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

Midgets Run Fast

What a fucking retarded tape. With GE and GOOG earnings ready to be released, prepare to get your face ran over by a lawn mower.

The only productive thing I did today was blow out of TNA and buy some cheap SRS. But, as sure as I’m sitting here, the market will pop like a box stuffed with defective dynamite sticks, based upon some better than expected erroneous GE report tomorrow. And, you know Jim “the midget” Goldman will suck the pants off of “The GOOG.”

Needless to say, I kept a bunch of longs, namely PFG, FAS and other unnamed stocks, not worth mentioning—since I failed to mention them prior.

At the end of the day, John Thain is a fucking lunatic, buying portable shit boxes, worth north of 35k. What the fuck happened to this country? We went from heroes to zeroes in one generation.

Finally, I am convinced, commercial Re will feel the blade of certain death, during the year of our Lord, 2009. To capitalize on such misery, I would like to unveil “THE REVERSE FOUR HORSEMEN OF CERTAIN DEATH, FIRE AND DESTRUCTION,” for 2009.

They are: FRT, ESS, MAC and SLG.

Short them good and often.

Be well, or not.

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63 comments

  1. kidstock

    The Kid wins again…

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  2. yo adrian

    commence ball slicing and lather with acid

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  3. gappingandyapping
    gappingandyapping

    I am fucking sick of you people acting like retards at the end of the day, stop the fucking end of day tape molestation. Here I was up a shat load today and you fuckers start vomiting near the close, asshats.

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  4. Jakegint

    Did you paint it with some GOOGs Gappy?

    I caught some at the close, for giggs.

    _____________

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  5. Dinosaur Trader

    Agree, the tape is retarded, as is John Thain.

    Who is going to hire him to fuck up their company next?

    -DT

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  6. Mushroomz

    Thanks for the short squeeze setup Fly. Made some coin on some nice aftermarket action in SYNA.

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  7. The Chart Addict

    You’ll be saying “WTF” every time!

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  8. The Fly

    fyi

    ppt top 10-

    No. Ticker Technicals Fundamentals Hybrid Score Hybrid Change – Daily Hybrid Change – Weekly
    1 COCO 4.26 4.10 4.19 9.40% 15.70%
    2 ESI 4.41 3.80 4.16 -2.35% -3.03%
    3 EPIQ 4.16 3.85 4.03 3.33% 22.12%
    4 FFH 3.26 5.03 4.00 -2.44% 6.10%
    5 CECO 3.76 4.25 3.97 1.79% -4.24%
    6 DV 4.16 3.71 3.97 -8.94% 14.08%
    7 NITE 3.11 5.10 3.94 10.06% 23.90%
    8 WES 3.34 4.67 3.90 1.83% 18.89%
    9 SPH 3.71 4.05 3.85 -5.41% 8.86%
    10 IDCC 4.36 3.10 3.83 -5.20% 38.27%

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  9. Juice

    thanks for FRT … I was aware of the other 3

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  10. Braveflaps

    I have been in and out of MAC twice for righteous gains but as of yesterday have been unable to borrow anymore.

    Anybody else?

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  11. Ferrari321

    Any commentary on the FRT short?

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  12. jg

    any thoughts on the RWT offering?

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  13. xanaxier

    John Thain has golden poo.

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  14. Aris

    i got my face ripped off today. i’m cool with it. never really enjoyed looking at myself anyway.

    fuck.

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  15. pn

    Misery loves company Aris.lol

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  16. Larry Summers

    Call me a dipshit, but here’s why I think the market is going higher, even if temporarily. First, we’re making higher lows from 1/21 on SPY, XLF, OIH, $NYMO. Second, there all above the 20dma on the 60min/10wk chart after coming off a monster selloff. Third, even though G.W has gone back to TX to get drunk and consume large amounts of cocaine, there’s a new fucking sheriff in town who declared to ‘hit the ground running’.

    Sorry Dog, no collapse quite yet.

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  17. mrkcbill

    Summers you got it….they’ll roll the 6’7 Volcker out …BHO will be the point guard to deliver the message. The market likes the new PPT….it appeared the new PPT were playing with they’re new toys today.

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  18. Fly the man

    “What the fuck happened to this country? We went from heroes to zeroes in one generation.”

    Fucking brilliant, where do you get this stuff?

    You’re a great trader no doubt, but you’re an even better satirist.

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  19. Jakegint

    Message to Devil Dawg.

