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

Craving Beans

I’ve been “bean free” for exactly 4 days now and it is driving me crazy. I ceased all intake of caffeine, mainly because I felt a little wired. Typically, without exaggeration, I’d guzzle down 5 cups of coffee, with a few red bulls in between, just to break up the monotony. Plus anyway, I am not a slave to anything, not even a state of the art, beautifully crafted single server Keurig machine. In no way do I “crave beans,” despite what that stupid title says. Never pay attention to my titles, for they are written by small midgets, who hide in attics and are generally out to get me.

Anyway, I have not eaten out in 2 months, due to my desire to forgo food that is rubbed on the kitchen floor, prior to being grilled. Since I’ve been exclusively eating home cooking, I’ve lost a quick 10 pounds. Don’t get it twisted; I was never portly to begin with. However, let’s just say, I am a bit leaner now, thanks to avoiding the shit that is shoveled onto restaurant dinner plates.

With regards to this market, I am positioned heavy in the commodities, such as Flotek Industries, Inc. [[FTK]] , POSCO (ADR) [[PKX]] , Gammon Gold, Inc. [[GRS]] , United States Steel Corporation [[X]] , Nucor Corporation [[NUE]] , Petroleo Brasileiro SA (ADR) [[PBR]] , ATP Oil & Gas Corporation [[ATPG]] , SandRidge Energy Inc. [[SD]] and a small piece of Sociedad Quimica y Minera (ADR) [[SQM]] . My intentions are to reduce these positions, as the market recovers, then reposition into beaten down tech names. In addition, I am using The PPT‘s proprietary OVERBOUGHT/OVERSOLD indicators (still in beta mode) to buy distressed equities, like [[TAN]] . As of this morning, the indicators were flagging GlaxoSmithKline plc (ADR) [[GSK]] and [[DZK]] —amongst others— as OVERSOLD, fuckfaces.

Do not hate on “The Fly” because he is better than you. God made me this way. Perhaps you are an awesome polisher of shoes or designer of dog clothing. When it comes to this stock game, “The Fly” cannot be matched, especially by you internet crab-fuckers.

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27 comments

  1. TA

    This sentence is full of win – ‘Never pay attention to my titles, for they are written by small midgets, who hide in attics and are generally out to get me’

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  2. genghis-khan

    Fly, would it be fair to characterize you as slightly more than a momentum trader? I also noticed that when you’re losing you don’t blog much, but when you’re winning you start beating your chest like an ape 🙂

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    • The Fly

      I do pound my chest like an ape, but it has little to do with my winship. I blog when I have time. Often times when the market is down, people need hand holding and that takes up my time.

      I am a catalyst driven trader, with an emphasis on deciphering what the robots at Goldman are thinking, via The PPT.

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      • Mark Spiegel

        But most of your “catalysts” (many of which I think are quite perceptive) are long-term, while your trades are short-term.

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        • rd

          Treu. One Mr. Dykstra would be known to do that…ie, the investment thesis is “people in China are getting fat”…ergo, I will buy calls on YUM brands and scalp them for .10.

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  3. Mr. President

    In honor of the upcoming Presidents Day, I present to you (if you have not already seen it)…drunk history, volume 1.

    http://www.youtube.com/watch#playnext=1&playnext_from=TL&videos=d_I474zaXsg&v=6V_DsL1x1uY

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  4. The Fly

    IS THE DOLLAR DOWN? Oh my, I cannot believe me eyes.

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  5. Dr.

    I’m adding the first two paragraphs of this post to my mounting files of evidence that you are in fact clinically insane.

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  6. arch

    WTF i leave for an emergency call and you traitorous bastards run the market up without me…fuckers..its not often i get to be home…bring that back down so i can get in

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  7. JakeGint

    LOL.

    You are friggin’ J.D.-Salinger-level odd, man.

    I’m awaiting the the stories of you surrounding yourself with Kleenex boxes and growing your nails out, Howard Hughes-style.

    ___________

    PS — If you really were drinking Red Bull w. your cawfee, there’s your problem. It’s not the caffeine it’s the debilitating corn syrup.

    ___________

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  8. Alvari40

    Fly,

    Thx for the GSK pick – love the chart on that one right here.

    For those interested in nuclear pics: NLR, CCJ, CEG, D, GE, USU, EXC. Just added CEG to my USU and GE plays. CEG looks like it is under accumulation today, which is at the bottom of the channel on the daily chart.

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  9. Hoffy

    Would anyone touch AIG????????????????????

    How about GMCR

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  10. TraderCaddy

    Ad I bet your blood pressure has improved.

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  11. Sierra Investor

    If Fly would participate in the “Dan the Juicer” lifestyle, Mrs. Fly would be shocked at the change in Fly’s physique as well as a 20 pt bump in Fly’s IQ.

    http://www.youtube.com/watch?v=jw4iIY_xO94

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  12. mhass33

    CMI just broke out of serious ass resistance

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  13. MX2101

    Coffee is the only thrill I have left.

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  14. Apocalypse Now

    On DZK, does the ppt score work on triple leveraged etf’s (remembering SRS, would think that would have triggered oversold for 9 months)? I like Brazil – ABV looks good with a 3% dividend and good growth. Bought ABV, ATPG, and PBR.

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