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

You Shall Have Your Rally, And More

No one gets in front of a freight train and lives to talk about it, over tea and crumpets. If you are interested in ideology, GET THE FUCK OFF MY BLOG. There are thousands of inferior blogs out there, penned by midgets who mange 4 figure Zeeco accounts, who’d be pleasantly elated to see you on their site. To be honest, as opposed to flat out lying to you, I do not care for your company. While it’s true, I run and operate a first tier financial blog and employ many to relay up to date, top shelf, financial commentary; I fucking hate you.

Please remember, when I use the word “hate,” I mean it in the most sterile/almost medicinal way possible, as I have no emotions with regards to this website or my readership, aside from monumental indifference. I have warned many of you about “the coil”, alongside the seasoned pros here on this site, namely Scott and (CH). However, you chose to ignore and ride the FAZmobile to death. Listen to me, ever so intently: YOU FUCKING DESERVE TO LOSE MONEY. Your loss is a net gain, somewhere in the world.

Just to be clear: iBankCoin doesn’t whore itself out for VC money or any sort of “support.” I could give a fuck if news algos pick is up or if CNNmoney acknowledges my greatness. As far as I am concerned, all of those fuckers can shine my shoes, twice over, after I drop gravy on them. We are self sustained, due to the fact that success breeds success. Got that, Mr. Business Plan?

Good.

Into the bell, I am looooong egregious amounts of TNA, UCO, FAS.

NOTE: For the first time since we launched his service, Scott Bleier, in light of the Labor Day weekend, is extending the gift of FREE TRIALS to his readers and admirers. Once again, Scott is one of those guys you need when the markets get dicey. His service is top notch and is well deserving of your undivided attention. So go sign up now.

[youtube:http://www.youtube.com/watch?v=-BNh6HPN6tk&feature=fvst 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

136 comments

  1. The Zombie

    The Fly is God!!!!!!!!

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    • enigma

      The Fly is Scott Bleier!!!!

      (Not really. Just seeing if you plebs were awake!)

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  2. SpeeroTheKid

    weird – was just jamming that

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  3. mrkcbill

    Dude

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  4. TA

    Still holding VXX?

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  5. Peanut

    I want my +40 DOW points now, and tomorrow, and the day after that and the day after that….

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  6. hubbs

    Fly – so much fun visiting this blog. So for now no sell of longs and still more upside ahead?

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  7. Jakegint

    I’m still baffled by the previous post, specifically:

    I am being extremely patient with all of my positions, as if they were faberge eggs (no homo).

    Do expect your positions to hatch?

    ________

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    • The Fly

      faberge eggs do not hatch Jakey, as they are collectibles NOT for consumption. However, I gather the hillbillies down there might try to make eggs benedict out of them.

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      • xxxHuggieBearxxx

        lol

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      • Jakegint

        Of course I know they don’t hatch. They were the nejeweled favourite of czars and later, questionably heterosexual publishing baron Malcolm Forbes Senior.

        That said, it’s your metaphor that’s all a-botch, old squire.

        You said you were being “patient” — as with your jeweled eggs, as if perhaps you expected them to somehow evolve under your quiet solicitude.

        I assure you sir, they are wholly inert.

        ___________

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        • panamaorange

          This market is caught in an eternal battle

          The inflationist “car people” vs the deflationist “egg men”

          http://www.youtube.com/watch?v=VnYgPjYggf8

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        • The_Real_Hmmm

          He implied dexterity.

          I’ve seen the eggz before when I was much younger and distinctly remember the one with the coach carriage. I imagine if Liberace and Elizabeth Taylor had an affair a few of those would fall out of her.

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          • Diver Dan

            What ? You don’t own any ? I am banking coin even as I gaze over my collection of Fabergé eggs.
            HA!

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  8. Steve,Jr.

    You really don’t hate me, do you Uncle Fly?

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    • mrkcbill

      +10 on the AV
      You do know what your doing causes blindness…you should really stop now that your wearing glasses.

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      • Steve,Jr.

        I think I know what you are talking about, but I am not sure. I will know more in several weeks. Fly,Jr. and I will be taking a class in Gym called Our Growing Bodies. Coach Karowski will be showing us a film and Uncle Fly is supposed to be a guest teacher. In the meantime my Dad,Steve The Neighbor, has removed all of the Victoria Secret catalogues from the house and cancelled the Sports Illustrated subscription. Something about swimsuits

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    • Trading_Nymph

      Steve…I think, as I sit in my faz, he is hating me……I can mess up a trade cuz I need to see how the market moves after the Fed buys treasuries…but ouch when Uncle Fly tells us how much he hates us…now that hurts.

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      • Septimus Pretorius

        Nymph, he does not hate you, he’s been trying to help you (and all of us) for quite some time now.

