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
23,449 Blog Posts

There Never Was a Choice

As my La Jolla vacation winds down, I’d  be remiss if I didn’t let you animals in on a little well known secret: “The Fly” never loses, ever. It may get repetitive and it may conjure up feelings of acute jealousy in many of you garbage men; but it’s true, so learn from me.

What recent wins do I speak of?

Answer: 100% long TNA, UCO, FAS etc. in my personal accts. For clients, I am fully invested amongst a myriad of high beta longs.

How do I time the market so perfectly?

Answer: The PPT

Am I just saying that to garner more business?

Answer: I could sell the algorithm for millions right now and cancel and refund all current subscriptions; but I choose to live with the little people.

Why?

Answer: I fucking hate the establishment.

How good is The PPT?

Answer: Ask my subscribers

See folks, what I have at my disposal is not the holy grail or some sort of crystal ball. It is not all I need or required to be a God-like investor. No. All I have here is an edge. A fucking edge over my competition. An edge over the other moronic bloggers in my field. A motherfucking edge over you, if you’re not part of my club. That’s all it is.

As I head out to another fine dining experience, as opposed to the fucking bullshit I endured with Chuck Bennet last night, feel comfortable in knowing “The Fly” is on your side.

If you enjoy the content at iBankCoin, please follow us on Twitter

70 comments

  1. Homo Bob

    Futures looking good.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Reality_Bites

      Not so good now though.

      One swallow doesn’t make a summer, you bulls are about to learn a nice lesson. Let’s see Fly spin a win from the next few days? No mention of him going short yet, maybe he’ll use some retrospective PPT magic?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  2. BoilerATC

    FIG

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. The Fly

    I know, HOMO

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. J

    As I head out to another fine dining experience,

    On the West Coast? Bull 🙂

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. arch

    there should be a bonus question …

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. TA

    Don’t diss the Chuck

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. BernieCorfeld

    “as opposed to the fucking bullshit I endured with Chuck Bennet last night, “….that sounds like an intrguing story. LOL

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. StocksRider

    “Answer: I fucking hate the establishment.”

    Fuck Yeah!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Jg

      amen.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • pistilstamen

      No kidding. The question that elicited this response made me throw up in my mouth and allowed me to briefly revisit my bullshit pre-PPT investing “career”. The reply was, therefore, that much sweeter.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  9. Diver Dan

    The PPT rocks!! 90% long and winning with Sir Fly. Thank you.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. Le Fly

    Was with chuck in bev hills/ hollywood last night

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. flyaway18

    That was your problem, they don’t allow Chuck in to fine dining establishments.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. The Zombie

    THE
    FLY
    IS
    GOD

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. StocksRider

    New Post – Don’t mess with Ben Bodjilla – http://www.ibankcoin.com/peanut_gallery/index.php/2010/08/29/i%E2%80%99m-coming-to-get-you/. Feedback is welcome.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. shaz

    one of my favorite lines from superbad.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. Woodshedder

    I can tell you from experience that Chuck is the man. If Fly was unhappy with the dining experience, I can assure you that it was NOT from Chuck’s lack of trying. Perhaps Chuck just tried a little too hard?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. Trading_Nymph

    BoJ actually did something, I am surprised…now lets see how the Yen will act.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Teahouse On The Tracks
      Teahouse On The Tracks

      Down goes Yen!, down goes Yen!

      You’re really surprised? Japan said they would do something a week or two ago… it just takes them time to analize their approach to QE ovah theah.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Trading_Nymph

        Not so fast sparky…lol…..actually news that Ozawa is pulling out of the election attempt it appears makes total sense on their acting last night, that was the factor I was looking at it to stop it.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  17. Starving Artist

    “I fucking hate the establishment’, indeed!!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. The Fly

    Just ate at sushi ota. Very good

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. Rand

    The hurricane cometh..
    Prepare to have hurricane parties.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. The Fly

    Yes, chuck is the man, albeit a little rustic.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. JakeGint

    A very special Welcome home to the Monsieur et Madame Docteur Le Fly.

    It’s about time to get down to bidness, here, folks.

    _________________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. Le Fly

    I love hurricane parties

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. chuck bennett

    I am sitting in the Hyatt in orange county drinking tecate as I write this.

    Sun burn from bike ridding in venice beach all day. the gay. My girl has an NFL fellow she is meeting tonight. My girl is big doings out here. Much props for her. So I escaped from LA. No worries boys, I had my fill and then some.

    Waiting for a girl friend of mine. Wing woman of all time if you will. Going to find a few of those OC cougar types if not a younglin. Will shall see.

