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

Get Back in the Pipe Drain

Markets like this, everyone is a loser. Unless of course you are spinning around your 5 figure internet brokerage account 100mph, this tape is next to impossible to game. My first inclination, staying in cash, was the correct course of action.

Instead, I’ve been chasing my fucking tail around, like a wet dog, getting beat along the way.

The only silver lining to my recent moves: I kept many longs. The downside: I bought many shorts.

Who knows where this bitch of a whore of a tape will go next. All I know, this fucking cocksucking bastard will go lower, eventually.

Believe me, I am tempted to blow out of the FAS that I bought yesterday right now. As a matter of fact, if I sold right now, I would be booking a profit, which is unbelievable considering where it was earlier today. However, I do not trust anything. So, having both long and shorts is the equivalent of being in cash, providing the spreads are not out of whack.

Long story short: expect the best; but hope for the worst.

Until the voices in my head tell me to make a move, I will cling onto my cash position (12%), as if my balls were were dipped in turpentine then lit aflame.

Just get back in the fucking pipe drain you fucking troll.

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90 comments

  1. kidstock

    You could be worse than first…

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  2. Juice

    The sad reality is we must choose between a drain pipe or the funnel 🙁

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  3. ralph kramden

    Off to the moon, Alice!

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  4. Phil_from_Brazil

    Bot a shit load of POT @ 71.65 to offset my short exposure. Net income doubled (announced today), 7.5 multiple. Probably the only stock in the market today I feel comfortable owning.

    Good luck.

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  5. TheRealCaddyTrader
    TheRealCaddyTrader

    I will take the Funnel over the Pipe.
    When in the hospital and they bring down the pipe then it’s all over.
    At least with the funnel one has a chance.

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  6. TheRealCaddyTrader
    TheRealCaddyTrader

    Out of TOL and ITB for some profit.
    Acting too weird for this daytrading fool.

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  7. Phil_from_Brazil

    Target on POT, retest of recent 3-month highs: 83.

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  8. sniper6

    I’ll take both. I love to do a funnel before I hit the pipe.

    Reminds me of Bill Murray in Caddyshack- “Cannonball! Cannonball!”

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  9. Donny

    Prediction — the Dow finishes positive for the day, and FAS eclipses $10.50.

    Ta-Ta

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  10. TraderCaddy

    stop kidding your self your lost in this market WERE GOING TO 900 jackass fuck your own bag of golf balls

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  11. alphadawgg

    The Fly is good.

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  12. CAP

    Juice – Your rally started a day early. Does that mean tomorrow is down ?

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  13. Donny

    What kinda fuckery mind game are we doing with this gawd damn stock market?

    8)

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  14. Maelstrom

    Donny…you must be prescient

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  15. TheRealCaddyTrader
    TheRealCaddyTrader

    TraderCaddy- Kiss your ass fool.

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  16. Jakegint

    I am in the pipe drain with FAS.

    Well out of reach of the funnel, which leads to the (vertical) sewer drain.

    Not to be confused with the vortex of certain deflationary death.

    Whew.

    _______________

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  17. sniper6

    It’s easy to grin
    when your ship comes in
    and you’ve got the stock market licked
    but a real man won’t frown
    when his stocks all go down
    and the market gives his balls a kick

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  18. TheRealCaddyTrader
    TheRealCaddyTrader

    By the way we rally at least 40% on S&Ps up to the summer and then down we go.
    See FDR’s first year for a sign.

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  19. punyandy

    my prediction – “captain obvious” has a fondness for snoopy.

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  20. Contrary Indicator
    Contrary Indicator

    we’re in purgatory.

    a break to the downside means go heavily short… that’s what my technicals are telling me is going to happen… however, a break up and we could see a monster rally.

    next few days should tell the tale. positioning over the weekend will be very tricky.

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  21. punyandy

    Paging Vicenzo – it seems there might be a gravy emergency in the server room.

