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

ATTENTION BULLS

The time for games ended yesterday. With this post, I hereby put you on notice: the “black flag of absolute death” (not that half measure shit) is coming your way. Run now, else, ummm, receive the black flag.

That is all.

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27 comments

  1. Ix

    Avast! It’s Jolly Roger Time!

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  2. Super B

    Last time when Fly posted “so that I might endeavor to buy your margin liquidations” I was laughing. I was holding lots of long position. I never thought market will go down.

    But in the I was almost crying … But this time I am sitting on cash and 10% long and 5% VXX

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    • The Fly

      Buy the dip; lose your scrotum.

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      • dumas

        Fly, are you going to join the prez, and post one of your infamous Dow headlines like: “DOW 9000”. With all the usual cursing and fbombs and citings of our stoopidity (sic)?

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  3. WSJC

    For the Fly is your Daddy…….

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  4. CoinBanker

    Lo, the black flag unfurleth. Gird thy loins men, and slaughter yon bulls, for me appetite longeth for FRESH GRILLED BEEF!!!

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    • checklist

      The ppt dropped from a >3 spot before the market turned lower yet again. Leave 3.0 as ovbght but add a “ppt drops <3 with market not turning down" as a hedge or sell signal mebbe…

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  5. Dan the Money Man

    People like me more than Scott.

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  6. Trading_Nymph

    I would rather see it lead by commodities not homebuilders….this sell off is a little too weak my test, heck they are still out buying LVS…not enough panic at all.

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    • TheArtist

      wait 2 weeks and get back to us.

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      • Trading_Nymph

        I meant to say “for my taste”….Feud thing w/ “for test” I guess………..actually using T theory ala Terry Laundry more like August 26ish..

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  7. Prospectus

    Something like this?

    http://www.proudflag.com/yank/flag_deathzone.jpg

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  8. Woodshedder

    I hope that you picked up some of my short picks:
    http://ibankcoin.com/woodshedderblog/2010/07/27/top-eight-short-setups-best-on-the-interwebs/

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  9. ruggyup

    My pet owl has spread her wings as far as they go. It is not dusk that is upon us. It is darkness. She has shat on The Fly’s turban for good luck. Good luck comes to those who follow good words, potere è meglio di fottere.

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  10. Donzo

    FLY, IMO, Short term top is in here…Whetther or not it gets bought remains to be seen…Me thinks it will, but in the meantime I’ll ride my SH & VXX until I see a trend change.

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  11. xxxHuggieBearxxx
    xxxHuggieBearxxx

    I am so excited by this impending doom.

    Moving 401k to cash today.

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  12. noodle

    I am shamed. I shall stop using curse words, until the NDX actually closes above 1900.

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  13. Jakegint

    LOL.

    I do believe y’all have “the vapours.”

    _______

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  14. Jakegint

    “QE-II is not just a big boat that docks off the River Thames.”

    _______

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  15. Le Fly

    Bought more GS

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  16. Sum_Ting_Wong

    RELAX
    Breathe in
    Breathe out……
    I’m waiting for the Chinese
    Raff awwU Juan..

    We will see

    and
    BTW
    A few short years ago Oil was in short supply…anyone remember this?
    We were running out…lucky if we had enough gas to get us by another year…
    100 days and a hundred thousand oil slicks later..
    I”m not hearing anyone saying: Its almost all gone…
    .

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  17. ronald eddy

    In fact,

    the payday lenders which provide Cash in 1 hour have left states that have enacted such laws, creating the shortage.

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