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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.

Rejoice, The Great Whore is Ours

As you know, “The Fly” is establishing a base camp in the mountains, before snow fall. He will prepare his newly polished army of savage/bullish dip buyers to assault the idiotic bears, with great vigor.

We will rejoice in our enemies blood, while some of our “rougher type” eat the livers of those who bet against us.

First, I will set my armies of vengeance upon those who sell short The Mosaic Company [[MOS]] , National-Oilwell Varco, Inc. [[NOV]] and [[UYG]] . With some smaller forces, we will take back [[M]] and General Electric Company [[GE]] , while annihilating those who are fucking up the price action in The Procter & Gamble Company [[PG]] and Citigroup Inc. [[C]] . And, don’t forget to pillage the coffin stuffers who hide in treasuries, via getting long [[TBT]]

All in all, General Fly aka Senior Tropicana is punching out the adams apples of retarded assclowns and third rate money managers/bloggers.

Be well.

NOTE: Shocker. “The Fly” wins again.

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“The Fly” and His Reps, Post Crash

The market has had an insidious effect on some brokers, mind you.

[youtube:http://www.youtube.com/watch?v=pN5ehXuiGL0 450 300]

Let this be a warning to all you homo bloggers.

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The Signs Are Everywhere

We are bottoming somewhere around these levels. I can feel it in my fucking bones.

The VIX is at egregious levels. People are so depressed, they are lining up to kill themselves via howitzer. Long term bears, like Mr. Big Picture (who called the bottom in 2002), is now going long. Hedge funds are closing up shop, big and small. Investors are ignoring fundamentals and, instead, are embracing fear.

Without a doubt, we are in the midst of the most troubling times this country has ever faced, at least financially. So, do not go balls to the wall long, without having cash reserves. At the present, I have a 45% cash position and will hold 25%, no matter what, unless we dive to 7,500.

Inflation feels good. Deflation feels bad. I learned that shit in caveman school.

Eventually, the market will get back to normal and you will regret not nibbling, like a small rat inside a cave made from chocolate, down at these levels.

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I Nailed the Bottom

As you already know, via my idiotic “Twitter page,”(do not dare try to follow me), I called the bottom. Because of this, I am having my people set up an “exclusive interview” on CNBC. While on the show, I will discuss all sorts of shit, like why Bill Miller deserves the electric chair and how Warren Buffett is, in fact, a space alien magician. But, we knew that already; so it won’t be “breaking news,” per se.

Seriously, I have been buying 500 share blocks of National-Oilwell Varco, Inc. [[NOV]] and The Mosaic Company [[MOS]] all day. I have refrained from buying anymore [[UYG]] . I have a lot of cash and will use it to make purchases, as moronic hedge fund managers get blown out.

In short, let’s rejoice and suckle from the great whore and honor the “King of Equities,” aka “The Fly,” for calling and nailing, as a point in fact, the ever elusive bottom.

NOTE: Should the market go down again, I will call another bottom. No worries.

UPDATE: I bought 25,000 [[UYG]] @ $9.55. I constantly change my mind, always.

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Continuous Crash

SPECIAL EMERGENCY UPDATE: I NAILED THE BOTTOM. Someone please schedule my CNBC interview. “Famed internet blogger calls the bottom.”

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This is a wonderful business. I get to witness a market crash just about every day now. Here I am trying to bottom fish, showing a modicum of confidence in this wretched system and BAM: off with my mustache.

For me, the conundrum is the fact that valuations are so cheap. We are in crash mode here and people don’t give a fuck that Intel Corporation [[INTC]] or Google Inc. [[GOOG]] are as cheap as a Bronx hooker.

Every asshole I know, including the strange men on the t.v., say “we need to retest the intraday lows of last Friday.” Fuck you sideways.

Now that everyone is saying it, of course it has to be done! It’s a self fulfilling prophecy.

I am just pissed off because I’ve been wrong buying the dips. I should have been chasing the momentum down. However, again, the valuations are just absurd. I am very, very bitter.

Where’s oil going? Does anyone even need oil rigs anymore?

