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
23,446 Blog Posts

Coasting

At this point, “The Fly’s” days are spent coasting, enjoying delicacies such as lobster, shrimp and 2 1/2 thick rib eyes, heavily salted, lightly peppered. Nothing scares me, thanks to free money and a lot of courage. While looking at today’s sell off, I piss on down 30 points. Should we go down another 70, I will spit on it.

See folks, when living in “the land of plenty,” things, for lack of a better word, are easy. I am buttressed by a government, or a global government rather, who is ardently opposed to loss. Please take note of today’s dollar decline and behave yourselves when dining at Michelin rated restaurants.

“The Fly” has the incense burning to the point where his neighbors believe there is a 5 alarm fire taking place. And of course, the white robe and sandals are in effect and slaps of hot pizza are being distributed evenly amongst all employees. I mock those who sell short, or bet against me, because there is nothing you can do. See how I am writing this blog in a way that vexes you? Yes, I do this on purpose because the dogs never bark and the milk is always delivered on time. There will be no set-backs, at least from my vantage point, as I am always 10 steps ahead of the unwashed (you).

I am making so much money, my face is numb. I can’t even see my monitors, due the over-abundance of champagne bottles blockading my line of sight.

Finally, I sold out of RBCN because there was too much noise, after the LEDS debacle. After all, why fight with fists when you can simply shoot someone in the face?

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86 comments

  1. ecchymosis

    Watch that cholesterol, Mr Fly

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  2. Mr. President

    Best post of 2011. A plethora of Flyisms.

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  3. TraderCaddy

    Very boring day-whoever said yesterday that the market is acting like August was correct.
    So who makes the better NYC bagel:
    1. Murray’s
    2. Ess-a
    3. H&H ?

    These are the things I think about on a day like today.

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    • Former Stuy Town Hustler, Yo
      Former Stuy Town Hustler, Yo

      Ess-a-bagel. Period. End of conversation. Anyone thinks different, just don’t know.

      Murray’s good. Great next to everything else, except Ess-a, then they are merely good.

      H&H is like David’s, only gayer. Not that there is anything wrong with that (being like David’s that is).

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      • Waltah

        The smoked salmon at Russ and Daughters on Houston is out of control good, and they let you try samples if its not crowded. Never bought their actual bagels, but since we are on the subject….

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        • TraderCaddy

          Going to NYC in March to visit my daughter.
          Not sure where Russ is but will try to get there.

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          • TraderCaddy

            Just saw there web site and am already salivating.
            Nothing but crap in Central Florida.

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          • muktukchuck

            Russ & Daughters was just featured on the Food Network = “best thing I ever ate” = smoked salmon bagel.

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          • mrkcbill

            Always like Barney GreenGrass for lox , white fish..etc.. can’t miss.
            Also try… Zabar’s there may be better but I always like to hit this place when I’m in NYC.

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  4. MOOBER

    “I am making so much money, my face is numb.”

    Nice line. I like that one.

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  5. alphadawgg

    My face is numb from laughing so hard at your posts.

    Classic stuff.

    Dude, don’t ever fucking stop.

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    • WTF!

      Le Fly’s over-abundance of (empty) champagne bottles must be what’s anaesthetizing his face. I know that mine usually gets numb after downing a sufficiently large number of boubons; bourbon and whisky being the only thing good those southern confederate states have to offer (which includes Kentucky which attempted to secede but was too wussified to do so), unless you also count the inbred feebs which give us northerners so much amusemant.

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      • JakeGint

        Not even a partial, so sorry.

        “Bring the A Game, or Stay Home,” that’s our motto here, son.

        Anyone can do “sycophantic.”

        ____________

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        • WTF!

          Damn straight! Good advice, even from a southerner like Jake. Let that be a lesson to you alpha. (That sounded a little sychophantic re: Jake.)

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  6. Waltah

    Naive Melody – Great song by a great band.

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  7. Steve Chase

    Fly, i am looking at subscribing to various sites. The only factor I am considering is past performance… do you have a history of you documented performance posted anywhere?

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    • WTF!

      Quit Cramer’s Action Alerts Plus and didn’t re-sign despite a big discount because he lost me $. I now follow The Fly and don’t lose nearly as much. How’s that for an endorsement? Seriously, The Fly is thebest, unequalled and without peer and if I were to have any more kids, I’d name them after him. At my age, who the hell cares about anything, much less naming their kids after an insect.

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      • WTF

        How can you even mention Cramer in the same paragraph as Fly?

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        • WTF!

