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
23,453 Blog Posts

Fly Buys: RFMD, GMO, TWI

I bought 100,000 RFMD @ $2.50 and 10,000 GMO @ $1.74.

UPDATE: I bought 20,000 TWI @ $8.05ish.

So much for my “no more buying small caps” oath. I can’t help myself.

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51 comments

  1. Cash-N-Guns

    Cramer…Haaahaaaaa. says buy WFC here…not at 8, or 12 or 20..right here…what a fucking jerkoff

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  2. PPT Dude

    why bother with PPT if you are buying things have nothing to do with PPT

    in fact half the stuff if not more are things PPT rates sell

    Am I paying for PPT to just get the community feel aka social networking with Fly?

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  3. The Fly

    PPT Dude

    If you are not making money on PPT, cancel your subscription, for you are a pig headed idiot.

    I buy stocks, based on a number of factors, not just static buy/sell signals.

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  4. TheArtist

    Jim Cramer is the worlds biggest jerkoff……

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  5. The Fly

    BTW:

    I know you are not a subscriber, because

    RFMD: 3.59 (buy)
    TWi 3.54 (buy)

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  6. The Fly

    CUZ

    3.57 (buy)

    Just shut up.

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  7. Henry Fool

    Fly

    Could you kindly send me an email before you post a new blog? I always end up typing to myself. Not like anyone seem to pay attention to me anyway.

    Eeyore

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  8. TheArtist

    I do Henry….you-da-man

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  9. chanci

    LEA came up in one of Alphadawgg’s personally tweaked, but public screens in the PPT on 5/06 at .87 and it is now, last time I looked, at $3.41.

    Of course I, being a stupid idiot, did not buy. (regret, pain).

    Henry Fool, I pay attention to you. Not that anyone has any respect for me.

    Tigger

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  10. AU CONTRAIR

    FLY…did you get back into (SD)? A big move today.

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  11. Confused kid

    Can someone please explain to me why the Fly buys stocks that are rated SELL and even STRONG SELL by the PPT?!
    I’d even appreciate an explanation by his grand high poobah Fly himself if he’ll deign to acknowledge my plea, as long as he omits his usual obnoxious insults and simply explains his actions as any reasonable, non-insulting individual would.

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  12. TheArtist

    Let’s keep a sharp eye,

    they are announcing on Bloomberg, that housing values are predicted to drop another 7% to 12% this year, now if values drop another 7% to 12% from where they are now (already down 40% from mortgage loan origination amount from 2005-2007), does anyone here think that these lower values won’t directly be hit on the banks balance sheet that holds these mortgages?

    come on people.

    That puts the banks losses at 50% to 52%, that’s a massive hair cut, and like all companies, losses like these can’t be hidden and overlooked forever.

    I’m just saying.

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  13. Cash-N-Guns

    Artist – I am with you mate..steady the course..the short bus crowd always losses..original thinking is now penalized under Obama..just watch CNBC and your good…Loaded with TZA..and FAZ..

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  14. Jimmi Rogers

    WOW! Fly buys big on a Friday after prior move towards more cash. I bought SMH and am looking at TWS.

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  15. nobodyspecial

    Jim Cramer was talking about “Mutual Fund Monday” back in his hedgefund days, when big funds move in and start buying up the market at the beginning of the week. I’ve heard of Merger-Monday, but not this term.

    Is this true? Do you think we will see it again this Monday?

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  16. CAP

    “Confused kid Says:

    Can someone please explain to me why the Fly buys stocks that are rated SELL and even STRONG SELL by the PPT?!
    I’d even appreciate an explanation by his grand high poobah Fly himself if he’ll deign to acknowledge my plea, as long as he omits his usual obnoxious insults and simply explains his actions as any reasonable, non-insulting individual would.”

    Because the FLY controls the PPT ratings. Once he has bought all he can buy for the stocks rated STRONG SELL or SELL, PPT will magically upgrade it to BUY or STRONG BUY. Then PPT subscribers will get long and FLY will unload to them for massive profits. What, did you really think the FLY created the PPT to help out worthless peasants such as yourself ?

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  17. jingle

    anyone read the Grantham report over at Zerohedge? You should. He is of the mind that we could see 1000-1100 S&P before this run is over. Then he is more of the Cash-N-Guns type guy…
    It was interesting reading. Er, you guys can read right?

    ….just kidding. Hard to resist that.

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  18. The Fly

    CAP

    Serious Dude, don’t be fucking accusing me of shit like that you scumbag.

    90% of my buys are ranked buys by PPT. You fuckers need to go visit some other website and quit all of the jealousy comments, it’s not healthy.

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  19. Mushroomz

    Ray Allen fades back… Swisshhh

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  20. The Fly

    Au

    I sold 90% of my SD yest, holding the rest.

