iBankCoin
Home / Dr. Fly (page 2278)

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.

Setting Up For a Flush

Throughout the day, I made a variety of changes. I significantly pared back my short positions in [[LEH]] and [[DECK]], while bulking up on [[REW]], [[SMN]], [[SRS]] and [[DUG]]. Also, it’s worth noting, I sold a few thousand shares, very quietly, of [[SKF]]—near the highs of the day.

Chinese related stocks sprinted higher, as did select retail— like [[M]], [[GME]] and [[ZUMZ]].

For the most part, “The Fly” is extremely bearish on the markets, but will take his time averaging into selective inverse ETF’s. The key to building a winning position, is to avoid going “all in” at once. Instead, buy or sell in 10% increments. Meaning: if you are interested in buying 100k worth of SRS, buy 10k at a time.

Trust me, it will give you peace of mind and allow you to manage your bullshit trading accounts like a pro.

Early next week, I expect the financials will remain steady, with tech leading the way down. Short term, I will be focusing my efforts on “hitting” big tech, while trying my best to “machine gun” commercial real estate stocks, via buying SRS.

Finally, it’s worth noting, good ol’ [[HANS]] spiked today. While I’m a big fan of their products, I do believe their recent price hikes (per case) is related to higher transportation and raw material costs. I could be wrong; but I’d avoid buying the stock above $40.

Comments »

Fly Buy: REW

I bought 4,000 [[REW]] @ $73.10.

Disclaimer: If you buy REW because of this post, your employer will go bankrupt. And, you may lose money.

Comments »

Fly Buy: DUG

I bought 1,000 [[DUG]] @ $42.71.

UPDATE: I bought 1,000 @ $42.21.

Disclaimer: If you buy DUG because of this post, your toilet bowl will explode. And, you may lose money.

Comments »

To Hell in a Hand Basket

Good luck buying stocks, “bottle fucker.” I have the utmost disdain for real estate, by the way. Specifically, I despise NYC real estate, since it never goes down. With that being said, I feel it is “worthwhile” to weigh into the REIT fuckers, via [[SRS]]—in a big way.

My “chart chomping fool guy” says: “there are significant breakdowns in many of the SRS components. Feel free to go ahead and sell it, rapidly.”

In addition, I am shorting [[RIMM]], despite being long, for a trade—down to $90. And, with [[FXP]] in the low 90’s, I’m fucking tempted to throw my trader/servant down a sewer pipe and buy that fucker.

Remember, buying FXP gets you short [[LFC]], [[CHL]], [[PTR]], [[CEO]], amongst others.

In short, feel free to get drunk/smoke crackpipe and sell short stocks, again.

Comments »

Fly Buy: SRS

I bought 3,000 [[SRS]] @ $116.

UPDATE: I bought 3,000 @ $113.11

Disclaimer: If you buy SRS because of this post, the next time you order Chinese takeout, vermin will be in your rice. And, you may lose money.

Comments »