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
23,441 Blog Posts

Being Wrong Never Felt So Right

For months I was in the deflation camp, telling all of you that money supply would vanish into thin air, taking the prices of everything into a mesmerizing, yet deadly, vortex. As a matter of fact, I declared, “Death to Oil” and “Death to Texas-Tea Baggers” on a number of occasions.

For the sake of reserving the right to claim such said victories at a later date, I will not recant such said prophecies. Instead, I will just play along, like an ignoramus, drinking the different flavours [sic] of tea, while making believe I am in some sort of cult-like inflation militia, whose job is to render the U.S. dollar worthless—indeud.

Many of you are scared of the rally, thinking it is ready to slap-chop your cocks off. Howsoever, I will tell you, old man, you have nothing to fear, for the Chinese are restocking their oil inventories, in order to attack America, via a large Pacific fleet, at a much later date.

My droll-like point:

Oil/gas stocks will trade higher. The market is following the whims of oil, no doubt. If you had a look lately, oil is about to bust through $60, on its merry way to $75—just in time for the summer driving season. I yearn for the days of $5.00 gas.

Back to my point, here is a list of under the radar names, courtesy of The PPT (all praise and encomium go to the developers of such an alien tool), for your perusal, which by way of market forces, may be worth your investment dollars.

SII. EXH, WG, WNR, MCF, ME, GHM, SD and of course FTK.

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

128 comments

  1. Jake

    Fly,

    I’m surprised you’ve been deploying so much capital in penny stocks. As I’m sure you know and for someone who manages large sums of money, it’s the last place you would want to put your clients money in almost any situation.

    Anyway, if you’re making money in them fine.

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

    35% CASH.

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

    Sir, do you believe that oil services names (those that do not produce petroleum themselves) will also benefit from this rising tide?

    I just saw the list at the bottom. Sorry for my hasty question, it seems that you do.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. firstadopter

    Oh look! U.S. government tax receipts down only 34% year over year in April – http://tr.im/kYoV

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

    boomer

    yes

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Aris

    on with the oil party, i say.

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

    Fly- Still like NOV on an oil reflation?

    Any more robot-like buying for RIG? or are those “so last summer”?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. KidDisco

    This guy wants to differ:

    http://europe.theoildrum.com/node/5384

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

    Patron … silver. Sky is clear here in The OC. Fuck’n love it!

    8)

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. j

    Fly:

    Do you have a price objective on CUZ.

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

    buy OIH (Oil Service Holders) to get diversified ballin’ shit like RIG and SLB etc.. it trades at 100 ready to roll

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

    The SPR is full.

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

    J

    12

    Dave

    SPR is a lagging indicator.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. T MOE

    Fly

    Summer driving season? Who is going to be driving and where are they going to drive. Maybe a drive to the closest job fair in their old chevy that they still have not paid for.

    And China is ” restocking inventories”

    I don’t know about restocking, maybe just filling up their current inventories to capacity which will come soon. Have they really consumed that much??
    There may be an illusion here that demand has really picked up. We know that consumption is down in the US, the biggest consumer of oil by far.
    Yes, maybe the the stock market market has improved but the demand for oil has not picked up as much as some think. Well not enough for the abundance of supply.
    I think Demand stays soft. I am short oil via DUG And will stay that way until I start seeing better trade and export numbers from Asia, and those won’t pick up until the US consumer feels comfotable spending money on needless shit from China. Shit, Shit, and more shit from the hell hole they call China. And if Joe Six pack aint got no job, then his dumb ass wife won’t have any money to go to Walmart.
    Fuck China
    Fuck this rally
    The buyers are getting exaushted

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

    No, Fuck you T-Moe.

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

    FDIC preparing for large bank failure?

    http://pragcap.com/fdic-planning-for-huge-bank-failure

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

    Wood

    That’s a panic blog. Ignore it.

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

    Duly noted sir.