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  21. Jimmi Rogers

    A name from the past – Gail Dudack – she says the low has been made. See, the Fly has recognized the flow and he is going with it while you dumb fucks keep talking about the economy – the stock market and the economy are two different things, retards.

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  22. jingle

    fyi GMO is rated a sell. I bought at 1.49 and up. Technically, Fly is late to my party.

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  23. Twoez

    Fly and the gang are fucking killing it on the PPT.

    CAP, shouldn’t you be posting on some yahoo board?

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  24. The Fly

    You idiots are not traders or investors, but ideologues. Go run for public office and get off this Godly money blog.

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  25. Granpa

    What’s the 3X ETF for smoke and mirrors, I think they going up big time. Gobernmint contract is the word on the street.

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  26. Iwin - yes, from ppt

    Hold on a moment PPT Dude.
    Aside from the PPT screener.
    You can follow moves from FLY and some big traders almost real time, read about ideas ahead of the trade and a bottom call in march. I have people lining up to work for me free and you can follow these trades for a shitty $ 50,– ??

    What you want? A machine what pops out 100% accurate trades without you doing your home work? If you find it, let me know.

    “Am I paying for PPT to just get the community feel aka social networking with Fly?”

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  27. The Fly

    GMO is a sector rotation play.

    I am done explaining anything. As a matter of fact, I think I am done giving you ingrates stock picks.

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  28. TheArtist

    holy shit bags batman…. AXL +165% today

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  29. Mets57

    Its really just silly at this point for any iBC followers not to get on the PPT. On down days its fun, on up days its amazing – like getting head while smoking a blunt while playing Madden – and yes, everyone on the PPT is killing it on a number of trades.

    Or you heathens can continue to dwell here talkin smack and bathe in your own filth while sipping on your Steel Reserve 40 ozs at $.99 a pop

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  30. CAP

    Relax FLY I’m just messing with you. I know you wouldn’t do something like that and either way it wouldn’t make sense. PPT subscribers with their 5 and 6 figure accounts are not going to be able to push up the prices of stocks PPT upgrades to BUY or STRONG BUY either way unless you’re talking about penny stocks and you don’t touch those.

    Tim Sykes on the other hand is running a scam. Even though I don’t subscribe to his shit you know its a scam. Skyes looks like a scammer. He’s one of those people that has scam written all over his face. Tim Skyes the Scamtard.

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  31. jingle

    you guys really aren’t getting the PPT thing, are ya? There is so much information and ideas floating around there… that even a piker like me can make money and get ideas, screens, etc. (The thing pays for itself)

    oh, and a bonus: people are much nicer to one another and take responsibility for their own trades.

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  32. Cash-N-Guns

    Fly..end of week salutation on a great run. Well done mate.
    Cheers..have a great weekend..and dont let me fucking hear Green Shoots tomorrow on the golf course…carry on.

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  33. Greg

    To the haters and complaining posters:

    All things considered this is an excellent site for trading, and is part of a well balanced diet of Internet money sites.

    PPT is on my list of services that I will soon subscribe to.

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  34. gappingandyapping
    gappingandyapping

    FTK is just smoking now. UNG is on fucking fire. DXO is on fucking fire too.

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  35. The Fly

    CAP

    I scold you because you should know better than to feed the miscreants with ideas.

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  36. The Fly

    TWI is out of control.

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  37. insidetrader

    fly–it gets lonely at the top–have a great weekend.

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  38. cramer

    you suck cramer’s c*ck. he was saying depression is over and you morans were making fun of him. shut up, you are not sh*t compared to him.

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  39. chivasontherocks
    chivasontherocks

    shorted another 25k shrs of DIA at 85.70

    now short 75k DIA at 85.29

    still holding short 150k QQQQ at 34.98

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  40. vcutrader

    Ok I never post on IBC but I will defend the PPT. I’m up over triple digits YTD for the first time ever and most of the success is due to the PPT. You get tons of research and the screeners are based on real criteria. The trigger buy/sell screens are awesome as well for daily short/long trades, that I execute daily in one of my accounts. Plus there are some real pros on there. You can make money following IBC but you can make some serious money on the PPT. I dumped all of my IBD services for it.

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  41. to chivas

    thanks for the detailed info, it is usefull to see real numbers from others

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  42. Henry Fool

    Highest weekly YTD close on DVAX is $1.10

    Looks like we have a weekly breakout! sold a bit but staying long loads of DVAX, XOMA, FTK, NG

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  43. The Equalizer

    @iwin: Exactly.

    @Confused: I won’t presume to speak for The Fly, but my answer would be because the PPT, like all screening/rating systems, is a tool.

    There’s nothing wrong with using a tool as the basis of a trading system. Trading according to S&P’s STARS ratings on stocks, or Chuck Schwab’s A/B/C/D/F “Schwab Equity Rating”s, or even friggin’ Morningstar’s mutual fund ratings will, in all probability, produce better results than random chance.

