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
23,428 Blog Posts

China Kills All Bears in One Trading Session

Good for those bearshitters. Let them feel the blade of hades, like I unceremoniously felt during today’s session.

From here on, I warn you—there will be no more bearish commentary from iBC. That shit has been discussed and cordially banned from our web pages.

I want to be part of the nirvana that is taking place in the global markets, thanks to the global growth story.

Right off the bat, I want to get long shit. I mean the lowest order oil/gas stocks. The speculative juices are flowing. Therefore, I want to catch a few sharp spikes in the crappiest stocks known to man.

My watch list includes:

[[FPP]], [[TRGL]] Romanian gas, [[MPET]], [[OMNI]], [[NCOC]], [[RAME]], [[TEC]] and [[TGC]].

Regarding Chinese lottery stocks, I like them all. With China up a staggering 8.5% in early trading, expect to see [[FXP]] down another 10, while investors bank coin long lotto.

Currently, I own [[GSI]], [[CTRP]] and a little [[GU]].

First thing tomorrow, I will look to buy [[CN]], [[CHA]], [[EJ]] and [[STV]].

May the Dow blast through 13,000, on its way to 15,000 by July 4th.

Good times.

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79 comments

  1. alphadawgg

    Welcome aboard (finally). The time machine been on the fritz?

    Back to Chinese Solar Burrito stocks. What goes around, comes around.

    Just like old times.

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  2. Low Tick

    Fly buy DSX…they ship oil, grains and all that “good shit” around the globe…plus a redonkulous yield.

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  3. 1st Tier

    Ducati’s Blog is loading faster than Fly’s Blog!

    DT’s Blog loads faster than Ducati’s Blog!

    Coincidence?

    Odd No?

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  4. Suk Mai Dong

    Yu finarrly come to yuar senses. We cereblate with flied lice raced with gord frakes! Vely expensive mear.

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  5. Woodshedder

    Fly, you were trying to figure out what the fuck it meant for China to be down so much, for the year. Now you know what it means.

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  6. Low Tick

    Also CPSL for a little made in china steel.

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  7. Yoda

    How feel you? Methinks, frustrated and capitulating you are. Hmmm?

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  8. Wang Hung Lo

    Who da fluck stiew buy FXP? Dat is vely stupid. *Hahahahaha!* (*kung fu movie laugh)

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  9. The average Chinese investor
    The average Chinese investor

    Yay!

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  10. Born2Code

    While the S&P is fumbling around, the commodity and positive balance countries have stealthily resumed their uptrends. just check out EWC, EWM, EWS, EWA… and the dry shippers, DRYS, EXM, GNK, EGLE. it seems the hot money is flowing back to last year’s momentum stocks.
    Forget about the local stocks, they have no chance of going up due to lousy economy and no chance of going down due to Fed manipulation.

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  11. Chinese Asshole Dip Buyer
    Chinese Asshole Dip Buyer

    I buur arr stock I can, fry.

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  12. The Great Wall of China
    The Great Wall of China

    ………………….(walls don’t talk, stupid)

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  13. mrkcbill

    Its not the cost of the cereal its the cost of the box fuckers!

    Rationing rice ok……..just don’t fucking ration Dorito’s or Cheetos –or there will be some riots in America.

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  14. So Solly

    I am “so solly” I evah started wif dah Chinese tawk.

    I create monstah!

    (infeliah monstah!)

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  15. Shanghai pimp

    Buy some CAF fo yu! Den come see me to spend yu plofits on hot Chinee womans.

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  16. mrkcbill

    Wang Hung Lo- do you know where I can find a good “barr cream”?

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  17. Ghost of Chairman Mao
    Ghost of Chairman Mao

    Vely many Chinee on dis blog come out of woodwolk. Rejoice my countlymen! FXI mert up tomollow!

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  18. Mushroomz

    how bout getting long some stupid cheap US high growth companies

    ININ is going to 15 soon, but I’m in this bitch for the long haul

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  19. Woodshedder

    Jesus Christ Jake Gint you gone clazy wif yourl Chinese tawk.

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  20. Wang Hung Lo

    mlkcbirr–

    How should I know dat? Go aks [sic] Fry. He be apprying cleam to his sole barrs light now afta Chinee hamma to his gloin.

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  21. Wang Hung Lo

    Tank yu engrish nazi. Now go fuck a can of corn. How was dat?

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  22. Woodshedder

    Engrish nazi- suck my barrlls.

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  23. alphadawgg

    You guys are flucking asshats.

