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
23,460 Blog Posts

Perfect Consolidation Day

After a monster 7% spike, this is exactly what the markets need, a little moribund trading action. We need to bore some of the idiots back into SKF, in order to fleece their coin.

We need to pick the pockets of SRS lovers, if only for awhile.

What’s important for you to understand, prior to digging in your heels: “The Fly” is long for a trade only. I still believe we are in a deflationary vortex, where the dollar will sprint higher, gold will fuck itself and equities will crash and burn. Nonetheless, before we get to that point, there will be many bear market rallies. This, good Sir, is exactly that.

So, enjoy the green tape while you can, for the future of this market is filled with visions of black smoke and mangled metal.

If I was buying stock today, I’d pick up some TNA, UYM and NTGR.

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

46 comments

  1. so i herd you liek mudkips
    so i herd you liek mudkips

    stop set at lows for the day, going to watch some tee-vee and catch up on dollhouse. (to prevent myself from doing anything stupid at the last hour today)

    also agreed that a slow quiet day is what the doctor ordered

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. buyer

    If I was buying stock today, I’d pick up some TNA, UYM and NTGR.
    —————-
    so that you can sell them as you promised to sell your longs on a strength?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. funny..

    I went long on FAZ and SRS

    Glad you think your gonna get my coinszzz

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. The Fly

    I am not selling yet.

    I WOULD buy if I was not 50% invested.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. dude with common sense
    dude with common sense

    yea lets buy some tna when the russel is as weak as it is yea great call do just a little more homework dude

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Cash-N-Guns

    TNA is a good play here..Dude…but you can always short some mate…Ooopss There it is..!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. GenerationOilBottom
    GenerationOilBottom

    dude with common sense Says:

    yea lets buy some tna when the russel is as weak as it is yea great call do just a little more homework dude

    ******************************************
    It is obvious that you didn’t do any homework OR schoolwork in English and spelling classes, you fuckin’ illiterate MORON.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. dude with common sense
    dude with common sense

    GenerationOilBottom

    go get nice and warm under the flys ass point is i can make better calls in the market then you dumb ass

    It is obvious that you didn’t do any homework OR schoolwork in English and spelling classes, you fuckin’ illiterate MORON.

    great come back dude the russsel is still the weakest for the past 2 weeks though aint it buddy

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. RC

    Couldn’t have said it better myself.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. wat?

    dont know what you 2 dicklickers are whining about but i just loaded up on more Faz. FLY WHAT DO YOU HAVE TO SAY ABOUT DAT?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. j_remington

    watching GE BAC carefully

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. GenerationOilBottom
    GenerationOilBottom

    Market Fool Says:

    Check out the goatfucker congressman getting his ass handed to him.

    Full on tool.

    http://www.foxbusiness.com/video-search/m/21948997/congressman-sounds-off-on-taxing-trades.htm#q=defazio

    *********************************************
    YOU are the fool, fool! deFazio handed the moronic Limey commentator his fuckin HEAD on a platter.

    RW Limeys are SO fuckin’ stupid.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. Cash-N-Guns

    follow thru day…will get some positive press from the paper-tards at IBD….bear bbq for the next couple weeks…glad i am bi…!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Wat?,

    I say you’re a poorer man tomorrow

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. Dude who graduated from grammer school
    Dude who graduated from grammer school

    dude with common sense:

    Seriously, what is the highest level of education that you have received? Satisfy a random stranger’s curiosity if you will.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. hammy

    “The Fly” soon became a regular frequenter of the trading-houses,
    and by pursuing a certain plan, based upon some abstruse
    calculation of chances, he contrived to gain considerable
    coin. All the traders envied him his luck, and many made
    it a point to watch his play, and stake their money on the
    same chances. In affairs of gallantry he was equally
    fortunate; ladies of the first rank smiled graciously upon the
    handsome Scotchman—the young, the rich, the witty, and
    the obliging.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. dude from yale...
    dude from yale...

    My grammar is superb. I attended only the most elite private boarding schools and then came to Yale. 322

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. Mothra

    Fly,

    Please presume all the debt is defaulted. There is transparency throughout whats left. Securitization is back. Deflation is through.

    Will hyperinflation follow immediately thereafter? All the lending that had gone away (50% of money supply from secondary banking) comes back, plus the fed/gov writing checks?