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        • Trading_Nymph

          that’s good….cuz I have too much fun here…and today just sucked.

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          • arch

            you should have been in FAS@ 17.39 and out today @ 20.40….i wouldnt even entertain the thought of sending a probe bet into FAZ until dow 10520 and would dump it if the dow goes over that…then maybe send another probe bet in @ 10700…but anyways get out your charts , look @ the 2 year chart for a beginning point i use the march 9th 2009 and draw your support lines to the present
            you have fouled a stock i do play …and you have sinned…..

            may i also suggest until you are knowledgeable of the 3x etfs dont post about them

            cordially,
            arch
            ps:now ban yourself for the month of september

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          • Trading_Nymph

            Who the fuck follows the DOW besides CNBC anchors?….as I posted last night it is a probe on Money supply and a eur/usd focus….

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          • arch

            i got news for you FAZ isnt connected to that…but the dow players do use FAZ…

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          • Trading_Nymph

            F/X market is the big dog….equities only it’s fleas….imho….

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          • arch

            if your trying to tie in the f/x are they bonds or currency

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          • Trading_Nymph

            F/X is the global currency market, the currency markets play off of the bond markets, play off the commodity markets, play off of the global equities….but the big dog is the currency market. The Eur/USD spiked on thursday…the global PMI’s were not that great, esp the overall globe PMI….but the Fed was in buying Treasuries at the same time the market gapped up….I’m still putting a lot of the puzzle pieces together…great example, last night at my website I had a resistance level of Advance – Decline Volume on the NYSE of 638,000,000 and we closed at 637,000.000…I really didn’t think we would have the power to push it up…but in my weekly article over there I had a SPX resistance of 1090 so I guess we did have to test it……sending out a tracking stock is my way to make sure I follow it.

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          • jaydeud

            a bit out of her depth. perhaps…

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          • Trading_Nymph

            Adding to FAZ position…QE chances reduced after BTE NFP…next week surge in Iron Ore onto the market due to India Ct lifting Ban and Monsoon weather ending will continue to drop spot, Miners are coming out with price drop contracts and the AUD/CHF will break causing a reversal of the risk on trade which will benefit a strong USD and a weaker FAZ.. plus the good NFP decreases the need for buying treasuries on the scheduled POMO on Tuesday…plus, 1090 is resistances for the SPX

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      • Russian Saylor

        are you sure you sit on your faz.. not your azz?

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  9. Nomercy

    No pain, no gain…

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  10. Asteroids

    Remember everyone, there is military weapons grade fuckery going on. I’m guessing the market will float up here for the next week. After that, the day of Atonement approaches.

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  11. chuck bennett

    eggs for breakfast.

    I remember when chuck ate eggs every day for a year.

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  12. Bullish

    Do you really hate all of us?

    I feel like I have battered wife syndrome… Fly beats on us daily yet we keep coming back for more.

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  13. deity

    To call le fly merely god is an insult…so quit doing that until you find something less of one.

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  14. The Zombie

    The Fly wins again.
    To the haters:
    “Your name is “you’re wanting”, you can’t play the man’s game, you can’t close…”

    Grab yourself a PPT Sub pronto.

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  15. Derrrr

    Man vs machine.
    Fly vs PPT.
    Are we not overbought?
    I will not get stuck in the vortex, so i have an egrefious amount of cash right now.

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  16. Derrrr

    I Apologize for refering to fly as man in man vs machine and PPT as machine…
    What i mean was God vs God.

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  17. Derrrr

    Hubbs. Its too late to add, too soon to get short and too screwed up in this bitch ass market not to be at least slightly hedged or to have cash. Fly is remaining long despite us being slightly overbought because he has balls of steel and titanium and shit.

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  18. xxxHuggieBearxxx

    Not to damage El Flys subscription monies, but i would like to see the doors to the PPT barricaded to new entrants. It’s a great party at the last thing i need is to be fighting elbow-to-elbow trying to get drinks at the bar.

    Let new entrants in only upon the death or possible disfigurement of a formerdistinguished gentleman.

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    • Bullish

      I like that idea

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    • WTF

      No, no, no! That’s a terrible idea. For some reasons (mostly related to taxation and FX) I cannot become a PPT gentleman right now, but it doesn’t mean I don’t plan to. Shutting the doors in front of my nose would be the cruelest act you could commit to a fellow human being. Sort of permitting boarding a lifeboat on a Titanic only to 1st class passengers.

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    • Comrade Enigma

      Dat idea is gay. Surely, zee Fly cares nuttink about money from zee PPT subscriptions, let alone his legacy os a space alien magician, who pontificates from his PPT blog perch, yah Herr Dumfkopf?

      (puffs on Bavarian cigarette)

      Yah, prepare to have your subscription prices rr-raised for such a blatantly discrr-riminatory idea!

