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

Banana Run

Certain such said suckers are suggesting that I seek solace in selling stocks, in order to bank coin. When will you fuckers learn? “The Fly” does not need nor want advice from the likes of you. He bounces to his own bombs. He dances to your debacle.

I went long thrice times today, only on a personal basis, via PCR, NSM and BUCY. While it’s true, stocks cannot keep running like this forever. It’s also true, when companies like BBY and FDX break-the-fuck-out, the game changes.

The game has changed because Americans are degenerate credit card wielding fruitcakes. People are spending again, somehow. It’s important to take note of that.

From restaurants to retail stores, stocks are on fire.

On a very personal noteworthy note, I will be putting cash back to work, in a very slow, methodical manner. So you know, today’s bullish thesis may become tomorrow’s bearish dissertation, if that makes any sense to you.

Trade like the wind and pray to curry favour [sic] with the stock Gods.

UPDATE: The PPT Top 10—

1 OCN 4.12 4.40 4.24 12.47% -12.73%
2 LFT 4.37 3.90 4.17 10.32% 41.41%
3 TCK 3.41 5.10 4.13 2.74% 23.88%
4 CMO 3.37 4.95 4.05 -1.70% 16.57%
5 TIBX 3.62 4.60 4.04 7.16% 38.23%
6 JJSF 3.72 4.45 4.03 13.20% 26.73%
7 SPIL 3.22 5.10 4.03 10.71% 24.62%
8 TNDM 3.97 4.10 4.02 4.15% 18.71%
9 DNA 3.87 4.20 4.02 1.26% 11.63%
10 SUR 3.27 5.00 4.01 17.94% 11.63%

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32 comments

  1. weed

    90%

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  2. mrkcbill

    God Bless FLY!

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  3. GonzoTrader

    EDAR……..comming to a GM dealership near you.
    I think GM should quit making cars and start building EDAR’s

    http://www.cbsnews.com/video/watch/?id=4804882n

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  4. weed

    fucking sand cranes yelling and walking around my yard

    I love florida

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  5. weed

    I just took a timmy knight and wiped my timmy sykes

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  6. omfgitsjd

    Hmmm. Sounds like an EDAR might be a better way to go than the Marriot or Hilton when visiting L.A. I’m always looking for bargains on lodging.

    Back to 80% cash today. This run up has been fruitfull. Hope I don’t miss something spectacular.

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  7. so i herd you liek mudkips
    so i herd you liek mudkips

    omfgitsjd: if you’re willing to put up with people (i’m too antisocial, but i have friends that use it all the time): CouchSurfing [wikipedia]

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  8. John F

    “So you know, today’s bullish thesis may become tomorrow’s bearish dissertation, if that makes any sense to you.”
    Sounds more like an Edwin Lefèvre novel.

    BTW, thanks (in advance) for getting me to lighten up and tighten up on earl…

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  9. gappingandyapping
    gappingandyapping

    Interesting piece here: http://www.cnbc.com/id/29895119

    I would apply this to equities as well.

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  10. Braveflaps

    Gappy,

    Indeud.

    Locklimit down coming to an equity theatre near you.

    Good luck ti-ming it.

    Timing it.

    Timing.

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  11. MMX

    Fly is God. Keep posting your bias and trades. Love it.

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  12. fast money just hated on CRE…should i short it, with the flizzle, or get long it, anti-CNBC

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  13. The Fly is inscrutable – buys 3 that are not in the top PPT 10 – yours is not to reason why – just buy and STFU! Gary Busey likes BUCY – odd, no?

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  14. Hank

    Fly, you have a mean jesus-talent with written English. Thanks. Despite being a buy and hold zombie I fully recommend reading all the tabbed bloggers on iBC also.

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  15. Goldie

    Just took the family to Disneyworld last week. The place was packed. No recession there.

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  16. The Prof

    12 emini contracts short here tonight. Looking for down 163 tomorrow. We’ll see what happens.

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  17. the prof

    did I write 163? I mean 163.26

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  18. JakeGint

    Gappy, you see this??

    Illinois taxes may rise as much as 50%??

    Ouch!

    If they are doing that in Illinois, what are they going to do in NY?

    _________

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  19. JakeGint

    Prof — I assume you are talking Dow, there, even though you are selling eminis?

    I see that line (on the Dow chart), but there’s similar support at 7845-ish.

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  20. The Prof

    Jake,

    Just shooting from the hip here, something I don’t usually do, especially over night. The pivots on the dow have been behaving a bit better than any of the other indices. But we’ll see. Been a bit on edge here since I almost never go long except for very short plays…

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  21. The Prof

    I do believe we’re approaching Bugs Bunny territory, that is when Bugs goes off the cliff, keeps running and then finally looks down.

    Pchew….

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  22. Needle bug the bug fucker
    Needle bug the bug fucker

    http://seekingalpha.com/article/119079-commercial-real-estate-debt-another-inflection-point-for-the-financial-sector

    a few weeks old. You know 100 billion here and 100 billion there dosn’t scare me any more!

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  23. BigMoneyGripWithTheSwivelHip
    BigMoneyGripWithTheSwivelHip

    Wonderful, Bestbuy is now trading higher then it did in 2005, this of course means stocks will trade higher, listen after this window dressing stops we head lower much lower, why? because i said so.

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  24. Prof, you are mixing your cartoon characters – it is the Coyote who always ran off the cliff – Bugs was too smart.

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  25. The Prof

    It’s been about half a century since I watched him, my apologies..

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  26. macDaddy

    When Bulls stop showing up, the market does not go to 0. Nor does catastrophe happen just because it just did.

    Didn’t you guys just see the huge drop and valuations go back to 2003, 1997 levels.

    Maybe this is where it gets boring and sucks for everyone.

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  27. Goldie

    Tibco Software?? That takes me back to the good old days when all you had to do is buy a stock with a 4 letter symbol and BAM, you were banking coin.

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  28. tibco

    I work for tibco. it’s not some mom and pop company. still makes money. has grown from 65 mil a quarter to 185 mil a quarter since i joined back in 2000. no crap.

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  29. http://www.bloomberg.com/apps/news?pid=20601087&sid=a1UC7pF1qNbw&refer=home

    Premier Wen Jiabao said this month he was worried about the value of China’s $740 billion in U.S. Treasury holdings and asked for a guarantee of their safety.

    Hold to maturity Jack ass!!!

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  30. Jakegint

    Breaking

    Gillespie out at UK!

    Developing…

    ___

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  31. JakeGint

    Who do these Muzzou Tiggers think they are?

    They cannot keep up with these Mumphis Phreaks!

    Aside: check this Lipitor commercial with “Steve from New York” who had a heart attack. His neighbor to blame, no doubt.

    ___

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  32. JakeGint

    Ow this is painful! Mumphis hard pipin’ mothas just takin’ it hard
    to these “Meet Me in St. Louis” sashaying.Sallies.

    These Muzzou guys are gonna need a chiropracter before this shit is over!

    ___

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