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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.

Public Announcement

(The Fly and Ragin’ Cajun showing off their winning lottery tickets)

Today’s CHINESE LOTTO winners were:

CTDC, XSEL, NOEC and KONG.

Please tune in tomorrow and remember to always play Chinese Lotto. Remember, you’re not really poor if you have enough money to play Chinese Lotto.

Note: this message was paid for by your Chinese Overlords.

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Everyone is a Winner!!

I am enjoying my recent forays into the land of ignorance, joining you monkeys on the long side. It doesn’t take a rocket scientist, or some fancy charts, to throw a few darts at the wall and make money. I bought some more stocks today. Out of all of them, MERU, FTK and HEAT are my favorites. I’m interested in short squeezes and things of that nature. You are interested in charts and squiggly lines. I spit on you.

Do understand and realize, the higher we go, the faster we will drop. It’s very nice and pleasant to sit here, as the balmy market winds caress my face, gingerly dropping $1,000 bills on my desk. Very soon, the winds will be filled with black smoke and bustling metal. When it happens, “The Fly” will be prepared. Until then, I am very busy throwing all available cash into retarded stocks, some more retarded than others.

NOTE: HRBN is still a great arb play here. What is your borrowing rate? After you figure that out, does it make sense for you to lever up and wait for the deal to close (most likely 6 months)?

[youtube:http://www.youtube.com/watch?v=VqrR56yMjWE 616 500]

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Fly Buy: FTK

Yes, I added to FTK, reducing my basis to $2.08.

With a short position of more than 20% and U.S. rig count through the roof, coupled with 25% sequential growth, I like my chances.

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Free Money Party

If you are interested in betting against stocks, avoid small names. Money is free and Wall Street is in beast mode, setting up mergers and acquisitions. It’s simply too hard to short retail, even though it makes all the sense in the world. These corporations do not care about valuations. They know the free money in their bank can buy them something of value, so they do it.

Having said that, I am short AEM because they are big. My other short, MELI, is definitely a takeover candidate. So, I need to heed my own advice and cover, else get my mustache punched off.

The market is a mixed bag of balls today. Metals and banks are weak, while tech holds up the nasdaq. Thus far, there are no Chinese Lotto winners. Then again, I call it “lotto,” so what do you expect?

I still like HEAT, AKS and FTK on the long side. And, HRBN is trading more than .80 below an all cash offer.

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Can’t Win If You’re Not Playing: CHINESE LOTTO!!!

I played CHINESE LOTTO on Friday and won, via HRBN. There were lots of other winners today, in the wonderful world of chicoms. Just know, this is a sure sign that the end is near, with regards to this run. However, before we drop, why not play more lotto?

As you know, today’s monster moves in HRBN/FTK were BLACK SWAN events for Fly haters. Deal with it and learn to appreciate the gravity of this situation.

I’m throwing a freebie out there tonight, for you non-PPT member leaches. I got my new lotto tickets ready and I am interested in playing.

Here are my top picks, as of right now. Things can change when trading starts tomorrow.

HPJ, SHZ, CELM, CFSG, CHLN, HEAT, JST, CGA, CTFO, TSTC, CAAS, JRJC, EJ
and YTEC.

For those of you who are not leaches, here is my PPT LOTTO watchlist, with other stuff attached.

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It’s Not Luck

FTK guided up, making that 6 straight quarters of growth. Dare I say, I am on the cusp of making money on this dog. Cost basis is a touch below $2.09.

Might I add, buying HRBN on Friday had nothing to do with luck. It was divine intervention, on behalf of those celestial beings that love “The Fly” and what he stands for. I don’t expect you to understand. All I ask is that you appreciate the gravity of the situation.

Going with the Chinese Lotto theme, I stepped in a bought a boat-load of HEAT this morning. Can you blame me? Big short position on this one and those clam-lovers are pretty damn nervous now, in light of all the Chinese gambling being done on our exchanges.

