iBankCoin

FOOT FIRMLY PRESSED DOWN, HEADING FOR THE SUN

I’m back in my car made from dynamite sticks, not giving a fuck about the extreme flammables around me as I head towards the sun. By the grace of the Gods, I’ve been spared in the recent downtick in equities. Adding to the fact that I escaped the clutches of death that is VXX, I am banging on my jungle drums again–long egregious amounts of CPST, YELP, TDC, RS, BID EXK etc.

I was up 1.44% today and my energy level is much higher than yours. I don’t need caffeine or Red Bull. I’m fueled by winship pal. Watch and see the market shit on bears, as we head towards all-time-highs. Those highs deserve new lows in volatility, by the way. If you find yourself long downside products, listen to me very closely: capitulate or get flattened out like corn by alien spaceships making crop circles in your bullshit backyards.

Cash level: less than 10%

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42 comments

  1. jg

    fig, dammit!

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  2. Cascadian

    At least my backyard is big enough for that.

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  3. mhfgarwood

    mr fly

    working on your request

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  4. Anton

    “…flattened out like corn by alien spaceships making crop circles in your bullshit backyards.”

    Lol, pal.

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  5. Rat f

    YELP is a steaming pile of shit

    Thanks for listening

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  6. TheArtist

    TVIX now down 50% in two days…ETF poster child

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  7. Testicules

    Anyone paying attention to the Saudi/China heavy oil refinery project?
    China is out buying U.S. in Saudi oil

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  8. Whaler31

    The markets needed a few down days, for gods sakes.

    How about that way off the bid 9% AAPL flash-crash on the BATS?

    I guess if you had a buy order in down there you would have been filled.

    Carry on.

    The markets will resume their marching powder-fueld climb next week.

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    • How to beat the flash crash market
      How to beat the flash crash market

      Put in a $1 limit order on every $500+stock and get filled.

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  9. xxxHuggieBearxxx
    xxxHuggieBearxxx

    I have been mesmorized by watching VXX drop 5%+ day after day after day…its quite something.

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    • drummerboy

      i was disappointed the kid did it again,fuck,last year de-ent……tell you.he had to do it again? tsk tsk tsk

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  10. surplusdroids

    ALLLL aboard, HONNK HONNK. (NO CHEVY VOLT)

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  11. drummerboy

    etf’s are rotten tampons,after they suck your blood,they’re thrown away ha ha ahahahahahahahahahah

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  12. Tom

    GMXR – Fly, any interest in GMXR at these levels?

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  13. Scungelli

    I’ve got one thing to say, for a man who made his career at stock trading and shit to go from “Double Down” on VXX a few short weeks ago, to now be back driving in his car made from dynamite sticks not giving a fuck of the flammables around him, really says something. Just keep doubting shit – it only has begun going higher.

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  14. pjdempsey

    Thanks Fly. Good stuff. And A$AP Rocky is blowing up.

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  15. Halfbloodpope

    How is the house hunt going O’Fly (had mentioned you were Irish)?

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  16. widespread panik
    widespread panik

    Fly you got a lot of catching up to do! My family fund is up 30% with only 10-15% being at risk. Yes, my equity and options strategy is up 240% ytd. Apple will continue to be the best trading vehicle BAR NONE for the next 2-4 years. My Apple options strategy is in mostly dry powder waiting for a pre earnings correction to 580ish and then up to a 640 target pre EPS announcement. BAC/QCOR/QCOM/PCLN calls have been very profitable for me in the last 45 days. INVN/FIO also righteous.

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  17. Jason Bourne

    BATS make the market go BATSHIT crazy (no Ozzy Os-bourne supremacy)

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  18. lol

    Whats up with natural gas flash crash up?
    Any news?

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    • lol

      From ticker on the right of this page

      Natural Gas +0.36 (+15.69%)
      I don’t see ung or gaz up, must be after hours?

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  19. wilms

    Plutoniom Petey is by far my favorite of your alters. I’m right there with ya, long egregious amounts of AGQ.

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  20. Cyn

    Hey Le Fly:

    You mentioned reading Dickens a few blogs back. You should read “Scaramouche” by Rafael Sabatini. You are definitely the Scaramouche of the market blogosphere.

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  21. buylo

    Sr. Tropicanna is blessed as proven by da Teebow being magically transported near le Fly’s & his family, just like that!

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  22. Trading_Nymph

    Can’t decide of Germany is going to go all clam on me next friday with upping the EFSF/ESM, the market on Friday was thinking it will…still going back and forth. BTW, I HATE these liquidity rallies..it will be our black smoke death one day when money stops. Keynes isn’t working.

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    • Po Pimp

      Well, given your track record since April 2009 I think you can guess which way things are going to go.

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  23. xxxHuggieBearxxx
    xxxHuggieBearxxx

    I need to admit to myself that i am incapable of trading a melt-up market. I just cant do it. I have markets i excel in, and this is not one of them. I need to stand aside.

    Back to being down 2% on the year. Boo.

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    • xxxHuggieBearxxx
      xxxHuggieBearxxx

      check that, taxable is now down 3%….total returns are up 01% (including all accounts)

      i suck this year.

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  24. razorsedge

    see woods post.

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  25. Rat f

    Why the fuck would you sell something if it’s going up?

    You guys crack me up man!

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    • drummerboy

      when you want to sell, or feel it’s your time to sell, it has been written…….”THAT YOU SELL INTO STRENGTH”……..IBD RULE #, WHAT F$$$$KING EVER…and that is why people sell, when it’s up. class dismissed, no A game for yu

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