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
23,436 Blog Posts

Bet Against Me, See Where It Gets You

Go ahead, you should buy oil, banks, retailers and other “early cycle plays.” You fuckers, with your low IQ’s and burlap pants, know more than the man in the fucking time machine. After all, you’ve proven me wrong throughout 2008—with your stellar stock picking skills. The market did great this year and POT is $300 per share, isn’t it?

Your lowly manners, coupled with non-existent Wall Street connections, make for a great day trader. Go get your fucking charts, grab that pencil and ruler, and get to drawing straight lines on that graph paper you received for Christmas.

While you’re busy predicting the future through technical analysis, “The Fly” will be reading his vast collection of Depression Era newspapers, for leisure of course. Oh, he’ll also be betting against the fucking snakes at XOM, RIG, LFC, KIM and VNO.

Finally, I will be selling all of my inverse etf’s by the 2nd week of January. They do not represent the underlying components effectively and should be banned by the SEC. They are assholish plays on swaps. I’ve had enough. As I said before, in 2009, “The Fly” will be going old school again, via taking direct bets against losers like KIM or RIG and most 3rd tier bloggers and less than worthwhile internet leeches, if I might be so bold as to say so.

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21 comments

  1. Bob Brill

    Thx for sharing. I’m looking to dump tbt with an early lift in Jan. Also will look for other good entry positions, continue reading from you.

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  2. HAZMAT

    Open the fucking door it’s freezing out here!

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  3. crude_oil

    Fly,U may be right on oil.Still believe NOV is the best
    bet in the oil patch.

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  4. Woodshedder

    Technical Analysis shall rise again, along with the South.

    I see having Wall Street connections has made everyone on Wall Street rich this year…lol…

    Re: diETFs…much smaller positions, my friend. You wouldn’t put 20% of your capital into a short of one company…The same applies to diETFs.

    Keep in mind the Christmas Spirit, before you tell me to f@#$ off.

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  5. The Fly

    Don’t ever give me advice. Fuck off.

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  6. The Fly

    inverse etf’s are idiot boxes. That’s why Holly Wood loves them.

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  7. Woodshedder

    lol…I hope you’re enjoying your newspapers. Vacay is sweet down here in SC. I’ve been throwing chicken bones out the window of my truck, after I’ve used my front teeth to whittle “Fly Rulz” into the side of them.

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  8. Canada

    Fly, do you celebrate Boxing Day?

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  9. The Fly

    i pictured you throwing half eaten ribs onto the dirt road below.

    Fuck Boxing Day. I’ll box your mustache off.

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  10. Woodshedder

    Ribs are tonight. And then lots of Bluegrass music, played by myself and lots of old friends, in a 4000sq.ft log cabin, on the marsh (no shit). It will be glorious.

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  11. crude_oil

    RIG up 4%

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  12. Itchy & Scratchy

    Fly greets every holiday with joy and enthusiasm born of the wide-eyed innocence and loving demeanor of the denizens of Wall Street.

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  13. S&P talking AAPL today
    S&P talking AAPL today

    Wal-Mart announces the availability of certain AAPL iPhone products on Sunday December 28 via some 2,500 Wal-Mart stores. This is roughly 10 times the number of AAPL’s own stores.
    …We believe this move will support the market-share gains that we project for AAPL’s smart phone products in 2009. We maintain our FY 09 (Sep) EPS estimate of $5.50 and our P/E-based 12-month target price of $127. Reit Strong Buy

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  14. The Fly

    I have a quote box too. I see RIG is down about 20% from where I went short.

    Good Day.

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  15. and in keeping with the Flys oil theme
    and in keeping with the Flys oil theme

    2:21 pm S&P DOWNGRADES RECOMMENDATION ON ADSS OF BP PLC (BP) TO HOLD FROM STRONG BUY

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  16. DEVILDOG

    Sounds like Fly is looking for my new lows by 1/12/09 to dump his IETFs.

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  17. DEVILDOG

    FUCK aapl and their stupid phone bullshit.

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  18. jig

    i sure as hell can’t wait to unload these bullshit iETFs..i hope your right DD.

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  19. T MOE

    XOM is a stubborn SOB. Who the fuck keep buying this bitch? May they burn with oil

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  20. Jakegint

    Ah, what a joy it must be in the Christmas season to be of one mind with the Devil Pooch.

    Have you two happy hearts traded signed copies of Cormac McCarthy’s The Road, yet?

    ______________

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  21. Jakegint

    I have a quote box too.

    Yeah?

    Why’ntcha go fetch ya quote box, den?

    ________

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