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
23,471 Blog Posts

“The Fly” is Dead, Again

DECK just reported one of the worst quarters I’ve seen since I was ‘Ramp’d‘–back in the dot bomb days.

I can’t take it anymore. Thanks to the end of day leaked insider information in DECK, stubbornly, I opted to hold into earnings–knowing full well the company sucks giant dicks. They don’t sell boots anymore. THEY SUCK GIANT DICKS.

These are the facts.

I lost 0.8% today.

At the open of tomorrow, not counting all of my other, wonderful, stocks, I stand to shed 2.5%–thanks to the sinkhole that is DECK. I will most likely lose anywhere between 3-5% tomorrow alone. The only way I don’t shed blood tomorrow is if VHC and TC ramps higher. But you know that isn’t likely to occur. I am cursed, stuck with repeating the process of surging and blowing up–over and over again. Each and every time I surge ahead, I get knocked down.

When I am smashed, destitute and without hope, I roar higher.

My only solace, during hard times like this, is knowing I’ve done this before. This is a very familiar road for me, especially over the past 5 years.

After this debacle, I will need to regroup, tighten up the ship, leave no room for error, in order to clean up the mess of the OSG-FFIV-DECK triangle of death.

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86 comments

  1. Devil

    should’a hedged it

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  2. Trader 401

    The Fly always recovers

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  3. Half Blood Pope

    On a more important note, is the fireplace done yet?

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  4. Gent

    Who the Hell buys deck stock jesus crist, serves you right for buying that crap boot maker

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    • metalleg

      Very un”gent”lemanly of you to insult your host.

      On behalf of Sir Fly, I ask you, what do you own, Fuckface?

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  5. JTU

    Fuck! Sam Poser was right all along, that prick! You’re right, there didn’t seem to be anything at all positive in that earnings report.

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  6. xxxHuggieBearxxx

    I am just gettng murdered and fear we are on the precipice of a real correction, all caused by fear of the oncoming fiscal cliff. Crappy earnings are not helping.

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    • republicat

      I feel your fear, I shared the view past couple days:

      But when I feel helpless to make money in stocks; and want to throw in the towel, go back to work for a salary;
      Is exactly when the bottom is near. As long as there is cash on hand for the approaching bottoming out, I know it turns out well.

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      • 'merica

        I’m mostly cash (short lnkd), but I hope for “you’s guys'” sake we get a bounce. imo, the election and looming fiscal cliff make this situation different than in the past. Too much shit going on, feels different.

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    • Cascadian

      Thanks, I feel better now considering Huggie’s recent track record.

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      • xxxHuggieBearxxx

        I agree with both of you, i don’t trust myself which is why i am still holding everything. But then again with my recent track record (i.e. all of 2013) that likely indicates a big correction is at hand.

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  7. fifty2weekhi

    Fly, DECK surely is a cursed ticker. I don’t think you did well with it last year either. Don’t feel too bad as at least you have your boom bust cycles and win over time. I on the other hand have the knack of shadowing your trades only during you bust cycles. Sob.

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  8. Mr.Partridge

    Dr,
    I am sorry to hear this.
    Mr.P

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  9. The Fly

    I’m afraid “gent” is right.

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  10. Drewdog12380

    VHC will save you! The Devil is sure of it.

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  11. No One

    Why not double or triple down on DECK at the open?

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  12. illuminated1.

    Would you believe I shorted the Q’s at the close? “Bearish Divergences”… I think that’s what I’ll call my blog…LULz

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    • TraderCaddy

      I would be careful on those Q shorts. I went long the Q’s @ $64.22 in the AH right after AAPL was halted.
      I figured any real bad news was built into the recent decline and it looks like the chips may have bottomed.
      But, that’s just an opinion and that is what makes a market. I will see what happens in the AM.

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      • TraderCaddy

        Done and out @65.09 in AH.
        But, will look to buy SMH etf in the AM if the opportunity presents itself.

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      • illuminated1.

        Yeah, we’ll see… Cuz this time it really really is the bottom, honest and for true…

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  13. The Fly

    Because Deck no longer sells boots!

