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
23,426 Blog Posts

My Web Host Blows!!!

So sorry for this bullshit website being offline; the bandwidth has been choked to death by our hosting company: Webstrike Solutions.

In short, the goat lovers from down under want me to take my business elsewhere, due to the egregious amount of bandwidth iBankCoin takes from their shared server. So, as soon as Jeremy gets back to his iBC job, we will move this fucker to a dedicated server.

As for the markets, we have a worst case scenario unraveling. I regret covering some of my shorts, yesterday. However, I still have extraordinary exposure to the downside, in a highly levered way.

This is what I did today:

Covered [[DECK]] in the low 100’s

Sold [[CMO]] at $14

Sold short 5,000 [[BSC]] @ $72.14

Bought 5,000 [[EFU]] @ $88.50

Bought 3,000 [[SRS]] @ $117.54

Bought 2,000 [[SMN]] @ $38

As you can see, I believe we still have significant downside left, as the GSE market gets rocked. Shortly, we will hear of multiple hedge fund blow-ups.

Good times.

NOTE: The alarming strength in the Yen [[FXY]] is, well, alarming. Kiss your carry trade goodbye.

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10 comments

  1. CubsRock

    My GFI calls have doubled. Will prob take profits soon. Nice find FLY 🙂

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  2. Employee8

    I am not seeing any stock symbols

    Nevermind …. they’re there now

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  3. mrkcbill

    I just thought DT was fucking with you.

    Theres gotta be some good news out there somewhere–all reverse ETFS aside

    What up with AEO I swear I hate that fucking stock.

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  4. jeff

    Always look on the short side of life.

    Fly, how about putting your page stats up? Or do you have them up already?

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  5. JakeGint

    Is this website flickering because of your server problems, or is it due to the egregious monsoon that blows outside my balcony window right now?

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  6. The Fly

    I think it’s your monsoon.

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  7. Woodshedder

    I spit in the face of those who doubted my Nasdaq Next Stop 2000 post.

    Now, how about that jobs report tomorrow?

    BBWWWWWWhhhhhhhhhhhahhhhhahahaha

    (evil laugh)

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  8. JakeGint

    Nice time to pick up some SLW… it’s finally back to leading SLV, rather than the other way ’round.

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  9. Cok D

    I’m lookin at SMN and QID – which has more potential upside? Shitting on the Nasdaq or shorting the materials?

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  10. nncoco

    FWIW, I have a dedicated server with singlehop.com. I’m very happy with the customer service I have been getting.

    My business involves e-commerce and large file transfers, not the kind of traffic you get so YMMV.

    Transferring a WordPress database was tricky. I know the trick if you need advice. Feel free to e-mail nncoco_AT_gmail._cOm if I can help.

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