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
23,445 Blog Posts

GRETZKY HOUSE RALLY!!!

“The Fly” is triumphant. Let me say it once more: NEVER, and I mean NEVER, doubt my market hand again. You little shits come out of the woodworks, like small gremlins with toy pistols, whenever the market moves against me. I told you before, I will tell you again: “The Fly” wins all the time, even when he appears to be losing badly.

Let it be known, the glorious PPT has been printing fiat currency for its fortunate subscribers. People who listened, very quietly, to what Plutonium Petey— and his sidekick friends— had to say on iBC are now blessed with unearthly profits, almost as grande and prestigious as being an occupant inside of the famous, and distinguished, Gretzky House. Almost.

Over the course of this weekend, “The Fly” will spend time roaming his office, reminiscing over the weeks gains. In addition, he shall eat large quantities of mutton and guzzle down sweet ambrosia, housed in clay jugs.

My position is a winner. My gains today were “gicockulous”, spearheaded by massive NGAS purchases and a wildly successful PCX position.

CRE and the banks no longer lead the market. If you want to get in the market, and quit being a fucking loser, look to the commodity names for respite and oasis.

As for me, I shall continue to press the hot blade of death upon those who bet against me, with fierce virility. For those of you who followed my instructions, go eat a 2 1/2 inch thick rib eye—heavily salted, lightly peppered— in my honor. For the rest of you garbage eaters, fuck off.

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52 comments

  1. El Tiberon

    Long Live Gretz!!!

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  2. gappingandyapping
    gappingandyapping

    In fucking deed. I had a glorious day myself with massive gains in DXO, UNG, short HME and even FAZ was green.

    Special Note: I am going to be long large quantities of another less traded commodity soon, too illiquid to mention here until my position is established.

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  3. Mushroomz

    Indeud.

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  4. genghis-khan

    Fly-

    I would never question your stock-picking abilities or the gold-weaving nature of the PPT, but how come you buy just the penny stocks. I haven’t seen you post any buys of the Ag stocks (AGU, POT, MOS) or the copper plays (FCX, PCU). Why do you stick with the “under $5” names?

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  5. insidetrader

    pcx,dba,alu thanks guys have a great weekend.

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  6. RC

    Another glorious week in the house of The Fly.

    Nice work today.

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  7. Mushroomz

    FINAL BOSS: http://tinyurl.com/dde86h

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  8. Cash-N-Guns

    XTXI clear breakout of consolidation….

    FAZ up ..? WTF perhaps finally banks get a scud missile to the groin…

    TYP..ready to rally…TNA ready to get crushed by a herd of swine infested fat mexican women…

    Great weekend to all- Go Manny Paqiuo..!

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  9. genghis-khan

    Or how about the metals, MT, X, CENX, AA, RS, etc. Instead you’re buying lvlt and rfmd and odp, etc. Again, not questioning, just wondering, what’s the rationale?

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  10. RC

    “Why do you stick with the “under $5? names?”

    after the big decline, it’s like mining for gold. why make 10%, when you can make 20%

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  11. The Fly

    Khan

    Because I know there is a significant divergence between reality and fair value for such said names.

    I will swap out of them when I think they have topped.

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  12. The Fly

    I sold RFMD, ODP for monster gains. LVLT is a long term play.

    Look fucker, I can’t reexplain everything. Fucking read the site and quit asking questions.

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  13. Taco

    My sack scraped against the surface of the ground today. It is my sincerest hope that mis amigos also experienced such scraping.

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  14. Repetitive Zombie
    Repetitive Zombie

    Yeah, yeah….FIG and all that shit….

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  15. The Chart Addict

    or 30%.

    $1-3 stocks is where the money is.

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  16. anon

    Just like the Najarians you are always on the right side of the trade. lmfao

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  17. Goin'Fawr

    80’s pop band calls DOW for May,2009!

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  18. GonzoTrader

    Fly,

    Picked up some FTO today, off your NGAS post UNG looks good too, what do you make of the run in coal names today all based on JRCC or is this something we should take note of? Your thoughts…….

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  19. Goin'Fawr

    I meant, of course, “May 1st”. Not all of May, for the rest of the month it will eat hot lead.

