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
23,479 Blog Posts

THE DICK CHOPPERS HAVE BEEN DEPLOYED

Today I applied a tax to your accounts, those tipped with cement heads and small dicks. I bought into the maelstrom and came out victorious. As discussed earlier, my cash position is down to 35%, as I am looooong millions in WNR, TEX, CLF, DECK, IPGP and TNA.

Check my pedigree.

I warned you to avoid betting against sublime harmony in mathematical precision aka The PPT, yet you chose to press your bets in SKF. I offer no condolences, only disdain. The invincible Le Fly is spinning helicopter blades in your general direction, spearheaded with his WNR.

This is act 1. Next up, panic buying ensues, clown raping your zeroedge ass back into oblivion.

Today I made back 1 week worth of losses, aka more money than you will ever see in your entire lives.

[YOUTUBE:http://www.youtube.com/watch?v=1DqWpn7j5Ws 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter

124 comments

  1. MOOBER

    SHOMP!

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  2. Turnaround Tuesday
    Turnaround Tuesday

    early blood, late day face ripper

    Nice buys by fly

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    • pE-Y-Ekers

      no more like, “…wow you’re really fucking lucky! Your balls were being cut off with a dulled butter knife”

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      • The Fly

        BANNED

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      • The Fly

        That’s what you fail to understand. Luck had nothing to do with it. This was forecasted by me to you, as clear as day.

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        • JakeGint

          I think you need to re-read last night’s post.

          As well as my addenda in the PPT.

          I banqued large today.

          _______

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          • The Fly

            PFFFFFFFFFFFF. Jake, you can’t have it both ways.

            I stopped reading.

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          • JakeGint

            How did I “have it both ways” exactly?

            I told you what I was going to do, and I did it.

            The only thing short I hold right now is one third of the skiffles I had last night.

            I will keep those, btw.

            ________

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          • ALLPROz

            Jake, from your post last night…

            It started with a smidgen of a blip of “could be a pop tomorrow” and other 90% of post stated more likely a continuation of “look out below”.

            You hedged your post…

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          • JakeGint

            Perhaps you should read again? I said it was likely to get to 1050, but that I would be selling most of my hedges tomorrow as the day went on.

            True, we never got to 1050, which is why I still have one third of my SKFlles left. I have zero TZA and zero ERY left, as I actively sold throughout the day, and then set stops for the rest. Lowest print I got on TZA was $57.91. Lowest on ERY was $24.96.

            TZA I bought in the mid-40’s, ERY starting in the high teens, all the way to $23.50 something, btw.

            Look at the first chart on my blog to see where my target for the rebound is. Hell, look at the damn TITLE of the post.

            ______________

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          • Quint

            I saw those trades posted in the PPT…Jake nailed it.

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          • Bravo

            Relax, you both made money. It shouldn’t be a pissing contest….Unless of course it is….

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          • Dirk Diggler

            Agreed, Jake pimped the shit out of this tape

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  3. The Super Clam

    You come at the king, you best not miss.

    http://www.youtube.com/watch?v=WP-lrftLQaQ

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  4. Aristotle

    I lost 7 inches off my dick over the past week!

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    • Treepart

      That leaves you with -3″. No handicapped parking for you but you can tee off from the ladies tees.

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  5. BigMike

    Wow…so sick. I cant believe I missed this.

    I was at a meeting from 2:30 to 3:45pm.

    Good job Sir Fly, you called this all the way.
    You should archive yesterday’s post.

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  6. pE-Y-Ekers

    I commend the Fly. ’tis better to be lucky, than to be good right!

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  7. Quint

    This market runs on Meth!

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  8. tm

    Yeah, this is a healthy market we have here

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  9. Short Squeeze

    Choo-Chooooooo!!!!! Holy crap!

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  10. Treepart

    short covering cock chopping rallies. Hedged with some TNA 30 minutes ago, thank God.

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  11. TMoe

    Fucking Robots gone wild

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    • HFT Robot

      No, we’re just sucking the bears in…you don’t think we knew all the weak shorts would cover on a pop above 1100? The extra 24 pts was just for fun.

