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
23,460 Blog Posts

Your Invoices Will Arrive, Shortly

Hell, don’t ever doubt “The Fly” and his fucking “calculator brain.”

With today’s carnage, I banked coin, up more than 6%—for the motherfucking day.

I spit on those of you who said my time machine was broken.

As a result, with the help from the Godly webmaster at IBC, I’ve taken the liberty to track all of you down, mainly home and business addresses, in order to mail out invoices.

Fuck, not only did “The Fly” save your nest egg; he helped you de-bank your neighbors 401k plan—via shorting his stocks.

All in all, the Fed must act. Fade the rallies. Take some profits. Drink some expensive liquor.

NOTE: Oh, by the way, sell short oil.

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Fly Sell: DECK

I sold short 1,000 [[DECK]] @ $121.

Disclaimer: If you sell short DECK because of this post, Shorticus will buy every house on your block, bulldoze them, then build a temple in his honor. And, you may lose money.

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Last Call For DECK

Take a look at [[UA]] today. How about [[ZUMZ]] or [[CROX]] or [[HAR]] or [[VLCM]] or [[RL]] or [[TBL]]?

You get it, you fucking faggots?

Specialty retailers are dead, buried and being visited by their family members, once per month.

In my eyes, [[DECK]] is a screaming sell, waiting to give Wall St. fucked up news of a weak consumer, aka chicks with credit cards.

My guess, this stock breaks below $100, within a week.

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Don’t Buy!

With our biggest mortgage insurers, [[ABK]], [[MBI]], [[MTG]], [[RDN]], on the brink of insolvency, don’t be a hero—trying to catch a bottom.

Unfortunately, the doomsday scenario of financial crisis may come to fruition, if indeed the credit agencies start doing their fucking job—by downgrading.

If you think the Fed will save you, think again. Traditionally, the market goes down, while the Fed is easing. Anyone who says differently has no fucking idea what he is talking about.

As the market hits the lows of the day, down 1.2%, we are still overvalued, compared to past declines at the onset of recession.

Remember, in 2000 the market fell by 20%, during the months of Jan-March. Thus far, we are down about 7.2%. I would not even think about buying until we are down to the tune of 13%.

NOTE: The breakdown in ag stocks is very disconcerting. However, if you are in the mood to actually make money, consider going long [[SMN]], which is heavily overweight short [[MON]].

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Position Updates: DUG

Will one of you fuckers get to the PG and post a chart of the obvious breakdown of [[XOM]]?

You lazy fuckers.

See, I already knew it was coming, while many of you believe oil can do no wrong. Tell that to the shareholders of [[VLO]] or [[TSO]].

Anyway, my point is: XOM is the biggest component in [[DUG]]—double inverse oil stocks.

A clean breakdown in XOM means more well deserved profits for “The Fly.”

UPDATE: My boy Ragin’ just threw up a chart. Thanks for nothing you lazy Woodfucker.

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Fly Buy: SMN

I bought 2,000 [[SMN]] @ $49.

Disclaimer: If you buy SMN because of this post, the price of gold will got to 10,000, rendering your paper currency worthless. And, you may lose money.

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