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
20,346 Blog Posts

Markets Reverses HARD Off Highs; Fly Wins Again

I cannot attribute this to luck. I shorted oil and made 13% in an up tape. I liquidated half my holdings this morning before the sell off. I am smartly positioned short semis and biotechs and long gold. What more can I say than ‘just another day at the office?”

That hard reversal is typical Friday bullshit. But come on, we’re so overbought now traders deserve to be killed for buying more up here. This is where you book profits and get small. Go ahead and short at will for an inflection move. If you’re wrong, cover those shorts early next week.

I have a family emergency that I will be traveling for on Monday. I expect to be hit or miss for most of next week. I will not be taking my laptop and will only pencil blogs via my phone. I may or may not discuss it. Typical pangs and cycles of life. Everything is fair until it happens to you.

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12 comments

  1. it is showtime

    Hi inner wall st CB circle

    3296.

    I just named a number
    you cant get the S&P
    to hit. Can’t even touch.
    have a good day

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  2. bankindamonkey

    its easy to make a prediction when you keep changing it… so much for 3281…

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    • it is showtime

      It’s clear, with the clearly-present greenlight to hyper aggressively bump the indexes multimonth with little pause, that it’s not a prediction.

      Do you not realize it’s to play their game… for the win?

      Do you not think I was waiting for that zinger?

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  3. heckler

    Good Luck Fly

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  4. boyaj

    Hope all turns out for the best good sir and sending you and yours my well wishes

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  5. mx2101

    Sending good vibes to you Fly. Take care.

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  6. tha pirate

    Just waiting for the next post which will doubtless deal with the lying scum who run Iran now forced to confess what everyone already could see from the airplane video; that those idiots shot down that airliner. Likely the next post from the Cap’n will be about this. Why anyone is surprised that a regime that is so evil once again is caught in a LIE amazes me. Fact is they only confessed now that there was no way to plausibly deny it any further. This is a regime which routinely murders, rapes and tortures it’s OWN citizens (and others), hangs gays from cranes, stones women, publicly maims children, enslaves women all under barbaric ‘Sharia Law’ that their people there have no say in.

    Likewise the usual America, Israel/Jew and Trump haters in the mainstream media and even on this SITE will scramble for ways to blame this on Trump, America, the free world etc. I say this to all the haters: If you are intellectually honest then maybe it’s time to stop trying to be too smart for your own good and simply accept the fact that YES, there IS good and evil in this world and Iran, Islamic Jihad, Hezbulah, isis, Boko Haram Hamas, Al Qada etc are MONSTERS whow behead babies, rape, torture etc – why is it so hard to believe they also LIE??
    . I know Wall street is not exactly the best place to preach morality, but WAKE UP. You are DAMN LUCKY to live in a free Republic with the Bill of Rights, Democracy and the best standard of living on earth. Anyone who was downtown on 9/11 will NEVER forget that day – including me. Don’t try to be so clever that you forget the most basic morality. YES Iran’s regime ARE the bad guys and the USA IS the good guy. If you work on Wall street or profit from the great nation we are fortunate enough to be citizens of then why don’t you stop trying to be so ‘clever’; looking for ways to sound smart while looking for every little mistake the US ever made and simply admit it? Some of you haters are bitching and moaning but you are DAMN LUCKY to be American and accept the fact that Trump, with all his flaws, is doing what is RIGHT.

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