I’ll have you know, this afternoon I offer you zero financial advice. Instead, I will inform the internets of my “unseemly,” yet entirely expected, string of unparalleled victories.
“The Fly” had his best day ever, with gains in excess of 17%. That’s right fuckfaces, 17%.
While it’s true, this victory was awfully pyrric, with irreversible damage done to the state of my internal organs, via last weeks “fuck you, you’re dead” collapse. Nonetheless, I won again and will continue to win, until my body is buried inside of a custom made pineapple coffin (“The Fly” has already reserved his final resting place, which happens to be a giant pineapple coffin).
All day, “The Fly” roamed his office, enrobed in triumph, dressed in the garments of a God, white robe and sandals.
In addition, he (“The Fly”), drank the sweet nectar of ambrosia, from his diamond encrusted chalice, while dumping the ashes of his aged cigar on top of Tim Knight’s bullshit blog page, which “The Fly” visits for laughs and humour [sic].
While many of you bears feel as if you have been dosed with hallucinogenic mushrooms, with the Dow closing up nearly 1,000 points, “The Fly” is cementing himself as an immortal figure of finance, amongst frolicking fuckfaces of folly.
In closing, do not ever doubt the time traveling efforts of Senor Tropicana aka Plutonium Petey, else he will track you down— and punch your fucking hose nose clean off your face.
If you enjoy the content at iBankCoin, please follow us on Twitter
well done sir.
All day, “The Fly” roamed his office, enrobed in triumph, dressed in the garments of a God, white robe and sandals.
Holy shit that made me laugh.
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Did you apply a couple coats of lacquer? Looks a bit shinier than I recall.
LoL. I went to McDonalds this morning to kick a bunch of old man short sellers down the stairs. Then I spit on their bingo chips.
Shun the nonbelievers. Haters wanna be me when they see me: http://ibankcoin.com/gioblog/?p=2093
-gio-
The Fly is god.
Did you stay long into the close? Still looking at UYG as something you’ll hold as an old man?
“Enrobed in triumph”
The ‘cellar door’ of the 21st century!
BTW, great trading.
How can the FED with a straight face guarantee inter-bank lending!! What the hell happens when there is a “RUN ON THE FED”…
Take a good look at world real-estate prices. It’s all out of control. Global real-estate has been running hard since 2004. Putting the US tax payer on the hook for all this shit just caps my ass.
I just know there are over seas banks, foreign countries, hedge funds out there just waiting for the chance to dump this shit on UNCLE SAM!
BS!
Laughing “out loud,” interweb style.
The Fly, modern day JP Morgan of the interwebs. Nice day indeed.
What a day! My best one day ever, beating the Dow.
You fuckers never give me any credit. Didn’t I tell you to buy the banks, if you know what’s good for you?
Now hold on to UYG! This is the worst condition you will see the banks in your generation. You are buying at fat cat banker prices now.
Hold, I say!
So my Gov is gonna guarantee a loan between bum fuck egypt and some monkey in the Democratic Repulic of Congo
“How can the FED with a straight face guarantee inter-bank lending!!”
Have you seen a Hank Paulson press conference, my peniley-impaired friend? He can’t do much of anything with a straight face.
But yes, that is the point. If there is a “run on the Fed,” they would have to call out the Army and clear the streets, lest the wouldbe bank runners desired to be “paid in lead.”
I don’t see any other way to get US banks lending to one another again, however.
Anyone else notice that while the Dow was up something stupid like 11%, Gold was only down about 2%?
Congrats Fly on your victory – with the capital you have these kinds of wins should be more commonplace no?
Nice day, dick.
-DT
Nicely done would be an understatement, much like the phrase “stocks rally”, or “dow up” on this particular day.
keep doing what you do.
Jim Cramer Blog Intro:
Don’t Fade It Yet
I wouldn’t sell until the buying has clearly leveled off.
Which means we should have dumped everything EOD.
http://images.google.com/imgres?imgurl=http://seekingalpha.com/wp-content/seekingalpha/images/economisthomeprices1_01.png&imgrefurl=http://seekingalpha.com/article/39331-housing-bubble-and-real-estate-market-tracker&h=478&w=668&sz=34&hl=en&start=8&um=1&usg=__ehItvzwr6aM–jiHS2zXRdt06ms=&tbnid=NfY1I32StNzImM:&tbnh=99&tbnw=138&prev=/images%3Fq%3Dglobal%2Breal%2Bestate%26um%3D1%26hl%3Den%26safe%3Doff%26rlz%3D1T4GGIK_enUS280US280%26sa%3DN
This is a june 07 artical look at these global real estate price changes. these charts are off the board.
