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
21,892 Blog Posts

I Covered All of My Shorts, Again

Don’t worry. I had the wrong stocks. I am now in the process of redeploying capital, with great vigor, to names that are sure to win.

Developing…

NOTE: I am still short [[HRB]] and [[PACW]].

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22 comments

  1. Woodshedder

    What about FXP?

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  2. The Fly

    “Prosecute the short seller”

    Unreal.

    I did not touch my inverse etf’s

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  3. Juice

    Its “Blame the Shortsellers Hour” for the demise of the US economy on CNBC, led by none other than lifetime asshat award weiner, Dennis Asshat Kneale.

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  4. Woodshedder

    Who was that fat fucker wanting to prosecute? That fat bastard seemed scared to death. Was it just me? WTF? If it wasn’t for the short seller, there would be no bounces, over the last 6 months. What a stupid fuck. If you’re scared, say you’re scared. Go choke on a meatball, you fat ass.

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  5. TraderCaddy

    Didn’t hear the “prosecute the short seller” as I am watching Leave it to Beaver on TVLand, but that was the chant in the early ’30s before the SEC Act of 1934 that did institute the uptick rule.

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  6. Aristotle

    Every time I listen to that guy I want to punch his ugly face in.

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  7. Juice

    Un-fucking real , is right! Dennis Kneale ought to be prosecuted for bankrupting listeners.

    Sure, rumors brought down the US banking system. Lets blame Ackman & Einhorn for bringing down BSC, LEH , ABK, MBI, etc

    Unreal

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  8. patrick

    Those comments make me sick. Short sellers are all we have to keep the market in check.

    That being said, I think tech might bounce.

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  9. IShortYouNot

    Shorts are essential. They’re a major part of the reason we’re catching CEOs with their pants down (monolines, banks, etc)

    Einhart, Whitney, etc.

    Thank God for them or we would have legitimate market crashes due to surprise announcements of fraud, etc.

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  10. Woodshedder

    Patrick- of course tech will bounce…Too many shorts sitting on big purses…:)

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  11. Juice

    BIG looks broken. Fire away.

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  12. patrick

    Were you guys listening to the cub/bear scenarios they were trying to lay out on CNBC? Stupid shit.

    Wood- I hope so soon. I just bought some QLD for a trade.

    Honestly, this market is helping to pay for grad school.

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  13. Woodshedder

    What, were those the 3 fucking stooges?

    Have Dennis, curly, and moe ever placed a fucking trade, in their entire lives? Don’t you think they a fucking CNBC anchor should understand fucking basics about shorting and the uptick rule?

    I normally don’t get to watch CNBC. I’m dumbfounded at how fucking stupid they are.

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  14. TraderCaddy

    As FNM,FRE bounce back the homies should rip for a trade.
    Dennis is Shemp- never did like Shemp.

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  15. patrick

    Fly-
    Why do guys even get into mutual fund management instead of hedge funds?

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  16. CAP

    Why hasn’t CNBC fired Dennis Kneale yet ? Seriously where did he graduate from ? The University of Asshats ? He majored in asshattery. Dennis Kneal PHD in AssHattery.

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  17. Woodshedder

    LOoks like the intraday bounce momo may be wearing off. I’m looking for a slow drift downward into the close.

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  18. The "D" word

    Shed,
    “What, were those the 3 fucking stooges?

    Have Dennis, curly, and moe ever placed a fucking trade, in their entire lives? Don’t you think they a fucking CNBC anchor should understand fucking basics about shorting and the uptick rule?

    I normally don’t get to watch CNBC. I’m dumbfounded at how fucking stupid they are.”

    The only ones dumber and more ignorant may be our elected officials

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  19. calvino

    Chris Dodd joins the douchebag parade today. ‘There is no reason for these marktes to be in a panic.’ Maybe there is reason for you to be a in a panic since you are heading for fucking impeachment, just like dad, after the power corrupted him. Started out a s a good man and ended up in grift. what a shame for the man.

    Yes douchebag, there is reason to panic even if you convert mortgage paper into treasuries. First that is dubiously legal under the Fed Reserve Charter. Second, you can just kiss the dollar goodbye. S and P already said they may pull triple a’s from treasury paper. Then what the fuck are you going to do douchebag. The hubris and stupidity of these douchebags is beyond bounds. Hegde yourselves, friends, gold, oil, chf. If these douchebags nationalize Fannie, we are fucked in completely new and unfore3seen ways.

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  20. Gregory

    A little image of what this market reminds me of.

    http://tinyurl.com/6auygj

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  21. TraderCaddy

    Chris Dodd is a member of the “friends of Angelo” club having received favorable interest rate treatment from Countrywide. F him and at least half of Congress for acting contrary to the interests of the people.

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  22. Daddy's Hungery
    Daddy's Hungery

    C’mon Fly.. what’s the next move.

    p.s. I think your “time machine” is fucking up the speed of your guys’ server

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