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
23,471 Blog Posts

The Fear is Gone Again

Meh, this sort of tepid action in the futures, coupled with a mildly lower Europe has me second guessing my lack of faith in THE BEARDED CLAM. If I sell my APC position right now, I will book a 4.5% loss and raise about 10% cash, sending my cash position near 20%. That, my friends, is one of the added bonuses attributed when you buy shit in size. Most of you ham and eggers have little female positions, no offense to the women of iBC. I hope you understand that I respect the women in this business 100x more than the pikers who come to work everyday dressed like imbeciles.

I’m still liking and feeling shares of OPEN and may add to the position. It’s one of those stocks that if I sell, I am certain it will haunt me. I have bought and sold the name so many times before, much to my chagrin. I know valuations are stretched and the stock can pull back a little here; but they are a dominant force of nature. Hey, you dicksuckers in Kansas have no idea what I am talking about, due to the fact that you probably don’t have restaurants over there. You probably eat beans near the old campfire, fart it out, then go to bed. However, here in the civilized world, Opentable is a beast.

As an aside, I am pleased with iBC’s first day of delivering relevant news and information to the general public aka “the unwashed.” I hope you finance site fuckers out there fear my brand, for it is coming for you. You competing with me is like La Jolla competing with China on a manufacturing level. I have an army of supporters that will spit out content for mere pennies on the dollar, while you churn through VC money like an addle-brained donkey puncher on a credit card shopping excursion.

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28 comments

  1. Yabollox

    La Jolla has more Mexicans than China.

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  2. Winship

    Oh baby

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  3. Mr. Cain Thaler

    (laughter)

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  4. TraderCaddy

    Fly has apparently never had the fine BBQ at LC’s in KC (MO side).
    And for a treat go at night and people watch the hookers and addicts.
    Best BBQ West of the Carolinas.
    The only “open table” they know of is when the Health Department closes them down.

    http://www.yelp.com/biz/lcs-bar-b-q-kansas-city

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  5. drummerboy

    eat beans near an open fire and fart them out. ahh poetry at its finest rof

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  6. sniper6

    You don’t like the way I dress? Hmmmph, I happen to like wearing burlap leiderhosen.

    Chinese fuckery working well for sniper6 this morning, $7 billion trade defecit for the yellow horde (call me skeptical), I expect to sell my FXP position at $29 today.

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  7. The Fly

    Oh shit, this is not looking good, thus far.

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  8. sniper6

    And, will add LLEN at some point today, have about 1/3 position now. Depending on my unstable attitude, of course, but I’m thinking, mmmm, $7.50-ish

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  9. TraderCaddy

    Long SMH @ 33.64.
    Like INTC,NSM (earnings this PM),TXN,ALTR (upgrade this AM) bounce off gap down.
    Quickie daytrade.

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  10. The Fly

    Still not scared.

    OFF TO TAKE A NAP. When I awaken, my fortunes will be much better.

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  11. TraderCaddy

    Out SMH @ 33.82.
    Nap time.

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  12. TraderCaddy

    What is up wih these naps?

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    • The Fly

      Nothing. Us rich folk need our beauty sleep. Now quit your yapping, I am trying to nap here.

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    • checklist

      I frequently nap when everything has blown up in my face and for the moment all I could do is stare at my own bleeding jugular.

      very refreshing

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  13. checklist

    I think there is a reasonable chance that this will lead to a high VIX (say 30ish) that is close enough to a panic-party to flush out some opportunity. Why did the market tank so badly this morning? Chinese trade deficits? Why is it worried about the Middle East?

    I humbly submit to the world that these aren’t reasons at all. The market was simply due for a good old fashioned period of eating green beans and rice cakes after months of feasting on succulent racks of ribs, coated in various sauces. It just took the last couple of weeks to finally shake off that whole QE2/rigged market … fear. Fear that if people bailed and raised cash they’d miss out, because the market had to go up, due to “The Bernank”

    I sort of think that we wont have more than 5-6% more downside… right now, barring some actually major event out int he world. But maybe we finally get a buyable dip.

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    • jringo11

      unfortunately, the earth just shook down Japan tonight w/ a catastrophic 8.9 mag quake & tsunami…
      surprised that fucking swell won’t be knocking down my SoCal beach shack in a couple of hrs from now. scary sheet

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  14. SC

    “dicksuckers in Kansas”
    I guess I don’t have to say to myself “Is he referencing me?” WOW LOL Damn Senor I have had three friends sign up for the PPT. I had no idea they were dicksuckers.

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    • The Fly

      You and your friends and EXCLUDED from the dick-sucking category. It’s for everyone else.

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      • SC

        It made me laugh It’s all good lol If they make crappy trades I will be calling them Dicksuckers

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  15. The_Real_Hmmm

    Nibbled some GS because they are gold and gold is going up, duh.

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  16. KansasFarmer

    I also will exclude myself from the “dick-sucking category”. Indeud

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    • The Fly

      REQUEST DENIED

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    • Yabollox

      Does that include sheep?

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      • checklist

        I was in a porno-shop once, back when it was cool to go into those because it seemed so naughty, with my gf and a couple friends…

        there was a blow up sheep with wool and it came with velcro gloves. funniest thing I have ever seen, I started cracking up and cackling and giggling, and the tattooed guy behind the counter kicked us out because I was making a scene.

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  17. go4mars

    What’s a restaurant? PFFFFFFT.

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