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
19,770 Blog Posts

Quick Alert: True Facts About “The Fly”

“The Fly” drives his car 150 mph, then does 90 degree turns, regularly.

Upon banking coin, “The Fly” usually celebrates by drinking the “richest whiskey around.”

“The Fly” no longer eats sword fish.

“The Fly” has documentation to prove an IQ of 155 and is able to read 800 words per minute.

“The Fly” really does hate his neighbors and regularly gets into heated debates, with all of them.

Over the past six months, “The Fly” has skipped lunch, in order to focus on “more important things,” such as: guzzling Blue Monsters or throwing darts at Tokman’s face (not his real face, a photo).

“The Fly” regularly goes for “late night drives,” without explanation.

“The Fly” is an avid reader, but hates shit that “isn’t classic.”

Rarely does “The Fly” read other blogs, mainly because “none of them are worth more than boredom.” However, when he does surf the net, he reads: Dinosaur Trader, MadStocks, Howard, Option Addict, Big Picture and Real Money.

“The Fly” refuses to drink out of plastic cups.

One time, “The Fly” knocked off 5 mustaches, two beards and seventeen eyebrows, with one punch.

For fun, “The Fly” mocks gangster rap.

In real life, “The Fly” is “not allowed” to curse or listen to “that stupid rap music,” as per Mrs. Fly.

Finally, “The Fly’s” favorite tv shows include: Fast Money, Journey Man (for obvious reasons), The Wire and Hell’s Kitchen. All other tv is considering “somewhat fucktarded.”

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Nirvana-Breed

[youtube:http://www.youtube.com/watch?v=TNYgNpAX__M&feature=PlayList&p=8AF18B710B3DB739&index=9 450 300]

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You Can’t Fucking Stop Me

While most of you bearshitters lost money today, “The Fly” made money on his longs and shorts, finishing up .44% for the day.

There is something to be said about a market that refuses to go lower. However, the financials are still very weak, but may be due for a bounce.

I don’t care.

I will not sell my inverse ETF positions, due to my desire to hedge.

In the short term, I sense RIMM is about to unload a few clips on the bears. Additionally, while everyone else gives up on MVIS, I will buy more—into CES.

Finally, my current position is slightly bullish, with enough cash on the sidelines to accomplish a bearish bias.

I said it yesterday: “I’m done for the year.”

I’m just moonlighting now, hanging around, ruining other peoples days.

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Fly Buy: MVIS

I bought 1,500 MVIS @ $4.23.

Disclaimer: If you buy MVIS because of this post, you will fall victim to food poisoning. And, you may lose money.

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The Banks are Full of Shit

I love how the talking heads on CNBC and everywhere else defend the banking fools, saying: “they have no idea how big the write downs will be.”

Bullshit.

They know how much exposure they have to credit related junk. In my opinion, they are trying to sweep the garbage under the rug, then exclaim: “hey, look how clean our fucking floors are.”

In short, if the damage is half as bad as the bears say, there is no reason to buy LEH, MER, MS, CFC, GS or any other financial stock, until they capitulate.

Naturally, of course, “The Fly” has no evidence to convict the bankers of “hiding their bullshit.” However, this is not the 1920’s, pre-computer era, where all positions were written on small pieces of paper—then stuffed in a filthy filing cabinet until the firm went bankrupt.

Plus, I have a time machine.

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Bear vs Bulls

[youtube:http://www.youtube.com/watch?v=ymoGJsaSS6c&feature=related 450 300]

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Bear Special: What’s Getting Killed

In an effort to placate the bearish variety of fucktard, who “learns” from “The Fly” daily, I have compiled a short list of retard stocks. They are grouped by sectors.

Chinese lotto:

ADY, CEA, CHNR, KUN, JRJC, WX, ZNH, ACH, SNP, SNDA, CEO, SEED, FFHL

Financials:

SCA, MTG, NFI, RDN, PMI, ACF, WM, ABK, CCRT, DSL, CFC, MER, FIG, FMD, RBS

Food & Beverage:

KKD, NTRI, SPTN, SDA, COT, PFCB

Retail:

ODP, GES, OMX, LUX, CWTR, ANN, BID, TBL, DDS, HD, JWN, SPLS, CROX, BONT

Energy:

DPTR, PEIX, IOC, PLLL, TSO, STP, HOC, BRN, CSUN, WNR, GHM, ALJ, TSL, LDK

Medical:

BIIB, NBIX, ELN, PDLI, SHPGY, AMAG, ACAD, IFLO, ISRG, BSX

Semi’s:

ONNN, ATE, SPIL, SPRD, TER, AMD, NVDA, UTEK, SIMO, OVTI, ANAD, ISIL

Internet:

BIDZ, ELOY, BCSI, SINA, NCTY, REDF, OSTK

Metals:

PAAS, HAYN, ROCK, RIO, PKX, SWC, PCU, X, RTP, GGB, AUY, BVN, FCX

Networkers:

NWK, CIEN, CCBL, SVVS, RVBD, CLWR, LLNW, GNET, INFN, HLIT, GIGM

Trannies:

FREE, EXM, TBSI, DRYS, DSX, ACLI, TRN

Hardware:

AUO, VMW, LPL, RACK, HYC, SYNA, TASR, IVAC, EMC

Wireless:

NIHD, CELL, CNTF, CHL, TSU, AMT

Homies:

PHHM, CALC, BZH, BECN, BHS, MTH

Industrials:

FLR, EXH, CCC

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Too Busy to Lose Money

Because LEH reported better-than-expected numbers, with little write downs, I’m encouraged to sell it short.

In my opinion, there is no fucking way those ‘tards got the credit crisis right. They get everything wrong.

As you can see, my new sector spotlight (see charts on front page) is “bear market,” which entails a variety of inverse ETF’s. Learn from that shit, hatfucker.

Apparently, it looks like the mentally ill trading robots on the NYSE will push the market green. Look for bounces in anything but financials.

However, I have zero interest, whatsoever, to buy stock here.

Instead, I will sit here, throwing candy canes at the pancaked faces on CNBC, while guzzling large quantities of Monster Energy Soda, barbarian style.

With my money, I want to add to SKF and FXP.

On the long side, I like the action in HANS and MVIS.

In short, “The Fly” doesn’t have fucking time to lose money. He’s too busy with Godly affairs, such as: “How to hit your trader/servant with a marble statue from 50 ft away” or “Where to hide your illegal workers, when the authorities come looking.”

Developing…

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Late Night Fact

Early this evening, my wife and I took our 3 year old son to get a haircut.  They charged my wife $10.

Three weeks ago, I took my son to the same place, for a cut; the bastards charged me $15.

Odd, no?

I think not.

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