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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.

Nice Moves Government

I am glad to not be invested right now. Somehow, someway, the stocks Gods protect Senor Tropicana from certain death, on a regular basis. I am man enough to say, had I been invested today, I would have lost money. But I didn’t!

That must vex many or most of you.

I know, there are lots of opportunities abound and folks here are banking coin, at a criminal rate, crucifying the shorts.

Consider this run a head start, for you retard pig masters. While SKF depreciates at an absurd rate, my vantage point gets masterful.

I appreciate the work Ragin’ has put into iBC, as of late. When it comes to playing bull runs, no one is better than good ol’ RC. You should be reading him, especially when I am on ice.

Anyway, it’s good to see the majority of you making some coin here— long. It will even better to see most of you surrender such said gains to HORATIO CLAWHAMMER, within the next week.

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Word of Wisdom

I could not have worded it better myself.

[youtube:http://www.youtube.com/watch?v=TOcQhqrqdpI&feature=channel_page 450 300]

Also, check out the “Tampa agent” at 2:03. That is a man with class.

[youtube:http://www.youtube.com/watch?v=OvYIQOT_3Nk 450 300]

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Grab Your Noose

I know you are PERMABULLISH, based upon ABSOLUTELY NOTHING, other than sentiment. However, keep an open mind to the fact that you are an imbecilic idiot, preordained to live the life of a simple man.

Short sales in ACC, HME, WRI, MAC, RIG and PACW are looking mighty agreeable right now. Why don’t you lick the BBQ sauce off your southern fingers and come on over to the dark side?

Motherfuckers, there is no reason to be nice to any of you, since you question my every move. For the love of guns and drugs, you ingrates even critique my cash position with idiotic quotes of UUP, as if that means anything.

Then, in your warped minds, somehow, you believe I am here to serve you with stock picks. You further the argument by suggesting “the site will die, w/o Godly stock picks daily.” Listen up here, asshole, I could blog about evening dinner wear or the magical innovation of automobile mufflers and still get more hits than 99% of you clown fuckers.

THE FLY IS MORE THAN STOCKS. HE IS BIGGER.

With that in mind, I have no advice for you, nor would I consider giving you any. You are, without a doubt, undeserving of an afternoon cup of tea.

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Epic Intervention

No point of me keeping the charade up any longer. People, I am besides myself, missing out on the God of all rallies, Sultan of all squeezes, King of all boomshackalackas. Saying “I don’t care about the market going up 5% per day, because I’m a dick and that’s life,” is a minor embellishment, if I might be so truthful as to say so.

While it’s true, I have no lost one wooden nickle, after locking in 25% (ytd) gains; it vexes me to no end to see pricks like you make coin, trading the easiest tape known to the Universe, while I sit here chomping on sandwiches.

So you know, literally, I cannot trade, since my accounts are in transit. I will leave it at that, regarding my career move.

On top of that, I am dealing with insane people, who are more apt to dealing with moonshine distillers, than men of industry, such as myself.

Anyway, despite the market spiking, Commercial Re is still weak. Had any of you listened to what I was saying, short ACC, HME and RIG, during yesterday’s fuckfest, you’d be up today. So, quit spreading urban legends that “The Fly” has been wrong.

“The Fly” is NEVER wrong, even when he is wrong, if you know what I mean. I said we’d hold this rally until May. Thus far, that looks like a promising scenario.

Also, by the way, Senor Tropicana is about to advance to the next round in iBankcoin’s Final Four contest.

Don’t fuck with me.

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It’s Not Doom and Gloom If It’s Fun

Let’s stop casting aspersions on one another, with regards to the gluttony of others, wanting more downside, hankering for America to be deposited into the shit bag.

While some of my contacts in Texas enjoy ripping you jerkoffs off via expensive Texas Tea, “The Fly” enjoys reciprocating by way of shorting Mr. Ten Gallon Hat’s common stock portfolio. It’s not a secret, I’ve been comically busy, in a slip on a wet banana sort of way, at work, doing what I do. For the record, I am not writing a book, nor would I have the ball-sacks to dare write one, at the tender age of 32. People who write about their lives, while living in their prime years, are fucking idiots and should be shot with high grade tranquilizer guns.

Most of the proletariat are bullish on stocks again, based upon some odd plan that has been regurgitated a half dozen times. The plan, as it stands, is nothing more or less than “cash for trash.”

So, with that in mind, does it not make sense to bet against the men, dressed in purple pinstriped suits, dancing atop of industrial sized satellite dishes? I think so.

