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
23,430 Blog Posts

92 comments

  1. kidstock

    FIG

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  2. Gio

    Reading it on the beach

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  3. Gio

    What the? my charts didn’t print out. 🙁

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  4. jworthy

    Awesome.

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  5. ZenProfit

    Do PPT subs receive the pleather-covered bound volume?

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  6. nation81

    Good stuff

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  7. FAZ

    In 1940 atomic bomb was not developed yet, moron. How many years you spent in school, retardo?
    Happy B-day R:)

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  8. Anton Cigur

    Thanks to Fly and his Supreme High Council for all the fine math and English skills demonstrated in this post.

    Could Danny contribute a list of SoCal ATM locations in the next edition?

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  9. TraderCaddy

    Gio- Get off the beach and into your bomb shelter. The N. Korean missles have a range to Hawaii (ironic right Obama?).

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  10. Gio

    @traderGaddy …i get paranoid every time I hear an airplane. anyway, I’m building a sand-castle bunker. oh wait, did you say N. Korea? i thought u said Canada.

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  11. jg

    woots, thanks guys.

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  12. CARSON

    GOOD INFO THANKS

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  13. Pete

    You guys rock!

    Thanks for helping us newbies out 🙂

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  14. John the Trader
    John the Trader

    Do you asshats want people to read this or not? If you actually want people to read it just post the PDF.

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  15. The Contractor
    The Contractor

    John the Trader there is a link to a full screen underneath.

    Thanks guys!

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  16. The Fly

    Its embedded you idiot. Read it when you get home.

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  17. The Fly

    Just click expand and presto, full size. I know, technology is a bitch. Enjoy the bbqs

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  18. Martin Lawrence

    DAMN Gina!!!!!!!

    very nice

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  19. John the Trader
    John the Trader

    Asshat, err sorry I mean Fly.

    Embedded sucks ass. Even Gio had trouble printing charts.

    Embedded the document like this just creates barriers. Posting the PDF means people can download it and do whatever they want. You’re not preventing people from printing the document with this embedded piece of shit, so you’re just making things harder for people.

    If you think your information is valuable then you want to make it as easy as possible for people to access it.

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  20. The Fly

    John

    Shut up

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  21. TraderCaddy

    Nice read.
    And purty colors, too.

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  22. Matin Lawrence

    Everyone needs to shut the fuck up about the document being embedded or it being in a PDF.

    Take what you are given and be thankful, you cheap annoying shitbag.

    Never forget: The Fly doesnt need you, you need him.

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  23. John the Trader
    John the Trader

    Um, if I (or anyone) “needs” the Fly please shoot me now. The guy’s behaves like a 12 year old retard that’d be fine is his stock picks were worth a damn.

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  24. FAZ

    FLY

    Shut up and do what John wants.

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  25. FAS

    FAZ. I told you last week that you should be unseen and unheard.

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  26. FAZ

    FAS read what I told you last month and do exactly what I told you

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  27. The Fly

    Ingrates

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  28. FAS

    FAZ. Just a little brotherly family dispute.
    We make nice at the Thanksgiving Day table when Papa SKF carves turkey although Mama SRS usually drinks too much.

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  29. LG

    Great report. I love how some people have the balls to complain even when they are being given stuff for free.

    Im neither bullish nor bearish at this stage of this market – rather am keener to stand on the side until we move either way. However, i must remark that nearly all of the stock indices you show, can be viewed as double topping here as well as forming consolidations for a move higher.

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  30. Your Pissed off Neighbor
    Your Pissed off Neighbor

    Knock off the Island beats raghead or I’ll send the hounds over the hedges and fetch me a chunk O’Hairy fly arse

    Oh…and Happy Birthday
    deaf-drunk dummie

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  31. Northernmac

    Thank you all very much for this incredible piece of work! Enjoy your Holiday…….Happy belated birthday Sir Fly!

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  32. Gio

    If u want PDF, click “full-screen”, then “Print”… change printer settings by selecting your PDF printer program. if you don’t have one, then obviously you don’t need it in PDF . I use PDF-Exchange. You can also send it to Adobe Acrobat. Or if you have a queer version of Vista like me, then you can “Send it to One Note”.

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  33. ZenProfit

    Fly:

    Why do you waste this valuable work on these freebie-leeching blog-ettes?

    Clearly a lot of work and planning went into this report. Better than anything I have read that was previously posted in PPT from the “pro” shops.

    Should have made it available to only PPT subs.

    PDF995.com also permits print to PDF.

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  34. The Fly

    Zen

    I am going to put reports out here for awhile to get feedback. Then I will take it under the protection and extravagant living quarters of the ppt.

