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
23,433 Blog Posts

Your Apologies Will Be Accepted

“The Fly” enjoyed gratuitous gains today, thanks in large part to his “calculator brain” and “magic market” hand. It must be of great annoyance to many of you, who are short, watching Senor Tropicana knock the sheep skin off the damn sheep, daily. You must feel a sense of betrayal, as Plutonium Petey discards his hunched backed ursine friends, who dress themselves in burlap shirts and velcro pants, in exchange for flowing white robes and leather sandals.

Most of the time, you will not understand the encrypted messages left on this blog, mainly due to your poor reading skills and inadequate cognitive abilities. However, every once in awhile, “The Fly” lowers himself, by way of the “idiot elevator,” to your mental pecking order, with grave messages of looming disaster for those who bet against him.

Dear Friends and Enemies alike, the days of you betting against me are over. All who have resisted, via large short sales, now find their bullshit brokerage accounts in an egregious “negative equity” position or worse (not really possible).

In closing, with gains of more than 6% today, I shall offer mercy to all of you who besmirch me, whether it be a third rate blogger or some sort of internet fucktard, leaving inane messages on this here piece of living literature.

All apologies will be accepted and reviewed in the comments section. That is all.

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64 comments

  1. gappingandyapping
    gappingandyapping

    You guys say what you want and do what you want I don’t care. I think its great you are coining money in the baby caps and congrats to you for doing it, I am making good money on them too, but you have to recognize what is going on in old man land. If you don’t you may get smacked in the face. You see you can’t have a housing recovery when you have a 10yr that is only 70 ticks off its 52week high. If this does not worry you even the slightest then you don’t know what your talking about http://finance.yahoo.com/q/bc?s=^TNX&t=6m&l=on&z=m&q=l&c= Now that chart may be scary but this is even worse. http://finance.yahoo.com/q/bc?s=%5ETNX&t=3m&l=on&z=m&q=l&c=UUP I don’t care to explain it, again just know its out there. Good luck!

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  2. Love the Fly

    I’d like to meet you one day Fly, I bet you are fun to hang with.

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  3. Pete

    I bet he is a great guy

    The Fly trades with a big ass account. Its much easier to say I made big gains today when you have so much more. I am not complaining. I am learning while taking his verbal abuse.

    I have a small 20k account and I cant just throw 50k into one stock and sell it when it goes up 25cents.

    I gotta be more selective with my picks and strategies.

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  4. gappingandyapping
    gappingandyapping

    By the way if you feel like you need a hedge on 10’s check out TYD or TYO, they both get you cracked out on 10’s as opposed to TBT or TLT which turn out 20’s.

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  5. Anton Cigur

    Best of luck with your white robes and leather pants, Magic Marker hands.

    Apologies for getting you the same thing for your birthday this year as last year.

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  6. wilmer

    I feel that this tirade was directed exclusively at chivas and it makes me feel uncomfortable for him. I think the two of you need to ditch the passive agressive back and forth and just have it out no holds barred winner takes all. At the end of June who between the two of you has the highest percentage gain for the month will be declared winner and the loser must admit the others superiority and move on.

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  7. The Fly

    Chivas can shine my shoe box. He is not ready to shine my shoes yet.

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  8. gappingandyapping
    gappingandyapping

    Fly when does the next report come out? Are you going to do them monthly? I just wanted to say that I appreciated the work everyone put in and found it informing. Thanks for posting it.

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  9. dr nick

    happy belated birthday

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  10. semiconman

    Fly and any other semi players out there…is ADI close to a short now? Sure didn’t want to go up with the market…

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  11. The Fly

    Chalk up another win for the good guys, who are sometimes murderous:

    Safeguard Sci to recognize an unrealized gain of ~$120 mln upon deconsolidation of its ownership in Clarient (1.00 +0.03)

    Co announces that it expects to recognize an unrealized gain in income from continuing operations of ~$120 million stemming from a deconsolidation of its holdings in Clarient (CLRT). The gain and corresponding increase in shareholders’ equity will be recognized in the current quarter ending June 30, 2009. The deconsolidation is the result of Clarient’s recently completed private placement with Oak Investment Partners. The private placement in Clarient reduced Safeguard’s ownership position to approximately 47% from approximately 50% at March 31, 2009. There is no cash flow impact from the deconsolidation.

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  12. Henry Fool

    CREE after hours mama mia. Too bad I only had a starter.

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  13. E8

    Nice pick Fly, and dividends to boot!

    My apologies for not being short … as you know, I changed my garb before you and my gains are at least as envious as yours if not more. Semper Fi!

