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
23,445 Blog Posts

We Will Close at the Lows of the Day

Not to sound like our resident scholar, Devildog, but odds are we will swan dive into the close—thanks to BAC/C/BCS.

Let me clarify today’s moves:

I fucking hate inverse etf’s. Although, truth be told, I am rather enjoying them today. However, I made a committment to leg out of these fuckers when the time was right. Now, going into this mornings trade, more than 60% of my assets were tied up in these fucking bastards. Two weeks ago I was ready to laugh at funerals and cry at comedy shows because of my large inverse etf exposure. However, I grabbed my balls, when the time was right, and nearby tripled down on my positions, just prior to the current meltdown.

I have SRS from $49, FAZ from $35 and DUG from $22—just to name a few. Basically, I’d have to be out of my fucking mind not to lock in big year to date gains, within the first two weeks of the new year.

If you recall, last year I was up huge during the first two week of ’08 (more than 25%), only to give most of my gains back like a fucking imbecilic fucktard, thanks to the insane Jan-March rally.

My point: never underestimate your enemy. Right now, my enemy, for the most part, are most of you—since you are long stocks. Don’t lie. I know you are betting against me.

Bottom line: I don’t give two fucks and a gay fiddle about where SRS goes, after I sell it. This is the first month of 2009; quit trying to eat the cupboard bare all in one sitting, you fat fucks.

At the time of the post, “The Fly” aka Senor Tropicana aka Plutonium Petey aka HORATIO CLAWHAMMER was up more more than 13% year to date.

NOTE: At the close of trade, iBankCoin, in conjunction with other internet fucktards, will debut “The Fly Show” episode one.

If you enjoy the content at iBankCoin, please follow us on Twitter

93 comments

  1. kidstock

    Fly is God

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  2. El Scorcho

    Will “The Fly Show” sorta be like “The Truman Show”?

    I’m sure most of the world would like to see what you were up to 24/7.

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  3. CAP

    The funny thing is, after all this shit is over, the richest place in the world will be Africa. The US, Europe, India, China, Japan, will all be bankrupt. Time to book my flight to Mozambique. Maybe Senegal or Chad or even Somalia.

    And remember kids, Africa is a continent – not a country. Don’t be like that doofus soon to be ex-president of ours and call Africa a country.

    Good idea FLY. Lock those gains in. The rally will start tomorrow and go to late Feb early March. Dow 10,000. S&P 1050.

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  4. The Fly

    Cap-

    Go suck your own cock from the luxury of your African hut.

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  5. Fly check your email….I just sent you a photoshop, post it if you want…..

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  6. j

    oh o

    Socialism just walked through the door. Is there a 5 year plan that goes with this?

    http://www.washingtonpost.com/wp-dyn/content/article/2009/01/15/AR2009011501715.html?hpid=topnews

    O’man has a plan? He sure fucking does. It’s over folks. I’ll see youse all on the other side of hell.

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  7. TheArtist

    CAP. Obama did not call Africa a country…..Palin the bimbo did……

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  8. CAP

    Fly – go eat shit in that soon to be war zone aka the New Baghdad aka New York Shitty . Better build a bunker before that mushroom cloud appears over your head.

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  9. TheArtist

    NYC is full of bunkers, it’s called the subway system…..Fly has it covered….

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  10. Fly Leech

    Artist,

    You are truly a dumb fuck. It was Tina Fey. Easy to tell where you develop your vast knowledge.

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  11. obama does what he’s been told and produced for ..

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  12. scum bucket

    Yep, then you’re going to swear off ETFs for good this time. Blah, blah, blah…

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  13. ShortBus

    how does a time traveling magician appear on three sites all at the same time?

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  14. Keyser Soze

    CAP, buy yourself an eyepatch, teach yourself to say ARRRG, get yourself a peg-leg and a funny looking black pirate hat, and become a Somali pirate.

    It’s far more lucative than being an investment banker or money manager.