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  35. omfgitsjd

    I thought it was pretty nifty and swell.
    It kind of made me want to do an assessment of trading volume lately compared to all the high volume activity at the market low.

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  36. gappingandyapping
    gappingandyapping

    Fly: Awesome report I loved it, good ideas, keep up the good work.

    Ahmadinejad, at the press conference, also offered to debate U.S. President Barack Obama at the UN on “world problems and collective cooperation.”

    Obama has said he is willing to engage in dialogue with Iran to reach a solution over the country’s nuclear activities.

    Wow where can I buy tickets, I want a front row seat for this!

    For those of you who want a PDF print driver, here, its the best free one out there: http://sourceforge.net/projects/pdfcreator/

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  37. John the Trader
    John the Trader

    Fly,

    Please make these shitty reports available only to PPT members ASAP. It will make it easier for me to take your/their money.

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  38. UYG

    It’s mama UYG you damn lil dimwits.

    it’s not because papa SKF got stupid drunk and planted his dirty bit in the neighborhood’s slut SRS that it makes her the mother of my children. now go back to your rooms.

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  39. Indie

    Great stuff. keep it coming.

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  40. SDS

    All of you children, sit down and shut up! Don’t make Grandpa get up and get another beer.

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  41. omfgitsjd

    For those who’ve lost money for the thrill of making a potential killing, cheers………
    http://www.youtube.com/watch?v=IcMLs3Zm8vQ

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  42. fortune8

    Holy Sh8!

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  43. FAS

    FAZ. See what you started.

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  44. Indie

    Great, i can practice my Spanish.

    perdi mi cabeza
    peeerdi todo mi dinero!

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  45. omfgitsjd

    I thought that one might strike home here somewhere.

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  46. EN1GMA

    Great stuff fly/ibc…and fuk the haters

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  47. The Fly

    Here are the unflagging facts: +60% in 2008 and 50% (so far) in 2009. The rest of you are just leeching off the Gods, while throwing meatloaf at your trailer homes.

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  48. Big Mike

    Fly,

    You going to do this everyweek?

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  49. The Fly

    maybe.

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  50. JakeGint

    Just noted that my second chart got dropped. No exit multiple illustration.

    _______

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  51. starving Artist
    starving Artist

    The Fly, While throwing meatloaf at your trailer homes. Indeed! Hilarious. Thanks and cheers.

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  52. mr & mrs test tubers
    mr & mrs test tubers

    did you have a good birthday son?

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  53. BobbyFlay

    Trailer meatloaf is all the rage on the Upper East Side with the snobs.

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  54. Danny

    did anyone notice the exact copy/paste of my famed newsletter disclaimer? In case you were wondering, that was my contribution. NL legacy lives on.

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  55. banker

    Zen

    I am going to put reports out here for awhile to get feedback.
    ————————–
    you want my feedback? 2 words: it sucks.

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  56. banker

    Danny Says:

    did anyone notice the exact copy/paste of my famed newsletter disclaimer? In case you were wondering, that was my contribution. NL legacy lives on.
    ————————-
    yea, thats pretty much all you had going in your newsletter.

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  57. whos.amung.us

    i am a strain on this sites efficiency.

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  58. JakeGint

    ^^^^^^^

    Damn, Anonadouche is busy tonight.

    Did you not tip your waiter again, Fly?

    ___________

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  59. j0sh1ngU

    Has Alpha gone MIA?

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  60. Joe

    For those wh think recovery can begin while http://research.stlouisfed.org/fred2/graph/?s%5B1%5D%5Bid%5D=EXCRESNS
    this is going on…good luck

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  61. JakeGint

    Joe– does this indicate the banks are not lending?

    That flat line looks artificial prior to this crisis… can you elaborate?

    _________________

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  62. Danny

    Banker – it’s a shame you weren’t able to get anything out of it, while so many others could. Oh well.

    Jake – It isn’t artificial, it was literally zero.

    mentioned at zerohedge
    http://feedproxy.google.com/~r/ZeroHedge/~3/LhvS1ug9RTE/david-rosenberg-600-840-on-s.html

    “Rosenberg’s morning notes from this morning are a treat. In addition to providing some critical observations on the Fed’s easing policies, and highlighting, as always, the debt deflation problem that the U.S. is stuck with, by observing the decline in U.S. commercial bank credit and the staggering increase in the Excess reserves of depository institutions (now at a record $877 billion, with a long-term historical average of $0 – yes, there is almost $1 trillion not sitting on some beach, and not earning 20%, in fact more like 0%).”

    excess reserves wikipedia

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  63. joe

    This guy is good and I am not even a TA investor. Disregard his armagedon disosition but listen to his reasoning. Fairly sound I should say.