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  12. cheesefries

    green shoots!

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  13. Apocalypse Now

    40 S&P points in 40 minutes.

    Ridiculous. Casino.

    This is not a market. How it works is that they are colluding to get everyone on one side of the trade and then taking their money.

    Nothing more, nothing less.

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  14. Linda

    fuuuuuuukkkkkk!!!! kiss my fas!!!!!!!!!! LOL! okay not much to offer other than that. cheers gentlemen.

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  15. MOOBER

    Did the Chuck Bennett bottom hold?

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  16. The Fly

    YOU SHOULD ALL LEARN, by reading this.

    http://ibankcoin.com/flyblog/2011/10/04/the-market-runs-on-math/

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  17. Dave

    took back 1120…amazing. Back into our range….see you at 1200.

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  18. muttonfish

    This was the bounce for today I predicted yesterday after the close.

    I am somewhat new to this lovely webcite, but I believe the last hour of trading represented a classic WTF chart pattern, if I properly understand the lexicon.

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  19. Yogi & Boo Boo

    Fly wins again. PPT wins again. Yogi wins again.

    Thanks Fly. Best damn tool I’ve ever used.

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  20. Anton

    Does this mean CAP had his tongue cut off in the last 45 minutes?

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  21. MetalLeg

    Well done sir!

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    • 'merica

      Perfect bounce…FOR ME TO POOP ON!!!

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      • MetalLeg

        Too early. Give it a couple of days for reality to set back in.

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        • 'merica

          Agreed, now that I’ve had a chance to let this bullshit sink in. I’m still holding some slv puts. Missed getting out on the big dip down today and will likely have to settle for a slight gain.

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  22. Bill

    Fly,

    I was just reading your posts from the past couple days and there are a bunch of trolls polluting your comment sections. Perhaps you could create some sort of wall of shame than highlights all those banned and their moronic commentary. Just an idea but it may deter some basement dwellers with paper accounts from loitering your site with their trash.

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    • JakeGint

      We’ve banned over a thousand. That’s a pretty long wall.

      ______

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      • Bill

        Indeud, but it could include say the top 10,20 or 50. I suppose it may not even have that much of an effect on the trolls anyways.

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        • The Fly

          I am building an Ibc cemetery where you can see all of those who were banned in virtual graveyard. You can leave flowers, spit on grave or resurrect

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          • JakeGint

            Resurrect?

            How are they arranged? By IP address or by name?

            Surely there are “recurring trolls” here.

            ________

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      • MetalLeg

        A Wall of Shame would only provide incentive to make even more moronic comments. Banning using IP address is the only way to go.

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  23. DJMarcus

    So where are all the Fly haters now? Pls dont say banned I want to see their responses.

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  24. Cato

    Suck it bearshitters

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  25. AlphaBetaBanjo

    well played Fly…..geez you even warned the masses on twitter when you were getting the grease for the chopper Classic shit!

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  26. FIG

    I knew this was coming, hence I sold my shorts this morning. I missed the move this afternoon however, because of the useless 3 day settlement rule. This rally continues tomorrow.

    Wow, did anyone see the dive DRV took in the last 5 minutes?

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  27. pE-Y-Ekers

    closing statement “…Today I made back 1 week worth of losses, aka more money than you will ever see in your entire lives”

    That meant you were down a boat load of coins weren’t you. And yet youo transparently said you were only down slightly. Liar!

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  28. Trading_Nymph

    Just back to the 1120 range..the chaa chaa continues. Europe Soap Opera will be digesting the EU/France Bank Bail Out News and should throw it up in the end. BTW, they were very cute releasing it in the last hour when everyone reacted without reading it thru..bulls were really hungry for anything. IMHO ADP and Challenger tomorrow should be flat, they fired everyone and not really hiring.

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    • The Fly

      You’re finished Nymph. Game over.

