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

Endless Upside

Pardon my lack of giving a fuck today, with regards to the art of blogging. As you now know, “The Fly” was busy conducting business, in a most industrious way. After all, I am not just some loser, who earns his wages off the internets.

Looking at the market, one can make the argument that it will never go down.

On a very personal level, I am quite pleased with the price action in several of my holdings, namely JRJC, BUCY, MT and even FXI. On the short end of the stick, oil stocks are going up again, which unto itself is very, very funny.

In short, you may find “The Fly’s” market exploits unbelievable, mainly because you’re a fucking loser.

Into this rally, I want to take profits on some of my longs, in order to build my cash position. I do not want to initiate or add to my shorts here, due to the “endless upside” feel to this tape. However, sometime soon both SRS and FAZ will be Godly buys—just not yet.

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20 comments

  1. TheArtist

    as China burns

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  2. Itchy & Scratchy

    Arson picks up when the economy tanks. Odd, no?

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  3. Non-blaspheming Zombie
    Non-blaspheming Zombie

    The Fly is good.

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  4. Itchy & Scratchy

    Either that or the tower was one big storage bin for the new year fireworks.

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  5. TheArtist

    Arson Wells…..

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  6. Juice

    Indeed …..

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  7. The Fly

    The bible is a best seller!

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  8. The Fly

    Juice: Spelling correction:

    Indeud.

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  9. alphadawgg

    Indeud.

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  10. Rex

    China seems serious about stimulating:

    http://www.cs.com.cn/english/com/200902/t20090206_1744335.htm

    Nice picks Fly.

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  11. Anton Cigur

    The comedy team of Taleb & Roubini interviewed by the insurance salesman guy on cnbc. This should be good for a 100 point dip.

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  12. Juice

    http://mises.org/story/3331

    Obama’s wealth destruction .

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  13. anonymous

    what is the phonetic spelling of ‘Indeud’? How would one pronounce it properly?

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  14. Donny

    Donny is currently up $30,000+ in his FAS position, and holding for the inevitable enchilada. Donny will likely sell that doomed POS when it approaches $17 in the relatively near future. The banks are currently priced for Armageddon, and that ain’t gonna happen without a fierce fight from the gov’t.

    All you have to understand is this, the gov’t is hellbent on rescuing the economy. They are currently circling the wagons around the banks. It doesn’t matter if you agree with this is not, it is happening.

    I personally don’t know if the plan can help the currant situation, but I do know that the perception of assistance will send the big troubled banks higher.

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  15. JOJO

    Thanks Juice for the link.

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  16. The Fly

    Anon:

    It is pronounced the same way as “indeed.” However, it is spelled in a much more snobbish way. When using it in person, others will be baffled as to what version you are using, since, in fact, the pronunciation is identical.

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  17. zephler

    company finds new way to melt steel – jet fuel and building materials….this vaporizes even structural steel that is meant to with stand ten 747’s impacting it..it will also cut I beams on a horizontalk angle, just like they do in a controlled demolition – company ticker is BUSH

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  18. TheArtist

    Indude, dude…..

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  19. JakeGint

    Buttefly nets for the escaped Zephler!

    Aisle six, indeud!

    __________

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  20. charlie

    Zeph…?? Where do these people come from?? Where are you advertising Fly?

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