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

Coming Soon to iBankCoin

First name Henry, last name Fool. His blog, which was carved out with the shards from his bones, is set to launch on 10/1.

Additionally, Mr. Woodshedder’s system trading splendor is almost ready for public consumption. This is the type of product that can be sold to wirehouses and hedge funds for millions, yet you ingrates will get it here, for fractions of what you should be paying.

Finally, “The Fly” is looking to hire (that’s right, I fucking pay my bloggers, unlike others) a high quality blogger—a person who knows stocks and can write in english, coherently.

All developing, as always.

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

72 comments

  1. j

    You pay these dudes, Fly. May I ask what were paying Chuck and whether either of you thought there was value for money in that set up. I thought there was. His pics were brilliant.

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    • The Fly

      I rather not say how much. Just know, it is far more than what they would make using adsense or some other bullshit ad service.

      As the site grows, I will pay more. I like money; but I am not cheap.

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      • Jimmy Hill

        Maybe your new blogger could teach you English, then you wouldn’t have to backtrack and pretend your embarrassing grammatical errors were deliberate – all part of your esoteric wit.

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  2. BuffaloUdders

    I am looking forward to Henry’s posts, as I have been enjoying his picks and commentary at the PPT. His time is due and I need to be edumacated.

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    • The Fly

      Henry earned his tab through accomplishments. I am proud of what he has done.

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      • BuffaloUdders

        Shit you have better knowledge then I do – Ive only been a PPT for a week, all the wihle enjoying Henry. It was really his commentary on the main site that made me aware.

        Congrats Henry. Woodshedder, I’m up on your CNO play. Thanks!

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  3. Anton Cigur

    Huzzahs to Henry and Woodshedder.

    Please screen resumes carefully for phrases like “boo-yah” and “buybuybuy”
    to avoid bringing down the quality of financial bloggery in these here parts.

    Cramer has to be looking for a night job by now.

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  4. Q4

    Use Somebody – http://www.youtube.com/watch?v=WuQiBrBD2JE

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  5. lindsay

    Congratulations Henry and Woodshedder! Well deserved

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  6. ChnDragun

    How hard could it be to write a blog full of fuck/shit/cocksuckers/bitches, fungus eaters, etc…?

    lol

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  7. Mo the Wiesel

    Now, now, ChnDraqun do not despair !!!!

    These guys will eventually jump off the cliff !!!

    Have a beer !!

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  8. BxCapricorn

    How DRYS coming along? This site is for entertainment, and red herrings…only. Granted, the market will rise again tomorrow, because TA says it will, but to think that mathematical crowd control earns a person some kind of respect, is laughable. Have you read the average investors “thumb-sucking” message board posts. You’re making money off of the mentally handicapped. I’m not admonishing, I’m actually jealous.

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  9. The Fly

    You are a retarded chimp.

    You pulling DRYS out of the bag is so disingenuous. After a billion winners, you pull the stock that is down slightly, without acknowledging my greatness.

    Mark my words: I will make money on DRYS and you will go fuck yourself stupid.

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    • JakeGint

      Ahem — I just checked our site bylaws and you just violated Rule 6 b) iii) —

      Never respond to trolls who incorporate their astrological sign into their screen names and/or avatars.

      That’ll be a $6 fine, and $1305.65 in “court costs.”

      _________

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    • masterpain

      How abjectable moronic DRYS hahah

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  10. The Fly

    Oh, and your blog, it doesn’t even qualify for 3rd tier. Those who live in glass homes shall not….

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    • JakeGint

      Hmmm… just checked it out and I assume he’s waiting for my next post to rip me off for some new material again.

      Hey Goat Sign — at least change the header’s for Gawd’s sake, huh?? Or is it really “all about the dollar?”

      (Flaccid piker.)

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  11. The Fly

    I WILL MASSACRE YOU FUCKERS.

    Go ahead, try to say I only make money because the market goes up. Check my posts from ’08 and see how I fucking nailed the bear dive, like no one else.

    DO IT. DO IT. DO IT.

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    • ChnDragun

      I never doubted anyone on iBC for a second. Otherwise, i wouldn’t have joined PPT.

      As for whoever doubted you, well, you don’t need to let them get to you. I believe your track record speaks for itself.

      Relax bro, I was messing around.

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  12. Longhorn

    Fly,

    If I may respectfully say so, when I first came to this site your blog was the one which I was learning the most from. But now not so much anymore.

    How about telling us what you look for in a company before buying, more fundamental shit
    Not a fucking essay, but some debt, P/E ratio, earnings – talk

    Give a man a fish or teach a man to fish type thing.

    I wouldn’t ask someone to change who they are to please others, but some more insight would be helpful.

    Thanks

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    • ChnDragun

      I agree.

      I feel that PPT is a powerful tool. But without the knowledge or training, it’s but a piano lying there collecting dust to a newbie.

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      • The Fly

        Chn

        If you have any noob questions, feel free to ask them in PPT.

        Generally speaking, you should know the basics, before investing. If not, you might want to read up first.

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      • The Fly

        For starters, sift through my screens and watchlists, all avail to public. And, frequent the user notes section for RT trades.

