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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.

THE NASDAQ IS WELL ABOVE 10,000

Yeah, we’re down 140. But don’t forget where we came from in the big scheme of things. We could shed 1,000 points and still be in the mid 9,000s on the NASDAQ — an absolute FARCE of a joke. Clown world.

Markets edged lower and everyone is panicked, unsure what to do. I know what to do.

Eat sandwiches.

Sure, your shit stocks are down. But rest assured, they’ll likely come back — unless it’s over. If it’s over — that’s another story. Then you have to go short. But this is high level trading — not the shit you’re doing at Robinhood.

I, on the other hand, have both longs and shorts. I kicked out of SIFY this morning for +12% and BE for +6.7%. I do have some losers on the books, but I am being patient. As you know, if “The Fly” is anything at all — he is a man of extreme patience.

Copper is up, so maybe it’s not all that bad, eh?

China did shed 5% last night and our government really hate them now. But we have a COVID-19 vaccine in the works — a vaccine that no one will take unless MANDATED by govt. How will they force you? They’ll require it in schools and places of employment. GAME. SET. MATCH.

There’e nothing you can do. There’s nothing you could ever do.

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STOCKS ARE FOR COLLECTING FREE MONEY FROM RANDOM PEOPLE

Markets climbed another 200 and change. I don’t even pay attention to detail anymore — and just relegate myself to buying hot stocks towards the end of day for overnight rippers.

Life is a whore and it’s my job to fuck it.

Today’s fish.

SPWR +13.7%
(CEMI -8%)
FTFT – wash
CLNE- wash
MOS +4.6%

I still have some LEVERAGED ETFs and do not like them very much, but I also own a lot of shit — small capped shit that move on the caprices of nothing. No one knows exactly when this clown show will end, but it will. America is 100% finished. You can revisit these remarks in 5 years and somberly reflect upon them, as you lay bleeding on the ground — staring at the Statue of Liberty in flames.

I must go now. I appreciate your visitation of these halls and look forward to more fun times in the market tomorrow.

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NORMALIZED ECONOMY PLAYS ON FIRE TODAY BASED OFF VACCINE HYPE

DIN, NCLH, CCL, RCL and all of the normal economy stocks are flying today — airlines, eateries — the whole kit and caboodle. This, you should know, is 100% horseshit. States are locking the fuck down and nothing is getting back to normal…ever.

Put your fucking masks on — because the virus is coming and it’s going to destroy America.

Social discord, RACE RIOTS, subjugation of anyone without melanin — these are the narratives that are being woven now. But what is not being talked about is MASSIVE UNEMPLOYMENT, caused by the shut down. Profit margins for all consumer facing businesses are in the tank. Nothing, and I mean nothing, can save the economy from the wrath of cataclysmic profit declines.

While the country feeds from the tit of government, everything seems fine. We are DRAINING the nation and ravaging its balance sheet, and no one cares. As long as stocks trade up, all is fine. Eventually, the DOLLAR WILL COLLAPSE, and I am more sure of this now than ever before. Until then, we jog on and pretend into the foggy night and celebrate over borrowed bottles of Champagne and discuss the future amongst ourselves knowing that it’s all a lie.

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MARKETS RISE ON PROPOSED COVID-19 SUPER EXPERIMENTAL VACCINE THAT NO ONE WILL TAKE

What the fuck? MRNA said they’ve got a bullshit vaccine for COVID-19 now, which, by the way, is partly owned by the NIH. This shit is so experimental, the side effects so severe, you’d literally have to be retarded to take it.

Does the NIH think people will take their vaccine?

Better question is, will they make it mandatory for people?

Damn right they will.

The good times are essentially over. Now get ready for the COLLAPSE of the USA.

I was reading last night, some opinion piece in the LA Time — a proposal to rid this nation of the RACIST Star Spangled banner, God Bless America, and all of the other songs we sing to celebrate the nation. In its place, again from the LA Times, is John Lennon’s communist manifesto “Imagine” and of course LEAN ON ME.

Any questions?

The Nasdaq was +100, now it’s flat.

Back to trading.

Today’s closed trades.

SPWR +13.7%
(CEMI -8%)
FTFT – wash
CLNE- wash

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A REVERSAL OF FORTUNE

Markets were getting RANSACKED this morning and we closed up more than 550. Any fucking questions — you fucking faggots?

Let me explain my day.

See pal, there are two types of people in this world. There are those who run into houses and fire and get BURNED and others who run into houses on fire and walk out unscathed. I am that man — the latter.

I stepped in today long RIGL — it halted and quickly fucked me — barreling lower by more than 25%. I had a choice — get burned and meekly shrink from the challenge or rise up and DEPLOY THE MARTINGALE STRATEGEM to this trade.

As you could imagine, I chose the latter.

I stepped in at $3.55 and brought my cost down to $4.12 and then went to lunch. By the time I got back, I looked at my wrist-watch, opened my computer, the stock was over $4.3, so I sold it for a 5.6% profit — a 10% holding. I was not surprised that it had happened, only amused.

I closed out the day 45% cash, of the 55% — 15% short.

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Nasdaq Following Thru On the Downside; The Fly BOGGED

I’ve been trading like shit since yesterday, blowing trades and getting involved in bad ones. I had profits dissipate due to hubris and booked as losses today. Failed breakouts, reverses, and broke lower onto my fucking neck. NOT NICE, especially if the trends are about to change.