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      • Trading_Nymph

        Nope..China hasn’t even come back from Vacation. Dry Shippers so far suggest no restocking. My Copper Bubble is only starting to explode..give it time. Europe is not going to fix this banking mess, and that will kill Asia who gets all their liquidity from those banks. Just an Aussie Euro pop on news that should be sold. BTW, Fly..lol,you know we are so lucky to being doing something we love so much…game will never be over, that is the best part of it.

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      • ruggyup

        Not finished. Games still on. This one’s always lurking like a wet dream.

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        • Random

          You have to admire a girl with stamina.

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          • Trading_Nymph

            Fly, I will remember this day as the day that AAPL released a lame phone. Fly, remember in 2010, even a trillion dollar stimulus out of europe was only good for a one day rally. The Clam didn’t QE at all because I still have his spine. Yes, the dip buyers are going to try a oversold rally..but the ECB meeting is this week and I expect dovish talk, rate cut, but no QE stimulus…do you really think today is the day that the Fighting Cats really fixed Europe? So far, Eur/USD is pulling back to 1.3330ish over a downgrade of Italy…Random and Ruggy, I have been following this Copper Bubble since early 2009 to learn about Bubbles, now that is a rough ride..but we touched our Oct 2009 levels so maybe not that rough of a ride……this is really going to be interesting if Fly is correct on his bottom call, I will remember the day 🙂

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          • Random

            TN – Duly noted. I sense you detected malice in my message. Quite the contrary, your conviction is respected.

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          • Trading_Nymph

            Random, I didn’t see it with malice..I saw it as props. I am always smiling thru all of this because I love it so much.

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          • The Super Clam

            What do you say to a woman with two black eyes?

            Nothing, because you already told her twice.

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          • muttonfish

            You are one sick fuck.

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  29. FIG

    Tomorrow I deploy cash toward TBT in a large way!

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  30. MOTV8

    August 3rd redux?

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  31. Meglodon

    Just a sad state of affairs when we the peole think this market is for real anymore.. Its one manipulated joke of a mess its soo broken its sickening.. HFT has ruined the game for just about everyone

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    • Prometheus

      I guess somebody wasn’t on the right side of things. complaining about HFT like a zerohedger

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  32. rookie

    well played man. congrats …

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  33. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Realize one thing people — HUGGIEBEAR LIVES!

    saved by a most egregious pack of cocaine-addled gorillas who raped anything, AND I MEAN ANYTHING, that stood in their path.

    Thank god for cocaine and gorillas.

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  34. sellSELLsell

    the fly is king.

    but you used the wrong BMF video. this one is a screen shot of CD cover and not the dope video of Rick driving sweet cars.

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  35. theedge111

    Moody’s just downgraded Italy.

    It now l ooks like the bulls just got castrated.

    I guess both sides are now dickless.

    ES plunging.

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    • JakeGint

      Edge — don’t get overly excited. It’s likely 1100 will hold here, no matter if the boot breaks off and floats to Algeria.

      I’d look more towards 1200.

      _______

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      • theedge111

        Jake

        I agree. 1200-1220 is my target as well.

        I closed out most of my shorts this morning except for a few hedges.

        VIX coming down off a double top is bullish as hell.

        I am going to ride things out in cash for a bit and re-evaluate here.

        I don’t like rocket rides north when the fundies look so terrible.

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  36. schizo1688

    congradulation fly….

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  37. Dick Durban

    Well played sir!

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  38. jimmy_two_times

    Fly, thanks for PPT SHOMP’d it up with the TVIX from 58.01 to 102.35

    cheers

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  39. ruggyup

    Adios no show Corpus Krispie. Ruggyup endorses Herman Cain! Watch your language please. I’m serious.

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  40. JTU

    Unbelievable rally into the close! Never thought we would explode to the upside like that today! Have to give you credit Fly for going to substantial cash when you did and for re-entering with precision.