    _________

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  20. Bob Brill

    Thanks for the list, Fly. Wishing everyone good trading setups.

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  21. RaymondBeautrix

    Hey, fly, what about getting short on BXP and VNO? I’m looking at both of these for shorts.

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  22. dan from kaChing

    “What the fuck happened to this country? We went from heroes to zeroes in one generation.”

    fuckin classic

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  23. Contrary Indicator
    Contrary Indicator

    That John Thain line is why I read The Fly every day… \

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  24. Working Man

    “We went from heroes to zeros”

    This is not a joke, and it saddens me beyond words that what was will never be again.

    That we were great was not some made up myth, it was real. Look at us now.

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  25. MarketRaider

    Fly,

    FART and ASS look like they still have some meat on their bones but MAC and SLUG seem to have seen their maker, comparatively speaking of course. Are these all going to zero candidates ala LEH and BSC?

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  26. The Fly

    That chart chomper on CNBC just blessed my XOM short. Well, I am long DUG/ERY, which is the same as being short XOM.

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  27. The Fly

    SLG and MAC will likely go to zero.

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  28. Foreigner

    keep electing presidents like Bush and you will go below zero

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  29. Braveflaps

    Fly,

    Thanks for COF, pal. It is indeed consuming the milkshake du merde, and I am profiting like Steve McQueen escaping from Devil’s Island…except on a yacht stocked with broads and booze, and not a hairnet full of coconuts.

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  30. Aris

    man, i hope the fly and carter worth are right about XOM. fuck those dudes.

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  31. The Fly

    Foreigner:

    We still have big tanks and shit and will likely destroy the bullshit country you reside in, barbarian style, just prior to going below zero.

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  32. Jakegint

    We still have big tanks and shit and will likely destroy the bullshit country you reside in, barbarian style, just prior to going below zero.

    Just so’s we can “take a loss” on our excess ammo.

    _______

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  33. Skyb0x

    Had we known about John Thain’s office renovations, I’m sure he would have won the AssHat of the year award.

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  34. Aris

    i say preemptively nominate thain for AOTY. the fucking 5-figure toilet? are you fucking kidding me?!

    if someone tops that shit, they deserve asshat of the decade.

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  35. Maelstrom

    Foreiger.. Not just Bush they have all sucked for decades..and it’s the fucking brain dead “Public Servants” in congress that possess the power.They could fuck up Utopia..combine that with the imbeciles running all large Cities, social promotion of idiots that can’t read even after HS graduation The constant pilferage of any/all assets via new taxes, fees ,red light cameras, licensing etc and a fucking population of fat fucks that can’t see their feet or climb 5 steps and keep electing Life Long Polititians… a handfull of Panamanian Cross Dressers could terrorize the whole country because they are all scared of their own shadow..yeah we are fucked, but I await the abyss..with hope

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  36. Panamanian Cross Dresser
    Panamanian Cross Dresser

    On the floor Yanqui bitchez!!

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  37. Jakegint

    Aris — wasn’t Thain in charge of FINRA before he went to Merrill?

    IOW — a fuggin bureaucrat?

    __________

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  38. downsouthjukin'

    flaps,

    yes, I’ve been unable to borrow both MAC and CBL since you mentioned them a few days back. frustrating too because they both look set for a cock-punching.

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  39. gappingandyapping
    gappingandyapping

    Jake I have been trading in and out of AAPL actually and picked some up on the cheap in the 79ish level before the numbers. Punted it above 90 today. I also have been midnight warrior trading DXO buying it yesterday at 2.35 and again today a penny off the low. Over all I ended up about .5% today because of a couple of laggards. Great call on GOOG, numbers looked good.

    This is disgraceful: http://nbcsports.msnbc.com/id/28796621/

    Why should someone apologize for a superior performance? This is a prime example of a society made from pussies.

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  40. Foreigner

    fly – does not appear like generals that were put in place by your elected president really knew what they are doing, hoping to get flowers from the locals did not really work out that well

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  41. gappingandyapping
    gappingandyapping

    By the way Thain is fucked on a spindle. This man is must be jailed, he has bodies in the trunk of his car. Hell he chopped a man up with an ax and threw a chainsaw at a bitch and chopped her in half. He is fucked. Wonder if he ever shit in that geriatric toilet?

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  42. Puts

    new administration is going to propose a plan that will result in powerfull short term rally, sending up banks and builders. thats my feeling.