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

    Damn folks. The inquiries here are starting to make me question the mental horsepower sitting atop most of your Yugo-quality deltoids: “FLY, will it rain tomorrow?” / “FLY, where will the next asteroid hit?” / “FLY, do you think XYZ will hit $13.46 tomorrow? How about 13.47? I could really use that extra copper piece.”

    Who do you peons think this guy is, Negrodamus?

    Half these questions are so ridiculous they don’t even deserve an acknowledgment; the other half display such a dependency on another’s cranial activity I cast high doubt on whether you amoebas will ever exist outside a Petri dish.

    It’s cool to learn from another. However, no man should ever hold your dick.

    BEHOLD YOUR REFLECTION:

    http://www.youtube.com/watch?v=Vfzqzo31zag

    (hint: FLY is right frame)

    Schismatic, AKA: The ANGLER, is gonna go get a nightcapper now while ya’ll marinate on that.

    “Just because you don’t see the angles, does’t mean they don’t exist.”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. deez

    “Many of you are scared of the rally, thinking it is ready to slap-chop your cocks off.”

    lol

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. j

    Shed:

    What the hell are you doing?. You scared the living shit outta me.

    Thanks fly for bring the portly kid back to earth.

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

    @ fly, that dude writing pragcap called the March 8 bottom. panic?

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

    Mom:

    lot’s of people called the bottom. Big deal.

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

    Zero Hedge is a panic blog. Denninger is a panic blog. If I recall correctly Fly was all cash and panicked until the rally had run up 20%. Big deal?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. dave

    Would the failure of a massive institution surprise anyone?
    We know the stress tests are bogus.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. Damon

    The Fly is kind of like the Andrew Zimmern of stocks.

    While you must develop a taste for some of the more exotic picks…

    ..you might just be very pleasantly surprised.

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

    Mom:

    What exactly is the point with your last comment. So Fly or others got the exact bottom wrong. Welcome to humanity.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. What If Ur Wong
    What If Ur Wong

    Fly, what if your wrong about this too. Will you post at a later date, “I recant my earlier recant about the recant that I recant about oil and USD” ?

    You have been wrong on numerous occasions. I’ve noticed you’ve turned bullish like cramer.

    What if you’re wong again?

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

    I suspect that if he is “Wong” (sic) again, he will simply make Kung Po Chicken, again.

    ___

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

    Chinas heavy commodities purchases have driven up base metals and to an extent coal. They have worthless US dollars that they intelligently exchange for commodities that are bargain priced. That is what any intelligent holder of fiat money would do..Our government would never, ever be that clever..we are gonna be in that funnel..it will just take a bit longer

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  31. j

    What the fuck is all this “you’re sometimes wrong fly” all about.

    Every trader knows they are often wrong, Wong.

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

    I can’t put my finger on it, but something about j is very annoying. I’m glad he resides on that desolate penal colony at the end of the earth.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  33. Slim

    Good post Schismatic.

    You have an entertaining blog Fly …it would be made even better if you had fewer genuflecting posters an if certain of your bloggers were more comfortable with their own voices – – instead of lamely attempting to mimic your trash talk.

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

    MOM
    What exactly is the point with your last comment. So Fly or others got the exact bottom wrong. Welcome to humanity.
    May 13th, 2009 at 2:40 am +2 -4

    Who the fuck voted negatively to that comment i made as I wanna know? Get out of the gay closet and confess you 4 useless queers. What the fuck is wrong with that comment you dipsticks?

    That’s it. Everyone on this thread scored a negative vote from me just so I may be catching the idiots who voted negative to that perfectly reasonable comment.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  35. Mosquito

    I love you fly. You pay for my college tuition. You are glorious

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

    Can’t you wait a little longer Mosquito?
    Obama says he will pay your tuition.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  37. Sully

    J,

    You got the negative votes because the point MOM made was obvious. If you did not get the point, it means you probably got kicked in the head by a kangaroo. And if you got kicked in the head by a kangaroo…you were probably bothering the kangaroo…this is why you got the negative votes. Stop bothering kangaroos.

