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
21,264 Blog Posts

“The Fly” is Done For the Year

I’m simply up too much for the year, in order to care. So sorry.

Now that I’m “retired,” I must figure out what to do with my time. Off the top of my head, I’ve contemplated moving to South America to become a farmer. Or, maybe I’ll take my staff of reps and traders and go look for treasures, such as oil or even better: diamonds.

While I decide what do do with my time, you have to figure out the mess you’re in. It’s quite funny, actually.

Most of you just sit there making outrageous market calls. As you know by now, with little to no effort or even sleeping, “The Fly” can beat you like a stubborn pancake batter, when it comes to investing.

Naturally, when “The Fly” loses a few bucks, most of you rush to the front of the crowd, in order to scream profanities and attempt to poke fun at me, mainly because you’re all classless fuckbags. At the end of the day, “The Fly” wins, all the time—even when he appears to be losing badly.

In closing, you might as well log off this fucking website now, since I have little to no desire to help the “small man” make stock market gains.

However, if you’re a blinged out playa’, keep a close eye on [[SMN]]. That bitch is lookin’ flavorful and may be worth legging into, under $43.

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42 comments

  1. Big Mike

    Fly,

    You watching BSC, down another 10%.

    Whats the dealio?

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  2. calvino

    Alrighty, let’s huddle up here. When you were getting roughed up by the FXP, Calvino told you to wait to cook that pig. When you were casting imprecations at the conspiracy fantasists, Calvino told you that you will have your blood revenge from BSC. Now that you got a little fame, have you forgotten those who were with you before?

    update.. LVS is running out of anonymous gamblers.

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  3. steveplace

    From bloomberg:

    Bear Stearns Co. (BSC) – BSC has just issued a press release concerning future cuts in growth to their Alternative Hooker Derivatives Fund (AHDF). The collapse of the prostitution market in New York, led by fund manager Eliot Spitzer, will probably have larger effects outside of the state of New York. Investors fear a liquidity crisis in the whore/pimp spread ($WPX) and are rushing to more safer investments such as the American Hooker Growth Fund (TWAHX) based in Las Vegas Nevada.

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  4. The Fly

    Calvino:

    Yes.

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  5. TraderCaddy

    If any news on CNBC about BSC please post. I have switched to Leave It To Beaver on TVLand.

    Fly- Now that you are retired you can take up golf. That way you can kill a whole day doing nothing and get out of the house. Of course you may have to wait for the snow to melt.

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  6. JakeGint

    Shut up. If you went down to South America looking for diamonds amongst the headhunters and various blow-dart hurling aborigines, you’d pull a “Livermore” and end up paddling back up the Amazon in search of a Sao Paolo ticker, or at least a cell phone tower within reach of same.

    _______________

    Since you are easing back, however, what are your thoughts on the first “Brothah from Crooklyn” Governor of the Empire State?

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  7. TraderCaddy

    Jake-Who is the first “Brothah from Crooklyn”? Al Sharpton?

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  8. calvino

    TC.. the Lieutenant Guv.

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  9. BOOMER

    Man, BOOM is getting the hammer AGAIN!

    Unreal.

    Bitches.

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  10. JakeGint

    TC — David Patterson, I think his name is. He’s a big Hillary supporter, which has given rise to some interesting rumors…

    But he’s from Crooklyn, and could bring much pork back to Fly’s “hood” as a result.

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  11. Gunners

    in a george costanza move to increase website traffic, fly tells people to log off this fucking site.

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  12. CubsRock

    Good Bye 12,000 see you after capitulation….

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  13. Dinosaur Trader

    Fly,

    About the sheetrock, and your palace? Listen, that “deal” you’re “giving me” just isn’t going to cut it. I can’t even meet my costs at that price.

    -DT

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  14. wow

    Ok, so I hope tonight Cramer goes bullish after his long, nightmarish stint at being a bear… things we might hear… “The Fed finally has it figured out…etc etc”

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  15. Granpa

    Just seems like more blind justice for the Empire State.

