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
23,428 Blog Posts

Expect More Green

The last great hope in retail, [[COST]], reports terrible news, yet the market shrugs it off. The banks, led by the dastardly idiots at [[FED]], shoot higher, despite their recent 50% gains.

If you are looking to allocate capital, try to find stocks with high % of shares sold short. Personally, I like [[FMCN]] and [[HANS]] here. Call me crazy, see if I care.

Naturally, I am very tempted to go ‘all in’ on [[SKF]], down at these levels. However, this melt up has a different feel to it. It’s utterly fucktarded, with a twist of lollygagging.

I have no interest in the machinations of Congress or what some asshole at the Fed is doing. All of that shit is for the birds. I spend my time trying to bank coin, while concocting new ways to punch off the mustaches of old men with canes.

I have given up on oil, as you know. I will reduce my exposure to the sector, and look to buy more [[CLNE]].

On a side note, the Godly folks at iBankCoin have been working diligently on trading software, which uses all of the parameters I look for, when screening for stocks. Basically, this shit will cut down my research time from 10 hours to 10 minutes—leaving more time to throw raw chicken legs at my trader/servant or punch holes through the bullshit sheet rock in my office.

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31 comments

  1. buylo

    Fly, what happened to throwing darts at the WSJ research? more fun and great results. Also you can train your goat to do it, no?

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  2. TraderCaddy

    I have trained my dog to wake me up when there is a change in the direction of crude. He rings a bell. Crude up, stocks down, gold up- crude down, stocks up, gold down. And these analysts get a Harvard MBA for this crap.
    PS Hamburgler is scarier than clowns.

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  3. punyandy

    Anyone playing the NTRI lotto tonight?

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  4. CubsRock

    The Fly Top is in.

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  5. headless man

    Breaking News…..

    Has anyone realized yet that “The FLY” is really an overweight mexican kid (325lbs) that lives with his mom in Downey,CA. He doesnt have many friends nor a job. He lives for free and surfs the internet (and porn) all day in his room, while his mom works the first shift at Sara Lee in Vernon,CA. He doesnt manage money and he doesnt make any trades. Although he is fairly bright, he has no money to put in the market and gets his ideas from OA, BOTD,Mr. Mtg, and yes, Cramer.

    THE FLY in mexico is someone that steal, cheats, and lies.

    hmmmm

    This whole thing is bullshit

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  6. Cardiff_Giant

    headless man

    Have you any proof of these wild accusations you make about the FLY?

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  7. TraderCaddy

    Speaking of Sara Lee, I would (and do) on occasion drive through West Point, MS where Sara Lee, having bought Bryan Foods, has a plant (just closed it a couple of months ago). Boy, did that town smell from the hogs being cooked into hot dogs and bologna.
    PS Screw Sara Lee for closing the plant and putting most of the good people of West Point, MS out of a job.

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  8. headless man

    I do.

    Consider it fact.

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  9. Wingnut

    I’m impressed that both XLF and SKF can be down simultaneously. Perhaps, the Fly can work on a way to arb the price discrepancies in this stuff. Watching the SKF, by the way, is like watching an electron on speed.

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  10. CubsRock

    Compare SKF to UYG. XLF has different components.

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  11. lightening_fast_draw
    lightening_fast_draw

    headless man

    So? You would prefer a slim, anglo, Chicago School of Business grad? Or, are you jealous that Fly may have a lifestyle that you envy? Either way, I doubt that you know much about the Fly or the market.

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  12. The Fly

    Headless man:

    Go fuck a burrito.

    “The Fly” hates California and is as Mexican as Hank Paulson.

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  13. Zenprofit

    Cub:

    Great observation. But while some are jumping into SKF, UYG looks like the better chart now.

    Maybe Mr. Fly can explain his SKF choice.

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  14. PharmPhucker

    TraderCaddy: I have a Harvard MBA. I milk cows, feed pigs, grow corn and shovel animal shit around most of the day. When I’m not doing that, I trade securities – pick the pockets of idiot city slickers working on I-Bank trading desks. That Harvard MBA – it taught me how to shovel the shit, and not much else.

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  15. TraderCaddy

    PharmPhucker- You must be a hoot at your class reunions.
    My best law school professor (corporation, agency & partnerships) taught us to how raise the issues. He said we can always look up the answers. Kind of like “how to shovel the shit.”

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  16. Jakegint

    RIG getting the ball-crush-a-roni (the other “San Francisco Treat”).

    Jake wins, even as he appears to be losing.

    Badly.

    )_

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  17. nullpointer

    weird day, lack of posts from the regulars, and lots of haters

    is this some sort of indicator?

    or are one or more regulars feeling a little “pissy”

    jeremy, time to check the access logs….

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  18. nullpointer

    kick ass! airlines and banks are the leaders

    dow 20,000 here we come!

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  19. Jakegint

    I was in meetings all day, Null. Just got back.

    I was just reading some of the posts, and I’m thinking that “Pharm Phucker” is a satire brought to you by Gapping.

    And Yapping.

    ___

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  20. Woodshedder

    PharmPhucker is Juice/Bruce/Goose

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  21. Molecool

    Hey ‘Headless Man’ – let me suggest a name change. How about ‘Dickless Man’?

    Much more fitting…

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  22. PharmPhucker

    Woodshedder is a gay pig phucker. Son, I don’t hide behind multiple personalities.

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  23. Juice

    Woodshedder, I am not the illustrious PP.

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  24. boca

    Nullpointer, I didn’t feel much like posting today because I’ve just had my eyebrows singed off with a blow torch by the market, not to mention the backdraft set my hair on fire. This is all due to my ill-considered purchase of USO calls the other day, and none of my hedges (long or short) seem to be working today in any sector.

    In a fit of pique I’ve been converting portions of my account to Skiffles and SLV, and refusing to watch CNBC or Bloomberg.

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  25. Woodshedder

    PP- your ags are getting killed.

    And you do hide behind multiple id’s.

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  26. Jakegint

    Ah, Skiffles and SLV… otherwise known as “Jake’s Comfort Food.”

    __

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  27. boca

    The fact that “headless man” even knows where Vernon CA is tells you where he spends his time. What a bunch of nalgas, mr. anon-headless-man.

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  28. boca

    Jake, exactly! Like biscuits with money instead of honey.

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  29. Jakegint

    Not to be a pig, I got out of my RIG (short) at the end of today.

    Might have some stability here. Ultimately, I’d like to be long RIG.

    ______

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  30. Jakegint

    Where is Vernon, California?

    __

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  31. boca

    Vernon is a small suburb of Los Angeles (in Los Angeles county), it is mainly industrial or Mexican neigborhoods. Not very well off. Downey is nicer, a larger suburb, also has a lot of Mexican and Mex-American neighborhoods. Most people that don’t live in LA would never have heard of Vernon.

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