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

A Glorious Day

I offer no advice, merely rants of my market “Godliness.”

Just know this, I share very little with the internet kind. Most of my trading is done in the darkest corners on Wall Street and the size of my transactions are often minimized, for secrecy purposes.

I will tell you this, listen very carefully:

“The Fly” is back in the most egregious way possible, via absurd gains. Today represents the single best trading day of the year, for Senor Tropicana aka “The Fly.”

During the session, I sold out of my longs and reversed to heavily short, with exact precision. So sorry.

Today’s gains stand at a staggering, but not surprising, 8%+.

Read it and weep, “clown fucker.”

Off to eat a piece of rare beef.

UPDATE: I am listening to the [[HANS]] conference call. Let me just say, it is, by far, the worst call in company history.

Stay away.

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46 comments

  1. zephler

    classic smack down wednesday before options expiration – next week we will be up at least 500+ from here.

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  2. gappingandyapping
    gappingandyapping

    Congrats with that SKF, that was one hell of a call.

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  3. mrkcbill

    Nice time machine. Can I get into your fund. I now Ghost own 1,000 shares of Fly’s Fund.

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  4. Shorticus, Demigod of Financia
    Shorticus, Demigod of Financia

    Welcome back to the Temple, my wayward son.


    The Prodigal has Returned!

    Slay the Fatted Calf!

    His colon be damned!

    .

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  5. hornsfan

    Opex is a week from Friday; May 16.

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  6. DPeezy

    CROX back “in style”!!?

    HANS…not so much.

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  7. Gunners

    i think he meant “wednesday before options expiration week”

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  8. gappingandyapping
    gappingandyapping

    OH DEAR GOD! Glad I pulled my HANS buy thanks to the market maker of that stock, Fly.

    Fly when can I get the all clear?

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  9. The Fly

    HANS is probably a buy right here.

    It always rebounds the next day.

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  10. Uncle Sam

    LOL had just bought in AH, 30.51. Hoping to get more under 30.

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  11. Juice

    well done Señor Tropicana

    Now try and spell your nikname[sic] correctly with appropriate lingual inflectionados.

    Muchas gracias,
    Gestión

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  12. Hans Newby

    Buying HANS, HANdS over FISTS!

    KO will pay 50 smackers for them.

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  13. gappingandyapping
    gappingandyapping

    Made an entry buy at 30 on HANS. I have 3 more buys should it continue lower. Fly are you going to buy anymore in the future? Sorry for the questions on it but I know your the master of its domain.

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  14. SatanicChihuahua
    SatanicChihuahua

    Tropicana just filed for bankruptcy. Hope that’s not an omen.

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  15. Woodshedder

    Jake’s got a piece of “rare meat” for you, and I bet it is 2.5 inches…just the way you like it.

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  16. The Fly

    Homo.

    Gap:

    I am not buying yet. The margins are lower, as expected, due to production costs.

    I want to hear the conference call first.

    Just know, HANS may have a problem passing along cost.

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  17. Shorticus, Demigod of Financia
    Shorticus, Demigod of Financia

    Sounds like the young Woodchopper’s been caught feasting at the Temple of DenKnealeus again.

    You know what I always say, children…. “Pity the heretic, do not shun him.”

    Yes, even those with inappropriate sexual urges.

    .

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  18. Daytrader

    Conference calls are for pussies.

    btw, the CC on HANS is priced in at approximately 30.11

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  19. gappingandyapping
    gappingandyapping

    Thanks Fly I will hold any and all further buys until commanded by you.

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  20. DPeezy

    Ummm, ‘shed…I’m not sure I want to know about Jake’s raw 2.5 inches and whether or not he offers it to The Fly.

    YSAF.

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  21. CubsRock

    We bounced right off the spy support. Hopefully we can gap under that support 1390 tomorrow morning.

    Looks like HANS is headed to $26. The Fly said avoid it a while back. Only thing that changed was this bear shit rally where everything shitty went up.

    Some WSJ:
    Soros: Market Will Retest Its Lows

    Stocks are currently in a “a bear market rally,” and will probably retest their lows of earlier this year, George Soros says.