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  20. Itchy & Scratchy
    Itchy & Scratchy

    “Like small gremlins with toy pistols.”

    Quite a picture. ROFL.

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  21. Cristian

    Fly,

    First post here.

    I followed you for a little while here and I am still amazed of how exactly you manage to pull rabits out of the hat with these awsome stock pics.

    I see a lot of people on the site asking ‘why this? why that? why not like that?’.

    So I tought I would just say a big “Thank You” for what you do.

    Regards,
    Cristian

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  22. Goin'Fawr

    RE:”I followed you for a little while here and I am still amazed of how exactly you manage to pull rabits out of the hat with these awsome stock pics” Crist, Fly’s strategy employs a little hocus-pocus, a dash of abracadabra, and a pinch of allakazaam. Put it together and what do you get? bibbity bobbity boo. Technical Translation: egregious coin, banked.
    Congratz on your lucrative week, Fly and followers. Mutton, like revenge, is a dish best-served cold. Preferably between two slices of pumpernickel.

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  23. wb

    PPT is God. ’twas a good day today.

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  24. Aristotle

    The Fly walks with a strong “pimp hand”!

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  25. The Equalizer

    “go eat a 2 1/2 inch thick rib eye”

    Consider it done medium-rare, but consider it done, good Sir, in thanks for a job well-done.

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  26. CavemanForecaster

    Well done Mr. Fly, well done. I have had a good week myself if I may say so myself…

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  27. Yogi & Boo Boo
    Yogi & Boo Boo

    No crummy pickinic baskets for Yogi & Boo Boo tonight. It’s 2 1/2″ ribeyes, vino fino, a beautiful Idaho potato baked to salty perfection, and some delicately steamed fine greens (probably spinach) with a dollop of the nation’s finest butter.

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  28. Tthe Fly is a cnbs shill
    Tthe Fly is a cnbs shill

    Sorry bro, gotta call it like I see it, fucking shill.

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  29. PPT ?

    Fly, I like your posts and trades, not so much for your other bloggers here on ibc. Are there other traders on this PPT posting trades and ideas real time?

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  30. omfgitsjd

    Fly getting a ticket, real time.
    http://www.youtube.com/watch?v=XsCuurneZVE&feature=related

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  31. bait bucket bitchez
    bait bucket bitchez

    I have to admit you made some good calls this week.

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  32. The Fly

    PPT

    Lots. All of the users leave comments in “User Notes” section where ideas are shared, in real time.

    Tthe Fly is a cnbs shill Says:

    That’s fine with me, as long as it’s not CNBC.

    Long live CNBS

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  33. MOOBS

    “gicockulous”

    “That’s a fun word!” said Mrs. MOOBS

    I am still riding BOOM like a money mule. Eggregiously [sic] long since 5.2!

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  34. mattyrye

    the man doesn’t lie. My accounts up 44% YTD as of close today, solely due to the ppt. And that includes the ass raping i took in the Inverse ETFs of doom.

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  35. wiglebot

    I am long on all I have since march 5th. Finally got that second comma back in my personal portfolio.
    I was not one the fuckers that got rich on the way down.

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  36. dave

    Graphic video of swine flu victims. It’s much worse than anyone is telling you.

    http://www.youtube.com/watch?v=9gLN3QoN-q8

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  37. Juice

    If you want a fundamental reason for the sub $5 plays being where the action is; Bill Fleckenstein had this to say this evening:

    ======================================
    If one wants to talk about a legitimate “green shoot” (the new favorite buzzword), I would point to the fact that yesterday, according to the Wall Street Journal, the CEO of Caterpillar noted that demand for excavators in China was at a record level. Again, that is just one nugget. But I continue to believe that the large economy most likely to recover first will be China.

    Riding China’s Coattails

    Which leads to one of my areas of interest, that being commodity-oriented businesses. Obviously I’ve been a fan of precious metals for reasons related to currency debasement, but lots of other companies will benefit from what transpires in China as well as from worldwide stimulus.

    If stagflation is the most probable outcome we are liable to see coming out of this period (sort of a replay of the 1970s, on steroids), I believe that small companies — which, by definition, are a little more nimble than large companies and that can grow more quickly — will be the biggest beneficiaries. If we are to experience an inflationary/stagflationary environment over the next several years, then companies that can grow rapidly, i.e., unit growers, will be sought after — and “small” may become beautiful.

