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

BEAR TRAP

Just shut-the-fuck-up-already. If I hear that any of you little trollops are talking shit again, on this here blog, I will track you down, like the dogs that you are, and have your eyebrows punched off.

Today’s treasury auction went well; are you happy? Look, this is the only game in town. How in the world do you suggest that foreign banks/governments will—all of a sudden— stop buying our debt? To do so would be equal to driving a car, made from dynamite, into the sun: we all know what happens when people do that. Geez.

I declare: Let yesterday’s decline be gone, and it shall be so.

I sense a squeeze. I want to get advantageous right here, buying up some of my favorite names, while they are down, including OVTI, GLW, ENTR and ATHR.

More on this later.

UPDATE
: I bought 2,000 ATHR 2 $16.10, 10,000 ENTR @ $2.25, 5,000 GLW @ $14.17 and 2,000 OVTI @ $10.22

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55 comments

  1. kidstock

    FIG

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  2. jg

    fig

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  3. jg

    hhaha damn you kidstock!

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  4. Jason

    Haha! Bears getting gutted AGAIN! I shall remain long until IBC BearTards finally give it up and throw in the towel.

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  5. ZenProfit

    et tu FIG?

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  6. TraderCaddy

    I get it.
    Now we will be watching Treasury Auctions just like watching the M1 money supply reports in the early ’80s.
    The more things change the more they stay the same.
    I see SMH is not keeping up and the same for IWM (Russell 2000)(still negative).
    Not good for the rest of the PM.
    It’s all nonsense.
    Just follow the money (as they said during Watergate).

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  7. The Zombie

    The Fly is God.

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  8. Lower Highs for the last 3 weeks, I don’t know what you are seeing.

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  9. mrkcbill

    Man people want to feel good. Everybody wants that can do will do spirit. Can somebody tell me what percentage of the people are late on their mortgages, across the board? The 46 year avg for the 10yr 7%.

    Here is my indicator…went to a Dry Cleaners in an upscale area…The Sheriff had just evicted the guy and is front of the building. I said I’ll bet your busy? YEP and its going to get worse he says. Then he went into an Obama tirade and then I left.

    #1 indicator “The Denninger Blue Blazer” when that dude goes on Youtube wearing “the blazer” the VIX is always good for a 10% move.

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  10. The Fly

    Drink a sprite and go punch someone in the gut. It’s spring time! Rejoice until grape vines, while chewing on cocaine leaves.

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  11. alphadawgg

    Slight of hand and market trickery, coupled with free govt bj’s for bond buyers.

    This is stupidity dressed up in a gay bankers suit.

    I remain a dissenter (who is market neutral, of course).

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  12. DEVILDOG

    More like a stupid cowherd trap. Markets will close in the red today.

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  13. The Fly

    yields are rising again. Hence the market softens. This is stupid.

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  14. The Fly

    TLT is today’s tell

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  15. charlie

    My research indicates immediate and 3 week gains for $OCLS. Just make sure you get a solid entry.

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  16. TGiR

    My eyebrows are a little shaggy, can you just punch them trim?

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  17. Coffee

    I love my 2.50 JVA …yes

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  18. Coffee

    only punch me once on a cuz i gots a unibrow

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  19. kidstock

    Buy bonds…sell commodities.

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  20. Ass Napkin Mike
    Ass Napkin Mike

    Well, I saw a 12k profit at the begining of the day turn into a 2k loss-about 45 minutes later, i sild the postition for 9k profit.

    Then, I got short and was down 5k to wait about 2 hrs and cover plus 3k’s.

    JESUS FUCKING FUCK

    I cant take this shit anymore.

    Off to short some shit now-I hope there is a weak close.

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  21. Bear claw

    damn mang…it aint easy being me

    maybe Lehman will comeback and die again..that would be cool

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  22. Carnak the Magnificient
    Carnak the Magnificient

    LOL at AN-Mike.

    Anyone trading on Prozac today?

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  23. alphadawgg

    The story may lie in the high yield market. Strong inflows despite credit worries and negative fundamentals. Bids are strong. This bears (no pun) watching.

    “The market can stay irrational longer than traders can stay solvent”, is very true.

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  24. “yields are rising again. Hence the market softens. This is stupid.”

