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
23,142 Blog Posts

Bears: Chew on That!

The Turkey Gods have spoken and they are throwing, mind you, large quantities of stuffing, with pinenuts, at those who sell equities short

Lesson #1: Never fuck with The Turkey Gods, on turkey week.

Lesson #2: “The Fly” wins all the time, even when he appears to be losing badly.

Look you, quit questioning the merits of the rally and how Citigroup Inc. [[C]] is “soooo over priced.”

Are you fucking kidding me? Asshole, did it ever occur to you that stocks did not deserve to be down at last weeks levels? Just because the market rallied 1,000 points in two days does not mean it is expensive.

As a point in fact, the market is still cheap and is likely to go higher.

I spent the duration of my afternoon just roaming around my office, elated over my big wins in Citigroup Inc. [[C]] , Bank of America Corporation [[BAC]] , [[TNA]] , [[UYM]] , amongst others. Moreover, I spent the duration of my afternoon making sure my investors thank the heavens for ever meeting me.

You fuckers have no idea how lucky you are to have me spew shit in your general direction. Without a doubt, I guarantee there is not a better trader, in the world, than Senor Tropicana.

Scientifically, it is an impossibility.

In closing, take notice of my wins and the manner in which I conduct myself, on ibankCoin. All of you other bloggers are simply not-good-enough; so quit posting on your bullshit blogs and begin making a meager existence in The Peanut Gallery instead, if you know what I mean.

Okay, I must go. “The Fly” has many things to do, such as devouring a 2 1/2 inch rib eye, while guzzling down a fine Bordeaux.

Top pick: Citigroup Inc. [[C]]

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69 comments

  1. Merlin

    I had a turkey leg for lunch. Too sleepy this afternoon to “Poof” the market down. We’ll just have to wait until tomorrow.

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  2. ottnott

    iBCers gather at RCs for an aftermarket celebration of today’s squeeze.

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  3. Neil Sedaka

    Bennet Sedacca

    03:20:00 PM

    No positions in stocks mentioned.

    1-800-GET-ME-IN…

    …Is heating up .

    This time, it feels like STOCK BUYING, not FUTURES LED BUYING. This, if true, is a true change of character.

    Granted I am long from Friday and again this morning for the first time in forever, but this rally feels like it has legs.

    Keep in mind, I think we have seen a low, not THE low, but I am still in.

    Like Minyan Peter told me earlier, I went from ‘renting them to leasing them’.

    Can you say ‘performance anxiety’?

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  4. Cupbearer to Fly

    Careful not to spill the wine on your white robe and gay furry sandals, excellency.

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  5. ottnott

    Most sincere congratulations to Fly for the awesome demonstration of his ability to catch knives and throw them right back without injury to himself.

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  6. Small Fry

    Fly, did you stay long or take profits? I am holding all my longs overnight.

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  7. rally monkey

    I don’t need no stinkin’ Viagra after today.

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  8. Juice

    “Scientifically, it is an impossibility.”

    That is a great line. No matter how often its abused.

    Ya gotta love The Fly’s tude when he wins; he is never too BIG to rub it in ones face, egregiously, no matter how low he must stoop.

    Speaking of tude; anyone see DevilDogs tude anywhere today?

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  9. Bull Maggot

    Turkey Sales have stimulated the economy!

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  10. market statistician
    market statistician

    The Fly is 1,000% right, even when he appears to be 100% wrong.

    Congrats, Sr. Orange Juice.

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  11. StarscreamPowerPlay
    StarscreamPowerPlay

    I am thankful for The Fly.

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  12. ALLPROz

    GOBBLE GOBBLE…

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  13. JjJ

    Can anyone borrow the fly’s machine to tell me what C’s PPS realistically would be 1 year from now?

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  14. Denton Cooley

    ……instead of the rib eye, just mix a giant dollop of Metamucil into the Bordeaux. It is very satisfying and will help to keep you away from your local invasive cardiologist (angioplasty)……..Also, please consider leaving your brain to Science after you are finished with it. Mankind would benefit by having it studied.

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  15. Thunderpup

    DevilDog should have stuck with his original and quite prescient call of a bottom on Nov 19th. He’d have been a freaking legend, with an asterisk(*).

    * – blown out in October due to 284% short margin call.

