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
23,598 Blog Posts

Clear Out Fuckers; The Fly is Coming

I am having my revenge today.

Quickly, I identified my “wrongness” and sold out half of my [[FMCN]] position. Then, I took the liberty to place my balls on the banks dull blade, via shorting [[TCB]], [[MI]] and [[LEH]].

Then, I bought a plethora of [[SRS]], [[SKF]] and [[REW]].

Finally, I sat back and witnessed my brilliance, in real time, as [[CLNE]] went green and everything else red.

The steel stocks are being clown raped, with monster losses in [[MTL]], [[ATI]] and [[ZEUS]].

The stupid casino stocks are collapsing, with egregious losses in [[MGM]], [[LVS]] and [[WYNN]].

The good feelings of yesterday have magically morphed into desperation and melancholy. I do not need the luxury of a time machine to know Cramer is an asshat for suggesting [[GE]] is a buy, thanks to its financial exposure.

Listen up bucko: GE moves higher when the economy gets better. Plain and simple.

In closing, I want all of you to know, “The Fly” has reinstated the “Reverse Five Horsemen” of banking displeasure. [[FED]], [[FHN]], [[DSL]], [[PACW]] and [[CORS]] are all in the line of fire, yet again.

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38 comments

  1. Jakegint

    LVS is a gift from Shorticus right here, with the accompanying Sheryl Crowe hit playing (unplugged) in the background.

    If it gets back to $48.20, go down to the bank and retrieve grandma’s IRA from its “air tight no risk 1% interest account ” and short the living shit out of it.

    She’s only going to waste that shit on the one armed banditos down in AC anyway, right? Get her some house money first, make sure that nursing home is paid, brofis.

    _______

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  2. Cajun

    careful Jake, WYNN reports afterhours I think.

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  3. recusancy

    CNBC has breaking news: Financial Stocks Among Worst Performers.

    Brilliant.

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  4. Juice

    I’m buying some BG. Ag takes it arrears and BG is up on good earnings, significantly raised guidance, all with a plethora of shorts wondering why it won’t sink.

    I’m also starting some PBR & SU. Because they must have hit some fib level. :]

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  5. ARISTOTLE

    Once again Mr Fly is truly godly!

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  6. Juice

    I put a limit short sell on LVS premarket. Just tried to short some at market a short while ago. No borrow. So I changed my premarket limit ss & that one stands. Go figure.

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  7. Jakegint

    Thanks Caje, I’ll watch the action… Looks doggish, tho.

    __

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  8. WaMu is in a world of hurt here…are they going BK?

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  9. gappingandyapping
    gappingandyapping

    What about VLY?

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  10. The Fly

    Gap:

    I covered VLY, back in the days when I was a pussy.

    Now that I’ve regained my balls, I shorted TCB, MI and LEH.

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  11. Woodshedder

    That shit I wrote about system trading being hard? Nah…it ain’t so hard…lol

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  12. CubsRock

    Now you need some Horns to go with those Balls.

    Adam and Eve bottom?

    These market manipulators try to shake me out of my CHK and UNG by diving through the 200 day. Please…I know that trick too, fuckers.

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  13. sniper6

    VLY to $18 tomorrow. And PCX to $120, to $115, to $130, to $122, in that order..

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  14. CAP

    This is a pullback to be buying into not selling. I did sell half of my SKF positions north of $129. Sold some SRS too. Will look to buy some UYG SSO DDM QLD. Dow is likely to pullback to 11400 or 11200. Then we should head north for a test of 11750 maybe higher. I expect we top out at 12100-12200 early September. Then down to 10000.

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  15. sniper6

    If you are one of the homos selling HK you need to ask more. Much more. Asshole.

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  16. gappingandyapping
    gappingandyapping

    Fly doesn’t VLY have a better risk/reward at the moment?

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  17. Reverend Cleophus
    Reverend Cleophus

    An abrupt reversal up from here will be enough to frustrate the shorts and blow them out.

    S & P 1300 should just about do it.

