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

Prosperity Springs!

I have important matters to look after, so this quick note will have to suffice as today’s closing comments.

As you know, “The Fly” has snapped, causing him to allocate large amounts of appreciating dollars into financial stocks. I just like them. No rhyme. No reason.

Just today, I received multiple unsolicited buy orders for ridiculous banks. Normally, I’d fight the counter-party, in order to stop such transactions—but not today.

No, today everything changed. From here on, bank executives will be eating their mashed potatoes with gravy, as opposed to plain with salt.

I had to reshuffle many things.

For example: I trimmed back some [[SRS]] and covered all of my shorts, except [[POT]].

In addition, right now I have zero [[SKF]], zero gold and no bets against the consumer.

Despite what the coffee fags from [[SBUX]] say, the American consumer is on fire or “en fuego”— if you prefer a little latin flavor.

In closing, “The Fly” is well on his way to great success and unparalleled command of the U.S. and global stock markets.

Top pick: MER

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60 comments

  1. alphadawgg

    Good times!

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  2. The Fly

    Good times.

    Here, here!

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  3. Zorro

    If you will please stand now, I would like to make a Z in your Corinthian leather chair.

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  4. MasterDebater

    Nice going, you top-ticking traitor trader. May your longs burst into flame and may your covered shorts fall off Grand Canyon sized cliffs.

    I curse you. And this manipulated market.

    Stocks are for asshats.

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  5. The Fly

    Hey, don’t be a playa hater. Hate the game.

    It’s worth noting, my FXP and SRS positions are quite big.

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  6. Juice

    I guess this means we should go long DECK, in size, before earnings. After all, summer is well on its way & what better way to stroll around the beach, than in a pair of furry-ass boots.

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  7. gappingandyapping
    gappingandyapping

    Good luck. I myself did buy a little BBD but other than that I hear a bell ringing. By the way SMN could be about to break out.

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  8. The Fly

    I regret selling much of my SMN. It is going to 50 and POT to 90

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  9. Mushroomz

    Does no one here like tech? Simis have been killing it this week. I like MU to breakout above $8

    ININ is my all round favorite stock/biggest position

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  10. gappingandyapping
    gappingandyapping

    DECK numbers out. My balls are flaming. Yah! Consumer is no doubt en fuego. They will be buying every fucking fad this summer there is. Get your HLYS and CROX bids ready boys the consumer is just bulging with cash due to the efficiency of 120 oil and $4.00 gas. It run so much better. Don’t forget how you only need to eat once a week with the better rice and corn. Loving it!

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  11. Q4

    I’m Sprung

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  12. Helicopter Ben

    If DECK keeps putting numbers up like these, I may just have to disband the PPT.

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  13. Amy Winehouse

    Am I high or just confused? Fly, is this some exercise in irony?

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  14. Gunners

    clunk…

    the sound of my head getting chopped off

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  15. Dinosaur Trader

    I can’t tell if you’re being sarcastic or if you believe all this shit…

    -DT

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  16. Uncle Sam

    Just announced, pair of Uggs to be sent along with stimulus checks.

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  17. nullpointer

    DT:

    at first i thought he was sarcastic, but i think he snapped

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  18. Dinosaur Trader

    Yes… he sounds like he has lost it. Interesting… perhaps I can somehow profit from his insanity.

    Hey Fly… wanna weekend blog? Join the VO, maybe?

    -DT

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  19. Bill Fleck

    Dennis Kneale, whom I have only heard utter a few phrases is w/o a doubt the single dumbest commentator of all time…he makes all the rest look like geniuses.

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  20. Granpa

    Gun man,
    Bro, you ain’t alone.

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  21. Aris

    hahaha what a pile of crap. oh, yeah, all of a sudden the consumer has a bunch of money to spend. i just saw a homeless lady buying a new shopping cart with cash.

    oh and fuck DO for taking a dump on their earnings yet again and fucking my RIG position.

    and fuck POT just because.

    all of a sudden WM is worth $12? give me a break.

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  22. Danny

    I told you tards not to short DECK. I know hot girls and you can never bet against them.

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  23. CubsRock

    KBH saved my ass today. It’s always nice to hold a pos in times like this. SRS seems to be acting fairly rational lately, might need to add to my position in it.

    Top Pick: QID

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  24. JakeGint

    DECK will be shortable tomorrow, bank it.

    Looks like Mr. Softie is living up to his name?

    Ruh roh?

    “Flyshedder top.”

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  25. Employee8

    Apparently the SEC dropped charges against The Fly for his “short rants” on LEH in return for his support of the U.S. Banking Rescue Team via financial investment and posting of propaganda ….

    Awls well that endz well ….buy the banks!!!

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  26. Danny

    shorting DECK tomorrow is not the same as shorting into earnings

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  27. DickBove

    Jobless claims were a yawner. Much to the chagrin of all the doom and gloomers talking about depressions and such bullshit, consumers still have jobs so consumption isn’t going to fall off a cliff.

    The market is marching back to the October highs with or without you. The Fly finally figured it out after the market went 10% in his face in a month.

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  28. MarketRaider

    So financials not only go O-Dogg on the shorts today, but Deck (thank god I did not short this beast) posts great numbers and stock is flying after hours. Is today the revenge of the ugly betties?

