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

Off to Eat a Few Dozen Sandwiches

Because I have 50% of my book in cash, I am tempted to buy everything. Most of you pikers can’t hold cash in your accounts because, well, you’re pikers. But I have a mindset of a champion and heart of a lion when it comes to these sort of things.

Early this morning, the bitches JVA and JMBA tried to lure me into their whore house. I said “no thank you M’am (sp?) I am happily married, so fuck off.” Then that Weinstein guy left a comment about DMND trading down 30 cents on less than 100k shares traded. Again, I was tempted to double the trading volume and answer his stupidity with a 75 cent spike in the stock, but I refrained. BZH, KKD, LCC and NFLX offered me their wares; again, I said no.

I drew a line in the sand and said “as long as TLT is up, I will remain sidelined.” It’s fairly straight forward and easy to follow. TLT represents “de-risk”, a harbinger of doom and gloom for the boom in stocks. When money pours into bonds, you should be alerted. Plus anyway, no one wants to fuck around with heavy equity positions heading into the fall. Quit fooling yourselves, fucking jackasses.

“The Fly” is to finance blogging what Picasso was to canvas.

Off to eat those sandwiches: turning off my computer.

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26 comments

  1. zookini

    10%+ in two days and he chimes in on every little draw down. He’s working way too hard to call a top

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  2. moolahheaven

    BTW, CLASSIC kung fu flick, Shaw bros. ‘The flying guillotine’

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  3. Stan and Gregg

    Yay! Look at BAA!
    Too bad we sold it yesterday!
    Damn!

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  4. sp?

    ma’am

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  5. TraderCaddy

    What if FB just hit a bottom here?
    It would be a Cramer bottom.
    Not all that inappropriate in light of some of Cramer’s calls.

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    • Yogi & Boo Boo

      If $FB bottoms here I make a lot of somolians. Was Cramer actually dressed up with a football helmet yesterday? Asshats never change.

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    • Raul3

      Could be time to clean up the piker puke.

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  6. Mike

    cash is boring ..but steady..I will follow your lead and go eat a sandwich

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  7. Trading_Nymph

    Fly, I just added this to my Stock Bio “IN 2010 I clicked onto IBC and found THE FLY who has been my Teacher in MARKET MAGIC, he doesn’t know he is my Teacher, but he is”…just thought I would share this with you.

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  8. brawndonomics

    watching AIG and GNW as windsocks for US and EZ –

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  9. Yogi & Boo Boo

    Bidding for some $DMND. This Mike guy is getting really annoying.

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  10. Lawrence Bird

    wtf was that rip just now?

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  11. bleached asshole
    bleached asshole

    The Bearded Clam has the helicopter fleet fired up and ready for take off, Apaches will fill the skies, raining down greenbacks and driving the $SPX to new highs!

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    • ruggyup

      Bearded Ben has no idea what to do with Obama pulling on his panty liner and Joe Biden tickling his tonsils. It’s all a clusterfuck.

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  12. Sierra Water

    I love how Jeff Macke and his Elliott Wave guest this morning were trashing PMs and then two hours later they take the story off the from page of Yahoo Finance.. What plebs!

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  13. Sur Platonic Plateau Du Tecnocrats, B.R.A., D.J.D. upon Rookness.

    Fly! $VXX Boobies! (No ban).

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  14. TaoOfPatrick

    That’s why i have trouble having enough Dry Powder..I’am a fucking Piker.Iam learning…Iam learning.

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