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
23,449 Blog Posts

Your Idiocy is Now Validated

See, don’t you feel stupid on the sidelines, watching “Senor Tropicana” bank egregious amounts of coin? It’s not rocket scientry people; you should have bought when everyone was selling.

The good news: it’s not too late.

With TED spreads collapsing and record amounts of bullshit dollars on the sidelines, we are setting up for an epic run. Banks and commodities can be bought, with impunity, as if your brain was being controlled by Hank Paulson himself.

The obvious names are Citigroup Inc. [[C]] , JPMorgan Chase & Co. [[JPM]] and [[UYG]] .

Within commodities, I am into black lung action, via Arch Coal, Inc. [[ACI]] . And, of course, I am staying the course in National-Oilwell Varco, Inc. [[NOV]] and The Mosaic Company [[MOS]] . Some new additions include: Southern Copper Corporation (USA) [[PCU]] , CF Industries Holdings, Inc. [[CF]] and United States Steel Corporation [[X]] .

The lesson for you fucking rubes is very simple: never question “The Fly,” regarding his space alien magician, time traveling efforts.

Off to go roam my office.

NOTE: I am holding Apple Inc. [[AAPL]] through earnings. However, it’s worth noting, my position is very small.

If you enjoy the content at iBankCoin, please follow us on Twitter

50 comments

  1. DPeezy

    Dr. House! The only ‘person’ for whom I have a bigger mancrush than The Fly.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Hugo

    Fly are you indeed (Michael Covel)? I see so damn much resemblance.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. The Zombie

    The Fly is God.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. DB

    Who’s on the sidelines? I’m riding your white roab coat-tails to my biggest gains of the year! Where should I send your 2% cut?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. gappingandyapping
    gappingandyapping

    How tight of a leash are you keeping on MOS?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. The Fly

    No leash on MOS. Buyout prices are well north of $50.

    No cut for me. “The Fly” does not accept dirty internet money. However, it’s worth noting, he does accept new money.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. dow40000

    FLY says Dow to 40k!

    Buy everything!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. 4fl3x

    JNPR saved me from a RIMM job…

    Fucking analysts.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. boxman.

    thank you fly.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. Donny

    Donny buys DUG @ 45.90

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. dow40000

    Making money has never been this easy. Wow.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. dow40000

    The FLY says buy, I go full margin in.

    🙂

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. Adan

    Really Fly? I’m sure I’m too poor at the moment, but just out of curiosity, what are your account minimums? Also, I assume you use leverage in the account?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Anton Cigur

    Fly,
    If you’ve changed your mind about accepting new money, let me know before the end of this month.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. dow40000

    I do not need an education. I just listen to The Fly and he says to buy. I make money in my sleep. It is so easy. Just listen to the Fly.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. The Fly

    Adan:

    I would NEVER manage money for an internet person. And, being that you have disclosed that you are financially challenged, I would not even talk to you, let alone manage your money.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. Mushroomz

    Why pay the Fly egregious management fees when you can get his brain via PPT for mere dollars?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. The Fly

    HOWEVER:

    You can subscribe to The PPT and buy Woodshedder a new guitar.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. The Fly

    Mushroomz:

    Not entirely accurate. But correct.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. jig

    Fly,

    what do you charge to manage money? what is the minimum?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. Viva Las Vegas

    LEH settlemnet tomorrow mean anything?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. Big Mike

    Top Pick: Short NOV, BTU…

    Too much, too fast;

    We will trade wtihin a range unless you a technical analyst like the FLY who says we are too oversold relative to 50EMA.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. CAP

    Mushroomz – by allowing the Fly to manage your money, you also get his proprietary patent pending time machine trading technology (TMTT). Fly buys or shorts stocks, then uses TMTT to go to the future and sells or covers them at higher or lower prices for massive profits. This allows him to realize daily gains of 100 to 200% while us mortals lose our pants.
    Its all about TMTT.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. The Fly

    Ok, my account minimum is 10 million. Now that you’ve all be disqualified can we get back to discussing how stupid Tim Knight is?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. Anton Cigur

    Not so fast, jerky…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. ALLPROz

    Homebuilders will be the support we need to keep this train a runnin…..choo choo….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. mdawsz

    $10M? Does that include complimentary access to the PPT?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. Rally Kneale Jr

    Fly -Thanks for the great picks. Many of them I pass on and claim them as my ideas. Since you can’t patent stock picks, you have no recourse. What picks do you like here?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  29. The Fly

    Don’t you guys fucking read?

    My picks are posted.

    Fuck off. I am busy.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  30. Adan

    The temptation to simply place my meager funds at your disposal is quite great, given your insanely dead-on calls lately. HOWEVER, my goal is to become a master trader myself, and that would be admitting defeat, so I cannot do this.

    I’ll die rich or poor, but not middle class, dammit!

    A sincere thank you for everything you’ve taught me so far. And I will gladly subscribe to the PPT.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  31. Big Mike

    Is it really $10M? Baller, sir you are…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  32. The Fly

    Adan:

    I guess you missed the part where I said I’d rather have my skin boiled off, before I managed money for internet cretins.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  33. scum bucket

    cheerleader. u should b on cnbc.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  34. ALLPROz

    Hmmmmmm, boiled skin….reminds me…lunch time!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  35. TraderCaddy

    Fly says-
    Don’t you guys fucking read?
    Don’t make fun of your Governor. Perhaps you can do your blog in braille for the vision impaired.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  36. Internet Cretin

    All hail The Fly. The Fly is GOD.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  37. Margin Clerk

    Get off my way!!!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  38. These Colors Don't Run
    These Colors Don't Run

    Fly-will PPT include charting software?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  39. Donny

    Donny doubles position in DUG @ 44.90

    AVG cost 45.40

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  40. Larry

    Good news, Tim Knight is saying the S&P futures going up on his triangle is “bad news” What that means is that he is hoping for a failure, not just charting the market. That’s not being a bear, that’s being a fuckface against our economy. And that is as gay as.. Tim Knight.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  41. the Bull

    Donny-you’ve been stellar but DUG into OPEC decision next week?

    Balls baby.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  42. ALLPROz

    ALERT !!!

    Donny DIGS his own grave with DUG……

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  43. Viva Las Vegas

    Margin clerk, where are you?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  44. JakeGint

    Fly, you insult me by not naming my golden stock, CHK, which will be pushing in the stool of many upon a break of $24.

    I am contemplating storming away, in a semi-huffy manner.

    _______

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  45. ALLPROz

    Here come the “I don’t want to be left behind” longs…..

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  46. TP

    Hmmm Tim Knight was long AES? makes NOV’s move look pretty weak today.

    Which stock was Fly buying again?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  47. The Fly

    Damn it. Quit ruining my Tim Knight references. Don’t you know he is a fictional character to me? I never read his blog.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  48. Employee8

    Damn! Was gunna buy CLF friday around 27 and now it’s 36 … up 30%!

    No guts no glory ….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  49. Back and Fill

    Donnymeister has balls of molybdenum or some kinda stuff.

    • 0
    • 0
    • 0 Deem this to be "Fake News"