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

10,000 Apologies

At the close of trade today, I expect to see 10,000 (give or take) apologies emailed to me, from my many detractors aka men of low standing. For months, “The Fly” aka Senor Tropicana has been telling you “we’re going to 10,000.” The same person who brought you “DEATH TO ALL BANKS AND BROKERAGES” and “MAY ALL BEARS DIE SLOWLY,” now brings you “WE’RE GOING TO 10,500, ELSE I WILL SHOOT MYSELF IN THE FACE WITH A HOWITZER.”

There are many similarities between blogging and managing money. For example: most people want to manage money, but, later on, find themselves too stupid to make a living at it. Similarly, lots of people have blogs, but lack the creative fire or passion to make them special. As you know, all too well, Le Fly is a master in the arts of money management and blogging. Many people take wild swings at me, trying to take my crown; but every single one of them miss.

At this stage in the rally, I can only tell you what I am doing: I remain long, with 10% in cash reserves. Thus far, for the day, I sold out of my POSCO (ADR) [[PKX]] position, save a 1,000 share token position, and legged into a 5,000 share lot of Equinix, Inc. [[EQIX]] , north of $97.50.

My top positions include: Flotek Industries, Inc. [[FTK]] , TEKELEC [[TKLC]] , Corning Incorporated [[GLW]] , [[ENTR]] , General Cable Corporation [[BGC]] , Guess?, Inc. [[GES]] , Ceragon Networks Ltd. [[CRNT]] , ADTRAN, Inc. [[ADTN]] , DryShips Inc. [[DRYS]] , Sociedad Quimica y Minera (ADR) [[SQM]] , [[MWW]] , IAC/InterActiveCorp [[IACI]] , Align Technology, Inc. [[ALGN]] , Aracruz Celulose SA (ADR) [[ARA]] , Homex Development Corp. (ADR) [[HXM]] , Teva Pharmaceutical Industries Ltd (ADR) [[TEVA]] , Vimpel-Communications (ADR) [[VIP]] , TriQuint Semiconductor [[TQNT]] , McMoRan Exploration Co. [[MMR]], [[CBD]] and Equinix, Inc. [[EQIX]] .

Now you look at those positions, boy, and tell me what type of day I am having.

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55 comments

  1. jg

    fig

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  2. dumas

    FIG!

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  3. DSB

    +1000 UUP @ 22.42, starter position.

    edit: also sold 2000 AUY @ 12.41, bought 9/8/09 @ 10.55

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  4. TraderCaddy

    Not a FTK’d up day?

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  5. Mr. President

    As I said this morning: I am certain that you are not human.

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  6. Sierra Mtn Water

    URRE

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  7. IShortYouNot

    Long EQIX with you for the $100 pop

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  8. Freddy Fishsticks
    Freddy Fishsticks

    When does the swearing return again?

    10,000 or 10,5?

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  9. Homo Bob

    Wow, what a day. I got stuff busting loose everywhere. $NCS is my only real loser atm.

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  10. Yogi & Boo Boo

    Art kicked down stairs while wearing Dow 10,000 2.0 Hat!

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  11. Pillaging your mom
    Pillaging your mom

    this is why i come here, for stupid profits that you generate and your hilarious banter. my only concern though is what will happen to this blog once THE FLY leaves…… I don’t even waste my time reading the other bloggers….

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  12. MarkVII

    Nice ride to 10k v2.0! Wonder if 10,500 be a hold or upwards revision time? GS pushing for the $200 roll tomorrow with earnings.

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  13. The V.King

    The wise man sees in the misfortune of others what he should avoid…Join the PPT

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  14. TraderCaddy

    Still time to bring INTC negative.
    Ten minutes in Tradebot time is a lifetime for a human.

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  15. DSB

    Wasserstein top?

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  16. so i herd you liek mudkips
    so i herd you liek mudkips

    if we stay above 10K tomorrow, I’ll be convinced and throw in 100% long. currently, there’s way too much bullishness around, I’d be happier with a relatively minor pullback.

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  17. masterpain

    Yeah I will email you with an apology . When DRYS hits 10 {hopefully in my lifetime} it should be right around the time bats fly out of my ass.