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    • I_Remember_Huggie_From_xTrends
      I_Remember_Huggie_From_xTrends

      The funny part is that you actually believe that you’re in some sort of elite, underground club. While I’m not a subscriber (doing fine on my own–not that I doubt the PPT’s value), I can guarantee you’re not providing any valuable insight or ideas. Sir Fly would be better off cutting your subscription to let another random into the gang.

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      • HuggieBear

        Hey dipshit…i dont know what xTrends is so damn you and your claims….its possible there are other huggies on the interwebs.

        Furthermore, i never claimed to be adding value, nor was i asked to provide value in signing up. That doesn’t preclude my right to desire keeping additional eggheads like yourself out.

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    • Mr. Cain Thaler

      That’s a nifty idea: create an investment group where the seating rights have to be purchased like equity. Special offers made for people who provide value to get them in dirt cheap and everyone else has to pony up.

      I’m not saying the PPT should go that route, but it’d be an interesting business model.

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  19. Earl Flabbergasted

    But, but ,but, we got you and the PPT so what do we need Scott and the others for?

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  20. Yabollox

    Sticks and stones baby, sticks and stones.

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  21. TheV.King

    The V.King only hates most of you…But un-like the Fly my hate is in a very non-sterile emotional way of hating. Like I want to see your dead bodies hung from parlor’s wall sconces ….

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    • DMG

      I concuer.

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    • Guillotine

      I made egregious wins in TNA today, so you’re forgiven, Little Prince. Speak arrogantly again, and your head will end up in a basket.

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      • TheV.King

        My head in a basket? Listen sunshine why don’t you guzzle some more sperm and shut up while your V.King talks…Now do 100 deep knee bends 100 lunges…go ahead fatso…i said do it

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  22. carsony

    For those of you who stayed long into the bell today congrats! I sold to soon..But then again, nobody ever went broke making a profit.

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  23. AI

    The Fly is a fucking salesman http://www.youtube.com/watch?v=cVLAvix-dX0&feature=player_embedded#!

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  24. Le Fly

    You’re banned

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  25. Le Fly

    Wrong again jake. Wrong again

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  26. Le Fly

    You and your probes.

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    • arch

      got to send in a probe on a decline at the support level i want..it keeps my options open on what i want to do.

      i’ve been working late and no free time ,so with that and my pleading with the girly friend i managed to secure a PPT sub.to help me out a little..yes she finally came around and it has nothing to do with the curtains and drapes i sprang for

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      • Po Pimp

        You have to get permission from your girl friend for a $360 subscription? Fucks sake, that better be some damn good poontang.

        Strap on a pair and man up, yo.

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  27. FIG

    This is my final warning. Get into Semi names NAO, or lose out on big ass gains. Those companies that have been hit the worst over the last 3 months will be the ones that recover the most.

    I have made a significant investment into AMD and FORM. But those are just 2 names, there are many others that are gonna rip higher.

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  28. Le Fly

    Form is interesting from a balance sheet point of view. However they are about to start losing a lot of money

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  29. Frog

    Fly, do U have a guess as to how long the rally will last?

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  30. Vegastrader

    ISM up 4%
    Car sales down 10-30%
    Something does not add up??

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  31. london

    sure, party, fine – but I’m keepin an eye on how many folks are keepin an eye on the door. I sold UCO today – if jobs number isn’t bad enough, then this market and UCO will rise for weeks just grinding sense into the bears (oil back to $80). Plenty of time to buy back in. If the jobs number IS bad enough, then I”ll be in SCO in an instant cuz oil “ought to be $10”.

    Today’s a good day to just have no stake but I’m guessing the jobs number won’t be bad enough.

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  32. jaydeud

    “…monumental indifference…”

    Now there is an oxymoron.

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  33. Helicopter Ben

    http://www.safehaven.com/article/18045/bernanke-out-of-bullets-but-not-bombs

    Get ready for massive Zimbabwe style Hyperinflation courtesy of Helicopter Ben!

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    • Quint

      I don’t get all these hyperinflation calls – from the same people who say we are just like Japan – well, which one is it??? Obviously 20+ years later Japan does not have hyperinflation! It just bears making up scare stories so they can always claim to be right. It’s hyperinflation, no, it’s Japan, it’s hyperinflation!!!

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  34. arch

    http://www.space.com/scienceastronomy/nasa-vesta-asteroid-dawn-mission-100824.html

    gentlemen, you cant survive this impact…its been a pleasure knowing you…just in case

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  35. howie2902

    I would rather be hated by The Fly than be loved by the human garbage elsewhere.

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  36. Bullish

    US companies have figured out how to squeeze every drop of productivity out every worker they have. They have been doing it for quite sometime now… very well I may add

    We now have seen productivity fall slightly. Companies have gone beyond their efficient frontiers. The next logical step is to slowly begin hiring.

