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
23,532 Blog Posts

Get Out of the Way

I’m calling it a day. I have more important shit to do, than fuck around with fucktards on the internets.

The market is melting up here. If you’re still short financials, move to the side. They can rally 20-30% from here, worst case scenario.

My bets against [[JEC]], [[MXB]] and [[CAT]] stand. I will average up, if needed. My stubborn “robot like” buying program in [[RIG]] is paying dividends now. That fucker is booking higher.

[[FXP]] has reversed and is now lower. What a loser. I’ll buy more, under $80—God willing.

I sold off some [[SMN]], but still hold a decent amount.

I will not sell [[DUG]], until oil breaks loose again.

And, finally, I will not be tempted to buy the rally. Going into earnings season, playing the market is equal to playing with your balls, in the middle of a lit dynamite pile. I’d rather yell at idle pictures of Bernanke, than fuck around with financials—long or short.

Be well, or not.

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20 comments

  1. Donny

    Every dog needs a bone thrown his direction now and then.

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  2. Granpa

    Is anyone else signing up for the ‘Paulson Public Speaking Course’? I think it’s free or at least a, a, a, a, a, very cheap.

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  3. Joey Bag Of Dynamite Sticks
    Joey Bag Of Dynamite Sticks

    All fucking clear bitches!

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  4. CubsRock

    Wow, what a great day. Short SKF, Long the Homies. 2 weeks of pain erased in 1 hr.

    Print the Hammer!

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  5. DSB

    Can anyone dissect what the fuck just happened?

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  6. SRS

    Ouch.

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  7. calvino

    The chairrat just shit on you my bear friends. He has also shit on the dollar. Although you can not tell since the chairrat is selling gold. Then selling oil. This is all schemed at some fucking Japanese resort. The gold will stop going down, and then it’s time to shit on the chairrat and his fucking play currency. I will buy more francs and sell more euros.

    update. and refiners.

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  8. anon

    I think the bulls got pissed and used a dull, rusty, butter knife to cut the bears balls off.

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  9. PPT

    Fuck oFF pIKER Bears !

    This is a mans game

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  10. Crude Broker

    I was told once, “don’t sweat the small stuff.” Same is true in the markets.

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  11. Scum Bucket Bitchez
    Scum Bucket Bitchez

    So the asshats are front running earnings and playing the drop in crude. ::YAWN:: The breakout is still to the downside, IMO.

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  12. Sir Douchebag

    PPT running it hard.

    This rally depends on Ben’s bag of tricks which is almost empty.

    How they managed to tank oil $9/barrel is rather impressive though. Once again — all they can do is stall the inevitable.

    Added puts on BWLD.

    20 to 30% move in financials? Please — markets may be retarded but not that tarded. I give financials the end of the week before the beating continues.

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  13. Scum Bucket Bitchez
    Scum Bucket Bitchez

    This rally was led by the loser brigade. ABK, MBI, HOV, FED, BREEHEEHEE!! Yeah, ooh, da bears are really shaking with fear. Mostly they are just lighting their own farts on fire. HAHAHAHA!!

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  14. PPT

    We are no longer confined to the US. We have allies all over the globe. You know how much US equities have been bought by middle east oil money? Now you know why crude is off 10 smackers in 3 days. Not to mention Chinas owning our treasuries. This is a global concerted effort to keep global markets afloat. Which means when we fail, and we will fail, eventually, the global crash will be stunning.

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  15. Hybrid

    does oil up or down impact solar stocks? Why didnt solar ralley in todays market?

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  16. Jakegint

    I’ll have you know that I fully expect a post by Rag, Bilderburg’s house “man,” in the PG, on the machinations of the PPT, Global Subsidiaries Dept.

    That Skiffles sell off was something else. Did I tell you I sold the July 170’s for $9.20 last week, and I was actually thinking about covering the sons of bitches this morning (at well over $10)?? They’re bid $3.10 right now…

    “Craaaayyyzaaaayyyy!”

    _

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  17. Mushroomz

    Hybrid, I would think that high oil prices would increase demand for solar.

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  18. http://z-stock.blogspot.com/

    Hey BOOMER–if you see this–BOOM getting ready to test $37—at $28’s now–go look at the weekly (MA’s)-and you’ll see what I’m talking about—
    zee-
    “got my chips cashed in”
    GD rocks !!!!

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  19. http://z-stock.blogspot.com/

    DIA QQQQ IWM SPY heading straight up to the 20 day–
    so forget all those channel lines that say otherwise–
    can you say releif rally?

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  20. http://z-stock.blogspot.com/

    Hybrid– I read–
    SOLON ( german solar) was down 10% in overnight franfurt trading–on some downgrade or whatever—
    That probably hurt all solar today

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