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
21,322 Blog Posts

Eat Well

Fuck this, I’m out of here.

“The Fly” will now go into “Chef mode” for big bird day.

Forget the market. Enjoy your food, family and the day off.

See you Friday.

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Fly Buy: MVIS

I bought 5,000 MVIS @ $3.93.

Disclaimer: If you buy MVIS because of this post, CES will be canceled. And, you may lose money.

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Bulls vs. Bears Final Battle: Next Week

Forget about the credit crisis.

Fuck the homies and their stupid balance sheets.

The fate of the market will be decided by credit card wielding housewives and their ability to “spend a little more.”

The day following Thanksgiving is “Black Friday,” or the day most retailers start banking coin.

Early next week, if retail reports lean towards strength, the recession camp will be blown out—perpetuating a monster rally.

Naturally, should our merchants disappoint, sell it all.

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The Market Has Bottomed, Again

If “The Fly” had any money left, he’d buy AAPL, RIMM, JCG, VMW, VMI and FMCN.

UPDATE: False alarm. You may resume your regularly scheduled bear raid.

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Fuck $100 Oil

Hey, I saw this happening (think time machine) a long time ago. I even created a fucktarded blog, declaring the inevitable. Remember when Goldman slapped a $100 price target on oil and every laughed at them—calling them names?

Who’s laughing now, fuckfaces?

Look, oil at $100 is plain ol’ vanilla gay.

I don’t buy the ‘global growth story’ shit.

Either the price per barrel is one big scam or we do not have any oil.

In other words: peak oil.

Watching the market melt like a cheap K-Mart candle, while CNBC ‘celebrates’ $100 oil, makes “The Fly” want to go out and randomly throw m-80’s around NYC.

Hey assholes at CNBC: $100 oil is not one of those ‘good problems’ to have, unless you are an oil trader.

Has anyone ever told you: “the American economy is the best story never told?”

[sarcasm off]

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Dirt For Thanksgiving

This is just wonderful.

I’m over here, saddled with about 90 long positions, and some of you heroin addicts want me to “keep the faith” or “man-up, get bullish.”

Fuck you, I’m losing my sense of direction with this market. I feel like going to the grocery store, buying 100 turkey’s, then proceed to throw them at the NYSE.


I’ve got high growth Chinese stocks trading under book, namely XFML.

I’ve had a half dozen stocks trade down $10, after reporting earnings.

I have big investors questioning the very foundation of this market, due to Enron, part II.

Why would the average Joe, with 100k at E-Trade, ever come back to this market?

Time after time, our CEO’s have demonstrated incompetence on a massive scale. When it’s all said and done, the “sub-prime meltdown” of 2007-2008 will be viewed as one of the biggest fuck-ups in the history of modern banking, riddled with fraudulent activites.

Wait until the regulators step in.

In short, I’m sure the market will rally off today’s lows. The sentiment is so bearish; we have to rally big, soon.

However, after the rally, there will be real economic problems to deal with, such as 1.5% GDP growth, while oil is $100.

As for today’s trading:

If I was betting on a bounce, I’d buy AAPL or RIMM here.

Is there any reason to buy anything else?

I mean, AAPL and RIMM is where the bulls have planted their flags. Providing the market rallies, both stocks will catapult higher.

TSL is getting de-balled. Chinese Solar Burrito stocks are bullshit. Stay away.

In order to get this market moving again, we need a catalyst or a wash-out.

Either we get some news of a Gov’t sponsored bail out of the sub-primers, Fed rate cut, buyout of a bank— or we go down another 1,000 points and rebuild from there.

Happy Thnksgiving [sic].

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