    TNA, CLF, going to ring the bell. BAC is another story.

    good night to all.

    regards

    chuck

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. The_Real_Hmmm

    An interesting note from the GDP report is that real fixed residential investment ticked positive, up 27% in Q2.

    The BEA site is a fucking joke too. I bet their report publishers regularly burn popcorn because they like the smell or some twisted shit.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. TraderCaddy

    Fly, two questions- Did you wear your sandals and robes while dining with Chuck and did the manager throw the two of you out for excessive profanity while in McDonald’s Playland?
    “Talk to Chuck.”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. A bull in a china shop
    A bull in a china shop

    I’m glad the Fly changed his mind about “going corporate” (no obscenities, etc.), whenever it was that he was seriously considering such a thing. Pre-PPT I think. It just wouldn’t have worked.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. 8

    Do any real estate shopping?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. Cascadian

    If you keep winning you will become the establishment.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  29. buylo

    Just wondering if anybody have an idea of % drawdown and for how many days, when the PPT is a bit early?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  30. GARNUB

    HAHAHAHAHA OK WE’LL SEE WHAT HAPPENS TODAY

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  31. Mr. Cain Thaler

    Listen up you doom prophesizing morons. We’re going up today. The end of the world will not be reached over night.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  32. GARNUB

    DONT U HAVE 90% OF UR CASH IN BAC? LOL DOWN A DOLLAR AND HALF FROM UR PURCHASE

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  33. Mr. Cain Thaler

    To those shorting the low float company of STU: this position is working too well. There’s been no bounce to increase exposure with. It sucks but what you have is really what you’re getting, thanks to those new SEC rules on short selling. I’d like to see a nice 10% rebound to just under $20 so I could take a bigger bite than the 8% portfolio position I’ve managed to scrounge up now.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  34. GARNUB

    short play done for now, covered all of my RIMM and now going long some CSTR…. nice $10 gain on the short side of RIMM. now i stand to make $5 easy on Coinstar long

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  35. roger

    anyone else have problems with ToS today ?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • FIG

      Yes Roger. Think or Swim is really fucked up thanks to their weekend update. I wonder if they are gonna back it out, or live with it. Real time quotes are slow as hell. Major problems

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  36. needle dick the bug fucker
    needle dick the bug fucker

    nope no trouble with Think or Swim.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  37. FIG

    The PPT, and every other measure may have messed up on TLT. Absolutely amazing. The thing wont give up.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  38. StocksRider

    As I mentioned in my post yesterday, I expected to see bit of a pullback in the beginning of the week before heading higher.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  39. Minute Trader

    Holy crap, look at the volume today. Anyone want to be a market mover?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • TraderCaddy

      Never short a dull market and this one is VERY dull today.
      Especially with the NDX 100 outperforming (unchanged, thnx AAPL, and especially encouraging with the chips getting the hammer) and the number of bulls at the lowest level since March ’09.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Vegastrader

        Never trade a dull market is more correct.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • Minute Trader

          Yes, but for some reason, I am looking for a BGU entry point. Doesn’t seem wise today. Right there would have been good!

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  40. alphadawgg

    Big week for economic numbers.

    Prepared for volatility, as the numbers will reflect the ongoing price instability in consumer and producer prices.

    Bottom line, the long term de-leveraging that is going on will have its way, forcing GDP down into negative territory again at some point in the next few quarters. Growth is financed by credit, which continues, and will continue, its contraction.

    Play the bounce when it comes, but people shouldn’t lose sight of the big picture.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  41. Dirk Diggler

    Go VHC!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  42. Jimbo

    OK, we should be going up now as I sold out of most of my longs and dou bled down on my shorts.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  43. IBD

    The Chart People say that the market correction continues and are beginning to discern a dreaded Head & Horns Satan pattern. Earl is headed straight for “The Fly”‘s house to provide a Hurricane Party.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  44. Bman

    Well, my GLW went up today. I bought it based on the technical chart. Hope it holds up….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  45. Trading_Nymph

    Jamie at Live found this, he indicated it is no big deal……… but for myself iMHO I think it is just the start of a lot of fraud I have seen setting up thru out 2009 with bad loans and way too much action in Asian Casinos.. .we will see http://www.businessinsider.com/zhou-xiaochua-defected-2010-8

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  46. Joey

    He says “I fucking hate the establishment” …….. and then proceeds to make dinner reservations at the finest establishment restaurant.

    • 0
    • 0
    • 0 Deem this to be "Fake News"