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: ALU, ODP, CAVM, ASX

I bought 100,000 [[ALU]] @2.39. And, I bought 20,000 [[ODP]] @ $1.90.

UPDATE:
I bought 3,000 [[CAVM]] @ $12.47.

UPDATE II: I bought 10,000 [[ASX]] 2 $2.59.

NOTE: PPT upgraded ALU and CAVM to buy today.

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32 comments

  1. RosenRush

    Fly, this rally is getting extremely long in the tooth, you have to admit. With the world piling into long calls, you have to imagine tomorrow is going to be a 300 down day and maybe the start of a nice retracement…whether or not it turns into another leg down remains to be seen, but there’s no way we can continue up at this pace forever.

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  2. ryan

    Rosen Rush, I agree, but at this point I am sitting out. There are a million and one lemmings coming down the street.

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  3. dave

    We’re just seeing the first wave of commercial real estate bankruptcies and some of these names have run 100% in the last month.

    CRE can go fuck 2 zebras and a monkey!

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  4. So many dummies so little time
    So many dummies so little time

    Maybe it peters out OR maybe we retrace like 1938 and run up 70% from the lows.

    Maybe institutions are under invested and need to put cash to work.

    Maybe short sellers keep piling in here trying to call an unconfirmed top, squeezing the market higher.

    I’m 100% in this market. I have been in since 3/12, increasing my positions as opportunity shows itself.

    If Im wrong, I can always sell.

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  5. Henry Fool

    SFLY looking to take $11

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  6. The Fly

    pussies

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  7. GW

    The crap will fly….

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  8. Henry Fool

    Yeah! Pussies!

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  9. DennisKneale

    I’m glad Fly is man-aging my lovelife, not my money!

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  10. PRICERUNNER

    Wow this could be the shortest depression on earth! Take a loan from BAC and buy on margin. Buyers are back in control this is like a Super Bowl between the BULLS and the BEARS and the FLY is suited up and playing. The problem is someone is going to go down big. I will wait until the dust goes down. Maybe we did find the bottom? NOT

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  11. Goldie

    Buying SDS&FAZ here. Now who pussy?

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  12. billybull

    fly did you see MVIS in last 5 days. What’s the deal? Any news you know of?

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  13. So many dummies so little time
    So many dummies so little time

    To the girls not participating:

    1) You are late to the party. The cool kids already f*cked the prom queen, got drunk and are on their way home.

    2) You can insure against losses via position size, stops, pair trade or puts.

    3) You can’t make money if you are too busy pissing yourself to throw down.

    Ok, Lesson over.

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  14. Andy Swan

    Hey leeches….there is no Reg-FD on the PPT.

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  15. TraderCaddy

    GW is right.
    The crap is really flying now.
    Perhaps MVIS will be taking the place of GM in the Dow.

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  16. Cash-N-Guns

    SPIL….creeping higher..looks good.

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  17. jingle

    Zero Hedge posted say quant fund blew up (covering shorts I think) and the Tbill rates not seen since Nov. lows. FYI http://zerohedge.blogspot.com/

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  18. Malaka

    REITS, 2nd largest gay mall owner claims BK and other REITS are green ? Obama is clicking buy buy buy in the white house

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  19. gappingandyapping
    gappingandyapping

    SRS is fucking going straight to zero this is great. Can’t fucking beat this being short it.

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  20. JakeGint

    New lows for FAZ!

    lol!

    _______________

    BTW — who just bot 2-freaking-million (!!) shs of GLD at 3:14 today?

    Prolly some piker….

    Chortle.

    _______

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  21. 4fl3x

    I don’t understand all the commotion. Would JakeGint really leave his own blog for IBC?

    http://www.jakegint.blogspot.com/

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  22. JakeGint

    Cubs —

    I might leave my blog behind, but never my clone family.

    _________

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  23. alwaysloosing

    I am turning “the Fly” into a mousquito.

    Every ticker i purchase it goes against me. so to add to this market fuckery, i purchased ALU as well. get ready to see it go back to $1.50.
    Cheers

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  24. TraderCaddy

    Cubs-
    You still have homies from several months ago?

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  25. E8

    Joined Fly and the PPT on ALU …. was looking at it and yuz guyz confirmed my thoughts …. great minds think alike!

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  26. JakeGint

    Fawk le Frenchie k’niggets an’ there silly Alu! Alu!

    ___________

    Jake buys 2k more SLW, EGO.

    Thanks for gumball, Mickey!

    __________

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  27. DevilDawg? Why haven’t you checked in lately? I owned these fuckers and was shaken out – CBL XL PTY RF BWAAAAAAAAA!!!!

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  28. E8

    Holding XL from 3.92 … P&F projects 11!

    Anyone follow me into DRC around 17? Currently 28!

    Took profits there and with TRW (bot @ 3.65). Holding HIG from 6.75 with P&F projection to 21.

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  29. JakeGint

    E8 — Missed you announcing both of those.

    Shout louder next time, like Henry does.

    _____

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  30. DPeezy

    “I don’t understand all the commotion. Would JakeGint really leave his own blog for IBC?

    LOL, it’s been a while since I’ve seen that posted. Quite possibly, it was DT who last brought that up.

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  31. Maelstrom

    Some funny shit re: JakeGint websight..I like his posts so good luck you guys ..

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