iBankCoin

You’re All Plenty Stupid

So after the market closed, one of my smallest positions, ATOS, raped their shareholders by announcing a dilutive secondary offering. The result was a stock price careening lower. Naturally, as I type this, I know that there is a small subset of you that believe ATOS is my largest position. There is nothing that would give you that impression, other than the fact that it is down 20% in after hours trading. Nevertheless, the perpetually driven cynicism that lives inside of your morbid brain has already congratulated me for the losses that are to come. Thanks for that!

Nevermind the truth when we have something to throw at Le Fly, hopefully, and God willing, casting a pallor over him that will remain in perpetuity. You’re all sick, carnal beings– savages addled by drugs and toxins–weaker men than most– but diabolical in the highest degree.

And here I am, a humble servant, trying to give you the security necessary to live a fruitful life, a blessed one–such as my own. I toil and then blog, then I toil some more–all for a small sum of money totaling no more than several hundred thousand dollars per annum (net of all expenses, of course).

So, with that in mind, understand that a 20% drop in ATOS, while unfortunate in the small scheme of things, represents an opportunity for Dr. Fly to exert the vast resources available to him–to buy more–whilst still smoking from his pipe–fueled by The Black Swan.

Good night.

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24 comments

  1. halfbloodpope

    It is quite mind boggling that in 2013 the barbaric mammogram is still the gold standard.

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  2. flyaway17

    I’ll be a buyer tomorrow. Right now I am hating my grandpa stock, GE, and, as usual, RIG.

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  3. yxd0018

    You still believe their FDA story? If the story is intact, they could have waited then to have 2nd offering.

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    • The Fly

      No one knows what the FDA will decide, not even the company.

      One in the hand is always better than two in the bush.

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      • sethster99

        Even the best traders make mistakes. I applaud you or admitting your mistakes. I also am going to assume that you will not buy any more shares of that ATOS garbage, but instead will dump your shares in the coming days.

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        • The Fly

          Typically, the exact opposite should be done in the case of dilution due to secondary. The initial reaction is always lower, but recovers after the core thesis reemerges as the driving force behind the stock.

          What I need to decide is whether or not I am comfortable with assuming more FDA risk with ATOS. A lot of that depends on how my other positions do.

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  4. clock

    “….Nevermind the truth when we have something to throw at Le Fly, hopefully, and God willing, casting a pallor over him that will remain in perpetuity. You’re all sick, carnal beings– savages addled by drugs and toxins–weaker men than most– but diabolical in the highest degree….”

    Shame to them. 😀

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  5. ironbird

    Godzilla is lower lowing. The ticket for laundry seems to be a problem.

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  6. matt_bear

    In all fairness you have ATOS as the very first in your list of TOP PICKS and it is a confirmed holding thru buy alerts inside the wonderful ppt.

    That said, why would anyone wish financial loss on a fellow ibankcoin’er?

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  7. it is showtime

    I think my green day is getting closer

    I ain’t plenty stupid, but I am an american idiot

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    • ironbird

      You do not really think the end is near, right? Corrections can decimate accounts, but no way this tape dies without a fight.

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  8. ironbird

    Nat Gas is on a mission up another 3%. AREX for the win.

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  9. ironbird

    Duckbox is disturbing. The Three Stooges Meet Dracula and Friends in Davos.

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  10. xochi

    Mammograms CAUSE breast cancer, Just sayin’. Something must replace them, it’s just a matter of what and when. (from a woman, rare on IBC)

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    • drummerboy

      mammograms CAUSE breast cancer.i almost shit my drawers when you said that. please know what you say before you say it.my mom died from breast cancer before anyone woman even knew what a mammogram was.

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  11. gatorsun

    ANGI has a nice rack…big score coming

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  12. bood

    blood

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  13. Zenhunter

    Today $ATOS secondary offering is a gift. Bought some at the open. This secondary offering reminded me of $CLDX and $GALE secondary offering of last year.

    GLTA

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