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
23,431 Blog Posts

Bet Against “The Fly” and Get Your Face Ripped Off

Go ahead, keep betting against me. Soon enough, you will be forced to hold yard sales, in order to fund your margin calls. [[RIG]] is not going lower, you unwashed leeches.

Instead, it is going to take your face by the ear, then peel off your craniofacial.

For the day, I had muted gains, snapping a two or three day losing streak. Most of my gains can be attributed to RIG, since it is my largest position.

My short positions are still fucked. Nonetheless, I still like short [[VLY]], short [[PACW]], short [[TEX]], short [[VMC]], short [[HDB]] and long [[FXP]], [[REW]], [[SRS]], [[SKF]] and [[TWM]].

In all earnest, do not be shocked or amazed to see an August rally, which will effectively render most investors defenseless for the next leg down. I expect the worst of this tape will show itself from September-November.

As sure as I am sitting here, in this luxurious leather chair (unlike your pleather shit from Staples), the market will make new lows and “The Fly” will reduce all of you other third rate bloggers to rubble and a permanent state of irrelevancy.

The only alternative is total/unconditional surrender.

Developing…

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60 comments

  1. CubsRock

    Fuck that noise, my chair is from Office Depot.

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  2. Aris

    i hate bartiromo so much. it’s inhuman. i could be jailed.

    well done, AXP.

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  3. oldmantrader

    my chair is a wheelchair- an electric one

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  4. Danny

    did you hear her third-grade stutter come out when she tried to get AXP’s numbers out?

    Hilarious.

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  5. Hank Paulson

    Fuck you Danny and your stutter bullshit.

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  6. Gunners

    fuck leather. ergonomic chairs are the new rage in the office

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  7. Aeron, baby

    My Aeron “task chair” swaddles my buttocks in breathable mesh comfort as bank coin in an animalistic manner. It feels exactly like Mario B. is gently blowing in the direction of my posterior… but without the lingering aroma of parmesan cheese!

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  8. Jakegint

    Skiffles up big In AH, thereby paying for all my RIG pain, and then some.

    Allowing me to short more RIG in the morning.

    I’m due for a face lift, anyways.

    _____

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  9. Can of Corn Humper
    Can of Corn Humper

    She’s ok to look at from the neck up, only.

    I just wish she had a ball gag permanently installed so she couldn’t talk.

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  10. Granpa

    In the time it took her to say “we might have an upside surprise” AAPL dropped 2 bucks more. Too funny.

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  11. Aris

    well there it is. thanks, AXP, and thanks, AAPL, for reminding everyone that the economy is fucked.

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  12. Granpa

    FLYCAST the wave of the future.

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  13. Jakegint

    I’ve got an Aeron too, and my back thanks me.

    Fuck that “near real” pleather, my shit is made up of some carbiniferous photoplasticitous compounds that– upon him seeing the earth depleting non-natural ingredients — would make that fatass Al Gore shake with anger.

    Fuck him, too.

    __

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  14. Crude Broker

    Crude Broker Says:

    “Also, I think with SBUX closing 600 stores and the stock continuing to go into the shitter, a great short will be AAPL. Don’t ask me why, I can just feel it. There is a correlation there.”

    July 1st, 2008 at 4:11 pm

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  15. Jakegint

    You guys are mean.

    I don’t know how you could hate the beautiful Maria B. so.

    You ought to be ashamed, the lot of you.

    ___

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  16. Jakegint

    Did someone say “Offer Skiffles at 141.15??”

    Thank you Randolph!

    Thank you Mortimer!

    (Kicking each, bound hand and foot, down parallel elevator shafts in sequence.)

    ___

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  17. Jakegint

    She’s ok to look at from the neck up, only.

    (Someone’s been “too long” in the company of the Green Giant tins, methinks!)

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  18. Jakegint

    Crude —

    I remember you saying that and thinking it made sense in a New Age, bullshit California crystals kind of way.

    Like the iMac/iPhone/iPod drones would be cast off, without their “L’Andrew” of Starbux wi-fi.

    ___

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  19. The Fly

    Fuck AAPL.

    Jake and RC can vouch for my dire warnings of guidance, just prior to the bell.

    As for SNDK: See you at $5.

    Nice call Fast Money.

    TXN next.

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  20. recusancy

    Jake… You’re kind of a douche, hu?

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  21. Sir Mix-A-Lot

    I can’t be the only guy here who likes the “big bottomed” ladies?

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  22. Jakegint

    Fuck me, I’m two days late with my COF call.

    Thank you AXP, it’s nice to make some money off of Buffet for a change.

    ___

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  23. Jakegint

    Recusancy,

    You are not recused, fucker.

    ________

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  24. Stocks Are For Asshats
    Stocks Are For Asshats

    Death, destruction, mayhem, and chaos to asshats who own stocks.

    Never doubt me.

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  25. Jakegint

    I hate to make his head bigger, what with is RIG “winnings” today, but seeing how that will all be taken from him tomorrow anyway, I will, reluctantly, admit, Fly did say that about AAPL.

    __

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  26. Jakegint

    What’s that Mortimer?

    You bid $141.50 on the Skiffles!? Thank you sir!

    ___

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  27. Kill the Banks

    Kill The banks!!!! it’s time, We will show them!!!!!