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  41. London

    Ah, all is right with the world. When the last three posts go from “Fuck it, I’m in” to “The Dick Choppers have been deployed”, you just know Fly will be out in full breast-beating, purple-robed, “sun god ra” rah rah mode which, let’s face it, is why we’re all here. It’s the prose, people. There’s just nothing else quite like it, this side of Hemingway-on-Springfield.

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  42. tomhendrix777

    Fly you got your swagger back thats all you have been missing you are great

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  43. CarlTheTruth

    Guys; this doesnt end here. Dexia is only the beginning. Start looking for places to short, this is an oversold bounce and an opportunity to sell anything youre long. Nothing more.

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  44. ruggyup

    So, I’m 100% on with Herman Cain. In all seriousness I tell you his Secretary of the Treasury should be Trading-Nymph. Of course she’ll need a real name then but the legal creeps can figure out that one. How about it, the little sour piss-pot Geitner or the Nymph in a white gown.

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  45. carsony

    Great call fly today. I should of bought Tna as I watch the uup move higher and plan for the reversal. You timed the turn.
    I like everything about this site but the bad language.

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  46. futures

    Congrats on putting your plutonium petey costume on a few weeks early!

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  47. Quint

    How come 4% seems to be the magical range for this market lately?

    Although I didn’t think this market was similar to 2008, the way it moved in the last 30 mins sure reminded me of 2008.

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  48. Hurtsogood

    Would you plz ban me now before I tell everyone what a sorry losing year you’ve had, and that your sorry followers are a bunch of sorry little mommy grabbers. I’m sorry for you that you can’t get your fat ass out of your sorry ass, and sorry also that there are so many sorry ass losers who hang on to your sorry little pathetic diatribes. Sorry.

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    • Hurtsogood

      JK. I love the action going on here. Breath of fresh air.

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    • JTU

      Hey Hurtsogood! Is that what happens when you take it up the ass?
      Why do you waste all of your time serfing the web looking for places to relieve all your frustrations in the form of insults that you would never have the balls to say to anyone in person!

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  49. Captain Planet

    This late day rally was so goddamn obvious, I don’t know how people don’t see it coming. Everyone is waiting, waiting, waiting for the late day dropoff… then face ripping time. I’d be interested to see how many daily charts lately look exactly like this.

    The magicians at work…

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  50. Big snacks

    Well done fly

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  51. DRAXWIN

    Sorry,I have to disagree, that was pure luck “Today,” nothing to do with math, but pure insanity on some stupid headline out of europe… I’m not saying mkt oversold and it probably would have worked tomorrow… but trying to attribute that to the “PPT” oversold level is pure nonsense, for this afternoon’s casino action.

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  52. DRAXWIN

    and i like double negatives and run on sentences in my posts lol, I’m a math guy.

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    • lol

      The PPT is like the beutiful mind it puts algorithm on human nature which never changes. It doesn’t explain why the market will suddenly spazzing out and react the way it does but it knows it is prone to any kind of thing like that and when market gets oversold the leaders tend to do something to prevent from being pitchforked.

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      • lol

        Also there are those who follow the news and those who create the news and have inside information ahead of time.
        But WTF Buffet’s moodys just ambushed them all.

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  53. pgwarner

    News generated short squeeze rally based on a rumor. They can’t just print money in Europe. The countries don’t have the ability to bail out their banks, exception Germany, without trashing their credit rating and blowing their yields through the roof.

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  54. Frog Playing a Colorful Accordion
    Frog Playing a Colorful Accordion

    Yes, Trading Nymph for Treasury Secretary. Good idea.

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  55. 'merica

    Piker bearshitters sat, dumbfounded, maniacally refreshing their Netscape browsers watching as their account balance was swiftly decimated – 6,549… 6,104… 5,320… 4,304… 3,201. “Go down you piece of shit! What the fuck? Okay, it has to turn lower now that it’s 2:40, here come the Indian sell bots.”

    In parallel, thousands of butt cheeks unclenched as the bulls refreshed their Netscape browsers with great fervor. “Alright, here we go. Yeah, baby – keep it going. Holy shit, I’m rich! I’M FUCKING RICK ROSS!”

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