iBankCoin
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.
Joined Nov 10, 2007
20,692 Blog Posts

Fly Wins Again

Gaming VMI was easy. It was like taking clean away from a homeless man.

Typically, small fish (you) get scared when their stocks drop off the face of earth. Luckily, “The Fly” is not a piker and does not get scared out of positions, like a little bitch.

When VMI was tanking, the first thing I did was monitor its competitors, specifically LNN. The key tell, for me, was seeing LNN hold its butter, in the face of market “homo-hammering.” Additionally, DE, MOS, POT and other ag plays kept their gains.

From that, I deduced, the decline was not based upon fundamentals, but supply/demand. Meaning: some stupid hedge fund was blowing out, at any price, in order to raise cash.

In other words, an optimal buying opportunity.

After seeing the future, “The Fly” knew he had to buy as much VMI, “before it was too late.” As you know, VMI is now “The Fly’s” largest position—and it’s on fucking fire.

In other words, “Fly wins again.”

Aside from that, the market is positioned to eclipse 14,000, by year end, regardless of what Woodshedder says.

Call me a stupid bull. Fuck you, I’m banking coin.

With my money, I want to own CN, RS and ACF—for a trade.

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39 comments

  1. mdawsz

    Well done with VMI.

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  2. alphadawgg

    Great call on VMI, stupid bull.

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  3. Dinosaur Trader

    Good stuff Fly, thanks.

    -DT

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  4. The Fly

    Click on that commy Russian on the side and vote for “The Fly.”

    Failure to do so may result in “The Fly” performing a bathroom plumbing project in your house.

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  5. ?

    Luckily, “The Fly” is not a piker and does not get scared out of positions, like a little bitch.

    I sure saw you jump ship when NTRI tanked. Also, MCHX and ARWR. Someone scared wouldnt do that.

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  6. Woodshedder

    Hey fucker, good call, VMI.

    As for DJI @ 14,000:

    If you read my last market analysis, I couldn’t find much of anything to be bearish about (technically speaking). All the indexes are above their major moving averages. I don’t see much left in the way of any resistance. Volume has sucked, but, volume sucked in August, and we all know where that led.

    In fact, I’m considering some longs here, but I will not enter until I see what happens with the Fed.

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  7. The Fly

    Listen up son:

    Sold NTRI 31-37.

    Sold MCHX 13
    Sold ARWR 5.50

    Fly wins again, even in the comments section.

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  8. The Fly

    BTW:

    I sold all of the above because the fundamentals had changed.

    You people really are stupid.

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  9. Mr. LIMM

    Typically, small fish (you) get scared when their stocks drop off the face of earth. Luckily, “The Fly” is not a piker and does not get scared out of positions, like a little bitch.

    This post tells one story, the Calvin Klein jockeys… another.

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  10. CubsRock

    WM @ $18.50 looks good.

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  11. brian

    ya guys if a stocks down because the fundes or story is dead sell the fucker….buy something better like vmi itook a beating on that ntri it looked good to but fuck it momentem man

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  12. alphadawgg

    Fly,
    I voted your blog the best “foreign language blog” due to Mr. LIMM’s commentary.

    (However, I agree that all the substituting the ‘l’s and ‘r’s is getting old. Maybe Jake, er,.. Mr. LIMM can start doing something with Sanskrit.)

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  13. Chuck Bennet

    Lets see if you win on MVIS you fag.

    Can not somebody call the company and ask the questions that are needed to be ask? Do I have to do everything for you girls?

    Regards

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  14. Harry Beauregard

    do it then, pussy

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  15. Chuck Bennet's Mom
    Chuck Bennet's Mom

    Make sure you pull your foreskin back tonight lil Chuckie and give it a good wash tonight…Sorry mommy can’t be there for you.

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  16. Mr. APOO

    Vhut is a “pussee” please?

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  17. Mr. APOO

    Lest I huhd, one kennot wote in a common-nist soc-i-ety.

    Please to eggsplain, Mistah Fly?

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  18. Mr. APOO

    Vutt is vit dah “Diggs,” please?

    Ahh vee fans uv dah vimen’s wolleyball?

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  19. Cletus

    What in THEE fuk?

    Get back behind mah 7-11 coun’er, Apoo!

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  20. gappingandyapping

    Thanks flee. I am long vmi as I said last week from 79. How much more can it go? 120?

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  21. mdawsz

    Woodshedder said: “In fact, I’m considering some longs here, but I will not enter until I see what happens with the Fed.”

    Dear God, say it isn’t so. Wood, I will bankroll you to keep bearish.

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  22. alphadawgg

    Mr. APOO = Mr. LIMM = Jake.

    It’s getting pretty obvious, Jakey.

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  23. Chuck Bennet

    Mom?
    You know I’m half kike. What are you talking about?
    I dont think it is really you.

