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

More Tinder, More Fire

Breadth is decent and short sellers are in a state of panic, following yesterday’s “surprise sex.” Do not get flummoxed by the rally, for there was never a choice. The market had to rally, just like you have to pay taxes or die. Instead of getting all worked up about it, why not do some vertical push-ups off a fire hydrant?

Very soon, “The Fly” will be back to drinking large quantities of whiskey and devouring the biggest steaks known to mankind (heavily salted, lightly peppered). But until that happens, there is much work to be done. It’s important to note how retarded the people at HPQ and DELL are for this ongoing PAR war. I mean, really, the company is a piece of shit. All of a sudden, the executives at both companies are willing to pay whatever price necessary for PAR? Whoever is making these absurd decisions should be fired twice, then slapped in the face with an egg sandwich.

Look, as long as TLT ticks lower, banks can be bought with impunity. After all, it’s their profit margins we are talking about, no? Should TLT down-tick to $95, I can see BAC trading as high as $17. The problem you need to wrap your little brain around is the ominous seasonality factors. And, don’t forger, Wall Street 2 is scheduled to launch 9/27/10. I fucking told you many months ago the market will crap-the-fuck-out, just in time for that movie. It has been written; therefore, it must be so!

With my money, I am beginning the process of wanting to take profits on my longs. I am not in sell mode yet, as I am impressed with today’s breadth. However, I am getting there.

In the meantime, it’s a bad idea to open short positions here, so early in the morning. Never mind, you’re too fucking stupid to understand anything. Have at it, tinder.

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48 comments

  1. The Big Ragu

    FIG Bitches!

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  2. Mr. Cain Thaler

    Sold some APC for $50.22 from $9.07.

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  3. needle dick the bug fucker
    needle dick the bug fucker

    market has no conviction… VXX is down Oil is down and so is TLT..

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  4. Yabollox

    YIP

    (Yabollox is pissant)

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  5. TheV.King

    The V.King sold his position in C.Z 6500shares up 4pts plus 1 dividend payment

    I will be posting to the gentlemen of the PPT my next move…..

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  6. FIG

    After months of getting killed, semis looking ready to turn around.

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  7. Bullish

    “why not do some vertical push-ups off a fire hydrant?”

    LOL – off a fire hydrant? I prefer the corner of my desk.

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  8. TraderCaddy

    PAR is an important player in something called cloud computing.
    Not sure what that is but I am pretty sure I was cloud computing when I was about ten years old
    I would lay on my back with the warm spring breeze (Feb. in Miami) hitting my face, and then stare into the crystal blue sky, dream about being the next Sandy Koufax or Ron Santo, and count the clouds.
    I was cloud computing way ahead of my time and didn’t even know it

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  9. JuiceyFruit

    I loves a rude, arrogant, offensive fly, in the am … kinda like napalm, with my java.

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  10. WTF

    Surprisingly, the biggest drawdowns of my trading account are not trading-related. They are caused by my ex-wife. I wish I were told about proper risk-management 10 years ago…

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    • Seraphos1

      Its funny how much time and effort we put into research, tracking, analysing all for the express purpose of eking out a couple % on our account and one vagina can can ruin years of work in days.

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    • TraderCaddy

      Some advice.
      Clean out your trading account (do it gradually over time so it doesn’t look suspicious).
      Buy some gold coins and the rest in cash
      Get a couple of safe deposit boxes and put the assets in there
      Shoot off your finger tips so you can’t work and then go after your ex-wife for support because you are now poor (wink wink) and can’t work.
      I am surprised your attorney didn’t advise you.

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      • Jakegint

        I am surprised he wasn’t better advised prior to entry.

        There should be an adage for marriage similar to the famous one used in warning against criminal activityt:

        “If you can’t do the time, don’t do the crime.

        ____________

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        • drummerboy

          more like the fuckin you get,for the fucking you gots.lololol fucking been there, done that. i am the most happily divorced person i know.

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    • Phil

      http://www.lovesystems.com Now the $3,000 bootcamp costs look like a bargain 😉

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  11. Phil

    Cannot wait for the press to scream buy, buy, buy after declaring Septemer the worst month ever. It’s really not that hard to set up an Excel spreadsheet and check the calender effects yourself. You’ll be surprised to see that the second half of September has historically been the weak spot…

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  12. TheV.King

    “Remember; without strong calves you have nothing”….. No one, not even ex-wives attorney trying to take your legs out from under you can take away massive calves….

