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
23,443 Blog Posts

UPDATED: CAVEMAN RALLY

We are enjoying an oversold bounce. But, in my estimation, there is more downside, in the near term, than up. Overall credit conditions are still good, as evidenced by [[LQD]] and [[JNK]] . However, trading stocks is more of a crystal ball activity, not reading the latest headlines—if you know what I mean.

If you are still heavily long, please, on Salomon’s eyes, raise cash.

Separately, the refiners are looking attractive again, heading into driving season. In that space, Tesoro Corporation [[TSO]] and Holly Corporation [[HOC]] are your best horses.

As for me, well, I will simply pass the time, kicking back in my southern hillbilly made rocking chair, reading newspapers, while sipping ever so gingerly on a nice cool glass of lemonade—not too sweet ya hear. My next move will be to go long [[VXX]] , as I further entwine myself in the business of betting on lower stock prices. One step at a time, young man. One motherfucking step—little leech.

[youtube:http://www.youtube.com/watch?v=kqXSBe-qMGo 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

33 comments

  1. Cash Is King

    Ready for the FAZmobile as well.

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  2. Cash Is King

    I say we reverse hard in 5 min.

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  3. Fig

    Fly, what are your thoughts on GHM?

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  4. xxxHuggieBearxxx

    I do not like the sound of this

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    • mrsbuttons

      when I hear that Van Morrison song I see goofy Julia Roberts dancing around in dorky costumes from that movie about a crazy Pimco haired husband that was shot like a hallmark card. But even if I didn’t see the movie I’d still hate the song..Stick to Moondance or that delightful crumpet of a tune King Harvest Dancing in the Moonlight -I know the guy that wrote it so throw some money his way okay?

      We wolves love the moon.

      http://www.youtube.com/watch?v=hMc8naeeSS8

      hey was I supposed to buy BUCY yesterday?

      Cuz I did…fly was all orgasmo over it – I couldn’t stop myself.

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  5. Phil_from_Brazil

    Starting up the FAZmobile. Engines, check. Jet propulsion system, check. Turning the ignition….

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  6. Yes Man

    Get your burlap ready

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  7. ecchymosis

    I upholstered my Fazmobile WITH burlap!

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    • Fleeced

      As usual, Republicans AGAINST anything that keeps the average Joe from
      getting screwed by Big Finance.

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      • Mr. Cain Thaler

        As usual, anti-short selling conspiracy theorists abounding while assailing political ideologies.

        Fuck Average Joe, a lag rule to prevent short selling is only going to drag out a correction; moreover, if people are willing to loan the securities, then let the shorting commence.

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      • Jakegint

        Somebody missed the “no whining” sign at the entrance to this site.

        But allow me to query: is it that you are too stupid, or do you just believe everyone else is?

        ___

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    • Purdy

      Dude, restrictions on short selling HURT the little guy who is trading his own acct from his PC. The big guys who are on the floor, making a market, trading derivatives; they won’t miss a beat. Thank god the idiot Dems didn’t fully bring back the uptick rule.

      Sorry, this was meant as a response to Fleeced.

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  8. BIG BRAIN

    If the Spam protection math question had some calculus, maybe there wouldn’t be so many idiots on this site!

    Spam protection: Find the values of A and B so that function f defined by

    f(x) = 2 x 2 for x 2

    is differentiable at x = 2.

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    • TA

      The spam protection fails on the BB Opera Mini everytime but works fine in the default BB browser.
      Not sure it’s really browser specific or not.

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  9. BernieCornfeld

    I am not even going to try and guess what this is about!

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  10. TMoe

    TMoe buys INFA @ 25.52

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  11. TMoe

    The volume sucks ass. As with other melt ups the volume is weak.

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  12. lindsay

    Fly- haven’t been able to reach Jeremy by phone or email today and can’t access PPT today as it’s waiting on
    PayPal subscription renewal to clear- just need an email w some work around so I can get back in–
    thx so much

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  13. TheArtist

    I can’t take this yota shit any more, I’m switching over to the History channel.

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  14. Ross

    Le Fly, from which corner of the globe will the black smoke emanate?

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  15. Tradingfrog

    Mr. Fly, So sorry you’re sipping lemonade and not coffee.

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  16. Purdy

    Time to buy MOS on half way back from recent high to low. Food fad to continue.

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  17. monaybot

    FLY

    what ya think bout’ PCLN?

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  18. Purdy

    True story:

    Years ago I had a Toyota that randomly took a left turn out of the bar that I had been at all night and accelerated down a railroad track during a snowstorm. The cops came, halted the oncoming freight train, and had my car towed. Toyotas are dangerous.

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  19. TMoe

    This clown show on CNBC is proof that we have nothing but dumb asses in congress. They are fools asking the dumbest questions

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