    But that’s all it’ll do. Between a computer and Photoshop, I’ve got better tools than Michaelangelo could have dreamed of, but I still can’t produce the Sistine Chapel. I can barely photoshop the Flying Spaghetti monster into it.

    If I may be permitted to butcher the following Zen koan:

    A student came upon his Master carving wood with a screwdriver. “Master, when I first started carving, I used a screwdriver, for I could not afford a chisel. But now I have a chisel. Why are you using that screwdriver, when your toolbox also holds a chisel?”

    The Master turned to the student and said “Because my toolbox also holds this screwdriver.”

    Upon hearing this, the student was enlightened.

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  44. Jimmi Rogers

    Chivas, that makes it interesting.

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  45. Anton Cigur

    1) Henry – I bought a little SFLY around $9 after following up on your reco and doing my own research. Being a genius determined not to redux my ’08 performance, I put a very tight, rising stop under it and made a wee bit of cash. It’s now around $13. Doh!

    2) Have barely done anything with the PPT, but it’s already paid for itself. Just an outstanding screening tool. The extree involvement/tips/research reports from Fly and the tabbed bloggers is a bonus. Also, some very good contributions from some of the subscribers like Iwin, Hammy, mda and others who don’t always join in the retard reindeer games here. Don’t join if you’re not serious or if you post under the name of PPT Dood, ‘coz it’s kind of a douchebag-free zone. I think comps should be extended to regulars like Chivas and Cuervos because we could learn a lot from them, but it’s not my site and nobody asked me.

    3) Is everybody paying attention to the ridiculous winning streak of Alpha and Cajun? I think CA is tearing it up, too. This should be noted for future reference. Nobody on cnbs or the hated cramer-the-clown show is close to their batting averages, not that they keep track of such things or are concerned with credibility in those GE properties.

    4) Samuel L. Jackson voice: Tigger, please.

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  46. masterpain

    Yeah thanks fly….I made $10,000 in 90 min with TWI. PPT is paid for a LOOOONG TIME!!!! Here let me kiss your ass….here it is 10k worth smmmmmmuuuuuch just like on the old dating game

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  47. TheArtist

    FAS low was 2.32 when the market bottomed, FAZ now at 4.49, my goofy theory is the financials will turn when FAZ hits 2.32 the market will top, that’s where I will buy it.

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  48. bait bucket bitchez
    bait bucket bitchez

    I don’t have time to read the PPT, I’m too busy counting all my gosh darn money. I’m surprised “The Fly” would take time out from making all his bazillions of dollars to help people for a mere $10. I wipe my ass on $10, I wouldn’t think Fly would stoop so low, after all, he’s got more money than John Paulson, just ask him.

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  49. JF

    Mr Fly and the PPT.
    Fly put up a screen a couple of days ago on the ppt.
    I put it on my watch list and here are the actual results.
    abk +21.97%
    am +9.71%
    ara +9.75%
    arm -2.8%
    arun-1.26%
    cmed +2.22%
    cno +29.33%
    dht +2.82%
    dyn +36.78%
    fmcn +6.70%
    ftk +7.76%
    gmo+6.98%
    hw +9.28%
    kg -0.01%
    lsi -1.42%
    meg +3.74%
    mosy +4.58%
    pps +10.79%
    rfmd +8.03%
    snv+23.02%
    The list of winners goes on and on.
    If you cannot bank coin from this godly list please quit the markets.
    This screen was placed on my trading platform 2 days ago.
    No bs.
    PPT is well worth the price. Priceless.

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  50. Cristian

    >PPT Dude Says:
    >why bother with PPT if you are buying things have nothing >to do with PPT in fact half the stuff if not more are >things PPT rates sell

    I don’t have a PPT subscription (although I am thinking about it) but to the people that question why a stock could be on ‘Sell’ rating and the Fly would still buy it, I ask them: Do you understand anything about trading/investing & timeframes?

    If you don’t, then go learn about them.

    For instance, if a stock is in a downtrend on the Weekly or Daily, does that mean that I can not make money trading it’s 5min or 15min chart? No, it does not.

    Perhaps the PPT system is geared towards a bit longer time trading/investing and Fly is only interested in a shorter timeframe at the moment, given the market conditions and other factors, but I would not find any issue with the PPT ranking and what Fly does.

    Just like there are different trading strategies, all using different timeframes such as: Scalping, Momentum, Swing, etc, I would imagine that the PPT can not suit all styles of trading at the same time.

    Perhaps your question should be: How can I better understand the PPT system and how it can help ME and MY objectives – as opposed to questioning it in this silly way.

    –cristian

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  51. The Fly

    Thank You. Someone gets it.

    I call audibles all the time.

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