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

Trading With Honour

I’d be remiss if I did not call you out for being a soulless ghoul of a trader, always shifty with the eyes and quick with the tongue. Is it so bad to endure a few down days, in order to stick to a thesis?

Watching traders, particularly on the internets, reminds me how fucked up American culture is today. You want to eat your cake and you want it now. If, for some odd reason, your serving of cake is delayed, tantrums ensue. While it’s true, some people are motivated by fear, which makes them pursue pussified positions, both in life and trading. It is a fact, most people are just plain greedy, to a degree that it clouds their judgment.

Maybe I am wrong about my short term bullish thesis. Perhaps the market internals will decay, effectively fucking my open positions with clown-like ferocity. But at least I stand for something, unlike most of you.

Today’s dip is a bit disconcerting, especially following yesterday’s 4% thumping. Nonetheless, I have put together a buy list and will begin nibbling shortly.

For starters, I like ERX in the low $30’s, OVTI in the low $10’s, GLW in the low $15’s and CIEN in the high $9’s.

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53 comments

  1. ferocitic trading clown
    ferocitic trading clown

    chill broker

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  2. newbiewannamakemoney
    newbiewannamakemoney

    Fly,

    Does GME look good at this level?

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  3. The Fly

    GME is buyable here.

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  4. chivasontherocks
    chivasontherocks

    well said.

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  5. pdf

    “Maybe I am wrong about my short term bullish thesis. Perhaps the market internals will decay, effectively fucking my open positions with clown-like ferocity. But at least I stand for something, unlike most of you.”

    how very cramer of you after strutting and peacocking like a twat

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  6. Fly's Scrotum

    Oh fuck…not again…..cock-punched by a bear!!

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  7. jg

    fig

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  8. You mispelt(sic) “honor”.

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  9. Broker A

    Now where is that egregious Golden Bull?

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  10. CAP

    GME is going to zero . Odd no ? XBox and PS allows you to download games directly from the internets. Why would anyone need to go to GME to buy a game ? You can never overestimate the laziness of the American consumer. Drive to GME v Download directly from XBox or PS.

    Picture this

    Scene: FLY Residence Aka ‘Casa de Senor Tropicana’

    Fly Junior:” Dad can you take me to Gamestop to get me the new Grand Theft Auto”

    Fly (pacing the house in the nude):”Can’t you see I’m busy. I have shit to do. ”

    Fly Junior: “But Dad ..”

    Fly ” No. Go play with your old games”

    Fly Junior “Fine I’ll just download it via my Playstation”

    The End

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  11. Broker B

    “Trading with Honour” and without profits!

    🙂

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  12. Yogi & Boo Boo

    Fly,

    You nailed it. It what separates the man (and women) traders from the boy traders. There is no way a leech is going to hold onto a position during a bad spell, even a minor one, because the leech does not make the trade his own. It was someone else’s idea, not his, and he does not take the responsibility of the potential loss.

    BTW, Thanks.

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  13. The Fly

    You’re all idiots. You will soon find out why.

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  14. The Fly

    I did not misspell honour.

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  15. buy the dip later
    buy the dip later

    Isn’t this typical. This Fly blogger was late in April when he went long, and now he’s going to do the same thing swithing short.

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  16. The Fly

    Oh boy, should I just ban you now or later? Is this going to spiral into some sort of heckling match? I don’t have time for this shit.

    Seriously, fuck off and post ideas or fuck off again.

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  17. The real idiot here is the so called “Fly”.

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  18. Oh fuck, the dreaded “ban”.

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  19. Hammy

    people start getting industrial-strength stupid on this site when the market goes down.

    you cocksuckers should take a knee, and punch yourself in the face.

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  20. The Fly

    HERE IT COMES BEARFUCKERS. Wait for it.

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  21. Free Trader

    Deuds, where were you homos when the Fly was winning. You were in the corner getting stitched up for the rear in-take you took. So you shorts regained some of your losses, that’s still not a victory. You’re still losing. Now, lighten up~! Have some real ideas on how to bank coins, post it~!

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  22. The Fly

    Correct, I am an idiot who is up 70% for the year, while you are a scholar down 50.

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  23. Free Trader

    that cnbc writer jeff cox,well, looks like a real cock! what a homo. They all have homos on their staff!

