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
23,431 Blog Posts

The Jaw Dropping Rise and Fall of $DRYS is Mesmerizing

I bought this stock a fortnight ago and have been sheeved for half my investment as a result. At this stage, I don’t give a fuck. Let the whole thing sink into the pits of hell. It was an 8% position..

My better judgement knows that I should’ve sold a week ago, after the initial table collapse. But I didn’t. I know that I should probably sell it now, but I won’t.

Why?

I don’t give a fuck. How gentlemanly of me, no?

This stock rose like a bat from hell a few months ago, from the grave to $100 — a 2,000% increase in about a week. Now it careens 25% everyday.
IMG_6198

Do you faggots have any questions? Good.

I suppose a trade war with China could be bad news for shipping companies who make all of their money in, err, China. Granted, I fucked up there and made a high level retard trade. I promise to commit numerous blunders this year — as I fully intend to push the envelope to extreme levels.

I want to buy $NAK now, but I won’t. Actually, I can’t — since I’m fully invested.

Trump’s deregulations might help the idiots at $NAK survive and thrive. Obama was thier worst enemy, literally. They probably had an Obama picture affixed to a dartboard, dressed in Muslim garb, in the reception area of their corporate HQ.

Lastly, I’m befuddled as to why $GNK is rising so much. Are they just stealing DRYS’s sauce or somehow performing black magic on the markets to help the share price rise?

I really want to know.

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14 comments

  1. zookini

    Do you actually write this stuff and buy these crap stocks?

    Part of me wishes your blog is parody

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    • Dr. Fly

      Well, I do write this stuff and I certainly buy what I say I buy,

      There’s some context to this. I’m not as crazy as I appear,

      Two decades of managing other people’s money and a year off while dicking around in bonds and other stupid shit has provided me with the insanity needed to dedicate myself, with my own money, towards buying garbage throughout 2017.

      What can I say? I’m an extremist,

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      • sarcrilege

        extremist, ….. or, perhaps, market trader with a casino gambler type of addiction.

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        • metalleg

          Leave the casino gambling to options traders. Fly ain’t THAT bad.

          He’s not risk averse and has confidence in himself.

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  2. Bullish

    Fly,
    Did the 1/25 reverse split? Or the 1/4 reverse split? Or maybe the 1/15 reverse split give you any pause in buying this shit pile?

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  3. flychecker

    The Fly is impeccable when it comes to honestly representing his positions, as well as spelling out very clearly the wins and the losses. Anyone who frequents this blog should always be cognizant and thankful for that.

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    • bennyhill

      This is true. No Alternative Facts when it comes to Fly’s positions.

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      • john_galt

        “No Alternative Lies when it comes to Fly’s positions”. There, you stand corrected.

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  4. john_galt

    As long as you trade funny money, such garbage trade is worth a gamble. Your position size was too big though in retrospect.

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  5. stocksnblondes

    I come here for the alt-right views and funny commentary, not the stock market advice.

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  6. eerydey

    Not long ago DRYS was a respectable company and definitely on investors radar especially ones that paid attention to dividends. Because of “tradar tunnel vision” it’s still on their radar and it looks too cheap to pass up. And management knows that and is just playing games to pickpocket those poor bastards.

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  7. awanka

    I would only add that even at 100 dollars a share, their market cap was only a couple of billion. I could see a hedge fund or funds instigating an epic pump and dump scheme.

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  8. halfbloodpope

    $EGLE shall fly again soon.

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