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

Buying Opportunity

This market is very hard to keep down. I would not be surprised to see a late day rally punch the chest hairs off of overzealous bearshitters. Already, I am seeing signs of strength amongst numerous industries. ATTENTION BEARSHITTERS: You’re better off letting off a few rounds of a howitzer, into your face, than fuck around shorting this market.

I have numerous chores to attend to today, such as dealing with asshole general contractors. Needless to say, this post has to be brief.

Just know this: I will buy FTK, FNSR, OVTI and GME on dips. Into strength, I like FITB, ENTR, ARD and SD. Bottom line: we rally hard into the bell, much to your chagrin.

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42 comments

  1. GA

    I welcome the late day rally which in turn will provide a buying opportunity for bears.

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  2. jg

    fig

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  3. Homo Bob

    AHD is showing resilience in a tough tape.

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  4. kidstock

    Taking the bearshitters side on this one. Sold all long positions and bought DUG cuz me thinks the commodity trade is VERY crowded…

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  5. arak

    Hmmm, what happened to the last post about the raging bull painting falling of the wall? Are you convinced that JPM will successfully gun the SPY to close above 940 for the week to fuck the bearshitters?

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  6. Big Mike

    Yawn…looks like another boring day in the books…at least until 3pm.

    950 boys…we break that…bear sushi with hot sauce…

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  7. Mr. Depression

    http://www.youtube.com/watch?v=2pybSRca-cA

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  8. newbiewannamakemoney
    newbiewannamakemoney

    bought another 1000 GME on the dip. This shit will go back to $25 again.

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  9. punyandy

    Playing the SQNM burrito here. Something is up there. Exploded higher two days ago, crapped the bed yesterday, up huge again today. All on extremely high volume. One way or the other, this stock is moving fast.

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  10. Heckler511

    Love the optimism Senior T. End of day shrapnel provides close shave of face and chest hairs.

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  11. gappingandyapping
    gappingandyapping

    Prepare for weekend launch – Dear Leader

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  12. Cash-N-Guns

    end of day rally…quite probable..not very original..more assturds would be caught leaning the wrong way if we go down like a cheap crack whore looking for one last bump at 3am….who knew…

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  13. ducksman

    Fly,

    What do you think of ATEC. Looks like big insider buying by directors.

    http://finviz.com/insidertrading.ashx?or=-10&tv=100000&tc=7&o=-transactionValue

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  14. Lazlo Birinyi

    This is a bull market or my name is not Lazlo. Any other bulls around? Cramer?

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  15. j

    Anyone notice the dollar/stock market divergence from the highish correlation? The buck is a little stronger today and the stock market hasn’t taken it up the backside.

    I think this may add a little positive impetus to equities now.

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  16. PRICERUNNER

    Long: Golf/Corvette Short: Summer trading with tight stop.

    Why trade a market being Scalped by GS. If volume increases GS can’t control the market [If you look at stocks with great tec stats they are being sold by Uncle Sam]. They talk about China. If the USA is trading anything is ok [After all the scammers are now working for Uncle Sam].
    I don’t trade rigged markets. It won’t last you can see how they are getting backed into a corner trying to move the markets.
    This is why dip buying is working but watch you little buts Humans always fuck up trying to control things.

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  17. PRICERUNNER

    That was Butts not Buts edit sucks!

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  18. chivasontherocks
    chivasontherocks

    this afternoon

    NO RALLY

    http://www.youtube.com/watch?v=Z3ZAGBL6UBA

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  19. QUESTION 4 FLY

    FLY

    Why do you always act like you are the only person long and making money and everyone else is short and losing money?

    Its getting old.

    We are long too. We are making money also.

    You are not the only person on one side of the trade and the rest of the world is on the other side.

    Zzzzzzzzzzzz

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  20. Market will close flat. Look at that BAC rise above fray – I may have to play the mo – its gonna hit $15.

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  21. Catch me on the nighshift
    Catch me on the nighshift

    ARMH to 6.20 in short order. Take a gander.

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  22. The Fly

    I don’t need to address the bulls, since they are making coin. I prod the bears in order to shame them into a correct position.

    Now you know my motivation.

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  23. DPeezy

    Today, this site is performing about as well as DevilDog’s FAZ. (Or is it just my connection?) And what happened to the ‘recent comments’ list?!

    You need to hire more code monkeys!

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  24. i wonder

    I wonder if this “buying opp” will be similar to CA writing yesterday at the peak “this is the last chance to load the fuck up!”

    That usually is indicative of toppish behaviour (sic).

    I don’t think we’ll see much downside either but this market isn’t going anywhere fast.

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  25. Yogi & Boo Boo

    DP – Site’s having problems. I was getting both DB timeouts as well as timeouts on the main page. Something’s not right.

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  26. GA

    chivas is god.

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  27. NEWBIEWANNAMAKEMONEY
    NEWBIEWANNAMAKEMONEY

    Fly,

    are you loading on GME?

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  28. The Chart Addict

    perhaps

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  29. the prof

    short 6 emini’s here…

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  30. gappingandyapping
    gappingandyapping

    The Goose has entered the lemonade.

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  31. E8

    No DPZ, it’s not just you. Like riding on a slow junk to China … Did Vincenzo drop another bottle of vino or some gravy on the server?

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  32. agnes kim

    my husband just bought me 1,000,000 shares of amkor ranging from $4.45-4.87.

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  33. assinine dip buyer
    assinine dip buyer

    I am coming to get you beatches!

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  34. Heckler511

    This stingy fucking market better give up some gains soon… wulp, back to shredding documents…

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  35. ZenProfit

    Vincenzo must have won the Italian lottery.

    Site has been crashing and burning all day today.

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  36. TraderCaddy

    Noticed the SunTrust business ad on the right.
    Getting some classy advertisers here.
    I hope SunTrust is paying you for the ad in TARP money (assuming it’s not a Google ad and I don’t think it is).

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  37. Anton Cigur

    DPeez –

    The site was slow as Miss South Carolina yesterday, too.

    Fly said it was just increased traffic and Vincenzo won’t put down the gravy bowl long enough to buy a new server. Probably cramer’s interns looking for tips for his show and website.

    Such as.

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  38. GA

    and the reversal in 5…4…3…2…

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  39. Randolph

    Mortimer…selllllL!!!!

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  40. SteveTheNeighbor
    SteveTheNeighbor

    No, I think the Tech guy Vincenzo is extremely busy now.
    Fly put him to work on his remodeling job. I saw him with a hammer working on the side of Fly’s house. He also had a slice of pizza hanging out of his pocket and a meatball sub hanging out of his mouth.
    Fly should stick to hiring illegals.

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  41. Fly's other neighbor
    Fly's other neighbor

    Well, Steve, at least Vincenzo does work, unlike you for instance. Fly offered you a hundred bucks to cut his grass.

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