    Revenge trade will Be Sweeetttt!!!!!

    Bear Ya Ski-Daddy!!!!!

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  28. Dick Bove's Attorney
    Dick Bove's Attorney

    Hello Charlie G.

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  29. Jakegint

    Randolph and Mortimer — long UYG as of this morning:

    _

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  30. Face ripped off
    Face ripped off

    I bet against the Fly and went long AAPL.

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  31. TraderCaddy

    Oldmantrader- Do you recommend the Hoveround? I bought one on the installment plan so that I have it in about ten years.

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  32. Pinstripe Pink

    You clowns are going to get your arses handed to you.

    That being said, my office chair is an $12,000 custom massage chair that dispenses Monster Energy soda until 4pm at which time it begins to dispense $650 a bottle tequila in gold and platinum plated shot glasses.

    Good times!

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  33. EARNINGS BY BOWSER (TM)
    EARNINGS BY BOWSER (TM)

    AAPL, TXN, AXP, SGP, SNDK

    This earnings season brought to you by Bowser!

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  34. Scum Bucket Bitchez
    Scum Bucket Bitchez

    Leather chairs will give you ‘roids, Fly. Oh wait, that explains alot. Fly has piles and his chair ergonomically shoves a feather up hizazz every time he posts to his blog. That and the Thorazine keep him shoveling out drivel at a prolific pace. Time for your meds and a clean feather Fly.

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  35. CubsRock

    SNDK from $60 to $15 in 1 year. This ain’t CROX ffs, wow.

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  36. the Bull

    oh shit.

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  37. KC Trader

    AAPL back to $100 until Apple comes out with a new product or they get very aggressive and buy a golden company to stimulate investors further.

    “Why does this still seem like gambling to you? I mean, why do you think the same five guys make it to the final table of the World Series of Poker EVERY SINGLE YEAR? What, are they the luckiest guys in Las Vegas? It’s a skill game, Jo.”

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  38. Steve Jobs

    Do these jeans make me look emaciated?

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  39. Jakegint

    KC — are you related to KC Bill?

    Also, is that a Rounders quote?

    ___

    Update: Mortimer bidding $142.90 for Skiffles!

    __

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  40. CubsRock

    AAPL just filled the gap. Next gap to fill is at $146…

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  41. Face ripped off
    Face ripped off

    have I suffered enough?

    Please forgive my sins.

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  42. Nasty ol' Phil Gramm
    Nasty ol' Phil Gramm

    I meant to say that we’re a nation of “winners.”

    Now can I have my job back?

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  43. EARNINGS BY BOWSER (TM)
    EARNINGS BY BOWSER (TM)

    next leg down for apple. must be jobs health issues. has to be.

    BOOMER

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  44. punyandy

    Can Carl Icahn just go away, please?

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  45. Bear Raider

    Well how do you like them apples?

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  46. TraderCaddy

    Okay, done scalping a couple longs on AAPL in the AH. Enough for a Hungry Howie’s pizza for dinner.

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  47. Jakegint

    AAPL and AXP longs invite some RIG shorts to a service at the Church of the Giant .50 Caliber Round:

    (money shot at 2:20, note — special appearance by NY Giant’s DE, Michael Strahan!)

    _

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  48. LMAO

    Just got a weird spam:

    From: Baldus
    Subject: [audio] Mccain Vows To Withdraw All Troops From The U.S.

    God Destroys Boise For Not Being Gay Enough

    That’s the whole thing. Cracked me the fuck up, it did.

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  49. nullpointer

    fly sure is using a lot of big words today.

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  50. KC Trader

    Jakegint,

    No, not related to him, nor do I know him.

    Yes, it is a Rounders quote.

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  51. Phil_from_Brazil
    Phil_from_Brazil

    I tip my hate to you, Fly. Commodities are not moving lower. The action suggests you were right on RIG and the oils. That said, I bot some SLV today. If you like commodities, dont disregard the Gold/Oil ratio. It’s at historical lows (7.3). And with inflation starting to heat up, the place to be over the next six months for outperformnace is gold (I like silver better for the higher beta).

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  52. Freud from the Void
    Freud from the Void

    “I tip my HATE to you, Fly.”

    I would find this to be a V-E-R-Y interesting “slip” if I were not dead.

    Cigar, anyone?

    Anyone?

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  53. Freud from the Void

    I ottnott put my cigar there, however.

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  54. Phil_from_Brazil
    Phil_from_Brazil

    hehheeh I ACTUALLY DID MEAN TIP MY HAT (no E at the end). No subliminal hate here, chief. We’re all here tossin’ ideas around for the collective money-making good of the board.

    Keep rockin’.

    -Phil

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  55. boca

    Too funny Phil, I read so fast that I went right by it and never noticed it.

    BTW I’ve been enjoying your posts (and been getting slightly envious of your knowledge), I appreciate everything you share about your trading.

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  56. JakeGint

    Phil from the ‘Zil —

    I dig SLV (and SLW) too, but I think only Boca and I share your love of the white metal.

    Soon, that will be much to their chagrin.

    )))

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  57. boca

    Agreed Jake, love SLV, great trading vehicle and a favorite investment also.

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  58. boone pickens

    my office chair is a 5 gallon pail, flipped over. when I ain’t settin’ on it I fill it with ice and Colt 45 malt lickra.

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