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
23,441 Blog Posts

Fly Buy: ACAS

I bought 10,000 American Capital Ltd. [[ACAS]] @ $3.03.

Disclaimer
: If you buy ACAS because of this post, you will day-trade yourself into oblivion. And, you will lose money.

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39 comments

  1. jg

    fig

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  2. Pete

    fig

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  3. fuckyouit'smyprivacy

    (RTK)…..you have been warned and given a gift

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  4. The Fly

    off for a mid-day walk

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    • TheArtist

      in your white robe and sandals wearing your gold crown that reads “I Am King” on it I would assume…while sipping on 18 year Macallan?

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  5. Vote for Pedro

    full disclosure: I like this ACAS quite a bit Le Fly. I bought when you first mentioned it on Friday at $3.06 and doubled down earlier today at 2.94. I love trading companies who are fully insolvent.

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  6. The Fly

    SOLD sd @ $11.61

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  7. Vote for Pedro

    ACAS is a thing of beauty. Let’s get it over 3.10 and watch what it can really do.

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  8. Vote for Pedro

    lots of room to run on ACAS. Thanks for that awesome call.

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  9. Cash-N-Guns

    MAC-SPG-SLG..reversing down hard…SRS time again…

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  10. punyandy

    Presumably the selling pressure on ACAS this morning was a significant dividend paid in stock. I suspect there were plenty of folks who flipped the extras. Stock held up very well, and has turned green indeed.

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  11. Pedro

    Fly,

    Do you have a sell point for FTK?

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  12. Ardvark Ratnick the 3rd
    Ardvark Ratnick the 3rd

    Any comments from the distinguished panel on the possibility of a “bank holiday” in September?
    I live in Canada and some of my American freinds are coming up here to open Canadian bank accounts in US$ to escape the expected panic in the USA coming IF there is a bank holiday.

    Thanks,

    Ardvark Ratnick the 3rd

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  13. Vote for Pedro

    yes there will be a bank holiday in September. It will be on September 7, 2009 to be exact.

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  14. Vote for Pedro

    Proof once again, that Fly is God. ACAS running like mad.

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  15. The Fly

    Let the games begin (I am referring to nothing in particular).

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  16. Bubo verginanus

    Hi,

    I am pretty new to this shit so please take it easy… I know you all pros here… Some one can point me to where should I start with. Maybe Le Fly has some books written on this subject.. I know this site is great, especially the Master. But I want to know what are the criteria for picking a specific stock. I remember the Fly mentioned: Tell me where the money goes… Any ideas?

    Thanks

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    • TraderCaddy

      I believe Fly wrote a book with the title Reminiscence Of A Stock Operator.
      It’s a classic and about a guy named Jesse Livermore who is really the Fly.
      You can find it in the library by title or Fly’s real name Edward Lefevre (now you know why he is a/k/a Le Fly).

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    • TheArtist

      all the money goes into Le Fly’s bank account. just so you know, if you loose money in the market on any stock, it is because Fly took it from you.

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    • dumb money

      Just follow Monsieur Fly. That would be a great start. When you know nothing it is wise to follow those who know what they are doing

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  17. GovtBonds

    Obama has a new thing spy on your neighbor.,. We all know what he thinks of Wall Street, I did not think the President would ever attack our beloved Fly…

    http://www.youtube.com/watch?v=FJ2H1K_0FXw

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  18. The Fly

    i am back from my afternoon siesta. Let there be blood (not pointing to any particular occasion).

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  19. The Fly

    ATTENTION: If you are new to this site and are OVER the age of 47.5, please leave at once—for you are not welcomed.

    Thank you.

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  20. Bubo verginanus

    Hi Fly,

    Why 47.5? And I am not that old…

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  21. GovtBonds

    http://www.youtube.com/watch?v=dj4Pmr3JM1I

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  22. dubz

    Where does it say this shit about 47.5? It seems like something all must read.

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    • TraderCaddy

      Especially by the senior citizens.
      Medicare or Obama Healthcare should give a laptop to all seniors and deposit $$ into a trading account for the old folks to trade.
      It shall be mandated that the Home Page for each laptop shall be iBC

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  23. T MOE

    I am loving my short on WYNN that I initiated on Friday. I posted it for all to see and follow.
    I am not closing it yet. Not quite yet

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  24. TheArtist

    on the building front….weird and hard to tell around here, just went for a drive around town, saw some brand new commercial construction projects started, new footings put in, some other places had new commercial buildings that were framing up and some other new construction sites that were in the final fazes of finishing touches.

    I also see some new “for lease” signs up where businesses used to be but also some “opening soon” signs up elsewhere.

    also just went to see the new Cannondale Liquigas team issue carbon road bike and the bike shop said business was so booming on higher end mountain bikes and road bikes that they hardly had any inventory (as I commented on where all the bikes were) they usually have about 25 to 30 full suspension mountains in and today they had only 6 (these are 2,500.00 to 5,000.00 dollar range models) so business is good for some (although it could be ex- laid off bankers trading in the BMW for a bicycle and just can’t be seen on anything less than a Specialized Epic Carbon….ha ha ha)

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  25. Trader

    Who is this TIM that le Fly keeps refering to?

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