I’m still short AEM and MELI, as well as long VXX. However, I have made arrangements to neutralize my VXX worm-hole, via outstanding, kick-ass, grand slam, double digit melt up takeover plays.

[youtube:http://www.youtube.com/watch?v=PIXe3uxFRDs 616 500]

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“The Fly” is Back

Friday’s buys were HRBN and FTK. Losing streak over.

Carry on, small plebs. Carry on.

[youtube:http://www.youtube.com/watch?v=n_xe9pYoYLE 616 500]

UPDATE: I bought 30,000 HEAT. See you coffin-stuffers later.

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iBC is THE KILLING FIELDS

It’s not about feedback, good friends from the internets. It’s about control and how it pertains to a message. What is the message? You are asking the wrong questions. The correct question is what isn’t the message?

The answer to that is drivel.

Like in all facets of life, this website is riddled with lowly life forms, people unable to see their balls when showering. I am talking about the fat guy, with his hand in his ass, typing on the computer—attempting to address superior life forms. Trading aside, small plebs, this is about life. This website is representative of who I am; therefore it must conform to the highest standards, well deserving of 3 Michelin stars.

Because of this fact, I’ve been forced into mass bannings. It’s quite the spectacle, my moderation file and all. You see, I do not want to do it; but I have no choice. You must understand, once again: it’s not about you. Having said that, do you believe a person, such as myself, likes blogging like the wind every day?

Answer: unfortunately, no.

But then again, do schools have to open every day? Do lawyers need to conduct themselves with the most disdainful moral behavior, west of Afghanistan?

Yes.

It is my burden; therefore, I will carry this load for the benefit of mankind.

iBC is where the internet homeless guy gets jacked for his cup of coins and tossed into oncoming traffic!

So you know, there is a secret to blogging, with respect to gaining popularity. I guarantee you, I could leave iBC today, start a new site under an anonymous name, and be as successful as I am today, with regards to traffic and internet swagger. It would be no different than Babe Ruth hitting homeruns in Mexico, instead of here. Do not even think about asking me what the secret is, for it is none of your concern. Just know and understand, “The Fly” is the BlogFather of this game here. The rest of you are simply limping along, like retards in potato sacks, trying to keep up.

[youtube:http://www.youtube.com/watch?v=3FcWmx2QAn4 616 500]

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Life Goes On

This website thing makes me sick. Everyone is so damn snarky, with smug remarks and offhanded comments. You take a person and put him in a situation where he has to make real life decisions, based around real people and real expensive cars to be had, when it’s all at stake: he folds. On the other hand, you put him on the internet and he is a freakin’ rock-star, professing the secrets to success, while he has none of his own to speak of. Pardon my candor, but can you do it when it really counts?

A long time ago I was in business with a partner. Even though I haven’t talked to him in many years, I still love him like a brother. That’s just how I am; the door is always open. Our rapport broke down because he needed too much from me and showed little appreciation when he received it. Got it? In other words, I carried the big bricks, while he sort of tagged along for the ride. It was his smugness, in a way, that led to the dissolution of our joint venture and our friendship. His mantra was to organize, organize, organize. But, at the end of the day, he did nothing, while I ran the staff through fiery rings and executed one big ticket after the next.

See where I am going with this?

Good.

Monday morning I meet with my tax attorneys to discuss shelters. After that, I am meeting with a good friend of mine, who manages 700 million dollars, along with his buddy who wants to seed me in a new hedge fund. After that, I will drive home and then talk to you retards. I’ve been doing this since I was 15 years old. I haven’t lost money since 2002. Some years were awesome, like 2003, 2008, 2009. Other years were mediocre, like 2004, 2006, 2007 and year to date. The hilarious part about my mediocre years, pardon the sudden onslaught of smugness, is the fact that I was up more than 25%.

Don’t email me with investment tips. Do not leave comments here, giving me internet pats on the back. I am a lion, while you are just sheep walking about the yard.

Back to my $200 bottle of vino.

Classic Krull

[youtube:http://www.youtube.com/watch?v=v5F-RRT9udk 616 500]

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