          As a contrast my dear WTF, as a contrast. Different ends of the spectrum. That kind of thing. Trying to help out a brother who is confused and has likely been inundated by Cramer and needs to be set straight.

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  8. Fly

    Case

    Ask my readers.

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  9. FIG

    This market feels on edge. I am lightening up.

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  10. rus

    @fly You still have a BEARISH lower stock prices in the Future Banner on this page. Are you still Bearish Long Term?

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  11. Mark Twain

    A gentleman and a scholar. You are the American.

    Carry on, carry on I will.

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  12. alphadawgg

    Whoa! Judging from the time stamp on his post, the Fly must be stuck in some sort of time / space continuum, or is that he merely addressing his readers while coasting in his time machine?

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  13. trashed

    Steve Chase. He is up 1000% percent in 2010 in his personal aggressive account. That is not a lie

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  14. DrBigBoss

    this blog freakin cracks me up.

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  15. andy

    I did not make any money in 2011, but I treated myself to a lobster.

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  16. DrBigBoss

    Steve Chase,

    the fly KILLED IT in the last few years I’ve been following the blog. His personal leverage account was up 10x in 2010 and I can’t remember a year he was up less than 30%. Seriously one of the best investors I’ve ever seen.

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  17. The_Real_Hmmm

    Bought WFR lotto tix. In the future nobody will have rickets. The stocks will always shine and the sun will only rise.

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  18. alphadawgg

    A wise mentor once told me, “If you ain’t buying stocks, you ain’t buying shit”. (Think about that for a minute)

    This is a wise saying and worthy of contemplation.

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  19. A Monkey with a Robster Hat
    A Monkey with a Robster Hat

    HDY, am I the only one banking fucking coin of this? Big inside buys today.

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  20. TeahouseOnTheTracks
    TeahouseOnTheTracks

    Sold RBCN for B/E … 22% cash now

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  21. Yabollox

    Fly has a solid record of picking winners. Better than that, he gets out of the losers quickly. That to me is his best talent. No problem with recognizing a mistake and quickly correcting it.

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  22. Doug Kass says

    We’ve seen the highs for the year!

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  23. brent

    Fly, any thoughts on MOTR’s recent action?

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  24. The Fly

    MOTR is fine.

    BORN ripped into the bell.

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    • brent

      Wow, did it ever! Thx for the feedback on MOTR.

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    • FrankWhite

      Hat tip, Franky.

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    • FIG

      MOTR has been getting stomped upon for a while now. Eventually the selling will cease, and the pent up demand will make it rip higher in very short order. I am just impatient…

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  25. alphadawgg

    MU has been a go-go juice special. Still holding…..C also.

    Added more C today under 5.05.

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  26. FIG

    any comments on DANG ripping tits?

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  27. stinkystank

    and by incense, I believe the FLY is making reference to the almighty cheeba. i can help you with this if you’re ever in teh SOBX, btw…

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  28. Doug Kass says says
    Doug Kass says says

    CSTR spit the bit…can’t be good for NFLX.

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    • TeahouseOnTheTracks
      TeahouseOnTheTracks

      or a lot of Netflix enabled DVD, Wii, etc gifts under the Xmas tree stealing Red Box’s thunder going forward …. could mean more revenue for NFLX, no?

      Full Disclosure: I own neither CSTR or NFLX

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    • StocksRider

      Reasons for CSTR disappointment has no relevance to NFLX business model. Party on.

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  29. pistilstamen

    Awesome song choice…

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  30. Bubbles

    I take it Danny is gone for good?

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  31. Belly of the Beast
    Belly of the Beast

    FIG – CIF
    FLY IS GOD – COCO IS FAT

    And now, a message from the President of the United States:

    http://www.youtube.com/watch?v=Bpq1oKOd9nE

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    • Omeizer

      POTUS is blowing up….this is definitely better than the speech in Arizona.

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      • Belly of the Beast
        Belly of the Beast

        Catchy song for a guy that’s into The Stones, Aerosmith, GNR, Ozzy etc.

        Correction: CIM sold 15m NEW shares in 7 hours, not 15m dollars.

        Meiz, your gal is slim compared to fat assed Coco, how could anyone confuse the two ?

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        • Omeizer

          correct. definitely not coco. i have no idea why bitches can’t get a clue and see the width is not the same.

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    • drummerboy

      godamn boy,you know they were the ones that wrote up the heaf ka bil.oh and valerie jarret too

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  32. Belly of the Beast
    Belly of the Beast

    AGNC just priced a 600m dollar offering at 28.
    It’s the only way a REIT can grow. 20% dividend, 5% per quarter, but you could probably trade it in 60 days
    for a little better, and skip the dividend. Rinse and repeat until you fear a rate hike looming, March is the next
    ex dividend.

