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

MISSION ACCOMPLISHED

After punching holes in the sheet rock yesterday for the SHLD disaster, immediately, I dispatched my Voodoo physician to commit heinous crimes against innocent animals to further my stock market career. As you know, I sold lots of shit, but added to one position: VCLK.

In my personal account, I own WNR, TZA and VCLK. That’s it.

As a result of his crimes, I am benefitting in a great way today, as VCLK sprints, mind you, to “fantastical” prices. The 18% surge in VCLK wipes out my SHLD losses by a factor of 2. To get my shit in order, all I need is for CVI/WNR/ALJ to do their part and smash earnings.

I am most pleased to report, I’ve dispatched my Voodoo physician, yet again, to gather up local animals, herding them into death traps for monetary gain.

As an aside, I feel the market is for shit now and is likely to shit itself on little to no news.

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104 comments

  1. Mortimer Duke

    One dollar!

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  2. riggedgame

    Just when, and a what price did you buy VCLK? I don’t see it in the “Fly Buys”.

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  3. The Fly

    Maybe you are a liar?
    http://ibankcoin.com/flyblog/2011/04/06/fly-buy-vclk-3/

    Also, inside The PPT it is all archives with time stamps and prices.

    Fuck off

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  4. Prospectus

    The Fly always wins, even when it appears that he is losing, badly. Q.E.D.

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    • The Fly

      That is a very apropos statement at this juncture. Kudos to you for bring it to everyones attention.

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      • Bullish

        He deserves a promotion with a fancy title… Director of iBC Public Relations

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  5. Moolahheaven

    ‘Rigged’, either read all his posts or belay your bufoonery; your Mendacious Mockery of the Magnificent Fly will not Magnify your Miniscule brain. Long WNR long Fly!

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  6. Yabollox

    I’m glad the 2:00am nightmare is over and Fly is back in town!

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  7. hahaha

    here comes the bounce WNR

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  8. J. Livermore

    Retarded to be selling WNR now. Experience tells me to sit with my long. “V” shaped reversal in the immediate offing.

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    • john

      A rather successful trader once said an easy way to profits is to find the sucker and fade him. What other trades are you in?

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      • Prospectus

        LOL

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        • J. Livermore

          I hope you douche bags are here tomorrow to rescind your comments.

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          • john

            I was being tongue in cheek. However, I am not joking when I think it’s a bit absurd to suggest a V recovery just to make oneself whole. Moreover, what’s to say that the V doesn’t turn into a W. Nonetheless, as long as your thesis was to hold into earnings, come hell or highwater, then I hold nothing against your decision as it is aligned with your thesis.

            But let me ask you this. Once earnings are through, what will you do? If price does not recover to make you whole, will you wait longer? or cut your losses?

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    • HalfBloodPope

      Livermore, you seem heavily invested and gauging by your gravatar have traveled many more times around the sun than myself. For your financial future as well as my own I hope your experience produces many bear liver dinners for us both tommorow.

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      • Jakegint

        You know who Jesse Livermore was, don’t you?

        That’s him in the avatar. By now, his corpse may have traveled around the sun more times than his live body did, if you get my drift.

        _______

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    • Martin

      You can see the huge buying interest here. They can barely keep shares on the ask.

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      • J. Livermore

        Actually just saw a HUGE order on Level 2 on the bid at 15.30. Took about a half hour, but it was finally filled this morning.

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    • Edwin Lefevre

      You do know that the real Jesse Livermore went completely bust 6 times, being so broke he couldn’t afford a bus ticket to NYC to take a job. Ultimately he killed himself by blowing his head off with a shotgun.

      What if WNR misses…Poverty or Last Rights?

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  9. Green Machine

    Dust settling on the silver selloff too.

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  10. xxxHuggieBearxxx
    xxxHuggieBearxxx

    WNR is pissing me off…i will give it until tomorrow before i start verbally abusing the name. But it is making me angry.

