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
23,471 Blog Posts

Check My Winship

You don’t need to agree with everything that I say and do. As a matter of fact, I encourage all to think on their own, try to make your own fishing pole, then fucking fish with it. However, don’t ever cross me, for if you do I will make sure your life is a living hell and/or you lose in a very egregious way.

Case in point: FTK

There are laughing clowns, not to be confused with the raping or killing type, that have bet against me in FTK, continuously, via large short sales. Heck, the short position is upwards of 20% and the fucking stock price is nailed to the floorboards. Yet, here we are, on a glorious “non-Africa hot” Tuesday morning and FTK is running lawn mowers over their faces.

All you need is a little push in the right direction and all of the chips will fall into place.

Aside from FTK, I am a chicken dinner winner in FITB, ATHR and OVTI. To be honest, I don’t know why anyone is short OVTI. For the love of pin-less hand grenades, they have close to $5 in net cash and their cameras are in the new iphone. You have to be a fucking lunatic to be short. My sense, the stock hits $20 by Labor Day.

Finally, the dollar is up, while oil is up; something has to give. I would not be surprised to see the dollar go negative and the Dow sprint higher by triple digits. At the moment, I am up another 2.3% intra-day.

UPDATE: Due to dollar strength, I sold out of my ERX position, just north of $38.

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13 comments

  1. trader

    It’s a bit narcissistic to think that there are people shorting thousands of shares against you isn’t it? My take is that FTK had a high short % before you got it, and it still does. Has nothing to do with Senor Tropicana.

    There are better guys to pick on than a dude who is up substantially for the year.

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  2. Unknown

    FLY I know you love GLW…..take a look at the AUO news today…..they are reporting a shortage of lcd displays because of a more than 50% jump in orders from previous Q

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  3. j

    Why the fuck does CNBC have that stupid bitch Ariana Blowjob on CNBC in the morning?

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  4. Jake or anyone else: Do you see long TBT as a good long-term play? Jake, I have read that your (maybe first?) target is $60. After that, though?

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  5. The Fly

    Trader:

    tongue in cheek dude.

    Unknown:

    Love AUO and LPL

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  6. The Fly

    Today’s tell is UUP. If it goes up, the market will sell off and vice versa.

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  7. The Fly

    dollar going up, fucking up my plans.

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  8. trader

    Should have known. Sorry.

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  9. sergei

    When you have people saying that “it’s impossible to lose money going long here,” that pretty much guarantees a selloff. It certainly isn’t just because of dollar strength.

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  10. Justin

    Market rally is going to be over soon. Look at the leaders
    BIDU, CME, GS, AAPL, GOOG, AMZN all showing signs of fatigue.

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  11. BIG MIKE

    BREAKING NEWS!!!

    FTK up 12% due to “the Fly” proxy battle for ALL the board seats..

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  12. j

    x

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  13. toptick

    Sold my FNSR this morning @ .89. Not holding through earnings.

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