    See blog for details

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  14. Ur daddy

    Lol the fly is a dumb motherfucker. I been haunting this page for some time and been saying how the fly is only as good as the the markets ability to go higher indefinitely. Unstuck big dick friend, and ur a fraud. Ur followers are dumb schisters with no lives and u live off the sad subscriber income of ur bullshit ppt garbage system that is oohing ore than an RSI indicator. Fuck u faggat ads cocksucking loser hiding behind a screen name, soon you will see pay on youtube exposing u and timsykes Howard gay lindzon and all the other Internet blogging frauds like joe fahmy

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    • AjBaker

      You sound intelligent and insightful. And you have a third grade vocabulary and spelling to back it up. Congrats.

      Do you have a link to your blog where you lay out your buy/sells and win/losses? Nobody forces you to come here and read.

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      • Frog

        His troll personality forces him to go to various web sites & to do the only thing that trolls can do: insult other people.

        He doesn’t realize that insulting everyone he comes into contact with is not a needed skill in this world. Perhaps some day he will learn to do something useful instead.

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    • The Fly

      BANNED

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      • TradingProdigy

        It is funny how these guys come out of the woodwork when you take, and admit, your losses. Nobody wins 100% of the time. These poor super-idiots like ur Daddy are just miserable because their fear of a crash prevents them from buying on down days, and then when the fear is gone and the market is roaring higher, then they buy, only to sell out of fear when the market pulls back naturally again.

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    • Show the Cards

      Proceed…

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    • Mr. Cain Thaler

      I love how any credit earned for past exploits has a shelf life of 3 months or less.

      When I first found this site, and The Fly, back in 2008, he was busy shorting the living hell out of the indices.

      He was also one of the first people to turn bullish in 2009 after the (in hind sight) bottom.

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  15. JTU

    Can’t seem to log on to DECK’s conference call. Have you had any luck?

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  16. It Is Showtime

    “Triangle of death”

    It is a comically tragic way of putting things. One of the reasons we follow you. An honest smart guy with entertaining ups and downs

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    • Show the Cards

      “Triangle of death” is code for “axis of evil”, or the evil empire, or the third reicht, or, name it.

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  17. ben

    you are buying lost bitch for a sexy show. normally they are ugly.

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  18. noodleboy

    for whatever its worth, I wish you luck fly.

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  19. ....

    DECK needs the mother of all winter cold, and long lasting too. Till May next year to get the sales back up of UGG’s.

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  20. The Plumbers Crack
    The Plumbers Crack

    DECK, oh man what a piece of shit.
    I feel your pain. Not in it ( no homo, no ending the sentence in a preposition).

    I know the Fly will win again. In the meantime I will repair/clean all the toilets in your new home for one year, just because I do shit.

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  21. Fetch_Romney

    Well gosh, what’s with all the gloominess around here? Your stocks will go up tomorrow, you just have to think positive! And it helps if your father has killer insider information. Heck, I’m reminded of a song. Why not sing it with me?

    “Your stocks will go up, tomorrow, better your bottom dollar that, tomorrow, come what may. ToMORrow, toMORrow, they’ll go up, tomorrow, it’s only a DAY AWAYYYYYY!!!!”

    Anyhoo, tootles!

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  22. Jakegint

    Put this aside, and tomorrow, slay with Silver ingots.

    ______

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    • charlie

      EXK is a wise buy here, indeud. But Senator, you’re forgetting that Fly is a COAL man. Always has been. He will soon return to his roots and push his gains to new yearly highs via egregious purchases of ACI ANR and JRCC.

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  23. ruggyup

    “Triangle of death” A phrase coined by philistines with only $5 to buy sex.

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  24. Ur mommy

    Lol u dumb motherfucker trying to ban me. Don’t u know that the Internet has made it easier to change ip addresses than it is to change the sadness and shit brick of a portfolio that u run. Hmm let’s see how many losers this month in a row. ULTA 100 down to 92 now DECK 38 to 30 now .. FFIV from 92 to 80 now, have u had any winners in the past two months. How is ur subscriber money built account doing. Isn’t it tough showing ur hand . Wy don’t u post ur profits in real time. Or ok if u don’t want to show the pathetic size of ur dollar gains at least verify ur percentage gain through covets or or profit.ly … But u won’t cuz ur a fraud lying bitch ass

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  25. Frog

    AAPL & AMZN both missed earnings, but they are fairly flat in A/H trading.

    Hard to predict what tomorrow will bring. Bounce now that the bad news is out of the way? Down because that has been the trend latey? Or nearly unchanged just like AAPL which is currently up .06 of 1 cent in A/H trading?