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  15. TheArtist

    go here Fly Leech, you dumb fuck……
    http://www.huffingtonpost.com/2008/11/05/palin-didnt-know-africa-i_n_141653.html

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  16. Don

    I locked in all gains myself. Even if we close at the lows probabilities don’t favor another October here.

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  17. CAP

    Soze – that is my plan. I am buying a pirate ship on Ebay as I write this. I am also recruiting a crew of bloodthirsty buccaneers. Then we’ll go get ourselves some bounty. Hijack ships, steal shit. Just like the good ‘ole days.

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  18. Jester

    CAP’n SuckMeOwnCock….yarrrrrrgggggghhhh!

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  19. GW

    Hey Cap,

    Zimbabwe should have a nice exchange rate….lol

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  20. TetonStorm

    so was it the bordeaux or the ribeye? your clarity today is definitely influenced.

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  21. Donny

    My God! Crude = $33.52. Here come the 20s.

    And the Dow trades with a 7 handle again.

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  22. The Fly

    My cash position is north of 60%.

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  23. TheArtist

    7 handle on the DOW coming up in 10 seconds

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  24. blow up

    Put on your jock straps. Oversold buried. Smart money still short.

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  25. The Fly

    I
    Told
    You
    So

    Fuckers.

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  26. Donny

    Me
    Too

    Fuckers.

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  27. The Game is Rigged
    The Game is Rigged

    GM cuts 2009 sales outlook from 10 cars to 4 cars.

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  28. Big Mike

    What a wonderful days…Big Mike starts the year in a ROAR!

    My inverse ETF’s working beautifully, my BAC short is killing it and my PORNSTAR condoms are finally here…

    Anybody ever tried “Crown” condoms? It’s the thinest out there…pornstars use it. Took a while to get a hold of these… It got rated best condoms 7 years in a row…

    http://www.condomdepot.com/reviews/best-condoms.cfm

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  29. EN1GMA

    FLY u DA MAN….
    and surprised you’re not greedier to hold the inverses… you don’t think there will be a follow through selloff tomorrow with the Citi news?

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  30. the Bull

    So that’s what the “Big” is in “Big Mike”.

    Umm, that didn’t sound ghey did it?

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  31. DEVILDOG

    We will be DOWN pretty BIG tomorrow too on our way to S&P 600 in Feb.. I just wish I had sold my SRS @ $71 while I had the chance.

    PLEASE watch this new Neil Young music video you’ll love it.

    CHECK OUT this new Neil Young music video. FORK IN THE ROAD “There’s a bailout comin’ but it’s not for you. It’s for all those creeps hiding what they do”. AWESOME! I love Neil Young’s songs and his social commentary. Love what he thinks of an AAPL ipod.

    http://www.neilyoung.com/forkintheroad/forkintheroadvideo.html

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  32. TheArtist

    Dennis Kneale really should put his Mickey Mouse hat back on………..

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  33. Dinosaur Trader

    I’m hoping for a sex scene with a Romanian goat in this “Fly show.”

    I know I’m not the only one…

    -DT

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  34. Proshares

    If you quite me now, you will just sit there and shiver and shake. You will not be able to blink as you stare at the tape. Pull the trigger!

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  35. TheArtist

    The market has been down 7 days in a row, Dennis Kneale just said it was “profit taking”……..what a fucking baffoon…….

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  36. Controller

    DT, You ARE the only one.

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  37. Thunderpup

    Long slow grind, interspersed with pockets of hope. This is a classic sign of what is to come.

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  38. Simonjemmy

    Big Mike…I think you’ll find Crowns are made in Japan and sized for Japanese men…so I guess it’s really not “Big” Mike at all.

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  39. Maelstrom

    Am I the only one that thinks Obama looks like a sock puppet..Fly spot on call

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  40. EN1GMA

    DevilDog… you don’t think there will be a reversal on inauguration day?

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  41. hmmmmmm

    Fly,

    I’ve been looking through the SEC but can’t seem to get a handle on finding who has a sizable line of credit with BAC (and C for that matter). Is there a way to look this up other than looking through a specific company’s reports?

    Thinking of coming up with a list to cross-check against their debt/equity and cash on hand.