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  24. Exposed

    I am shocked that the method for writing Chinese has been exposed! I demand that the offending comment be removed promptly! This is a secret worth perserving for all postelity!

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  25. buylo

    when hui gon na sholt da felts and agli’s?

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  26. DanB

    solly arpha dog.

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  27. Low Tick

    Front page CNN.com: Criminals target energy, financial markets.

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  28. Chinese linguist
    Chinese linguist

    The disease is spreading

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  29. Beijing Securities Analyst
    Beijing Securities Analyst

    BIDU ##%&@#&!#@, CAF &%%$##!##$&+@#@ FXI #$%^&^&*@### CHL ##!#!#(#)&)

    ..$$$$$$$$$$$$$$$$$$$$$$

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  30. Q4

    Carmina Burana Cantiones profanae cantoribus et choris cantandae comitantibus instrumentis atque imaginibus magicis

    O Fortuna

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  31. The Great Wall of China
    The Great Wall of China

    (*crickets*)

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  32. Cajun

    Best thread yet, ha.

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  33. Bull in China Shop
    Bull in China Shop

    Chinese markets down, but end up kicking the shit out of Chuck Norris-like bearshitter…..

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  34. Chinese Daytrading Housewife
    Chinese Daytrading Housewife

    Chinese Daytrading Housewife wins again — thanks to her unfathomably profound understanding of the global markets (and her credit card financed leverage).

    So sorry.

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  35. Chinese Contrarian
    Chinese Contrarian

    Meanwhile, at the Shanghai Stock Exchange, traders start buying, fortune cookie style…

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  36. Chinese Bull

    .

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  37. mdawsz

    I thought one advantage of the new site was the fact that we wouldn’t have to put up with one guy using a million different names in the comment section. It’s getting a little stupid.

    Anyways, good to see you’re coming off the uber bear mode.

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  38. Kiwin

    China deserve some sort of “sympathy” after being crushed like 50% from it’s 52 week highs.

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  39. BreakingOut17

    Did anyone listen to the HANS conference call?

    I’m reading over the transcript right now and it appears that they put a lot of their money in auction rate preferred securities. It doesn’t look like the market for those is going to get better anytime soon.

    What do you guys make of this?

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  40. SatanicChihuahua
    SatanicChihuahua

    It was soooo predictable, and yet so many on this site were buying FXP yesterday. Fools and their money……

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  41. hattery

    The replacement “web nerd” that spilled hot coffee on your blog, left several links broken. The search for older posts has a lot of broken links, and the “posting videos and shit” link doesn’t work. Might want to blacklist that guy from computers.
    Update: on second thought the server might just be screwed up

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  42. AU CONTRAIR

    Nice to have you back from the dark side bearshitter camp.

    Long and Strong….viva la FLY (ex-BEARSHITTER)

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  43. The Fly

    BO:

    It’s a dirty Wall Street secret.

    Almost every company has auction rate securities. I believe ADCT wrote down 100 mill because of it, yet no one cares.

    Why should I?

    Back to good times.

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  44. The Fly

    BTW:

    You fuckers are so racist, you make Archie Bunker look good.

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  45. Jason

    Mdawsz. Ditto. Get a comments section right? Maybe this cheap tabloid is too low collar.

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  46. W. Churchill's ghost
    W. Churchill's ghost

    This moment will become known as the Fly capitulation top.

    …….”A day that will live in infamy”

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  47. Shitting Bull

    Ah, it’s time to go short…

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  48. nullpointer

    man, you are all so gullible

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  49. Juice

    BG & NEM blows the doors off estimates. Of course, they better given the commodity ‘bubble’.

    Listen up pikers, if we can get a decent selloff going today, I am calling for a MONGO rally tomorrow. Of course, MSFT will have to cooperate tonight, so that is the sole caveat, but an important one.

    The dollar is done going down, for now, which will cap commoditie,s for the time being. And China is surging.

    Providing MSFT comes thru, those overhead lines of resistance may get blown through, tomorrow.

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  50. larry

    Alias: BPOE

    I loaded up with XfML last month. It is closing higher at the MKT. close every day for the last two weeks. Today China cut taxes on stock gains. You can’t play China market with USA rules. China is like mother market. Fuck a you. We Win!!!

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  51. Fabregas

    HSI already up 25% from Mar bottom. Time for a rest.

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  52. Fabregas

    XFML is a complete scam.

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  53. chivasontherocks
    chivasontherocks

    imo, the euro, pound and swiss franc have topped for almost ever.