    V.King measurement ideals for all his followers

    1. 6.5 times your wrist gives chest girth
    2. 85% of the chest girth produces the hips
    3. Take 70% of the chest girth for the waist
    4. 53% of the chest gives the thigh girth
    5. The neck size is 37% of the chest
    6. 36% of the chest produces the upper arm girth
    7. The calves come out a little less at 34%
    8. The forearms get 29% of the chest measurement

    Oh and sell your C preferred Z shares

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    • Jakegint

      We’ve got a problem, Houston. I just measured and my forearms are 105% of my chest girth.

      I’m hoping these little anchor tattoos will help me “blend in.”

      Hell on the suits though.

      ______

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      • TheV.King

        No problem…you will just have to move your seat to our advanced class…

        now get your self next to a wall, get on your stomach (like your going to do a push up) toes on the floor, heels against the wall……now lift yourself up in a push-up motion… finally with your feet (reverse spider crawl) the wall… use your hands to bring your body towards the wall so you end up in a handstand position.

        do 6-8 reps for 3 sets * try and keep your back straight

        V.King it

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    • Humpty Dumpty

      Cool, V.King.

      Here are my measurements:

      1. 65.5 times my wrist gives my chest girth
      2. 100% of my chest girth produces my hip measurements
      3. 125% of the chest girth is my waist measurement
      4. 5% of the chest gives the thigh girth
      5. The neck size is equal to the chest
      6. 6% of the chest produces the upper arm girth
      7. The calves come out a little less at 4%
      8. The forearms get 2% of the chest measurement

      P90X sucks. Waaay too much work involved. What class do you recommend I enroll in? Can I still follow you?

      Anxious and sitting on a wall.

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  13. stocksrider

    I just wrote a post in “King of PG” when PPT reaches 3.0 and not overbought. In such cases, is it possible to conclude that the market has reached a short term high? My studies suggest yes when one of two conditions are fulfilled. Here are the details – http://ibankcoin.com/king_of_the_pg/2010/09/02/a-study-on-when-ppt-reaches-3-0-and-not-overbought/

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  14. alphadawgg

    Mariner Energy (ME) rig explosion this morning. They’re not even waiting for results…SELL!, SELL!, SELL!

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    • TheV.King

      God hates the Gulf Coast (except for the Saints,obviously)

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      • alphadawgg

        Doesn’t appear at this point this will be a BP-like fiasco.

        Indeed, God loves his saints.

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        • El Presidente

          That’s it! I’ve had it, and I’m not going to take it anymore!

          DRILLING MORATORIUM EXTENDED, INDEFINITIELY.

          Defy me, and I’ll declare martial law.

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          • alphadawgg

            Barry needs to work on his spelling of “indefinitiely”.

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          • TheV.King

            I’d rather Chavez rather than Osama I mean Obama…at least Chavez loves his country…

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          • alphadawgg

            Barry loves his country, too…..the radically different one he has always dreamed about running.

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          • Jakegint

            Barry loves this country, just not any more than he loves every other country in the world, on a wholly equal and indiscriminate basis.

            To commit to anything stronger than that than that would be jingoist/racist/fascist, etc.

            _________

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          • IndiePad

            Chavez only loves himself.

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  15. alphadawgg

    “With my money, I am beginning the process of wanting to take profits on my longs. I am not in sell mode yet, as I am impressed with today’s breadth. However, I am getting there.”

    Sell mode will probably come tomorrow, ahead of the long Labourious (sic) Day weekend.

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  16. StocksRider

    Just sold all my remaining SPY longs to book more solid gains. I now have very few selected longs remaining. I will start stalking short depending on how the market condition unfolds in the second half of the day. Just riding with the roller coaster – in and out.

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  17. jjjsix6

    Another oil rig exploded.

    http://news.yahoo.com/s/ap/us_gulf_rig_explosion

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  18. Peanut

    A fine piece of classic literature!
    Thank you for my morning castigation.

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  19. needle dick the bug fucker
    needle dick the bug fucker

    whats the deal with RAX ?? Stock has been moving higher… Take over?? I know 3PAR is into cloud…

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  20. Bo

    Fly,

    Wall Street 2 opens on 9/25….. Thats the only mistake i ve ever seen you make.

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  21. Rand

    Oil rig explodes in gulf, 80 miles from vermillion bay, just west of bp disaster!
    Ah, the summer.

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    • Diving Team of the Guardians of the Islamic Revolution
      Diving Team of the Guardians of the Islamic Revolution

      Another glorious victory of our courageous warriors!

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