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
23,443 Blog Posts

A Sea of Blood Awaits You, But Not Yet

Congratulations on doing what you’re supposed to do, with regards to raising your children. If you, by chance, you’re looking for gratuitous accolades from me, you’ve come to the wrong spot. If you’re a bad parent, it’s probably because you’re a selfish loafer, a byproduct of an inferior genetic make up. God willing your children are genetic outliers and can contribute something to society, instead of chin-wagging about the gogglebox–eating cheesed doodles.

Happy fucking Father’s Day, asshole.

Futures look strong early on. Greece is a 100% failure at some point this year. The only question is when and how much it will affect other weak euro nations, like Portugal, Italy, Spain and France (lolz). You do realize at some point in our lifetimes the euro will be one gigantic failure, yes? At some point, world markets will swim in a sea of blood, with guys like Bluestar bathing it in to his devilish delight.

We’re not there yet. The end game isn’t upon us, despite worldwide debt at record levels.

For now, my two largest positions are XLU and GDX. I have a wide array of positions than will ensure market participation should we rally. But I am very cautious right now, at least until I get some clarity on what in the hell is going on.

Two things: 12631 and After Hours with Option Addict trials end at midnight. Thank you for the hundreds of people who’ve given it a try. I hope you’ve bear’d witness to the value proposition and look forward to seeing your subscriptions. I am watching all of you, omnipresent style.

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Saturday Cinema with Le Fly: Before Sunrise, Sunset, Midnight

These are three different films: Before Sunrise was made in 1995, Before Sunset was made in 2004 and Before Midnight was made in 2013.

I promise you, you’ll never see anything as unique as these 3 films. This is truly a “Tour De Force”, a trilogy spanning 20 years, starring the same actors (Ethan Hawk, Julie Delpy)–set out to examine a singular relationship and watch it develop over time. Naturally, when they first meet, everything is young, vibrant and electric. However, over time, life happens and then you get to see the subtleties of their relationship, which is very much like any relationship you’ve ever been in.

If you have some idle time and want to watch 3 great films about love and how the circumstances of every day life can fuck it up, these films are for you. It’s a little artsy; but the payoff is well worth it. Trust me.

 

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I’d Stick Those Pins in Your Heads

First of all, stop offering me advice, period. The older I get, the greater awareness I have that I am genetically superior to you. All of the unsolicited advice strewn across my mind palace, on here and other social media venues, needs to stop–immediately.

But today I want to touch on another topic: QUADRUPLE WITCHING.

You know, fuck all of you guys and your condescending demeanor towards anyone who wasn’t– at some point in their fucked up Wall St careers– a pitched-fork serpent devil circulating in the options pits of Chicago.

“Bro, you have no idea. Watch them pin that stock. Look at the open interest. Bro, I am telling you.”

“Oh, look at that shit. Come here and look, bro; THEY’RE PINNING THEM.”

I recall in 2009 when those fucking pins were being summarily removed from the market and inserted into your fucking faces. Before I drink this entire barrel of wine, know this: one day the market will disjoint from fantasy island and it will happen on quadruple witching. It will rip your option trading faces off and skull fuck your eye sockets until the margin clerk gets around to blowing your brains out.

Fuck your pins and your options and everything else that you find to be “sanctimonious.”

I was down 0.5% today, on my day off, traveling about the Northeast corridor of the United States like a fucking vacuum salesman.

 

 

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I AM GOING TO PITCH YOU NOW

Tomorrow I press for our rights outside of the confines of Princeton and onto other, lesser, states. In my stead, I fully expect The Option Addict to seize control of the front page headline. To that point, tomorrow is the last day to enjoy the grandeur that is the 12631 trading room and After Hours with Option Addict wrap up.

I ENTREAT YOU TO ACCEPT THIS GRACIOUS GIFT AND BEHOLD THE WINSHIP THAT BARES ITSELF NAKED THERE.

After Hours Free Trial

12631 Trading Room

What should you expect?

100-600% returns in some of OA’s insane chinese burritos option plays and solid double after double, off the fucking wall, by Ragin Cajun.

All that aside, I wish you all good luck during tomorrow’s tape and look forward to schooling you fuckers in the Art of Cinema come Saturday.

 

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Where I Stand Now

I am down to about 10% cash, heavily fortified in XLU and GDX positions, both comprising of 10% and 7% of my assets respectively. Names like DATE and BITA are mere lottery tickets, denizens of depravity to fulfill my inborn desire to inflict harm upon myself.

