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
23,416 Blog Posts

CUE PANIC BUYING

So many of you clowns are invested, mind you, in the ideology that we are at a top. Nothing other than price action is guiding you. You are unable to think for yourselves, objectively, as you fall victim to the stiff winds from the east. Watch the people on the teevee talk down today’s rally, the sixth consecutive up day following a ridiculous decline.

While you keep watching bonds, pondering why the world’s most manipulated market is misbehaving, stocks are rebounding. A lot of important hedge fund managers are short tech stocks here, working overtime to get them lower, by hook or crook. Their influence only goes as far as you allow it to go.

I made back nearly 3% today, down 19% for the year.

NOTE: Towards the end of the session, I added to both YELP and FEYE.

If these earnings reports come in better than expected, you are going to bear witness to an amazing short squeeze, one for the ages.

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46 comments

  1. bob

    bunch of fucking horse shit

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    • The Fly

      Your mother possess a large penis.

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    • J Livermore

      I’ve arrived at the distilled synthesis of why several posters have been so obsessively critical of Le Fly since Senior Tropicana opened the comments section to the unwashed of society, and it is this.

      Those who have been most critical of Le Fly actually want to BE Le Fly.

      It is true. They want to be the wizard behind the curtain, the ghost in the machine, the one with a large following.

      But they can’t be. They do not posses many skills it takes to achieve the level of success Le Fly has gained through IBC, let alone his own trading.

      Why else would they come here and demand everyone take notice of THEIR positions in comparison to the current anomaly Le Fly has experienced.

      It is pure envy and nothing less. An envy driven by an infinite void in their own self worth.

      Unbeknownst to them, their “look at me” demands make the blog even more successful under Le Fly’s ownership and driving it further away their own unrealized dream of actually being Le Fly.

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  2. budh

    Seeking Alpha is full of negative bloggers with negative narratives referring to each other’s narratives to create confirmation bias. My opinion, many are shorts trying to work share prices lower by whatever means necessary.

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  3. Genghis Khan

    If FEYE hits their numbers right, we could see Senior Tropicana up for the year lickety-split. Meanwhile, behold, -19% is the new +25%

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  4. The Fly

    Notice how all of the trolls scattered about now that the market is up.

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    • curious

      how much you down ytd? The market is up almost 2%

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      • the pirate

        Attention ‘bi’curious; how much are ye up over the past few years? What was your P&L while the Cp’n was speed chopping carrots with his johnson on the table?

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  5. it is showtime

    555 – 1897

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  6. jtizzle

    What a difference a week makes. I held on to my DDD shares i bought at 55 and it is starting to feel a lot better. I agree that a lot of these momo stocks report good earnings. We could see these names back at their highs real soon.

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  7. Rong Xu

    All:

    I must bring your attention to this name from my homeland: SINA. It will be 60 before Friday.

    Sincerely,

    Rong Xu

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  8. og

    Full Facebook position into earnings. Pretty sure they’re eating some of Google’s lunch.

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  9. the pirate

    Beware ye scallywags; Cp’n ‘Fly’ is back – and on a rampage he be. Those who tried to kick him when he was on his belly are startin to panic – run fer yer lives ye dark dweller scum. Arrrr.

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  10. gorby

    The most boring part of skiing is getting off the lift. Mr Fly you are now fully engaged
    and will win.

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  11. jules

    Wow, this post was prophetic. Thank you for this.

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  12. pgwarner

    I am just so very tired of all the horse crap thats been piled up around here lately.

    I have been hanging around here for more than a little while. Fly knows this. I usually am quiet but I have to say something…

    STFU to all the flaming butt-tards. What is the point of going off on Fly for weeks at a time?

    If you do not understand the stress relieving humor he provides swaggering when up and crying when down then go back to $2k e-trade accounts and wait for a trade to clear so you can day trade your wife’s 401k one more time.

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  13. No One

    Yelp has a forward PE of only 186.
    I don’t know if I’d call that a good buy

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  14. ironbird

    Senor Fly any interest in Ag? Remember LNN was on your radar in the past.

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  15. JPMorgains

    Long Live King Fly.

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  16. THEY WILL KNOW ME BY THE TRAIL OF BLOOD
    THEY WILL KNOW ME BY THE TRAIL OF BLOOD

    Cue portfolio building mode, slowly but surely.

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  17. Jennifer

    Bib will not stop until it hits a new top. I might be up 50% before this is all said and done between this and csiq

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  18. Swinging for the Fences
    Swinging for the Fences

    Fly posted a chart of stocks with high short interest. Number 5 on the chart was TSLA. Reviewed the chart and the options. Bought the 215’s at 9:40 AM – closed the position at 10:57 AM for a 78% gain. Thanks for the ammo. All I had to do was pull the trigger. Lots of good info here if all the haters would open their eyes.

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  19. JPMorgains

    +1

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  20. Sloop

    I sold two houses that close next month I see this dip as a start to another rally. But I hope it holds off until the houses close. my account is well funded but I cant see letting money sit for a lousy 1% Holding my breath.

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  21. incometrader

    “whenever the drawdown ends, momentum typically does NOT resume leadership”

    https://pbs.twimg.com/media/Bl3Bj7SCcAANcyk.jpg:large

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  22. Jennifer

    Goldman is a bunch of manipulative shit bags. That there article was posted right around the bottom of the momentum move. Take it as a buy signal

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  23. clegger_2000

    Sir Fly;

    Cue Delbert Grady http://www.youtube.com/watch?v=pc0_SYZJfzU

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  24. Mr. President

    Make sure to view picture on front page to fully experience this post.

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  25. bchu

    @Fly – you added to $YELP?? seems like a risky spot to add here being right up against the $70 resistance. Or is this just a pure gamble play on earnings

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  26. SCJ

    YTD positive today!

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  27. alf44

    .

    STOPPED OUT of my FAZ position today !
    .

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  28. Rick Berghuis

    Hey pgwarner, classic post…lol’d and I don’t do that often. Disclaimer, I suck at trading stocks but rooting for the fly.

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