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

An Outline of Perfection

As my west coast trip progresses, the market seems to be firming up here, especially now that all of the Hindenburg circle jerkers are out and about—galavanting around town—with their little facts and figures.  I spit on your facts. I shit on your figures. Actually, scratch the latter, for it is fairly disgusting. But you get my drift.

At the end of the day, when you bet against S.H.O.M.P, you get your face “ninja’d” the fuck off and your body gets paralyzed, as if you just got hit with a taser.

This early morning sell off is fucking bullshit, as all of the key ingredients for a rally are present. The dollar is weak, yen is weak, treasuries are benign and oil is up. What more do you want, an engraved invitation?

Going with The PPT‘s proprietary OVERSOLD signals, I bought some FLS yesterday, as it has been 80% accurate with its OS signals over a 5 day holding period. And, as you know, I am long UCO—based upon the unbendable laws of supreme and final mathematics.

On a personal level, I intend to finance my entire west coast excursion through my bountiful TNA position, which is terribly ripe for a run higher. All of these facts must confound a person, such as yourself. Some of you lower tiered bloggers must be like “WTF, OMG, that’s impossible.”

Incorrect, good sir. That’s where you are wrong. Believe it with your own eyes, else lose them during the great stock market rally of late August, 2010.

Off to wake up Jeremy, “the IT guy,” as he is staying in La Jolla as well.

UPDATE: I bought back my GMCR position, at least 50% of it.

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22 comments

  1. omen

    After a couple of more successful TNA/PPT runs I’ll be getting a new car, and my licence plate will be PPT*TNA 🙂

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    • The Fly

      you do that I send you a gift. Not sure what it will be, but a gift nonetheless.

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    • BernieCornfeld

      That would be a very sweet ride!

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    • TraderCaddy

      Veritas software had a major regional office 5 minutes from my house and was a huge winner in the go go ’90s and has since been taken over.
      I used to see a fancy expensive car on the road from time to time and it had the tag VRTS1, VRTS being the stock symbol.

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      • TraderCaddy

        If my kid ever makes it to the PGA Tour how about iBC-PPT-on the bag with a logo of a fly?
        Will there be a gift for this(other than a 3 month suspension by the Tour once they read the blog language) ?

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  2. jimmie

    Is Jeremy staying at he campgrounds? 🙂

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  3. The Fly

    Ok, the Yen is strong. So it’s not perfect. Close enough.

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  4. TraderCaddy

    Banks and financials (see XLF,KRE etfs) are doing well but the DJIA really wants to get down and test 10,000.
    Looking to take a stab on KRE or XLF for a daytrade if the market gets below 10,000.
    Without TXN participating SMH will suck today.
    I smell a downgrade for TXN.

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  5. Mad Mel Braveflaps
    Mad Mel Braveflaps

    The only thing firm in California right now is the tofu.

    Even Ahhnuld ist flabby.

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  6. nd4spdgt

    What is S.H.O.M.P.?

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  7. nd4spdgt

    I don’t know how you make these directional calls. Was it the PPT or just your heightened sense of things? Regardless, kudos.

    Wisdom, you has it.

    http://www.youtube.com/watch?v=AkMsSIjQXxo
    You should make a commercial.

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  8. needle dick the bug fucker
    needle dick the bug fucker

    is RAX moving on the 3PAR news??

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  9. ruggyup

    2.52 market hybrid score. Newbie here asks how to read this. Hiccup in the longer picture of daily downers? Short term opportunity?

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  10. bubo

    Fly, so you still like coffee….
    What the hell is going on with GLW?

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  11. buylo

    So, Fly, are you thinking of moving to Kalifornia soon? Dat’s a nice place, you know.

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