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
23,433 Blog Posts

Get in Line

I just got back from lunch and I must admit; it was quite decadent. Amongst the finger food snacks of Gruyere cheese, fresh basil and herb infused turkey, I was also privy to some high end balsamic vinegar—not the bullshit that you buy from Stop and Shop. Losers.

Truth be told, lunch was rather light, since I was rushed so that I may endeavor to get back to the desk, in order to do the Lord’s work, of course.

Speaking of which, I think it’s fairly obvious, as well as shockingly accurate, that Senor Tropicana is well on his way to greatness. Little ol’ XOM may not be down yet; but, believe you me, it shall drown in a muddy pool of pig vomit, before this week ends.

Earlier on today, I bought some Chinese shit, namely FXI and CHL, based upon an urge to get long real communism, as opposed to the ambiguous U.S. version. In addition, I needed some upside hedges.

The way I see it: the Chinese are stark raving mad. There is a possibility, although not likely, that I can make obscene amounts of coin long DUG, ERY, REW, SRS, while also making money long Chinese fuckery, based upon post Chinese New Years brainwashing.

Nevertheless, if you are trading against me, good luck, you’re certainly going to need it. I’ve been at this shit for too long, to lose out to some random loser who searches the internet for stock picks.

Top picks: Short XOM

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52 comments

  1. Ass Napkin Mike

    Ass Napkin is GOD

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  2. Braveflaps

    Seconded.

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  3. The Fly

    THE REAL BRAVEFLAPS IS A SOUTHERNER.

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  4. Ass Napkin Mike

    Check this out if you want to see what FLY ate for lunch:

    http://www.ratemypoo.com/pictures/000000035/76804/

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  5. Braveflaps

    No…

    No!

    NOOOOOOOOOOO!!!!

    Not you!!!

    Oh God, noooooooooo.

    *click click*

    God I love hush puppies.

    *BLAM*

    *thud*

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  6. govtbonds

    Ass napking your name fits you. That was fucking gross shit. Was that your din din?

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  7. to govtbonds

    why did you look? did not name of the web site tip you off?

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  8. 4fl3x

    Crude down ~ 12% since Obama’s speech yesterday. Nice call Master Fly.

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  9. hmmmmmm

    Fly-

    I urge you to make the best fucking tapa I found south of the USSA.

    Cut up some expensive Gruyere into matchstick-sized slices. Get some expensive dates, de-pit them and stuff with Gruyere, then wrap in bacon, skewer, and add some cracked peppercorn to the top. Grill or broil in oven. Best fucking finger food.

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  10. Ass Napkin Mike

    The picture contained the following….

    “Amongst the finger food snacks of Gruyere cheese, fresh basil and herb infused turkey, I was also privy to some high end balsamic vinegar—”

    Good day

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  11. go2mars

    http://www.layoffdaily.com/

    This website is even grosser than the one listed above.

    mars.

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  12. MOOBER

    Long 2k GE.

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  13. Thunderpup

    Where else on the planet can you find Gruyere cheese, stock picks and scatology in the same condensed area?

    In other news, Karen Tso gleefully prodded a guest into saying the Year of the Ox is bad for stocks. She then went on to gleefully point out that the year of the Pig, which the guest said is good for stocks won’t come around again until the year “twontayy no-ayn-teen.” Poetry.

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  14. Proshares

    Reloading DXO for next elevator ride.

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  15. Larry

    Fly,

    Is Gruyere cheese made by Kraft? Thats all I know 🙁

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  16. CAP

    WFC up tomorrow. Shorted WFC @ $16.29. $50 billion market cap. Before this year is over, WFCs market cap will be sub $20 bil.

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  17. Henry Fool

    DXO down for 2nd day is a buy and load up if it goes down tomorrow.

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  18. Thunderpup

    Gruyere was a distinguished warrior in the “War of the Cheeses.”

    http://www.robbwalsh.com/03writings/cheese.shtml

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  19. jg

    wensleydale meself.

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  20. Resurrected Braveflaps
    Resurrected Braveflaps

    “Where else on the planet can you find Gruyere cheese, stock picks and scatology in the same condensed area?”

    Don’t forget betrayal, suicide, and a glorious resurrection.

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  21. Ass Napkin Mike

    FLY

    Im heading down to get a few things at Stop and Shop then gonna grab a coffee at Dunkin Donuts.

    You want a large regualah?

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  22. Henry Fool

    Line em up!

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  23. JWorthy

    Legging into XOM shorts. awesome.

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  24. Donny

    For the record, CAP’s positions in the banks are as follows:

    Long FAZ $63.89 Avg cost basis
    Short C – $3.51
    Short BAC – $5.77
    Short JPM – $23.66
    Short WFC – $15.59

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  25. Paradigm Shift

    Now Boarding – 3pm funnel.

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  26. mdawsz

    BUY SOME PUTS!!!

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  27. j_remington

    “We must trade the market we see, not the market we
    want to see”

    short TSO

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  28. DMG

    CAP can’t get enough of the man-meat sammiches

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  29. Damon

    We are so screwed on jobs in America.

