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
23,447 Blog Posts

Chalk Up Another Win For the Good Guys

The evil, progress minded, bulls were defeated today, amidst heavy selling in the banks and CRE names. The dark forces of Goldman Sachs Group, Inc. [[GS]] , Lloyds TSB Group plc (ADR) [[LYG]] and SL Green Realty Corp. [[SLG]] were tossed into garbage dumps, thanks in large part to more sellers than buyers—a fascinating paradigm.

I am sure the charts spell doom for the retail investor, who inadvertently, are being “nose grabbed” by low-level series 7 hacks.

“The Fly” took a few uppercuts to the scrotum today. However, the damage inflicted upon my “ball sets” was only half as bad as what the 100% long crowd received today. With that in mind, I am the fuck out of here.

If you enjoy the content at iBankCoin, please follow us on Twitter

61 comments

  1. ZenProfit

    Fly:

    Your “ball sets” have been inoculated with the FTK anti virus. You will never feel pain again.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Goin'Fawr

      Sometimes I really wish IBankcoin still had the ‘dichromatic phalange’…

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  2. redvetttes

    fly
    this says it all (check it out

    http://evilspeculator.com/wp-content/uploads/2009/08/bear_attack_cramer2.jpg

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. TraderCaddy

    Yes, Flotek them.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. dubz

    Flotek = Fuck.

    Flotek you, go flotek yourself, my portfolio got flotek’d, what the flotek etc…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. Gordon Geico

    The Fly says he is out of here. Out of where? A nondescript reinforced bunker beneath an anonymous brick office building somewhere? Fly can withstand this angst better than the average investor.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Cash-N-Guns

    Fly…so you are a bear now again..after chastising me last week for building short positions…odd no..!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Ring

    FLy,Are you holding FTK????? got it @ 1.77…still holding….planing to add more @ 1.2(if i can get over there)…..

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. mrkcbill

    M&S Grill / Mcormick Schmidt [sic] makes the best Arnie Palmer. I’m sure they put in a little more Palmer than Arnold. You can also have them add a little Vodka for a John Daly.

    Main St. still blows chunks ……as Joe Dockers is broken and nervous.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Kid Level Urinal
    Kid Level Urinal

    Fly, this is your favorite urinal speaking. It’s fair to say that even a 50% long position, at this point in the proceedings, will be worse than a Holyfield-esque speed-bagging of your scrotum. How much more can you wring out of this?

    I fear that by Labor Day, you will have your balls gored out by a swarm of rabid bats, each one taylor fit with a mini Viking helmet with “Ginsu sharp” horns…good day to you sir.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. Pedro

    These godamn banks have more fuckery to engage in.

    For some reason, people keep forgetting this.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. Woodshedder

    WTFTK? Only 15 comments on this fucking thread? Holy shit, you fuckers better put down your pumper nickle and tongue and leave a fucking comment!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. The_Real_Hmmm

    I got something especially for you and Karl over here, Wood. I saw this video of Goldman Sachs trader bots at the opening bell throwing analyst reports and trade ideas to retail investors. Fast forward to 1:00.

    http://www.youtube.com/watch?v=xP_oS-gqYQU

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. The Fly

    lol @ zombie king

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. dave

    Feed the GS hole.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. TheArtist

    what the fuck have you people done to the markets whilst I’ve been gone?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. akflyer

    The Fly is getting too bearish for my taste. I think he is wrong on this one, for this week anyway.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. July 30, 2009

    Wow, what a great short on HD. I am getting in on that for sure. Shorting at the open around 27.10

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. j

    30:

    Any religious holidays we should be aware of that will have an effect on the market? Anything in the Jewish, Christian or Muslim calendar that my cause rain or shine?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • July 30, 2009

      yes, the next significant day will be September 19th. It is a holiday in both Judaism and Islam. Laugh all you want. And please, make sure to be 200% long on Friday the 18th. I would love to laugh in your face when it gets ripped off.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • j

        30:

        Dude I’m not laughing at you at all. I’ve seen worse example of things people use to anchor their predictions. For instance:

        http://slopeofhope.com/2009/08/fib-arcs-on-sp-500.html

        After your famous we’re going to “crash on July 30th” routine and the market went up 80 odd points devildog style, anything is possible.

        Anyhow religious holidays are as good as anything else to use as indicators if you don’t know much.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • July 30, 2009

          Predictions are not easy to make. I will say that short HD is a virtual guarantee though. It put in an island reversal yesterday after a huge run-up. I am in it at 27.10.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  19. Cash-N-Guns

    mkt feels like one of my ex’s..ready to go down at any moment…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. j

    Is the street fucked in the head or what. There are some people decrying the fact that housing starts were less than expected. WTF. If there’s a surplus in housing why would you want high numbers in housing stats to add to the glut.

    The PPI feel because of a slight drop in food and energy prices. Isn’t that a good thing?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. HenryFool

    anyone get in on RTK like I said too?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. HenryFool

    I’m still buying!! 1.58

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. TheArtist

    check out AXL again…….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. j

    Henry

    Is this you on the google chat board?

    Gbaba
    View profile
    I am so pissed I didnt buy more yesterday. Didnt have the monies laying around but should have sold other positions to load up. On Aug 18, 8:12 am, billionaire wrote: –

    http://finance.google.com/group/google.finance.659209/browse_thread/thread/d52beffe3f107253

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. TraderCaddy

    Maybe Hurricane Bill will chase the hoity toity and the hoi poloi off the Hamptons.
    It will cancel their polo matches.
    Yes, I know about those people as my wife likes to watch The Housewives of NYC and NYC Prep.
    This market is a big 0.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. Mr. Cain Thaler

    Shorted more NOV at $35.85.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. July 30, 2009

    For those of you that didn’t get short HD at the open, you can do it now at $27. What a beautiful chart.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Yogi & Boo Boo

      Do you short guys have a death wish? What the FTK is the rush to go short? I don’t FTKing get it. Why don’t you wait? What will you miss? a couple of points? Quit making predictions. No one can predict the future. As Joe FTK’ing Strummer said. “The Future is FTKing Unwritten”…

      There I feel better now. Good day sir.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  28. HenryFool

    buy 25,000 BDCO @ .44

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • HenryFool

      Get your Hurricane stocks!!! Cold based-out Hurricane stocks!! Getem’ while dare cold!!!

      Get your Hurricane stocks!!! Cold based-out Hurricane stocks!! Getem’ while dare cold!!!

      Cheap pieces of penny crap!!
      Get em while there cold!!

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • HenryFool

        Don’t wait for disaster to strike! Bet on it!

        Rage Cage! You know I kid, I hope. I’d rather lose money than see disaster…. I think

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • dubz

          Not so sure about that one.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • HenryFool

            I hear ya, but I like to be in before a move and not after. I like to buy shit when I know it’s shit and watch and see if it runs.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • dubz

            Indeed, and I follow what you do, seems like you hit the nail more often then not.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
  29. mrkcbill

    Snowing in Colo Springs Today

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  30. Cash-N-Guns

    ARIA…ready..?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  31. Cash-N-Guns

    CTIC..close..!

    • 0
    • 0
    • 0 Deem this to be "Fake News"