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  11. Rand

    Still here, but somehow cannot see your responses due to iPhone/app problems. I tried tech, but their response was lacking in intelligence.
    Tried Jeremy, he says the app techs changed something that affects the iPhone app, so now I just read but make rare responses.
    So far alls well in the oil industry.

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  12. The Fly

    Delete the app. It is broken and the developers do not listen to me.

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    • ummwtf

      Fly, I run a software company that also develops mobile apps for iOS and Android. I’d be interested in helping you out; a couple people in our office owe you for some great trades.

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  13. Alvari40

    Nice…….congrats on the VCLK.

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  14. discoordinated
    discoordinated

    If MOTR can’t reverse and close positive by the end of the day, I will abandon it for good (small position, so no problem). WNR is fine, just chillin and waiting. CCJ is holding up ok too.

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  15. theedge111

    Dollar down and stocks dont like it for a change.

    Eye opener.

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  16. discoordinated
    discoordinated

    I can’t go short. (except maybe CRM or AMT). We have only 3 down days and a test of the support formed on Feb. 18, 2011 on the SPY. It looks like a pretty tame sell off so far.

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  17. Hovis

    WNR now down 25% off the highs, on nothing but assumptions. Crack spreads are still above $26. I don’t see how earnings could be anything worse than mediocre, guidance will be good. This all seems quite overdone.

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    • discoordinated
      discoordinated

      I concur. As if the company has lost a quarter of its value in the last month. ha ha there must be some very emotional hedge fund managers out there.

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    • Martin

      It’s also up a ton from the $4 lows. There’s only been 7 down days in the last 8, it just keeps going lower. I do think it’s overdone at least short term, but damn, it needs to catch some real bids at some point.

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  18. Wilco

    Bot 500 shs ALJ @ 11.85…suck it

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  19. panamaorange

    EDC ERX TAN FSLR for daytrades, into the bell.

    Emerging markets have no business going down at 90 degree angles. And, neither does solar. This crash in the Solar sector TAN is a bit absurd. Even if oil falls, the lack of new nuclear construction will keep solar valuable. Solar and natural gas will break new all time highs in the next 18 months, unless the dow crashes completely.

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  20. discoordinated
    discoordinated

    I just shot MOTR in the head. I am not waiting for the end of the day. I will not come back to it even if it does reverse.

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  21. J. Cramer

    I told you tards that the refiners were a sell.

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    • drummerboy

      just like your fucked up call on chu.you had to wait a year for it to come back u fuckin jackwagon,even a broken clock is right twice a day

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  22. mike

    VXX and TZA calls ballin’ outta control

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  23. Quint

    With all the technicians around here, did anyone mention that the Russell produced and negative outside day on Monday? That normally leads to a few days of weakness and that’s what we got.

    Now people are talking about shorting this market…a little late for that.

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    • mike

      The BS from last summer, which started in May, is what has people shorting the market IMO. VXX was up around 50% from May 1-31 last year (peaked at about 80% on May 20th).

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  24. Prospectus

    About WNR: Just because something SHOULD happen doesn’t mean it WILL. I’m biased long from about $18, with an options straddle here at the 16 strike for earnings. Looking for $22, might get $13, but at least I know what I will do when it gets to either of those price points. Place your bets (or not) and we’ll see you tomorrow morning for earnings.

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  25. wolfdaddy

    fly- what are your thoughts on open ceo change as well as competition?

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  26. Rat Fink

    {cracks open a Heineken; stand to attention; holds up glass, pours small libation onto the floor for the Gods; chugs down the beer, draining the glass; kicks the dog; sits down again}

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  27. Mike

    my WNR being squeezed!!!!!!

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  28. Jim Cramer

    I was not wrong on the refiners! Booh Yah!

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  29. The_Real_Hmmm

    Buying up more POT here. Agriculture chemicals are selling off hard with commodities for no fucking reason. They are posting great earnings and guidance. The output commodities are trending higher too, according to the World Bank data. It is senseless utter nonsense.

    Fuck them, off to roll around in black gunpowder and then do a jig with steel shoes in a cave of flint rock.

