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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.

GORILLA OPPORTUNITY

Trading 8x 2013 earnings, GLW is the proverbial value play that can offer outsized returns, if the stars align for them. The flat screen teevee market is a big driver for Corning Glass (GLW makes the glass for the mobile and television markets). However, the teevee market has been sluggish, due to a long standing oversupply condition in inventories. It’s what bankrupted Circuit City.

But, that shit can change overnight, literally.

Should Apple launch its Apple Teevee in the 4th quarter, I believe this will rejuvenate the teevee market in a number of ways. Not only will people offer to kill each other for a $5,000 Apple teevee, but competitors will copy cat the machine, leading to a boom in the industry—identical to what happened in the phone industry upon the launch of the iPhone. At the time, no one believed Apple would impact RIMM. People bought RIMM, thinking “Apple can’t touch the enterprise side of the business.” Well, Fast forward a few years and not only is Apple eating RIMM’s lunch, but so is Android–reducing the Canadian rotary phone maker to “worthless dicksuckers.”

Now the teevee manufacturing process is a lot different from the phone and it requires a lot more glass to fill a 64 inch screen than a 5 incher. At this stage, I am simply running on logic and gut instinct. But, I’ll get the data together to support my thesis within time. The only problem with buying GLW now is timing. We may be a bit early to the trade and they might miss earnings in the short term. However, in my opinion, any dips should be met with buys, up to $20.

Yes, this a a longer term hold, just like YELP, similar to my previous beliefs in WNR, FTK, GMCR etc.

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Swap: AKS for GLW

I sold out of AKS and bought GLW.

I have zero tolerance for underperformers in a trending market. Plus, I still own RS.

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Diversify

It is unbelievable to me that BATS failed on the day of their IPO. That company is cursed. Nevertheless, I think it is a great company and will recover from this horseshit. A lot of people in the media shit on BATS because of their old buttfuck buddies on the NYSE. Well, sorry to say, but the floor guy is a fucking dinosaur. Companies like BATS will, eventually, take over trading volume. If there is one thing that is a guaranteed loser, it is to bet against innovation and technology. The dicksuckers at CNBC seem to excel as “suchness,” which is why people shit on them daily, amongst a wide array of others reasons.

Today’s standouts are tech stocks and speculative short squeezes, like ARNA and SIGA. For the most part, aside from some commodity related stocks, everything is up. But not all stocks and sectors are advancing equally. In order to ensure proper participation in this bull run, you must diversify. That means to scale out of heavily concentrated positions, in exchange for a pastiche.

A typical portfolio of the diversified nature will look like this:

Tech: 20%
Basic Materials: 10%
Financials: 15%
Consumer Discretionary: 10%
Consumer Staples: 10%
Industrials: 10%
Precious Metals: 10%
Healthcare: 10%
Utilities: 5%

The allocation model is entirely discretionary. However, one should not weigh more than 30% into one industry if the goal is to diversify. Unlike past markets where everything moved up in a convoy, I am beginning to notice that we are in a stock pickers market, one that rewards trends then flushes them and hops onto the next trend. I’m not just making observations in the average man, pedestrian, civilian manner. As a point in fact, “The Fly” is being alerted to the whims of the market with his new correlation tool, available only to me. The rest of you fuckers will get to use it once PPT 2.0 is released.

For those of you who are curious, here is a slightest of sneak peeks into the new look of PPT 2.0

Bottom Line: we’re in a fucking bull market. Sack the fuck up and capitulate on your wrong headed shorts. Once you are done being wrong, get right by allocating assets into a broad range of sectors and themes. The stated goal should not be to hit a homerun your first time up. Get your capital base up and then you can take a few wild swings.

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QE FOREVER (RICH FOREVER)

In a speech this morning, Federal Reserve Chairman, Benjamin Bernanke, said he’s throwing a few hundred billion kilos of cocaine on the economy, aka “QE3”, whenever the fuck he feels like it. The economy is coming back, but it isn’t. Ben is only interested in having Obama get reelected, so he can keep his job. Therefore, THE BEARDED CLAM has decided to put a bid under the market for the rest of the year.

Now futures were already up before his speech, mind you. But now shit is getting giddy, +22 on NASDAQ, effectively TVIXing and Cherry Blossoming the bears yet again.

As an aside, many of you emailed me regarding the “investigative journalist” position at iBC. I got back to those of you whom I thought might mesh into the program. To reiterate, I am looking for someone who is passionate about disseminating news and information, at a rapid pace, with style and proper grammar. I was thinking about filling this position by June, so keep the emails coming in. It will be a paying job, but temporary position. If you own a blog; that’s a huge plus. But don’t bother emailing me if you just do technical analysis and shit like that. Flybroker at gmail.com

Well, prior to the market open, I look forward to a day filled with coin. I am 93% invested, heavily long, not really paying attention to reality or elasticity. You must understand, I tried the whole conservative sideline shit for more than 1 month. That’s like an eternity for a person, such as myself. But now it’s time to speak down to my enemies with extreme censorious tones. “The Fly” is back (as if he ever went anywhere) and you will soon BEHOLD generous winship on a level rarely seen before, particularly on the world wide internets.

