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

Banks Are Absurd

By the time this whole credit debacle is finished, many small to mid sized banks will be “zeroed out,” or close to it. You know I believe [[FED]], [[WM]] and [[DSL]] will be worthless, inside of 12 months.

I’m adding [[FHN]] to my death spiral list. And, don’t forget about [[CORS]]. I really don’t see how they can make it.

Do your own research.

As you can see, the stock Gods are blessing “The Fly” with bountiful gains in [[NOV]], [[SKF]], short [[LEH]] and short [[POT]].

Getting back to the financials, just so you know, I own two: [[BAP]] and [[AIZ]]. Sometime soon, I will explain my asset allocation methods and how to avoid getting your legs blown off, holding stocks like [[HANS]] or [[SNCR]].

Hopefully you fucktards understand that a certain level of discipline is needed, in order to stay in the game—long term. Sometimes, I get the sense most of you are just going “all in,” one idea after the next.

With my money, I will sell off my trading [[FFIV]] and [[NTAP]] positions and short more [[LEH]].

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15 comments

  1. Fabregas

    VISN (FMCN wannabe) – shorted @ $16.9 (so glad I got filled)

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  2. Gunners

    why doesn’t the HANS ticker ever work?

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  3. Kiwin

    My favorite bank is RBCAA

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  4. green writer

    A close on SKF above $102.45 should allow a push up to $110-$112.82….Let the death spiral begin.

    Thanks for the extra push in SKF yesterday senior FLY.

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  5. kurt

    watching the tape on xlf is absurd.

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  6. JakeGint

    BAP getting “Bapped” “Emerald-style” by JP Morgan Bilderberger.

    Can’t have them South’Muricans doin’ better’n them.

    ____________________

    Kiwi — not sure why you like Republic, but FYI, the bulk of their growth comes from mortgage origination and OTB-like credit swindling (like check cashing).

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  7. Aris

    what the hell is going on with NOV? that thing exploded up, but i can’t find any meaningful news.

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  8. The Fly

    NOV up on rumours [sic] that “The Fly” is buying it.

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  9. Topper Harley

    NOV up on unconfirmed chatter of new contract win

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  10. ZenProfit

    Mr. Fly:

    You wrote: “Sometime soon, I will explain my asset allocation methods and how to avoid getting your legs blown off, holding stocks like (HANS: 0.00 N/A) or (SNCR: 12.555 -3.72%)”

    That would be a much anticipated post. Thank you.

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  11. Fly – pls shoot a laser beam into MON

    Down with corn fuckers

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  12. zephler

    ENER stomping bears….

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  13. Employee8

    “As you can see, the stock Gods are blessing “The Fly” with bountiful gains in (NOV: 72.77 +5.65%), (SKF: 101.86 +1.81%), short (LEH: 42.97 -1.54%) and short (POT: 196.22 -1.28%).

    Getting back to the financials, just so you know, I own two: (BAP: 81.62 -1.89%) and (AIZ: 66.16 -1.91%).”

    Yesterday @ 4PM from A Glorious Day:

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

    So NOV, AIZ & BAP are not longs???

    I see how they fit your strategy but technically they are longs and you really didn’t sell them …. I’m filling in for Duc today.

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  14. The Fly

    Employee:

    I didn’t sell everything you ‘tard.

    WTF?

    Do you think I am managing some bullshit online trading account? To clarify, I sold out of large trading positions, as indicated in earlier posts that day.

    I’m still long a bunch of stocks, namely RACK.

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  15. Employee8

    I am only managing a third tier bullshit online trading account …

    So sorry!

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