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  29. Zorro

    …I am so sorry Señor Gunners….I only meant to make a “Z”….mi culpa…chit chit chit

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  30. alphadawgg

    Hey, don’t forget that DECK also has steel-toed work boots and gay slippers, not just ugly furry boots worn by hot Cali chickies. It appeals to the masses….not just a one trick pony.

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  31. JakeGint

    shorting DECK tomorrow is not the same as shorting into earnings.

    Shorting anything into earnings is kinda nutzo.

    Mr. Soft, lookin’ for the twennies.

    No matter, party on Garth.

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  32. alphadawgg

    Jakey,
    You back on the short POT wagon, MON?

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  33. lol

    Well, buying the banks is ok if you are willing to average it down 15-20% or more, like Jim Rogers has done with China.

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  34. JakeGint

    DECK makes Tevo’s which I have.

    Still shortin’ it.

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  35. JakeGint

    Dawg, I have never shorted POT.

    Not even inhaled.

    No, closest I come to that is SMN longs right now.

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  36. mrkcbill

    JakeGint wears Tevo’s [sic]

    Who would of thunk that.

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  37. alphadawgg

    Jake, they’re Teva’s…I got a pair too. Tevo’s is some kind of tech shit having to do with watching TV.

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  38. Zorro

    Señor “Fly”…..many are against you now…have no fear…the Sword of Zorro will protect you…(sorry about Señor Gunners, but he moved..)…if necessary, to prove myself, I will bring you the tiny dried balls of a Fed member selected by random draw….

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  39. gappingandyapping
    gappingandyapping

    MSFT shitting the shower.

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  40. Employee8

    Dawg, That’s a TIVO for the TV … dummy up!

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  41. JakeGint

    No, they’re really Tevo’s.

    He’s my gardener.

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  42. TraderCaddy

    How do these companies know what kind of earnings and revenue they will have in ’09? Do they just make it up? I don’t even know if I will wake up tommorrow let alone what I will be doing in ’09.

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  43. Employee8

    Looks like they will be making reversals of the write-downs now that Pimpco (sic) and others have created a market …. the reversals will be their income going forward until we get to 09′ period then they will refinance Europe and Asia …

    Good Times!!!

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  44. alphadawgg

    TC,
    The companies consult Fly’s voodoo witchdoctor and a preliminary number is determined. The Fly then threatens to withhold the witchdoctor’s allotment of pure white chickens if he doesn’t devulge the earnings numbers, thus blackmailing him for inside information. You can probably figure out the rest.

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  45. alphadawgg

    8-
    Bullshit. Tivo is a village in Italy.

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  46. Scum Bucket

    The curse of Mr. Mortgage made him do it. Just days before the fed no less. Bad juju.

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  47. bhh

    DUG vs DCR?

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  48. Q4

    Dayum. Passenger 57 (actor Wesley Snipes) got 3 years PRISON time on tax charges. Don’t fuck with the IRS, son.

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  49. boca

    Wesley Snipes is going to need a copy of this book

    http://www.amazon.com/gp/product/1893626229/ref=olp_product_details?ie=UTF8&me=&seller=A2IZHPSC3CTGB8

    He sure is fine though. I’d send him my copy for free.

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  50. shortcover

    interesting new reverse ETF…AGA…dubble short ag/commodities…vol ticking up…may work in tandem w/ SMN…or it could be another way to rip coin out of trader’s pockets…

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  51. shortcover

    also – LSO provides exposure to hogs/livestock…and EOH to sugar and coffee – may want to tell the boys at SBUX about that one!

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  52. Q4

    Has this market made a

    Transition

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  53. Dinosaur Trader

    Strategies for getting your neighbor’s dog to stop barking… anyone?

    -DT

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  54. TraderCaddy

    I haven’t had any problems shorting DBA (or DBC) but for a daytrader like me I have to wait for more volume on AGA as the spreads are still too wide. I tried to short XLB today but none available which was a load of crock. SMN is a pain in the ass because of the spread although it has decent volume. SMN is a moneymaker for the market maker. I will NEVER trade SMN as a daytrade.

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  55. Woodshedder

    Trader- I had to actually call my broker to get XLB.
    DBA was easy to get the few times I sold it. I wish I wouldn’t have covered my DBA short. ARgggggg

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  56. Kiwin

    Wesley Snipes is going to be someones pertty (sic) girlfriend for 3 years. He will be sodomized by large men, this is the penalty for not paying taxes.

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  57. WallStreetHunter
    WallStreetHunter

    DT,

    Call the City By-Law Enforcement Office. Most places have guidelines and impose fines if “Skippy” won’t shut the fuck up.

    Here it was $1500. They first send out a letter that outlines the fine, and mentions someone complained, and you might get a copy of the letter with a log sheet to record the times and duration, if it continues.

    Here, “Skippy” next door, STFU immediately. Guess DoucheBag DumbFuck, his owner, didn’t want to pay the fine.

    If it continues, ask Fly, I’m sure he “knows a guy or two” that could do a drive by.

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  58. gappingandyapping
    gappingandyapping

    Anyone here notice that Blackrock liquidated the fuck out of one of their funds this week? http://www.mffais.com/institutions/125806/

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  59. Fabregas

    HSI went from 20500 to 25850 in 6 weeks, and Fly gets hot on Chinese stocks. Fucking brilliant.

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  60. Aris

    peanut butter to shut the dog up

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