    Sully

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

    wilmer….whats so difficult? j is a First Class Grade A Premium Prick. However, dude is a serious coin banker and is pretty funny over time.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  39. MASTERPAIN

    Oil inventories today shitbirds. Oil stocks could very well go down. Beware you have been warned .

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  40. the prof

    Old Maw called the retail sales as she was visiting the mall last week and saw through her spectacles there were just a few people there, and not a soul shopping. Hat tip to the old lady….

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

    Futures looking weak..FAZ and SRS are about to ride into town and piss on the penny piker folks…the stress tests will be revealed to be a joke…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  42. the prof

    Let’s see median wage 25k and falling, commodities and food rising due to Turbo and company… hmmm… wonder how that’s going to work out?

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

    Old Maw called the retail sales as she was visiting the mall last week and saw through her spectacles there were just a few people there, and not a soul shopping.

    Maybe quite a few “Old Paws” shorted the market 35% ago?

    _________

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

    Zero Hedge is a panic blog. Denninger is a panic blog. If I recall correctly Fly was all cash and panicked until the rally had run up 20%. Big deal?

    So it was you sully? You’re one of the gays.

    there a big freaking difference. Those two fuckers aren’t just panic blogs, they’re simply doomsdayists. Everything they look at, they think spells the end of the world.

    Fly isn’t exactly like that is he.

    The point of Mom’s comment was obviously stupid, which is why i asked the rhetorical question.
    So STFU
    ——-

    On different note, Aussie Euro Yen and Doll yen are getting the shit kicked out of them. This may be an ominous marker for the stock market today.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  45. bait bucket bitchez
    bait bucket bitchez

    $75/bbl? Sold to you. I’ve got 500 bbls sitting in storage right now. Where do you want it?

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

    Green Shoots..my least favorite phrase for 2009 just got fucked in the ass…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  47. London

    I do believe the bull market for bullsh*t stocks just dried up…

    The usual suspects (FXP, SRS, etc) look pretty good to me.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  48. MASTERPAIN

    Red shoots baby!! All the young guitar heroes are waking and baking in the red

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

    Yes, futures look weak but looking for the usual suspects for a daytrade or two early.
    If INTC stays + and AMAT stabilizes an SMH long after a few minutes of the open could be a good bet.
    Also MSFT may break 20.00 early and the Q’s would be okay for a trade.

    Spitzer in and outs only. Snooze and lose.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  50. j

    Doll yen could be close to a buy on my chart. I use ma envelope
    25 hours with 1.5% band from the mid that works like a dream.

    If it heads down to 95.40ish in a puke over the next 5 hours or so it’s worth buying with a stop just below 95 even.

    ——

    Cash, I must apologize. I scored you a positive vote by mistake and you need to count that as a negative . Everyone gets negative vote on this thread today.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  51. Rankin Bass

    How can anyone trust Tim Geithner? We all know he played the dentist on Rudolph The Red Nosed Reindeer. It’s hard to take him seriously in any other role.

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

    Yes and Larry Summers is like Youkon Cornelius and Obama is the King of Misfit Toys.

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

    We could be setting up for a massive snap back rally today. I don’t think people realize how bad retail sales were, if they did they would be bidding the market up like mad. Isn’t that how it works now?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  54. T MOE

    Nice retail sales numbers
    Nice numbers from Macy’s
    Ha Ha Ha

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  55. Yogi & Boo Boo
    Yogi & Boo Boo

    j – BTW, some commenters here do deserve positive karma. I don’t quite understand the “swat The Fly” comments, myself. Regardless of where the market closes today, I don’t see how anyone could be surprised by a pullback after such a run, and why it’s such a BFD.

