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

A Hostile Open

Want to know something odd-ballish? Since publicly traded, TLT has never been down in August, booking higher for 9 years running, going on 10. Do not fear, small pleb, for The PPT will inform you of such marvels, going forward, via our new seasonality engine.

All of my stocks, with exception to the cock lovers at ANF, are charging higher today, thanks in small part to the all cash hostile takeover offer for POT. Fuck those shit producers: BHP will swallow them whole.

Off of that news, I think stocks will gain a little momo here, as investors scratch their balls and say ” hmmm, maybe BHP knows something we don’t.”

Either way, The PPT wins again.

Some of you nailed this trade, others didn’t. It’s like a war, where some will perish and others will emerge with shiny medals and shit. So you know, “The Fly” is the 5 star general of this blogging/investing game.

In closing, losses in VXX are expected into melt up mode. I will take the profits from longs and use them to average into VXX, when I deem fit. However, for now, enjoy the run.

UPDATE: I bought 10,000 AXL @ $9.52

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26 comments

  1. The Zombie

    The Fly is God.

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  2. Curly

    and who says POT is bad for you?

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  3. A Gentleman

    12631 !!!!

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  4. Cascadian

    Hostile Aussies ramp up the market.

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  5. Kenny Powers

    The Fly is Patton

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  6. TheArtist

    bring out the holy hand grenade!

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  7. TheArtist

    what happened to our spambot number thing?

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  8. fnut

    What do you think of RIM at this level?

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  9. JuiceyFruit

    thx 4 the update, Generalisimo Fly.

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  10. Prospectus

    1100 is guaranteed

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  11. Taco

    In other words, go long and stay long, but don’t expect big gains over the next three days.

    3-day I CHING divination 8/17 applicable to all reading this…

    62. Small Passing
    Small Passing.
    Progressing.
    It is beneficial to persist.
    Small things are possible,
    big things are not possible.
    The flying bird leaves this song:
    It is not suitable to be above,
    it is suitable to be below.
    Much good fortune.

    There is not a great potential, but there is progress. This is no reason to give up. One must not try to achieve big things, only small things are within reach. It is suitable to work with what is close by and details, the big picture is not what can be dealt with right now. Keeping this low profile, things will be quite well.

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  12. JakeGint

    “Small pleb” is “odd-ballish,” but hilarious.

    __________

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  13. JakeGint

    I wonder if there will be more, or less of these hostile all cash bids as we go into the last four months of the year?

    One of those months being September, of course.

    (I’m exhausted!) 😉

    _____________

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  14. Gunners

    Th universe is now complete. Gunners is a PPT member.

    how do i post notes?

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    • The Fly

      go to indiv stock page and post on wall, bottom right.

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      • Gunners

        yup, got it. it’s on the individual stock, no random comments allowed on the user notes. Got it.

        Thanks Fly. it will take me a day or so to figure some of this stuff out. Looks great

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  15. Rolling Stone Magazine's, AXL Foley
    Rolling Stone Magazine's, AXL Foley

    Love this stock…

    Paper upgraded all over the place and all the fundies are looking good… a little legislative support and we’re at $12 in two weeks, easy…

    Bought in May and doubled down on July 1st… grabbed another block just now

    Glad to see Le Fly endorsing the stock…

    That alone should command an extra 10% on the upside

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  16. Goldie

    1170 $SPX.. Beelive dat!!

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  17. Andrew Weyand

    You’ve made some good points there. I did a lookup about the subject and wanted to let you know that I noticed most people today will agree with your article.

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