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

Get Ready to Lose Again

Just like fake moon landings, the bears are delusional in thinking their prospects for making money are increasing, with time, as we head into the “fuck you, you’re dead” part of the year (October). So you know, “The Fly” bought more stock today, into weakness, effectively reducing his cash position to about 30%.

There isn’t much to say, other than, I will win again.

My game plan is simple:

Be patient. Buy small, even on spikes. I will tip toe through October and ROAR into November with my fucking guns cocked, aiming for asshole “turkey bears.”

Off to dinner.

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44 comments

  1. Art Vandelay

    Mother market is about to cut the Fly’s microscopic testicles off of his toothpick sized pecker!

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  2. ChnDragun

    Following your lead religiously but on my own terms.

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  3. Mo the Wiesel

    Art,
    This guy reminds me of a chicken whose head has been wripped off, and his body let loose to dance in a graveyard !!!

    Have a beer Art !!

    Mo

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  4. The Fly

    COMING SOON TO iBC:

    THE REAL COACH COFFEE

    Yes, I really did find him.

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  5. logicalthought

    >>I will tip toe through October and ROAR into November with my fucking guns cocked, aiming for asshole “turkey bears.”<<

    I’ll throw you a few bucks when I see you working the Salvation Army kettle in December.

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    • JakeGint

      Yeah, you do that.

      FYI — those are volunteers, Scrooge-like asshat.

      __________

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      • Yogi & Boo Boo

        Why do all these Scrooge-holes congregate here? It makes me ill.

        Hey Scrooge-hole, maybe if you traded a bit better you could afford to put more than a few bucks in the kettle. Geeze, that pisses me off.

        You know on second thought, if you put more in the kettle, you WOULD trade better.

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      • logicalthought

        Of COURSE they’re volunteers… Anyone long this market from here on in is obviously too dumb to hold down a PAYING job.

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    • Robb

      Now that was funny! LOL

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  6. carsony

    fly great call on this sell off—your time machine is really acurate. Thanks!

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  7. JakeGint

    I will agree… there is a great correlation with the delusional rantings of the Bear-Lemming blogs and the Lunar Deniers.

    Coincidentally, most also voted for Jobama.

    _________

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  8. smurf

    I’m short and bearish but am actually rooting for the the Fly, who, besides being the most entertaining trading writer (it’s not close), is also the most insightful (not close here either.)

    If he’s right, I will have lost money but will have witnessed genius.

    —-
    For those interested, the famous Paul Tudor Jones video is back up on youtube. Search for “Trader Paul Tudor Jones”. Very entertaining stuff, right down to Jones putting on “lucky shoes” for a rally.

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  9. Itchy & Scratchy
    Itchy & Scratchy

    What, Smurf? You mean you do not wear lucky shoes? So you’re the reason we’re not rallying.

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  10. Mr. President

    This is so comical! Where the hell were all the Osos when we were rallying in epic fashion? Hibernating? Go back through the archives & watch how they poke their little heads out when there are more than 2 down days in a row.

    The bears’ conviction and gumption grows in turbulent times and they flood the board as if there were salmon at this blog, swimming upstream. But for the last…how many weeks…you have been missing. You have been hitting the “PANIC COVER” button and complaining to your wives at the end of the day about how stressful work has been…when the truth is, your unease was a result of your gambling your nest egg, which is now a smaller, robin-sized egg, on the “inevitable downside”.

    Don’t hate The Fly because of his victories. Learn from him.

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  11. Dopes with No Hope
    Dopes with No Hope

    If you want to throw up in your mouth go read some of the retarded delusional comments at TIM’s gay bar tonight. Those maladjusted dimwits are really in need professional help. No actually they are beyond help. Natural born losers.

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    • TA

      Few if any have the ability to get laid let alone with someone from the opposite sex

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    • StockPickingChicken

      I’m not sure which is a better use of my time.

      Choice #1: Reading SlopeofDope and all the Haterz who want the market to collapse; thus disabling most hard working Americans so they can make a buck…

      Or

      Choice #2: Reading 25 Things You Didn’t Know About Me from my 5000 or so Facebook friends.

      Tough choices ahead.

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    • j

      you just want to vomit.

      Jack [Moderator] 7 hours ago
      Wow, great bar.
      Flag

      Tim Knight [Moderator] 7 hours ago in reply to springheel_jack
      I’m glad you like it; it cost me a fortune to have it ready for you guys.

      It’s really creepy shit.

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      • Dopes with No Hope
        Dopes with No Hope

        Creepy is an understatement. It makes my skin crawl just reading it. I can’t decide whether they are mentally ill or just have the IQ’s of a 5 year old, playing with their virtual friends in their imaginary gay bar drinking imaginary drinks and fantasizing about financial Armageddon. It’s like Norman Bates mated with Elmo to produce those immature and twisted freaks of nature.

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        • j

          It’s true.

          It’s one thing to be bearish. It’s another to be dreaming about the collapse of the nation and feel great about it over drink in an imaginary bar. Fucking nihilistic fucks.

          Even the Dveil dog wasn’t like that. He hated the system etc. and wants to see a change. These fuckers want to see the entire fucking thing fall down so they can feel good about money. It’s pretty sick stuff.

          Again I’m not suggesting in any way that there’s anything wrong with trading bearishly, but these fuckers are different. It’s sick.

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  12. Trader Bob

    Flysack,
    Haven’t visited the site in months because you’re sackless. Cramer trained and owned. I wish you the best in the dis-information business. I own you.

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  13. Mr. President

    HAHAHAHAAAA!!!!
    These remarks have had me laughing out loud all night!

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  14. StockPickingChicken

    The last time I saw so many negative comments on iBankCoin was March 8, 2009.

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  15. ChnDragun

    Why you keep getting trolls on your site fly?

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    • Jakegint

      Rule of thumb: measure a sight’s poularity by the number of trolls it attracts.

      __

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      • Grammar troll

        Site, Jace, site! 🙂

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      • Robb

        But this site is not popular at all! By contrast Slope of Hope has much less trollage but much more views and traffic than i bank coin! (maybe its your name as i bank coin is the dumbest name ive come by on the net so far). What does it say about your efforts with this site?

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        • DMG

          Dickface says what?

          ” Robb says:
          October 4, 2009 at 10:54 am
          Large Gap DOWN monday morning coming.”

          Move along…

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  16. nncoco

    Sold all longs last week and shorts are up 12% this week. I have not timed a top perfectly before so I am getting emotionally prepared for the gap up on Monday that is going to bring me back to the market reality I am accustomed to.

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    • Schneidehouse

      There will probably be a short run-up next week, but your call is correct.

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  17. Septic Tanker

    Derrick mudda fuckin Rose

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  18. noodleboy

    You think a good day trading blog would fit in around here?

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  19. Carson

    Life is good because I’m following the fly 🙂

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  20. Steve Place

    I just sent your mom a summons.

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