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
23,441 Blog Posts

Here Come the Clerks

My time machine lied. We’re supposed to be going up today. The infamous “Andy Swan bottom” is supposed to be alive, flowered with life and blossoming profits for asshat dip buyers. Instead, the bulls get the clerk.

The clerk loves to sell into panic, for the chances of an account going negative equity are far greater.

The selling began around 2:30 and will last until 3:15. If the bulls want to stay alive, they must support the market here and prevent a retest of 8k. Trust me, if we go anywhere near 8k again, we will knife through it like a hot blade through shit.

Personally, I’m getting nicked today, through idiotic intra-day short covers and inverse etf sales. And, let’s not forget, I bought some stuff earlier today.

The good news, for me, I have 30% cash and 20% short. Most of my short exposure is in [[FXP]] .

My feelings are, and I cannot shake them, we should rally.

I’ll say it again: we should rally. We should rally. We should rally, damn it.

The way I figure, the more I say “we should rally,” the better the chance it will come true.

Give it a try, fuck face.

TIME MACHINE UPDATE: Did I call this rally or what? I need a witness. Jake come forward!

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55 comments

  1. Mr. Market's boner
    Mr. Market's boner

    I hope she’s good looking.

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  2. The Contractor

    Time for some hot hot coffee.

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  3. BOOMER

    check out the bearish descending continuation triangle (aka, “half slice”) on AAPL,

    slope starting at 110 on 11/5 with the bottom support at 87.

    no?

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  4. DEVILDOG

    I told you I was in it to win the WAR. You bulltards are going to get your heads ripped off and stuck up your ass.

    BTW, anybody seen GENERATIONAL Bottom? Maybe he and that jeffries retard stretched face art hogan are giving each other blow jobs.

    Hey j, that 10K shares of BEAV at $8.80 is looking pretty shitty. Don’t worry M1, M2 and M3 will save it. Buy some more asshole.

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  5. 4fl3x

    Develop this…. 😀

    AA, CSCO, RIMM

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  6. Juice

    watch the last 30 minutes … upside reversal anyone? didn’t think so.

    downside acceleration?

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  7. FastCat

    401k…301k…201k…developing….

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  8. Gio

    SKF is now $200!

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  9. The Fly

    I got my Voodoo Physician doing rituals here—sticking pins in a DEVILDOG doll, inside a Viper.

    Watch out bears!!!

    He’s good.

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  10. Jakegint

    SKF is now 197!

    Thanks Gio!

    ____________

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  11. Thunderpup

    DDog:

    I thought you were calling the 19th as the bottom?

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  12. Gio

    Juice… given today’s volume, we could actually get that reversal.

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  13. kidstock

    It always starts as short covering — elevator up!

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  14. Mr. Market's boner
    Mr. Market's boner

    Margin clerk is HOT. Can I get some handcuffs, whips and condoms ovah heah?

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  15. DannyBoy

    We are going to finish positive on the S&P today!

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  16. Goldie

    We catching bids??????

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  17. Goldie

    UYM double bottom??

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  18. Klaatu

    Fly, please don’t forget our meeting tonight to discuss the fate of the Earthlings–at the usual spot. Gort and I will be there at 8:30 EST. Glad you’re almost done with your mission.

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  19. Topper Harley

    What the fuck is Bartiromo smoking?

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  20. Andy Swan

    little faith

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  21. El Zilcho

    We are going nowhere, we have found a range

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  22. El Zilcho

    Bartiromo is getting a little old to be a CNBC honey, what will they do with old girls?

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  23. El Zilcho

    Make em build jet engines or somthing

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  24. SatanicChihuahua

    I regretted not buying BWLD in March when it briefly traded below $19. It’s there again. Any takers?

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  25. Jakegint

    Mr. Market’s margin clerk?

    _____

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  26. Juice

    Big UPS tomorrow .. place yer bets! Carry some overnight risk … live a little !

