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
23,474 Blog Posts

Almost There

Don’t get too excited, Uncle Asshole. According to the rules dictated by The PPT, the market is bounded to certain mathematical formulas. As a matter of fact, I happen to be in possession of said laws, and much to the chagrin of my fellow investment professionals, I’ve retailed it out to the proletariat for a laughable fee. The following chart I am about to show you is worth billions, yet some of you still bet against me.

Gentlemen, it does NOT get better than that.

At any rate, my point is to remain vigilant in your pursuits of greatness, as I have. Do not let today’s market rally sully you into abject moronism. Instead, learn from past mistakes and be brave. Without courage, a man is nothing more than a set of testicles.

Into this melt up, I am doing nothing. However, I do intend to trade tomorrow. God willing, I will get the chance to sell my TNA above $40, as predicted many days ago.

Be well and enjoy your celebratory dinner.

[youtube:http://www.youtube.com/watch?v=xVNdgJC6wbE 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

63 comments

  1. The Zombie

    The Fly is God.

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  2. sg

    Quote of the day “Without courage, a man is nothing more than a set of testicles.” Hilarious !!

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  3. Peanut

    fig

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  4. Clegger_2000

    SHOMP

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  5. flyaway18

    Tomorrow, you will sell UCO, I know it.

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  6. drummerboy

    dude,shit choice for a vid.motherfuckers look like a bunch of white bread hari-krishna’s on shrooms,making a mockery of music and musicians.

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  7. mrkcbill

    PPT= $1 a day
    Haha…..what a steal…that place is cosmic.
    VIZ
    Indeud
    FIG

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    • drummerboy

      i know, as soon as my season winds down,this is the first day i had off in a while,work has been sporadic but i have to take what i get.no use in paying for something if i cant use it at least 4 days a week.its a little tough being an active retail trader waiting for settlement day,timing has to be better synced, and i cant do that everyday if i start a job or finish one.

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  8. noodle

    fly you inspire me to be a better person.
    thanks!

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  9. noodle

    when u get back in ridiculous rap mode,
    dizzee rascal is a good choice

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  10. Trading_Nymph

    Oh I just can’t wait…..I just sat in the FAZ Mobile at 15.18…..I’ll just do doughnuts in the parking lot ….

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    • Trading_Nymph

      btw, Sept 7 is the next date the Fed will be in buying Treasuries thru POMO…

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      • FIG

        A bit early on that FAZ call. I would wait until we slow down some to get into a levered ETF like that. This was quite a powerful up day, and we are still only in the middle of the channel. Could easily get another 150 points tomorrow.

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    • Mr. Cain Thaler

      I’m waiting to reapply the FAZtastic compound, but really, it’ll see $17 again, no problem. It’ll be a good buy for sure.

      Are you planning on buying more?

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      • Trading_Nymph

        Cain…You know I am really heavy on the short side so I probably won’t add…I am really focused on something I missed before in my analysis….I entered FAZ so I can learn to drive the POMO relay track. It appears that the Fed has a calender of dates that they will come in and buy Treasuries…this pops the financials…so there can be a trade of FAS just before the date and FAZ at the end of that day…..I need to get the timing on it so I don’t run up on any curbs with my FAZ mobile………………….FIG..TRIN .27, the Advance – Decliner Volume hitting the top resistance I posted last night….this rally imho is out of gas…they can try and push this thing up…but without gas in the tank it ain’t moving much…..having Dad fill up the tank with Fed dollars this morning at 10:15 was something I missed before, but now I will be watching for it.

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  11. Asteroids

    I suspect this rally might continue until the Jewish holidays begin. I’m watching for distribution to begin any time now after this ridiculous ramp.

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  12. pdf

    plz foward the coordinates of that concert so iran and n korea and atomize those lost jerry heads

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  13. EasyMoney

    What happens with your magic formula when a market stays overbought or oversold for an extended period of time? (i.e. Feb-April 2010 run-up). It takes one bad trade to wipe out all the other good ones. Is this backtested over decades or just this year?

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    • jjjsix6

      How dare you doubt that which has made more correct calls than you? You are unworthy of the PPT!

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      • EasyMoney

        If I asked a stupid question, I would expect a stupid answer such as yours.
        Still waiting for an intelligent response….

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        • Po Pimp

          There is plenty of analysis about past swings, but they are posted in the PPT forum. If you loaded up on inverse ETF’s during the Feb – April melt-up too early you would have been cock-slapped for sure unless you bought one particular inverse ETF. Esteemed members are privy to the secrets. The forum covers all sorts of shit about these leveraged swing trades from entry points, exit points, how to scale in / out, expected draw downs, etc.

          This is not random monkey dung-throwing but rather in-depth quantitative analysis, maign.

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        • Yogi & Boo Boo

          Easy – I reposted a bit of a comment from the forum of which Sir Po Pimp speaks. Check it out. Flame away. Whatever.