    The plan being – sit in cash/trades till deflation is over, then move currencies till hyperinflation is over?

    Only you can answer these questions…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. Controller

    Here is California, dude with common sense would probably get an A in English for his creative writing and spelling techniques.

    Just one of many reasons my kids are in private school.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. The Fly

    Yale sucks

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. dude with common sense
    dude with common sense

    Dude who graduated from grammer school Says:

    yo ass hole i could be a fuckin drop out livin on the streets and on drugs

    but yet making better calls on the market then you what are you flys little bitch because i may misspell a few words while typing and give a shit less

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. TraderCaddy

    Yale blows.
    My kid turned down Princeton ( a much better school than Yale) to play golf at an SEC school.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. illiterate

    do not people get in those elite schools simply because their daddy attented anyway?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. c

    put on your seatbelts again, we are going down for the last time!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. The Fly

    I will open my own school shortly.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. Cash-N-Guns

    Fly- could you have one of your urban elite soldies punch Michele Cabrera’s mustache off..? greatly appreciated kind sir..

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. Braveflaps

    Check check check.

    Fuckery back on the bill for their “Sucked in You Crazy Mofo” Tour.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. Typing school?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  29. Big Mike

    I agree…today’s tape is awfully bullish if you ask me; Alot of better than ripping another 6%…

    I am still going to wait for tomorrow for confirmation on an inevitable pullback…

    Watch 740 on SPX “GUY ADAMI RESISTANCE”…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  30. TraderCaddy

    Fly College- Nickname: The Fightn’ Egregious Asshats.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  31. Cash-N-Guns

    Guy Adami is pure moronic shit cheese..

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  32. jeff

    The USD will collapse in 12 months

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  33. I say

    SRS = Apeshit

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  34. gappingandyapping
    gappingandyapping

    Good god look at the bids in the inverse 3x into the close. Fucking nutso.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  35. What a day!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  36. Shitface

    Yesterdays rally was insignificant. Everyone is talking bottom. Guess no one looks at a weekly chart.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  37. Death Priest

    Hey Fly,

    Do you only use PPT for picks or do you combine with technical analysis. Only reason I ask is some of your picks seem to be buying at resistance. Thx

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  38. Dude who graduated from grammer school
    Dude who graduated from grammer school

    dude with common sense:

    How could you possibly know my market prognosticating prowess as I have never offered it up to anyone on this site? Perhaps you meant to convey a different point, but due to your 4th grade literacy level have mangled your intended insult?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  39. I say

    TraderCaddy Said:

    Fly College- Nickname: The Fightn’ Egregious Asshats.

    And It was very fuckin funny and the Egregious Asshats probable play dirty!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  40. chessNwine

    THE FLY versus HUGH HENDRY…who wins?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  41. so i herd you liek mudkips
    so i herd you liek mudkips

    whatever, fuck this juvenile posturing, let’s talk about something other than who’s the bestest.

    so i’m eating a BLT right now, and this was the first time i made it without pre-packaged bacon. holy shit, it’s like night and day.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  42. TraderCaddy

    Not only do they play dirty they cheat and recruit transgenders from San Francisco for the Womens Sports.
    Plus Fly as President pays his athletes with an under the table stipend.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  43. so i herd you liek mudkips
    so i herd you liek mudkips

    bah, you’re just jealous that even the trannies in SF are hotter than the women where you live 😉

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  44. mrkcbill

    Those testimonials are funny good. Fly are you paying up for design is or is Vince just getting better?

    To many bubbles still to be popped! Autos =0 Big Banks=0 Frank coming on TV on MTM and Updick rule is pure comedy. Egregious.

    Lets just get this thing over with…reboot it already. Fuck the bailouts lets let the sideline money go to work. I’m getting so sick of Lewis & Dimon….Rick Wagnor all of em. Shit lets rebuild it. I think I can live without Starbux and Cheesecake Factory.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  45. JakeGint

    TC sez: My kid turned down Princeton ( a much better school than Yale) to play golf at an SEC school.

    No offense, but that was nuckin futz.

    Of course, he couldn’t have gotten “Student Athlete o’ the Year” at P’town.

    At least, not as easily.

    ____________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  46. JakeGint

    do not people get in those elite schools simply because their daddy attented anyway?

    Not our Dad.

    _________

    • 0
    • 0
    • 0 Deem this to be "Fake News"