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  14. Educated Idiot
    Educated Idiot

    Your Flyness,

    You have been right, your were right again today and you likley will be right in the future. But frankly, I don’t get it, why is anybody giddy about owning equity right now and where does sanity kick in?

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  15. 3B

    I guess all you gay chinese solar lovers cleaned up today. Congrats.

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  16. Jason

    SFE…wow. Nice call FLY. Bastard :).

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  17. chivasontherocks
    chivasontherocks

    as you know, i am still up on my shorts.

    i don’t know what the fuck is your problem lately, making comments without any provocation on my part. i suspect you’re going through your period, if so, please take the tampon out of your ass.

    as far as shining your shoes or box, no problem. will do as soon as you fucking blow me.

    i don’t worry about you, because i know you move fast. it’s getting close to you doing the shuffle.

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  18. The_Real_Hmmmm
    The_Real_Hmmmm

    Well, well, well. Look who is taking the LED. PUN INTENDED.
    I nailed that one to the fucking door.

    Cue Huey Lewis, you’ve been McFly’ed.

    CREE issues upside guidance for Q4 (Jun), sees EPS of $0.15-0.17, ex-items, vs $0.14 First Call consensus; sees Q4 revs of $143-150 mln vs. $139.43 mln consensus. (CREE) 27.77 +1.19 : Co issues upside guidance for Q4 (Jun), sees EPS of $0.15-0.17, excluding non-recurring items, vs. $0.14 First Call consensus; sees Q4 (Jun) revs of $143-150 mln vs. $139.43 mln consensus. The targeted revenue range is higher than previously announced primarily due to stronger LED component bookings for lighting-related applications, as well as higher LED chip bookings for notebook backlighting. Gross margin for the quarter is targeted to be at the higher end of previously targeted levels. Operating expenses are targeted to be approximately $46 mln. Co says, “We are pleased with the strong booking trends for Q4. We also remain optimistic about the growth potential for LED lighting in fiscal 2010, although there is some near term execution risk as we ramp up production to meet these higher targets.”

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  19. gappingandyapping
    gappingandyapping

    LOL ^^^^

    Anyone here like Patron Platinum?

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  20. carson

    when are they going to see the fly is no jack n the box:)

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  21. The Fly

    Chivas

    Others address you with kid gloves, for stupid reasons. I am here to remind you of your stupid ways and to teach you, even during your old age, lessons of “The Fly” via humbling market losses.

    If you are in search of soft hands and a pussified demeanor, you visit the wrong blog, good sir.

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  22. Fly must recalculate today’s gains for after hours. It appears that the Fly wins huge when it merely seems that he wins large. Mayor Bloomberg says more citizens like the Fly are needed for NY to balance its budget.

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  23. JakeGint

    The Fly trades with a big ass account. Its much easier to say I made big gains today when you have so much more. I am not complaining. I am learning while taking his verbal abuse.

    I have a small 20k account and I cant just throw 50k into one stock and sell it when it goes up 25cents.

    You should be in CD’s kid, until you get through “basic math.”

    “Up 6%” is “up 6%” whether it’s $20 million or $20 semolians.

    In fact, it’s actually easier to make 6% on an bullshit five figure account, because you don’t have to worry about liquidity in your positions.

    My man Fly has had to buy the entire float of FTK just to get that shit to turn around, for example.

    ________

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  24. JakeGint

    Fly, you diss “the Chivas” at your own considerable risk.

    More sass from you, and it’s more than likely he will show up at your French Windows, epee in hand, Zorro masque in place; and then proceed to slash your moustaches right from your face.

    Which is better than the “Z” tattoo that Chuck Bennet got, all things considered.

    ________

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  25. chivasontherocks
    chivasontherocks

    Fly,

    others address with respect because that is the way i address them.

    What stupid reasons?

    remind me of my stupid ways? what is this, the pot calling the kettle black?

    i don’t have market losses. you have a short or convenient memory.

    i do learn from people, including you. you on the other hand seem to know it all.

    again one more time, why don’t you man up and tell why the recent attacks. i don,t celebrate when the market goes my way, unlike you. i have not said anything to you. i hardly even post.

    no more posting for me kid. don’t worry, be happy.

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  26. 3B

    In fact, it’s actually easier to make 6% on an bullshit five figure account, because you don’t have to worry about liquidity in your positions…

    I love that. Nobody even notices 3B.

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  27. JakeGint

    By the way if you feel like you need a hedge on 10’s check out TYD or TYO, they both get you cracked out on 10’s as opposed to TBT or TLT which turn out 20’s.

    Sure Gaps… let me think on that a sec… 3 to 6,000 shares traded daily versus 6.3 million shares traded daily…

    Er…

    ______

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  28. Quiet Storm

    Hahaha, go home and get your shine box.

    http://www.youtube.com/watch?v=d7LERhz-s8k

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  29. Anton Cigur

    Well, hell, Chivas.

