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
20,567 Blog Posts

THE MARKET HAS NOT BOTTOMED

Lots of permanent bulls out there talking SHIT after just 1 day up. You know, you deserve to lose it all. You deserve to lose LARGE SUMS of money for your insolence. I am pleased I sold out of my long term accounts and do not have to worry about the tick tock. I have taken direct control and can very easily play the long and short side of the market, based upon real time assessments.

In my opinion, we’ve yet to see the financial ramifications of this scourge.

MAJOR DRAWDOWNS happening in IG and worse in junk. The LSTA leveraged loan index is down more than 17% for the year. That is absolutely ruinous to private equity.

You can trade on the long side and even swing trade; but don’t think for a second this is over.

I took several trades today. Here were my results.

IFMK +32%
FAZ +3.7%
GRIL +23%
GRIL +10%

OSTK +9.4%
(APT -4%)
(APT -14%)
FNGU +2.1%
PRTY +51%
PRTY +21.7%

That’s right, +51% in PRTY. Talk all of the shit you want — but Le Fly cuts your legs off every single time in a stock duel. To that end, I am mostly cash, but of course on the prowl for some end of day rippers.

Happy spring.

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49 comments

  1. og

    You gotta admit Ackman coming on TV and almost crying would be a pretty good bottom.

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  2. i_am_nemo

    Trump is going to lend out money with a buyback ban.

    Fly, you would call yourself a degenerate gambler on stocks like PRTY.

    Aren’t you over 46 1/2 ?

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  3. acehood

    Lol and then you buy TNA minutes after this?

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  4. tradercaddy

    You should take a look at the intraday swings in GDX and GDXJ (gold mining etfs). The moves are a joke, especially into the close. It’s been like this for a week now.

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  5. soupbone

    i.e. find another way to make a living. the hype is dead, buried and rotting.

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  6. ericbakerbruce

    Very soon we will come to the realization that there is no RELIABLE medical data to back the insane measures currently in place. It’s a fucking cold virus which can NEVER be contained. They are SEASONAL and will go away and guess what, old infirm people die of these viruses. Always did, always will. Heckler, what strain of weed do you recommend?

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    • heckler

      Oregon outdoor!

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      • ericbakerbruce

        Thanks, I’ll put it on my list. Oregon Outdoor and Charmin.

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    • roguewave

      SARS, Ebola,… they went away after their season. There was no medical breakthru. But a lot of people got rich. This will run it’s course too.

      Insane measures have nothing to do with medicine. Simply a distraction for the financial shenanigans. And setup for what’s to come next.

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      • roguewave

        95% involved have no clue regarding the end-game. They’re just doing their job. escorting people to the financial ‘showers’

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        • tradercaddy

          Reminds me a little of the Y2K stuff when people were afraid to fly thinking the planes were going to fall out of the sky at midnight and all of the rest of the mass hysteria.

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    • discoordinated

      Meanwhile private jets are grounded.

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      • x59121

        Not true. I’m tapped into the FBO network and see daily reports, volumes are down 30% or so but jets are still flying for sure. Business jets are the biggest hit, high net worth folks not so much yet

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  7. awanka

    This pig has been chastised, Mr. Fly. Bullishness in this environment is a dangerous pathology.

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  8. it is showtime

    Return Of The DB Deathwatch

    ……… …….. finally

    The D B linchpin
    The D B trigger meltdown
    The D B moment
    The D B Goodnight It’s Over
    The D B deadbank
    zombiebank fall

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    • i_am_nemo

      If that bank goes down it’s over for the EU. They can’t let it happen.

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      • discoordinated

        It is going down and so is the Euro. I’m no nostradamus but I think the Euro fall is gonna make the AUD fall look wimpy.

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        • heckler

          Market cap of fiat is so big it’ll make people look at crypto

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  9. traderconfessions
    traderconfessions

    Comrade Socialist Trump wants to nationalize our economy. Bernie is laughing.

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  10. indexjoe

    Great thanks for the fish.

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  11. numbersgame

    I’m sticking with my view: we have another leg down, but there are some long term value out there if you want to go in early.

    Also, anybody that bought TWM right after I posted would have been up over 10% overnight.
    https://ibankcoin.com/flyblog/2020/03/18/stocks-crash-thru-floorboards/#comment-568005

    If you instead just whined like a bitch about why I didn’t post earlier, then you just missed out. Congrats.
    https://ibankcoin.com/flyblog/2020/03/18/f-e-r/#comment-568030

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    • wolfdaddy

      Do you actually believe one person here is following your trades? You are the bottom

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      • moosh

        Lol, the entire world is following. It’s totally normal to archive links of thousands of times where you make comments on a stock blog and then randomly repost them whenever it fits the bill. Absolutely totally normal

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      • numbersgame

        Do I think anybody is blindly/automatically shadowing me?
        Nope, unless they were as simple-minded as you but much more optimistic.

