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
23,374 Blog Posts

Fuck Gold

I walk away from today’s tape like a fucking champ. Sure, I may have less money today than yesterday. But, I am now short your stupid gold bricks and that’s all that matters.

At the bell, I bought 2,000 DUG @ 28.30. And, 15 minutes before the bell, I loaded the fuck up on DZZ aka “fuck your gold bricks.”

When economic collapse besieges you, your stupid gold coins will be used as decoration, outside your mausoleum.

In adddition, I blew out of my EEV position, early this morning and I bought more guns, via SWHC and RGR.

My best guess: the market sells off tomorrow, following Obama’s campaign speech. However, in the event I am wrong and we blow higher, I have a 43% cash position to remedy that.

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Go Buy With Confederate MMoney

Grandpa Fly used to say, in a very belligerent tone: “I’ll pay that much with confederate money!” As you know, he was not a big fan of “southern aggression,” nor am I a fan of buying stocks ahead of “The O.”

As expected, the market is rebounding, following 6 straight days of unrelenting selling. Once again, clowns with large noses are piling into XOM. Just so you know, XOM is the stock they (conspiracy theory) use to jerk the market higher.

Banks are ripping to the upside. I rather watch you make money in them, than have a heart attack going long. Whatever longs I have left, namely LNN and JRJC, are bouncing a little.

Bottom line: I’m not buying stocks ahead of President Obama’s speech. Fuck that. This guy is like one big hoax come true, in a very weird science fiction way. Cramer, and his jelly beaned friends, are trying to save their jobs, via goosing stocks up. I’m just trying to avoid having my brains scooped out of my skull, by roaming homeless men.

Towards the end of trading, I will nibble on a little DUG/ERY.

Fuck Gold: I bought 20,000 DZZ @ $20.35.

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My Chair is Better Than Yours

Early this morning, I sold out of my EEV position. As you already know, I added to both SWHC and RGR positions.

Look, I am trying to get long, without feeling a sense of misery about doing so. I can’t sit here, with a straight face, and buy AA or BAC and tell you “they are possible bounce plays.”

I’m done trying to catch idiotic bounces in shitty names. I am up for the year (12%), while everyone else is near death. I was up nearly 60% last year, while people in my industry got annihilated. I must be doing something right.

I am starting to see some real anecdotal evidence that the economy is in trouble, from a NYC perspective. Business owners that I know are unable to get loans, despite having millions in collateral. And, good people are being laid off.

By the way, in case you were unaware, the yen (FXY) is getting cremated today, which in turn is helping stocks. Call me a banana salesman if you must, but if it’s not gun related, I’m not buying stocks.

I have approximately 55% in cash and loathe the notion of being fully invested. As a matter of fact, I may never go “all in” again.

For fuck’s sake, old fuckers in wheeled chairs lost all of their retirement savings, investing through Bill Miller at LM. I’m over here, like a fucking Saint, doing the Lord’s work and for what?

I get to enjoy the pleasantries of DEVILDOG and other losers. The life of a Blog Father.

In short, I have many tricks up my sleeve, with regards to commercial Re. So you know, tonight, I will be posting an article, exclusive to PPT (fuck you it took time and money to build it), on the cre market and what names can—go—all-the—way.

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Fly Buys: SWHC, RGR

I bought 20,000 SWHC @ $3.20 and 5,000 RGR @ $7.50.

Disclaimer: If you buy the above stocks because of this post, ironically, you will get shot. And, you may lose money.

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Apocalypse Trading

Aside from SWHC and RGR, CAB could see some further upside, as people get their guns and hunting equipment ready.

Look, I love shit like this. It doesn’t take much to get me in a store, shopping for “survival gear.” We all know, deep down, it’s a crock of shit. But fads die slow.

Anyway, I can’t get behind gold here. The very notion of buying something with a gold brick is very, very foreign to me. If someone tried to buy something from me, using a gold brick, I’d punch his mustache off.

Just saying.