    Don’t go quitting the team just because Fly snapped a wet towel at you in the locker room. Some of us appreciate your posts.

    Even Senor Fuckface, I suspect.

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  30. The Fly

    Chivas

    You are very sensitive, like a small goat in the open cold air. I do not pick on you. I attack everyone who bets against me equally. In case you forgot, you have been opposite my market calls for more than a year, which makes you enemy of the state.

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  31. Taco

    Bullzhit. It’s always easier to make money when you have money. Big accounts make big gains because you don’t have to stick your neck way out there to make a load of $$ profit = substantially lower money management risk. With a smaller account, commissions are a bigger % of your trades, too.

    FLY needs to do some market analysis on his potential subscribers so he knows how to communicate with them most effectively. Besides, if the FLY were really doing so great, he wouldn’t NEED subscribers, would he? He wouldn’t need a blog. End of story.

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  32. The Fly

    Taco

    Incorrect. I am building a first rate financial site, which entails the ability to generate revenue.

    Go buy some faz in after hours.

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  33. Pete

    You should be in CD’s kid, until you get through “basic math.”

    “Up 6%” is “up 6%” whether it’s $20 million or $20 semolians.

    Sigh.. I proably wont go to a CD, but I will stop posting as much since I end up posting something stupid 40% of the time :/

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  34. The_Real_Hmmm

    Taco:

    It’s evident your research skills are on par with a street urchin. Scroll up and click the drop down box named “Monthly Archives” between “Categories” and “Blogroll.” Click on November 2007. Start there.

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  35. chivasontherocks
    chivasontherocks

    Mr. Fly,

    my bad. you’re right, but you made one mistake. not a small goat, but a small old goat.

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  36. JakeGint

    Taco sounds like some kind of whiny Marxist. Did you miss the first math lesson? A percentage move doesn’t care how big your account is. If you “take less risk” via money management then you cannot move your account the equivalent percentage.

    This is not difficult stuff. And don’t whine to me about trading costs, every piker in America has access to cheap shit trades, and if you can’t beat the behemoths with that, you are not taking proper advantage of your tinyness.

    ______________

    Fly, seriously, you of all people should know better than to antagonize the Latin Kings.

    And no, I’m not talking about “Taco.”

    ____________________________

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  37. JakeGint

    Sigh.. I proably wont go to a CD, but I will stop posting as much since I end up posting something stupid 40% of the time :/

    Not true, I was just being an asshole, which is what I’m like to almost everyone. Ask around.

    You can’t learn unless you ask questions, and truth be told, it’s highly unlikely you can ask a stupid one around here.

    _____________

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  38. sg

    This site has been very rewarding to me. I am not sure what is considered to be a big account but I have been on the right side of the game so far because of SOME(SENOR, RC, CA, IWIN, JAKE to name a few) of the posters on this site. period. Because of Chivas I am really very sensitive with my long positions now. Agreed Fly doesn’t subscribers. I need him.

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  39. gappingandyapping
    gappingandyapping

    IN FUCKING COMING! Dear Leader has fired off another dear missile. Prepare, this is going to get fucking buck wild soon! He is calling Obama a fucking pussy.

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  40. Pete

    Same here SG. This site and PPT has helped me in the last month. Ive learned so much about the markets.

    Until yesterday I didnt know what Semiconductor foundries were. Thanks to Fly explaining his portfolio thesis I went out and researched it.

    Fly has a way of explaining the markets that other fail to explain successfully. Hes a teacher in his sort of way for those that are trying to learn.

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  41. gappingandyapping
    gappingandyapping

    Jake: They are thin but still some crack is better than none 🙂 Besides how many $70 shares you need?

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  42. JakeGint

    Dear Leader has fired off another dear missile. Prepare, this is going to get fucking buck wild soon! He is calling Obama a fucking pussy.

    No worries, Barack is drafting an exceptionally strong letter of outrage as we speak.

    It shall go out in the first post!

    _______________

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  43. mrs buttons

    Buying two hundred shares of a stock that goes up 25 cents is a lot different than 15k shares – I think that was the point that poor kid was trying to make…a lof of folks are playing with a MUCH smaller pot this year versus last year and have had to modify or change their style of trading….the ones that have the same size pot as fly will follow his large pot trades – the other won’t be able to …after fees and taxes, it isn’t worth it..lol

    I am just curious..where does Alexa put IBC right now?

    Great work, and thinking here..very impressive..thank you henry, fly, and jake, and many others…cheers!

    mrs.buttons

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  44. GARR

    Nuclear missile tests are bullish for stocks. Car people rejoice!

