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
23,608 Blog Posts

Resistance!

Do not misconstrue my internet friendliness for softness. I will fucking kill your goldfish and have your eyebrows punched off—with a snap of my fingers.

After coming down from my caffeine high, I am paring some of my longs—selling off some [[CTRP]], [[SNCR]], [[WB]] and [[HANS]].

Although I believe the near term direction is up, I am respecting the obvious 1400 S&P resistance, despite hating those who look at charts.

In short, you are not better than me. You are a “homo-hammer” recipient and will respect my market mastery, whether you want to or not.

Good Day

NOTE: In the event the market spikes tomorrow, I have long positions in [[UYG]], [[HANS]], [[CTRP]] and [[WB]] to offset my short positions in [[SRS]], [[FXP]] and [[POT]]—giving me an overall slightly bearish bias.

UPDATE: Stay tuned for a paid commercial from Alpha Dawg.

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35 comments

  1. gmac

    agreed… AAPL slid fast. V is still ok, got a call & put for the extreme. my OIH puts didnt work out either…

    this weeks still has to play out… a bunch of eco stuff still out there.

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  2. gappingandyapping
    gappingandyapping

    BBD to the moon!!!!

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  3. 1400

    I was on the phone with my insurance company, and they said “The next operator will be with you shortly. PLEASE CONTINUE TO HOLD.” So I did! Yuk yuk!

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  4. gappingandyapping
    gappingandyapping

    Fly is there anything on FlyOnTheWall about BBD? It looks like a buyout move.

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  5. Big Mike

    Ducati…You had me cracking up for 5 minutes…

    WOW…BRAZIL people are fucking stupid…(being born in Brazil, I can say w/e the fuck I want). Brazilians banks are up at least 11% each… Bovespa alone is up 4% off the news.

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  6. The Fly

    Ducati:

    I just booked obscene profits in CTRP, WB, HANS and a few others.

    What did you do?

    Go fuck yourself.

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  7. CAP

    “Quick alert: In light of the market reaction, I am taking profits on some names.”

    SHOULD READ ” Quick Alert ” Due to my ass being lit in flames I am cutting my losses as fast as I can”

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  8. gappingandyapping
    gappingandyapping

    Big Mike: What news on Brazil?

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  9. Moron Police

    Ducati-please report for processing

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  10. hmmmm

    behold, i am the fly’s trading style:

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  11. yankmydoodleitzadandy

    GGB baby!!!

    SAN FRANCISCO (MarketWatch) — Standard & Poor’s said Wednesday it raised its long-term foreign currency sovereign credit rating for Brazil to investment grade, to BBB- from BB+, on eased debt burdens and improved growth prospects. S&P also raised Brazil’s long-term local currency sovereign credit to BBB+ from BBB, and increased the country’s short-term foreign currency sovereign credit rating to A-3 from B and the short-term local currency rating to A-2 from A-3. The ratings outlook is stable. “The upgrades reflect the maturation of Brazil’s institutions and policy framework, as evidenced by the easing of fiscal and external debt burdens and improved trend growth prospects,” said Lisa Schineller, an S&P credit analyst, in a statement

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  12. Ducati Admirer

    Duc:

    What are the drivers, as you see them?

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  13. The Fly

    Cap:

    Go shave a sheep.

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  14. Big Mike

    gappingandyapping;
    I am assuming that with the $ crashing once again, commodities play is still on…hence Brazil being a huge beneficiary out of it…

    GFA up 16%, TAM up 13%, PDA up 12%, UBB up 11%, CBD up 11, ITU up 10%, BBD up 9%…Mind you, most of these are mega-cap firms…I’m getting whacked on EEV

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  15. Dinosaur Trader

    No, Brazil was upgraded to investment grade or some shit like that… I don’t think it’s dollar related.

    -DT

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  16. The Fly

    Incourrect, yet again, Mr. Ducati.

    You Sir are beneath a monster. You are a bagel eating giraffe, driving an ice cream truck, in the middle of a desert.

    Good day.

    Go back to your shithole aka blog.

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  17. alphadawgg

    EWZ and EWT are the best emerging country ETFs right now, imo.

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  18. PS3

    I love the game resistance!

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  19. The Fly

    No need to have a discourse with you.

    Indifference is a sharp spear.

    Go haggle with Wood.

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  20. Ducati Admirer

    Selling ice cream to people in the middle of a desert is a way to bank serious coin.

    Just saying.

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  21. The Fly

    But giraffes do not have arms.

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  22. alphadawgg

    Re: giraffes
    They have 18″ tongues. Just thought I’d mention that factoid. Use that information with discretion.

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  23. CAP

    Holy shit I’m enjoying this exchange between the Fly and Duc. LOL …… 🙂

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  24. MarketRaider

    Can someone please explain to me the price action of this Satan’s spawn stock called MER. It does not move no matter what happens! Curse the day I left LEH for this stock. Lehman is all over the place like someone with a severe case of bipolar. Fuck you MER you have been trying to close above 50 for the past week, give it up you piece of crap.

    By the way the Ducatti/Fly exchange is most amusing. Carry on.

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  25. The Fly

    Ducati:

    I am sure a charlatan, such as yourself,can help fellow internet traders a great deal, no?

    How much for your services, dear Sir?

    May the proof be found in the pudding.

    My pudding is this: Your are reading the poetry of a stock God. You errors will be revealed, shortly–as always.

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  26. Dickipedia

    Ducati has just been added to Dickipedia.

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  27. brushbuck

    The Las Vegas (actually Henderson,but no big diff) police recently ineffectively tasered and shot the hell out of a female immigrant type ice cream truck driver. Killed her by God dead…in front of her kids. If sh’da had a good attack giraffe or two, it might have turned out better.

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  28. BOOMER

    “You are a bagel eating giraffe, driving an ice cream truck, in the middle of a desert.” That is funny. Do you have a mad lib generator or something?

    Duc – you are still the small minded tool you were a year ago. Why would you visit just to hurl insults? Have you nothing better to do? Please, go away you one comma eunuch.

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  29. cuervoslaugh

    “one comma eunuch”

    has to be the most unique insult I’ve seen today.

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  30. nullpointer

    it seems, to me, rather than try to get 20% of whatever short term move, it is more profitable (and takes bigger balls and conviction) to get 80% of the bigger move, ala ackman.

    hear the clock ticking?

    i do

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