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

Back to “The Fuckery”

Now this is the type of market I can commit murder over. This is the type of “pinless hand grenade action” that pushes a man to throw everything a way, in favor of stabbing people in the face with jars of peanut butter. First we dive, then we rise. Now we just sort of sit on the flat-line, fucking with people’s brains. It’s moments like this that “The Fly” wished to dear God that he was a zombie. Instead of enduring this mouse-wheel, I’d be on Wall Street taking bites out of people skulls, right about now.

“Pardon me Miss, can I bother you for the time?” CRUNCH!!!!

For better or for a lot worse, I’ve been adding to my TZA position, as it trades lower. I’ve done nothing with VXX. I am done buying that. And, in light of this “gay as fuck” rally, I added to my GLW position. Essentially, one way or another, we all get split two for one by Mother Market. Some make it to an old age, like that Kerkorian fucker. But, rest assured. we all split two for one.

In short, GET IN THE MEAT GRINDER! We’re serving up tacos for supper.

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25 comments

  1. The Bear

    P.I.G

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  2. matt

    MURder!

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  3. Goldie

    Yep

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  4. Henry Fool

    Huh I’m in! Fly did you unban me?

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  5. flyaway18

    IDK, I think buying these 3X “Time Bombs” is what makes you feel this way, frustrated or outraged.
    You sound so emotional,
    not sure what there is to be wound up about.

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  6. Random Punk

    OK Fine..
    Time to take some lumps here…

    I’m using a daily range formula only…been doing this on currency pairs for sometime. I follow U guys here and on Twitter, mark down the odd stock ticker and try same formula.
    It does work
    PERFECTLY?
    No
    But it will give you a good time following that range and then bail….not exactly scalping as trades last normally a few hours, to most of the day
    It may be the way to go for now, instead of trying to capture the whole move

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  7. tw

    Crunch crunch. Wall St. zombie tacos.

    I love it.

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  8. Mushroomz

    Dire Wolf – I cut my deck to the queen of spades but the cards were all the same
    http://www.youtube.com/watch?v=5g_VBUHqD-4

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  9. Mr. Cain Thaler
    Mr. Cain Thaler

    Being hedged is a terrific feeling. I have practically no movement today.

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    • Purdy

      If it continues for 3 days, see your doctor.

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    • Vegastrader

      You must be full of shit.

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      • Mr. Cain Thaler
        Mr. Cain Thaler

        No, numb nuts, I am not full of shit, as my portfolio was down .4%, despite owning the likes of NM, MGM, and TLP.

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  10. The Sandman

    Taco barfo.

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  11. ajb_2010

    Fly, enjoyed the post, thank you very much! Boy, I have been playing this market with SPXU and UPRO, works great except for the past week.. weird thing was, a couple mins ago,, i was saying both, SPXU and UPRO both down while the indices were up by fractions, WOW, never seen that personally lol

    I do like your approach tho, the only that has worked for me is buying these 3X when they are being sold off and then a market leader, like CRM which i dumped yesterday..

    Now to enjoy some tacos lol

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  12. francesco

    two last days action look bearish
    but there’s some hard money that likes to buy the bear’ drops
    I think we will see sqeeze a day or another .

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  13. Simon Vincent

    Interesting site.

    Good Day Mr Fly.

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  14. francesco

    one thing is sure, if this turning point ( 1050dj ) doesn’t work ( and we are seeing this in the day-s to come ) then market is set ( yet , now ) to go higher.

    stupid assertion ? may be , but I’m sure about it

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  15. ....

    its the fed.

    The other PPT

    Plunge Protection Timmy

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  16. francesco

    yeah it’s the gigantic buyout of the deleverage that’s goin on from the levarage started in 80/90

    woah

    big thing.

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    • francesco

      fed is a good investor .
      buys the deeps in the gigantic deep , until every hole is full of dollarshits .. then prices will go up .

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  17. eagle9

    If it goes up for two hours short it for two hours. if goes down for two hours buy it , just make sure you front run those fucking robots. Yup Yup.

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