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
23,434 Blog Posts

The Stocks Gods Bestow Holiday Bounty

As you could imagine, Le Fly is quite busy this morning, running around his residence, like a headless chicken, all thanks and praise to Mrs. Fly for that. After eating several egg whites, accompanied by two slices of toast (lightly buttered), I took a gander (just a gander) at my stock positions. Much to my delight, I see the stock Gods have made an offering to me, in the form of higher Flotek Industries, Inc. [[FTK]] stock price.

Let it be known to all of you, my losses in FTK are severe and meaningful (north of $1 million). Nonetheless, I am reminded of an old tale, once told my some random motherfucker on Wall Street, who said “last year’s affliction may become next year’s orgy.”

Finer words have never been spoken, at least not in North America.

When discussing the important matter of short squeezes, FTK can be a name worth looking at, taking into consideration its 25% short position. If they could get their financing concerns behind them, well then, you might see a terrific run.

Separately, I still enjoy looking at Sears Holdings Corporation [[SHLD]] , Green Mountain Coffee Roasters Inc. [[GMCR]] and Ctrip.com International, Ltd. (ADR) [[CTRP]] , even at these levels. And, if Santa Claus is real, he will send the shares of Flowserve Corporation [[FLS]] over $100, so that I may enjoy, yet another, “hundred dollar roll.”

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26 comments

  1. masterpain

    Merry Chrismas FTK holders. You are a rare breed .

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  2. The Fly

    Have a FTK’d up Xmas.

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    • Comic Book

      All it takes are a few coked up traders to send a degenerate non money making penny stock surge sometimes, without any rationale whatsoever except the powder. PREPARE FOR LIFTOFF!

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  3. crackberry

    I await the iPhone app! Would be a nice Christmas/New Years gift 😉

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  4. TA

    FTK up 33% now – short squeeze from hell!

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    • The Fly

      It’s a FTK’s up short squeeze.

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      • chanci

        Shoot! Dang!

        I knew I shouldn’t have sold! Just FTK’n shoot me now.

        Water under the bridge for me, but good for you and everyone else that didn’t sell. 🙂

        My wins are balancing out my losses, though. Next year will be my third year of trading and I just hope I have learned something from these past two years. Buy low, sell high. I think that’s the ticket. LOL

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        • chanci

          And the other lesson would be to never bet against the Fly!

          To the moon, Alice!

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    • masterpain

      I should of never posted my .80 cover price. On my massive FTK short.

      I smell a rat

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  5. sandfleas

    Merry Christmas to You and Yours, Fly.
    You said back in mid-November that GMCR
    would be a lot higher by Christmas,
    and you were right!

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  6. The V.King

    Special Holiday Offer for All The V.King Readers/Bloggers…Subscribe before 2010 and get 2 months free….
    If you like stocks like ACLS up 30% in a week, IOC trades, BML.H and STEC you will love what BUY’s and Sells the Premium members are trading ….Contact iBC before it’s too late.

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  7. Purdy

    Here’s a better image for your ‘Gods bestowing’ posts:
    http://en.wikipedia.org/wiki/File:God2-Sistine_Chapel.png

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  8. ZenProfit

    According to this guy:

    http://www.fairmark.com/capgain/lastday.htm

    I have until 12/31 to pull the trigger on my $6500 loss on FTK and will wait until the last minute.

    Thank you Fly for a great year. You are truly the best trading pro offering a (free) look over your shoulder.

    Day #1 PPT Distinguished Gentleman

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  9. Fook

    Special Holiday Offer: V.King will massage your balls whilst stroking the entire length of your shaft! Act now!

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  10. Largebill

    I continued to hold. My only regret is I didn’t add to my position when it hit bottom. I just couldn’t as it was already close to 25% of my holdings. Can’t have that much in any one stock. This makes for a happier Christmas.

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