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
23,541 Blog Posts

PARABOLIC

The spike in oil is so alarming, immediately following this post, I will fill up my Lexus gas guzzler, with a fresh tank. And, I will call my wife and tell her to fill up the other cars.

With oil spiking like this, you have to be long energy stocks.

For a short squeeze, my favorite is [[FTK]].

My preferred “dunk shot”: is [[RIG]]. And, based upon valuation, [[PCZ]] is cheaper than a Bronx whore on a rainy night.

All in all, “The Fly” is enjoying Godly returns (+3%), as everything is working, with exception to a few stupid longs. However, for the most part, my big energy positions, coupled with my inverse ETF “funhouse of death and carnage,” are working hard.

Keep in mind, should this market continue to slide, you will find no safe quarter in equities, regardless of sector. Instead, you will receive the ominous “black flag,” which is never a good thing.

At some point, EVERYTHING becomes a “source of funds.” So, in order to protect your bullshit accounts, ignore the newly invented “bull ball juggler”: Rick Santelli, and sell short some stocks.

Personally, I wish grave things to the fucktards in China. Sell short [[CHL]] with impunity, based upon valuation and gayness of its host country. Moreover, it may be time to nail [[LEH]] again, being that it’s up for two consecutive days.

Top pick: [[FXP]], short CHL

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25 comments

  1. InternationalGroupie

    The drop at 1027 will not lead to a new low. Theres still stabilizing volume in DIA is coming.

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  2. gappingandyapping
    gappingandyapping

    What are you doing with COWN?

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  3. The Fly

    I’ll cover COWN at 5.

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  4. calvino

    Tom Hagen addressing Senator Kefauver: Sir, Rick Santelli’s brother came to these hearings of his own volition. He is a free man and a citizen in good standing in his home country of Italy. Senator, this man is only here to support his brother Rick, and he does not speak a word of english. SEnator, the Committee owes and apology!

    update, the covey of douchebags thinks they will alight in the hated ags and all will be lovey dovey. Fuck that. I want to see Estes Kefauver calling market manipulation on these fert prices which are now fucking with Joe Farmer’s ability to plant . YOu can not hide your rottenness = the redemption and margin calls are coming. Get a fucking hack license, fuckwads.

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  5. Moody's

    “And, based upon valuation, (PCZ: 58.63 +1.58%) is cheaper than a Bronx whore on a rainy night.”

    – Fly Adami

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  6. InternationalGroupie

    Is there a way to design a ticker that compares the percentage of +/- for dow jones and dia and have it put on this site?
    I believe on days like this and other DIA influenced days can help daytraders?

    AS a function of (delta dow/delta dia) anything below .98 has something fishy tool?

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  7. InternationalGroupie

    Currently its .97

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  8. gappingandyapping
    gappingandyapping

    Anyone here like HRS? I own a half position from early this week when it shit to 55.30. I think it still has 10 points of upside NT.

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  9. InternationalGroupie

    ITs 1040 and were right at a temporary support.

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  10. InternationalGroupie

    tanking now

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  11. InternationalGroupie

    lower low and lower high…good daytrading short now

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  12. Green Writer

    Pay close attention to oil over the next few days. We either do a double top or we blast off to new highs. My guess is new highs, but I have been wrong before.

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  13. InternationalGroupie

    its .984…letting the dow do what it wants

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  14. InternationalGroupie

    market looks indecisive right now

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  15. InternationalGroupie

    its 1050 if high volume uptrend occurs now in DIA expect a bounce.

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  16. InternationalGroupie

    Called it..high volume here….awwwww

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  17. larry

    Alias:BPOE

    Took profits in GIFI. It is starting to act funky. I hope it goes up. If it doesn’t I am unable to express in human terms the result. It is not good!!!

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  18. InternationalGroupie

    ? two high volume specs in DIA wha does this mean?

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  19. aae

    No more shares of leh available to short at my broker.

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  20. InternationalGroupie

    So the high volume is there to support and not for a bounce…i see.

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  21. alphadawgg

    Is Jake “International Groupie”?

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  22. InternationalGroupie

    Nope, im one of those brown labor workers who wants to bankcoin.

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  23. InternationalGroupie

    its .99 ..letting the market do what it wants

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  24. The Fly

    Thanks for the meaningless spread updates. I don’t know what I would do without it.

    Back to throwing bags of flour out the window.

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  25. Sir Douchebag

    Congratutions on the reverse deballectomy on FXP.

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