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  16. Woodshedder

    Fair Warning-

    I covered all my shorts (or had my Dad do it) on the dip, and am now 80% long via SPY Qs, UYG, and DIA. I am looking for a few percent more, over the next few days, leading to the Fed meeting.

    As my track record has been pretty bad when I choose to go all in, consider yourselves warned. If you are long too, keep in mind, this might be the Woodshedder top.

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  17. Eliot Spitzer

    I would love to leg into a flavorful bitch for $43.

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  18. CubsRock

    Damn Wood, I just grabbed some SKF. Sure am glad I’m about 70% cash cause I don’t have a clue what’s next.

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  19. blagger

    BOOMER nibble here?

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  20. haileris

    Wood, I’m getting the same feeling. No way the banks let this rally fail. Nutjob conspiracy theorist mindset trading has been working well lately. Today’s news was cash-money for the big banks, they will positively reinforce this news at all costs. Could’ve moved lower around 11-12ish but it didn’t — bears aren’t doing shit. Dabbling in the Qs right now.

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  21. Four Diamond Hooker
    Four Diamond Hooker

    Mr. Spitzer- I had a good time and thank you for the special illegal immigrant New York State Drivers License.

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  22. BOOMER

    bagger – i thought about it, but am gun shy. i think an institution is dumping. bottomless pit.

    i am serious when i say if it sees 36 i will roll large. until then, best to play it safe for me.

    and i dont believe the larger rally. gay. short covering. bet we get the hammer tomorrow.

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  23. JakeGint

    I think we need Chuck Norris to step in and break up this 12,000 Dow and 1300 S&P bullshit.

    Way… way too symmetrical.

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  24. JakeGint

    Boom– let’s hope for your immortal soul’s sake, that BOOM stays away from $36 until after Easter.

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  25. Jason

    Fly, others…

    Do you use any FX ETFs when you are in cash? I wonder when you think this dollar downdraft will end. Use the time machine and see if Ben’s magic pays off in 09.

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  26. Gunners

    does anyone want to short JCG into earnings? or am i just thinking crazy shit?

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  27. BOOMER

    True, Jake.

    I was nearly wiped out last week. When you combine my losses with my taxes on realized gains from 07. Fuggme. Almost $500k.

    I am in a reset mode, and taking time off. Make no mistake: I will book $1M in realized gains in ’08.

    I dreamed it is so.

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  28. The Fly

    Boomer:

    If you buy BOOM, within 30 days of selling it, you will have executed a wash sale.

    STAY THE FUCK AWAY FROM BOOM.

    WTF IS WRONG WITH YOU?

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  29. TraderCaddy

    Gunners-Before I answer that question I would need to know if you are armed at the moment.

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  30. The Fly

    Gunners:

    Do not bet against genius. The CEO of JCG is one smart cookie.

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  31. Gunners

    I have no arms.

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  32. BOOMER

    I know that. I’m not going to buy it back.

    But thanks for looking out for me.

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  33. calvino

    Steve Schwartzmann should give the people he fleeced in Blackturd that 100 crackers. douchebag.

    update.. Now all the index douchebags are running in.

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  34. jeff

    FED moves haven’t sustained any bullish moves.

    Long and strong:

    smn
    dug
    skf

    fxp – not yet

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  35. CLIENT NO. 8

    C’Mon Fly, help the little people out. Start a hedge fund – the Egregious Fly Fund.

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  36. Mushroom Stamp

    Cramer is now calling for a multi-day rally. 15 hours ago he was literally a walking caution sign on his show. lol nice flip flop

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  37. jeff

    Cramer = contrarion indicator

    If I had balls o’ steel I would hammer the fuck down on FXP, maybe not till tomorrow, though.

    FUCK!

    COME ON FLY, CALL THE TOP HERE!

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  38. Mushroom Stamp

    I expect we melt up to the 50 day avg on the S&P before we get a big down day.

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  39. haileris

    Fuck Cramer. I cleared out my Qs longs that I just made and moved them short.

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  40. JakeGint

    Holy shit, Boom, $250k to Uncle Salty on top of the trading losses?? Ouch, that hurts.

    Especially given his PPT’s moves to further bankrupt us all with the hidden inflation tax.

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