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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.

I Eat the Bread. I Eat the Crumbs.

On the table is a loaf of bread. I pick the bread up and slice it with my knife. I cut it to ribbons and eat it all. After I eat the bread, I gather the crumbs and eat them too. I eat as much as I can now, while there is bread on the table, knowing a famine could be ’round the corner at any time.

As we embark on closing out a 7th straight up week in the market, I want to vigorously roundhouse people in the face, knock their ears from their heads, as I’ve all but missed it.

I missed the boat, being in the boat, suffering in the cabin with other cursed fishermen. But we are hungry and will continue our journey. Our vessel is no longer neutral, as it’s now fitted for open seas piracy and our crew has grown deranged from starvation.

I am going now, seeing my portfolio up a mere 0.57% for the day and BALT lower.  Any wholesale changes will be met with comedy, as was the case with ALJ and TRLA. Therefore, I’ve decided to remain aboard this vessel  and just ride it out.

Better currents ahead!

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“The Fly” Is Not Here At the Moment

He is out and about running errands, working slavishly for the people in search of conquest. If you care to relay a message, please leave it here, else risk perishing in the fires of hades without ever saying your word.

 

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IT’S TIME TO MAKE MONEY

Even though you’ve managed to fail at everything you’ve ever tried, since little league baseball: you’re about to make a tremendous amount of money in the stock exchange!

The great Turkey run of 2013 is about to commence. On the menu is the hearts and livers of those who bet against you. Would you like to eat these delicacies with rice or potato?

Your wife is going to think you’re so cool, she’s gonna buy you one of those “T-Bird” leather jackets from Grease for making all of that coin. You’re a lucky man.

Shortsellers will be crippled under junked Tesla automobiles and not afforded the luxury of wheeled chairs. Without the assistance of reality, via earnings reports, the bears will fall inside of the “fantasy hole”, subsequently devoured–never to be seen again.

All of “The Fly’s” stocks will recover and he will close out the year, miraculously, at all time highs, plus 70%–punching people in the face, knock-out style, all the way to the bank. Parades will be held in his honour and smaller men will be sacrificed to the stock gods, honored in the fires of a pyre, for the benefit of everyone here at iBankCoin.

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A Clean Rally

There were a few laggards, including BALT. But all in all, it was a clean rally, sporting 75% breadth. Let’s see if we get some follow through.

All of the crap that came under pressure popped today.

Names that interest me, aside from my holdings, include ILMN ($100 roll), refiners (arggg), and for some reason AFOP keeps popping up.

Based upon fundamentals, LNN is cheap as hell. And, I like fallen stars ANGI and OWW. Recent IPOs that interest me are WDAY, VEEV, CRTO and WUBA.

 

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“The Fly’s” Recovery is Underway

I am almost 3% for the session, led by RBCN. I don’t even care, really. Wake me up when I make another 10%. Goddamned  bastard losers.

Hey, did you see MODN post horrible numbers? That company has more than 50% of its market cap in cash. They just came public, yet they suck so quickly. Have a look at their employee reviews on Glassdoor.com. Hilarious brunch time entertainment.

I have to be honest with you, since that’s how I roll here. I’m doing myself a disservice by not searching for new ideas. I’ve stopped looking for over a week, satisfied with dealing with the outcome of my current holdings. That’s never been my style and I need to start hunting again.

If taking a fresh view of this market, I’d position in names that are outperforming, instead of buying dips. There has been a rotation taking place for more than 3 weeks and if you’re not careful, you’ll get swept up under the rug, forgotten, as top hatted gentlemen walk all over you above.

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Quick Morning Take

Even though Eddie LampBERT (sp?) sucks, the stock has done very well in 2013. If I had to sum up 2013 and boil it down to one theme it would have to be ‘short squeeze.’ From HLF to NFLX, 2013 has been the year when professional short sellers were studiously tossed into alligator pits.

$100 rolls have also been pretty cool. Look at JAZZ. I remember holding that stock for a few weeks, waiting for it to roll, only to sell it right before it did.