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  64. forgot the link
    forgot the link

    http://www.safehaven.com/article-13414.htm

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  65. dave

    RIO is so confident in a V shaped Chinese recovery, they’re offering Japan a 30% discount on iron ore. China wants a 50% discount.

    I love the smell of green shoots in the morning.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=amzJdAQH.OvA

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  66. j

    Dave:

    You need the story right. The discount is from last years huge contract price level. Everyone knows or at least knew last years contract price wasn’t possible.

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  67. Bernie's wife

    All you guys still in bed? Get the fuck up , there’s trades to be done.

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  68. Ring

    happy birthday

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  69. Last Chance

    No, this is good shit guys…Thank you IBC team. Happy Birthday Fly. What is your age in Fly years?

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  70. Yogi & Boo Boo
    Yogi & Boo Boo

    Jake,

    Due to the “ginormous” numbers on the right side of the chart, the scaling looks like it was effectively zero. you can select a custom time frame and truncate the most recent data to get a picture of the earlier amounts. (Excess reserves were up to just under $20 Billion after 9/11/2001.)

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  71. TraderCaddy

    Long SMH @ 19.74.
    Spitzer in and out.

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  72. TraderCaddy

    Out SMH @ 20.01.
    That was fun.

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  73. kidstock

    Long GM @ 1.15 cuz I’m fucked up like that.

    Day trade.

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  74. gappingandyapping
    gappingandyapping

    TC you are starting to become a 5 second tick trader 🙂

    Tons of misdirection this morning at the headlines are fed into the algos. Watch out for a turn up soon.

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  75. TraderCaddy

    Yes, Gapping.
    It’s the way I stay alive.
    Like Whack-A-Mole. Can’t hit a mole popping up and down all the time.
    Or maybe like Muhammad Ali.
    Float like a butterfly and sting like a bee. Bob and weave and an Ali shuffle too.

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  76. Mushroomz

    OOOPPS!!

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  77. j

    Wow.

    Wish I knew the number before it came out. Consumer maleficence… er confidence rockets higher.

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  78. TraderCaddy

    SKF (or other nutty inverse Financials) setting up for daytrade activity?

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  79. gappingandyapping
    gappingandyapping

    People its summer. Everyone is coming out of their holes and enjoying the nice weather. They want to believe everything is great and they are ready to spend. So really this number is not a surprise unless you have a slide rule brain.

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  80. j

    Gapping:

    So according to you hot weather makes people buy stocks. If that’s the case maybe the Administration ought to mandate people keep their thermos up at 85 degrees in the winter and that way we’ll never see stocks fall again.

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  81. TraderCaddy

    DUG, too.
    Or short XLE.

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  82. The Contractor

    The number is not surprising to me. Over the last few days several people remarked to me that in their opinions things are getting better and the economy is turning around.

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  83. Bernie's accountant
    Bernie's accountant

    Little cubs, little cubs, you can’t say Fly and others didn’t warn youse (sic) all.

    Don’t rush out at once and please use a little decorum.

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  84. Henry Fool

    I have to go to Dr. appoint, but I added Fly’s ENTR and some FSYS for a trade
    DVAX looks like they are testing over 1.20 to see if there’s appetite. Maybe the HEPSILAV
    info is good and due out soon. I don’t know but watch DVAX for volume over 1.25-1.30

    sold some CROX @ 2.68
    and thinned my NG @ 4.12
    and trimmed KOPN @ 3.40

    positions include
    CREE
    GAIA
    ENTR
    IMGN
    NG
    FTK
    DVAX
    KOPN
    XOMA
    FSYS

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  85. carson

    up up and away..

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  86. ZenProfit

    You all missed Howard on StockTwits TV this morning. He worked a full HOUR before his breakfast. Wuss’s.

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  87. gappingandyapping
    gappingandyapping

    j: I know its hard for you to understand but I have been doing this for awhile and honestly every year the same shit happens over and over again like clockwork. People naturally want to get out of their houses, go buy shit to plant in their yards, barbecue food and just generally enjoy themselves. This puts them in a good mood even if they are financially fucked. Remember markets are just as much if not more psychological as they are fundamental, especially when it comes to seasonality. I personally could give two gay fucks of proposition 8 if you disagree, its the way it is.

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  88. j

    Gap:

    Perhaps there is seasonality, however we’re coming off a pretty torrid time economically so I’m hesitant to agree. Who knows though, right?

    Look we had a turn around in stocks, there was some upbeat talk etc. so I would guess that consumers although they’re all tapped out may be thinking there is a bottom here somewhere and hence feel a little better about their job security etc.

    Dunno.

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  89. DrBigBoss

    thanks Fly and friends, good to see your thoughts in a consolidated/concise manner. awesome.

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