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    • good old days

      ha. the black powder factories used to have hinged roofs.
      clear out the bodies, flip the roof back on, bring in the next shift

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      • The_Real_Hmmm

        Ah yes, that was “1800s Steve Jobs.” He probably wore a leather vest over a mock turtleneck back then.

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  30. razorsedge

    i lov pot,,,,

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  31. razorsedge

    sir fly r u sellin vclk? the tza call was great, im down in clne, and ree, but tza males me even,,,i hate even but better than –

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  32. A Monkey with Pair of Lobster Mittens
    A Monkey with Pair of Lobster Mittens

    When is the market going back up?

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  33. Trading Nymph

    My website where I keep my Diary at crashed…very fustrating.

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    • Trading Nymph

      Yeah…It’s back up….nevermind.

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      • razorsedge

        was just there, got in then crash, did u answer any comments?

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        • Trading Nymph

          Razor…I only started updating the overnight data…was about to post Challenger Press Release analysis and it crashed again. Didn’t get to see your question. What was it?

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          • Bullish

            He wants to ask you out on a date but is a bit embarrased to do so here on iBC. Please direct message each other for the rest of our sakes.

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          • Trading Nymph

            Lol, Bullish…Razor was a regular at Stockpickr, so many of us ex Stockpickrs have moved over to Fly’s Party Place. His Question was on China Housing…and yes huge speculation bubble.

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  34. TMoe

    My OPEN puts that I bought yesterday at open are skyrocketing to the tune of over 200% today

    MISSION ACCOMPLISHED!! For Sure

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    • good old days

      nicely done

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    • drummerboy

      tell me how it acted when it flashed crashed yesterday down to 12, yes thats 12. and then bounced back to 108. it was on the 1-3 min chart,it wont come up on the 5,15, etc. hold that puppy for a taste,, cause open aint done getting slammed, congrats

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    • J. Livermore

      Congratulations !!

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  35. TMoe

    if silver breaks down to 38 I’m pulling the trigger

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  36. Quint

    Silver – I knew there was a problem when two weeks ago my wife was hosting a bunco party. The ladies had one question for me…no, it wasn’t about my WNR…it was, “are you buying silver like everyone else?”

    Alarm bells, alarm bells…the bunco ladies know silver is hot!

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    • Dr Genius

      There were clowns going on the bbc saying that silver is the only way to invest because it keeps going up regardless of circumstances.

      No, silver is going down a hell lot lower than $40. You need to think $25-30 here.

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      • TeahouseOnTheTracks
        TeahouseOnTheTracks

        Not on this consolidation but maybe after we see new all time highs we will get the mother of all corrections to $25-30 … and of course, that too will be a buying op

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    • Wilco

      Normally its the dentist “what do you thing about metals?” question…but yeah bunco ladies will do nicely as well

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  37. James

    I would sell TZA sooner than later!

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  38. BlindReadAnt

    Fly, I can see you with any old NEW rifle with an expensive scope sniping off animals. Just somethin’ to chew on as you’re outta Zoo York on a more regular basis. My excuse to others – fraternity annual. “City slickin'” usually dismisses until they expend the cash and time to take hunting, grunting thrill of the kill planning to heart.

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  39. Dirk Diggler

    Motherfuck snoop, dre, death row, and this market. I’m going to go work on my project car.

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    • TeahouseOnTheTracks
      TeahouseOnTheTracks

      What are you building/rebuilding, a street racer or muscle car?

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      • Dirk Diggler

        ’97 840ci. The master cyl went out & there’s a list of about 5 other things that needed fixing, so my buddy just gave it to me & bought a new car. I rebuilt the master cylinder, replaced all sensors, plugs, seals, powdercoated the valve covers, etc. Next I’m going to replace the front suspension arms & other bushings. I have about $2K into it now in parts & it’s getting painted next week.

        https://lh6.googleusercontent.com/_9eP7xSIBbk4/TaoLqTRe_uI/AAAAAAAAavI/TlunPXWzXzg/s800/IMG_0033.JPG

        Engine bay before:
        https://lh4.googleusercontent.com/_9eP7xSIBbk4/Tbe26BywlaI/AAAAAAAAa0s/C0KabRXTcfU/s800/IMG_0056.JPG

        As of last night:
        https://lh5.googleusercontent.com/_9eP7xSIBbk4/TcFysR-6YlI/AAAAAAAAa_A/toVbdUnDeg0/s800/IMG_0174.JPG

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        • TeahouseOnTheTracks
          TeahouseOnTheTracks

          Sweet … a keeper or you rolling it?

