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Dr. Fly

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.

A REVERSAL OF FORTUNE

Markets were getting RANSACKED this morning and we closed up more than 550. Any fucking questions — you fucking faggots?

Let me explain my day.

See pal, there are two types of people in this world. There are those who run into houses and fire and get BURNED and others who run into houses on fire and walk out unscathed. I am that man — the latter.

I stepped in today long RIGL — it halted and quickly fucked me — barreling lower by more than 25%. I had a choice — get burned and meekly shrink from the challenge or rise up and DEPLOY THE MARTINGALE STRATEGEM to this trade.

As you could imagine, I chose the latter.

I stepped in at $3.55 and brought my cost down to $4.12 and then went to lunch. By the time I got back, I looked at my wrist-watch, opened my computer, the stock was over $4.3, so I sold it for a 5.6% profit — a 10% holding. I was not surprised that it had happened, only amused.

I closed out the day 45% cash, of the 55% — 15% short.

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Nasdaq Following Thru On the Downside; The Fly BOGGED

I’ve been trading like shit since yesterday, blowing trades and getting involved in bad ones. I had profits dissipate due to hubris and booked as losses today. Failed breakouts, reverses, and broke lower onto my fucking neck. NOT NICE, especially if the trends are about to change.

(GOGO -8.3%)
(WKHS -7.8%)
FIT +2%
(MVIS -9.4%)

Today’s

BNTX +8%
(SAVA -12.8%)
(NBY -13%)

I show you these losses to demonstrate that I am in fact human and fallible. I too, like you, do stupid things and get lost sometimes, partake in careless adventures that really piss me the fuck off. When I trade like this, I hate myself. Even my inverses are sucking wind, which reminds me — I need to close them out.

In spite of the NASDAQ diving lower, small caps and banks are strong. Odds are, we reverse higher and splurge again — cuz why not. But we should be going lower — much lower — amidst ruin and violence on your city streets.

I wish I had better insight into Clown World. Alas, I’m just a man trying to juggle bowling pins on slippery ice littered with banana peels.

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BULLS RAPED IN LATE DAY ROUT

It wasn’t supposed to end so abruptly. But then again, we were never supposed to live past March.

Markets tucked tail and got fucking RAPED late in the day after news that California was shutting the fuck down again due to COVID-19. I had a mixed day, with some losses taken towards the end of the session. I also had several stocks way up in the morning dissipate and give it all up later on during the afternoon session.

SPAQ +27.1%
TEDU +5.2%
OSMT +3.8%
(GOGO -8.3%)
(WKHS -7.8%)
FIT +2%
(MVIS -9.4%)

I closed out Monday 45% long, 10% short, 45% cash. I will likely liquidate my inverse ETFs during tomorrow morning dump out. I also have several COVID-19 related stocks that might buck the trend. Reality is never pleasant when your opinion is discarded and abused. Just because I wanted higher stock prices doesn’t mean I’d get it. My job now is to pay attention to the detail and adjust when needed. If we are rolling over, my job, your job, is to catch that wave. Being stubborn with position will only lead to misery and loss.

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Retail Investing is Back

You can tell the bears are having a bad day by just waking up. This has been the perfect storm for stocks set to trounce lower, yet here we are, incredulously. Say what you what about these “millennial faggots” (your words, not mine) — but they’ve rejuvenated investing for retail. Us GENX FAGGOTS were the ones who ruined it for everyone, with our HFT schemes and white shoe firm dick sucking.

Now that retail is back in the game, we have some god damned excitement here, not your ordinary 40 points per day Bernie Fuckoff market that bored everyone to sleep except Gen-Xers who made billions in their schemes.

Lo and behold, we have violence in the tape — stocks RIFLING the fuck higher post bankruptcy filing. Mergers spit upon and shares sent higher, irregardless (no a word via Websters). The nutcases who created the high frequency rackets are getting their dick cut off by Jimmy at Robinhood, trading on margin, leveraging out his account from $2k to $1.7m in an infinity leverage hack grown popular on Wall Street bets Reddit.

We’re in a different world now, a place where boomers are dying the fuck off, Gen Xers are the old beards, and millennial and ZOOMERS are recklessly trading this market akin to the dot come boom of 2000.

If you wanted to know what it was like, this is it.

I still have two hedges, the rest long, lots of cash. I’ll be adding to more positions by 3pm.

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This Morning’s Catch; Elon Musk is Rich Than Warren Buffett

TESLA us up another 13%, now worth over $330b. Elon Musk is now wealthier than Warren Buffett — because MUG ELECTRIC cars and Robinhood traders. How fucking crazy are we? I will tell you how crazy — MELTING THE FUCK UP forever is fun and easy to do.

BEAR IN MIND — this is all rigged. None of it is real. When the carousel stops — get off.

Here were today’s fish, my catch, so far.

SPAQ +27.1%
TEDU +5.2%
OSMT +3.8%

With the proceeds, I bought some insane stucks — some might work, others might not. Either way, I don’t give a shit.

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RECORD NEW COVID-19 CASES; DOW FUTS SPIKE

15,000 fresh COVID-19 cases in Florida. Two people are now sick with ailments that cannot be diagnosed at House Fly. RECORD amount of people have gotten the CORONAHOAX today, yet wearing the mask has become a political issue. In other words, if you wear the mask, you’re a fuckhead cuck. But if you do not wear the mask, you’re a reprobate cromagnon, and a racist. If you get COVID-19, you got the flu. If you die, you’re a crisis actor.

Are we caught up?

I do not hate the land America was built upon, only the people inside of it. Sure, most folks are good. But there are enough people who suck who make me want to leave. The only problem I have is getting my youngster onboard with a trip over to Dublin. Shit, I can’t even travel if I wanted to. I am more or less trapped in this hell hole, latter stages Empire America — FAILED social experiment built on diversity of people and opinions. How else should I describe it? The fucking melting pot melted down and now the contents are spilling out.