    “TLT is today’s tell”

    These two statements make you look…

    Everyone get the fuck out of the market and let a trend develop. What is with this anxiety of having to ride every tiny wave. Market has done nothing since may 8. Those of you claiming to have made crazy money this month are either very lucky (as opposed to good) or not telling the truth.
    Now get the fuck away from the market and chill for a while. Anyone making big bets here is gambling. Although, if I had to gamble (which I don’t) I would be gambling the downside.

    fuxk you’s all

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  25. TX Slave Trader
    TX Slave Trader

    Very bullish action in ENTR. Gotta love seeing strength follow so quickly after a shakeout……..Fly lives.

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  26. The Fly

    Mike

    Instead of shorting stock, go long.

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  27. The Fly

    Today’s gains to double by the bell.

    More on this later.

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  28. Joe

    “Today’s gains to double by the bell”

    If you are short! Which being an italian guido, you probably are:)

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  29. slim

    Fly said: “Today’s treasury auction went well”

    Lighter than expected foreign participation and likely intervention by the FED to keep a lid on things is not an auction that went well.

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  30. JakeGint

    Life is much calmer over in Jacksonia, where the bulls are fertile and mounting Devilcows left and right.

    ______________

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  31. Cash-N-Guns

    CRGN..ripping..!long alot.

    FACT..above 10 could spike..own it.

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  32. isay

    Winter ’08 was easier to read than this trading range/Yield driven/propped up stock business.

    Shorting has all the risk.

    Flight to equity risk/Dow up 200 today?

    WTF?

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  33. Henry Fool

    DVAX takes 1.50 and there’s a leak.

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  34. Thunderpup

    Do you get medieval on bankers there in Jacksonia?

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  35. Granpa

    Henry, thanks. I was thinking the other way, if it can get and hold above 7.64 maybe another run at 8.04 then clear air.

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  36. Slim

    2:39 Today’s gains to be halved before the close

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  37. TraderCaddy

    Tempting so I will bite.
    Short IWM 49.45 with a stop at 49.85.
    Daytrade only.

    Russell 2000 just not keeping up.

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  38. Damon

    Hey, Fly:

    I’ve got the Sprite, but could you send over a few bushels of coca leaves? I can’t find them at the local drug store.

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  39. TraderCaddy

    Cover IWM @ 49.24.
    Done for the day.
    No guts no glory, I guess.
    With my SMH short earlier I am happy enough for the gruel.

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  40. isay

    I hope so slim…[email protected] quickie

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  41. US Fed -China Holdings
    US Fed -China Holdings

    What a bunch of retards. You guys have no clue.

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  42. WallStreetHunter
    WallStreetHunter

    “little trollops”

    LMAO!!

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  43. joe

    “What a bunch of retards. You guys have no clue.”

    you have no clue on weather we have a clue or not…retardo!

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  44. Maria Bartilingus
    Maria Bartilingus

    Clue us in dickhead. Anon: who, with a penny anywhere isn’t gambling?

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  45. The Equalizer

    @Carnak the Magnificient

    I’m long SSRI, does that count as trading on Prozac?

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  46. Aristotle

    Fly, crush the bearshitter’s ballz in the vise of death!

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  47. Carnak the Magnificient
    Carnak the Magnificient

    Equalizer – Looks about right to me… 🙂

    And the question is, “What is up over 200 points today?”

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  48. alphadawgg

    “slim Says:

    Fly said: “Today’s treasury auction went well”

    Lighter than expected foreign participation and likely intervention by the FED to keep a lid on things is not an auction that went well.”

    Today’s auction of the 7 yr note isn’t the tell. It will be next weeks 10y and 30y auctions.

    Next week isn’t looking all that great.

    Could be a bumpy ride from here to there.

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  49. The Fly

    And……..I am winning again.

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  50. punyandy

    DEVILDOG wrong again. that guy is like the anti-midas. he could touch gold and turn it to shit. a regular asshole, indeud.

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  51. What is up with FTK……..this thing sucks

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  52. Cap

    Fly says: “Today’s gains to double by the bell.”

    If not, Will you suck your cock?

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  53. Some blogger says Bernanke is not targeting the yield on the 10 year – rather, he is buying steadily to provide money in the system because money velocity remains low. How the hell can we trade with this lack of clarity? Just carefully watch the tape, that’s all.

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  54. The Fly

    CAP

    No. But i bet you would, AGAIN.

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  55. Big Mike

    Go long FCX…about to break into new highs….

    Play the $ weakness and momentum onto commodities. Have an uptrend dating all the way to Nov.

    That is all.

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