        As for fundies:

        Quite honestly, the market is not running on fundies now. Therefore, there is no need to stress those points. All momo.

        Get it?

        Good.

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        • ChnDragun

          Thanks man. I don’t intend to trade for another month but will be lounging around PPT to learn more. This way, I can also build up some capital as well before proceeding.

          I’ll post in the PPT now to ask about the hybrids.

          The point of my joining PPT was not to mimic your trades but to learn from those trades so that I don’t have to follow you. so I can be independent. that’s all i want.

          Thanks

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    • The Fly

      Long

      I would; but it ‘s a waste of time in this market. I tell you what you need to know. Right now, the market is in melt up mode. There are plenty of resources out there for you to learn the basics. I am not a rookie and do not wish to teach noobs, respectfully.

      This is advanced trading, son— not your run of the mill voodoo witchcraft, chart comping bullshit, best read elsewhere.

      The point I want to make, and I do it daily, think less, have bigger balls.

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    • TA

      Hindsight fundamentals are useless as is brain dead technical analysis when applied on it’s own.

      The most powerful skill you can learn is tape reading and the Fly is a master at it. One could call it the source of his winmanship. Watch why the Fly does what he does and when based on what the market is doing at the time. He’s attached to nothing except money and will flip on a dime if the market sentiment changes.

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      • JakeGint

        He’s attached to nothing except money and Flyteck, which changed names when he acquired that controlling stake a month or so back.

        __________

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  13. RC

    Henry is the real deal, congrats on the tab, well deserved!

    oh, and, DRYS to $10

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  14. Kenai

    I look forward to reading your blog Henry. Congrats!

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  15. Sierra Mtn Investor
    Sierra Mtn Investor

    FIG!

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  16. The_Real_Hmmm

    Chuck’s blog was subway graffiti in an Asian massage parlor, whereas Henry seems more like cocktail napkin scribble from the Bluetooth earpiece guy at the mahogany-built bar.

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  17. jhroac02

    as someone who invest for people for a living and also reads this blog, i find the fly very on point. For you to come here and try to learn how to invest, i think is plan stupid. i mean read a book for god sake, this is a day trading site that looks for volume, but at the same time looks a bit long term on things apple related and mww as people and companies hire more

    also take Drys for an example. while i am someone who likes FRO bc of oil shipments, i understand your point here. i mean long term you cant go wrong with DRYS. As the economy gets better people will ship more things like coal and everything else that they ship. since this is the case, Drys will go up from here and do very well. also look at its all time , while its never an indication of future gains, it does tell you where it might go

    to end , thanks

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  18. j

    Knight watchman and the case of the black knight getting a black eye.

    Timmy hasn’t got much to say about the market these days other than moaning, dishonestly citing his results year to date, grovelling to his readership hoping they’ll stay, blaming the rally on the bulls, blaming the rally on a looks challenged English singer, making appalling references to fundamentals and recently moderating or deleting comments at the site that criticize his shockingly bad market views.

    Today he’s trying something new. He’s asking his loser comrades to think what the US would be like if the Dow hit 6000 and stayed there. He doesn’t want pitchforks in the streets type comments, oh no sireee. He wants “intelligent” comments from an audience that shows about equal mental abilities as an any liberal arts undergrad (actually even worse) with a pass fail grade average.

    Here’s my honest suggestion. He should close the site down and call it quits as you just can’t lie your way out a 60% bad call. Am I being too harsh?

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  19. j

    Sept. 29 (Bloomberg) — Japan’s consumer prices fell the most in at least 38 years in August, heightening the risk that prolonged deflation may hamper the country’s recovery from its deepest postwar recession.

    Prices excluding fresh food slid 2.4 percent from a year earlier, topping July’s 2.2 percent decline, the statistics bureau said today in Tokyo. The drop, the sharpest since the survey began in 1971, matched economists’ estimates.

    Companies from Fast Retailing Co. to Sony Corp. are lowering prices to attract consumers who face record unemployment and plunging wages. A return to the deflation that the economy only shook off in 2005 may weigh on growth as consumers and companies cut back spending in anticipation that prices will keep falling.

    Honestly this place is about to implode. They really have no fucking idea what to do. The new government has been in for a month now and during that time the fucking idiot Fin min was talking the Yen up and consequently its strengthened 11% since then adding to the death spiral.

    You just want to shake these idiots. The Yen needs to be at at around 130- 150 for an extended period of time and they need to QE in industrial size. This is becoming a death spiral.

    Americans are worried about their governments debt to GDP ration of around 60%. Japan’s is 200%!!!! and they have deflation.

    I can’t believe what I’m watching here.

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    • JakeGint

      Maybe they’ve got some nefarious plan about buying themselves out of their horrible demographics?

      You know, allow their currency to appreciate against the dollar (off of which the Yuan is pegged) and then leverage up Sony, Toyota and Mitsubishi to make a hostile offer for Southern China or something?

      Or at least it’s populace?

      __________

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  20. Yogi & Boo Boo

    Maybe I can beat a dead horse a bit more. No, I won’t take a swing at Knight Watchman. it’s about iBankCoin’s audience.

    ibankCoin is where one goes to get their PhD in trading. If you are just starting out and find your way here you will learn much, but it will be like trying to do General Relativity without having Calculus.