Today will likely be a bounce day, ahead of Obama’s big speech. Nonetheless, I am not really motivated to go long in any size. I might buy a little CAB, only because it’s insane and I like shit like that. And, I still like SWHC and RGR.

Bottom line: quit trying to catch bottoms, fucktard. All of the banks and basic material stocks are too hot to handle. If you want to play the long side, delve into “non-toxic” sectors, like guns or drugs.

NOTE: If oil stocks go lower again today, I may cover my shorts.

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Bond Hostages

Tonight, I saw Cramer on tv lying about why the market is going down again. You know, it’s real easy to blame short sellers, via SKF purchases (how absurd and laughable), for bringing down this financial system we call “capitalism.” Then again, this is not capitalism, but gangsterism.

Nonetheless, it’s not me and my friends buying 20,000 SKF, market order, with a $10 stop, that is causing the meltdown—trust me. Quit fucking lying to people, jackass, then maybe your bullshit stock price will get above $3.

SHAME ON THE HOUSE OF CRAMER.

The reason why we are in this situation is because the growth we have enjoyed, over the last 20 years or so, was built upon a lie. It was financed by vultures, who are now holding the entire tax base hostage.

The reason why GM, F, AIG, C, BAC, MS or any other piece of shit is not allowed to fail is because of the bond holders. They own this country, from the top down. They own trillions of dollars in corporate and treasury debt. They are the people or entities who have financed and will continue to finance our lifestyles and/or stupid shit.

Without them, this country would be forced to start making our own shit, because China would be like “get the fuck out of here with those bullshit dollars.”

Let truth be told, Bill Gross and his fucking friends need to voluntarily step up and tell C, BAC and GE that they will take a 60% haircut on their bonds, in order to save America. But they will never do that.

All they care about, all anyone cares about is themselves. So why should we act any differently?

I should stop paying my mortgage.

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K A R A B E L L ‘ D

Don’t try to paint this fucking pig; we’re about to crash through the floorboards. The Government just threw away $150 billion in AIG and are on the verge of making themselves look totally inept, as opposed to ambiguously gay.

I want to short oil stocks, via DUG/ERY, until XOM prints $55. You know I hate Commercial Re; however, I want better prices, before initiating shorts. One name worth shooting at right now is STC—big stupid title insurance company.

On the long side, I like guns—lots of them. I’ve been buying SWHC and RGR, figuring if we head towards civil unrest, loads of egregious Southern gentlemen, like Woodshedder, will head over to their local gun stores.

The country is hemlocked in a way that cannot be reversed. Years of reckless spending and stupid Congressmen have finally fucked the world for good.

America, it is time to pay that fucking piper, else get “KARABAELL’D” to death, amidst fascinatingly obvious capital losses.

NOTE: Those of you who signed up for The PPT, tonight I will post my top 10 positions, with a few other thoughts on commercial Re.

NOTE II: As predicted, the scamsters at MOS, POT and AGU got lumped today. That’s all.

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End Game

What’s the end game, you ponder? Well for me, it’s all about food and guns. Get your food game up and your gun game ready.

Here in NY, next thing you know, homeless men are eating your best friends brains, like Night of the Living Dead. I am well prepared for such events, with a portable safe, stacked with 30k in cash and 50k in precious gems. And, I have a large bin, ready for mobile usage, filled with food.

“The Fly” all all about winning, even when the country is losing. So, it’s my duty, as a patriot, to keep the “The Fly’s” state of perpetual “winship” intact, if you know what I mean.

Frankly, I’m making a bundle in my oil shorts. XOM is worth $50 tops, with oil down here. Fuck what Cramer says, that son of a bitch trades lower.

I don’t have the balls to get short down here, in any real size. Instead, I intend to build upon my 9% YTD gains, through smaller trades.

At the present, I like short oil/long guns.

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Fly Buys: SWHC, RGR

I bought 25,000 SWHC around $3 and 5,000 RGR @ $6.77 ish.

Disclaimer: If you buy RGR and SWHC because of this post, when the revolution begins, you will find yourself gunless. And, you may lose money.

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