    I’m not sure tomorrow will be necessarily good but it should be improving. Couple that with real demand plus M&A… that should equal higher stock prices.

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  37. Le Fly

    The bank of afghan wants us to bail it out. Oh boy is obama fucked

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    • Bullish

      Quite the condrum…

      Fuck em, we got our own shit to straighten out

      Obama can kiss 2012 goodbye if he even entertains the thought

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    • The_Real_Hmmm

      Watch us bail them out under the condition we get exclusive rights to that huge fucking copper mine.

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  38. Sum_Ting_Wong

    The “Bank of Afghan”?

    There goes the goat herd futures

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  39. JakeGint

    A short treatise on stealth breakouts sponsored by the alabaster pride of Knoxville, Tennessee.

    Yes, you knew she had to be a belle, didn’t you?

    __________

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    • ruggyup

      And all along I thought it must be Lane Kiffin.

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      • Jakegint

        I do not think Lane is even from Knoxville. Worked there for a minute, yes, but I’m pretty sure he was born in Minnesota or some such icey berg.

        Meanwhile, if you are a Rocky Top fan, you must have felt a bit apprehensive upon reading this glyph from his bio:

        He earned his bachelor degree in Leisure Service Management from Fresno State in 1998 where in addition to football, he played basketball and baseball.

        I think that means he was qualified to run a strip club.

        ________

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  40. Jason

    Cause giving them to you, would be like throwing them away. Theyre for ppt members only. And i know what you all be sayin, bunch’a fuckin loser sittin at a bar, “oh i was a trader once, tough racket.”

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  41. J

    FLy

    Where the fuck is Doc Cane when you need him. Isn’t it this time of year he comes out from under his shell and starts making money for us.

    Can we get him back as I loved weather reports.

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  42. Le Fly

    We tried to reach out to doc. He is mia

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  43. Le Fly

    Indeud

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    • JTU

      Looks like you got your TNA @ above $40.00!

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    • Jakegint

      Speaking of “indeud….”

      We got the annual city bar association portrait-filled “yearbook” yesterday (we are not legals but we use them in great handfuls, so…) and we were going through it, mostly to see if there were any interesting faces in there, and we came across a guy from a one man shop with a big “heavy but neat” 70’s kind of beard and — get this — a huge pipe clenched in his teeth!

      So of course I see this, and I almost reflexively say out loud “INDEEEEEUUUUUUDDD!!” and start laughing my ass off.

      All of my minions came runnning over to see what all the commotion was about, and they all agreed (without knowing anything of the provenance of the term) that “INDEEEEUUUUUUUDD!” was the perfect caption for this mook’s bar association mug shot.

      I will have to see if I can scan it and send it to you.

      Good “office times.”

      _____________

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      • TraderCaddy

        We are after all talking about a local Bar Association in Ky.
        Please tell me it wasn’t a corn cob pipe.
        Any horse pictures in there?
        SMH and semis don’t impress me here.
        Maybe a gold reversal intraday.
        And Trading Nymph- Please write a 10 page essay on why I will never ever hold FAS/FAZ (and other 3X) overnight again.

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        • Jakegint

          Just write it on the black board 100 x — that ought to condition her…

          No, though the guy has a rural address, the pipe is not corn cob, but traditional black… the pic must be ancient as the glasses are late seventies, early eighties at best and the pipe & beard screams “California psychiatrist” from that same period. I think the guy’s a judge now, so he prolly doesn’t give a damn what his pic looks like.

          _____

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  44. Yogi & Boo Boo

    Hmmm, I wonder what fits Timmay is having this AM?

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  45. Bullish

    Have you guys ever heard of the September Surge?

    Hope all the shorts burn in hell!

    Calling my wife, gonna tell her no burgers for Labor Day… we’re going with Filet Mignon

    Ha Ha Ha…

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  46. Carsony

    Fwlt. Ready to run

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  47. Nomercy

    Mr.Fly…WTF happen with the YEN ?

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  48. riggedgame

    Loaded up on TZA at 30.95 at 9:45 AM This rally is overblown.

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  49. jimmie

    Obama’s going to come out with a fabulous economic package next week.

    In summary:

    You taxes are going through the roof and YOU WILL pay for cadillac healthcare for homeless people.

    In layman’s terms: FUCK YOU YOU’RE DEAD

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    • Jakegint

      Heh.

      Can you imagine being one of those mooks who fell for the whole “Hopey Changey” People Magazine-glittered line of fluffernut bullcrap?

      Wham! Bam! Here’s your “new new” Marxism, M’am!

      ______

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  50. WSJC

    Oh UCO, fuck you! just pulled up the account…..I’ve got some fucking stupid uco vs faz 3:1 ratio on right now……not working to say the least. UCO is a long term play, fuck it

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  51. Derrrr

    Tna hit 40… Fig that shit!

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