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
22,037 Blog Posts

“Just a Bag of Shells”

[youtube:http://www.youtube.com/watch?v=20NMcX9UkIU 450 300]

This is Woodshedder, after a successful rsi2 trade.

If you enjoy the content at iBankCoin, please follow us on Twitter

8 comments

  1. Employee8

    So you’re putting in an extension phone on your fire escape or sending your in-laws to Florida via your new found wealth?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. JakeGint

    Classic Olde School Crooklyn, represent!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Danny

    that was an impressively hilarious analogy.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. ZenProfit

    Merrill Lynch Pierce Fenner and Fly

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. Drugged Kass

    Doug Kass
    Extraordinary Value in the Financials
    6/12/2008 8:15 AM EDT
    Big call this morning out of Morgan Stanley’s (MS) strategist to overweight financials and underweight energy — a notion I am entirely in agreement on.

    From my perch, I believe that many disbelievers in financials and believers in energy are essentially playing the price momentum and are ignoring the value one on hand and the lack of value on the other hand.

    I recognize that value is in the eyes of the beholder. That said, it is important to recognize that many macro indicators of the credit market are stabilizing (e.g., swap spreads not widening and bank preferred issues and bank debt not falling). As well, TED spreads and bids to cover at Fed auctions are not indicative of rising financial sector stress — all the while the KBW Banking Index (BKX) moves ever lower.

    Looking at financials for the intermediate term, I find extraordinary value.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Can of Corn Humper
    Can of Corn Humper

    Holy Shit! Gasparino reporting Erin Callan shitcanned as CFO at LEH.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Hattery

    lol Callan out after 3 billion dollar QUARTERLY loss. Now in the world of “buy the rumor sell the news”… with negative news and a stock that you’re short, do you cover shorts on the news, or sell more?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. gappingandyapping
    gappingandyapping

    There are an egregious amount of errors in that note from kass. Don’t they use spell check and grammer checking?

    By the way is it still a rumor with LEH or was it the truth all along? That hedge fund manager will receive a massive amount of inflows now.

    • 0
    • 0
    • 0 Deem this to be "Fake News"