          My son does muscle cars and even picks up leftovers from college kids that dump on the way home. Usually there is something minor wrong and a quick fix leads to a flip and quick cash for him.

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          • Dirk Diggler

            Haven’t totally decided yet, but leaning towards keeping it. My wife is in love with it & I already have a 540i.

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          • Jakegint

            That’s a nice talent to have, being able to fix cars.

            I have trouble changing the oil on my car.

            I’m wondering, though… w. all the computerization, etc., is it becoming increasingly hard to fix newer cars back up?

            _____

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          • Dirk Diggler

            Actually, newer cars can be easier to work on. If you have the right software (not hard to obtain), the car can actually tell you specific sensors or systems which are malfunctioning. This can save time and money troubleshooting. Combine that with the abundance of info on the net from people who have done the same procedure(s), and it’s actually pretty easy to work on modern cars.

            I change my oil with a mityvac topsider BTW. You stick a thin hose down the oil fill hole on the top of your motor & suck out the oil with a pump. Then flip a switch and empty into bottles to dispose of.

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  40. A Monkey with Pair of Lobster Mittens
    A Monkey with Pair of Lobster Mittens

    anyone adding to their WNR?

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    • TeahouseOnTheTracks
      TeahouseOnTheTracks

      I could use a little more girth … couldn’t hurt any, right Nymph?

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      • A Monkey with a Ham on Rye with Crackspread Sammich that Taste Real Good
        A Monkey with a Ham on Rye with Crackspread Sammich that Taste Real Good

        added mo, much mo at 15.27

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      • Trading Nymph

        Teahouse…Girth in someplaces not so good, but in other places it works perfect, lol. For WNR, let me look at it thru Nymph Fibo Eyes..

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        • Trading Nymph

          For WNR in the world of Fibo Nymph Style…there is very strong support at 15ish on the daily multi month chart..if it Breaks that I would run away from it quickly. On the upside, resistances is at 16.95 that I would not be surprised to see a retest of it. For the overall market we are now in a downside bias, so that never helps if you want to go long…

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          • Trading Nymph

            Oh and for VCLK..19.19ish very STRONG resistance. It’s the 50% retrace level of all time high and 2008 low. BTW for the overall market downside…would expect a drift down to 1313ish range if traders follow the decrease in the Advance -Decline Volume of the NYSE. Yet, over the last year they haven’t been doing that, even when people were selling the Market still went up…so silly.

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          • TeahouseOnTheTracks
            TeahouseOnTheTracks

            Who doesn’t like upside with a little resistance at some point, right Nymph?

            And a retest is always appreciated especially when already long …

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          • Trading Nymph

            Tea…The whole game is just Support and Resistance test of Computer systems these days..darn Quants. That is why I am so obsessed on learning what others are seeing that the Bots missed in 2008,

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    • ruggyup

      No, I have a rabbi in waiting.

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  41. shipwrecked&alone
    shipwrecked&alone

    WNR… all that matters is crack spread sustainability and a debt reduction program laid out clearly and screamed by management on Thursday CCall.

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  42. The_Real_Hmmm

    I just got off the phone with the bottom in POT. I figured I’d call it.

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  43. TeahouseOnTheTracks
    TeahouseOnTheTracks

    I feel some blood rushing into the WNR …. hope it develops into a ZAMBONI.

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  44. speedius

    From twitter, with slight edit:

    @Centrifugal
    Michael Davey
    Nice adage: If your $WNR looks to be on the chopping block, but it is not cut off, you’re probably in the right place…$PPO reports tonite

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