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
20,329 Blog Posts

My Enemies Have Been Dispatched

On Friday of last week I went into the market with my cock and bought a bunch of stuff — heavily long, leveraged ETFs — the works. There were some of you out there who questioned my sanity and my market prowess. After all of the delicious fish I’ve served over the past decade plus, some of you chose, willingly, to bet against me.

The Dow is up 700, Nasdaq +200, WTI +9%.

How about deez nuts?

YCBD +40%
NAIL +22%
FAS +12%
NAK +8%
OPK +2.6%
CARS +6%
INO +4.1%
RWT +3.2%
SDGR +1.7%
TENX +4.5%

See pal, that’s who I am and you’re nothing. In this world, there are two types of people — those who fuck and those who don’t. Le fly fucks.

Commentary isn’t needed. Actions speak for themselves. The good guys won again. Godspeed.

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12 comments

  1. edge

    Kudos Fly. I didn’t see that coming.
    My positioning was great with nat gas, SIL, and HYG but I’m genuinely confused as to what people could possibly be thinking.
    I thought we would tag 3000 a few weeks ago but quit thinking it would happen. Now? Anything could happen. Is the market more nuts or more manipulated?
    Somehow I keep finding my way to profit but things sure do happen fast.

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  2. trumpmeister

    Congrats. We’re going higher from here. This is the 1987 crash playbook. Ignore the haters.

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  3. purdy

    Nice job Fly. Me …I’m just sitting here waiting to short FUN up 22% https://freesound.org/people/husky70/sounds/157564/#

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  4. tjnyt

    All the demons exorcised, up 52K for the day.

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  5. ericbakerbruce

    Market will reverse at 3 pm

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  6. alty

    Imagine holding TMF on a day like today.

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    • numbersgame

      *Owning* TMF on a day like this sucks, obviously.

      *Holding* TMF is a different animal altogether. Stocks are more expensive, bonds are cheaper now. Cosumer spending? TBD.

      There are still several scenarios:
      1) V-shaped recovery:
      Continued reopenings, vaccines and cures work as well as the majority of investors feel they will. Consumer spendign recovers to 2019 levels in 2020q4.
      2) Slower recovery.
      Vaccines work, but production, distribution are not instanneous processes. Deaths stay in the 500-1500/ day range. People continue to self-isolate and are reluctant to spend, even as businesses open up. Small buisnesses go bankrupt.
      3) 2nd wave.
      Just like many of the cures, vaccine works better in test tube, not so well in people. Many people can’t be bothered to even put a mask on, much less social distance, so virus spreads uanbated. Deaths reaccelearate to 1500-3000/day.
      4) Great Depression 2. State and local governemetn decalre bankruptcy, market overestimates FED’s apetite for junk bonds – more corporate bankruptcies.

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  7. rickyretardo

    Reload on SRNE for tomorrow? Lets do it!

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  8. soupbone

    Trump takes Nov/20 for a second term. Viewed from offshore.

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  9. tjnyt

    Fantastic day, BA took off, DAL, UAL, LUV started flying, RTX shot rockets, SPG, SLG provided some stability to the land, WYNN open for bets… just a great day at the casino.

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