          PPT is much more than just the score shown above. The best thing to do would be to plunk down a trial sub and give it a run. Even with a modest account, you would earn enough to pay for a full year.

          Just my $0.02.

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  14. Damon

    Whew!

    That chart was so pretty, it made me blow a load…..seeing as all I really am is a set of testicles.

    Which reminds me of a girl I once went out on a blind date with. This girl was so ugly….

    she was SO UGLY, that at dinner I had to set her in the corner and feed her with a SLINGSHOT!

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  15. Fly Leech

    That video is actually footage from Fly’s wedding reception. I’m not telling which one is Fly.

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  16. set of testicles

    What!!

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  17. Bullish

    THE SEPTEMBER SURGE!!!!

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  18. WTF

    Quit wishing, go flyfishing!

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  19. MX2101

    Thank you Fly for making the information available to the little people, for a fee.
    As a PPT member I am happy you chose to create the iBC and PPT sites.

    Also, thanks to the experienced traders and experts posting here and on the PPT

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  20. TheV.King

    Fly ….Jeremey has just sent me Purdy’s demands…

    The Discovery Channel MUST broadcast to the world their commitment to save the planet and to do the following IMMEDIATELY:

    1. The Discovery Channel and it’s affiliate channels MUST have daily television programs at prime time slots based on Daniel Quinn’s “My Ishmael” pages 207-212 where solutions to save the planet would be done in the same way as the Industrial Revolution was done, by people building on each other’s inventive ideas. Focus must be given on how people can live WITHOUT giving birth to more filthy human children since those new additions continue pollution and are pollution. A game show format contest would be in order. Perhaps also forums of leading scientists who understand and agree with the Malthus-Darwin science and the problem of human overpopulation. Do both. Do all until something WORKS and the natural world starts improving and human civilization building STOPS and is reversed! MAKE IT INTERESTING SO PEOPLE WATCH AND APPLY SOLUTIONS!!!!

    2. All programs on Discovery Health-TLC must stop encouraging the birth of any more parasitic human infants and the false heroics behind those actions. In those programs’ places, programs encouraging human sterilization and infertility must be pushed. All former pro-birth programs must now push in the direction of stopping human birth, not encouraging it.

    3. All programs promoting War and the technology behind those must cease. There is no sense in advertising weapons of mass-destruction anymore. Instead, talk about ways to disassemble civilization and concentrate the message in finding SOLUTIONS to solving global military mechanized conflict. Again, solutions solutions instead of just repeating the same old wars with newer weapons. Also, keep out the fraudulent peace movements. They are liars and fakes and had no real intention of ending the wars. ALL OF THEM ARE FAKE! On one hand, they claim they want the wars to end, on the other, they are demanding the human population increase. World War II had 2 Billion humans and after that war, the people decided that tripling the population would assure peace. WTF??? STUPIDITY! MORE HUMANS EQUALS MORE WAR!

    4. Civilization must be exposed for the filth it is. That, and all its disgusting religious-cultural roots and greed. Broadcast this message until the pollution in the planet is reversed and the human population goes down! This is your obligation. If you think it isn’t, then get hell off the planet! Breathe Oil! It is the moral obligation of everyone living otherwise what good are they??

    5. Immigration: Programs must be developed to find solutions to stopping ALL immigration pollution and the anchor baby filth that follows that. Find solutions to stopping it. Call for people in the world to develop solutions to stop it completely and permanently. Find solutions FOR these countries so they stop sending their breeding populations to the US and the world to seek jobs and therefore breed more unwanted pollution babies. FIND SOLUTIONS FOR THEM TO STOP THEIR HUMAN GROWTH AND THE EXPORTATION OF THAT DISGUSTING FILTH! (The first world is feeding the population growth of the Third World and those human families are going to where the food is! They must stop procreating new humans looking for nonexistant jobs!)

    6. Find solutions for Global Warming, Automotive pollution, International Trade, factory pollution, and the whole blasted human economy. Find ways so that people don’t build more housing pollution which destroys the environment to make way for more human filth! Find solutions so that people stop breeding as well as stopping using Oil in order to REVERSE Global warming and the destruction of the planet!

    7. Develop shows that mention the Malthusian sciences about how food production leads to the overpopulation of the Human race. Talk about Evolution. Talk about Malthus and Darwin until it sinks into the stupid people’s brains until they get it!!

    8. Saving the Planet means saving what’s left of the non-human Wildlife by decreasing the Human population. That means stopping the human race from breeding any more disgusting human babies! You’re the media, you can reach enough people. It’s your resposibility because you reach so many minds!!!

    9. Develop shows that will correct and dismantle the dangerous US world economy. Find solutions for their disasterous Ponzi-Casino economy before they take the world to another nuclear war.

    10. Stop all shows glorifying human birthing on all your channels and on TLC. Stop Future Weapons shows or replace the dialogue condemning the people behind these developments so that the shows become exposes rather than advertisements of Arms sales and development!

    11. You’re also going to find solutions for unemployment and housing. All these unemployed people makes me think the US is headed toward more war.

