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
23,442 Blog Posts

April Fool’s Day!

I got you guys with the black smoke, didn’t I?

PFFFFFFFFFFFFFFFFFFFFFFFF

We do nothing but go up. Proceed with your exotic lifestyle and decadent lunches.

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35 comments

  1. Mike

    ur confused MR fly, u’ve been wrong for quite a while now

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  2. jobo

    FIG. FTK!

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  3. panamaorange

    Jobs # good—Oil crashes

    Jobs # bad– Oil Crashes

    Oil crashes–and these EEM and EFA double tops provide the hammer of death to most 401k managers.

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  4. Salty Nuts

    If you were Short FTK you just FTK’ed.

    Nice play Senor Fly. It will be $3.

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  5. Drewdog

    Fly,

    I know you’re not keen on providing time frames for your investments, however, you think FTK will be $3 in near future? What makes you so sure?

    Thanks

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  6. The_Real_Hmmm

    I still think ANF and TRLG are overextended here. They’re hitting 52-wk highs and are up 60% from mid-Feb. I know retail has been on fire as of late but those two have gone parabolic. ANF isn’t very strong in April either, seasonally speaking; much weaker than its industry competitors. ARO, ANF, and TRLG are also double their historical beta right now compared with JCG, AEO, and GPS which are almost perfectly tracking their betas (COH is lagging its beta). I know sales are earnings are improving for ANF and it recently got an upgrade from a non-bulge bracket bank, but I think this technical bounce must be tempered by the trading robots in East Setauket.

    Besides, cotton’s on the rise due to the USDA releasing that farmers are intending to increase acreage plantings 15% this year due to China expecting to increase imports by 36%, Pakistan by 28%, and Turkey by 21%. Allah knows you can’t wear pre-torn and pre-grassed stained jeans over those robes. I’ve also rarely seen a Chinese person wear a championship shirt of a winning sports team. It’s like they choose their clothes with sonar. No offense to the Chinese, of course.

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    • mrsbuttons

      but what I really want to know is does 1000 shares of TRLG make a 90 lb ass look big?

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  7. Le Fly

    Emergency rate hike!!!

    April fools

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    • JF2

      Le Fly is on the Bull Wagon!!!

      April Fools . . . I think . . .

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  8. One For The Gipper
    One For The Gipper

    Rumors of a take over bid at i bank coin.

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  9. Sebaco

    Holy Sh*t…

    The Fed calls an expedited-procedures meeting for Monday at 11:30 a.m. Subject: the discount rate…

    Advance Notice of a Meeting
    under Expedited Procedures
    It is anticipated that a closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, April 5, 2010, will be held under expedited procedures, as set forth in section 26lb.7 of the Board’s Rules Regarding Public Observation of Meetings, at the Board’s offices at 20th Street and C Streets, N.W., Washington, D.C. The following items of official Board business are tentatively scheduled to be considered at that meeting.

    Meeting date: April 5, 2010

    Matters to be Considered:
    1. Review and determination by the Board of Governors of the advance and discount rates to be charged by Federal Reserve Banks.
    A final announcement of matters considered under expedited procedures will be available in the Board’s Freedom of Information and Public Affairs Offices and on the Board’s Web site following the closed meeting.

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  10. slim

    Today short squeeze, but I think plunge imminent.

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  11. howie2092

    moar deadmau5 plz.

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  12. JF2

    Moving on . . .

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  13. Hammy

    any time i see a prediction on this site via the comments section, I remember how two out of three commenters on 4/1/09 were “predicting” an “april fools’ day massacre” after a sure-to-die two week run-up in the market. In bubbles we hear about the euphoria which drives misguided fools to lose capital. Is there a flip side to the rule of euphoria, where, in market bottoms, the bears laud their masochistic greed through excessive pessimism?

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    • tgarfield

      Basically who ever is winning think they know everything. Hard to believe that happens.

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      • Rigged

        Lets use an example, Chipoltes (CMG) ,a maker and seller of burritos….January 2007 stock @ 60 ,then Jan ’08 stock @ 150, up 150%…Jan ’09 the burrito maker @ 40,so its down close to 75%…Now trading @ 115 April 2010…up close to 200%…I mean come on,why doesn’t any other tangible items get constantly re-valued like that???

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        • wilmer

          CAP the Cocksucker was a perfect example of this kind of behavior.

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  14. Yogi & Boo Boo

    So Hammy, what’s your take on the percentage of Bull:Bear comments today? I think there are far more Bulls than Bears, but sometimes the comments are hard to place in a category.

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  15. Hawaii Five0

    Anyone have any thoughts on the jobs numbers? A market mover one way or another?

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  16. MrFly

    Come Monday, up up up up up!!!!!

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  17. Knotty Dreads

    You wanna sick Deadmaus remix check out —
    http://www.youtube.com/watch?v=O2jj3YbgX_w

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  18. Bullish

    It just keeps going and going and going… I feel bad for Mr Fly always expecting some type of meltdown that just wont materialize.

    I love this market – far too easy to make crazy returns.

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  19. One For The Gipper
    One For The Gipper

    Happy Easter everyone

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