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
21,316 Blog Posts

Fly Buy: UYG, WB

I bought 5,000 [[UYG]] @ $33.05, 5,000 [[WB]] @ $27.38 and 5,000 [[CORS]] @ $9.35.

Disclaimer: If you buy UYG, WB or CORS because of this post, another big bank will be bailed out. And, you may lose money.

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11 comments

  1. gappingandyapping
    gappingandyapping

    Uh???? Are you off your rocker?

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  2. huh

    Wow, I guess it makes sense, the market doesn’t seem to care about negative news, and the fed has the banks back, A lot of tards ruled the dot com era, and major coin was banked, and a lot of money on the sidelines, but hell, don’t you think there will be another bank that has problems first? I guess all this fed cutting rates is rediculous and the banks are basically borrowing money for cheaper than free if you consider inflation…
    Forward looking market might not even care about what happens. in the future, because the 30% downside will be wiped away eventually, so they buy now, and don’t even care.
    It’s just crazy though, I feel I’m at the wrong blog.

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  3. JakeGint

    Where’s Bruce been all day? Is he getting another meeting with the green folk?

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  4. gappingandyapping
    gappingandyapping

    Now what happens if the market decides to top at 13,000? What is your exit strategy? High beta like CORS? Me don’t want to play there.

    By the way if we fail 1400 again it could get bad.

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  5. Woodshedder

    I own WB. They have the best customer service, year after year. That’s why I bought their stock instead of Skank of America or others.

    Funny. If you would have been taking Paulson’s advice to buy the banks or we will kill you…must have been your subconscious speaking through you.

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  6. watching

    UYG I can conceive. But CORS? CORS?? Them condo loans ain’t never comin back.

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  7. Dick Bove

    Show ’em how it’s done, Fly! Selling banks short is what the do in France. Here in America, we smoke cigars, eat meat, and buy banks! Huzzah!

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  8. kurt

    i hate you fly

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  9. larry

    Alias: BPOE

    XFML!!! up 10%

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  10. h

    Forget financials… Yea for Visa!

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  11. Margin Call

    After sniffing glue all night, I decided to go long XFML. Love that football stuff. Anyway, thanks for giving me the courage.

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