    Humans are the most destructive, filthy, pollutive creatures around and are wrecking what’s left of the planet with their false morals and breeding culture.

    For every human born, ACRES of wildlife forests must be turned into farmland in order to feed that new addition over the course of 60 to 100 YEARS of that new human’s lifespan! THIS IS AT THE EXPENSE OF THE FOREST CREATURES!!!! All human procreation and farming must cease!

    It is the responsiblity of everyone to preserve the planet they live on by not breeding any more children who will continue their filthy practices. Children represent FUTURE catastrophic pollution whereas their parents are current pollution. NO MORE BABIES! Population growth is a real crisis. Even one child born in the US will use 30 to a thousand times more resources than a Third World child. It’s like a couple are having 30 babies even though it’s just one! If the US goes in this direction maybe other countries will too!

    Also, war must be halted. Not because it’s morally wrong, but because of the catastrophic environmental damage modern weapons cause to other creatures. FIND SOLUTIONS JUST LIKE THE BOOK SAYS! Humans are supposed to be inventive. INVENT, DAMN YOU!!

    The world needs TV shows that DEVELOP solutions to the problems that humans are causing, not stupify the people into destroying the world. Not encouraging them to breed more environmentally harmful humans.

    Saving the environment and the remaning species diversity of the planet is now your mindset. Nothing is more important than saving them. The Lions, Tigers, Giraffes, Elephants, Froggies, Turtles, Apes, Raccoons, Beetles, Ants, Sharks, Bears, and, of course, the Squirrels.

    The humans? The planet does not need humans.

    You MUST KNOW the human population is behind all the pollution and problems in the world, and YET you encourage the exact opposite instead of discouraging human growth and procreation. Surely you MUST ALREADY KNOW this!

    I want Discovery Communications to broadcast on their channels to the world their new program lineup and I want proof they are doing so. I want the new shows started by asking the public for inventive solution ideas to save the planet and the remaining wildlife on it.

    These are the demands and sayings of Lee.

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    • schneidehouse

      Holy shit … Holy Shit … HOLY SHIT …

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    • Dirk Diggler

      Froggies…

      … and of course, the Squirrels.

      That’s where this thing starts to go off the rails.

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    • DMG

      HA ha! Quick one in the head solved that fuggers problem(s).

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    • Dayman

      Seems reasonable enough.

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      • Big Favor

        Kill yourself now if you agree with this manifesto. Do the environment a favor.

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        • Peanut

          After my wife reads this, she ought to be really in the mood!

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          • Bond

            have my channeler call your channeler

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          • JakeGint

            Serious? Was that the nutjobs actual demands?

            There are many enviro-whackjobs who feel that way about people, btw.

            For some reason, they never want to subtract themselves to spare the planet their own “parasitism.”

            ____________

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  21. Le Fly

    Let todays melt up serve as a reminder to you know it all bearshitters: this tape is hard

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  22. Rand

    Lets let swat put lee down, problem solved.

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  23. College Trader

    Fly,

    This song reminded me of you.

    http://www.youtube.com/watch?v=RNwFBsv0UuU

    College

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  24. Rand

    Looks like SWAT knows its business. Problem solved.
    Typical end to hostage takers in texas as well.
    So if you want to save the world, dont go to discovery channel with a plan. They might hold a reality show called the bullet and you.

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  25. arch

    dow 10500 or 10700 ?

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  26. Rand

    Why is the world chock full of morons willing to solve our crisis with guns?
    Curse you John Brown for saying, “the problems with the confederacy can be solved with a well placed bullet.”
    Booth followed that advice as well as every terrorist in our world.
    Curse you john brown..

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  27. theman

    That is a very lame band.

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  28. Le Fly

    Fuck you. Long live John Brown

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  29. Rand

    Aww..

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  30. stocksrider

    Looks like I just became the King of the PG. Thank you Fly for the opportunity. I just posted my welcome note – http://ibankcoin.com/king_of_the_pg/2010/09/01/attention-the-king-is-speaking/

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  31. Helicopter Ben

    This bull market will never end. BUY EVERY DIP for all eternity and WIN WIN WIN!!!

    The reason is that if the economy is bad then we will rally on Fed QE money printing and gubmint stimuli from the magic money tree. And if the economy is not bad then we will rally on good earnings and shit like that. Buying dips therefore is a NO LOSE situation as long as we have the Fed backstopping the stock market like we have now.

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    • IndiePad

      People who still believe the fed has a real substantiated effect on the markets need to stop reading zerohedge and that infowar website. It only prolong a victim complex. That losing feeling must be put to an end.

      Move on.

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      • Helicopter Ben

        The Fed has total control over the stock market and all asset prices. To think otherwise is naive…

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        • Indie

          nope. read what you wrote again. completely hyperbolic statement which tells loads about your readiness to believe anything that will satisfy your state of victim-hood and lack of control over your own destiny.

          YOU are naive. come out of la la conspiracy land.

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