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  45. The Fly

    We should test a few of our own over san fransicko

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  46. aggiealum

    Fly, are you going to ebay a chance to attend a luncheon with the Fly (Buffet style) in the future? I’d rather have 3in heavily salted, lightly peppered costco ribeyes than what the Oracle of Omaha serves at his luncheon anyways!

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  47. Awake

    Anyone seen Devildog around? He said he had some FAZ he’d sell me, “margin call cheap”

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  48. gappingandyapping
    gappingandyapping

    I truly believe that we will see a missile attack from DPRK before Dear Leader goes to the land of 19 hole in ones (1 more for good measure) and endless amounts of Chivas Regal and Dewars fountains and porno.

    Anyone going to the protests tonight?

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  49. Cash-N-Guns

    Reagan would have already blown this little bastard up

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  50. gappingandyapping
    gappingandyapping

    Oh I forgot to mention this earlier because I didn’t want to get into Fly’s argument with Chivas but on the comment of calling Chivas a “goat”, the word chivas in Spanish is often used to refer to a goat. Don’t know if that’s what you meant Fly but it does.

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  51. Bollocks O'blah blah
    Bollocks O'blah blah

    Ok….a few minutes to spare as Korean translator is out on a food run…
    Since I could possibly be addressing all 57 states here, uhhhh…
    How low do you guys think our Dollar will go?

    I mean uhhhh….never really gave it much thought before..you know….
    It’s up/down..(chuckle snort)…
    any ideas?…uhhh
    you know like uhhh Can’tcha giva brotha sum love…c’mon

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  52. jg

    scrotum.

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  53. Cuervos Laugh

    Uh gappy…

    http://www.merriam-webster.com/spanish/chivas:
    Main Entry:
    chivas
    Function:
    feminine plural noun
    Language:
    Spanish

    Mexico, familiar : stuff, odds and ends

    Now apparently it means the same as la cabra due to it’s relation to football (soccer to you Americans)
    http://www.freebase.com/view/en/cd_chivas_usa but, I’ve only heard la cabra used for goat.

    But I’m not familiar with Spanglish or idiomatic Mexican.

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  54. gappingandyapping
    gappingandyapping

    Cuervos: Its not proper, kind of like vato. Not used in all areas either, I have mainly heard it used in central Mexico. You are correct however the proper word is cabra. Y si muchos futbol usar el nombre.

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  55. MOOBER

    Why’s everyone so sensitive today?

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  56. mrkcbill

    Moober…Senor Tropicana is dropping 18 lb bowling balls on all the new readers. Dude is banking irrational coin…. its always good for the sensitive to come out.

    Somebody else started the whole Fly v. Chivas thing. Rule #1 you gotta let Fly be Fly. Driving into the Sun in a diamond encrusted time machine strapped in dynamite.

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  57. Henry Fool

    Not me MOOBER. I’m cool as a cucumber.

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  58. omfgitsjd

    I don’t feel sensitive today. Nor do I feel apologetic. I feel empty and callous like my soul has been sucked out by a carnival of media hobgoblins and ass clowns. On the bright side, my heavier weighting in the utility sector is continuing it’s steady strength in a methodical upward fashion.

    Since love is never having to say you are sorry, I won’t worry about it.

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  59. Maelstrom

    MOOBER.. how did you make out re. BOOM.. Picked up AA, HOTT ,and GTI held first two over sold GTI..Gonna be either a strong open or a pull back and attempted push through 920’s..Figured a pull back first but ???

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  60. Anton Cigur

    “We should test a few of our own over san fransicko”

    In the words of your favorite president,

    “Bring it on.”

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  61. AAAAAAPL

    things could go well again for AAPL tomorrow:

    9:15 pm Apple Inc Plans to release 3 new models of the iPhone in China on June 9 – Economic Daily News.

    TTN

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  62. MOOBER

    Maelstrom: dude, made out huge in BOOM. Still rocking it actually. Started buying around 11, then 9, then paused while it dropped to 4.9s. I gambled big and moved a very large amount in at 5.2 which I held. Sold some, bought some. Still holding a large position, which, in hindsight, I should have smoked out at 20 and bought back. I am at all time highs in my accounts. Feeling thankful.

    A break above 20 in BOOM and its off to the races.

    You can follow me at the link above.

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  63. JakeGint

    By all means have fun, and throw some coin at these high beta picks as the sun shines… just remember that at this point in the cycle, it’s not much more than hangin’ with the Carnies, so remain vigilant!

    _______________

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  64. Cuervos Laugh

    Que buena, la sorpresa que usted habla gappy.

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