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
19,842 Blog Posts

Quick Alert: Periscope Up

The fucktarded CEO from Wells Fargo, John Stumpf, just felt the need to exclaim: “We have not seen a nationwide decline in housing like this since the Great Depression.”

Thanks fucker.

Going lower.

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Deadbeat America

So, thanks to a plethora of overzealous bankers, coupled with credit card dependent dreamers, we get a bear market.

Am I missing something?

As a result of the criminal lending that took place, RIMM, AAPL, VMW and the entire fucking DOW is going down the empty elevator shaft.

Some of my ‘smart friends,’ who are bearish, point to the huge miss at JCP. I replied: “who the fuck shops there anyway.” I guess the same fucktards who bought a $750,000 house, with an annual income of $75,000, who is about to get foreclosed on.

Looking at the financials today, I feel like throwing it all on the kitchen floor, then burning the house down.

Big losses are abundant in NFI, DSL, FED, CORS, CCRT, LAZ, MS, etc.

Across the board, there is carnage amongst momentum stocks, like VMW, EJ, POT, CF, RIMM, DRYS, TNH, etc.

In short, I find it increasingly dificult to fight this tape. As you well know, ignorantly placing long trades, over the last 4 years, has led to “big dicked” gains.

However, the longer this shitbox of a tape continues to melt its most fervent longs, the greater chance it will continue to slide.

I bought a little stock today, but nothing meaningful. Should this trend continue, I suspect “The Fly” will turn foamed mouth bearish, looking for the next CWTR to shit the bed.

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Fly Buy: RIMM

I bought 500 RIMM @ $104.28

Disclaimer: If you buy RIMM because of this post, your discount brokerage firm will file bankruptcy, effectively putting your bullshit account in escrow. And, you may lose money.

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Fly Buy: VMW

I bought 500 VMW @ $82.90.

Disclaimer: If you buy VMW because of this post, wild Romanian goats will eat your harvest. And, you may lose money.

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Don’t Fuck with MVIS

While many of you assholes sold with a three handle attached, “The Fly” kept his hand steady, knowing that he was much smarter than you.

We’re going to CES ladies. The company (MVIS) is going to have a kick-ass device, that can change the way people view mobile content.

And you sold with a three handle attached?

Asshats.

Aside from MVIS pleasantries, VMW, RIMM and BWLD are lighting my balls aflame.

There’s nothing cute or funny about this tape. It fucking sucks.

Forget the dip buying. Apparently, it’s a losers game.

Instead, give into the current trend, via going long big ol’ boring stocks, like PG, CLX or CL.

Finally, it’s worth mentioning, “Dollar Danks” (iiG) and FUQI are on the move.

Coincidence?

I think not.

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Greetings From Romania

I must make this note brief, for there is much work to be done.

I’ll have you know, I have successfully convinced the impoverished townspeople here to put their “low-end” life savings into MVIS shares.

I told them “you will be able to feed your goats gold” by investing in this company.

Being that I do not have access to a computer, I have no idea where it is trading. If it is higher today, send your greetings to Romania.

Without having access to any sort of 21st century technology, it’s hard for me to make market calls. However, I can tell you the people here think the subprime shit is comedic.

When I tell them how much money our bankers are losing, they throw mashed potatoes at me (here, throwing potatoes is a term of endearment).

In short, I need to get out of this shit hole. They do not have rib-eyes, rich man’s whiskey or high speed internet access.

WTF?

Developing….

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Soros Takes a Piece of the Tanned One

After today’s trading, billionaire fucktard, George Soros disclosed a 1.78 million share stake in CFC.

As you already know, this stake only increases George’s irrelevancy– and is sure to send CFC spiraling into a “tropical oblivion,” created by the “tanned one” — Angelo Mozilo.

NOTE: In addition to George’s CFC stake, he reported an interest in XMSR.

Even more irrelevancy.

Viz.

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