This is what my government wants to help secure. BS~!
my best day ever 11%-i loved buying in the 7800’s while the talking heads were making people hurl all over themselves.your the kackalacki.
frolicking fuckfaces of folly
Pure Poetry. I nominate The Fly for the Pulitzer Prize for Distinguished Commentary
http://www.pacificariptide.com/pacifica_riptide/images/2007/11/28/mortgagerateresets.png
Does the FED look at charts like this.? Noooo
Fly v. Devil Dog, for a “hand.”
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what happens when global unemployment jumps? People will want their money market funds or drain their checking accounts. Poof theres more pressure on banks. What happens when the FED decides ok we dont need to gurantee inter-bank lending. Is there a run then.
Or will we “sun set” that too.
Becarefull what you wish for.
Look at Ice land. We guarantying that too>! Can we call that grandpa Eskimo bill.
Next we have a Obama man might win. HA!
jake,
negraenu made the right call even though he lost. devilpuppy did not. fly and you, my friend, did.
Great day Fly. I think it was also my best day ever also.
Jake – Thanks again for the RBS preferred idea. +72% That’s nutz…
No probs, Yog&BB… I only wished I’d jumped on the common this morning when it was down twenty cents… did you see it roar back??
____________
Chivas,
No one can ever plan for quads. That hand almost looked like it was “planned” for tv ratings…
_________
No, I missed it. I took the common off the watch list after I bought the preferred.
Holy crap, I hadn’t looked at FXP all day…
Down almost fitty bucks!
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Jake, do you play no limit hold them?
As many times as you went long last week, you were bound to catch the bottom eventually.
I’m sure you’ll get flame roasted shortly in your arrogance to “milk the rally” or some other stupid shit.
17%, nice.
From Bill Cara:
October 13, 2008
Cara’s Commentary & Community Chat, Mon., Oct. 13, 2008, 10:37am ET
After one hour of trading today, the US equity market has rallied about +5.5%, which pleases me. But the jury is still out. Should today’s session finish strongly, followed by a strong open tomorrow, there will likely be a rally into the year end.
ADDENDUM 3:07pm ET
ADDENDUM: 3:07pm ET
The DJIA is presently up +8.1%; the S&P500 +8.4%; and the NASDAQ Composite +8.5%. As I watch prices soar, I am listening to fear-mongering Talking Heads tell the audience that the bond market is forewarning the worst economic recession since the Great Depression. So what does that mean for equity traders? Let me tell you how much profit was available to equity traders throughout the Great Depression. I am certain nobody is telling you this!
S&P500 records:
June 1, 1932 to Sept 7, 1932: 4.40 to 9.31 (gain of +111.6%)
Feb 27, 1933 to July 19, 1933: 5.53 to 12.20 (gain of +120.6%)
Oct 19, 1933 to Feb 4, 1934: 8.61 to 11.82 (gain of +37.3%)
Mar 14, 1935 to Mar 5, 1937: 8.06 to 18.68 (gain of +131.8%)
Mar 31, 1938 to Nov 14, 1938: 8.50 to 13.78 (gain of +62.1%)
The average gain for the five major intermediate-term Bull cycles during the Great Depression was +92.7%. Nobody can take back the losses of those of you who were long all the way to the bottom on Friday. But on Friday I posted the full-out Buy Alert at 3:40pm ET. In the Week In Review on the weekend, I urged you again to Buy. I am a Bull, and will be until I believe the risks are too great to be long stocks.]
Jake, do you play no limit hold them?
Yeah, we have a tournament with a group of us. Not huge stakes, however.
I try to keep it friendly. 😉
___
All lies, cigar ash receiver.
I played this drop and spike with perfect eloquence.
Fuck off.
You sir, are my hero.
Easy Money today.
Gio- That was you? I did recover my bingo chips.
Update-Rays 5 BoSox 0 in the 4th.
Go Rays.
Cramer says sell tomorrow. The rally is on!!!
Jake, EEV fell 77
Tim Knight is gay.
Gun to the head, I stayed long at the close. We’ll see what tomorrow brings.
Charlie… did you keep the puts??
____
Best single day ever.
