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
19,777 Blog Posts

You Know Nothing

I really hate to keep throwing acid in your face, but some of the comments left on this site are downright ridiculous. Do you people think “The Fly” is stupid, like your fucking local plumber, or something? You throw out comments, like “OMG, FTK is so fucked if Fly sells.” What do you know?

Answer: Nothing.

No position constitutes more than 10% of my assets, so shut the fuck up.

I’ll tell you another thing. I am a HUGE CNBC fan, with all of its bells, whistles, Kneales and Cramers. Over the weekend, for a brief second, I thought about how hated CNBC has become, particularly on the internet. Then it dawned on me: I fucking hate bloggers. If bloggers hate CNBC, “The Fly” likes it, or vice versa. Wherever the wind blows, Senor Tropicana is going the other way, into the storm. To be honest with you, as opposed to outrght lying, CNBC bears the brunt for a lot of bullshit. Think about how difficult it must be to sit there, under the bright lights with make-up all over your face, entertaining a bunch of malcontent bloggers/misfit investors.

Fuck that.

That’s why “The Fly” will never do radio or make special guest appearances on the teevee.

As for the markets:

It appears the Dubai crap is behind us, regardless of how big the debt is. The rich fuckers from UAE will absorb all losses. Take that to the bank, jackass.

Nonetheless, the market is behaving weird, as if people are scared to allocate funds. Just know, should retail sales come in better than expected, this market will go nuts, like a hungry monkey in a fucking banana tree. Despite the lies being disseminated by certain Green Mountain Coffee Roasters Inc. [[GMCR]] haters, I like the shares and will continue to add to my position, into the $50’s. Also, I like Mechel OAO (ADR) [[MTL]] , ICICI Bank Limited (ADR) [[IBN]], SandRidge Energy Inc. [[SD]] and U.S. Global Investors, Inc. [[GROW]] . For the most part, any new funds invested on my behalf will be allocated into foreign related stocks and selective niche plays.

I am very done with the whole US of A thing. It’s fucking played out.

UPDATE: I bought 2,000 [[GMCR]] @ $62.50, unafraid of what the dark abyss may look like, since I have been there before, many times, under different guises.

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40 comments

  1. jg

    fig

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  2. Kidding Really??

    How much do you actually manage? Do you work for a hf? Has CNBC even asked to have you on?

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  3. Juiceyfruit

    Treasonous post

    52 lashes ….. !

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  4. SteveTheNeighbor

    Hey Neighbor Fly. We must share the same local plumber. Tony? The guy who has a butt crack as big as the Grand Canyon? Dumb, but does good work. Or do you still use those illegals?

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  5. tgarfield

    I was looking at GMCR. Do you use charts? Not bashing but I think 55 could get hit. throw a pile of pitchforks on it.

    I like coffe and GMCR seems great. I have used those machines. However most people are not the superwiz stock trader that you are. If you hadn’t taken all their money they could afford to buy one, but they can’t.

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    • The Fly

      DAMN YOU!!!!!!

      You embody everything that I hate about the internet.

      A. You rely on stupid charts to make decisions, instead of reading. Which, as a fact, makes you a fucking idiot.

      B. You are complaining about the price of a device that costs $150 Max.

      I am putting you up for a full ban to the site. I have had it up to here with you retarded readers.

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      • tgarfield

        Just asking a question?

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      • tgarfield

        I guess I should have said.

        Thanks Now I know you don’t use charts and what you hate about the internet, I was trying to narrow it down.

        Maybe the machines are not expensive, I was thinking the percup cost actually – after reading.
        Just a point I was considering.

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  6. The Fly

    Let’s assume $55 gets hit. Would that be the end of the world?

    I don’t know how most of you people buy stocks, but I don’t try to time tops/bottoms. If you practice that sort of thing, you will have no religion in no time at all, trading aimlessly, attempting to scalp instead of going in for the kill.

    I will buy more at $55. That’s all.

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  7. TraderCaddy

    I saw K-Mart selling one of those K-Cup machines for $90 over the weekend.
    I really don’t like the name K-Cup because it reminds me of failures like Chrysler K Car, K-Tel (recall the stock price hitting over $1,000 in 2000), and K-Mart.
    But, I am sure their crack Marketing team knows what they are doing.