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  27. Gio

    Sweet reversal so far. I need Dow to gain back 8,400 to mean something.

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  28. Mr. Market's boner
    Mr. Market's boner

    Oh yeah, who’s yo daddy, biatch? Who’s liquidatin now huh?

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  29. Gio

    Sysiphus keeps rolling that damn boulder.

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  30. jig

    FLy,

    any thoughts on Asia getting murdered tonight?

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  31. SatanicChihuahua

    FAST is one of the best managed companies in America. It’s got the quad 20s – that is, 20%+ growth, 20%+ operating margins, 20%+ ROE, and 20%+ ROA. Consequently, it’s always traded with a big multiple and I never bought it. It’s as cheap today as I’ve ever seen it (but still not dirt cheap).

    It’s got several more years of store growth before reaching maturation. No debt. And it will benefit from the Messiah’s infrastructure stimulus plan.

    It’s a long term keeper.

    Curious what the PPT says about it.

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  32. Mr. Market's boner
    Mr. Market's boner

    Time to break out the Canadian Club, and a shot of viagra.

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  33. Goldie

    Yet another limp rally.. UFB!!

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  34. ottnott

    If someone could capture this market in a virtual reality game, they’d make a mint. No theme park coaster could match it.

    VR gloves, helmet, chair are standard equipment.

    Non-VR puke bucket is a highly recommended option.

    http://video.google.com/videoplay?docid=5296426655556148292&ei=myYjSbG8LJnWqAPds8jFBw&q=coaster&hl=en

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  35. The Contractor

    Where’s that damn monkey?!

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  36. Mr. Market's boner
    Mr. Market's boner

    Whatchoo got to say now, baaaaaaaybay?

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  37. Mr. Market's boner
    Mr. Market's boner

    ^

    http://www.youtube.com/watch?v=XBUBs4HRcSY

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  38. mrkcbill

    HPQ giving DJ false wood. Bring on the fluffers

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  39. DEVILDOG

    Looks like my 19th call will be pretty accurate. Market is toast the rest of the week.

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  40. wtf?

    if anyone is looking for a good long.

    EBS.

    Ive had great success with this one, but it is a little thin.

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  41. wtf?

    Fly, can you check the PPT on EBS?

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  42. GA

    the bulls never cease to disappoint me

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  43. Johnny Rawcus

    What’s with the big move on RIM.TO??
    I can’t find anything on it

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  44. Mr. Market's boner
    Mr. Market's boner

    Oh yeah…suck on my big ten inch

    http://www.youtube.com/watch?v=3kySh2zsdvg&feature=related

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  45. T MOE

    oils lead the rally again. reoccurring pattern here

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  46. StockRake

    Poof your bullshit breakdown is gone?

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  47. Mr. Market's boner
    Mr. Market's boner

    Ahhhh…dank yous for the margin cloik, even if she’s got a man-face.

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  48. Dirk

    Fly called every market direction change today…unfortunately, he was on the wrong side of every one. Very un-Fly like… WTF?

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  49. Jakegint

    Fly called every market direction change today…unfortunately, he was on the wrong side of every one. Very un-Fly like… WTF?

    Wrong.

    Actual conversation pending.

    ________

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  50. Dirk

    DDog…nothing worse than getting clown-raped at the close…ouch.

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  51. Jakegint

    I will post our 3:05 conversation as soon as Fly gets down writing up his “crystal chalice” self congratulatory piece… developing.

    _________

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  52. Jakegint

    Satan Chi —

    Agreed on FAST.

    Eggselent company, growing like a weed.

    I run into them all the time.

    _______

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  53. Gio

    @Jakegint… lol.

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  54. The Fly

    Dirk:

    Jackass: do you even read my posts?

    I covered shorts and went long. What did I miss?

    I would like to hear this.

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  55. fiona

    Good call Fly.

    What do you think about LSC?

    Thanks

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