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    • TA

      LOL – I’d ask you who shit in your cereal today but obviously it’s all your short positions

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    • The Fly

      Someone has bats in his ass.

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      • The_Real_Hmmmm

        There’s bats in his cavernous ass because of all the bears that have been piling in there.

        DRYS got some waivers on its debt masterpain.

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  18. jcvtwo

    GS will blow away estimates, up we go.

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  19. TheArtist

    anyone buying C in AH for the morning?

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  20. LLCJ

    We’ve seen this movie before…and it ends badly for all participants. Just remember…stair case up, elevator down. And not that many people can fit in the elevator.

    Next levels on the staircase…
    S&P500 1,120
    DOW 10,300

    woo hoo!!

    Your tax dollars at work…too bad you need more of them since they lost 25% in value in the last few years.

    F.T.S.

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    • JakeGint

      Not if you exchanged them for Jacksons, you crying in your beer bearish asshat.

      (This type is prevalent on the Lemming Sites. They admonish those who’ve got great gains in inflated dollars that they must be ruefull, as their dollar is “not worth as much,” whilst their OWN “not worth as much dollars” are exchanged for margin calls and stale bread.)

      _______

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  21. DPeezy

    E: Andrea Doria? Isn’t that the one they did the song about?
    J: Edmund Fitzgerald…
    E: I love Edmund Fitzgerald’s voice.
    J: No…Gordon Lightfoot was the singer. Edmund Fitzgerald was the ship.
    E: I think Gordon Lightfoot was the boat.
    J: [Sarcastic] Yeah, and it was rammed by the Cat Stevens.

    YUSUF!!!

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  22. TA

    Les Grossman is the Fly’s hero

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  23. Tim Knight

    I sould out of my position today of FTK at $2.08. I have loaded my main account with quality longs like CROX and PETS. Great patterns huh? Well, I am about 60% bullish and have shorted gold as my largest position.

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  24. Teahouse On The Tracks
    Teahouse On The Tracks

    On Fast Money during a discussion of when the dow first hit 10k it was mentioned that the song of the day was by the Backstreet Boys ….

    Timmy relayed that he was in puberty at the time (that explains it all – so he’s only about 22 yrs old) and not too worry cause he was “holding his own” …..

    What a douche bag … kick his dumb ass down an elevator shaft, will ya Fly?

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    • JakeGint

      That’s a fuggin lie. He’s older than me, and the Dow didn’t cross 10k til the late 90’s.

      He was late thirties at that point, minimum.

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      • Teahouse On The Tracks
        Teahouse On The Tracks

        eggsactly Jake …. that’s why he’s a dumbass and a douche bag

        He’s so slow he thinks he was going through puberty in 2009 … then again maybe he was just behind schedule and he’s still catching up.

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  25. omfgitsjd

    I think I’ll continue buying into the bull or buying into the bear. All the while knowing I’m skating on thin ice.
    http://www.youtube.com/watch?v=mheRPjt2Qdk

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  26. Po Pimp

    We hit 10,500 I’m buying this out of repo…

    http://tinyurl.com/yg4vtov

    Gold tank from No Limit Records. Fuck any foolz get in my way.

    Wuuurd to your mutha.

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  27. needle dick the bug fucker
    needle dick the bug fucker

    Harris Stratex Networks, Inc. (HSTX)

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  28. Purdy

    While never one of your detractors, congrats on getting the market right. There still seems to be plenty of worry for the market to climb.

    Separately, your blog would be greatly improved if you would get your groupies to stop girling all over themselves to be the first to post “FIG”. No one comes here to read lame ass kissers.

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  29. Bean Counter

    Well said Purdy A lot of ass Kissing in here …..I’ve been following this site for a long time . And I can tell you this for a fact ..When the shit hits the fan All the ass kissers Will change . Its reall kind of sad…..

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  30. Mo the Wiesel

    Now !! Now !! You two guys let the ass kissers do their thing !!
    They re a bunch of douchebags anyway but The Fly enjoys
    giving them milkshakes treats once in a while !!

    Have a beer guys !!

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  31. Alvari40

    We rally through October…..true story.

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