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

Gasoline on Your Face

You motherfuckers got “zero-hedged” because you’re in this game for politics. I am in this to kill you, via large directional bets provided by your bullshit margin liquidations. For the record, I sold out of EDC, for a quick profit. I sold it because it isn’t priority. I am holding onto all longs, until the shadows near my favorite urinal start smoking menthol cigarettes again. Last I checked, those bastards were smoking Pall Malls sans filter.

I will push the envelope on my longs, just like I press my bets against your career as a professional money manager. While it’s true, I am not a big game hunter. I still kill a lot.

Into the bell, for novelty, I added to my FTK position.

Top picks: CBL, AXL, CRS, BUCY

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78 comments

  1. FIG

    No spam filter. FIG

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  2. jg

    THE FLY IS GOD

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  3. EN1GMA

    Great calls! Love the TNA pick

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  4. Ix

    Pall Malls? Good lord man, what kind of Ungentlemanly Pissoir are you patronizing?

    Indeud to the PPT. Excellent stuff.

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  5. Mr. Cain Thaler

    Sr. Fly, a few of us are curious about the state of affairs of STU and their reception in the credit markets. Any chance of getting such for the gentlemen of the PPT?

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  6. The Fly

    Remember to buy Camel cigarette’s for your friends and family this X-mas!!!
    http://www.youtube.com/watch?v=GaORtO4rFoo&feature=related

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    • Satanfeller Luciforgan
      Satanfeller Luciforgan

      Luciforgan move at 0:47. Occultic backward smoke.

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  7. WSJC

    The Fly can win at monopoly with a $1 bill, a get out of jail free card, and his fists!! FIG

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  8. Pneuma

    What do you think about CRUS?….been a falling POS today.

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  9. drummerboy

    ha ha Ls/mft when we were small, in south philly,it meant Loose Straps Means Flabby Tits. da hell wit lucky strikes,thats what you get daily in the markets.dont worry dude,white trash doesnt rub off onto your skin,unless you smoke camels.no filters like laura bush does lol

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  10. panamaorange

    Im a little baffled as to why the right wing is still so bearish on the market. They are about to be handed the keys to congress in a few short months. You’d think they’d be optimistic right now.
    Instead, Glenn beck spent his whole intro yesterday pushing the “Hindenburg Omen”.

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    • JakeGint

      I’m about as right wing as they come, wouldn’t you agree?

      (Naaaah, not you, Jake!)

      I’ve been bullish for quite some time now. I’m even bullish over this alleged September meltdown call.

      Glenn Beck is just goofball entertainment, half a notch above Blowhard O’Reilly.

      You want dark comedy with an intelligent twist, you gotta listen to the Mad One, Mark Levin.

      __________

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  11. drummerboy

    beck is an ok dude, but his shit is getting to old anymore. and the repubs still dont know their ass from a hole in the ground

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  12. FIG

    From Wikipedia

    Pall Mall brand cigarettes were introduced in 1899 by the Butler & Butler Company, in an attempt to cater to the upper class with the first “premium” cigarette. Its name is taken from a 17th century game in which a player attempts to drive a wooden ball with a mallet down an alley and through a raised ring using as few strokes as possible; derived from Latin palla and malleus, or “ball” and “hammer”, respectively. Pall Mall is also the name of a very upscale street in the West End of London.

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  13. The_Real_Hmmm

    Has anybody looked at those tire fuckers from AZO? The management acts like that episode of Seinfeld when Elaine is stupid from not having sex and is just staring at the tires spinning. The company has been buying back their fucking stock the past 10 years from what I can tell. That’s a cool 80M shares of which only 50M are left outstanding. The float is only 29M shares too. Book value went negative in 08-2008. Gross margin has been pretty much pegged at 50% since 2004 with minimal incremental expansion or contraction of margins yet revenue climbs $300 consistently YoY. There’s just something fishy in my opinion, especially with the CEO saying Q4 was the busiest and then saying Valentine’s time was strong and Summer is strong. They also used household tax refunds and stimulus as growth causes. Eddie Lampert owned 40% from prior quarter but has since trimmed.

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    • Molecool

      Good luck trading that – AZO is a beast and I’m not going to attempt to slay it.

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      • The_Real_Hmmm

        I completely agree. As the float shrinks, demand for the stock could pick up and blow off parabolic. Management has and additional $250M authorized for further repurchase of stock, or about a third of the float. I’m simply watching this one because once it goes vertical or Eddie blows out of his position, it could loosen the foundation. It just seems like a logical one to keep on the watchlist for shorts. Am I missing something here?

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        • The_Real_Hmmm

          Sorry, not a third of the float, 3%. This makes it even funnier. The more they create higher EPS, the more it costs.

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      • JakeGint

        Truly, I think the only thing that keeps that stock aloft is that Timmah is consistently short it.

        __________

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  14. Nosferatu

    I will await you at your favorite urinal….after midnight.

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  15. koushuu

    I’m not liking that taper at the end of the day one bit. Volume was like 1/3rd average too.