    Conventional wisdom currently has it that as a result of the financial system’s collapse, bigger is better. But I think that bigger is slower, more inflexible, and therefore less capable of adapting to change. Thus, an area of interest for me is small companies that are uniquely positioned or are in businesses that have the wind at their back.

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  38. Blind Willie McTell
    Blind Willie McTell

    The Fly is on.

    Get over it. Quit trading until you find your own damn edge. Hint … it will not be using the standard indicators from your bullshit charting package or listening to financial entertainment t.v.

    You might as well go buy some hookers and put it all on “black” at the casino.

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  39. El Ditto

    The Fly is my edge, the Fly and the PPT. Financial TV? I laugh at you fuckers that watch it all day and then bitch about it. I never know what your talking about as I am busy paying attention to the Fly.
    NGAS on IBC.

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  40. j

    If this is true, this is really bullish for the banks because $10 billion for Citi- less $2.5 as a result of the brokerage sale- means the others many need less.

    WASHINGTON — Citigroup Inc. may need to raise as much as $10 billion in new capital, according to people familiar with the matter, as the government continues negotiations with banks over the results of its so-called stress tests.

    http://online.wsj.com/article/SB124118983425877399.html#mod=testMod

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  41. JakeGint

    Take a second to stop and smell the roses…

    The “Run for the Roses” that is…. On the Most Important Manner of the Kentucky Derby.

    _____________

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  42. Quiet Storm

    http://www.nbcphiladelphia.com/sports/baseball/phillies/NATL-Youre-Out-Lenny-Dykstra-.html

    “see that label, Bro?” hahah

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  43. dave

    From the WSJ:

    A massive natural-gas discovery here in northern Louisiana heralds a big shift in the nation’s energy landscape. After an era of declining production, the U.S. is now swimming in natural gas.

    Even conservative estimates suggest the Louisiana discovery — known as the Haynesville Shale, for the dense rock formation that contains the gas — could hold some 200 trillion cubic feet of natural gas. That’s the equivalent of 33 billion barrels of oil, or 18 years’ worth of current U.S. oil production. Some industry executives think the field could be several times that size.

    http://online.wsj.com/article/SB124104549891270585.html

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  44. Bman

    Learn more about what’s going on with the economy, from a dude who worked for the IMF and has a PhD in economics from MIT.

    The Quiet Coup (article)
    http://www.theatlantic.com/doc/200905/imf-advice

    Check out his two market scenarios for the US at the end of the article.

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  45. ZenProfit

    Bman:

    Karl Denninger has been blogging about this for the last 3 years. Thanks for the link.

    Clearly, based on Johnson’s scenario we’re screwed. Big time.

    http://market-ticker.denninger.net

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  46. omfgitsjd

    Zen,

    Over time, Congress repealed all of the “post depression” banking regulation. It’s no suprise that the crooks are shaking down the country. With the passage of the patriot act they have their own armed forces, make their own rules, and will do anything to protect their power. They will continue to loot the treasury, loan gazillions to the US government so that the US government can give it right back in bailouts, driving our children deeper in debt.

    It’s as easy as taking candy from children.

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  47. JakeGint

    In a form of symmetry, “Four Gifts” wins the brand new “Eight Belles Classic” (7th Race, Derby Day at Churchill).

    Nice naval honouring (sic) of Eight Belles in the intro, btw.

    ______

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  48. kunal

    anyone saying i stole this guys picks they are wrong the picks i suggest are all mine if anything he is copying mine. i post all my trades real time so the real culprit is this so called stock genius fly NOT!!!!!!!!!

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  49. hammy

    “Those who doubt me… suck cock by choice.”

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  50. The Fly

    You’re an idiot and a nobody. Who the fuck are you and why are speaking my name?

    Fuck off.

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  51. STOCKGUY22

    fuck you kunal your a punk and if you didnt copys fly picks how do you no his website i see your picks on twiiter and everytime you copy fly’s. hes right your a nobody!!! i hate fake people get a life you broke fucker!!!

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  52. Jscott

    fly, where ( if any place at all ) do you post your buys on the PPT? do you have one place that says current holdings?

    thanks

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