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  21. j

    I agree. I really don’t think IBC is the place to learn how to trade, Yogi. Everyone here seems pretty switched on and missing a limb or two from previous battles. This is the hardened traders site. In prison parlance it would be where all the hardened criminals hang out 🙂

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  22. Yogi & Boo Boo

    Perfect analogy.

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  23. dave

    SQNM up 13% in Premarket

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  24. Docsparks

    I can’t agree with that – I think there’s a ton here for novices – god forbid they nipple latch onto Seeking Alpha or some other site that only turns one way. They could do far, far worse. Newbies may just be reasonable and watch and learn for a while, and iBC is one hell of a school.

    You guys have the best overall sense of the market I’ve found (and I looked a lot) – love the fact iBC is market bias neutral and while respecting charting, not crapping that wave stuff all over the place. I mean, I’ve seen blogs where they call the market turn on the quarter point – WTF is that all about? They are never right, and spend countless posts explaining the “variance” Fucking brainiac nimwits.

    The problem I imagine is with the kind of folks that buy any ticker posted here without trying to figure it out – but they were going to do that anyway – even if cramer told them to buybuybuy or short the world at 1017 on the S & P.

    Enough massage, I posted some biotech sparklers and initial rationale over on Jake’s tab. HLCS forever baby. DVAX, NVAX, not so much – well, until yesterday.

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  25. j

    yea Doc. Great comment. You’re right, there’s a lot of stuff here for new guys and they shouldn’t be afraid to post a comment etc. or ask a question.

    The only thing you can ever hope for is getting the general broad direction of the market right and then create a theme in terms of what that means for sectors and then individual stocks. The quarter point stuff is laughable bullshit.

    It’s actually the best site in the market by far. And it’s also fun too with lots of funny shit.

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  26. franky

    i fucking love this site. i can bank coin, laugh my ass off, and pull in 360 perspectives on the market. if i can’t make money, its my own damn fault… can’t wait for Henry’s blog and Woodshedder’s prem. FIG and all of that

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  27. gappingandyapping

    Happy to see henry finally getting a blog, the guy is a biotech master.

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  28. Barack Obama

    All you have to do is watch the Price/Profits ratio and calibrate yo words carefully and…….hope.

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  29. henryfool

    CBAK add @ 4.20

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  30. 1option

    Look for a continued breakout in NPHC today.

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  31. j

    Fly made a very insightful comment in what I call his pigs fly post:

    IPO’s, Deals, Toxic Assets and How it Pertains to You

    It was:

    With rates at zero, investors are buying up toxic assets. That’s right. There is demand everywhere. Do not be surprised, sometime soon, to hear of “mark-ups” reported by our dumbest banks.

    If we start hearing shit like this banks will head to Pluto and beyond our solar system at light speed. The market isn’t really prepared for this shock and it would be a real freaking shock to the system.

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  32. henryfool

    ABAT add too

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  33. j

    if anyone is a long term investor and doesn’t have Boeing they should be up on felony charges. No seriously any long term investor not in Boeing should be sent to Gitmo and face investor terrorism charges.

    Despite all the problems the firm has had with the 787, airlines have only canceled 6% of their orders (850 planes on order) and the reason is the that plane will offer some incredible strategic advantages.

    And the market? over the next 20 years the Asian market will be astronomically huge.

    http://www.forbes.com/forbes/2009/0803/travel-airplanes-boeing-not-grounded.html

    This says what i have been thinking all along.

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  34. RaznCane

    WNR Downgraded from “Buy” to “Hold” by Soleil. Down alomost 5% on the news. May be a good dip buy in the low 6’s

    Congrats HF and Wood- you deserve the riches paid by iBC 😉

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  35. Yogi and Boo Boo

    Doc – You’re spot on. I guess I should have chosen my words much more carefully. While I’m working on my “trading PhD”, I hope to be able to contribute some posts to the PG that will help out some of the beginners.

    BTW are you still hot on ILI ?

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    • Docsparks

      Crap, we’ve all dealt with folks that will do the “wrong” thing no matter what. To me day trading seems like speed chess while overall trading compares well to handgun safety – don’t make it too complicated and practice as often as you can.

      I like ILI as pure spec – but we’re going to see a ton of these customized genetic tests coming – and it’s all cash. I don’t know if ILI will be a homer or not, but when it comes to dieting (sex and money too), people will try anything and spend fortunes, as late night cable is my witness.

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  36. j

    Doc

    You wanna expand on this a little please:

    “I like ILI as pure spec – but we’re going to see a ton of these customized genetic tests coming – and it’s all cash.”

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    • Docsparks

      No FDA approval required – people who can afford the tests will get them regardless if insurance companies ever decide or are forced to cover them. Open door for private companies, docs, anyone to offer them.

      Fat folks want to know what they can eat.

      How much would you pay to have a test to learn if you’re at risk for early heart disease and would benefit from a special diet and cholesterol reducing drug, as well as early checkups?

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  37. Cash-N-Guns

    mentioned this one yesterday…CLDX

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