    Yes, in the interest of full disclosure, I’m still long, no hedges, patiently waiting for the correction to end before moving higher.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  56. zoro

    The Fly Says:
    Wood
    That’s a panic blog. Ignore it.
    ————————–
    wow, turns out fly reads other blogs – mu-ha-ha-ha

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  57. zoro

    fly, time for “f*ck you bulls, you are dead” banner

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  58. Bman

    Overall short-term market trend (daily chart) is becoming bearish according to the McClellan Summation Index. This rally may extend another three weeks after a pause — as it did in 2003 — or go sideways a bit before heading down into a buying dip.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  59. T MOE

    Death to Oil

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  60. Keyser Soze

    POT breaking the fuck out. They had been walking it up on pathetic volume since earnings until yesterday, then yesterday was a huge volume day.

    They’re lifting offers like crazy so far again today on big volume.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  61. j

    Jake:

    Mon appears as strong as a ox.

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

    sold longs, went short. looks to me like the run is over. if the bears can pull off a -300 day on the dow, bulls will give up (this rally has all the bulls hovering over the sell button)

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

    Adding to SMH.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  64. TheArtist

    well, if all here are already talking doom again from 2 days of tiny negative market closes, you might as well bring back out the talk of bullets, guns and bomb shelters, don’t forget the MRE’s.

    on other news,
    Gas, most likely going to be around 2.50 to 3.00 gal. for june and july. I’m ready, in fact I have already planned to get all my fun out of the way now while gas is cheap. I will be driving to Florida May 23 in a big gas guzzling SUV with 3 Harley’s on a trailer, once there I will be doing some riding and filling the boat up and cruising the intercoastal waterway for 7 days. (These boats drink gas you know)

    This I refrained doing when gas was 4.00 a gal. I just fished from the beach.

    Just thinking ahead and getting some fun in while the getting is good.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  65. T MOE

    Adding to my long term TIP holding that I bought months ago at 97.05. Inflation is coming, it may be a ways away but it is coming

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

    TheArtist….you are one thrifty SOB.

    Surely there is going to be a panic on the horizon. Lets get back to Shoes Falling instead of Shoots growing.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  67. TheArtist

    I love this shit…..lies and fuckery at it’s best.

    MGM, for weeks have bragged all is well and going gang busters with casinos and people are back and all is just peachy.
    The very 2nd day of a drop in share price they now announce that they are having to raise 2 billion and doing it with a dilutive common stock offering….shares now down 15% in first 30 minutes of trading…..

    Can’t wait for the entire markets past 8 weeks of lies and manipulative fuckery to all come out in the wash. We’ll see how the world handles the truth this time around.

    O, and Fly is right, China, as most here already know, is building a massive Navy, They have around 8 nuclear submarines being built as we speak, and have been building destroyers and cruisers and the like for years and mind you me, our government is concerned.

    carry on, I’ve got fun shit to do, enjoy.

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

    Fly that is 25% off of RFMD in only 2 days. Are you worried about it? I don’t have a position yet.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  69. The End

    So the question is, when it all crashes down months or years from now, how will Bill Miller end it? slipping off his highrise balcony, cleaning his gun, accidentally taking 2 bottles of sleeping pills or taking a position with the Fed.

    Miller, who beat the Standard & Poor’s 500 Index for a record 15 straight years before stumbling in 2006, says financial companies are his favorite investment for the rest of the decade

    Miller, lost more money in the past three years than 99 percent of rival managers by owning Bear Stearns Cos., Freddie Mac and American International Group Inc

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

    More SMH.

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

    Morning post for Jacksonian Opportunity Purchases…

    Watch this space!

    ____

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  72. j

    I just bought 50% of a doll yen pos here and look to buy at 95.40 is lower down with a stop at 95 for the lot.