        Do I think there are a lot of people checking out when I post something, and then perhaps posting a trade that they wouldn’t have thought of otherwise?
        Hell, yes.

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  12. heckler

    We could leg down time the Dec lows or the wedge lows and should bounce.

    Who want to take over under on 1 million global deaths? I’m under

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    • moosh

      Way under here (China reporting facts notwithstanding). This virus is conveniently culling their unwanted population (Way, way after being born in this case) and sending a message to the world at the same time

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      • heckler

        What message are you receiving?

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        • moosh

          A possible message is that they can and have played the long game and can fuck shit up at any point in time. Science says this was just caused by a bat or some shit from a Wuhan Chinese food market that happened to be close to a bioweapons lab?,
          so case closed just happenstance. Of course this is easily just coincidence right after losing face to their population by bowing down to the us in signing a trade deal that lessened the advantages they had over us for so many years

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  13. roguewave

    Breaking News
    Dr. F just said Italy is in such a boot today because they let people in / out.

    Hint: US will be locking down areas, cities, states?

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  14. alty

    Fly can we get your thoughts on Richard Burr dumping all his stocks in February while telling the public everything was under control? What a dirt bag. He better end up in jail.

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  15. Dr. Fly

    Fuck Burr

    Look for pension to start getting fucked.

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  16. x59121

    Hydroxychloroquine?!? $TEVA

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    • roguewave

      If anyone gets it bad, the Chinese confirmed that a few days on intravenous vitamin C kills it. To get the same levels take 1000 mg 2x day – no brainer.

      Dr. Dietrich Klinghardt says,
      “If you only do one thing, take regularly vitamin C and take regular andrographis.”

      “Andrographis is fantastic for the lung complications especially for the ones we see with COVID-19.”

      “If you have money for only 1 thing, get the andrographis. If you have money for only 2 things, add Vitamin C to it.”

      He recommends vitamin D3 and some other herbs

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      • x59121

        Sorry. Didn’t see the “Dr” in front of your name. I stand corrected. Listen to this guy, he knows all.

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        • roguewave

          Sorry. Didn’t see the initials M.O.* & R.C.C.** after your name.
          If you had taken any time to scan the Doc’s info, you would have seen that Hydroxychloroquine was one of the treatments he recommended. Time constrained?

          Additionally, everything I wrote was from Dr. Klinghardt. All of the recommendations were his – none were mine.

          *Master of the Obvious
          **Reading Comprehension Challenged

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          • x59121

            Nice asterisks. Lol. You put way too much time into your posts. red flag for people that are full of shit and have no substance.

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      • 'merica

        I’m alive and kicking, men. Day 7, had a stretch of about 6 hours no meds and no fever. Mild fever came back this afternoon, but chest feeling better. I never did get the test, probably never will.

        Word of mouth is that our ER was 95% full before we even had a confirmed case. They were sending “mild” cases home diagnosed as pneumonia. We now have 2 confirmed in the county, which from the sound of it are county officials, go figure that one out.

        But yeah, I’ve never had a fever this long before.

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    • numbersgame

      “French study finds anti-malarial and antibiotic combo could reduce COVID-19 duration”
      https://techcrunch.com/2020/03/19/french-study-finds-anti-malarial-and-antibiotic-combo-could-reduce-covid-19-duration/

      I assume most will TL;DR the actual study, but a link is in the article as well. Even for those without a medical background, it is possible to skim/skip a lot of the technical terms and still pick up useful info..

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      • numbersgame

        More studies:
        “Breakthrough: Chloroquine phosphate has shown apparent
        efficacy in treatment of COVID-19 associated pneumonia in
        clinical studies ”
        “New insights on the antiviral effects of chloroquine against
        coronavirus: what to expect for COVID-19? ”
        “Remdesivir and chloroquine effectively inhibit the recently
        emerged novel coronavirus (2019-nCoV) in vitro”

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  17. wolfdaddy

    Fly- it would be a great time to bring out an updated Hitler vid.

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  18. helen

    Why are all of youse fagots ganging up on numbersgame?
    I value his opinion more than anuone else here. He’s by far the most intelligent investor in this comment space.

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  19. rishisunak

    Bottom is 26th March Thursday. Retest of its close a month later in April. Get ready folks.

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