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
23,434 Blog Posts

Making Many, Many Moves

I sold 100,000 C, in order to lock in quick profits and to free up cash. I will hold the remainder, indefinitely.

I have been peeling off my UYM position and will likely be all out, sometime early next week.

I sold a little GE, since it’s behaving sluggish; but still hold more than 75,000 shares.

I sold out of my entire TNA position, for a 60% one week gain.  That fucker is too crazy.

I bought a little more BAC and M.

I initiated two new positions: both are cash rich and appear to be cheap– GU and KBR.

I have not added to FXP and consider it a fucking writeoff at thise point. However, my sentiments can change, within minutes, as you know.

Oh, I also bought a little TBL (almost forgot!)

My feelings, as always, I will murder them all.

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34 comments

  1. The game is Rigged
    The game is Rigged

    Yo, infra’s are ripping today. What does the PPT say about MTW?

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  2. Small Fry

    Why isn’t BAC part of this rally? Are they angling for a Citi-style bailout, too?

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  3. Charley

    Fry…wen u get rong China?…u short china…no fuking goo…u ruse coin…time for u to get rong china

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  4. norcal

    when do we short this rip? monday?

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  5. norcal

    how about a list of top PPT picks for infra? KBR, FLR, MTW, etc…

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  6. E

    The chart looks like a perfect head and shoulders.

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  7. JakeGint

    Crackberry update from the base of Liberty Island: the Lady smiles on all turkey fuckers and holds aloft her magic turkey leg for all to see!

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  8. If you disagree with The Fly go fuck an armadillo
    If you disagree with The Fly go fuck an armadillo

    Fly, still holding NOV?

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  9. norcal

    Infra overbought? Shorting opptys?

    http://money.cnn.com/2008/11/26/markets/thebuzz/?postversion=2008112612

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  10. sniper6

    Not a bad day, nope, not bad at all. Still drunk, on wine today, on day 3 of a binge I project to go on for six days. Seldom do I allow myself the luxury of a good “rippa”, so fuck it. Got back another coupla-few percent, thanks to the “homies”. Happy Turkey Day to all, I’ll be slurring at you Friday.

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  11. WallStreetHunter

    Flyster,

    Have a good Thanksgiving and enjoy a 2″ turkey eye and a good bottle of boredoe.

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  12. Bad News Bears

    someone look at the F and GM one day chart and tell me what you see….

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  13. The Fox

    Wallstreet Hunter…

    I think you meant Bordeaux…

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  14. Yogi & Boo Boo

    Thanks Jake! Say hello to Lady Liberty for me. Happy Turkey Day to you and your family. Enjoy the parade tomorrow.

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  15. Juice

    For the late great DevilDog –

    http://www.minyanville.com/articles/AAPL-LOW-AMZN-blk-SKF-spx/index/a/20117

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  16. Bad News Bears

    Fly,

    You did unban the DD right???

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  17. Dice

    Now there’s a stock I’ll consider.

    Baby, are you ready for the GU / OHHHHHHHHHHHHHHHHHHHHH!

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  18. JakeGint

    Hey Fly,am I losing it? How long has the Ferry been orange?

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  19. Keyser Soze

    Bob PissAnti, the patsy for the NYSE specialists, has said twice today that traders are expecting a rally over the next couple of weeks. Never mind the SPX has been up 4 consectuve days and tacked on almost 15% in that time. According to PissAnti, they want another 10%-15%.

    If I were cynical, and I am, I’d think he’s trying to coax in buyers for people to sell to.

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  20. Small Fry

    Ban the DD? He doesn’t need to be banned, he just always stays away on rally days. I think he was here yesterday predicting “new lows next week” for like the fourth week in a row. One day he will eventually be right and then he will show up and start bragging again.

    Back to this rally, I am liking it and think we close on the day’s highs, but where oh where is BAC? Someone wake up the stock, it is sleeping through this.

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  21. The Fly

    DD is not banned, just really poor.

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  22. Karl Marx

    Even tofu gods could play this – the turkey trade has only failed in something like 11 of the last 60 years. Mondays after are usually bad, though.

    Just sayin’…

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  23. Small Fry

    BAC biggest loser on the Dow. Hasn’t moved all day. Motherfucker Thain is a tool.

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  24. wtf?

    making ERGEGIOUS profits today, but still cant help myself.

    bought more srs Jan calls.

    I just dont trust this market after ripping my face off numerous times the last 3 months

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  25. charlie

    DEVILDOG! Show yourself. I have something to show you. Here, via my godly TNA and your shitty shorts:

    http://www.youtube.com/watch?v=RKQ3LXHKB34&feature=related

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  26. The Fly

    STOP BUYING SRS CALLS, you idiot.

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  27. Justin

    Fly – you should look at DLTR. The dollar stores are packed right now. Good earnings too!

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  28. charlie

    Fly, what do you think of my F plan?

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  29. wtf?

    insurance, thats all. Im willing to pay the premium and lose is all in exchange
    for protection.

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  30. Ass Napkin Mike

    Just bought skf srs eev calls jan 09.

    I’m short LM from yesterday. Bought 1000 at 15.75, bought 1000 at 16.75 today and another 1000 at 17.23.

    This stock is going down

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  31. wtf?

    Plus DevilDog says its a great idea

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  32. norcal

    The downtrend that began in mid-Sept is still intact for all the major indexes. Only the Russell 2000 is barely poking its head above it. All the other indexes are bucking against trendline resistance.

    Come Monday the market should follow the path of least resistance (down).

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  33. Donny

    FXP is now off almost 50% in 5 trading days.

    This in the face of fucking riots outside of factories in China. It seems the American Consumer is tapped out.

    Just wait until the close, then WHAM-O … hopefully in the 40’s.

    8)

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  34. JakeGint

    Holy shit it’s cold on this dock…
    ____

    Developing…

    ___

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