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    • noodleboy

      AAPL came down and “kissed” the 200DMA – 586, on the original spike down.

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  26. Frog

    Sorry, I meant up 6 cents– .01%.

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  27. A Mr. Samuel Poseur
    A Mr. Samuel Poseur

    lol

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  28. noodleboy

    Now that 1396.5 Gap filled (within 2 ticks – CLOSE ENOUGH), do we look to 1478 SPX open gap? that’s where the motherfucking credit crisis started. I think it might be time to look for a sublime SHORT SQUEEZE. Looks like I might have something to write about tomorrow after all…

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  29. JTU

    I listened to DECK’s earnings call, the miss was attributed to higher sheepskin prices, warmer weather and a weaker economy.
    That’s good,at least it can’t be blamed on not trying!

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    • The Eye-Talian Stallion
      The Eye-Talian Stallion

      Also, they cannot grow their business in the US. They are bound by geography, cold, dreary places that most folks move away from. I know some of the chicks around here wear them but they look awful stupid amongst the palm trees and hibiscus blooms.

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      • Highsurf

        I remember Deckers as a sun & surf sandal company years before they bought into Uggs. You’ve got to constantly remake yourself in pop/fashion/retail, but doing that even once, let alone repeatedly, takes real genius – and how common is that? Thinking about Apple too.

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  30. francesco

    aapl miss and recover to end -1% , qqq -0.1
    this correction is getting weak ..

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  31. razorsedge

    wow, sorry 4 ur pain.

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  32. widespread panik

    Correction is almost over. Load the boat on AAPL/DDD/ELLI. My long term buy and hold is TSM. The mobile revolution is a long way from dead. AAPL totally lowballed guidance so they could buy back shares quickly.

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  33. Sloop

    Fly, you’re not alone. I am pretty good with markets like this, but I have been caught flat footed this time.

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  34. flyaway18

    You’ve got too much shit going on and this is interfering with your mojo. Once you clear your head, you’ll be fine. I just don’t know how a guy cut of your cloth, manages to do that as you have a lot going on.

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  35. Show the Cards

    There’s more to life than meets ‘the eye’. [Did I get the cliche right?]

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  36. Show the Cards

    a Beta, but a good one.

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  37. dumbass

    its an election year. whos stupid enough to be long going into the elections.

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  38. dumbass

    deck is like crox. difference is that one sells ugly fuck plastic sandals and the other sheepskin. at least with plastic sandals they wear out and you have to replace them. with sheepskin it lasts long enough until it smells like hell – hell lasting longer and turned over every 3 years. just like the stock. .

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  39. Show the Cards

    DECK: CEO Angel Martinez, compensated ~$4.5M per year, sells “lifestyle products” Obtained position in Spring 2005, In September 2005, Mr. Martinez became a director of the Company and in May 2008, he became Chair of the Board of Directors. Subject– to his re-election as a director at the Annual Meeting, Mr. Martinez will remain Chair of the Board of Directors. Mr. Martinez has also served as a director of Tupperware Brands Corporation (NYSE:TUP) since 1998

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    • Show the Cards

      I would not say, regarding DECK, that “they suck dicks” in cap-lock; but I would say their future is dreary and dark, with no hope of recovery.

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  40. illuminated1.

    Pardon moi la mouche, I do hate to trouble you, but I just wanted to make sure you knew I was joking about starting my own blog, I love this one too much to try and compete. But maybe after I become one of your members I can also become a contributor? What would it require from me, for you to allow me to contribute to you debauchery? cheers mate, much love and respect! Jah Ras!

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  41. The Fly

    It’s so cool to know there are so many investment gurus in my comments section.

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  42. Trading_Nymph

    You know I am going to be in my Bear Glory, but then some Claim will come along and mess up my nice pretty sell off (I don’t think BoE Claim will do it next week)….I so dislike that. Stupid AAPL, 539ish is first stop, with 430ish next…and then back to the 287ish level that it would still be at if the Clam didn’t Juice the system with POMO forever.

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    • Trading_Nymph

      Clam not Claim, strange slip…I am watching the Spainish Jobs data, ouch 25%, and I think I was thinking about their claims.

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  43. Show the Cards

    My guess is AAPL goes to zero and bankruptcy court denies its claim.

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  44. Show the Cards

    The Fly lives, again.

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  45. john

    You hear about the FB IPO front running?

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