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
23,478 Blog Posts

I am Mr. Hyde

China is a very stupid place. Any stock market that is able to climb by 9% in one day is run by incompetent jackasses.

I no longer fear China, after yesterday’s display of stupidity. Put me in charge of the U.S. Naval Fleet; I’ll have them making our toys for free, within 15 days!

Regarding the market:

[[FXP]] is up. I own it.

[[CTRP]], [[SNCR]] and [[GSI]] are down. We’re off to a bad start already with these longs and shit.

Fuck [[POT]]. I’m still short the name and intend on covering, under $100. Call me crazy, see if I care.

[[SKF]] is down. Good, I am out. [[SRS]] is down. Bad, I am still in.

[[TSCM]] is down, as it should be. And, [[MS]] is up, enabling “The Fly” to short more at higher prices.

In short, I no longer have designs to blow up the globe or see U.S. indices crumble like, like a large crumb cake (bad analogy, fuck you). I think the bears are weak assholes, who do not have the gumption to fulfill their destinies.

From here on, I might become an asshole dip buyer of the worst order. The type of guy who will tell you, to your face, “inflation doesn’t matter, nor do jobs; buy more [[RIMM]].”

Oh yeah, that type of guy.

Developing…

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54 comments

  1. lol

    did you see how much potash raised guidence? going into earnings? Unless your short is hedged or something, why wouldn’t you just enter post earnings?

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  2. Woodshedder

    So what the hell? You are the asshole dip buyer, who is short?

    The fact that you added an apostrophe on destinies doesn’t help any.

    UPDATE: I just finished participating in our annual Uncivil war reenactment. As always, the south won!

    Yeee-haaaaaaaaaaaaahhhhhhhhhhh.

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  3. The Fly

    I am both long and short.

    Good day to you Sir.

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  4. Fundamentalist

    Still think its a ursa market rally.

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  5. Woodshedder

    lmao…that edit feature is nefarious. I will leave your little addition to my comments available for your pleasure, as I think you could use a little brevity today.

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  6. The Fly

    I did nothing of the sort, you little confederate.

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  7. ck

    sbux not hiring baristers anymore- you better figure out this market soon

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  8. JakeGint

    “I will leave your little addition to my comments available for your pleasure, as I think you could use a little brevity (sic) today.”

    (Sheesh, fucking squirrel catchers!)

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  9. JakeGint

    sbux not hiring baristers (sic) anymore- you better figure out this market soon

    So who’s their in house counsel? Java Joe?

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  10. JakeGint

    If you haven’t noticed, I’m in a pissy mood, and will be nitpicking globally much of the day.

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  11. JakeGint

    Source of ire:

    Anyone know why there’s a bid under HOG today? Please don’t say it’s because the fucknecks at Ford managed to swindle a currency gain into their earning report.

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  12. JakeGint

    FYI — “confederate” in it’s uncapitalized form, means “ally” or “friend.”

    Try not to be unintentionally nice today.

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  13. jeff

    why are we going up now fly, you just saying the volatility has dried up?

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  14. The Fly

    FYI — “confederate” in it’s [sic] uncapitalized form, means “ally” or “friend.”

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  15. The Fly

    Actually, the market is down today, Jeff.

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  16. chivasontherocks
    chivasontherocks

    Jake,

    do you have the investors intelligence numbers by any chance? thanks in advance.

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  17. Jake's 7th grade english teacher
    Jake's 7th grade english teacher

    Mr Gint,
    enough!

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  18. Juice

    HOG is up because they came out with the Green Hybrid Hog that will get 900 mpg, much to Jakes chagrin.

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  19. The Fly

    STFU.

    HOG is hardly up.Pussy.

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  20. weirdo jay

    Stocks go up in the long run, because there’s buying and selling and it goes up and down. When you have a 20% loss, you need a 25% gain to make up for it. Since stocks generally channel and stuff, and are bought and sold, people see greater opportunity on the long side for channeling stocks, so they generally channel upwards, beecuase there are more dip buyers than people who sell high. If people sell high, they have a chance to buy back even more with their profits, and they usually do.

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  21. JoeyBagofApples

    Why do you hate degenerate offtrack betting parlors so much?

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  22. JakeGint

    Watch who you’re calling a pussy, El Capitulato.

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  23. calvino

    csgp press realeased their quarter, comparing numbers to last years quarter. . good strategy, since it’s a double. however, comparing numbers to last quarter, their numbers are halved. 08 guidance in line with estimates. if you think commercial re will be keeping up its volume, thenthe stock will not go down.

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  24. chivasontherocks
    chivasontherocks

    lmao @ Jake

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  25. JakeGint

    FYI —

    I do not respect the non-possessive exclusion provided for it’s.

    It’s for lazy fucktards.

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  26. MarketRaider

    Fly, why of all the brokers are you focusing on MS, have you burned out on that hellcat LEH or just waiting for it to go to 50?

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  27. TraderCaddy

    When stocks like POT post good earnings and they go down that means game over. When they post bad earning like banks and they go up that means the game is on. Commodity stocks like gold suck and banks (KRE etf),XLF, SMH are good longs today for trdes.