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  22. Hattery

    well, you did tell us earlier that the rally was overbought, or however you said it. Thank you SKF, glad I bought back in around 93

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  23. Woodshedder

    Sorry, I was temporarily overwhelmed with excitement by today’s winning trades…

    DP- what is YSAF?

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  24. gappingandyapping
    gappingandyapping

    DT: Where can I get one of those counters, like the one on your site, that shows how much I am paying for worthless fucks welfare each day? Free cable TV, shit like that, XM Radio in prison and shit.

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  25. Maria Annoying Voiceromo
    Maria Annoying Voiceromo

    My stellar, if I do says so myself, interview of Big Jimbo Rogers. And he ain’t got no 2 1/2, like the aformentioned above.

    http://www.cnbc.com/id/15840232?video=731336477&play=1

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  26. DPeezy

    Y – You’re
    S – such
    A – a
    F – “cigarette” (for ducati & his noble British roots).

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  27. kurt

    congrats, and interesting post.

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  28. Mushroomz

    lol fag!

    (not you)

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  29. Mister Ed

    Fly you are amazing…

    http://www.youtube.com/watch?v=WLR4iZJLgc4

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  30. Woodshedder

    DPeezy…you are getting kinda edgy, and mean.

    I like it!

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  31. gappingandyapping
    gappingandyapping

    HANS is reacting decently now.

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  32. JakeGint

    Mister Ed, what the fuck? Are you trying for a new kind of freaking Rick-roll or something with this Mr. Ed clip?

    Give it a rest!

    _____________________

    Oh yeah, and Wood and Peezy, please continue to blow each other, with muy gusto.

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  33. larry

    Alias: BPOE

    FLY: Great tip on china stocks!!!

    I sold all my China stocks just in time.

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  34. Big Mike

    Look people,

    Play the oil bubble through Natural Gas without getting your legs blown out.

    I wouldn’t entirely load up your books on shorts yet; the March lows trend still intact; Woodshedder will probably confirm this as well.

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  35. Ara The Silver Throated Armenian
    Ara The Silver Throated Armenian

    In the category of desperate men do desperate things, we just announced plans to stick it to our loyal shareholders to the tune of 25% dilution. It’s a couple of dollars off the 6 year low, so why not?

    Nothing like paying myself a handsome salary, giving myself a generous annual bonus, and cashing out tens of millions of dollars of stock at much higher prices than the company is now going to sell them.

    You may hate me, but you love my hair. Admit it.

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  36. Newbie

    Fly:

    Thanks for the HANS call. It was very tempting to me after I missed it in the $31-$33 range.

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  37. till death Republican
    till death Republican

    According to my idol, Lawrence Kudlow, the market got spanked today because it’s worried about a democratic 3 house sweep this fall.

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  38. Small Titi

    Still nibbling at SRS. Some of the holdings have absurd growth-like P/E.

    GGP: 106 PE
    BXP: 106 PE
    PSA: 79 PE

    Pricey:
    SPG: 50PE
    BXP: 39
    KIM: 31

    Compared to:
    AVB: 22
    PLD: 17
    VNO: 28

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  39. Q4

    HANS – Fuck you.

    No Vaseline

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  40. Woodshedder

    Jake, don’t worry, many men suffer, as you do. I’m sure there are sympathizers out there…

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  41. gappingandyapping
    gappingandyapping

    My personal opinion is that the street is going to start pricing in the risk of an Obama win after last night. It would be utter devastation in the market place. I think today could be the start of it on top of other things.

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  42. AU CONTRAIR

    FLY, nice call on loading up on the SKF and catching today’s run. I hope you took profit on it today.

    The “FLY talking shit indicator” has assured us of a 200 point up open tomorrow on some bullshit rumor out of Europe.

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  43. DEVILDOG

    Long SRS, SMN & REW.

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  44. Steve

    Interesting, gapping. If that is the case then the oil stocks should get the beat down as well since he’s gunning for them.

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  45. buckeye bob

    so far, Asia is not following the re-melt down script – guess I’ll just watch basketball tonight

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  46. hannamontanna

    Aight, looks like the fly is back on track. Musta had da flu or sumpin. You have Hanna’s blessing.
    BTW, coinstar will be a monster short. Those vidjo machines are coming back from walmart. Dildo’s are talking it up on CNBC, go short hard.
    Welcome back,ya jagoff.

    just saying.

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