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
23,449 Blog Posts

PARDON MY ABSENCE, I WAS BUSY ATTENDING TO MY WIFE

But it’s not what you think. I was like Igor (Frankenstein), fetching shit, driving her around town, spending inordinate amounts of coin on HORSESHIT. My reward: “okay, now drive me to the grocery store.”

Fly’s response: “I don’t think so lady. I’ve got spaceship to climb into, things to see and do. Go drive yourself to suchness and be gone!”

I got that cocaine fever going today, with markets RIPPING tits to the upside. If you recall, I went all in the other day, based upon a third sense. I had sold my only hedge and bet big on a variety of names. The result: I’m screaming higher by 2% today, hitting all-time, motherfucking, highs.

Europe is interested in higher stock prices. Forget about the bond markets. Western nations want higher stocks. Are you stupid enough to bet against them?

I’ll take my foot off the pedal when The PPT flags overbought. Until then, let ’em rip.

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Stocks Under $10, Squeezing Higher

Courtesy of The PPT, here are heavily shorted stocks, trading under $10, with solid technicals. Everything is digitized, from moving averages to overbought/oversold ranges.

That’s how I roll.

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Money Machine

After I shut the computer down, earlier today, I expected to lose money. The market looked bad and I was overdue for a set-back. Lo and behold, the stock Gods blessed me, yet again, through the share advances of VHC and MCK–making it a profitable day for me.

Scientifically, I can’t lose money!

This market is a gift–cherish it.

At the close of trade, here are my top 5 positions.

MCK
VHC
NFLX (asshole)
LOGM
PLCM

For the day, I was up 0.3%, pressing my year to date gains to 26.5%.

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Committed: Off to Read a Book

I’ve been over-trading and my brain is fried. I didn’t take a vacation all summer long, thanks to buying a new home. The kids are getting prepped for school and renovations at Le Casa del Fly haven’t even begun yet. The last thing I want to do is worry about stocks, so I won’t.

I see the market has reversed and looks to be heading lower. Big deal. I’ve made my bed and now it’s time for me to lay in it, at least for awhile. Some of my positions are good, some suck. That’s what a portfolio looks like. If you want all of your stocks to look great, at the same time, I wish you good luck in maintaining sanity.

Look you, I give lots of free advice here. I leave it all on the table for you to see, the good and the bad. I am going to shut this computer down, at least for a few hours, and read a book. I can use my intuitive skills to find new break-outs, swing trades for you suckers out there. However, I am bored and tired of talking about equities.

I’ll leave you with one pick: MCK. It is my largest holding and it’s going higher.

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The March Higher Continues

The American consumer is stronger than ever, buoyed by new money. Shit, you politicians like to ask populist questions, like “are you better off now than 4 years ago?” The truth might scare you. Absofuckinglutely.

This country is rich as fuck, producing more millionaires now than ever before, in the history of man. That money is being spent, reflected in share price advances in TOL, LEN, AAPL, LULU, ULTA, SBH, KORS etc.

Do I need to continue, really?

You called the market wrong because politics was an issue. Obama is nothing more, or less, than a government spokesman. He has zero power.

But the march higher continues, regardless of who is speaking. When Romney gets in, there will be a whole new theme of stocks to buy. Obama was good for biotech. Romney will be good for big business. The EPA will be reigned in, allowing companies like NAK to mine in the 3rd largest copper mine in the fucking world.

Zuckerberg is trying to step up to the plate and assert himself as a leader, by declaring “no insider” sales on his behalf for at least 1 year. At the same time, they issue an 8-k offering tax relief for FB insiders. What a clusterfuck. I’ve never seen anything like that before. If Zuck wanted to regain Wall Street’s respect, he’d oust Peter Thiel now and replace him with someone who gives a fuck about FB shareholders.

It isn’t good enough to say “everyone made money in FB, but the asshole who bought the IPO.”

European stocks are bouncing. The ECB is going to unveil an unlimited bond buying program. Free money forever. Get used to it. #POMO

http://www.youtube.com/watch?v=OwnmKUBMrzg

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THESE ARE NOT HUMBLE ABODES

If you are interested in reading some calm literature regarding the markets, fuck off and go elsewhere. I’ve been blogging like the wind since 2006 and I hear the same shit every fucking day.

“Hmmm, Fly, why don’t you behave yourself and be a bit more humble? Excuse me, Mr. Fly, can you unban me?”

Fuck off, coffin stuffers.

“The Fly” doesn’t give a shit about your feelings and will never address you on equal terms, because IT ISN’T THE CASE. God damn you. In 100 years from now, providing I am still “blogging like the wind,” I will address your dead skeletons in the same abrupt and coarse manner. Believe me, I hear this from Mrs. Fly all the time. Back in my younger years, I used to listen to her, as well as others, in an effort to “better myself.” But then one day is dawned on me, no one makes better decisions than me. Therefore, if they’re all wrong, by default, I am correct.

I do not apologize for kicking old fuckers into oncoming traffic, outside of steakhouses. Those old geezers had it coming. More so, I will not speak gently to you, the insecure beta male, desperately seeking attention and fortune.

I have my own money and do not require advice from anyone, especially you. Since inception, I’ve banned thousands of readers from iBankCoin, offering over 800 “full bans“, gratuitously, to people so they can never access the site again. I’ve even revoked PPT memberships and stopped distributing site content through certain financial websites, at a costly detriment to overall traffic, all because of my principles.

This isn’t about money, you devil dogs. This is about getting it right and making others pay, ever so dearly, for their mistakes. #TIMESTAMP

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Disaster Averted

This morning I was getting the stuffing kicked out of me in NFLX and PPC. But as the stock Gods would have it, my fortune reversed and went higher, eradicating my losses–turning my day into profit.

My Romney/ Fuck the EPA play, NAK, soared, based upon the caprices of perverted speculators. Secondly, my holdings in PLCM, LOGM,VHC, MCK, ESRX and CVO went deep into green territory, allowing me to gain nearly 0.5%. This is truly amazing, all things considered.

Because of the tone of the market, I went all in, selling out of HDGE for a small profit and reallocating assets into stocks, taking cash levels down to 10%. Granted, this might end up being a foolhardy move, especially since the market has re-reversed lower into the close of trade. But I’ve been sitting in the sidelines for the better half of one month now and I am sick and fucking tired of taking the easy route. I want this shit to be hard, NFLXing and MRVLing my way towards victory.

In short, “The Fly won again, even though you thought for sure he was going to perish amidst a car filled with lit dynamite sticks.

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GORILLAS EVERYWHERE

I sold my hedge (HDGE) right near the intra-day high and went long CVO, LOGM, PLCM, VHC and ESRX in great size and alacrity.

Do you know the true definition of Darwinism?

Contrary to popular belief, it is not survival of the fittest through brute strength or intelligence. Darwinism embodies change and how one is able or unable to adapt to it. In this case, I read the tea leaves and acted swiftly. What was a boring money losing session has transformed into grandiose winship, you fucking faggots.

I am bowling on you pussies, whilst cracking homeless men in the heads with half-full (optimistic!) bottles of malt liquor (40 oz, No Billy Dee).

I took my cash position from 40% (after HDGE sales) down to 10%.

In other words, I am all the fuck in, gentlemen.

Top picks: CVO, NAK, VHC, PLCM, LOGM and MCK.

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