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
23,445 Blog Posts

SPECULATION IS RUNNING RAMPANT

Let me be clear to all the folks out there playing the FRO, looking to exit on a quick “black power” move to the upside. I couldn’t care less if the stock closed at $3 or $2 today. “The Fly” is in the name for the big turn, which will take a long time. By my accounting (unaudited of course), the company can withstand market conditions, without going back to the market for financing, until 2015. With that in mind, there is ample room for speculators to place bets on the shares turning around from now until then.

If they’re successful in purchasing new fuel efficient ships and day rates pick up, the stock is heading for $10+. Therefore, a person, such as myself, doesn’t amuse himself with the frivolities of a one day spike, burgeoned on by nameless speculators– who are only interested in quick–whore like–profits, promulgated by their proclivity for illegal substances and extra-marital affairs!

“No thank you,” said the gentleman in the top hat, as he declined the services of a great whore, closing the backseat door of his limousine, destined for the theatre.

If you enjoy the content at iBankCoin, please follow us on Twitter

14 comments

  1. pushaT

    No reason the whore can’t already be in the limo. “Discretion …” as the saying goes…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. The Fly

    Indeud

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. rizzo

    A comment on EXM Fly?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. 200day

    too many divergences with todays tape, not to mention the data. I’d be nervous right here…. if I had nerves.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. charlie

    Fly – You once said higher quality diamonds are a store of value, so it is reasonable to park large sums on money in the right jewelry for the lady.

    Do you think a 2013 Tesla Model S will also become a store of value?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. KDog

    The next FTK?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. 25 Longs and a pair of smelly shorts
    25 Longs and a pair of smelly shorts

    Once new ships arrive burdened down with 30million in fine china white should be smooth sailing

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. trend

    Check stem

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Testicules

    bought some RLOG
    just for the helluvait

    Great Lakes shipping is moving, see it daily…don’t care what the experts are saying

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. goose20

    Fly take a look at IVPAF for copper play before it runs too much, sell off was brutal but you can see update from yesterday.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. Po Pimp

    ???(?_?)???

    Just testing…

    • 0
    • 0
    • 0 Deem this to be "Fake News"