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
23,445 Blog Posts

Friday Fuckery

Don’t pay attention to the spending data. Americans saving money is like a fat kid on a diet, living inside a chocolate cake factory. Any and all saved coin will eventually be spent, binge style, on $500 tennis shoes and $5,000 purses. Providing we do not melt down, Nagasaki style, today will serve as a consolidation day, digesting yesterday’s gains.

If it wasn’t for my Flotek Industries, Inc. [[FTK]] sand raping me, I’d be enjoying today’s sell off, as if the market was up. Look, look, look, I have [[ENTR]] , Corning Incorporated [[GLW]] , Atmel Corporation [[ATML]] , [[CNXT]] , GameStop Corp. [[GME]] and Arena Resources, Inc. [[ARD]] higher here. Allow me to rationalize today’s losses, so that I may feel better about myself. In case you were wondering, I’m not buying anything. Fuck that.

I have my cigars in line and my position sheets full with equities, some of them are mustache-less bastards, always taunting me with downticks.

As for hedging: I am not convinced we are due to swan dive into concrete pools yet, so I have very little hedged. My hedges consist of legacy FAZtard and SRSucker positions, that make up about 1% of my holdings. Even with today’s dip, both [[FAZ]] and [[SRS]] are aimlessly running along the bottom. Fucking disgrace they are!

If anything, I like the action in [[ERIC]] and Alcatel-Lucent (ADR) [[ALU]] , not because of their euro-trash qualities, but for their divine power.

More on this later.

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31 comments

  1. kidstock

    FIG

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  2. Heckler511

    Does a sand rape involve the beach or the desert?

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  3. Kiwin

    You need to fix your fucking “iBankCoin” banner, looks cheap.

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  4. The Fly

    Heckler:

    Either or.

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  5. The Fly

    What looks cheap? The fucking letter? Quit bitching.

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  6. PRICERUNNER

    Inverse H+S forming ?

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  7. PRICERUNNER

    Sorry H+S forming?

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  8. RpD

    Kiwin,

    What the fuck kind of comment is that.

    It’s a free site….Fly kudos to you for putting up with idiots commenting on your labor.

    ——————–

    918 on SPX is a big number for the buyers and of course a close above 923 is required.

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  9. The Fly

    naz is up. no rollover

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  10. Tradercaddy

    Usual CNBC stuff.
    At least Leave it To Beaver is back and on now.
    That Eddie Haskell and Lumpy.
    Getting Wally in trouble for throwing towels in the locker room.

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  11. maelstrom

    That fucking Banner looks very well executed to these eyes..tastfully designed..big improvement.. I

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  12. Fly Leech

    Fly, I repeat, since you started a new line:

    The site is outstanding! Very professional. Next, you need to make your name stand out. Something like a halo or at least brighter letters so that it is easy to pick out as I scroll. As it is, you’re just another blogger in the list. Not befitting your status. Maybe do the something for RC, Chart Addict, etc. on their blogs too.

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  13. JakeGint

    Yeah, I really like the “burnished copper” in the new name plate, and especially the subtle shading for depth at the top.

    No accounting for taste, though, especially amongst anonymous pike-tards.

    ____

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  14. Dicey

    Fly – first class job on the site makeover – nice and fast too!

    One gripe: Any reason that the server migration would have blocked mobile access to the site? I suddenly started getting a “banned” message on my iphone when I try to pull it i[.

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  15. The Fly

    So you know, the pattern on the top is from legal tender, a little fyi.

    The header will be back shortly.

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  16. CavemanForecaster

    I like the iBankCoin banner at the top but on my screen the “i” in iBankCoin is slammed right up against the left side of the screen. It looks like it cut cut off. Is that just me?

    And the fun random tag lines under iBankCoin are in so light of color I can barely read it.

    And comments appear to be broke on everyone’s but Fly’s blog.

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  17. Anthony Brown

    “Americans saving money is like a fat kid on a diet, living inside a chocolate cake factory.” -This has got to be your best line of the day, I almost fell out of my chair laughing!

    The more I think about it, if your FTK continues to break down your “emotional capital”, you can always get into standup comedy.

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  18. The Fly

    Mr. Brown

    STFU

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  19. Tradercaddy

    Only a few days left to bid on the Cheeto that looks like Michael Jackson moonwalking.
    Bids are up to $26.00 now.

    http://cgi.ebay.com/The-Cheeto-That-Foretold-Michael-Jacksons-Future_W0QQitemZ290327044439QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item4398d72157&_trksid=p3286.c0.m14&_trkparms=65%3A12|66%3A2|39%3A1|72%3A1205|240%3A1318|301%3A1|293%3A1|294%3A50

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  20. The_Real_Hmmmm

    AMLN finally broke out. Those calls I positioned traded are up close to 150% from last week. Maybe I’ll make a post in PG updating it this weekend.

    Fly, there should be a filter to remove all leveraged etfs from that stocktwits widget. Maybe even index etfs too. Is this possible? Their inclusion dampens the effectiveness of the omniscience the thing provides.

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  21. Braveflaps

    Something happened to Michael Jackson!?!

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  22. Braveflaps

    That mocha-colored mofo still owes me fourteen million dollars!!!

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  23. insidetrader

    fly-the new site looks great-when you become rich and famous- no guest appearances on cnbc -please.

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  24. buycurious

    I think Russell reconstitution has cost FTK over the past 2 weeks. Should rise in July once the overhang has been completely sold today.

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  25. Richy

    Fly can you get a stocktwits widget thingy to filter out some of the wankers on here who spout rubbish all day long?

    Good work with the site, I shall be upgrading from piker pretty soon…..

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  26. AI

    Website looks sweet congrats, the banner doesn’t look cheap at all actually has a fine taste similar to a LV type of shit …. stay classy

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  27. Heckler511

    FTK – “Just another day at the beach”

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  28. BuyOnTheDip

    new site = SIC (sic)

    p.s. FUCK -$ERY!

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  29. Kiwin

    I rescind my comment, but on internet explorer (fucking work computer), your logo has a solid white background, instead of transparent, and looks weird.

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  30. Carylmarx

    buy FTK @ 1.90, sell @ 2.00…repeat….

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  31. GW

    SPXU & UPRO….new fuctarded additions to keep an eye on

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