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

FULL STEAM AHEAD!!

Just kidding. I just love to make up insane titles and get people all excited over nothing.

I sold some more Nucor Corporation [[NUE]] and completely eradicated my Vimpel-Communications (ADR) [[VIP]] position. During market uncertainty, the last thing I need is fucking retarded Russian stocks.

Oh, and I’ve been buying 1-2k share blocks of [[TLT]] all morning, under $89.30. I will buy it until I am blue in the face, or until I have my 10%.

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31 comments

  1. Cash Is King

    Anyone ready to jump in the fazmobile right about now?

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  2. jg

    fig

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  3. BernieCornfeld

    You are starting to scare me now! 😮

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  4. mrkcbill

    Admin…Fly….where is Uncle Fucker’s blog? Waz up?

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    • The Fly

      NEW IBC POLICY:

      When a blog is idle or not updated for 3 days plus, goats eat it off the front page. You can still access their stale fucking blogs. However, it shall not be where I can see it any longer.

      As soon as they (yam eaters) update said blogs, it will magically reappear.

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  5. StocksRider

    Given the uncertainties, the theory of more money flowing into quality names or dividend yielding stocks or dividend index funds holds water.

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  6. heaterman

    VHC has some pop left in it.

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    • Dirk Diggler

      This is a coin toss court battle play, win or lose all. I was hoping to buy some back in the low 5’s, but it’s getting away from me and time is running out. I will buy back higher if I have to.

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  7. TheArtist

    reading Ian Gordon?

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  8. Mushroomz

    the market is really getting trashed here

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  9. Purdy

    Long TLT is a bet on deflation …better to short stocks and non-p metals.

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  10. Yes Man

    It feels like the calm before the storm. Good time to have a sandwich.

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  11. SimonThePieman

    Hi Fly.

    You going to give me the cheesy algorithm for the PPT afore i work it out?

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  12. Dayman

    Fly,

    The bearshitter grows inside you…

    It starts with wisely taking profits and calling for a bit of a downturn but before long you will be dressed in burlap galloping through wall street on a donkey screeching about fiat currency and tossing boiled hot dogs at onlookers.

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  13. JakeGint

    You are taking a ten percent position in TLT?

    Really?

    _________________

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  14. monaybot

    I see possible supp 88.2 tlt

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  15. genghis-khan

    “YOU SHOULD BE, for the market is above to go cliff diving into a hot boiling magma.

    j/k or am I?”

    Fly, this is you:

    1. when you’re losing: I’m winning even when I’m losing
    2. when you’re winning: don’t bet against the guy in the time machine
    3. when you don’t know, you say it’ll dive off a cliff, and if it doesn’t, well then you were only joking

    In short, you’re just a momentum trader. Agree?

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