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  18. DSB

    Tom Brown’s new article in Seeking Alpha directly addresses my comments from his last article calling the bottom in financials (In which I direcly linked/pimped IBC). I referenced Senor Tropicana again in my latest reply.

    http://seekingalpha.com/article/86784-news-flash-major-market-turns-aren-t-announced-in-advance#comment-213628

    If it keeps on rainin’ the levee’s gonna break. When the levee breaks, you’ll have no place to stay. -LZ

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  19. Juice

    SPX 1260 was sort of a b/o level. Will taxpayer money come in to save the day? or will they break & flush before our tax $’s come in?

    developing …

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  20. Rally Monkey

    Where the fuck is Chivas when I need him?

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  21. BPOE

    You got to love the FLY. He is a great trader with golden balls!!!

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  22. calvino

    Cleophus, what the fuck are you doing here? Last I knew you were pulling the brass out of Hotel W headboards??

    Minute Maid.. my thesis is the same. these assboys had three tricks to pull before they get stricken. the bnp bailout 1/19.. the bear bailout 3/17.. the fannie bailout 7/17.

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  23. Juice

    GG trying to bottom. I’m going in.

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  24. calvino

    Lex Luthor just called in to Masaharu Homma for an emergency injection.. usd/jpy pops on schedule.

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  25. fucko

    listen here shitsticks, cover HRB immediately

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  26. CubsRock

    JNPR, TRMB and FLEX all after the bell today. I like them all and grabbed calls in all of them 🙁

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  27. norcal

    Oil will shoot up in August and the S&P 500 will crash to 800 before years-end.

    The roof, the roof, the roof is on fire…we don’t need no water let the motherfucker burn…burn motherfucker burn

    http://www.forbes.com/finance/2008/07/22/terex-seagate-oil-pf-etf-in_tt_0722trimtabs_inl.html

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  28. Juice

    MER getting crush-ed.

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  29. Shelia Bair, FDIC Chairman
    Shelia Bair, FDIC Chairman

    You little prick bloggers are pissing me off! You are out of control. Time to educate the public about the real danger to our banking system–all of the peddlers of misinformation in the blogonets.

    We will be coming for you, “The Fly”, if that is your real name. Or “Tropicana”, or “Fucktard”, however you like it. Prepare for 30 in Leavenworth, bitch.

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  30. KC Trader

    Mmmmmm…Think JPM might step in and buy LEH for an insulting $2 a share? Attica and SAC Capital still clients for now.

    At the beginning of the year a stockholder of JPM would have been thrilled if they were told they BSC and LEH would be taken over for rock bottom prices.

    Liar’s Poker…what a great game we play in the markets.

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  31. BS Dodger

    This is a 1-day TECHNICAL CORRECTION in an
    intermediate-term uptrend which should take us to above 12,000 DJI in early August.

    Technical corrections are severe and sharp, usually one day, and they suck always-wrong guys like Fly and Jake Gint to position wrongly.

    Buy F C TIE TSO here.

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  32. lets close the market 5 mins early this shit sucks.

    SATC up 10% huh… go figure

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  33. Jakegint

    Too late Dodger, my Yankees win again.

    So Solly.

    ________

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  34. Prospectus

    Dodger,

    Looks like your portfolio just underwent a TECHNICAL CORRECTION.

    Zinger!!!

    PS: Go hump a goat. Or a sheep. Whatever. We are diverse here at iBC.

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  35. fubsy_cooter

    Awesome day Fly. Congrats! I loved watching SRS, SKF, and SDP rise, while ANF, XEC and CEG fell. Got stopped out of DDM with a 6% gain, too. Loving life. The bulls are now scratching their bald heads and wondering how much of their hides are going to be tanned, while shorts are piling on again. The supply demand balance appears to have shifted back toward reality again.

    f

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  36. BS Dodger

    Yeah. The Fly posts all his shorts at 2PM –
    when any FOOL could show a “profit” by claiming
    he shorted earlier. And you sheep BUY the BS.

    Rename this blog “Gullible’s Travels”.

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  37. The Fly

    Hey fucker:

    I’ve been posting my trades here everyday for two years.

    People know my track record. I do not day trade, fuckface.

    Now fuck off.

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  38. the mexican

    For this one time, I am going to tell you the fucking future, S&P 500 will go south, 1170 aproxx, And this bottom will be called the GM bottom.

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