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  43. omfgitsjd

    Damn, I go from hero to zero and back to hero again everyday. It builds character.

    I am being a little conservative by putting in a boat load of limit orders that low ball current market conditions, waiting for us to go below the 4th qtr 2008 lows. I won’t put in any purchase orders above any lows reached last quarter. Reason? I think they’ll all be retested. I could be wrong, but I won’t lose if it doesn’t happen. (Some of my orders were fly’s fortress stocks).

    Now as far as the comments from Mr. foreigner goes. I’d like to introduce you to my two friends. Mr. Smith, and Mr. Wesson. They are both concerned about their powder getting too old. Can you help?

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  44. Blue

    Merrill Lynch, the only company where the CEO’s care more about their golf handicap and their office decorations than actually saving the company.

    John Thain, $1.22 million on redecorating his office so he can feel comfortable. He should be hung by his $25,000 office curtains.

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  45. Foreigner

    Mr. Smith, and Mr. Wesson. They are both concerned about their powder getting too old. Can you help?
    —————
    yes – use the powder so that people that produce it make rich and firms that deliver oil and food to the army can overcharge. Then go print some money, it will solve all our problems.

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  46. Aris

    jake, i’ll have to defer to you on the thain/finra thing. i’m not too familiar with his past prior to the past 12 months.

    did i just hear that sony posted a loss of a few billion? i was in the middle of typing, but i think that’s what i heard. good grief.

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  47. ToAris

    The Japanese electronics maker now says it expects to lose 150 billion yen, or $1.65 billion, for the fiscal year ending in March versus earlier expectations of a profit of 150 billion yen

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  48. Aris

    damn. i’d never bother anyone again if i could have just a tiny piece of that 1.6B.

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  49. phd in psych

    Get long. We’re going UP.

    Marty at stocktiming has informative charts. We are seeing higher highs and higher lows the past month. He finds the very strong stocks outnumber the very weak. We are basing now.

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  50. $$$$

    Today 06:31pm
    (US) Fed discount window borrowings $149.6B; Fed balance sheet liabilities $2.02T vs $2.04T prior

    – Commercial paper holdings rose to $350.3B v $334.6B
    – Loans to commercial banks fell to $62.9B from $66.5B
    – Foreign central bank holdings of US Treasures +$16.6B, US Agency debt -$4B
    – Credit extended to AIG $38.3B v $39.1B prior.
    – Fed holdings of agency mortgage-backed securities totaled $5.99B vs $5.63B prior.

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  51. gappingandyapping
    gappingandyapping

    Fly do you have a PO Box? I want to send you a commode on wheels.

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  52. mrkcbill

    “He is fucked. Wonder if he ever shit in that geriatric toilet?”

    Gapping—that is the best line of 09

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  53. gappingandyapping
    gappingandyapping

    mrkcbill: What I really want to know is who emptied the shit bucket after Thain dropped a steamer in that bitch. Trust me with all your might, one does not own a geriatric toilet and empty their own trough. This is reserved for the “attendants”.

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  54. Lady Guenevere

    Thoughts about tomorrow: The process of healing is long and arduous. Fears arise creating mental crisis. Stop any anxiety, so that you can have clarity and persevere.

    .

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  55. Juice

    Roubini pees on the market, and blames China.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aBimSLLEdoLU

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  56. Big Brother Blows
    Big Brother Blows

    “Lady” G I am positive has testicles.

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  57. j

    Interesting contrast

    We have ladyG’s nice comment if uninformative comment and gappingandyapping’s right next to each other.

    Big brother blows adds his to add to the flavor.

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  58. boca

    ummmm… you guyz know it wasn’t a toilet, right? The French, in their infinite linguistic wisdom, called fancy wooden storage chests on legs, commodes. It was just an antique piece of office furniture, and I wonder what it will go for at Sotheby’s now that it’s been implicated in a famous firing.

    I’d love to have been a little fly on the wall at that conversation between Thain and Lewis.

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  59. boca

    Christina beat me to it 🙂

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  60. Atlas Bubble

    Lady G: The process of healing what?

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  61. Thunderpup

    Lady G speak in riddles after wine and Italian Tuna.

    Cigur goes home:
    http://www.funnyordie.com/videos/bff0e65562/no-country-for-old-men-2-the-whole-mishpukah-from-waitin-on-the-wexle

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  62. quackerbacker

    Anyone buying calls on SRS and puts on the others? Saw a lot of people mentioning shorting instead of using options. Thoughts?

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