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
23,466 Blog Posts

MARKET CRASHES TO THE TUNE OF 0.5%

Fuck China and their stupid stock exchange. I will start following China’s lead, once I am the proud owner of a Nike sweat shop. Until that happens, which is inevitable, “The Fly” will bet against the ham and eggers, who find themselves long assholish amounts of [[FAZ]] .

Aside from my opinions, you need to pay attention to your own feelings. If a stock “feels” bad, dump it. Throw it into a bonfire and walk away. The problem with trying to wait out a stubborn market is the prospect that it can destroy you. Slow drip markets, like this one, will massacre your checking accounts and send you and your family into soup kitchens. Remember, stocks are for asshats. Just because you have been moderately successful in sucker punching Mother Market, don”t think she won’t cut your balls off the next time she catches you.

With that in mind, I sold out of my Level 3 Communications, Inc. [[LVLT]] position today, despite liking the long term fundamentals. It felt like shit; therefore, I flushed it.

As you know, I added to my Sonus Networks, Inc. [[SONS]] position, which at the moment, is the #1 recommendation from the shadow on the wall— near my favorite urinal. That guy is on fucking fire.

Finally, I hate Flotek Industries, Inc. [[FTK]] and wish death upon the person who invented that bastard of a company. If I could go back in time, which I most certainly can, I’d throw the fetus of the future founder of Flotek, into a pile of knife wielding Jack in the Boxes.

UPDATE: As you’ve probably noticed, we’ve placed “hover charts” on ticker symbols throughout the site. Needless to say, they’re fucking boss; but in order to take advantage of this great new functionality, you must (regrettably) install MSFT’s Silverlight platform.

Good news is, it’s free, easy to install (http://www.microsoft.com/silverlight/get-started/install/default.aspx), and works with all modern browsers. [Note: by “modern,” I do not mean Lynx and its ilk. If you’re one of the dishonourable ingrates who enjoys this Godly site via the rustic charm of a UNIX shell, know that, from this moment on, you and your (immediate) family are BANNED FOR LIFE from iBankCoin. Good day.] If you enjoy the content at iBankCoin, please follow us on Twitter

33 comments

  1. TA

    That motherfucking FTK needs to be sold like a $2 hooker

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    • Po Pimp

      *** FTK needs to be sold like a $2 hooker ***

      I bet all you asshats wish you could get 2.00 for that POS.

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  2. sensitivity training
    sensitivity training

    If a stocks “feels” bad, dump it. Excellent trading system. and you knock the chart readers. Too funny.

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    • The Fly

      Trading cannot be perfected via your retarded charts. It is an art. You Sir are NO artist.

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    • akflyer

      Silverlight charts are a great aid. Also I agree to dump when a stock does not feel right. Why wait for the charts to right themselves whene there are other fish in the sea.

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  3. sensitivity training
    sensitivity training

    Correct, Starving Ar-teast I am not.

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  4. DrewDog

    Fly, take a look at Jetblue – could make a run…

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  5. Manuelstop

    Last paragraph; come on boss…why are you holding back here?
    LMFAO

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  6. Lynx Guy

    Lynx fucking OWNS. No bullshit graphics, just text.

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    • Flux Capacitor

      Lynx kicks ass!

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    • Un1x g3u53w

      There is no way in hell that Micro$oft bullshit is going to work on my 386 even WITH a math co-processor! I will stick to lynx and keyboard commands. Good day to you, Nerd.

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  7. becauseiknow

    any thoughts on SVA?

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  8. 308

    MEE upgrade to BUY at UBS just a bit ago (after hourz)

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  9. TA

    Love the Silverlight charts BTW

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  10. 308

    and Citigroup just raised INTC target to $25 a sec ago… for you after hourzers..

    We are increasing our estimates on Intel: 2009/10/11 sales
    to $33.4B/$36.8B/$39.4B from $32.6B/$35.7B/$38.7B, EPS to
    $0.59/$1.30/$1.50 from $0.54/$1.23/$1.46. We increase our target to $25–
    Intel remains one of our top ideas. from US$23.00

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    • TraderCaddy

      Thanks for the good info.
      Perhaps this explains why INTC acted well today, not that any firm would front run news.

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  11. The Zombie

    The Fly is God.

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  12. Polar Bear

    Silver light rocks!

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  13. mrkcbill

    Great Wrap Fly.

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  14. arch

    just installed that silver light thing ..pretty cool

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  15. mrkcbill

    Fly, I installed silverlight and it took me right into the PPT web site for FREE. Odd No?

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  16. Big Mike

    The Fly has a boss? Oh my…

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  17. TheArtist

    maybe soon Fly you can have stock symbols us Pikers write here in the comments section have the link active and the rollover silverlight work here as well as up top?

    just an idea.

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  18. 308

    more Citigroup stuffs tonight/now:

    Aerospace & Defense: Changing Formation:

    Upgrade LMT to Buy raising the price target to $90 from
    $78

    Lower RTN to Hold

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  19. Jed

    mrkcbill is a real fan of Macaulay Culkin who was real close to Michael Jackson.

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  20. TheTruthTrader@blogspot.com

    It’s a biotech party…..SQNM, SVA, CPRX…..get your groove on, swing with the drug companies.

    thetruthtrader.blogspot.com

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  21. mrkcbill

    Jed, likes to start his day with a slim-fast vanilla milkshake.

    “Bacon Is Good For Me”
    http://thedanzatap.com/?p=8766

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  22. dave

    BJ Services – {snickers like a perv trying to catch a twelve year old}

    http://marketprognosticator.blogspot.com/2009/08/bj-services-take-under.html

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  23. Hawaii Five O

    Fly,

    New functionality of charts on symbols is very boss. Good addition to the site!

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