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  24. The Fly

    Very nice Hammy. I wish that line was mine.

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  25. The Fly

    You fuckers have been sniffing too much Zicam.

    MTXX ouch. I know a lot of people who swear by that stuff.

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  26. here come the dip buyers

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  27. Mushroomz

    My video game play: http://tinyurl.com/nto62m

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  28. Hey Bears. “here comes the bearfucker” per the fly. What a fucking fag. We will see.

    Bears, don’t cover. In fact short more at the open tomorrow.

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  29. The Fly

    Be honest, who uses Zicam?

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  30. Granpa

    Which line, they were both good.

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  31. RushLimbaugh

    I use Zicam plus other stuff.

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  32. Heath Ledger

    I like to stick swaps up my nose, too.

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  33. Buy UGA and stop this gasoline rise. Short the China game – CYOU – or is it Seeya? Nothing serious here – no volume. We have a real clown in the White House and the market hasn’t gone to zero…..so we will prevail in spite of ….not due to ….the clown.

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  34. Bulls Salmon Slapped by The Bears
    Bulls Salmon Slapped by The Bears

    Fly,

    Be honest…you are no longer up 70% for the year.

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  35. bulltartkiller

    I AM STILL WAITING FOR IT FLY! OOPS, NEVER HAPPENED! DID CRAMER OFFER YOU A JOB???

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  36. trader

    Wow, losers sure come out when we get 2 down days in a row.

    Zicam works great Fly, Zinc only thing that works against colds.

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  37. firewire

    Fly owns you guys in trading, come on…

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  38. dave

    Is JPM still pumping $SPY ?

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  39. It looks like the bearfuckers have cut the socalled “fly’s” balls off for the second day in a row. Tomorrow the trifecta will happen.

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  40. DMG

    I think the blogfather is talking about a recent story that says Zicam damages the ol’ schnozz.
    http://news.yahoo.com/s/ap/20090616/ap_on_bi_ge/us_cold_medicine_fda_warning_5

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  41. Bears!

    Hold ur positions for the collapse.

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  42. Anonymous = J0shingU

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  43. OnStar Operator
    OnStar Operator

    Mr Fly….

    You seem to have been involved in a crash. Emergency respondents have been notified.

    OnStar

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  44. I’m going to Tim K’s site. He’s the one that banked coin today.

    Fuckers.

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  45. GA

    FXP seems to be working again, I might pick some up if the market bounces tomorrow.

    chivas is god.

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  46. JakeGint

    “Bulls Salmon Slapped by the Bears.”

    You may be a bearshitter, but at least you’ve got a sense of humour (sic).

    ________

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  47. Aristotle

    The Fly, being a pseudo-European gentlemen from south of the Mason Dixon line uses the correct olde English spelling of honour, fucktards!

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  48. ML237

    All you closet Bears and internet tough guys that like commenting here on a down day can simply go and suck yourself off. Now back to your mop and clean toilet before your afternoon shift at the quicky mart begins. Once a loser …..

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  49. Obama appoints a Czar, no, make that “watchdog” over financial markets. Obama and his Czars have it under control. Ten trading days left in June – start the window dressing now – Goldman Suchs wants a robust finish to the quarter.

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  50. hammy

    fly isn’t from the south by virtue of the fact that he knows how to read

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  51. JakeGint

    Hammy, you illiterate sod.

    Not familiar with Wm. Faulkner, Robt. Penn Warren, Eudora Welty, Thomas Wolfe, Richard Wright, Percy Walker, Ralph Ellison, James Dickey, Erskine Caldwell, Carson McCullers, James Agee, Tennessee Williams, Katherine Anne Porter and perhaps the greatest of them all, Flannery O’Connor?

    No?

    Well howabout Mark Twain then? They teach him in seventh grade don’t they?

    Sheeeeiiiiiiit…..

    ________________

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  52. EN1GMA

    I’ve used ZICAM a few times before and it never had any effect on my sense of smell or taste….and I would say it worked (or perhaps it was a placebo effect). Anyhow, maybe you gotta OD on the stuff to suffer any side effects.

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  53. Cuervos Laugh

    I thought Mark Twain was unPC

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