Words cannot express how disappointed I am with my recent forays into the stock exchange. I’ve been playing a game of ‘Knock-Out’ with myself since Hallow’s Eve and I am damn sick of loosing [sic].

I need pull myself out from the mud, draw my guns, and start shooting people in the face again.

The market looks good, yet again, despite TLT getting kicked in the nuts.

DEVELOPING…

BTW: Anyone else find it humorous that Carl Icahn announced a 13-D active position in HLX just a few days after warning about the stock market being pricy?

 

 

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Eddie LampBERT (sp?) Sucks

I’m still laughing at the ‘research report’ circulated by Citron yesterday, dragging VJET through the sticks and mud. Who wrote that report, Kenny Powers? These people are children.

I see the stock is down another $2.50, which is fascinating. You retards are just surfing the tide. You’re not swimming, which is why you have weak hands. “The Fly” has hands of stone and granite. He punches Citron in the face, then steals their lemons.

Retail numbers sucked today–because Obama is the devil. The economy is good–exclusively for those making more than 250k per annum. Stocks go up because Ben Bernanke is crazy and makes them go higher.

GMCR is ripping this morning, making a laughing stock of David Einhorn’s short position. Between GMCR and CMG, he’s been exactly wrong on the direction of two momentum stocks and should probably refrain from doing so in the future.

I like solar, dry bulk and sapphire on silicon. I also think Eddie LampBERT (sp?) is a goddamn idiot and should step away from SHLD.

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Bringing You Up to Speed with The House of Fly

I have two services that clean my house, one is very efficient and detail oriented. The other is staffed by illegal Mexicans who work as fast as the wind, possess greedy eyes and fast fingers. Like clockwork, the efficient service is predictably unpredictable–despite charging me 100% more than the Mexican service. They cancel on me at least twice per month! This leaves me with the undesirable situation of bearing witness to things going unpolished for an entire week.

Moving on: two house plants of mine have perished, one being a tall palm tree. I don’t know the reasons for their death, but only know that they sucked at life and wish them an uneventful after life.

Mrs. Fly is giving me an exceptionally hard time with the purchase of my new vehicle. She should mind her place and get to cooking meatloaf more often.

The gym is taxing much of my free time, as my experiment with nutrition and very heavy weights continue. I am bulking now (3,000 calories per day) and have gained an astounding 9 pounds over the past 3 weeks. I’m stronger than ever and could probably punch a hole through your chest.

The dead palm tree is still in the house and has gnats. Nothing could be more annoying. Where is the cleaning lady?

My dog only eats home cooked meals, which makes life interesting. How would you like eating kibble all day long, you stupid bastards?

My eldest son is incredibly bright, but wastes his time loafing about the television playing games.

Last but not least, I’m back to reading books again, after watching every meaningful movie ever made (this took me two years). On my iPad, at the moment, is Scaramouche, by Rafael Sabatini.

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Tragic Tragedies

This market sucks for me. It might be good for you; but it sucks for me.

I hope the planet explodes, taking Seeking Alpha and the Bitcoiners first, swallowing them up in a fiery volcano– calcifying their stupid bodies in molten rock–before planet X crashes into the Arctic circle, enveloping the globe in water and flames.

I was down 0.5% for the day.

http://www.youtube.com/watch?v=mDtWw0nbMbM

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My Gains Are Simply Tapering Away

I don’t get what the Fed is doing here, with these last minutes. Consensus is they will taper, finally, sometime in 2014. Well color me skeptical because I’ve heard this before. Nonetheless, I am getting jabbed to the face and ribs again. It’s like a never-ending sparring bout with Clubber Lang and I am Rocky–from the first fight.

Each and every day I lose money. The market is near new highs; but I’m not participating. Naturally, all of this could’ve been different had I not taken the loss on ALJ, at the exact lows. Refiners are marching higher, as predicted, without me.

The only thing I have going for me is time and a cushion. I am still up 37% for the year, which is pretty f’n good. But I am woefully underperforming over the past month and this tapering chatter isn’t going to help.

To be clear, I am down just 0.4% for the session, exacerbated  by the fact that I am leveraged at 130%. But I was up 2.7% this morning and all of this movement is making me impatient, Ringo.

 

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