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  16. Shorty

    Of course Fly is investing in TnA, and I don’t mean technical and analysis. Devildog is simply an example of why you should never fall in love with anything. Stocks and women included.

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  17. CardiffGiant

    FLY,

    What about the realative strength in FXP! Like you said its like an ATM when its down at these levels! Are you looking to buy more mid week or what??

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  18. Aris

    i may take down another long position tomorrow. traders don’t care which way the market moves, so this rally could easily go on for a few days, alebeit with a breather in between.

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  19. French Taunter

    I only farted in one’s general direction.

    Spew merde? What an…American!

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  20. kittoo

    FLY IS GOD!

    Simple as that..

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  21. sysin3

    the fly in Fly’s ointment:

    Cramer loves it.

    sorry.

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  22. Dinosaur Trader

    The third-tier shall rise again!

    -DT

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  23. Employee8

    Long term, X or MT?

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  24. scum bucket

    This market cannot mathematically support a rally over DJIA 900 points. They shot their wad, we crash tomorrow.

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  25. Donny

    The Chain of Future Events … follow me here:

    1) OU beast Oklahoma State next week (handily)
    2) OU jumps over those fucking longhorns in the BCS (inevitable)
    3) OU beats Missouri in the Big 12 Championship Game (obvious)
    4) OU beats the winner of the SEC Championship Game like Donny beats PermaIdiots that bet against him in the stock market. (natural karma)
    5) OU National Champions (for the 8th time)

    http://www.youtube.com/watch?v=5o2_K4Hr_6I

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  26. Employee8

    anyone think C takes down STT now with the gov support and mm backstop extension?

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  27. The Zombie

    The Fly is God.

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  28. Hawkeye_esq

    Agree w/ scumbucket.*

    *disclaimer: I don’t know what I’m talking about.

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  29. The Fly

    Anyone get the feeling this toolbox, Terranova, got caught short?

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  30. Q4

    Glider – http://www.youtube.com/watch?v=Vnvwlo7E0hA

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  31. Juice

    I’m gonna ask Dylan to put The Fly on his show.

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  32. bullethead

    Hey Donny – the Horns beat your ass, get over it

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  33. Mr. Burns

    Anyone get the feeling this toolbox, Terranova*, got caught short?

    _____________

    *Eggsellent! Chaminade, ’84.

    _________

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  34. marlin Y

    Is Tim Knight still short?

    Awesome trading Fly, I agree there is no one trading real/time on the web better than you, no one. A couple of conditions but still quite the feat.

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  35. 4fl3x

    In the last 2 days SKF dropped more than TAZ (Direxion Financial Bear 3x)

    Odd, no.

    Proshares a scam, yes.

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  36. Anon #2

    Donny,

    Sorry to say, but OU will not and cannot beat the SEC champion (either Alabama or Florida). The talent in the South is too great. There are more southern kids that do not finish college ball in the south because they are GOOD ENOUGH to move on up to the next level. The ones that stay to play college ball are begged by the coaches and alumni to stay will stay to play for a national championship. The SEC players are men among boys when it comes to speed with size. The backs & lineman will show OU speed that they have never seen. Watch some of an SEC game this weekend like Bama vs Auburn or Florida vs. Fla State.
    Or ask RC.

    P.S. You’re a great trader. Thanks for the time you give to blog your trading thoughts. I learn alot from you.

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  37. scum bucket

    Go Sooners!

    Go ‘Bama!

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  38. so i herd you liek mudkips
    so i herd you liek mudkips

    4fl3x: looks ok to me:
    http://finance.yahoo.com/q/bc?s=FAZ&t=5d&l=on&z=l&q=l&c=skf

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  39. RC

    Agreed.

    Florida will win National Championship.

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  40. The Zombie

    The Fly is the Mickey Mantle, Montana, Jordan, Gretzky, Pele, Ali, Benji Franklin, Shakespeare, Mozart, and Zeus of stock trading.

    The Fly makes Warren Buffett look like Devil Puppy (MIA?).
    Thank you for everything, The Fly.

    The Fly is God.

    P.S.: No one should be “Anonymous.” Take a split second to choose a screen name. Have fun with it and shit.

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  41. 4fl3x

    so i herd,

    It’s all about $ bills, percentage drop means nothing to me.