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  54. watching

    I’ve been watching Broker A for many moons now; don’t be overly confused by his near-term attempts to milk some long positions while waiting for the obvious to happen in the economy. Paying obeisance to Mother Market is not the same as reverting to permabull.

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  55. larry

    Alias: BPOE

    Fabregas:

    The whole China market is a scam. XFML is being scammed up right now. Get with the fucking program!!!

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  56. JakeGint

    It was soooo predictable, and yet so many on this site were buying FXP yesterday. Fools and their money……

    I wonder if this shit for brains genius knows that the Chinese market trails the U.S. market, and does not precede it?

    I’m thinking — “most assuredly not.”

    ________________

    Wood, none of those multiple names are me.

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  57. JakeGint

    I’ve been watching Broker A for many moons now; don’t be overly confused by his near-term attempts to milk some long positions while waiting for the obvious to happen in the economy. Paying obeisance to Mother Market is not the same as reverting to permabull.

    Agreed. And the reappearance of MD Sawzall is another market “tell.”

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  58. kurt

    jake in that case then you wait for a sell-off in the US and then buy fxp??

    Fly: You need a tape reader on this site.

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  59. JakeGint

    Kurt — Well, FXP precedes the Chinese exchanges, too. Note, last night’s action after she was down big yesterday. Look at the pre-market here, this morning.

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  60. W. Churchill's ghost
    W. Churchill's ghost

    Just to properly frame my comment above, I suspect the Fly is engaging in his patented subterfuge – reverse psychology/sarcasm in order to confuse the tape.

    Because having haunted this shitbox for quite some time, I am willing to stipulate that “The Fly” wins, even when it appears he is losing badly.

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  61. Charles DeGaulle's Ghost
    Charles DeGaulle's Ghost

    Sacre Bleu! We were to pic-i-nic at Dunkirk today, wot are you doeeng heeyer?

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  62. JakeGint

    The Yensters are willing to blow up their own economy in order to save ours.

    How sporting of them.

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  63. kurt

    wtf is going on with these steel names

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  64. watching

    the correct answer is … SMN and their ilk. Rotation out of commodity plays getting under way. Next move in raw goods pricing is down. Beneficiaries are commodity consumers, rotation into multinational industrials and emerging markets.

    Look at ag/metals.

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  65. BOOMER

    Fly – lately I can’t tell when you are being serious or sarcastic.

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  66. kurt

    watching: so ur saying that the fed is going to stop cutting rates

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  67. DB

    I think we get another 25 bps cut and that is it. If that happens the dollar should do very well. I am looking at going long UUP.

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  68. gappingandyapping
    gappingandyapping

    FXP is up ofcourse. Odd no?

    By the way SMN is coining money now. LNN is shitting.

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  69. JakeGint

    Kurt — Fed HAS to stop cutting rates, unless you want to start insulating your house with five dollar bills.

    That said, they’ve probably got one more to go.

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  70. JakeGint

    FXP is up ofcourse. Odd no?

    Not at all.

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  71. larry

    Alias: BPOE

    XFML!!!!

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  72. idealxcynic

    Fly, you were a bit early on your AG shorts, but I think you will be right in the next few months… like Woody says, your greatest strength is patience and brass balls, hahaha. But FXP is lame.

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  73. hmmmm

    new home sales plunge to lowest in 16 yrs, lets all buy financials. what the fuck.

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  74. Paradigm Shift

    FXP will go to $100

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  75. idealxcynic

    Paradigm:

    Probably not before it goes to 50, China is on a mission to keep it’s markets up for a while.

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  76. TraderCaddy

    Just buy regional banks (KRE),brokers and short commodity stocks like gold. The market smells something.

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  77. LOL 🙂 Hahaha

    idealxcynic Says:

    Paradigm:

    Probably not before it goes to 50, China is on a mission to keep it’s markets up for a while.

    LMAO – Look at it today it is 114. He obviously didnt have a clue. I love the chinese market but this video I saw about the pollution there made me think it can be an issue for their future if they destroy their environment

    Does anybody still think FXP goes to $50

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  78. oops the video didn’t go through

    http://www.youtube.com/watch?v=EBkaT1kGrGs

    that was the one.

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  79. ShortBus

    Anonymous: If I could mark that comment as SPAM and flag you as a “pump and dumper” I would.

    Anonymous -1 Trillion karma

    That is a penny stock which is being pumped by the OTCJournal.com and should not be touched. Read their disclosure documents to see how much they and “Anonymous” gets paid to pump stocks.

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