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

Enter the Meatgrinder

The GDP numbers were better than expected, in my estimation. However, out of nowhere, INTC came out with an earnings warning, sending the tradebots into a fucking scumbag’d hurry to sell futures. Howsoever, in an odd twist of events, one that could only be described inside of the meatgrinder, after a short halt, INTC’s shares opened higher. That’s right, liver lips, the fucking stock is “baked in”, trading in the $18 price range.

I’m going to be very upfront and forthright with all of you, as I feel it is my duty as a space alien magician to do so: I stand to make a great deal of money today, off of your margined short positions. As a point in fact, I intend to use your equity as tinder for my space shuttle jet fuel slush fund. Being long ample amounts of TNA, FAS and a variety of other longs, into this meatgrinder of a rally, makes me a smarter man than you.

See pal, in life, sometimes it’s important to remember the questions, for the answers have already been revealed. If you don’t believe me, go check out what the other seasoned veterans on iBC, Scott and Jakegint (CH), have to say about this market. I gather, you might find them to be somewhat smarter than you too. Understandably, the bar is not set too high, especially after your IQ has been denigrated by the toxins embedded in all of that  corn fed meat you choose to devour; you gluttonous pig!

Good day to you, Sir.

NOTE: I bought TBT.

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23 comments

  1. Yogi & Boo Boo

    Indeud.

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  2. TheV.King

    Yogi go shit somewhere else….

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  3. scott

    TBT going near $35, near term…

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  4. Diver Dan

    90 % long…rock and roll!!

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  5. Long Live Braveflaps

    Malibu represent!!

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  6. WSJC

    jumped out of 100% of my Faz this morning @ 17.12…..I’ll stay with UCO for the time being…Have a good weekend in SD

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  7. TraderCaddy

    The chips need several more “confessions.
    Like from NVLS,TXN,SNDK,etc.
    But for day trading SMH is a go (both up and down).

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  8. StocksRider

    Sold all my remaining SPY shorts to book kick ass gains. More than 50% in cash now.

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  9. Carsony

    Nice work fly on the market prediction.

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  10. FIG

    I like TBT as well. Today is looking like a good day for a reversal.

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  11. buylo

    how can you be way up, if’n market was quite down while you were very long and the market is now a bit up and you might be still long, so you are probably about break even – no?

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    • The Fly

      I am speaking about today only, Yes, of course, I need to see the mkt higher. Take my blogs with a certain amount of tongue in cheek.

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      • buylo

        thanks for your honesty, I’ll take your word on it on your’n blogs

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  12. StocksRider

    Initiated new longs in SPY…looking for stocks now with mammoth short positions for squeeze play

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  13. longnek

    Go go TNA-gaget go.

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  14. Cascadian

    I’m gonna invest in jet fuel for space ships.

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  15. Trading_Nymph

    roll over time…grind

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