    27 million new shares while they were saying 18m yesterday.
    Could that mean they are oversubscribed already ?

    They did an offering of 328m in October, and 219m in December.
    When CIM did a $15m offering, it was sold in 7 hours.
    AGNC will take a little longer as their volume is only 1.7m, but their volume is up 6m in AH.

    Friday and Monday close to 28 is a good entry, if it dips to 27 and change, even better.
    There are going to be a lot of angry and confused traders tomorrow. Maybe closer to 27, but watch that
    volume fly.
    Decide in March if you want the price run up or the dividend. (price will drop by the dividend, of course)

    Shout out to Drummerboy, Trading Nymph and Flyaway18.
    Y’all know me as Bobby K.

    (Deniro puts two fingers up to his eyes and points at you)
    Above video was for Chris, of course. How are you gals and guys ?

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    • Belly of the Beast
      Belly of the Beast

      Hell, with underwriters fees and discounts, AGNC could possibly trade below 27 tomorrow.

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    • drummerboy

      BOBBY……HOWS YOU DOIN BROTHER…….DAMN.WHATS GOING ON MAN,HOPE YOUR DOIN GOOD. geez,where ya been hangin?T.birds’ been here a couple of times,keep up with him through e-mail. dude we got to catch up.lots of laughs gone down since we all spoke to one another.

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      • Belly of the Beast
        Belly of the Beast

        Hey Drummerboy, good to hear from you and Happy New Year ! LOL, there’s not enough hours in the
        day for me to keep up with all this shit and have a home life too ………. The other site consolidated passwords and I haven’t had time to call them, so I can’t log on over there. Can’t call today, and Monday’s your favorite holiday, maybe Tuesday .

        I’m taking care of some crap today that’s gonna last til Monday, fixing my favorite gun 40 miles out, trip to PA for cheap smokes and booze, then the girfriend’s every little freakin problem. Lucky if I can watch a movie this weekend.

        What’s T Birds name over here ? What the fack is a heaf ka bil ???? Check into AGNC & CIM ……
        You saw the video from the President above, right ? Be back in a couple days, just wanted to wish
        you a HAPPY MARTIN LUTHER KING DAY, BRO ! How do you plan on celebrating ? We plan on
        renting a Malcolm Ten CD from when he was a kid at home with his parents and Reese.

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  33. Hank Moody

    Why don’t you man up and demonstrate your prowess by taking a short position? I mean this with all due respect as you are a formidable stock picker, you (fly) are like the guy with the pumpkin pear soup, you just keep scooping croutons that never run out.

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  34. checklist

    1 million pct respect to ibs, really… but…

    Lobster was prisoners food less than 200 years ago while captains ate tuna steak, brilliantly prepared, and there is a reason for that.

    Shrimp is served at every buffet in the world for 5 bucks

    My dad who avgd 18k a year wouuldnt have eaten a ribeye unless it was served as hamburger, and…

    A mercedes is kind of like banging your cousin

    Rollade,@wellington, fois gras, tenderloin, bernaisse, saffron… indeud!

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    • Omeizer

      if you want to rag mercedes, what is your car of choice, sir douchealot?

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  35. Fly

    Did this nerd just besmirch rib eyes?

    Banned

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  36. sniper6

    I prefer to dine on a handful of rusty roofing nails, with a side portion of coal tar remoulade

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  37. FrankWhite

    KNDI

    Mark Cuban just pissed in our corn flakes….

    Marc Cuban: We’ve posted a new investigation at Sharesleuth.com, about the hidden creators of nearly a dozen U.S.-listed Chinese companies, including Telestone Technologies Corp. (Nasdaq: TSTC) and Kandi Technologies Corp. (Nasdaq: KNDI)

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    • drummerboy

      i just read a 15 chapter article @ altuchers site and that tickr was mentioned. telestone.its a shill company,it was basicly an article about dndn and naked shorts that are phantom shares,and the players involved with the scam are some people with a lot of notoriety. cramers name was mentioned more than a bunch of times along with micheal milken.cramers, so far seems lucky,in the respect that,if he keeps playing with the wrong folks,he could become bernies neighbor.

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  38. Mr. President

    Paper chasin’ tell that paper look I’m right behind ya…

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  39. Quint

    The day before this 3-day weekend is usually a weak one…won’t be getting the normal Friday afternoon rally because of it…nothing that bad though.

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  40. Chipman

    That Intel excitement didn’t last long…that company is part of the walking dead.

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