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  42. Big Mike

    Awww…Simonjemmy,

    I am WAY ahead you, my man…Any moron can get a HOLD of Crown rubbers…but it’s the EXTRA SUPER “FITS HORSE” SIZE that takes a while to get a hold off.

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  43. boca

    The Fly Show, Episode 1 … my trading day is already going well, but this will just be the chocolate on my Carvel cone. (DT, there’s no goats in my fantasy.)

    Anybody hear from Chivas? I hope he’s doing well and out of the hospital.

    Maelstrom, nope, never thought Obama looked like a sock puppet.

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  44. jingle

    Big Mike:
    to get a hold of? Or get a hold off? Dude…2 different things entirely :O

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  45. DEVILDOG

    EN1GMA, yes we get a bounce on the 20th not a reversal.

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  46. CAP

    The lows for Jan are in today. Get long by the close for the Obama rally.

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  47. BIG MIKE

    OMG…not this fucking grammar correction bullshit again…

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  48. jingle

    LOL..no.. I am just trying to figure out whether you meant that they were hard to find or you couldn’t get the damn thing off…

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  49. The Fly

    Macy’s has a 2.5 bill line of credit with BAC.

    Right now, I have 5% long, 60% cash and 35% short.

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  50. Simonjemmy

    Big Mike….I stand corrected.

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  51. New Poster

    Bloated pig alert

    Short APOL now. Another Citron research scam find.

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  52. Bravo

    Now its the elimination of the Glass Steagal act…yeah, that’s it…BAC got so big fuckjaw didn’t know the moving parts of his company.

    It begs the question:
    Are their any adults in positions of authority? As Fly would say, their fucking IVY degrees aren’t worth a gay fiddle.

    Baby boomers. The worst generation.

    Fuck. Them. ALL.

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  53. MOOBER

    QLD seems to be getting traction

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  54. The Fly

    Gasparino said “bullshit” on air.

    How the fuck are those clowns on CNBC still bullish?

    Don’t they understand they are hurting their viewership? Does that even matter anymore?

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  55. TheArtist

    gay fiddle….that was funny…….Fly should also award a daily prize, to the one person of each day who deserves “The Gay Fiddler of the Day” award.
    (or “The Daily Gay Fiddler” award)

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  56. so i herd you liek mudkips
    so i herd you liek mudkips

    RC: and look who’s last.

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  57. DEVILDOG

    CAP, you’re too funny. By tomorrow you will be destroyed. Get a clue dude.

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  58. Juice

    The FLy teaches Eric “the Oil Barrel” Bolling, how to trade oil & their greazzy stocks.

    http://twitter.com/ericbolling

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  59. mrkcbill

    RC

    Odd No?

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  60. TheArtist

    The Fly Says:

    Gasparino said “bullshit” on air.

    How the fuck are those clowns on CNBC still bullish?
    _____________

    They are “Rodeo Clowns”……..

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  61. scum bucket

    Hagatha Pelosi gonna save them sheeple. Bwahaha!!

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  62. CAP

    DD – I assure you today is the bottom for January. The Obama rally starts now or tomorrow. Go ahead bet against me. See where it gets you. Remember those 2x iETFS fall a lot faster than they rise. And God help you if you are holding those triple iETFs.

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  63. sniper6

    FWIW, I’ve been checking out available spec’s on Prince Obama’s new Cadillac; it’s a pretty phat ride, what with the armor and bulletproof glass and all that… guessing that some ardent admirers of our new monarch will be buying Caddies too, just to be followers.

    Maybe GM will get a little boost from that, for a day or two… check that, maybe an hour or two.

    Don’t ask if I’m investigating for professional reasons. B.O. is not a face on the “hit parade” at this time.

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  64. mdawsz

    MASSIVE RALLY!

    DEPRESSION IS CANCELLED!!

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  65. Bears are fucked…..for now

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  66. DD will have to downgrade to a F150

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  67. T MOE

    Bulls making their push as they often do about this time of the day.
    All you bulls go ahead and buy. You will be de-balled

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  68. sniper6

    It’s supposed to be the most secure car ever produced. I’d imagine somebody out there would enjoy putting that to the test.