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  22. Juice

    CAP – this is the perfect lead in to tomorrow … well off the lows on depression era news

    still expecting a gap & go tomorrow

    not selling a thing … looking for move over 850 at least

    fwiw … be careful, no throwing caution to wind

    pick a vehicle or 2 or 3 just in case we do go tomorrow, with an exit plan in case we don’t

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  23. JF

    I like the market action– don’t have an opinion, just trade what ever fuckin way it’s going.

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  24. The Chart Addict

    You’ll be saying “WTF” every time!

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  25. JF

    WTF right.

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  26. JF

    I really like trading FAS, can’t get any shorts though.

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  27. Da_Bears

    bull flag developing but i like short

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  28. Sarah Silverman

    What the cock was that shit?

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  29. CAP

    There we go. Reverse is here. Get short and ride to new lows.

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  30. TheRealTraderCaddy
    TheRealTraderCaddy

    Having lived in the dorms in the early ’70s I have seen dope plants bigger than that under an ultraviolet light in my neighbor’s dorm closet.
    By the way, he is now a pretty famous brain surgeon in Miami today.

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  31. Jakegint

    I’m gonna take the pipe if I see that fugging FUPA ad again.

    It’s worse than Richie Rich’s Eric Bogosian ad.

    ___________

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  32. CAP

    JUICE – You are a very brave man. May the force be with you.

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  33. Get short…sold fas earlier and now bought more FAZ……basement here we go!!!!!!!! Sell FAS Fly..

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  34. RC

    not so FASt.

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  35. Jakegint

    Instead, I’ve been chasing my fucking tail around, like a wet dog, getting beat along the way.

    Holy shit you are the funniest person on the planet.

    Or at least, “one of.”

    _________

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  36. Jakegint

    I’m serial, that shit above, it’s like poetry.

    Comic poetry.

    ___________

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  37. Bueller

    Anybody willing to make a call here on GOOG? What kind of numbers are in store for after hours?

    Anybody?…Bueller?

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  38. Jakegint

    RC or Chart addict, do me a flavah, and take a look at the recent chart on USO and tell me “whaaat daah flaaaahk?”

    I mean, what is that chart formation?

    “Parade of Mantises Formation?”

    ________

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  39. Jakegint

    Buhler —

    Like I told Swan — 341 on the open tomorrow, close at $369.

    Btw — Bruce, there’s your Cadillac Catalyst.

    _______________

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  40. Roark

    DRYS just hit an iceberg…

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  41. Bueller

    Pretty bold call, Jake. Care to share how you arrived at that number? Not saying you are wrong…just very curious. I personally think there will be a decent move tomorrow…just not sure which way. TIA.

    Ferris

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  42. TheArtist

    CNBC is so absolutely full of cocksucking shit it is pathetic…..They have a fucking G-rated show, and all the hosts are fucking pussies during the day as they speak, always shushing people would even say the word “ass” or “damn” or “hell” (by obvious accident) since they are all warned to “control their language” prior to going on the air, solid pussy lightweight network all the way….
    …and here they are….

    knowing they have NO viewers after 7:00, and claiming this irritating “G” rated attitude, and here they make shows on fucking pot smoking, and prostitution, “getting high and fucking girls who get paid to suck cock” and put these shows on at 8:00?

    what a fucking joke CNBC has become……desperate for viewers

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  43. punyandy

    TheArtist –

    Nowhere in your rambling, incoherent response did you come close to anything that could be considered a rational thought. We are all dumber for having listened to it. I award you no points and may God have mercy on your soul.

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  44. j_remington

    Fly,

    When you say you are “done” does that mean you continue trading?

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  45. Phil_from_Brazil

    This is a very treacherous tape. wow.

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  46. TheArtist

    puny, first off it is not a response, it is a first time statement. second, no one “listened” to it, they “read” it, third, go back to your room and do your homework, your mother will be calling you for supper soon……

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  47. The Fly

    I will trade until I die.

    Done for the day is all.

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  48. Newsflash: President Obama has issued an Executive Order (N0. 5749567645847) that requires everyone to get a mandatory tire pressure check. Where is Donnymeister? FAS =$10.50???????????

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  49. punyandy

    TheArtist –

    Obviously an idiot. And not an Adam Sandler fan, I guess.