Moving on, futures are up nearly 200. Lots of FUCKERY taking place, but markets are ultra-docile. No violence in the tape, whatsoever.

Quit promotion: Stocklabs is still accepting beta trials. We have over 3,000 ready for the trial and it will be a task getting you all in and accepting all of your feedback before launch. However, I invite you to sign up for it here and view our updates on our Twitter page here.

I don’t have answers for you, as to the long term viability of this rally, which is why I trade. I am, however, more bullish on cryptos than ever before and would advise you to allocate some money there, in the big ones, every month, like a bill, for the next three years.

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Exerting Energy Whilst Bicycling is Stupid

All my life I’ve been doing it wrong. Riding the bicycle has been a fun avocation of mine for years — first as a boy and now as an adult. About 5 years ago I bought myself a proper mountain bike, CANNONDALE, and used it for exercise. But truthfully, I never enjoyed the whole peddling uphill ordeal, instead favoring the quick downhill spills and hairpin turns at high rates of speed.

After I returned home, I never said to myself ‘boy that was some good exercise — I should do more of that uphill shit.” The only pleasures taken from cycling was the journey and the sites and sometimes the scents of flowers and trees blossoming. I’ve never liked, nor aimed to, accomplish my fitness goals via the fucking bicycle.

This past Father’s Day, for the first time, I embarked on the ELECTRICAL BIKE experience, or some hipsters call it “e-bikes.”

SOLD IMMEDIATELY.

There’s no discussion needed or a difficult sales pitch. How much is it? Yes, I will take two, thank you.

During my e-bike journey, I could’ve smoked cigars and had martinis whilst passing BIKINGFAGS who worked really really hard until their hearts explodes. I side-eyed those fucks and said aloud “TO YOUR LEFT”, much to their chagrin. In this day and age, there’s no need to cycle like a fool. In China, most people use the e-bike to get around, casting aside their rusted old ten-speeds — because they’re stupid and antiquated.

As we get older and lose the desire to CYCLE UPHILL, there is an different way to go about it — the lazy way — the fucking e-bike, or ELECTRIC BICYCLE as gen-xers like to say.

You’re welcomed.

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Another Day, Another 350+ Points of Pure Upside

I woke up today and didn’t want to blog for shit. With nearly 21,000 blogs under my belt, I felt like taking the day off. Pardon me as I don’t give a shit what you think.

So here we are, another 350+ points of upside and what now?

What now is today’s gains.

LCAHW +5.1%
LMND +3.1%
HEAR +1.2%
GRAF +2.9%
FTCH +2.9%
JMIA +2.6%
ROKU +7.8%
SHLL – wash
SPCE +3.5%
(APT -3.9%)
LX – wash
(GAN -2.2%)

Small time gains, nothing too unusual.

The NASDAQ had driven lower hard in the morning and I took that occasion to buy another INVERSE ETF. I quickly realized it was a mistake but instead of correcting it — I bought a series of stocks none of which included WIMI — a stock up 10 fucking points since yesterday to $15. I had an order ready to go yesterday, but failed to pull the trigger thanks to a nefarious gentleman named BUBBA who keeps interfering in my affairs. Exodus members know what that means.

All in all, it’s more money being made, as the country and the world burns. Hot hot summers and viral pandemics make for a fine trading environ.

Cheers.

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MARKET TRIED TO GO DOWN — BUT NOW WE’RE HEADING UP AGAIN

I got bored so I took out a 5% position on SPAQ and sold it 5 mins later for an 8.9% gain. See pal, there are many types of people out there, but mostly two. I am the type of person that drives a fucking RAIL-NAIL thru your head for making fun of portfolio. Sure these stocks are degenerate and not the type of stuff a gentleman of my standing and stature should be seen with, let alone invest. But we’re living in NEW TIMES now where anything goes and nothing can stop us.

My booked trades so far.

NKLAW +12.8%
GLUU +6.6%
QFIN +8.2%
HMI +4.1%
(NK -1.6%)
(IDEX -4.5%)
(APRN -4.9%)
SPAQ +8.9%

See, you have several choices in front of you as a young aspiring man in business. Starched collars, stiffened neck, soft bellies. You can head out there into thew wild and brave it on your own — ill equipped to fend off the winter elements. Or you can simply sit down and eat fish, like a good patron, and shut the fuck up.

Why, if I could take stock picks from someone like me, without being someone like me, I’d jump at the chance, an automatic money printer — a person gifted with talents of coin production — a regular man about town picking stocks so that the masses do not need to bother.

A man, such as this, dare I say, is a national treasure.

The Nasdaq reversed a 100 point deficit and is now up 25.

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BOOKED SOME MORE WINS — THREW ON A HEDGE

I bought a bunch of shit and sold a bunch of shit and these are the results for today, thus far. It’s a splendid cocktail of what can go wrong and never does. I look at death in the face everyday and everyday — nothing ever happens.

NKLAW +12.8%
GLUU +6.6%
QFIN +8.2%
HMI +4.1%
(NK -1.6%)
(IDEX -4.5%)
(APRN -4.9%)

Moving on, I hedged today with some FAZ. I’m not sure if it will work — but with markets down 300 — maybe it will.

One thing to consider when trading now is the elections coming up. Biden is going to be up in the polls the day before the elections — the whole time. A Biden win will mean higher prices for alt energy and other green initiative plays. We are already seeing that via BLDP, PLUG, CLNE and many more.

Massive amounts of layoffs are happening. Record amounts of COVID-19 patients. The world is fucked and we can now only wait for bad things to materialize.

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