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

    Okay.
    SMH ready to breakout.
    And I am scaling out.
    Ave. cost 19.14.
    Redeploy some to MSFT,JNPR

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  74. Not un-American; reality
    Not un-American; reality

    In the decades ahead China will control the US without firing a simgle shot. Follow the money; we broke; they ain’t

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  75. Oil is going nowhere
    Oil is going nowhere

    Oil hits $50 and OPEC members(Iran, Venezuela, etc.) start cheating, here comes some extra supply:
    http://www.bloomberg.com/apps/news?pid=20601087&sid=a6NTm7qxfBK4&refer=home

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

    Adding to my long term TIP holding that I bought months ago at 97.05. Inflation is coming, it may be a ways away but it is coming

    Screw that faggy inflation bond shit. Get you some AGQ crack, son!

    ________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  77. T MOE

    Again Obama kissing Pelosi’s ass

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

    And quite an ass it is.
    Comes from sitting down all the time on her taxpayer supported private jet.

    Question: Does she get botox injections in her ass?
    Second Question: If she is waterboarded is it the people pouring the water on her actually the ones feeling like they are the ones being tortured?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  79. Henry Fool

    Used a large portion of my 30% cash position to buy WNR @ 13.78
    and GAIA @ 5.53

    THE PPT will tell you yuck! Don’t touch either of these with a barge pole. However, my secret, highly technical charting system called precise buy points on these. So I dove in with both feet on this mornings pullback and added 2 new names in size.

    Western Refining and Gaiam.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  80. Henry Fool

    Remember I’m up 50% YTD so my balls are fucking enormous right now.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  81. TradefrCaddy

    Henry Fool- Be sure to wear an athletic supporter.
    You don’t need abrasions from the sidewalk.

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

    Tech is getting a murder raping today. I thought tech would lead us?

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

    I volunteer to smack skank Pelosi with dead grouper tails till she blows barney frank, and declares herself a republican afterall…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  84. Nails

    Henry, didn’t you buy 15k shares of XOMA at .70 yesterday?

    How’s that working out for ya today ?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  85. TX Slave Trader
    TX Slave Trader

    I need no thanks or praise for bringing thy COIN upon you……

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  86. Scully

    GTC sell 2500 PFE @ 15.50 from 14.25….any moment now.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  87. trader y

    This is what I was referring to a few days ago. When the market is melting up a monkey can make money in the small caps, but in a down or even flat market, true talent sticks out. So let’s see what you small cap addicts can do without the euphoria.

    My post was a warning to newbies who thought they were going to be instant millionaires because of a few good weeks/months chasing penny stocks listed by bloggers.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  88. Henry Fool

    GAIA is brilliant here! Trust me!!

    Wait… only trust yourself. Fuck, I wish I could help everyone make money like this but I cant it doesn’t seem to work that way.

    As the Fly would say if you buy shares in either WNR or GAIA you will most certainly suffer tremendous losses!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  89. sell in may and go away

    if the FLY is so right how come insider selling is at a 2 year high right here.

    What does the fly know that the CEO’s of the companies he’s buying don’t know.

    I bet the answer is going to shock the fly

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  90. Henry Fool

    Nails yes I did even paid as high as .71 for some of my XOMA.

    I still have them why whats your problem?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  91. Henry Fool

    I’m down 1.8% at this particular minute of the day Nails. Any other comments?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  92. What If Ur Wong
    What If Ur Wong

    The Fly is wong today. *Correction-he was wong all along. Tech led us down. I think Fly OWNS FTK. NO volume, and he’s bidding and asking against himself. I will buy your FTK when it hits 1 Euro worth of $1.

    Am I wong or is he light?

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

    MS to be + soon.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  94. j

    anon

    Insider trading watch is a crock of shit. Ignore it. Spoken to a CEO or a director of a company? When the fuck are they ever bearish.

    Even now, insiders selling at at fast pace could very mean those fuckers need cash to anchor their lifestyles seeing their bonuses were zip this year.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  95. Free Trader

    j, I beg to differ. If you’re dumb enough to buy what insiders are selling, then good luck! I hope you have taken a million dollar life insurance!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  96. Keyser Soze

    I get 2 negative karmas for highlighting a stock that’s breaking out on big volume on a down 150 day?