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  50. TheRealTraderCaddy
    TheRealTraderCaddy

    Fly is out at Home Depot looking for a commode on legs for his office.

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  51. Topper Harley

    Meredith Whitney will be on CNBC shortly.

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  52. CAP

    Watch us lose 100+ points in the last 30 minutes -300 close.

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  53. Lady Guenevere

    “Who knows where this bitch of a whore of a tape will go next.I do not trust anything. So, having both long and shorts is the equivalent of being in cash, providing the spreads are not out of whack. FLY”
    *********
    Lady Guenevere Says:
    Tomorrow- a great awakener, expect disruption, and radical discontinuity.
    January 21st, 2009 at 7:06 pm
    *****************

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  54. Keyser Soze

    If you back out the $2.25/share in balance sheet cash, Microsoft trading @ about 7x cash flow?

    Guy Adami will have a boner talking about how cheap it is “on a valuation basis” and that you can get long here for a trade since today’s volume will be about 2.5x average.

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  55. Scott

    Fly,

    What do you make of TBT. Normally, I would expect TBT to go down as the market has gone down. Not true, though. It has been up and very bad days. It is shown steady movement up regardless of the tape.

    What do you make of this? Is the treasury bubble bursting no matter what??

    This would make it a very strong play, right?

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  56. TheArtist

    puny, seriously, your mother is calling you.

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  57. Rodney Dangerfield
    Rodney Dangerfield

    I just bought 5000 shares of GOOG.

    Wish me luck, fuckfaces.

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  58. Bravo

    FLY:

    Could you run a PPT for COF?

    Thanks.

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  59. Donny

    I want to kill somebody!

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  60. go2mars

    “I will cling onto my cash position (12%), as if my balls were were dipped in turpentine then lit aflame.” -Fly

    I’d put down whatever I was clinging to and try to put the fire out!

    Buy low, sell high. Simple. 🙂

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  61. mike

    Re John Thain: He’s no Richard Cory; too bad
    http://www.bartleby.com/104/45.html

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  62. Lady Guenevere

    Off to play some tennis and afterwards have a nice glass of Coppola Director’s Cut Russian River Valley Chardonnay and a NiÇoise salad:Italian tuna, boiled eggs, Kalamata olives, new potatoes,roma tomatoes and fresh green beans on a bed of mixed greens, drizzled with truffle oil vinaigrette, at the Tastingroom Wine Cafe across from my home.

    Happy Trading I did well today!

    🙂

    .

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  63. Donny

    John Thain and Ken Lewis, a thief and an idiot!

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  64. Frank Zappa

    What is your conceptual continuity?

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  65. TheRealCaddyTrader
    TheRealCaddyTrader

    Good luck Rodney with GOOG especially since you get no respect.

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  66. Jakegint

    Ferris:

    I snapped on the rubber gloves and pulled that out of my ass after looking at past post-earnings moves.

    Take the similar tack if you think it’s earnings will be off.

    ___________

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  67. down down and downer
    down down and downer

    This market fucking sucks.

    I will jump on the DRYShip and sail into Profitland.

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  68. The Fly

    COF:

    Technical Breakdown
    Accumulation/Dist. [?] 1
    Price Performance [?] 1
    Relative Strength [?] 1
    Volatility [?] 2
    Volume [?] 5
    Overall Technical Score [?] 1.67
    PPT Recommendation: Strong Sell
    Fundamental Breakdown
    Debt/Equity [?] 4
    PEG Ratio [?] 1
    Price/Book [?] 5
    Price/Sales [?] 5
    Profit Margin [?] 4
    Overall Fund. Score [?] 3.60
    PPT Recommendation: Buy
    Hybrid Score
    Hybrid Score [?] 2.48
    Historical Scores
    How has COF scored in the past? Click here to find out.
    PPT Recommendation: Sell

    I would sell TBT here.

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  69. Fly Jr.

    Lady G is off to suck more cock

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  70. Lady Guenevere

    Fly Jr there is something to be said about a man….that has to pick on the only Lady (girl) in the room to make himself feel important and big. You are the worse kind of bully….you dont bully other men…instead you find the weakest person or the girl in the room and pick on her to make yourself feel important.