    I couldn’t help but quote lyric from a popular Springsteen song:

    ..Now Main Street’s whitewashed windows and vacant stores

    Seems like there ain’t nobody wants to come down here no more

    They’re closing down the brokerages (textile mills) across the railroad tracks

    Foreman says these jobs are going boys and they ain’t coming back

    To your hometown….

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  30. MOOBER

    I think BOOM is about to explode to the upside. Really. $17ish target? We shall see.

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  31. Thunderpup

    Don’t forget betrayal, suicide, and a glorious resurrection.

    insurrection, guns, autofellation – it truly is found all right here in this clamjaphry.

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  32. CAP

    DONNY – I shorted more C BAC WFC JPM HBC . FAZ is a trading position which I rarely hold overnight.

    Added more BAC short @ $6.2 Friday, WFC [email protected] , JPM yesterday @ 25.4. HBC @ 37.3 . And I have a short position in ZION avg cost of $37. ZION is the reason I build my short positions up gradually. When that shit was over $50 I was 6 figures in the red. Now ZION is my most profitable position.

    I am building short positions on all the above stocks. I am willing to build a short position in BAC all the way up to $12 if necessary. WFC up to $26. JPM up to $33. See its inevitable these banks get nationalized or go under. I may lose the battle but I will win the war .

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  33. funnelist

    i guess no funnel today – just boring market…

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  34. chivasontherocks

    FLY LUNCH

    http://www.youtube.com/watch?v=H2IfEKzZsy4

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  35. DannyBoy

    Fly, what do you think of ATHN?

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  36. Donny

    CockSucker,

    I don’t believe a thing you say.

    By the time BAC goes to $12, my position in FAS will have doubled (100% Gain). Not if, but when!

    How’s that for contrarian indicator? Stupid Fuck!

    BTW, I don’t like to see anyone lose money, including you.

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  37. Henry Fool

    if my technical reading on TNA is correct it should close over 26 today and test 30 this week. 15 min BB narrowing and ready to stretch north.

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  38. Henry Fool

    never short a dull market

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  39. Larry Summers

    ….real men short gold at these levels, especially after CNBC recommended it today. DZZZZZZZZZZZZZZZ.

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  40. crude_oil

    Bought USO 29.57 for swing.

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  41. MV

    Todd Harrison

    01:27:42 PM

    No positions in stocks mentioned.

    Chatta Box!
    There is UNCONFIRMED chatter making the rounds that a bipartisan accord has been reached in Washington with regard to the stimulus package. I’ve got no edge but as my ears are your ears, I wanted to pass it along so you can factor it into your thought process.

    R.P.

    Bennet Sedacca

    01:25:00 PM

    No positions in stocks mentioned.

    What is the tape telling us today?

    I discussed the other day that I felt that the short-term low for the 30-year was likely not to pierce 3.50-3.6% on the first run, and it did not, corresponding to 105 or in the TLT.

    Fast forward to today, with the Fed tomorrow.

    In the first place, the 2.6 Bid-to-Cover in the 2 year auction was rather high, indicating more dovish language with a taste of quantitative easing thrown in–like the Fed announcing their official intent to keep a lid on long rates.

    The question lurking my mind is: I can see how they can buy outstanding issues, but how can you hold an auction of 10’s and be a buyer at the same time?

    At any rate, with Goldman (GS) acting the way it does (usually well in front of a fed surprise), expect the unexpected tomorrow.

    I will be watching from the sidelines as there is so much energy building, I do not wish to be on the wrong side of this puppy. No siree.

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  42. TraderCaddy

    Look. Tom Petty is on CNBC now.
    Didn’t know he owned a tie.

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  43. Bz

    if my technical reading on TNA is correct it should close over 26 today and test 30 this week. 15 min BB narrowing and ready to stretch north.
    ———-
    really? i sold it today, will re-enter on pullback

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  44. punyandy

    i am playing earnings lotto with SYK. solid base around 41-42, so possible break to the upside. playing it with the feb $40 calls. what the hell.

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  45. follower

    fly what is your average cost on SRS?

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  46. Lady Guenevere

    TNA is lethargic….MOVE ALREADY!
    .

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  47. to the lady

    thanks for the very valuable advise, i will immediately follow it as all the other sh*t you post

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  48. Thunderpup

    Hedging at the close back to neutral.

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  49. Mushroomz

    Buying 1000 USO
    Selling short 500 XOM

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  50. CAP

    To the goatfucker known as DONNY –

    FAS double are you serious ? FAS will never see $19. NEVER. Go back to your meds. And fuck a goat while you’re at it.

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  51. CardiffGiant

    FLY

    What do you think about a pair trade with USO and DUG? I believe oil is bottoming but I also buy your argument that XOM is way overvalued. Do you think this trade would work or is DUG and USO to highly correlated to the inverse side?

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  52. Cuervos Laugh

    @CardiffGiant – DUG2USO Correlations –

    52 Week Correlation is -.92
    30 Day Correlation is -.65

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