    Fuck you both. And your bitch mothers. And your skanky whore sisters.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  97. j

    Free Trader:

    There’s something more in the wind when there’s such a huge divergence from the norm.

    My bet is that a lot of these guys are panicked or simply need the need to keep up their spending.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  98. Free Trader

    J, true. Depends on who the insiders are that’s selling. If their top execs, then they don’t need any money. They have banks of pennies at their disposal. Also, as we’ve learned as of late NEVER go against the market. If insiders are on a selling frenzy, I wouldn’t buy. For example, if steve the fuck ballmer is selling 20M shrs of msft. I wouldn’t be buying msft any time soon. Right?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  99. Henry Fool

    I was just with the Fly in a manner of speaking and he is busy BUYING FUCKING STOCKS!!!

    …… It’s a BULL MARKET don’t you know!

    These pullbacks in the morning are just chances to get long. Nobody even remembers what it feels like to truly run and run and run.

    Da Bull

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  100. Bman

    The “down thumb” is the new “up”. Glad I got out of ATHR before it bombed.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  101. Goin'Fawr

    RE:”Insider trading watch is a crock of shit. Ignore it. Spoken to a CEO or a director of a company? When the fuck are they ever bearish.”
    When they sell most of their shares the day before their company’s Q1 report comes out. Oh sure, they might be ‘lowing’ when they open their mouths, but you will have mistaken which end of the bovine is making the noise.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  102. j

    Free trader:

    Perhaps. He may actually be selling for a host of reasons though. His private banker tells him he needs to diversify his net worth. he needs to pay the hooker 20 mill in stock as Steve ain’t going to get a screw for his looks alone or at the $10,000 very top end hooker hourly rate.

    In point of fact Steve selling 20 mill of Microtheft really wouldn’t be telling us anything and would be quite meaningless as the fucker is so wealthy a $10 plunge in the stock wouldn’t mean shit to the fat lard.

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

    Tech is getting a murder raping today. I thought tech would lead us?

    It will, which should make your next question one of direction.

    _______

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  104. T MOE

    With the big draw down in inventories one would not expect that the move in crude would be so muted. Like I posted late last night on this thread the fundamentals point to demand remaining soft. Crude is trading on hope the economy is recovering and hope that demand will pick up in the US rather than the fundamentals.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  105. Henry Fool

    NG add @ 3.40

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  106. Keyser Soze

    POT’s up 5%.

    You gay maggots that neggy’d me for showing you a no brainer, low risk trade envy the size of your mother’s cock.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  107. The TODD

    Any of you guys looking to get short anything? Or just waiting to buy this pullback?

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

    I bet the answer is going to shock the fly.

    I tell ya what would shock the shit out of me.

    If any of the ball-less, sniping anonymous douchebags who arrive here regularly from the nethersphere ever established a screen name so we could actually determine whether or not their pithy advice was worth the brief bytes expended to display them.

    That would certainly shock me.

    __________

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

    biotech set to attract more $$$$$..STEM- is a current play I am accumulating.

    CNBC must recieve a Scud missile to headquarters soon.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  110. Henry Fool

    100% fully loaded no stops and going out to do a little yard work for an hour or so.

    See you later!

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

    completely out of common longs, loaded up on FAZ (intending to hold until at least EOD Friday, options expiration)

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  112. Goin'Fawr

    Henry: No stops and out the door, eh? You gotta have some respect for a guy with a pair o’ those that would breed.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  113. j

    GoinF

    Fool’s genes are what causes high speed accidents on the highways and dudes to road motor bikes without helmets. there’s nothing to be proud of.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  114. Ben B

    NOTICE: The saying “Sell in May and go away” has officially been replaced by “Sell in May and stay home since you cant afford to go away…anywhere”

    Please make a note of it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  115. Flys' Secret