If the Gov insures inter-bank lending. Who will guard against fraud and terrorist activity? Will Uncle Sam have access to sensitive bank documents from other countries? How bout banking info from Iran and Saudi Arabia, Syria. Those countries that support criminal activity.
How bout blatant fraud, it wouldn’t be the first time foreign countries default on debt.
So in the end me Needle Dick gets it in the ass. While Flud, Blankenstien trot off into the sunset.
BS
While you banana’s celebrate some big dicked gains. The GOV is setting up for a nice increase in FED taxes.
Bears are going to be shorting this all the way up, hooray for more buyers!
No, I over reacted and jumped completely out of the market unfornately. I didn’t get back in till 3pm Friday afternoon and I only bought long positions. However, I’m enjoying strong gains today compliments of DEVILDOG’s bank account.
FYI
BREAKING NEWS: U.S. to invest up to $250 billion directly into banks, source says
That is to say, EEV and DEVILDOG will only see more pain tomorrow.
FLY — THANK YOU. This dumb fucking blog has made me so much money. I’m not trying to imitate your trades, but your calls of falls and rallys have been spot on. And, okay, I bought NOV on your advice and that was a major league one-day gain. Keep it up!
PS I am long DXD tomorrow. I think we’re looking at a morning rally, but closing lower before moving up later in the week.
wow, perhaps this game isn’t for me as i have been sitting in cash waiting for the bottom, turns out this last friday was the day i decide to travel and not listen to the market, i get back late sunday night and i feel like shit so i slept in..turns out i really fucked myself. FUCK ME! any advice out there, should i wait for another sell off or should i get in as i hear some people saying this bitch can go to 10K…look forward to your responses!!
This rally brought to you by Evil Short Sellers. God Bless the SEC for banning them for the last two weeks, effectively debanking the country. How’d that work for ya, Christopher Cocks?
BankCoin: We put the “egregious-win-of-mountains-of-coin” in “Short Squeeze”. Look it up.
^ ^ ^ ^
iBankCoin, I mean. Damn the lack of an edit button.
Where is DevilDog….I need a contrary indicator…..
i think erin burnett had euphoric intercourse between shows. her hair is all matted, and she looks confused.
Well done sir!
I rode your coatails a on this one, selling shorts and buying stocks on Friday. I made sweet gains of over 25% in NOV and GS.
Still not 17% but I lack the stones and commitment to risk that much either. I never stressed too much last week knowing that this snap back rally would come. Luck helps too I admit.
Fly said the market will hit 9500-10500 before falling again. Pulling out for a breather at 10000 will be a safe bet. However, I’m going to see what the 250 billion will do tomorrow before I make another move.
Vladimir Itchy Lenin never had a day like this, not even that one time they brought him Comrade Helena, the one with the solid gold ginch and sickle.
But does anyone have a feel for what bank common shares will do now that the Guvmint is going pref?
At the moment, it doesn’t look like it worked out so well for GS and GE common shareholders after Buffet came in, but that could change soon. This guvmint deal is 25x bigger and spread across more entities…
Fuck I can’t believe I did not get to buy more FCX at those levels. I just fucking ran out of money. I had a massive 22% up day today on a 130% long portfolio. Biggest movers were ROM, FCX, CHK (Thanks Aubrey for the buy at $12). Now I am up on AAPL and V and want to leave them on, can anyone tell me their thoughts on holding these positions without downside stops? Thanks and congrats to all on the day, even though we are still down 13% in the past week.
Karl, look what England’s “fix” did for RBS today.
If you weren’t such a commie, you’d be holding the preferred, for “old school sake.”
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i think erin burnett had euphoric intercourse between shows.
Second funniest comment today… after the shit about walking around in white robes and sandals.
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You don’t need my congratulations, Glorious Comrade Fly, but I offer them anyway, as they are well-deserved.
Today brought me a glorious trifecta of personal gains:
1. Stock market winnings paid off a large chunk of my bills today, many thanks to my friends here for sharpening my skills in a brutal market.
2. Someone called to make an offer on our land in Connecticut.
3. My stepson has a job interview tomorrow with an excellent company.
Excuse me while I go have a heart attack from joy.
Jake any thoughts on AAPL and V?
Also anyone worried about GE and Cramer Spluge (SHLD) being down today?
gapping,
Well GE was up huge on Friday. So stop being so fucking greedy. It’s just taking a breather.