    Fly should have never allowed you to take on his ‘ name’, you represent the lowest of men, not worthy of even maggot status.

    Out the door…. good day gentlemen.

    .

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  71. Scott

    thanks FLY! selling

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  72. Jakegint

    Looks like its time to ban your “Son” again, Fly.

    Is there a reason your COF analysis ended with a TBT recommendation?

    _____________

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  73. June Cleaver

    Hey Lady G.
    What am I? Chopped liver?
    Eddie Haskell for Merrill’s new chief.

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  74. Scott

    Rodney,

    I am in tech. I would not be buying GOOG here ahead of results

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  75. Bueller

    Jake. Been reading your posts for a long time now. I am certain you do not pull numbers out of your ass…as you say. Good luck with the trade.

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  76. warner

    get out of google .. if you hold, hold till tomorrow in the close to get out +- zero

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  77. Roark

    What does “being in tech” have to do with predicating the advertising revenue or forecast of a company like Goog? Look you may be right about it missing it’s numbers, just don’t confuse keeping servers running with expertise in predicating marketing spend.

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  78. anjing bau

    Fly I have been reworking your motto need to get a new one for a new year

    The Fly

    I have seen the future…and it has flies all over it

    2009

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  79. Don

    Just my $0.02 FWIW, (if you are daytrading completely disregard this), I see no reason to be playing the long side in this market. Yes it’s tough to short when the squeezes hit but the market bias is lower. We have had zero follow through days, hell, the 5-day averages are still down. Trying to catch the squeeze up is a crap shoot.

    I may just be dim and missing opportunity, but the only thing that I see working in this market since August is shorting overbought and shorting breakdowns. I may be slow but I haven’t made a red cent trying to buy a bounce. Done alright on the short side though.

    If it’s working for you keep it up. If you are struggling, then take this into consideration. I didn’t just come up with this off the cuff. It was hard fought and paid for in the battlefield believe me. I have the scars to prove it.

    ps, we will eventually get a bear market rally worth trading. A follow through day on volume will most likely kick it off.

    Best of luck

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  80. Don

    Duplicate post – wordpress acting a little screwy

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  81. Don

    same

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  82. TheRealTraderCaddy
    TheRealTraderCaddy

    Trying to decide between the pipe and the chamber for the last 15 mi nutes.

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  83. Fly Jr.

    Off to play some tennis and afterwards have a nice glass of Coppola Director’s Cut Russian River Valley Chardonnay and a NiÇoise salad:Italian tuna, boiled eggs, Kalamata olives, new potatoes,roma tomatoes and fresh green beans on a bed of mixed greens, drizzled with truffle oil vinaigrette, at the Tastingroom Wine Cafe across from my home.

    Speaking for all the other “men” in this room, I have a strong hunch I wasn’t the only one completely gagged by your faux display of elitism. Are we supposed to be impressed?

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  84. Scott

    Fly,

    when you get a moment… I was wondering what PPT says about EPIQ… They might be a long play (they help companies go thru bankruptcy). Not sure what the right entry price is… if at all…

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  85. BobbyFlay

    The only food items I have actually eaten on that menu are the olives,tomatoes, and boiled eggs.
    What the hell is the other stuff?
    Italian tuna? Is that ravioli that looks like a tuna?

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  86. i thought italian tuna was greek for spanish pussy?

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  87. Jakegint

    Speaking for all the other “men” in this room, I have a strong hunch I wasn’t the only one completely gagged by your faux display of elitism. Are we supposed to be impressed?

    Don’t speak for me, classless toad.

    Chicks get a certain leeway in their subject matter.

    You, on the other hand are restricted to accepting japes for your douchebaggery only.

    __________

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  88. Fly Jr.

    Jake – my Dad has always said you’re a sissified weenie roaster. I tried in vain to defend but I guess he was right all along

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  89. Maelstrom

    Fly Jr….Weenie Roaster??? christ I’m ready to puke

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  90. Jakegint

    Great comeback kid.

    _______

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