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
23,446 Blog Posts

Another Constructive Day

The longer this market stays up, the more impatient the weakling bears become. The longer this consolidation gets, the bigger the potential breakout becomes.

I think it’s fair to say the heart of the margin call fueled liquidation is over. Whoever needed to raise funds did so already. Things are starting to slow down and I am seeing certain stocks behave again. We’re not out of the woods yet, but I put zero credence into the opinions of people who’ve never done this before and who’ve been screaming “bear market” for the better half of 5 years. I’ve been at this since the mid 90’s and have escaped every trecherous market on top.

You have no reason to not believe that everything will work itself out again, especially since rates are low, the economy is performing and the PE for the S&P is just 15.

Take all of your pessimistic cries for help and shove off.

So far my WDAY for YELP swap is going according to plan. I am betting on a better than expected result out of FB, which will then boost my YELP holdings to break-even.

I am down just 8% in the position now and up 0.45% for the day, so far.

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25 comments

  1. billy

    yea right, bunch of horse shit

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  2. billy

    I demand to speak with Teddard

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    • Anton

      At the moment, teddard is busy pointing out where the restrooms are and explaining the complex responsibilities of those seated in an exit row.

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      • Anton

        “Awaiting moderation?”

        Then please allow me to add, “Fuck fuck fuck fuck fucky fuck.”

        Thanks for the moderation.

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  3. bob

    awaiting moderation? no more freedom of speech?

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  4. it is showtime

    Spooky action at a distance

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  5. Ted The Sled

    Maybe instead of “founder” which is total lame cock how about

    —- “Founder / Lead Global Corporate Managing Director of Portfolio Management Strategery”

    —- “President and Co-Vice President of the Self-Indulgence Fiduciary Council, Governing Board Member”

    —- “Principle @ the iBankcoin Center For Traders Who Can’t Read Good And Wanna Learn To Do Other Stuff Good Too, we teach you that there’s more to life than just being really, really, really undisciplined. Right kids?”

    Rolls right off the tongue

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    • The Fly

      Fucking Founder works just fine. I don’t want to over think it.

      Founder means: it’s my site, fucked face, and I can punch you off it should you look at me sideways.

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      • Ted The Sled

        “Fucking Founder” is apropos, very “not over thinking it”.

        Indeed, with great power comes great responsibility hahahaha

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  6. Bernard Cornfeld
    Bernard Cornfeld

    YELP. The sound our enemies will make when we crush them.

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  7. drake sucks

    McCullough’s YELP fractal put out a sell signal today #timestamp

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  8. uglyflint

    Fly, WORKDAY has been getting free publicity from Mat Kutchar the golfer. He’s been on a streak for 5 weeks and won yesterday. He’s had a Workday logo on his shirt every week on this streak. Even during the Masters I think.

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  9. alf44

    .

    CMG “Salsa Dancing” LOWER again today !
    .

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  10. Poppin' Off

    Hey all of you.. stop poppin off!

    Teh mkt is gonna tank about 25% but end the year higher, just like 87.

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    • Ohthe BOMB

      You are “poppin off” too much.

      On WHAT BASIS do you make this proclamation?

      I personally think you are full of shit.

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  11. Cygod

    I wont have my comment moderated! Ever!

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  12. JPMorgains

    Good stuff Fly.

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