SHLD is shit, but shit is still going up.
yes fly, you did well. But has anyone seen devildog and should he be listed as a missing person?
i think erin burnett had euphoric intercourse between shows
Her makeup guy goes home at 3pm.
This is the way of things with DevilDog. So it has been, and so it shall be.
Oh yeah, devildog… he’s the guy with the camero, right? For some reason he thinks he’s leasing a viper.
Bob the Slob: I don’t own either name, just asking. Actually just forgot about the bounce on Friday in GE.
Anyone else think its fucking odd that companies always tend to cut spending at the very fucking bottom and increase it when they are wearing their party hats? How disconnected can people be?
Gappy, I’m not so sure how much more “bloom” is left in the CRAAPL rose… maybe play it for a trade to $115-120 here. I’d be concerned over their big news being only “Hey, I don’t have pancreatic cancer, I swear!”
V looks interesting here, with the financial “all clear,” but be careful.
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Anyone notice that the Treasury announces “big bank investment” idea and the POG creeps creepily back to $850?
After hours, of course.
UYG should be fun tomorrow, and those RBS preferreds might go back to par.
_______
boca – congrats! Spread love, it’s da Brooklyn way.
Thanks Q4! hope you had a good day in the markets too.
You must have some good music in mind for a day like today Q4. Send us some sweet love via your favorite music.
boca – http://www.youtube.com/watch?v=u7ScDAvF6Gk
None of banks getting government money was given a choice about it, said one of the people familiar with the plans. All of the banks involved will have to submit to compensation restrictions, said the person.
The government will also guarantee the banks’ newly issued senior unsecured debt, making it easier for them to refinance their liabilities, the person said.
http://www.bloomberg.com/apps/news?pid=20601087&sid=afXfxoDs.6JA&refer=home
What a bunch of BS. Joe public shows no real concern.
So fuck it. I wont fight the GOV and all this BS. I wont even care.
Just turn coin.
UYG looks to be well and truly blessed 250 billion times by Christ’s disciples, Saints Paul & Hank.
Godly.
http://biz.yahoo.com/ap/081013/tesoro_guidance.html?.v=1
John Mauldin is worth reading:
http://www.investorsinsight.com/blogs/john_mauldins_outside_the_box/archive/2008/10/13/why-the-worst-will-soon-be-over.aspx
http://www.reuters.com/article/marketsNews/idINN1340357820081013?rpc=44
Chivas, you’ll find this interesting also on TSO, in WSJ tonight about the chairman forced to sell shares to meet margin calls, hopefully that is done now.
http://online.wsj.com/article/SB122394123943030865.html?mod=yahoo_hs&ru=yahoo
Q4 – Hell yeah, I like that Kid Sister 🙂
$25 billion to JPM and Citi and $20+5 billion to Goldman and Bank of America, and it is a mandatory investment, per the NY Times. Somehow they are claiming the deal is set-up to not dilute the common. Not sure how that happens, but who cares as long as the story sticks for 48 hours.
$25 billion to JPM is going to light a fire under UYG.
SPX 1100 this very week wouldn’t surprise me, heaps of performance anxiety by the mf and hf crowd after today.
Still, all in until 10000.
Boca,
thank you. i was actually given a headsup on that. i bought 275k shrs of tso friday. i now own 415k shrs. it is one of my largest holdings.
Pride cometh before the fall.
“…a custom made pineapple coffin…”
———————
DAMN !!!
Where can I git me one’a’dem ???
BTW…nice calls lately, FLY !!!!!
Pretty impressive !!! imo
Small Fry Says:
$25 billion to JPM and Citi and $20+5 billion to Goldman and Bank of America, and it is a mandatory investment, per the NY Times. Somehow they are claiming the deal is set-up to not dilute the common. Not sure how that happens, but who cares as long as the story sticks for 48 hours.
$25 billion to JPM is going to light a fire under UYG.
They issue prefered stock. May have a coupon who the fuck knows. No voting rights
Blow up the ballon again.
Ignore all ur losses and u win like the Fly.
How delusional 3rd tier bloggers can get….
Go read TBP this site is truly 3rd tier
Not ever gonna visit this site again…
Jim Cramer > Fly
At least we know Jim cramer is an entertainer while fly pretends to be a stock god ….who ignore his losses
So gay and a horrible trader. He should shut down his stupid 3rd tier blog.
I might get kicked off this blog for saying this, but Tim Knight has been on fire as of late.