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
23,473 Blog Posts

(F)or (T)he (K)ill

You didn’t think I’d let today go by without chiding you little bastard trollops, did you? How many times did you ingrates mock me for owning FTK, my own bloggers included? You made schoolhouse nicknames, disparaging my position. You mocked my million dollar paper loss, as you bought your stupid girlfriend new boots. You declared: “Fly is getting FTK’d in FTK.” Har, har, har.

He who laughs last, laughs with the greatest sense of entitlement.

You Sir are NOT better than me. You Sir can only wish to win while losing. You just lose, all the time, because that’s what you do.

As the stock declined, over the past two years, I did my research and figured out what the numbers might look like, providing US rig count spiked. What I didn’t account for is big new business in Turkey and Saudi Arabia. This adds a whole new dimension to the possible upside of FTK. With a cost basis of $2.07, I am now up more than 25% on the position. Even more importantly, as said inside of The PPT, following my personal TZA drawback, I went “all in” on FTK, for personal aggressive accounts, in the $1.50 range. Needless to say, said accounts are at all time highs.

My managed accounts, for the day, are up 3.6%, near all time highs, or +40% year to date.

In summary: bet against “The Fly”  and lose your fucking house, wife, and kids— due to foreclosure proceedings.

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52 comments

  1. JuiceyFruit

    Congrats, Herr Fly.

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  2. chivo

    Fly is FTKing $FTK

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  3. Mr.Partridge

    Dr. Fly,
    Congrats!

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  4. TraderJoe

    Having been all-in on this trade for more than 18 months with a position size, as a percentage of assets, that would drop your jaws, I’m happy to report making more today than LAST YEAR. MY gratitude is not misplaced. Thank you Senor. F-I-G

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  5. Skynet

    Right on –

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  6. Freddy Fishsticks

    Rich people don’t blog

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  7. scott

    Let me say it again: Mazel Tov!

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  8. thewife

    I followed fly. Thank you fly and…
    Yay me!

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  9. Joe

    Great call!

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  10. BernieCornfeld

    I have been FTK’d and I rather like it…in a non-gay way of course 😉

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  11. Jimbo

    FTK- the little engine that could- GO FTK!!

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  12. A Monkey with a Jar of Moonshine
    A Monkey with a Jar of Moonshine

    FTK! patience paid off. need to learn me some of that.

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  13. go2mars

    FTK conference call summary best quote: “We will remain focussed but flexible, enthusiastic but measured, selfish but selfless.”

    He forgot to mention tall but short, cold but hot, and wet but dry.

    Despite the President of the company, there it is a compelling story here.

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    • go2mars

      Increased shale drilling in Germany, Poland, Hungary, Romania will need that equipment too.

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  14. Sam

    Wow. Congrats, senor. I felt this was in some way inevitable.

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  15. Jimbo

    was driving down the road near our home the other day and saw a tractor trailer running down the road marked Headwaters. Thats a company I had watched in the past. A little voice in my head said, ” that’s a sign to buy some HW. Damned if it wasn’t.

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  16. west

    I wonder what % of this website owns the company. My guess is combined, this site’s followers own 20%.. At least.

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  17. go2mars

    FTK surfactants are going to be a major growth area as oil price increases.

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  18. ecchymosis

    Thank you Mr Fly – my Flomax for life is paid for by Flotek!

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  19. Anthony Brown

    Congrats Le Fly!

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  20. pedro

    FIG!!!!!

    WOW. 100%-pure-columbian awesomeness.

    Fly, how detrimental would a warrant conversion be to the stock price, given that there’d be dillution? Further, does this not have $10 paint written all over it in the next 6-12 months?

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  21. David

    I sold my FTK position yesterday at a 44% gain – I feel like an idiot now.

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    • Alamin Kassam

      Too many people said it and I will say it too ; thanks Fly for FTK and other IBC stuff.

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  22. jimmie

    beautiful.

    i was wondering when the Fly was going to give em the ol fuck you very much speech

    :brisk golf clap:

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  23. MeToo

    Me too. I mortgaged the house and sold everything to buy at the yearly low of .96 and now I am so smart and rich just like Fly.

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  24. Landon Swan

    That’s some blackbelt action. Glad I listened to buy and to hold. Pappy 23 tonight. Fly you got any left?

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  25. muktukchuck

    http://ibankcoin.com/jakegint/2010/11/11/dispatches-from-the-road/#comment-19729

    Just a thanks to all the vets and all who serve so that we can play the goofy games we do in these here markets

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  26. The Fly

    Not to do politics again, represented by another controversial figure, but this is poetry to me:
    http://www.youtube.com/watch?v=VcpH6q-Mnzs

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  27. Abbie Hoffman

    To answer Michael Savage, we are in Afghanistan to help the war profiteers in the military capitalist complex. Karzi is our country’s main heroin supplier and Obama and the Bushes are profiting from the drug business. They need to protect their profits.

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    • Yabollox

      Hah! We are in Afghanistan because Obama said during the campaign that Iraq was a mistake, but bin Laden is in Afghanistan and our main effort should be to capture him. He was appeasing his leftist base by opposing Iraq war, while at the same time sounding tough and for military action in Afghanistan. So there you are, it’s all about putting together enough votes to get elected with whatever bullshit you think will carry the day.

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      • Abbie Hoffman

        That too Brother. We need to stick it to the man. Just remember: “Money for jobs and education, not for Afghan occupation”

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      • joe

        bunch of right wing morons!
        we are in afganistan so we can be close to pakistan in case it fell to the fundamental freaks and we can not afford to just stand by when these freaks get the code to the ‘nucular’ bombs! we have to be there as decided by forces larger than obama admin. we need to be there and we should be there. In the end, is there any country in the world that deserves to be evaporated from the earth as much as this cocsuckin country does? I cant think of one. Can you? And for them way out right leaning freaks, France is NOT the correct answer!
        GO FTK…Thank you FLY.
        Can you do the same for DPTR?

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        • Po Pimp

          We are in Afghanistan for one reason. Take a look at a map and observe what lies between Afghanistan and Iraq. The picture will be clear to you then.

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          • joe

            iran is just a sideshow. they are not a threat, never have been and never will be. neither is north korea. pakistan is by far the most unpredictable. sounds strange to say that nk is far more predictable than pakis, but it is

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  28. Yabollox

    Savage can weave an interesting tale.

    FTK shorts are in pain today.

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  29. Teahouse On The Tracks
    Teahouse On The Tracks

    Well played Plutonium Petey … well played!

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  30. Never wavered

    Thank you, Doctor.

    Thank you very much.

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  31. Xybo

    Vey, vey nice!

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  32. Prospectus

    The Fly ALWAYS wins

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  33. NSAID

    Congrats again! Seems like a huge day for many inside the PPT. Really nice day for me and I wasn’t even in FTK. Long live the PPT!

    @Fly – You think today can be declared a PPT holiday named …. FTK Cisco Day?

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  34. william wallace

    Conservative estimate: 2 million shares x .60 cents = 1.2 million. Not a bad week .. Congratulations

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