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
23,433 Blog Posts

Fly Buy: SKF

I bought 1,000 [[SKF]] @ $116.

UPDATE: I bought another 2,000 @ $115.78

Disclaimer: If you buy SKF because of this post, the banking system will collapse. And, you may lose money.

UPDATE: I will not be adding to SKF or starting any bank shorts until next week. In addition, I will not buy any SKF over $110. I will add to this position sub $110, down to $90.

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29 comments

  1. fool

    If the banking system collapsed, wouldn’t that be good for SKF?

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  2. The Fly

    not if you had 500k in your checking.

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  3. Controller

    Are you going to start putting your buys/sells on the front page? If so, thanks.

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  4. The Fly

    yes.

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  5. Eric

    Does the Fly utilize any options or just straight equities?

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  6. Aris

    you have to own the SKF down here. there is abundant market fuckery going on. right now banks AND the SKF are down. what?

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  7. Ibankcoin newbie.
    Ibankcoin newbie.

    FLY,

    When do you think the banks will roll over again? FHN and FED should be trading below 5. What gives?

    New to ibankcoin and lovin it.

    your site is the shit

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  8. buckeye bob

    No worries, both NCC and WM are up because the storm of death will eliminate NOLA and everyone will move to CA and OH and buy all those foreclosed houses

    Looks like GS is long hurricanes and must have the over on total number of storms this yr – they’re probably long Palin also – other than low volume, why are brokers running today?

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  9. The Fly

    Newbie:

    Starting next week.

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  10. AU CONTRAIR

    Keep buying that shit all the down. SKF buys will signal a top in your yearly performance. Mark it down.

    Wratso ruck, fwry

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  11. The Fly

    AU:

    You have never been right for more than 2 days.

    My advice to you is to talk less and pay attention to people that know what they’re doing.

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  12. Protection Team, Plunge
    Protection Team, Plunge

    Here’s a nice read here on what we’ve been up to and why….

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  13. AU CONTRAIR

    on the Contrary little FLY,

    My calls are accurate….except the last one 2 months ago that cost me a house and a couple of cars…but they were in countries I do not like.

    SKF…end game.

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  14. AU CONTRAIR

    SKF ….end game. I’m calling a Cramer bottom on SKF right here…right now.

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  15. recusancy

    Another play off of an Obama win will be a revitalization of Amtrak and mass public transit in general.

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  16. IShortYouNot

    Short this F’ing market. Fly’s tom foolery with his long positions shall suffer over the coming weeks. Mark my words, Spaniard….your family (of stocks) shall burn to the ground.

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  17. The Fly

    Shorting Jackass:

    NEWSFLASH:

    I sold all of my bank longs yesterday and have a 15% cash position, bulked up on oils and starting to leg into SKF again.

    And, I’m still short VMC, LM and PZN.

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  18. PPT

    We’ve been sitting on the market all day. We DID NOT WANT any post Obama speech rally.

    Our instructions were to wait until the repub convention to run it up. That way, my drinking buddy, Larry kudlow, can say how its all about McCain.

    The huddled masses are so gullible.

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  19. Mr. Feltersnatch
    Mr. Feltersnatch

    “recusancy Says:

    Another play off of an Obama win will be a revitalization of Amtrak and mass public transit in general.”

    Don’t forget KFT, they make the goverment cheese.

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  20. IShortYouNot

    Not enough SHORTING GOING ON HEREEEEEEE

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  21. norcal

    Fly, what is your “fall forecast” for the markets?

    Financials revisit lows? Oil/energy revisit highs?
    Tech/small caps go lower?

    I want to play your forecast via some lazy-man ETF’s.

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  22. creeman

    Fly-

    Any sage advice on MVIS? Insiders recently bought some shares. Any whisper rumors?

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  23. Granpa

    .

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  24. buylo

    I think Fly wanting to post his egregious picks on page 1 of IBC must be first voted upon this weekend by us insiders otherwise it could be considered as a land grab to the detriment of those in the know!

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  25. vincent vega

    Like the skf call down here. When feeling chicken i write otm calls to reduce cost basis and help ease the down swings. Playing $110 -$135 range.

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  26. JakeGint

    Another play off of an Obama win will be a revitalization of Amtrak and mass public transit in general.

    Shit, a whole ‘nother cuppa joe on the plasma screen again.

    __

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  27. Grandma

    .

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  28. bert

    market down, skf down, look on traders faces, priceless.

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