    Side note- obviously Bush is far more hated than Obama at this time, mebbe he oughtta have the most secure car available.

    Obama could be driving “Herbie the Love Bug” and be safe because everyone loves him so.

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  69. CAP

    T MOE – Go ahead stay short. Just saying bears will be de-balled into the close. Lows are in for the month.

    Dow will close above 8400. I dreamt it last night. Its amazing but today is progressing just like the dream I had last night. Even the exact numbers. I saw FAS in the lows $12s in my dream before it rocketed into the close. TNA too was at $23 before closing above $27. Crazy stuff.

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  70. Braveflaps

    More bull banding apparent.

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  71. Pete

    Many people will be covering their shorts today and tomorrow. Monday, the market is closed and Tuesday is Obama inauguration. Stay short at your peril…at least for a few days anyway.

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  72. GW

    Who can say what has changed in the last week regarding the banks ? Anyone ? Is it not already assumed the banks need more capital ?
    Some how this feels like an induced panic in order to get weak hands to sell so things can run next week with the Obama inauguration.

    The cheese spigot will be wide open starting next week no ?
    Or am I over analyzing this….?

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  73. kidstock

    Anybody else playing PALM?

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  74. Fly Leech

    Artist,

    Just got back. Found out you are an even dumber fuck than anyone could imagine. You gave a link to Huff-post that you can scroll down to see the answer:

    “We now know that this “story” was a hoax. If you believed it, you’ve been had, hook, line, sinker.”

    And, since you remind me of the infested scum that drips out of an old faggots asshole after a night on the town, here is another link on huff-pole that refutes it:

    http://www.huffingtonpost.com/2008/11/10/martin-eisenstadt-non-exi_n_142785.html

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  75. charlie

    SOLR SOLR SOLR!!!

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  76. sniper6

    Big rally, wow, I am fucking underwhelmed.

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  77. Henry Fool

    AAPL has bottomed I don’t own it but it will help lead this market to close green.

    I too am 60% cash but holding select longs with balls at risk.

    AIPC TNA SWHC AFAM

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  78. Henry Fool

    I predict that by the end of the day Fly is buying stocks with impunity.

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  79. DEVIL DOG

    GO LONG!! NEW HIGHS IN FEBRUARY…BULL MARKET IS BACK!!

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  80. Buy Fly Buy!!!!

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  81. mdawsz

    Underwhelmed??? Dude, the naz just went green.

    • 0
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  82. sell FAZ!!!!!!!!!!!

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  83. Jakegint

    Dollar proxy (UUP) bounced off that downtrend line (25.81 high) and is headed back down again (currently at 25.65).

    Probably a good time to think about covering shorts, especially commodity shorts.

    ________

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  84. Jakegint

    I have SRS from $49, FAZ from $35 and DUG from $22—just to name a few. Basically, I’d have to be out of my fucking mind not to lock in big year to date gains, within the first two weeks of the new year.

    Wise.

    _________

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  85. charlie

    Adding more SOLR. Opening a TNA position.

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  86. jig

    closed SRS and opened TNA position at 24.60.

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  87. Jakegint

    Sorry, but I was in meetings all morning til past 1 pm EST, so I had to time stamp this one:

    I
    Told
    You
    So

    Fuckers.

    January 15th, 2009 at 12:42 pm

    then Donny:

    Me
    Too

    Fuckers.

    January 15th, 2009 at 12:44 pm

    Anyone want to guess the time on the low of the day thus far?

    😉

    __________

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  88. The Game is Rigged
    The Game is Rigged

    You bears can spark a rally like noones biz….

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  89. Happy Gilmore

    “We Will Close at the Lows of the Day”

    The price is wrong, bitch!

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  90. The Fly

    Irrelevant faggot.

    I cashed in my chips and I have a better ytd gain than you.

    So, fuck off.

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  91. ANGELCAT

    The market will test May ’08 highs this month. S&P to 2500 by year end.

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