On a day like today, rookies are calling their clients suggesting they mortgage out the farm to get in now before the market goes up any further. This is a classic punk move, one that would be treated as a capital crime at a brokerage firm under my tutelage. What’s important to note is the undeniable fact that the market isn’t interested in heading lower. Fighting the tape is equal to trying to shoot down an atomic bomb with a water pistol. Eventually, you’ll be disintegrated into dust–leaving nothing but your shadow on the wall in memoriam.

I am looking into buying TLT or AAL next. I feel oil is on the other side of the mountain and the sell off in airlines is overdone. However, I’m in no rush to do so while up 32% for the year–bowling on you clowns like it was my job.

In summary, my largest holdings are XLU, GDX, SBNY, AAPL and RDWR–with a 10% cash cushion as a kicker to your nuts, in the event dark clouds descend upon you.

Reminder: Join us in NYC this fall for the 2nd annual iBankCoin Investors Conference, NYC. I promise you these prices are going up.

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I BOUGHT A CHEAP CHINESE DATE

I sold out from QLYS for a glorious cyber-security styled win. With a small portion of the winnings, I bought DATE–chinese online dating venue, whereby celestials meet one another for the explicit purposes of fornication, without (god forbid) bearing offsprings.

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Low Hanging Fruit

First, go check out both 12631 and After Hours with Option Addict today, free from charge until Sunday.

All jokes and threats against your person aside, I am off to a great year, up more than 31.5%– with hardly any big winners. I’ve been playing small ball all year, cutting losses at 5-10%, and booking gains at 7-15%. On a few occasions, I’ve had 20% winners, but not too many. My win ratio has been very high and my allocation superb. My longer term gains are up much more than my trades, such as SLCA, HAR, PANW, BX, HCA just to name a few.

Which begs the question:

Why bother trading at all?

For one, it’s fun to explore new ideas and be on a conquest for greatness. Even if I never accomplish the great find of a lifetime, I am sure to have fun trying. That’s what this is all about, isn’t it? We can hem and haw all we want about outperforming the SPY and catching nice trades. But, condense it all, and what we really want are life altering gains, which is why I built Exodus and why we keep adding functionality to it, in order to give us an edge in a fast pace world.

Up so much for the year, in the middle of June, I’ve opted for a conservative approach, via XLU and GDX positions. They are #1 and #2 in position size and I am only looking for 5-8% on them, nothing too dramatic. I consider them to be ‘low hanging fruit’ and I intend to eat them.

The Fed is accommodative. Yields should come in; and when they do, rate sensitive stocks–like XLU–should recover. Gold is a your typical inflation trade, something central banks have been trying and failing to create for several decades now. Talk all you want about fiat currency and how runaway inflation will eventually lead to its demise. I’ve yet to see evidence in first world countries of inflation being something even remotely troublesome, let alone possible.

Top momo idea: QLYS

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INDEUD

X-mas come early for you lads today. Very soon, we are opening the floodgates to both 12631 and After Hours with Option Addict, permitting free access until Sunday. Quite frankly, The Option Addict has never, ever been hotter than he is now. It is truly something to BEHOLD and I entreat you all to enjoy the splendour that is the 12631 trading room and bathe in the excessive monies being made on a daily basis via Jeff’s After Hours with Option Addict service.

The good folks at iBankCoin are always generous and charitable to its readers and members alike. If you like to trade and make money in stocks, without holding 77% cash positions in perpetuity, I insist that you take me up on my offer and register to gain access, free from charge, tonight.

I banked 0.9% today.

Top picks: GDX, XLU, QLYS, BITA.

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I’M ABOUT THAT GOLD LIFE

You never thought you’d bear witness to Le Fly getting long gold, eh (extra Canadian)? That’s because I bowl on you pinheads without regard for my own personal safety.

While the lot of you bluebeards run about the playground, to the bedevilment of society at large, “The Fly” is partaking in a trade that will catapult him into the ranks of legendary space alien magicians (SAMs), unseen since the lads back in the times of the Pyramids.

I ADDED TO MY FUCKING GDX POSITION, and did so of sound body, mind and black soul.

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THE ECONOMY SUCKS: GET LONG STOCKS!

The Fed just said absolutely nothing, other than acknowledging the economy sucks. Ergo, they will base any rate hikes on the data. We all know the data will blow. As such, dollars down, stocks up.

On this move, I like gold, via GDX. To hedge it, I like utilities, via XLU. In an ideal world, both will go up, as the utes have been beaten to pieces recently.

This is reflation, a do nothing Fed, with a green light to stay long equities.

Party on.

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