    Fly wants to let all of you penny stock lovers in on his pick o’ the day: BKC

    “because he is being flame broiled”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  116. Goin'Fawr

    Who are you anyway j? Ralph Nader? I bet you wear a helmet and a seatbelt in front of your laptop, lest a comet strike and slow the earth’s rotation.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  117. TPC

    Followed the link back here from my site. Love iBC. It’s one of my daily reads. Sorry to see Fly thinks my blog is a “panic blog”. Just to set the record straight – I was wildly bullish at the March lows with heavy positions (implemented on March 8th – http://pragcap.com/coming-this-week-the-m2m-rally) in TNA among others. Have I turned more cautious as everyone and their mother buys into the rally hype? Yes. Hedged yes, panicky, no.

    As for your inflation thesis – you can’t have inflation without a pick up in the velocity of money and you can’t have a pick up in velocity without consumer borrowing and spending. If anyone can outline a robust consumer thesis for 2009-2012 I am all ears.

    Love the site Fly. Keep up the good work.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  118. Romania Goat

    The Fly is currently baaaaausy right now.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  119. TheArtist

    I’ve been outside tweeking out the old gal for the summer, 1957 all mahagony Chris Craft (18 footer), this fall I will pull her down and re-varnish her, she’s due for a new shine.

    just came in to check and see what the DOW has done.

    All looking good.
    another -2500 to go and we’ll be where we should be.

    carry on you misfits.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  120. ryan

    The last six days on SPY are now under water. http://tinyurl.com/ptmvt8

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  121. wilmer

    Fly is currently being dragged through the streets kicking and screaming and will be unable to post.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  122. j

    Who are you anyway j? Ralph Nader? I bet you wear a helmet and a seatbelt in front of your laptop, lest a comet strike and slow the earth’s rotation.

    I don’t ride a bike and yea, i wear a seat belt on highways as not doing so is stupid.

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

    Just buy SMH on dips and sell it as it rallies.
    Daytrade only.
    As long as INTC,TXN are strong SMH will be a good trade.
    If AMAT can get off the mat a bit then we could see a big ride up.
    But until then I am In n’ Out.
    Just like the hamburger place.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  124. SteveThe Neighbor
    SteveThe Neighbor

    Fly has been lost in his crop circles. We currently have a search party looking for him. We can hear him but can’t see him.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  125. T MOE

    I think the question is will the true believers in this rally come out put their balls out there and buy the dips during the rest of the day and push the Market higher. Or, will the herd start walking instead of running and the shorts come in and slowly clip them at the knees and start the retracement of over 60%. If history is a guide and if it matters, and I think it does, we will see selling in mid May to late May. Like we had over the years. IMO the buyers are getting exausted. I don’t see that many buyers

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

    CUZ we got a motha fuckin problem ho. We Fittin To Kill somebody. Some bitch jacked our money and We Gangstas.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  127. Goin'Fawr

    “I don’t ride a bike and yea, i wear a seat belt on highways as not doing so is stupid.”

    j, I never said Ralph Nader was an idiot. I just asked if you were he.

    And, for the record, I’m all for guys on bikes not wearing helmets, it increases the chances of weeding out the weak, and proving Darwin’s theory.

    But I don’t trust brokers any farther than I have to, so even though it’s risky, I would rather not leave the room with automatic stops indicating to them exactly at what price I will sell.
    Hence my respect for Hank. (Well, that and up 50% ytd is worth a congratulatory slap on the back)

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  128. DEVILDOG

    The best indicator to me is Fly. As long as he remains easily stampeded into the bullish camp(Fly must really be a COW…MOO!) I know the BEARS will continue to win the WAR. I believe the Fly is unduly influenced by his time on wall street. He still believes these scumballs can fool America into allowing them to remain at the top of the food chain. Sorry Fly, not this time. This time they will truly get what they deserve. Pain, suffering and hopefully death. BTW, ALL of your oil plays are down BIG. Odd no?

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