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  42. TNA gave me an ERX
    TNA gave me an ERX

    gotta love the 3x’s!!

    direxion
    rhymes with
    erection

    these guys must hang out at strip clubs, just saying.

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  43. 4fl3x

    It should have touched down 1 more time, not sure what to make of it.

    http://img131.imageshack.us/img131/1360/hmmyp9.png

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  44. Aris

    terranova is a clown. all he ever comes up with is ‘buy integrated oil’. guy needs to stop smiling at the camera all the time. what the fuck is that? get back to selling pontiacs.

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  45. the Bull

    Picked up a VERY small position in SRS, 100% cash after a nice day, but, anyone concerned about the bear flag brewing on the 60 min intra day?

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  46. the Bull

    in at 142 AH btw.

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  47. Goldieee

    Moses just text me and sent me these trading 10 commandments..

    1. Thou shalt not fuck with fly, for he is God
    2. Thou shalt not fuck with fly, for he is God
    3. Thou shalt not fuck with fly, for he is God
    4. Thou shalt not fuck with fly, for he is God
    5. Thou shalt not fuck with fly, for he is God
    6. Thou shalt not fuck with fly, for he is God
    7. Thou shalt not fuck with fly, for he is God
    8. Thou shalt not fuck with fly, for he is God
    9. Thou shalt not fuck with fly, for he is God
    10. Thou shalt not fuck with fly, for he is God

    Take heed or be forever be banished to Devildog hell!!

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  48. The Gator Nation

    Go Gators.
    Noles, Tide and Sooners are Gator Bait.

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  49. Fly,

    Lesson #2 should actually be lesson #1.

    P.S – Zombie loves my username.

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  50. Anon #2

    RC,

    I think you’re correct. Fla will win it all. I’m from Tuscaloosa … have an undergrad & grad degee (’94) from Bama so I hope Saban’s guys will win. But I believe Bama is playing over their heads. Bama only has 9 seniors with a senior quarterback that is finally showing some leadership. (Bama would have lost to your LSU team if you guys had your 1st string quarterback) Saban has those Bama guys intense. They are thinking it’s a “4th down and 4” in every situation every play. The Fla game will be a good one.

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  51. arch

    i rally again tommorrow ….sold my pos of NOV @ 24.50 & 1/4 pos of UYG @ 4.75

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  52. RC

    indeed, I’m looking forward to it.

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  53. London

    federally-mandated bounce through YE juicing holiday sentiment and spending saves $150B in stimulus spending next spring…

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  54. omfgitsjd

    Wow, look at this egregious gain. LOL

    LEH Lehman Brothers Holdings Inc 0.04 +0.01 +29.03%

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  55. dont know didly

    what are the symbols for the NYSE & NASDAQ financial indexes ???

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  56. HaywoodJablowme

    Mr Fly- notice Najarian as he is sporting a nice 80’s style skullet. it takes a brass set to go on national TV with rat pubes hanging in the back…
    850-855 is resistance, this is still a bear market rally, how far do you see this going before the bear is back?

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  57. Roger Riney's Margin Copter
    Roger Riney's Margin Copter

    Funny Devildog isn’t here. I have been trying to reach him all day. He’s below minimum margin requirements again. Third time this year, in fact.

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  58. Didly,

    Financial ETFs 3x BULL – FAS(Caution)
    Financial ETFs 3x BEAR – FAZ(Caution)

    ETFs Financial –
    http://finance.yahoo.com/etf/browser/op?c=etf_sf

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  59. Woodshedder

    Didly, on stockcharts,

    $NYA = NYSE index
    COMP = Nasdaq composite index

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  60. dont know didly

    thanks for the info ..but im looking for the index letters of the NYSE FINANCIAL INDEX +$407.02 & NASDAQ FINANCIAL INDEX +$166.06 but the ETFs are in my scope

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  61. dont know didly

    thanks woodshedder

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  62. dont know didly

    nope thats not them

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  63. dont know didly

    looking for the financial parts only

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  64. dont know didly

    cant find the damn things

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  65. mdawsz

    $NYK

    $XFI

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  66. dont know didly

    BINGO!!!! you the man mdawsz

    thanks

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  67. omfgitsjd

    More pain for the naked shorts on the way

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