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
23,431 Blog Posts

Here’s My ‘Theme’

Every morning, short [[LEH]]. Then, I look around the casino, pick up a few loose chips and go home.

So sorry fuckers, but if you want “The Fly” to stick with a specific theme, after such a monster run, you’ve come to the wrong blog.

After all, this site is not about you; it’s all about “The Fly” and his glorious rants. Fuck around, I may never discuss stocks again. I may turn this blog into some sort of activist website, to promote the use of plutonium in our weapons—which is a whole new topic.

“The Fly” is all about complete war, from the comfort of his couch.

I nabbed some [[FMCN]] cheap. Now, I will sell the entire position. The net result: I bagged 7 points in a week— 1 per day if you will.

Right here, right now, I am buying back the [[SKF]], which was sold this morning. And, I am throwing a “big dicked” short position on the retards from LEH.

It’s still early, but the the market has an underlying weakness to it. [[SHLD]] is having its cock chopped off, while [[YHOO]] melts up.

A fascinating paradigm.

Top pick: short LEH

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22 comments

  1. The Game is Rigged
    The Game is Rigged

    Shorting anything is the fastest way to have Bernanke and Cramer knocking on your door. Goddamn shorts, we’d be at 25K without them.

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  2. AU CONTRAIR

    Good luck Bearshitter…SKF will be cement block arond your neck dragging you down. FNM reported poorly today, yet the stock gapped down 5 point and now is positive, skinning all bearshitter in the process. SKF is done. It’s time has come and gone. Move on.

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  3. Cajun

    L.ower E.very H.our

    Hat tip: BOTD

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  4. The Fly

    Time is needed, young asshats.

    Let time sort out who is correct.

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  5. Flux Capacitor
    Flux Capacitor

    Flux supports plutonium armaments! Makes good fertilizer too.

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  6. MarketRaider

    Fly, if you don’t mind me asking, do you still have a position FNM and still believe its on it’s way to 0? I shorted a couple thousand today at about 30 after that asshatic spike but this stock seems a bit sketchy to say the least.

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  7. The Fly

    No FNM

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  8. Big Mike

    Why short financials, when you can go long Steel stocks (if you cant beat em, join em)? I like SID or GGB (both steel firms from Brazil). Brazil(Bovespa) had a MAJOR breakout to the upside after consolidating from October 07- May 2008 to an all-time high.

    For those that wanted to buy WMT on the dip, here’s your chance this week.

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  9. JakeGint

    Frenchie —

    Go all in long, s’il vous plais?

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  10. CubsRock

    Welcome Back Bear Fly, it was a long 2 hours!

    /me gives The Fly a high five.

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  11. Flo-jo

    It seems The Fly has his mojo back.

    It also seems that GSS will have a bad quarter this evening. The plan is to buy it, in size, after they report.

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  12. HoJo

    Anyone want a waffle and a place to bed down for the night?

    Only $39.99!

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  13. alphadawgg

    $39.99 is retail. You can do better.

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  14. JoeyBagofIrrationalThesis'
    JoeyBagofIrrationalThesis'

    Just buy 100 shares of X every day for the rest of your life and you will never need to worry about coin ever gain.

    Throwing darts was never this fun!

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  15. JakeGint

    Hmmmm… I made a lot of money in GSS back in the days of the post dotcom meltdown….

    And look at that five year chart! Whatta massive triangle!

    Looks like it should come back to about… what? $2.90 or so here?

    Of course the better bet would be to wait and buy it coming out of the triangle consolidation.

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  16. KoKo

    Anyone got a banana?

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  17. ALERT – GET OUT OF THE MARKET – FALSE FLAG ALIEN ATTACK COMING

    DOWN WITH RATZINGER

    –>JEFF

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  18. Scum Bucket

    I am a Scum Bucket.

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  19. Kiwin

    I think SCHN is a good steel stock.

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  20. Scum Bucket

    The Fly is a race horse.

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  21. The Fly

    Liar.

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  22. AU CONTRAIR

    JakeGiant,

    I am all in long and banking coin.

    Fu toi

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