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
23,460 Blog Posts

Several Important Matters

I’m like the Devil Dog of oil already. This is getting ridiculous. Look, I’ll do the both of us a favor. I’ll stop bitching and complaining about oil, and how only terrorists are long, in order to kill Americans. Instead, I will hold my positions, in a very secret/clandestine sort of way, then fucking surprise you assholes, sometime down the road with a “ha, told you so motherfucker” headline.

There, it’s settled.

Before I continue, remember to keep your bets relatively small. No sector bet in oil should constitute more than 10% of your portfolio, equal to the weighting in the S&P.

Okay, settled.

Look, I just reported 200 of my readers to my local magistrate for supporting terrorism, via buying oil stocks. I have a keen awareness about my surroundings and I know you Russians are out to get me, with your Oligarch ways.

Separate from the world of energy, Obama is appointing a government hack, Panetta, to be CIA boss. What the fuck is wrong with his brain? Isn’t he the same guy who was Chief of Staff for Clinton?

If I might say so, it sounds like more of the same, instead of change.

Fucking shocker.

Into this rally, I like my chances in VCLK, ITW, TBT, C and BAC.

Also, after I am done with this fucking post, I am getting long NITE and AKAM.

Like the old saying goes, “if you can’t beat them to death, trick them by joining them; then beat them to death while they are asleep.”

FLY SELL: I sold 10,000 FAS @ $26.41. I still hold 5,000.

FLY BUYS: I bought 10,000 AKAM @ $16.53. And, I bought 5,000 NITE @ $16.23.

FLY SHORT: I sold short 2,000 NOV @ $30.05.

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42 comments

  1. Shorting_oil_at_bottom
    Shorting_oil_at_bottom

    I warned ya. Enjoy the tossing of your salads. We are not done yet.

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  2. The Fly

    You have been reported to the magistrate.

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  3. The Fly

    All good news is backward land

    10:00 ECONX November Pending Home Sales m/m -4.0% vs -1.0% consensus, prior -4.2%
    10:00 ECONX November Factory Orders -4.6% vs -2.3% consensus, prior revised to -6.0% from -5.1%
    10:00 ECONX December ISM Services 40.6 vs 36.5 consensus, prior 37.3

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  4. Chuck Bennet

    Oil will go higher, stop bitching and start digging.

    regards

    chuck

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  5. fwiw

    Fly,

    At least you are not boasting about cup sizes and bouncy rides in a gay muscle car.

    fwiw

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  6. T MOE

    EXXON fading fast. Now is your chance to get in the funnel

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  7. SEC

    Does anyone care to provide links or information about the gentleman known as FLY?

    We are investigating him for possible bait n switch schemes involving oil, middle east and sand flies.

    http://www.houseofhoy.com/Camel%20Spider.jpg

    .

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  8. j

    banks are looking good again.

    Next quarter’s losses could send C back to 50 bucks again.

    yea fly it’s backward land. hahahahahahhahaha that’s funny.

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  9. mdawsz

    Call me Russian again…just fuckin’ try it.

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  10. Sir Douchebag

    Obama’s stimulus rally will meet a dubious end as we all know.

    how shall those who profit on the short side do it?

    Doesn’t fucking matter.

    But CRE (via SRS) is fine with me.

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  11. mdawsz

    DEATH TO DEVILDOG!

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  12. Dinosaur Trader

    This guy, was all over the “no change” thing…

    Also, his blog is hilarious. You can vote it the best humor blog here. Next year, we’ll have to nominate “the Fly,” cos that Canadian newspaper thing got him nowhere…

    -DT

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  13. mdawsz

    DT, you have the best humor blog on the 3rd tier.

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  14. scum bucket

    Obama is going to let Clinton handle to foreign crap, while he concentrates on the domestic side. A shared partnership in the executive branch, hey, we get two presidents for the price of one, for the third time. (clinton/clinton) (Bush/Cheney) (Obama/clinton)

    Term limits? Who needs ’em?

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  15. Freddy Krueger

    Im out with 6% gain ,wait and see, light volume so far..

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  16. Mystery

    Dam you fly, the magistrate is at my door.

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  17. The Fly

    VCLK/AKAM my favs right now

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  18. Dinosaur Trader

    Thanks, mdawsz… you’re the smartest commenter on this blog.

    -DT

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  19. The Fly

    MDAWZ is a fucking Russian commy attorney.

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  20. colombian guy

    mr fly,.,,
    i worship you every day, and this is how you pay me?
    you handed my ass bringin federal heat to my door?

    ok, settled.. i wont scalp DIG ever again.

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  21. Dinosaur Trader

    Yeah, but he’s a smart russian commy attorney.

    Free compliments for anyone who says nice things about my blog! GO!

    Oh, and I got a bangin’ short off in DDM at $34. I’m liking this reversal for now.

    -DT

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  22. Steve The Neighbor
    Steve The Neighbor

    Comrade Fly. Thank you for picking me as block captain for our local KGB.
    I thought you may want to know that Mrs. Tillis across the street just pulled into the driveway with a new gas guzzling SUV.
    Should I detain her for questioning about her gas usage?

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  23. Woodshedder

    Die market, DIE!!!

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  24. BOOMER

    Stopped out of aapl

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  25. Jakegint

    Could be worse. You could be the “Devil Dog” of everything else.

    Like that guy with the bunker full of lemon pudding in Montana.

    ________

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  26. mdawsz

    Stocks acting gay!! Get some shorts ready for the barbie.

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  27. Lady Guenevere

    I went thru a bad divorce with apple and google last summer/fall and the wounds have still not healed.

    I will not touch either of those two stocks.

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  28. gappingandyapping
    gappingandyapping

    Shorted more XOM at 82.50 just FYI. Oil could be set for a retest pullback after this massive run.

    UPDATE: I am also trying to slap that bitch KIM around but she is punching my eyebrows off.

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  29. Jakegint

    Or like Wood, apparently.

    _______

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  30. little2rich4u

    I also went short oil today, Fly. So we’re buddies again! Maybe you’ll open up to my ads???

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  31. Henry Fool

    AFAM @ 46.15

    Going to BTFO and rip over $50!!

    Good Day.

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  32. Left Wing Loon

    We, the faithful Obama cult members, are pissed. We didn’t vote for a Clinton third term.

    Change. LOL.

    I want a fucking refund of my $11 campaign pledge.

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  33. Tammy O'Brien, Local Magistrate

    All roight then, who’s the gampy loon who keeps re-PART’n these noice payple en the earl investin’ busy-ness tah may?

    __________

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  34. The Fly

    Rich:

    I might even throw you a link.

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  35. little2rich4u

    Bah!

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  36. Tammy O'Brien, Local Magistrate

    And ets not as eff enny earl investor in his roight moind dinna know ta PAR-chase me favor with a wee bit o’ the Oirish, iffen ya know what ahm sayin’!

    ___________

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  37. It is unAmerican to short oil. All those young entrepreneurs are out there working to keep America’s wheels turning – it is dirty work, but someone has to do it, no?

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  38. jig

    why would you throw him a link when he made you asshat of the year on his site. he’s a little bitch.

    anyways, SRS is acting mighty gay, strength was at the high of the day and weakness was when we sold off….

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  39. ok, now what?

    Sold 75% of my DXO for a 52% gain. My weedwacker thanks you for the head’s up.

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  40. Henry Fool

    FLY:

    May I trouble you for the PPT numbers on AFAM?

    I believe there are a few million shares short on an 8 million share float.
    I believe these shorts could get their faces ripped off here!!

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  41. Da_bears

    i really should mark my trades. oil great gains and steel well just look at it today. who told u it would be up and for a rally

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