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

THE ADAMI BOTTOM

I swear on a stocks of flaming Korans, “The Fly” was about to go short stocks, via a basket of inverse ETF’s, until Guy “Burnt Toast” Adami started with the bear talk on the teevee. No offense to Guy and non-flaming Korans; but I’d rather take stock advice from my local garbage man, than follow that fucker into a trade.

So far, I have no executed any meaningful trades today. I am just, sort of, roaming around, talking to strange people on the telephone, while watching the stand up comedians on CNBC. On the day, I am almost flat, as most of my positions have “swung” back to green, thanks in large part of the cowardice of any and all bearshitters.

With the dollar selling off again, coupled with benign commodity prices, I would not be surprised to see the market do a “full reversal,” dumping the severed heads of short sellers into idle vats of raw sewage.

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38 comments

  1. kidstock

    FIG

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  2. wilmer

    JDO

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  3. GA

    CIG

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  4. Cash-N-Guns

    Fly–thats it buddy..Adami is Spaghetti man..fucking idiot..WPRT-if i may suggest…with some MITI, and a splash of EDGR..and SYNM if you are inclined…TBT soon.

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  5. DEVILDOG

    Fly, I thought you were smarter than j. Guess not.

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  6. j

    No Dog, you’re the smartest guy in the room.

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  7. franky

    FIG, but dammit i hope you’re wrong. i’ve acquired a shitload of EDZ and FAZ for the week. really really can’t stand losing money…

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  8. TraderCaddy

    … on stocks of flaming Koreans.

    Fly- Did you have some bad kimchi last night or are you tired of watching the LPGA?

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  9. GOD

    GIG.
    Keep it real.

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  10. Spanish guy

    spell check much Fly?
    5 (five) errors in a short post!

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  11. TheArtist

    Fly, I still, one day eventually, would like you to have an auto updated chart, with columns that have your buy or (short) of a stock, date bought, when added to (if), ammount of shares, date sold, profit, or (loss), then a constant running total on the bottom of annual profit (since you always win)

    this makes it easier for us pikers and little trollips (in my case I guess I fall into the “little trollip” catagory) to keep up with your portfolio since the whole meaning of this website is stock market performance.

    I mentioned it about 3 weeks ago or so….I know it takes time to do such but it would be a great way to keep up, doesn’t have to be updated daily, weekly is fine. It just lets us little trollips go and see in chart form what exactly you did and it keeps adding on the bottom and is a chart that continues for the entire year, then starts anew on jan 1. to a brand new chart with only the gross total profit of last year starting off the new chart and any stocks held over into the new year.

    sincerely, the little trollip

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  12. GA

    So what? Cramer called a housing bottom, recommending JPM, WFC, BAC:

    http://www.cnbc.com/id/31388528

    You either take his side or Adami’s side.

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  13. Gio

    Ha! i know, he ruined everything.

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  14. Please don't email me any more links to Obama-fly-killing
    Please don't email me any more links to Obama-fly-killing

    I’ve officially had fucking enough of it.

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  15. ftk, glw, ovti, ard, cnxt all red…

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  16. JakeGint

    Fly —

    Large balls here, taking on the wacky Jihadi movement with the header.

    Does this mean it’s okay for me to start putting up the Mohammed cartoons like that lefty Canuckistanian challenged?

    ______

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  17. Allah

    Bring me the one called The Fly.

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  18. The Fly

    MTXX is fucked.

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  19. DEVILDOG

    Stupid cows and sheep get ready to get fucked.

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  20. kidstock

    In the world of dogshit penny stocks…SIRI is on the move on word that they are incorporating an app into Iphone.

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  21. retox

    Fly,

    Yes, fucked – we did just make some ca$h on it on CA’s blog though…

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  22. Guy Adami

    Hey~what the fuck? It’s obvious that I’m not capable of independent thought – I only say what the guy in the ear piece talls me. Sheesh.

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  23. JakeGint

    Some craaaazeeee long term fib shit goin’ on in the metals today, folks.

    _______

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  24. Stellio

    Great call Fly!!! I think we see ranges on the DJI from 8,300 to 8,800 for the next 7 weeks. Sideway moves for now. I think GLW will 18.00 in next 7 weeks

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  25. Roger Riney

    DEVILDOG, you little shit, you still haven’t returned my call. You have been getting absolutely obliterated in all of your positions. Quit acting like the poon that you are and call me ASAP.

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  26. ass hole

    go fuck yourself you pussy

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  27. AI

    Guy Adami has a subscription to EWI ….. should redirect that dude to the PPT

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  28. old timer

    People, People!

    Do not worry about DevilDog; he has infinite supply of money. Notice how he doubles down on his shorts? No margin calls? Although he has lost 80% on the trade, conservatively speaking.

    Quite frankly I envy his methods; I should start paper trading and start barking around at all of you pikers.

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  29. JakeGint

    Enjoy the reflationary trade, but just remember, the dollar going to shit is not a good thing in the long term.

    Shake the drug habit, and…

    Just Remember, it’s all an Illusion.

    ________

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  30. ZenProfit

    SPX with 8 handle at today’s close.

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  31. rm

    Email from wife, no joke:

    “I didnt end up preparing the potatos yet because I decided that if i put them in the fridge they would be even harder to cook and if I left them on the counter with olive oil on them they may attract egregious flies.”

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  32. IBank FlyCoin

    Losers. Here’s a trading strat for ya: Do the opposite of Fly. And correct if I am wrong, but don’t Fly’s have a very short life span?

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  33. dan

    jake, that trade will end badly for commodity bulls in the short/medium term…long term I won’t argue against inflation…king dollar will rip the balls off of the euro and pound in the medium term…all you dollar bears, if not the dollar, then what? parity ensues…Fly will be going back to his deflation thesis before the summer is over

    I see the long end of the curve having one run left in it also

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  34. JakeGint

    Dan — which trade? The reflationary one?

    75 years ago, British bankers said — “if not the pound, then what?”

    You can only abuse natural markets for so long….

    ___________

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  35. Merlin

    Fly,

    Be honest…you were expecting a melt up into the close.

    POOF…your bullshit rally is dead!

    Merlin

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  36. stickler for details
    stickler for details

    egregious

    1. outstandingly bad; shocking; conspicuously bad, flagrant
    2. remarkably good (archaic)

    incorrect usage of The Word shall be fined tupence per infraction.

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  37. Fly Guy

    just an FYI

    http://www.prweb.com/releases/2009/06/prweb2537224.htm

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  38. Zddptcqh

    KDBKI5

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