    I was tits-out long into this rally but took profits this afternoon. I get the feeling this was a one-hit wonder.

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  16. panamaorange

    I would not want to be long XLE or USO this Friday afternoon. If august 21 passes uneventfully,we could get a “limit down” oil move on Sunday night. There is no telling how much of oil’s price is due to war speculators. It will be an amazing stampede if they all run for the door at once.

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    • The Fly

      You are crazy. No one with a brain thinks Iran will be attacked by 8/21! WTF, you must be living in a fucked up militia base. Oil has gone down in recent weeks, not up.

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      • panamaorange

        Although very heavily armed–im actually politically moderate. Sort of left leaning.

        My thesis is this–at least 15$ per barrel of oil is Iran war speculation. It has been this way for at least a year. What happens when those speculators all turn out wrong, on the same day? I can only presume it would be similair to what happened in wheat. Potentially.

        As per my comments over the last week , im still bullish on stocks here. Just, cautious on energy. and , only until the 21st passes.

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        • 15dollaroilandblowmyself
          15dollaroilandblowmyself

          You are the biggest dipshit since the “oil rain” guy. Oh wait, was that you?

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      • WSJC

        “Limit Down move”!!! in Oil! Sunday night! Ban him

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      • Cascadian

        Iran will get the bomb and it will make them more responsible world citizens. They will know if they use it the retaliation would be horrendous.

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        • JakeGint

          The problem with Iran getting the bomb is not so much “Iran getting the bomb,” as a nation state, but the fact that client terrorist organizations (Hezbollah just being the most visible of these) would be getting it as well.

          Even a hint of plausible deniability is too dangerous to risk.

          ________

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  17. JakeGint

    Hey Fly, release that above comment, wouldja?

    TIA.

    _____

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  18. Molecool

    Simple ZH trading strategy: The more Tyler complains the longer your book should be. Never fails.

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  19. Trading_Nymph

    I am rather amused that the market turned right 1101ish….but I am easily amused.

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  20. carsony

    TNA up 6 percent today..Was going to take the profit but this is the first run up day we have had since the correction. I know we are in a tight trading range and will have to sell, so I won’t be a hog.

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  21. koushuu

    How is USO/SCO up in AH after those API numbers?

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  22. Cascadian

    Buying more FTK is novel?

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    • The Fly

      sure

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    • JakeGint

      No, I believe he’s going to call it “Smashing the Bearshitters, My Life in the Trenches” by I.M. Fly.

      Already flyiing up the Amazon charts in pre-order.

      (There will be a chapter on FTK, though)

      _______

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    • Bannedbecauseflyisababy
      Bannedbecauseflyisababy

      Definitely time to go short FTK again then.

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  23. TheUrinalShadow

    TheUrinalShadow says: Buy uranium stocks,yellow cake, and urinal cakes.

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    • JakeGint

      AWESOME AVATAR!!

      (This guy should get a free month in the PPT for this one.)

      __________

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      • TheUrinalShadow

        TheUrinalShadow says: Just have The Fly clean me a little more often by taking out the cig butts and the chewing gum, give me a “blue disinfectant” cake once a month, and aim for the center and not the wall. I can come up with better market ideas that way.

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  24. kinz

    fly, what do you think about dcth and bac

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  25. Mid '70s CBA-style Braveflaps
    Mid '70s CBA-style Braveflaps

    I really don’t see how you go wrong with a FRO.

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  26. omen

    In this context, what’s “zero-hedged” ?

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    • BernieCornfeld

      ….as in zerohedge dot com. Put on your tin foil beanie prior to entry

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  27. arch

    well …look what we have here .. some of you stock boys had yourself a day .i hope.you didnt think i was joking about rolling my pimped out tanks into the world theater via OSK …. did you ??and the rest of my end of days and WW 3 action ,,activated and ready for world domination …

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  28. Rand

    Kool cigarettes will soon become extinct. Camel menthol crush will takes its place.

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  29. Carsony

    How does the camel get through the doorway?

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  30. alphadawgg

    I am a big game hunter, and I kill alot. A very lot.

    Killin’ is my bidness,….and bidness…is….goooood!

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  31. No.1

    More dangerous than my nasty habit of swimming with sharks and barracudas down in key largo.
    http://www.youtube.com/watch?v=K61sNqBItpc

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  32. TheArtist

    jake, avatar comment above…

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  33. emma

    When are people going to wake up and smell the peculated corruption.

    obama keeps saying things are getting better, but the websites I visit for the [REAL DATA] you know the hard core true, and solid facts are saying we are in for a really rough trot. If we look back at the past and before the 1930 depression, the government saying things would be fine, and recovery was coming, soon after they said that the stockmarket collapsed 90% and the depression came. I think we are dealing with that again. Thank god for the truth bearers, as little as they are.

    A good guy worth checking on youtube, he is great http://www.youtube.com/watch?v=gn6kS4l2yFM and predicted the last crash, and brings the truth.

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