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  28. JakeGint

    Chivas,

    I’m not familiar with it, unless you are talking about Dick Young?

    I was never on the brokerage side.

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  29. Big Mike

    For those shorting Ags, watch MOO, bouncing off major support.

    Pot under $100? Sure, after a fuckin 3:1 split; fuckin crazy asshole.

    I think DRYS is giving confirmation of breakout…good to go long, i guess…

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  30. nullpointer

    fly –

    you cant fool me with all this retro 2007 banter – i know your heart is as black as a lump of YZC coal

    in all seriousness, i feel for you on the SMN

    i fucking hate when it plays out like that

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  31. The Fly

    Thank you Null.

    I am rejoicing in the bosom of Mother Market.

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  32. The Fly

    Mike:

    POT will go up in flames. No pun intended.

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  33. The Fly

    Just loaded up in MER.

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  34. hmmmm

    wow the banks must be writing down $100B today and Chinese hot dog vendors are infusing them with cash.

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  35. weirdo jay

    If you did have equal gains and losses percentage wize, stocks would all eventually go to zero. 20% gain from 100 to 120, 20% loss to 96, 20% gain to 115.2 20% loss to 92.16. If no money is added, and the same amount of money goes in and out, this would not happen. Factor in inflation, population growth, and people investing their earnings, and you have stocks go up

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  36. chivasontherocks
    chivasontherocks

    Jake,

    the weekly sentiment #’s. do not know if it’s dick young.

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  37. lol

    wow, I can’t believe my eyes, Fly buying financials? Are you still short DSL, and LEH, and WM, and others?

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  38. MarketRaider

    Fly, sorry for asking a simpleton question but is it wise to load up on financials that are showing strength in the last few days which the market has been week? looks like they have a bit more gas in them before they putter out. I’m think MS ~50, MER ~48, and LEH ~46. Hey how about that each is decreasing by 2, how cosmic. Then again I am most likely wrong.

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  39. JakeGint

    Chivas, looks like a different service. I pulled a sample on their sentiment page from an April 12th issue, and they had bulls rising to 53.2% from about 49% … I have to think it’s increased from there, given the recent market action, no?

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  40. TraderCaddy

    The hedgies are like the Three Stooges going out of the door at one time-can’t get out fast enough. Out of commodity stocks and into chips,brokers and banks. ST target for XLF is 28-30.
    NEM posted blow out earnings and is not down as much as other golds but it should be a matter of time before it goes also.
    To those who feel you are late to XLF look at EZU etf. It’s a Europe etf with a bunch of financials and lags the US markets a bit.

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  41. Woodshedder

    Chivas- the numbers are in the IBD section B, daily.

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  42. chivasontherocks
    chivasontherocks

    Wood,

    thanks.

    Jake,

    must be different service last numbers i had from 4/15 showed 37% bulls. the aaii #’s that came out today showed a drop in bears from 48% to 27%.

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  43. Dinosaur Trader

    GS close to breaking the fuck out…

    -DT

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  44. DB

    The Ag/commodity play is done. The only way I would stay in this trade is with the oil service co’s or maybe Nat gas. The Euro is down 1.5% against the $ today which is the most since 2004 and there are talks of the rate cuts ending. Get long the dollar and short commodities. At least for the next few days………

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  45. Sir Douchebag

    It’s not a bear market anymore.

    Hasn’t been since April 1.

    Going to need some NEW bad news to sell off a market with China and India expanding like they are.

    Don’t forget — the top 10% of U.S. own 98% of the wealth. Housing recession doesn’t mean dick apparently. Those idiots don’t have any money anyway. This is the Roman Empire. The stock market has to go up because rich people own everything and everything always goes their way.

    Stick logic up you ass when making decisions. Go with gut instinct — pure emotion. Works a whole lot easier. Thinking is for losers.

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  46. Mushroomz

    CNBC makes us much, much, dumber

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  47. MarketRaider

    I cant find any LEH shares to short! this is very disturbing.

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  48. Mushroomz

    what this bear really needs is for everyone on CNBC to unanimously agree it is time to buy stocks

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  49. chivasontherocks
    chivasontherocks

    have sold somethings today ahead of softies numbers even though i’m still bullish. also, have put on quite a few collars.

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  50. Q4

    IMCL – Fuck them. Fucktards had an Auction-rate Securities writedown?! Stick with making and marketing Erbitux you fucking dumbshits. Is LEH going to start making cancer drugs?

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  51. mike

    Cover POT under $100? Is that after the 1st, or 2nd split?

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  52. Scarecrow

    Someone was looking for consumer discretionary shorts the other day. I gave you WHR, hope you made use of it (-7)!

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  53. TraderCaddy

    Could this pig market do another reversal this PM? Some of the Euro countries closed – for the day. SMH fading a bit and Euro etfs (VGK,EZU) are still negative.
    I am a daytrading fool. No wonder I take high blood pressure pills.

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  54. mike

    M. D. Fly,
    Up in flames? That would be a waste, pun, or no pun.

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