(GOGO -8.3%)
(WKHS -7.8%)
FIT +2%
(MVIS -9.4%)

Today’s

BNTX +8%
(SAVA -12.8%)
(NBY -13%)

I show you these losses to demonstrate that I am in fact human and fallible. I too, like you, do stupid things and get lost sometimes, partake in careless adventures that really piss me the fuck off. When I trade like this, I hate myself. Even my inverses are sucking wind, which reminds me — I need to close them out.

In spite of the NASDAQ diving lower, small caps and banks are strong. Odds are, we reverse higher and splurge again — cuz why not. But we should be going lower — much lower — amidst ruin and violence on your city streets.

I wish I had better insight into Clown World. Alas, I’m just a man trying to juggle bowling pins on slippery ice littered with banana peels.

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BULLS RAPED IN LATE DAY ROUT

It wasn’t supposed to end so abruptly. But then again, we were never supposed to live past March.

Markets tucked tail and got fucking RAPED late in the day after news that California was shutting the fuck down again due to COVID-19. I had a mixed day, with some losses taken towards the end of the session. I also had several stocks way up in the morning dissipate and give it all up later on during the afternoon session.

SPAQ +27.1%
TEDU +5.2%
OSMT +3.8%
(GOGO -8.3%)
(WKHS -7.8%)
FIT +2%
(MVIS -9.4%)

I closed out Monday 45% long, 10% short, 45% cash. I will likely liquidate my inverse ETFs during tomorrow morning dump out. I also have several COVID-19 related stocks that might buck the trend. Reality is never pleasant when your opinion is discarded and abused. Just because I wanted higher stock prices doesn’t mean I’d get it. My job now is to pay attention to the detail and adjust when needed. If we are rolling over, my job, your job, is to catch that wave. Being stubborn with position will only lead to misery and loss.

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Retail Investing is Back

You can tell the bears are having a bad day by just waking up. This has been the perfect storm for stocks set to trounce lower, yet here we are, incredulously. Say what you what about these “millennial faggots” (your words, not mine) — but they’ve rejuvenated investing for retail. Us GENX FAGGOTS were the ones who ruined it for everyone, with our HFT schemes and white shoe firm dick sucking.

Now that retail is back in the game, we have some god damned excitement here, not your ordinary 40 points per day Bernie Fuckoff market that bored everyone to sleep except Gen-Xers who made billions in their schemes.

Lo and behold, we have violence in the tape — stocks RIFLING the fuck higher post bankruptcy filing. Mergers spit upon and shares sent higher, irregardless (no a word via Websters). The nutcases who created the high frequency rackets are getting their dick cut off by Jimmy at Robinhood, trading on margin, leveraging out his account from $2k to $1.7m in an infinity leverage hack grown popular on Wall Street bets Reddit.

We’re in a different world now, a place where boomers are dying the fuck off, Gen Xers are the old beards, and millennial and ZOOMERS are recklessly trading this market akin to the dot come boom of 2000.

If you wanted to know what it was like, this is it.

I still have two hedges, the rest long, lots of cash. I’ll be adding to more positions by 3pm.

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This Morning’s Catch; Elon Musk is Rich Than Warren Buffett

TESLA us up another 13%, now worth over $330b. Elon Musk is now wealthier than Warren Buffett — because MUG ELECTRIC cars and Robinhood traders. How fucking crazy are we? I will tell you how crazy — MELTING THE FUCK UP forever is fun and easy to do.

BEAR IN MIND — this is all rigged. None of it is real. When the carousel stops — get off.

Here were today’s fish, my catch, so far.

SPAQ +27.1%
TEDU +5.2%
OSMT +3.8%

With the proceeds, I bought some insane stucks — some might work, others might not. Either way, I don’t give a shit.

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RECORD NEW COVID-19 CASES; DOW FUTS SPIKE

15,000 fresh COVID-19 cases in Florida. Two people are now sick with ailments that cannot be diagnosed at House Fly. RECORD amount of people have gotten the CORONAHOAX today, yet wearing the mask has become a political issue. In other words, if you wear the mask, you’re a fuckhead cuck. But if you do not wear the mask, you’re a reprobate cromagnon, and a racist. If you get COVID-19, you got the flu. If you die, you’re a crisis actor.

Are we caught up?

I do not hate the land America was built upon, only the people inside of it. Sure, most folks are good. But there are enough people who suck who make me want to leave. The only problem I have is getting my youngster onboard with a trip over to Dublin. Shit, I can’t even travel if I wanted to. I am more or less trapped in this hell hole, latter stages Empire America — FAILED social experiment built on diversity of people and opinions. How else should I describe it? The fucking melting pot melted down and now the contents are spilling out.

Moving on, futures are up nearly 200. Lots of FUCKERY taking place, but markets are ultra-docile. No violence in the tape, whatsoever.

Quit promotion: Stocklabs is still accepting beta trials. We have over 3,000 ready for the trial and it will be a task getting you all in and accepting all of your feedback before launch. However, I invite you to sign up for it here and view our updates on our Twitter page here.

I don’t have answers for you, as to the long term viability of this rally, which is why I trade. I am, however, more bullish on cryptos than ever before and would advise you to allocate some money there, in the big ones, every month, like a bill, for the next three years.

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