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
23,469 Blog Posts

My Favourite Thing in the World

I’ve been to over 100 shitty homes in both New Jersey and Pennsylvania. Most of you live like pigs. Since you’re living above your means, your homes are horribly decorated and your kitchen cabinets are shit. Your bathrooms possess nothing of quality and your basements are stupid. It’s better to live in a home that is easily afforded and decorate it like a castle, than living in 5,000 square feet of squalor. For some of you younger guns out there, shopping for the mansion, feeling all hard and shit, think twice about that. Should your position materially change, you will loathe the day you decided to buy a home above your means.

As of now, Senor Tropicana will be homeless by summer, roaming the country in his mobile execution vehicle, trading stocks from his fucking commode.

Futures are soft and Asia is down. But I don’t give a shit about that. As a matter of fact (and this is true), I hardly care about anything at all, aside from my family. Nothing you can say or do will make me feel sentimental, as I have spent inordinate hours planning your demise instead of friendship. I can very easily declare war upon you and drag you into the mud, like a scalded dog in China. But I am generous and would like nothing more than to simply outstrip you from now until death.

But my favourite thing in the world is not any of that. I’ve decided, after careful debate, I enjoy short squeezes more than anything else. To put it plainly, a successful short squeeze not only equates my grande success, but the heart wrenching defeat of some other fucktard, likely clad in a grease stained tie and rubber soled shoes.

Therefore, as of today, “The Fly” will be fixed on short squeeze opportunities, obsessing on the mechanics of how one might emerge and why certain bearshitters deserve to be punched, royally, in the nose with jelly donuts. Hell, I might even launch a hedge fund directed at this very thesis, striking fear into the shallow hearts of those positioned wrongly.

According to The PPT, the following stocks are in classic short squeeze pain trap mode.

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59 comments

  1. MOTV8

    I do like AFFY, but QPSA not only fits your social media thesis but Chess’s Mexican Manifest Destiny as well! That’s a buy!

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  2. CalgaryG

    Househunting sucks; my condolences.

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  3. Dirk Diggler

    #15 is going on a bear hunt

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  4. HalfBloodPope

    Buy a house, knock it down, build a propper moat, and build a tasteful castle to suite the needs of your family.

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  5. Mr. Partridge

    Hey Dr.
    what style of decorating do you like?
    just curious …
    and since we are talking styles here i was wondering: do you normally dress in 3K suites or jeans and Ts…
    Thank you.

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    • CalgaryG

      Real men don’t concern themselves with “decorating”.Nor do they give a fuck if other dudes wear “suites” or otherwise.

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    • The Fly

      I like traditional but updated, crown molding, stainless steal etc.

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      • Halfbloodpope

        steel- A game

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      • xxxHuggieBearxxx
        xxxHuggieBearxxx

        i figured you for the floral pattern type…haha

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        • Mr. Partridge

          Mohamed Ali was a floral pattern guy, don’t ask me how I know…

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      • Mr. Partridge

        Thank you, I actually one of the people who thinks looking for a new home is fun.
        Have you considered building a new house?
        Although it can be much more expensive, but you can get exactly what you want.

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        • Blind Read Ant

          Y. Ask the Hearst family about that!

          Hehe. No. I know what you’re sayin’.

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  6. xxxHuggieBearxxx
    xxxHuggieBearxxx

    I am levered to the hilt, all my chips are in, and the market is moving in the wrong direction. I am hoping this is a rope-a-dope, with everyone thinking we are about to selloff going into summer, and earnings surprise big and europe monetizes spains debt.

    Runnin’ on hope over here.

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    • The Fly

      Your posts make me nervous. Something is wrong with you.

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      • xxxHuggieBearxxx
        xxxHuggieBearxxx

        yes i am all akimbo…i should, however, clarify…i’m not actually levered, but took the 40% of my portfolio that is normally allocated to bonds and bought GDX.

        So, i could in theory ride out any drawdown, but its an exeptionally risky position for me none-the-less (first time since i last did the same at 8k on the dow)

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    • Mr. Partridge

      I thought you are short..

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    • heaterman

      Europe is left with no choice but monetizing Spain’s debt. The cost to the currency though will likely bring it to ruin. They have no good options left. Much the same as here in the USSA.

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  7. Bullish

    # 14 – Zagg is going to rip the faces off all the pea brained shorts. I will enjoy the firework show the whole way up.

    As for house hunting… Seriously why bother roaming through everyone else’s shit pile? Build the castle u always wanted with all of your own designs. Exactly the way u want it.

    U may need to live in a mobile home for 6-9 months but who cares?

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  8. Honolulu Trader

    The Bearshitters say,Fuck You Very Much!

    Squeeze? Your nuts have already been placed in a vice. Devil Dog will apply the pressure.