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New Toy: ETF Premium/Discount Screener

Thanks to the sheer fuckery in TVIX over the past week, I quickly assembled a screening mechanism inside of The PPT (that’s right, I continuously offer and upgrade tools inside of the club for no additional expense) to screen for premiums and discounts to ETF NAV. Naturally, before taking the data as gospel, it’s important to double check through company website, due to possible reporting irregularities. At the very minimum, this tool will alert you to any shenanigans.

Premiums

Discounts

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FOOT FIRMLY PRESSED DOWN, HEADING FOR THE SUN

I’m back in my car made from dynamite sticks, not giving a fuck about the extreme flammables around me as I head towards the sun. By the grace of the Gods, I’ve been spared in the recent downtick in equities. Adding to the fact that I escaped the clutches of death that is VXX, I am banging on my jungle drums again–long egregious amounts of CPST, YELP, TDC, RS, BID EXK etc.

I was up 1.44% today and my energy level is much higher than yours. I don’t need caffeine or Red Bull. I’m fueled by winship pal. Watch and see the market shit on bears, as we head towards all-time-highs. Those highs deserve new lows in volatility, by the way. If you find yourself long downside products, listen to me very closely: capitulate or get flattened out like corn by alien spaceships making crop circles in your bullshit backyards.

Cash level: less than 10%

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It Was the Best of Times, It Was the Worst of Times.

Unfortunately, I know someone who is LONG 300,000 shares of TVIX. He is not a stupid man, either. The losses are in the millions and life must suck for him. How do you come back from a disaster like that? Easy, you just fucking do it. Plenty of people have dealt with far worse adversity than monetary loss and come out on top. If any of you buttfuckers are feeling all down and out because the market slapped you around like a little bitch, snap the fuck out of it and get back on your horse. No one likes a loser. More importantly, no one like a loser who feels sorry for himself; it’s just pathetic.

My Grandfather had to deal with thieving “fucking firemen”, who stole his “fucking stamp collection” when he burned down his business for the insurance money. If he was able to come back from that blow, so can you.

With regards to the market: we have a divergence. Tech is weak; but commodities are strong. This is your “Tale of Two Cities” (you dummies should read some Dickens, it’s good for the brain) and someone is on the right side of the trade. With China being the bigger concern here, I have to believe the commodities are speaking truths, whilst the tech stocks are fucking lying.

By the way, I read an interesting research note that said SNDK is enjoying an unusual tailwind thanks to the weaker Yen. Apparently, their EPS may be helped by 5-10% thanks to the Yen going lower. Food for thought.

Courtesy of The PPT, here are today’s Basic Material winners.

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The Death Knell of ETF’s: $TVIX

This fucker is down another 18% this morning. You do realize what happened here, don’t you?

SOMEONE HAS BEEN TRADING ON INSIDER KNOWLEDGE THAT CREDIT SUISSE WAS GOING TO ISSUE MORE SHARES. Hence, the ETN, which magically levitated well above its NAV for God knows how long, is reverting back to it now. There will be plenty of shares to short now. However, there were none available yesterday or months before it, so whoever has been shorting this fucker, yesterday and the day before, must’ve known new shares were coming to market; hence, someone should arrest them and toss them in gaol.

I am going to create a screening tool to track iNAV’s to current price for divergence. When I get the results, I will share it with you to point to potential red flags.

The market looks benign this morning. However, Europe is weak for a 5th day. In other words, we are in the midst of a correction. Do we buy it or avoid? That’s what makes a market and only one party can be right.

Top Pick: EXK

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I AM JAKEGINT

I had long day, scurrying through NYC for a little business and leisure. I met up with my family in Central park, following a meeting. My wife was with the kids. They were having a ball, tossing themselves around the place like rag dolls. As I was sitting there, next to the water fountain, shuffling through my emails, some fat bitch posted up next to me with her kid. From the second I saw her I knew something was off. Then the unbelievable transpired, right next to me and about 100 other kids and nannies: her 8 year old kid took a shit in a plastic bag she was holding. Chagrined, I quickly moved away. She wasn’t trying to hide anything, twisted up the bag and tossed it in the trash, sending little Jimmy to go swing like a fucking baby gorilla off the bars. In case you thought that was a racial slur, the bitch was white.

I figured if I was going to claim to be JAKEGINT, I’d preface it with a story like that.

I like gold here, way more than Jakegint. This whole Chinese slowdown will end up being HORSESHIT. They are undergoing political transition, as is the case every 5 and 10 years. The new commy fuckers step into office in 2013. Immediately following their appointment, their economy will rip to the upside because these new commy fuckers want to make a first impression.

The Chinese are all about shit like that.

My only gold play is EXK, despite the fact it’s a fucking silver stock. See, unlike JAKEGINT, I’m irrational in my belief systems. I don’t conform to anyone. Hell, both democrats and republicans hate me. Nevertheless, I am JAKEGINT aka Cement Head.

As the ‘reelect Obama’ campaign starts in earnest, I’ll be counting my gold bricks, while kicking homeless men in the dicks, impaling pikers on Wall with sharp sticks.

http://www.youtube.com/watch?v=E_10tfbfO94

 

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