“It’s not doom and gloom if it’s fun,” my grandfather used to say (actually, he never said that, but it’s convenient for me to lie). My gut says the market sustains higher levels until May, then quietly fritters away into microscopic dust particles, never to be seen or heard from again, as unbelievable as that may seem (in fact, that is quite unbelievable, indeed). Howsoever, my brain says to bet against the Guy Adami’s and the Pete Najarini’s (however the fuck he spells his name) of the world, via large elephant cocked sell orders. I am talking “crush your neighbors house with medieval sized trebuchets” sized sell orders, the sort that can send your stockbroker packing for India, in search of a higher being.

But, being that I have placed my balls on ice for the moment, I shall endeavor to gradually reenter the market, using small “chick-type” trades to warm up the old street cannon.

First on my list of names to bet against is PACW, then ACC, then HME, then WRI, then MAC, then the entire oil/gas sector. Not to ruin the moment or anything, but I will not be trading for a few more days.

But when I am ready, it will be splendorous. It will be regal. God damn it, it shall be stately!

A Shot out to my boys in Texas!

[youtube:http://www.youtube.com/watch?v=E_BAPV3CcSI 450 300]

UPDATE: Sweet!

[youtube:http://www.youtube.com/watch?v=94lW6Y4tBXs 450 300]

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Oil is Going Lower

There is no such thing as inflation or reflation. Inflation is the favored theory of delusional traders, who dream of fire breathing dragons and suck on pink lollipops, while at work.

Last I checked, people are losing their fucking houses, IRA’s and their cars. The principal underpinning behind the inflation theory is “death of the U.S. dollar.” My friend, the dollar is not ready to die, at least not yet. The dollar will die when the charade of musical chairs and smokey mirrors ends. As of now, central banks, worldwide, are pretending as if the credit crisis never happened. They are attempting to reflate out of this mess, as if the year was 2002.

Au contraire, fuck face.

Oil will trade lower, because economic growth is non existent. The supply and demand factors of oil greatly outweigh the little bullshit games you assholes play with the dollar versus euro.

With that in mind, I like short RIG, short XOM and long ERY/DUG here. Position size should be 20% of target size and average ins should be placed on 5% dips.

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Behold The Great Ass of a Market

If Picasso took a few weeks off from painting, you wouldn’t heckle him, on some stupid website, telling him ” you’re missing out on all the cool new painting,” would you?

Answer: of course you would. You’re an idiot. That’s what idiots do.

Instead of traveling yonder to the other tabbed bloggers on iBC, who by the way nailed this rally, many of you are obsessed with what “The Fly” is partaking in. Didn’t your Mother teach you to mind your business?

Answer: of course she didn’t. You were raised by a pack of wild wolves and possess the etiquette of a mountain lion, dressed in formal night attire, at a fancy dinner banquet.

Look, the market is not going to blast off to new highs anytime soon. Sure it sucks to miss out on “epic rallies.” However, we get a lot of that shit around here, these days. Sometime soon, I will be back trading again and you will be back to questioning my every move.

If you want my opinion (why the fuck else are you here?) sell this rally, as if your hands were about to get cut off by a lunch meat slicer. In my opinion, now is a good time to belly up and throw down some shorts in ACC and HME. And, if you have to go long, take a look at WNR or PCR, on a dip.

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Death By a Thousand Bailouts

Seriously, dude, do you really think Obama is going to let banks set up hedge funds to buy their own assets at inflated prices, all financed by the U.S. taxpayer? You have to be smoking crack mixed with drano to think that shit will happen.

The banks are not off to the races here. Fuck that. They are the ones who will be forced to take more write offs, as the Fed and Treasury attempt to take the albatross of bad debt off their balance sheets at fire sale prices. If this government has communicated anything, it is evident they don’t give two shits and and a gay accordion player about equity holders. Their main goal here is to protect the bond guys and secure favorable trading agreements with sweat shops around the world.

What I am telling you is this: what you witnessed today, via “epic rally,” is no different than seeing a dying persons last heartbeat, before the defibrillators cease to work, sending him to dinner a la pinebox and worms.

The old model of consumption, fueled by way of slave labor abroad, built upon asinine credit policies, all propped up by a criminal government, is dead. I cannot tell you when the market will nose dive next. All I know is, before we are able to sustain higher equity valuations, the country needs to undergo a 180 degree economic face lift, as it pertains to lasting growth.

For a trade, you can venture off into a number of dead/broken sectors and make some quick coin. After all, that’s the name of the game: bank coin, no matter what. But, keep it in the back of your mind, in a very ominous way, people are hurting and the systemic damage to the system is irreversible and will lead to further job losses, which in turn will most certainly lead to a weakened stock market.

Don’t believe the hucksters on television who are calling this “the new bull market.” Tell me, what industry will lead the way: oil and copper?

Please. If the best we can do is cause hyper inflation, via Federal Reserve printing press, God help us for we are fucked on a spindle. Higher commodity prices will sink this economy for good.

Trade accordingly.

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