Transocean Inc. [[RIG]] and National-Oilwell Varco, Inc. [[NOV]] are going to have to lay down their rigs and let them rust in the mud. Homeless men will live in them and use them as urinals.

It could be worse. I could be fully invested.

I was going to buy more [[UYG]] at $9. Fuck that. The way this market is trading, I’ll be able to step in at $2, today.

I’m going for a walk.

UPDATE: Holy shit in a bonfire. WE’VE BOTTOMED!!!!!!!!!!!!!!!!!!!!!!!!!!!!

NOTE: I will continuously say “WE’VE BOTTOMED,’ since I will eventually be right. After nailing the bottom, “The Fly” will go on the teevee and tell people how smart he is, and shit like that. I will go on the teevee with my white flowing robe, leather sandals and have my trader/servant carry “THE iBANKCOIN STANDARD” onto the CNBC set. It will be quite the scene.

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Who’s Scared?

I bet you faggots were all worried and shit about some sort of apocalyptic crash today. You were sitting on your bullshit couch, watching your bullshit t.v., saying “OMG, I am afraid to even think about looking at the market tomorrow, it’s going to be a horror show.” While this may still turn out to be true, you have nothing to fear but fear itself, when it comes to the market.

The market is not a normal place to invest right now. There are so many hedge fund managers (I chuckle, not laugh, when I write this) going out of business, via prime brokerage seizures, it’s quite the midnight laugher. As for me, Mrs. Fly wants no part of this ‘idiotic stock market.’ She hates it. Actually, I think she thinks I am bullshitting when I say “Hey Hon, the market crashed again, what’s for dinner?”

As an aside, this morning I stepped in and bought a decent amount of [[UYG]] . Much to my chagrin, I’m already down. However, I am going to buy in increments. I will buy up to 300,000 shares. And, I will buy 100,000, mind you, on every point down. In other words, I do not think it will break $8. Hence, I am starting to buy here.

As for my other unhealthy/obsessive buys of National-Oilwell Varco, Inc. [[NOV]] and The Mosaic Company [[MOS]] , I cannot let them go. I will buy them, if I might be so bold, whenever the fuck I feel like it, quite frankly, as opposed to being entirely “unfrank” in this discussion.

In closing, quit being such a pussy, grab your balls, and start nibbling, like a small rat inside of a cave made from corn.

Top picks: [[TBT]] , National-Oilwell Varco, Inc. [[NOV]] , The Mosaic Company [[MOS]] , [[UYG]]

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Fly Buys: UYG, NOV, MOS

I bought 100,000 [[UYG]] @ $10.27, 3,000 National-Oilwell Varco, Inc. [[NOV]] @ $24.70 and 3,000 The Mosaic Company [[MOS]] @ $35.06.

Disclaimer: If you buy the above stocks because of this post, you will get testicular cancer. And, you may lose money.

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The Upside to The Great Depression

No longer will you see tanning salons filled with men, who just got back from the nail salon getting his fucking nails polished and his eyebrows waxed.

That guy is done.

No longer will you see the guy with excess hair gel, cologne and multiple blackberries.

Fuck that guy. He is done.

The chick with a fake tan at the shopping mall, in search of her 20th coach bag, while sipping on a latte is fucking done.

The construction boss with 10 illegal mexicans workers, leaving jobs half done, in order to start a new one is fucking done.

Anyone who believes in free market capitalism is fucking done.

Chris Cox, SEC King Pin, is fucking done.

Donald Trump, saddled with bullshit commercial RE and obnoxious casinos, is fucking done.

Any CEO who thinks he is going to golden parachute out of his bankrupt company is fucking done.

Assholes who are green and clean will never ever see their environmentally safe projects completed, since oil is going back to $40. They’re done, in a very egregiously “ungreen” way.

Finally, the idiots who are loading up on gold bars, thinking it will be the only source of currency in a post Armageddon America is delusional and done. People will not give two fucks and a gay goat in a boat about your bullshit gold coins, when there is no food at the store— because the era of the fucking dustbowl is back in a big way.

Feel free to add your own.

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