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
23,436 Blog Posts

Closing Out the Year with Wins

With Flotek Industries, Inc. [[FTK]] and Green Mountain Coffee Roasters Inc. [[GMCR]] tailwinds, “Le Fly” is closing out his best investment year since 1999. I would like to thank all of you for helping me; but that would just be a lie.

See folks, while you stay home studying your fucking charts, I am flying in saucers, trying to figure out tomorrow’s trade. Granted, having a run away market since March has helped a bit. However, I do not know many people who had the internal fortitude to stay long, for as long as I have, without flinching, without being gay and stupid.

I give thanks and praise to myself for creating The PPT, alongside Lord Jeremy of the Twin Cities. Without it, I would have driven myself mad, allocating countless hours of my time doing research that PPT can accomplish with one click. Indeud. The one thing The PPT excels at is saving me from wasting time. In my business, time is money; and right now, you fuckers are costing me money.

I sold out of 90% of my Green Mountain Coffee Roasters Inc. [[GMCR]] position because the move higher was too sudden. In my opinion, I believe the stock will surpass $100 and punch its enemies in the face. However, I’d be an idiot not to take a 2 week 20% profit, on my largest position, during the final week of the year. With some of the proceeds, I bought Corinthian Colleges, Inc. [[COCO]] , based upon sector strength, a monster short position and rigorous attitude towards winning in names that chart lovers despise.

And, for tax loss purposes, I closed out my Homex Development Corp. (ADR) [[HXM]] position.

See you motherfuckers tomorrow!

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29 comments

  1. gratefuljed

    Damn Fly – putting us all down the way you do can’t be good in the long run. I appreciate your help though in helping me bank a little coin

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  2. Manga

    When will it surpass $100? After Q4 earnings release?

    Thanks,
    Manga

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  3. MOOBS

    Heed the Chivas prophecy!

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    • Dr Fly

      Oh shit. He did call that.

      Weird.

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    • j

      which was? remind me.

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      • The Fly

        At the lows of the market in feb, chivas declared that I would have my best year ever, long the market. At the time, I thought he was crazy. However, he ended up being right.

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        • dpeezy

          After which chivas disappeared like Kayser Soze.

          Whatever happened to that crazed prognosticator??

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        • Woodshedder

          More specifically, Chivas made clear your gains would be over 100%.

          Dpeezy, Chivas was sick, physically. We can only hope he is still on this earth.

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          • franky

            oh that sucks. his presence was appreciated on iBC and i hope he returns

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          • MOOBS

            I did not know he was ill. I am sorry to hear that.

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          • JakeGint

            Some hope here.

            I don’t know how he is feeling but I did receive a mysterious correspondance from him this Fall. He was well away from his home base, so I figured he’d recovered somewhat, although after responding to him, I heard nothing more.

            I continue to pray for his recovery.

            ________

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          • dpeezy

            Very sorry to hear that.
            Hope Jake’s mystery correspondence is indeed a good sign.

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  4. omfgitsjd

    What the FTK?

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  5. omfgitsjd

    I am thinking I may be an unwitting descendent of aliens. Universal messages were reaching me to stay long since the 2008 crash.

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  6. eotw

    Congrats to the Fly for persevering long enought to build the PPT. Nicely done!
    It’s success has been proven by the results.
    I bet it will work just as well on the way down.
    http://www.youtube.com/watch?v=hI6sBdA99c8

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  7. Damon

    Oh great Spartirespectus,

    The GMCR position was pure brilliance coupled with extreme trading fortitude.

    I cannot say that I have EVER personally seen such market divinity, as well as a love for the product. Twas beauty in it’s purest form, and nothing less.

    Actually, Fly, you very well could be the next Ron Popeil…….a “New & Improved”, highly-updated version, of course.

    Mazel Tov, Mr. Fly-master.

    Fu-kin GMCR sonofabitch!

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  8. HuggieBear

    Interesting that you chose to join me in my decision to take GMCR profits off the table. Makes me feel better about my decision. I was prepared to watch it race toward and through 100 as I sat teeth-clenched, grimacing in pain. Now, it may still do so, we will see. However, it won’t pain me quite as much.

    Anyway, I’m holding some Jan puts on GMCR I was using to hedge the position. Here’s hoping to a little sell-off/profit taking so’s i can profit on the way down as well.

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  9. mb

    cool
    im bored now

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  10. TMoe

    TMoe adds to SLV position and will continue to buy SLV dips. There is a physical shortage of the metal. Even though the market manipulators have tried to kill the price rise through selling of derivative contracts the physical shortage will continue to trump the selling and the price rise will continue IMO

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  11. TMoe

    Thanks Fly for the recommending the buying GMCR after it fell after their great earnings. a nice 10 point gain for me. will continue to hold on to 90

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