    Regards

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  24. BreakingOut17

    Fly, analysts have VMI earning $4.19 in 08 and $5.00 in 09. My guess is they blow out that $5.00 figure if any of their other divisions do anything. What kind of a multiple are you putting on VMI? 25x earnings?

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  25. Alvari40

    Buy a few shares of Berkshire Hathaway if you want to stay long the market but protected by sound fundamentals (and technicals). Look at the stretch from October to November when the market was puking up everywhere. A lot of money was parked in Berk due to the desire to stay long but get out of the risky shit. Used to be that it was a conservative play; however, I just banked coin on a 20% run and still hold 2/3rds position. I bring this up to offer all a place to get some gains during the turbulent times, and I do have a strong sense that we will be seeing a “shit the shower” scene soon. I hope I am wrong, but the monthly charts of the Dow reveal a very pronounced sell divergence. Given that, and given my desire to stay long, I am looking to BRK-B (as well as AAPL and APA) to keep me long (as well as Viagra). Take a look at BRK-B, it ain’t your daddy’s Berkshire.

    Would like to hear from Fly on this one.

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  26. Tim

    ASYS to 20 by friday

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  27. Woodshedder

    Mdawsz- you know I love ya, so, if I tell you to fuck off, you’ll understand. I’m tired of being your contrary indicator. Let’s see what happens tomorrow.

    Alvari, I’ve meant to buy some BRK-B a dozen times and never pulled the trigger, only to see it go higher.

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  28. DanB

    Fly, can you kick this old man down a staircase for me? If he survives it, an say a broken limb twitches and he springs back to life with evil red eyes, and he looks back up at you from the bottom of that staircase, run. Then go short.

    http://www.marketwatch.com/news/story/paul-b-farrell-13-reasons/story.aspx?guid=%7B9CE18A60%2DC0CF%2D4CB4%2DA38B%2D6AFFE1D6E37E%7D&dist=hplatest

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  29. Frosty

    WOOD…bull pumpers galore…oh my, stomp stomp little spikes…the sound of weak handed pikers is thick like the FLY’s party cut of cheap stake…where were they when the baby bears were running from the salmon just a few days ago?

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  30. Cletus

    Frosty, what in THEE fuck are you gawpin’ about, son?

    Take the fuckin’ marbles outcher mouth and speak some gawdamm ‘Murican, wouldja?

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  31. gappingandyapping

    Crudebroker or other energy people: Why is there such a divergence in the UNG etf versus the commodity itself on a historical basis? Are they trading UNG on the longer contracts or what? Seems like Natty is higher than where it was back when UNG was at these levels a few months ago. Thoughts? By the way I am slowly nibbling here at UNG.

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  32. sdufour

    lol fly, your VMI gains, as well as others just highlight how futile and meaningless your 155 IQ is…a handful of patience is worth a bushel of brains…What I found most entertaining while watching fly loose hundreds of thousands of $$$ each day was the irony of why he was loosing money. Within the current context of the current subprime meltdown – people with even bigger egos than fly were doing exactly what fly does – throwing every ethical value out the door for money, worshiping it, obsessing about it, relishing in the delusion that they are somehow above the common person – without consideration of the consequences. Well, now it has come time to reckon, and the oh so smart people now loose their ass – perfect. Whats even funnier, these right wing republicans, now beg for a bail-out, which violates their regular “free markets” mantra – (and btw, I am certainly no lefty or dem). Hypocrites – all of you.

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  33. gappingandyapping

    SD4: I take it your losing your ass this year? Otherwise your cum guzzling jizz trap ass would not be on here trying to feel better about yourself by talking about others. Listen ass plunger, your a fuckup, plain and simple and no matter how much you talk about others I will still have rocks in my front yard smarter than you. Go guzzle a pole fuckface before I get my crescent wrench and re-arrange your balls into a vice cum monkey.

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  34. sdufour

    lol, I am up 22.5% this year, simply by selling high and buying low…

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  35. sdufour

    nice language btw…

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  36. sdufour

    someone like fly, and a large part of the people who operate wallstreet, would sell you the noose to hang them with – as long as they could turn a profit on the sale. People like them aren’t smart enough to develop their own ideas, that is why they invest in others ideas and others companies…not that this is a bad thing, infact, it is necessary, it should be pointed out however.

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  37. nncoco

    VMI was an easy call for you. I had confidence in it enough to buy although I was a bit early. If I had more cash I would have loaded up when it dipped like you did. That is a good stock.

    Still holding LNN with a more then 50% gain. Milk the farmer!

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  38. JakeGint

    While you, SduFour, on the other hand, are not “smart enough” to construct a simple sentence in English.

    And you spell “lose” as incorrectly as the most dimwitted of Yahoo! message board fist fillers.

    The mark of a “loser.”

    What say ye?

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