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  8. j

    Fly

    You have been unusually animated and very hostile to the readership since yesterday. Are we perhaps annoying you in some way?

    Should we do things differently? 🙂

    Who was the fucker complaining about the price of a $150 buck machine? Shouldn’t he/they be immediately banned?

    On mining stocks… be careful on industrial commodities folks. From what i hear china has developed a steel surplus and production in the US has tailed off in the past two weeks.

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  9. DSB

    My buddy just said they were advertising the K-cup on Ellen (he was not watching it, so I don’t really know how he knew). Everybody knows lesbians love single-serve coffee. It cleans up lickety-split, and there’s also no semen to deal with (coincidentally), which is a big plus for that demographic.

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    • The Fly

      Lesbians love coffee. True talk.

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      • DSB

        Update: His wife saw it, and he owns GMCR.

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        • DSB

          Unrelated update: Same friend just proposed an incredible idea for earth conscious middle easterners…

          HEMP TURBINS

          and

          HEMP BURQA’S

          He also said all my posts today look like it’s really me posting under a thinly veil’d [sic] veneer. This is untrue.

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  10. masterpain

    More proof the FLY is KUDLOW! QVC is now giving one share of FTK with every Keurig WTF!

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  11. Po Pimp

    I was just joking when I posted the youtube vid of a gang fight and compared it to the ibc contingent storming the next FTK shareholders meetings. Seriously, kidding only. Didn’t mean any harm.

    But my comments regarding a one lovely Ms. Susan Lin on Bloomberg Asia are straight up troof.

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    • Richy

      She is hot and those interested in googling need to know her surname is Li, not Lin.

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      • Po Pimp

        I stand corrected. Just know her first name is Susan and when I did an images.google search for Susan +Bloomberg her pic came up with a caption “Susan Lin”. So I went with it. Could be some ploy to keep internet fans errr stalkers at a safe distance. Doesn’t matter, I’d tap dat ass fo days.

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  12. Jimmie JJ Walker

    GOOD TIMES~!

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  13. hf guy

    Here’s the truth…
    You sound like an idiot. You don’t work for a hf, I do. I manage a lot more than you do and I trade per day more than you ever will in your life. My 4b vs your capital – who you got? I will never read your posts again – they just are stupid and not rigorous. Laughing at you. Fool

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  14. Bobby Boucher

    The foundation of this uptrend is crumbling.

    US equity mf managers have less than 4% of their total assets in cash. Thus, they are practically out of dry powder to throw on incremental or add to existing longs. Negative non-confirmations from the number of new highs and the cumulative adv/dec lines. The number of new 52-wk highs on the OTC and NYSE contracted at November’s price high’s compared to October. The cumulative adv/dec lines on both OTC and NYSE made lower highs at November’s price high’s compared to October. The Rusell 2000 made a lower pullback low on 11/2 as compared to the pullback low on 10/2. A lower high looks imminent thus confirming the Russell 2K is in a new downtrend. Remember that the Russell 2K was the first to enter a downtrend in July 2007, 3 months prior to the S&P, Nasdaq Composite and Dow Industrials.

    Unless we see the number of new highs start expanding again, the cumulative adv/dec lines start confirming the price highs and the Russell 2K start making higher highs and higher lows again, the market is saying that it’s time to start contemplating the short side.

    fid

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    • The Fly

      rubbish

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    • Po Pimp

      Interesting because I saw a snippet today saying mutual funds and retail investors had been hitting the sell button quite hard lately. Same report said hedge funds were increasing their buys. I guess it’s a wash, but usually I’ll take the side opposite the “retail investor” even though I am one of them.

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  15. needle dick the bug fucker
    needle dick the bug fucker

    I sold 2k shares of RAX @ 18.50. two day gain of 5%… i’ll continue to stroke this Porpoise for all its worth..

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  16. tgarfield

    Dubai is a non-event. I’ve been long all day. i was short going into friday and that was sweet.
    Target for the close is 110.60.

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