    My dad always kicked my ass in foot races, then proceeded to laugh at me.

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  4. alphadawgg

    I always beat my dad in a foot race, so I can’t relate to your example.

    That said, keep on doing what you’re doing—it’s makes sense, even when it doesn’t (did that make sense)?

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  5. Q4

    Fly In – “and I’ve been shining ever since..”

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  6. Alvari40

    Did anyone see the last trade on BDE? Trade at $240.90, up 1,261% today. Too funny. Bad tick…ya think?

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  7. TraderCaddy

    I was able to short it at $240.90. (just kidding)

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  8. Juice

    Check it – http://www.mainstreet.com/

    thestreet.com opens up an affiliated gossip site

    … Can IBC be far behind?

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  9. gappingandyapping

    Wow people really are addicted to Blackberries. What is wrong with people that they go fucking insane if they can’t get their e-mail on their Blackberry for a few hours. Christ a couple years ago the shit didn’t even exist and businesses did not go bankrupt. People truly are a fucked up set of creatures. For fuck sakes go take a walk.

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  10. mrkcbill

    Gap- your comments are golden. Keep em coming.

    Throw some of that shit up on the PG.

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  11. gappingandyapping

    mrkcbill: You know I soon will have time to post some shit in the PG, I just gotta get some people working harder for me.

    But on the previous note, I am just so fucking sick of people whining about all kinds of shit. I blame all of this gayness on the rise of middle management lower income individuals that like to fucking bitch because they get bitched at nightly by their wives or upper management. All the while they may want to put down the technology and fuck a woman every once in a while, quite possibly their wives. Personally I think we should go back to Roman times where messages took weeks to be delivered by horseback or boat.

    I can just see these crack berry addicts getting molested by their wives while they are texting shit at 2:00 in the morning. No wonder we are becoming a nation of pussies. Man up a grab a fucking sledge hammer every once in a while, dicks.

    Off to slaughter a goat.

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  12. Juice

    Whether its your wife, pro-escort, girlfriend, extra-marital affair; a thoughtful valentines day gift for that special woman in your life.

    ps: not for mom or sis

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  13. mrkcbill

    Juice-That would look great on a fucking hairy ape.

    Gap- Fuck the PG–Fly should Tab that shit. Awesome.

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  14. gappingandyapping

    Prime example of a man who gets ass plunged by hotel cross dressers nightly:


    Stuart Gold, a customer who says he gets 1,000 e-mails a day as director of field marketing for Web analytics company Omniture Inc., worked on his laptop most of Monday after his BlackBerry went on the blink.

    Although Gold said he thought last year’s outage gave him a needed break from work, Monday’s frayed his last nerve.

    “I cannot believe this happened again,” he said as he got off a plane Monday. “I’m on the road 300 days a year. My entire life is in my BlackBerry — my family life, my professional life, my emotional life, everything. … They’re not allowed to do this to me.”

    Gold, 49, said he plans to ask his company to buy him a second smart phone from a rival as a backup. BlackBerry competitors include Palm Inc.’s Treo.

    Faggotry at its finest!!!!

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  15. Stuart Gold

    I need a Cosmo.

    Is the Network up Yet….Test Test Test?

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  16. jeff -

    What do you boys think of BRK.A ?

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  17. goatbroker

    goat be nimble,

    goat be quick,

    goat be 20% ytdick.

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  18. Rim Tech Support

    Hello Mr. Stuart,

    I just wanted to assure you we are working on your issue. I also wanted to pass on a message you received in your e-mail from a Mrs. Stuart:

    Stuart, go fuck your blackberry, I am fucking the pool boy now. By the way your brother says hi!

    I am sorry for your outage sir and will be addressing this issue.

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  19. Stuart Gold

    This is so not funny.

    r u kidding me..is this some kind of joke.

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  20. Mrs. Stuart's Pool Boy
    Mrs. Stuart's Pool Boy

    I love MILFs!

    -MSPB

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  21. kd

    fly,
    no news about mvis from spain. What gives? could your source be wrong?
    Thanks.

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  22. The Fly

    Tech cannot of hit bottom, since we are in a bear market. Get that through your small heads, asshats.

    Many of you are still living with a bull market mindset.

    Bear up bitches.

    Fuck blackberries. I hold a Nokia.

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  23. JJ2000426

    PAL PAL PAL!

    Enough said.

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  24. TraderCaddy

    Blackberry? I just got rid of my rotary phone for one of those new fangled touch tone phones. Now if I can only find a phone booth somewhere that will take all of the dimes I have collected over the years.

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  25. jeff -

    always look on the short side of life

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  26. Mrs. Stuart

    I love the way your Blackberry vibrates but this afternoon the shit shut off so I had to call in a replacement Stu. Get bent asshole.

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  27. JakeGint

    Nokia is for red wheat fucking Norwegians.

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  28. JakeGint

    BTW — if you are from lower New York, specifically Manhattan through Suffolk County Long Island (think of it as the two legs of a right triangle), you can use “of” as a verb.

    Fuck you if you don’t believe me.

    Check the Strunk & White, Fifth Edition, it’s Rule #33, after “subjunctive clauses.”

    Special Noo Yawk dispensation.

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  29. Totengraber

    There are so many people here commenting stuff. I’m not trying to correct your mistakes, I’m just not agree with any single word

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