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
23,452 Blog Posts

Mathematically, It’s Time to Unwind

If you are similar to me (none of you are like me), you have big dicked gains and have an IQ over 150. Such a person, like myself, would start to unwind some of his positions going into the second half of December. Granted, it’s just the beginning of December and I have a 35% cash position. But, there’s a method to my madness.

I endeavor to buy ALL DIPS. However, I cannot buy dips without cash. Do you see the rub? I demand answers and I repeat: Do you see the rub?

I like HERO and PWAV here, bur cannot buy any. I am bounded by my methods, for they keep me disciplined. Believe me, there is no greater feeling than participating in a rabid, foam-mouthed melt-up. Furthermore, there is no greater pain than missing out on such a run. However, there comes a time when you must scale back a bit, especially when you’re having too much fun. Judging by the 8 fold increase in my personal accounts, I’d say my fun is excessive and belligerent.

Go eat pretzels and kick old people in the chest. While you’re at it, be sure to raise a little cash, so that you can nibble on dips, like a large rat stuck in a sugar cone.

As for me, I hedged my personal with SCO and “cashed up” for clients. With 50% year to date gains and a time machine at my disposal, I am well positioned to outstrip you for the foreseeable future.

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40 comments

  1. panamaorange

    We crashed 1300 Dow points from mid-December 2007,into following mid January.This invalidates the premise that we have to rally in holidays.
    But, “fast money” says oil has to go up because its cold in england. Seriously, that was there premise for oil prices a few days ago. Hard to argue with a premise so convoluted.

    http://www.youtube.com/watch?v=Ocy8TseK88I

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  2. Nick Nolte

    “I’d say my fun is excessive and belligerent”

    I’m all about belligerent fun, count me in.

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  3. ajb_2010

    oh man, Mr Fly, thank you for the constant blogs, love the humor and venom u spew, i really can picture duck brained people getting upset at these posts LMAO!!! But yes, raising cash good idea :P, agree

    nice job Sir!

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  4. Jenna Jameson

    “I am well positioned to outstrip you for the foreseeable future.”

    Let the record show that no one outstrips “The Fly”.

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  5. Frank White

    Things are getting silly again in the semi space. Bought 3k SOXS @ 16.

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  6. Mr. President

    I cannot help but wonder, Mr. Fly. 8-fold increase in how long?

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  7. TheArtist

    raising cash, puttng it back to work..raising cash, puttng it back to work..raising cash, puttng it back to work..raising cash, puttng it back to work..
    all this lifting makes me tired

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  8. Triath1337

    Hey all, any opinions on moving forward with FTK and EXK?

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  9. bullcrap

    I call bullshit

    one day Fly is up 42% YTD, the market goes sideways and then he is up 50% YTD

    don’t forget Fly was balls to the wall short during half the melt up in his personal accounts ( TZA )

    Just WTF ?

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    • The Fly

      Never went balls to walls short you imbecile. And, I’ve been making 2% a day for the past week. Where have you been , dick-sucker?

      Perhaps you missed the part when my 2million share position in FTK doubled over the last month?

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    • Aristotle

      You stoopid f$cker, the Fly wins when he appears to be losing!

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  10. A Monkey with a licorice walkie talkie
    A Monkey with a licorice walkie talkie

    ah yes raise up a little cash. wtf happened to the silver miners today? ka-boom.

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  11. Yogi & Boo Boo

    Well done sir, and thank you.

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  12. Frank White

    HRBN remember this one? Coming back to life….

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  13. Quint

    These pretzels are making me thirsty.

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  14. Le Fly

    Made that loss up and more, dickface

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  15. The_Real_Hmmm

    I was thinking the same thing with dollar-commodity activity. I got some SCO too which adds an interesting flavor to my risk profile given my PWER holdings. Tastes like sunflower oil.

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  16. CPA

    The Fly is his own accountant. 35% cash is not included in gains. He has “accounts” rather than one account. Only the Fly knows WTF his returns are. He was deep in the red in that FTK crap.

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  17. Colonel von Ryan

    This market cannot be denied although I have taken profits off of the table. Ben will ensure that everyone is herded into the market corral, tenderly whipping anyone who strays into the bond market, buy’s CD’s or heaven forbid in a savings account.

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    • panamaorange

      As china starts to implode, there wont be anywhere safe to hide. Ben’s buddies, the JPM and GS trading desks, will get blown up like everyone else. He might as well draw up the QE 4 documents now. He’ll probably need them before february.

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      • Colonel von Ryan

        Yeah, just think about it. With 9.8% unemployment the world leaders are scared shitless because most of their handouts comes from the American middle-class tax bank. It’s in their best interest to keep us working as long as possible before we blow up…

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  18. Frank White

    The Fly counted to infinity, twice.

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  19. Swinging for the fences
    Swinging for the fences

    Lightened up a little

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  20. Savagenation

    I’ve heard somewhere that Liberlism is a mental disorder.

    After watching Barack Obummer just now I submit that the above referenced comment is in fact true.

    Good day to you sirs.

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    • Frog with African Jungle Mask
      Frog with African Jungle Mask

      Wow, liberal bashing. Such a unique unheard-of contribution to the board here. So rational & fact oriented too.

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  21. Savagenation

    “Liberalism” ^^

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  22. xxxHuggieBearxxx

    THESE BASTARDS ARE TRYING TO KILL ME

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  23. DownTick

    “While you’re at it, be sure to raise a little cash, so that you can nibble on dips, like a large rat stuck in a sugar cone.” Bravo. I nominate this post for the 2010 National Book Award for Poetry and the Frost medal.

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