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
23,445 Blog Posts

New Investment Philosophy: Kill and Be Killed

Once again, I was tossed into a murderhole for being long [[VXX]] . Immediately following today’s purchase, the market reversed and never looked back—sending those who are long volatility into deep, umm, murderholes. Seeing that I was wrong for averaging down, quickly and rather amazingly, I took a wad of cash and bought more Johnson Controls, Inc. [[JCI]] , TriQuint Semiconductor [[TQNT]] , Eastman Chemical Company [[EMN]] and Flotek Industries, Inc. [[FTK]] —all documented through neatly posted and time stamped notes inside of The PPT, of course.

Which brings me to my next point: I am entirely open to the realization that I will be killed, daily, long [[VXX]] —just so long I continue to bank coin in my stocks. I expect to enjoy some big dicked gains in a variety of my positions, none more than Flotek Industries, Inc. [[FTK]] . When I, finally, end up a net winner in Flotek Industries, Inc. [[FTK]] , expect “The Fly” to take a month off from blogging, as a punishment to you for doubting and/or questioning my market hand.

[youtube:http://www.youtube.com/watch?v=mXEq7WiINa4 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

36 comments

  1. Rand

    I remember a movie(gladiator), at the end of the picture, the warrior stated, “we will meet again, but not yet, not yet.” life is like that in a lot of ways, there are ups and downs and life will give you choices not forseen. But in the end life gives you what you want but not when you want it. Sort of like in the movie, we will meet again, but not yet, not yet.
    It means smile in the face of uncertianty, it will not control you.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Le Fly

    Sorry, what were you saying? I was eating corn chips and could not read your post because of the crumbs on my phone.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Rand

    Hahaha

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. The Fly

    EMN just crushed estimates.

    Reports Q1 (Mar) earnings of $1.37 per share, $0.22 better than the Thomson Reuters consensus of $1.15; revenues rose 38.5% year/year to $1.56 bln vs the $1.29 bln consensus. Co issues upside guidance for Q2, sees EPS of $1.50-1.60 vs. $1.19 Thomson Reuters consensus. Co issues upside guidance for FY10, sees EPS of $5.00-5.25 vs. $4.51 Thomson Reuters consensus. Co said, “”During the first quarter, there were clear signs of a global recovery in our sales volume. Looking forward, we expect to continue to benefit from improved sales volume and higher capacity utilization which results in lower unit costs. We also expect raw material and energy costs to remain volatile.”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. sandfleas

    Best move I’ve made this year: Betting against the Fly and going long with the rest of his blogmen!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • The Fly

      fuck you; you’re banned

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • Danified

      Oh dear…. sandfleas are horrible little creatures.

      A very simple truth lies within trading….

      Anticipate the difficult by managing the easy.
      ~Lao Tzu

      VXX makes sense in the “reality” of our times versus the “illusion” that is bestowed upon us.

      The government’s increasing influence and ownership in the marketplace is a hard pill to swallow. The good news is that we can game these government moves and policies and profit from getting ahead of coming policy and political climate ramifications.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  6. The Fly

    Whoops! too late, you must have already been banned. boy that was quick.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Bond

      lol

      do not let the hoi poloi congregate at your expense

      a nice quick death ban

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  7. tradermarket247

    FTK 4TW!!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. jlab

    All I see is the damn buy programs going off daily generating this FLUFFINESS. Turn off the computers and REALITY will set in. Did anyone see the SQUEEZE in GS, AIG, and AAPL? …..and the longs continue to hate the short sellers!

    If it weren’t for the shorts……we’d be at half this level!!

    I continue to daytrade and frontrun orders in front of the computers…..selling into the buy programs and buying into the sell programs. Just watch MACD and get your ass in front of it and when the program hits—–WALAH! instant fortune.

    I think you’re going to see a lot of distribution days here after earnings……..then, only then go short into Summer.

    my .02

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. HuggieBear

    fly is in rare form….no doubt feeling quite swell on the tail of one of the most egregious broken robots events ever to take place

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. ideal420

    The followers never doubt the Fly. Makes me feel good that Sir Tropicana banks coin cunningly removed directly from purses of the, so called, men with gold plated man sacks.

    The Fly wins, we all win.

    (ok, so I don’t because I’m skint, but it still makes me smile which is enough these days).

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. YaBollox

    RVSB today. Very nice to be in that one.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. Gold and Sacks Robots
    Gold and Sacks Robots

    Welcome to my world….where old men kick teenagers in the groin…where rally monkeys dance around hooped up on coke and red bull….where wizards in burlap are at my beck and call 24/7…where its open season on pelicans from early January to the middle of December….where if you didn’t get your daily 40 points,my bad,I’ll add it to the next day….Welcome to my world

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • HuggieBear

      Thank you, it’s good to be here. I’ll be back tomorrow to collect my 80 (and you know you owe me for today)

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  13. CashIsKing

    The Fly Top screwed me today…100% short as the market rallied off the open. I need to do some more backtesting on this setup. In the mean time, long PCP and AIG.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Dr Fly

      You lost coin because you are a douchebag. You are betting against a guy who is up 1,000 percent over the past 10 years.

      Fuck off, moron.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  14. j

    Le Fly?

    When I, finally, end up a net winner in Flotek Industries, Inc. (FTK: 1.75 +2.34%) , expect “The Fly” to take a month off from blogging, as a punishment to you for doubting and/or questioning my market hand.

    Dude.. that’s an impossible position for the readership to be put in. Seeing we like your blogging you’re having us hope you lose on Flotek. 🙂

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Dr Fly

      Precisely.

      Get in the Vice.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • dishobgyn

        starting tomorrow, I will begin shorting the shit out of FTK so you would not stop blogging.

        sorry.

        I am selfish

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • j

          Lol… yea Dish.

          The only way we can stop Fly from going on vacation for a month is to short the shit out FTK. It’s the right thing to do for the readership.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  15. The_Real_Hmmm

    Does anybody know what the fuck is going on in Bangkok and will you please enlighten me? I mean details, not headline news.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. Yogi & Boo Boo

    Today’s Market prediction (I hate predictions):
    1. Asia closed down.
    2. Europe currently green.
    3. US Futures down.
    4. Euro down – Dollar Up
    5. We close up 40 points.

    That is all. Carry on.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. Rand

    Why? No luck needed

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. HuggieBear

    I am currently long everything and making a killing.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. YaBollox

    FTK is happy today. Fly may be taking a weekend.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. Dirk Diggler

    Do gingers have souls?

    • 0
    • 0
    • 0 Deem this to be "Fake News"