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Trading with The Fly

Dr. Fly
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
23,500 Blog Posts

Fly Buy: OPEN, CENX

Dr. Fly Mon Feb 28, 2011 10:16am EST 18 Comments

I bought 10,000 on this dip.

UPDATE: I added to my CENX position.

Disclaimer: If you buy OPEN because of this post, the next time you make reservations for a 3 star Michelin rated restaurant, it will not be honored. And, you will lose money.

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18 comments

  1. Mortimer
    Mortimer
    February 28, 2011 at 10:24 am

    Good morning Sir.

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  2. pedro
    pedro
    February 28, 2011 at 10:26 am

    With the dollar cliff-diving here, any thoughts to NOT reshuffling out of the metals? Seems like we’re on the verge of an epic squeeze.

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    • The Fly
      The Fly
      February 28, 2011 at 10:31 am

      I am not doing anything yet.

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      • pedro
        pedro
        February 28, 2011 at 10:36 am

        any thoughts on why the miners like EXK haven’t really gone up with silver’s rise in the last 7-10 days? seems like EXK should be well above its 52-week high

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        • EXK challenged
          EXK challenged
          February 28, 2011 at 10:53 am

          JakeGint warned that EXK will try one’s patience considerably a while back…look at his logs….

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  3. ruggyup
    ruggyup
    February 28, 2011 at 10:49 am

    Buy OPEN? I’d rather lose the reservation than the money and certainly not both.

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  4. optimist with a lottery ticket
    optimist with a lottery ticket
    February 28, 2011 at 11:37 am

    Dear The Fly. Is that a new disclaimer? Whatever happened to “you may lose money”? Please don’t take our hope away.

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  5. go2mars
    go2mars
    February 28, 2011 at 12:02 pm

    http://2.bp.blogspot.com/_nSTO-vZpSgc/SbDgRWXuXXI/AAAAAAAAFsU/d0sSLg_juKw/s1600-h/QE1.png

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  6. Jackblack
    Jackblack
    February 28, 2011 at 12:16 pm

    This open trade is disappointing.. There are so many other creative ways for you to throw money away.

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    • Jakegint
      Jakegint
      February 28, 2011 at 12:34 pm

      It fits with his gourmandish tendencies. Now go away before you are slapped in both cheeks with a 2.5″ ribeye, lightly salted, heavily corn-peppered.

      ________

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  7. Cascadian
    Cascadian
    February 28, 2011 at 12:27 pm

    MERC is my new position….

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  8. JTU
    JTU
    February 28, 2011 at 1:09 pm

    PWER and SOL getting whacked today! Is this related to First Solar’s earnings? Anyone?

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    • The Equalizer
      The Equalizer
      February 28, 2011 at 1:42 pm

      Italy capping solar installations at 8GW, no grace period, no grandfathering.

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  9. Bullish
    Bullish
    February 28, 2011 at 1:53 pm

    Is it possible that “The Fly” is Charlie Sheen? Either that or Charlie has been reading iBC and stealing Fly’s quotes.

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    • Charlie Sheen
      Charlie Sheen
      February 28, 2011 at 4:00 pm

      The Fly has his area of expertise and I have mine – I am a rock star from Mars. I checked into a motel and a 5 year old was smoking a cigarette – I bought some MHR.

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  10. One Upper
    One Upper
    February 28, 2011 at 1:56 pm

    Summer wear, pills, and lots of AC. If you figure out what this means you are a smarty mcfarty…

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