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

Space Alien Magician Asset Management

Pete Rose could hit the ball in between the arm pits of the second basemen for a base hit. Joe Montana could bounce a football off the helmet of the defending free safety, into the arms of his WR for a touchdown. “The Fly” can bank coin in the stock market, even if the stock market was reduced to some sort of open source gambling machine, run by big brokerage firm robots.

In order to make money in this market, similar to learning how to jump rooftop to rooftop in the Matrix, you have to clear your mind of all the tomfoolery and slap your assistant in the face with a ham sandwich.

At this point, “The Fly” isn’t looking or “monitoring” over his positions; he is simply “glossing” over them. I took a quick glance at them, about 5 minutes ago, and I am impressed. Gosh darn it I am good. For the love of defective brake pads, I am cleaning up.

At the moment, I still love the natty trade, long Flotek Industries, Inc. [[FTK]] , Hercules Offshore, Inc. [[HERO]] and GMX Resources Inc. [[GMXR]] . Moreover, within tech, my favorites are Starent Networks Corp. [[STAR]] , General Cable Corporation [[BGC]] , Sonus Networks, Inc. [[SONS]] , [[RAX]] and [[ENTR]] . My latest buy, Spartech Corporation [[SEH]] , looks great too. Despite being content, bullish like Ned Riley, at any moment, I may decide to raise cash and lock in sweet, delicious victory.

Stay tuned.

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35 comments

  1. The Zombie

    The Fly is God.

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  2. FancyTickler

    Hey Fly,

    I am very sad to see the lack of curse words in your blogs. I read your blog because you didn’t seem to give a fuck about anybody and your only purpose was to bank coin. Don’t turn into a suit. Tell those advertisers to fuck off.

    Get back to your roots fly. Don’t listen to “the man”.

    FancyTickler

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    • The Fly

      Heh? I curse all day long, when it comes to me. I don’t do it on purpose. Like, for example, right now, I feel like telling you to go fuck yourself, but I won’t.

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  3. Pete

    I agree with Fancy Tickler. I didnt notice it until he brought it up but you are not abusing us like you once did. It seems you are gaining…some sort of respect for us.

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  4. mrkcbill

    Lenny Dykstra could fly from L.A. to Philly in about 2 hours on his Lear Jet…all the while buying deep in the money calls. Odd No?

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  5. monkey man

    But why sell ever? there are no sellers of anything, just buyers. It’s official!

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  6. TheArtist

    airlines and metals….that is what I’ve been into for the past 2 months.

    anyone here jumping on the likes of HEB AVII KERX for a winter hold? they seem calm right now.

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  7. TA

    TIM is long HERO as well although I think he just bought today after the breakout

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    • j

      That’s a kiss a death in any language.

      Is he quietly going long now and in a few days morphs into the bull he’s been since March?

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  8. 308

    no doubt, good calls all around, and for quite a while now Fly ! I don’t read every post, are you out of refiners completely now?

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  9. TheArtist

    airlines and solar both getting a break out now.

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  10. The_Real_Hmmmm

    September has always been a historically strong natty month. That fact along with bouncing off of new lows and CFTC ETF handslapping, look to get into individual names as the ETF holders look to diversify. Nobody puts natty in the corner!!!

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  11. TheArtist

    gap up in HBAN at 12:10 and 12:25 from 4.08 to 4.21.

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  12. JakeGint

    Dear Space Alien Doug Henning:

    We are at the 61.8% retrace on the Russell. Time to start thinking about raising a little cash like you mentioned, if only for a brief period.

    I don’t think it will be an illooooooooooooosian.
    ________

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  13. JakeGint

    Also, NGAS going bazonkers.

    _____

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  14. The Fly

    FTK!!!!

    For
    The
    Kill

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    • Pedro

      When do we sell, master?

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      • punyandy

        Grow a pair.

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        • Yogi & Boo Boo

          Pedro –
          Like some wise fella once said. “If you need to ask, you shouldn’t be following” or “you’re following too closely” or some such saying.

          Like the man said grow a pair.

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      • ZenProfit

        Only Distinguished Gentlemen of the PPT will receive the FTK sell call.

        Join now or miss it.

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    • Polar Bear

      Greetings Fly,

      Dont you feel its getting a little too easy to make money in the market nowdays ? The shorts are even telling their grandchildren to turn into bulls at this point …

      -Polar Bear

      PS: Interesting piece of trivia – SONS and FTK have the same price tag.

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    • Alvari40

      Sick move. Yesterday – I gave in to my resolve to never play off of picks of others. I could no longer ignore the incessant FTK mantra coming out of the Fly Trap. Where do I send my check? It would only be right to sign up for PPT.

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    • JakeGint

      Popping the turtle head over the declining trend line from 11/05/08 @ $2.20. One more loooong term down trend line (starting froim the “Halloween Highs” of 2007) to go — this one will approach at about $4.15 or so.

      _______

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    • 4fl3x

      Haha, nice 😉

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  15. TOm

    what up with MVIS fly I still got 34000 shares at lost for now..

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  16. The Fly

    off to meetings for rest of day

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  17. Richy

    Big moves up in corn and wheat today, that will send MOS and POT skyward over the next few days for sure.

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  18. jhroac02

    great call on ftk, and yes thank you

    also is gold about to pop again. rev shark loves GG, i am also in

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