    <$100bbl Oil is coming. $ERY 11.01….9.33

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    • Trading_Nymph

      That Oil drop should have happened last Wed but ecb had to talk about spainish bond buying grrrr. But, this week can be ours.

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  9. Halfbloodpope

    Why not drop the NYC thing and start up an investment company somewhere else? If you are worth 10 mil and just trade that for a modest 10% a year you are bringing home 600+ with only one client, yourself. If it is the culture you desire you can fly anywhere you please. Just playing the game; What if I were The Fly. Then again I am at the worm stage in the evolution of man.

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    • Blind Read Ant

      LeFly won’t leave the (dec)Eas(t) Coast.

      I’ve got trademarkable ideas for LV, but he’s got betta’ sights.

      I’m talking signage, airplanes and G$A scum fcku’s could wanna pension their headsets in!

      But, “you know”, it’s all about… . “You know.”

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  10. Whaler31

    The other thing about giant homes (5kSF+), is they are lonely at night, a pain to keep clean, and quite difficult to defend, in case of bad times.I

    Senor Fly, you will get a lot more for your money on the RE front, in about 12-18 months.

    During the rest of the year, leading up to Election Day 2012, much of the economic news from the “mainstream media” will be good, hopeful, reassuring.

    Everything is getting better, they will tell you. The long recession is finally over. Happy days are here again.

    Don’t believe it. The media, once again “in the tank” for Obama, will portray the economy as positively as possible to assure his reelection.

    After that, is hyperinflation, the collpase of the dollar, and a rush to hard assets.

    Real Estate will take another 25%+ leg down.

    Just rent until then!

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  11. Multatuli

    I do live in a small home that is easily afforded and I did decorate it like a (country-style) castle. While I did not splurge on the size of my home I bought as many acres of land as I could afford. I have always valued “Land” more than the size of my home. I now sit in my rocking chair on my paid-off property, thinking back to 1985 when I came to this country with a backpack, a dream and two cheese sandwiches.

    Multatuli

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  12. RRIskyBizness

    Well if you look at the historical data big houses are amongst the worst investments you can make. Over the past 100 years housing has only returned 0.8% over inflation before property taxes and maintenance. Compare that to the equity market that returns inflation plus 4% (more if you are the Fly). To the young only buy if you have to and only buy as much as you need. Use the rest to create real coin.

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  13. ca

    the neat thing is 2500 sq feet in ca is about $2milly lol

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  14. hammy

    nothing in Connecticut? Greenwich? New Canaan? Ridgefield?

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  15. Henry

    I love bernank’s beard

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  16. Blind Read Ant

    Fly.

    (SKIP THE REST FOR UNSOLICITED ADVICE FOLLOWS).

    Buy family one or two months in time share via $WYN (no, not $WYNN).

    (With any and all related family “game,” Fly hires a serious broker w/out state boundaries).

    P.s. Stay outta PA or NJ, both lack resale value. VA is far better than MA or CO for resale. I’d go VT as it’s a state of treu America, but note that I’m touch and go east coast.

    !!!Avec Chance!!! B.R.A.

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  17. Trading_Nymph

    Homes..Best to buy one off in cash and live beneath your needs. Kitchens should be built by a local woodworker using solid wood. Upper Kitchen cabinets should be built much deeper then stock stuff comes. Most McMansions are junk.
    Global Markets…Oil prices must come down after Iran went pussy at the weekend meeting. Short Squeeze can only happen if some ECB official can mess me up, but with german ecb officials coming out Friday with a slapdown, I should be OK..but I am a Bearshitter.

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  18. drummerboy

    it’s NOT easy,especially for the kids.yea, sure summer break is coming,and the kids might not see their friends from school next year,which could be a little hard on them,not knowing which school,or who their new friends might be.i know that when i was 9 yrs.old,and mom and pop moved from philly to chicago was pretty hard for the first year.

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  19. razorsedge

    look at FUEL, ouch. (i dont have any shares)

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  20. razorsedge

    avg no. of homes a buyer looks at is 3-10. when someone is hot to buy its 3, more reluctant buyers 10. 100 homes just means you are looking for the best deal on the planet.i was content to rent the rest of my life, but the wife didnt like that. we looked for 1 year and over 60-90 homes. after i bought found many better deals. damn.

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  21. Victor Merciless
    Victor Merciless

    If Pennsylvania, Villanova/Main Line, or Hershey are likely the only areas with neighborhoods, schools, and homes fit for your taste.

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  22. JTU

    SOL
    Monday, April 16, 8:26 AM What’s shaping up as a potential breakout day for Chinese solar stocks – Notable Calls says maybe as high as 15%-20% – comes after the beat-up sector is viewed as attracting large-size suitors in China such as Sinopec, ChemChina, and CNOOC to help provide firms the financial backing to maintain operations during low demand periods. More premarket movers: SOL +3.3%, STP +4.8%.

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  23. Mike

    about to stop out of my WNR…ideas for my cashe???

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