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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.

PAIN

Imagine you were short YELP from $15, with a thesis that the company was “garbage” and a scam. Now fancy your brokerage account set firmly at $00.00 because you bet against “The Fly”. That’s your future, not some fantasy that plays out inside of your small brain where you come out the winner. I know how this story ends because I’ve been to the future and I already won: you just don’t know it yet.

Quit talking shit. “The Fly” is the big bowling ball, screaming down the alley and you’re just pins, in the way, destined to the knocked down.

Do you want to know what’s next? Upon the eve of America’s birthday, short sellers stand to endure the pangs of the squeeze. They are destined to be wiped out, finality. The John Silb’s of the world never had a chance.

I like all stocks with short positions greater than 15% of its float with strong technicals. That’s YELP, RBCN, VHC etc. It’s called a “short squeeze”, boy, get used to it.

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IT’S BEAR SEASON

I bought RBCN today because the market is applying pain to the shorts. When that happens, they tend to get rattled out of their favorite positions, until the buying frenzy dissipates. Their favorite positions are easily found by screening for stocks with large percentage of shares sold short, compared to the overall float. When markets run higher, natural buyers bid up stocks, causing them to go higher (duh). But stocks that are heavily shorted tend to get a double boost, due to the combination of short sellers buying to close out positions and of course the effects natural buyers have on the supply versus demand relation.

I ran three screens for you in The PPT this evening.

Biggest short squeeze winners over the past month.

Biggest losers, with large short positions, over the past month.

Then I took the biggest losers screen and modified it to search for stocks that are strong, technically, and saw an increase of 5% or more in its daily “Hybrid Score” (the Hybrid score is PPT’s proprietary rating system which ranks stocks based on technical and fundamental factors).

This is just one of the hundreds of ways I use the software.

A great man once said “the most valuable commodity I know of is time.” Don’t waste it.

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A Trail of Tears For the Bears

Just like the white man “removed” the Cherokee from their lands, bears are being removed from their money. The great collapse of 2012 has been canceled and stocks are back to ripping heads off again– kicking said heads down idle sewer pipes into cesspools.

I stand before you a victorious man, someone who should be lauded and praised before billions. You should speak of my fortunes to your children, or grandchildren, when they are in bed, preparing for sleep, accompanied by warm glasses of milk or buttercream. It is impossible, in all expressions of the word, to stop me. The stock Gods favour me because I am blessed with a gift of energy equal to 10,000 Hiroshimas.

I want you to shut your fucking faces now and look at the screen. Once I have your undivided attention, I want you to click on a link that I am going to provide for you, FREE OF CHARGE, just under this sentence.

CHEQUEMATE.

Now I want you to leave this site and do not come back again, unless you are prepared to Bend the Knee and pay homage to superior beings, such as myself.

NOTE: Big props to my good friends,”The Devil” and “Chuck Bennett”, for nailing VHC inside of The PPT. Your winship has been duly noted and archived for future generations to enjoy.

http://www.youtube.com/watch?v=qfVXV1GRMDc

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Red Bulling it Again

“The Fly” is back to drinking cans upon cans upon cans of Red Bull zero again. I’m so fucking wired right now, I am eating the fucking cans to calm my nerves down.

The truth is, I am in the process of moving and it sucks 10 dicks. While we’re on the subject of truth, I will have you know my stocks are higher today– yes, indeud, they are!

US economic data was abysmal, which is great in the little fantasy world we live in. Let me give you a quick refresher: bad news is good news and good news is good news. However, great news is bad news.

Got it?

This psychopath market couldn’t care less if US unemployment was 99%, providing the Fed was ready to step in with POMO. I’m all about that shit: pomo all day, every day.

In short, I’m not buying today, opting to preserve my grandiose cash position, because there is no sense of urgency. I am not sure if the ECB will lower rates this week, and frankly, it doesn’t really matter. If you recall, I told you there was one monster trade left and I’d sell into it. Well, the monster trade came and went and I nailed it. My losses were erased and now I’m +19% for the year, right at annual an all-time highs. Le Fly won again, bitch; I’m about to lounge for the remainder of the summer.

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The Crisis is Over and You’re Stupid

Futures are higher because it’s bright. Markets are going higher because they’ve been mandated to do so. Obamacare is good for you because someday down the road you’re gonna get cancer and die from it.

This whole firestorm of shit over Obamacare makes me sick to my stomach. Since when do we give a shit about “democracy” and freedom? Last I checked, fucked-faces, we’ve been depleting our treasury to the tune of, oh I don’t know, 10 FUCKING TRILLION DOLLARS OVER THE PAST 10 YEARS, fighting a fictitious war on terror. Hell, we’ve killed more than a million and maimed countless others, all the while stripping fat-faced Americans of basic right and freedoms, under the directive of Homeland Security: and you’re pissed off because some schlub from 0hio is going to receive free medicine? Boo-hoo, how “un-capitalistic” of us. Hang on a second, let me go ask The Bearded Clam to print us up another trilly to cover the expenses.

Paint me cynical for a second, but frankly, I don’t give a shit. I pay $1,300 per month for insurance and those fuckhead doctors have had it good, real good, for too long. It’s time for those fuckers to face the Black Flag and fall under union command, where other fucked-faces will order them to stick thumbs up people’s asses for $10 a pop.

Colour me cynical, yet again, but I don’t see how this changes my lifestyle. “The Fly” is all about that, and from my vantage point, medicine is for the dogs and homeless old fuckers who need new hearts. Do you think I care if medicine goes up by 20% or even 200%? I DON’T GIVE A SHIT.

On the other hand, I will be voting for Glove-Mitt Romney because I think he’s cool, in a private equity sort of way. He will send the rest of America’s jobs yonder; but corporate profits will be robust and the markets will suck his dick for it (no homo).

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LET ME EXPLAIN SOMETHING TO YOU

I didn’t blog today because you didn’t deserve to read my scriptures. I was out, enjoying a life of grandeur, getting haircuts, eating delicacies–things of that nature. The Zerohedge crowd has been uprooted and violently tossed into the streets for the savage dogs to shit on and devour whole.

“The Fly” is as cool as a cucumber, sipping on a 2005 Bordeaux, drafting documents of war. There is nothing in my way from new all time highs. As you know, YELP gave back a bit towards the end of the day, not out of weakness, but to handicap this game, making it fair for the rest of you to catch up.

LISTEN TO ME NOW, AS IF YOU’VE JUST DISCOVERED SOMETHING HEINOUSLY STARTLING: I am a space alien, motherfucking, magician (SAMM), skating through time in a machine, banking stupid coin in the stock markets, and I endeavor to punch your eyebrows off for getting in my way.

Off to throw jumping jacks at some pikers, from the back of my 1980’s style stretch limousine.

http://www.youtube.com/watch?v=mAQ_nZI6JK4&feature=g-vrec

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COCAINE GORILLA AFRICAN JUNGLE MUSIC RALLY

I’ve been SHOMPing all afternoon, while you bear-fuckers have been getting tortured. It’s a beautiful day out there. The weather is perfect and the skies are blue. With great leisure, “The Fly” has been moving around his office in the lightest of garments: white robe and sandals. The incense is burning profusely at le office del Fly, so much that it’s impossible to see the computer screen (which is the cause of my delay).

What would you gentlemen like to discuss? Perhaps we can talk about stocks and if they might trade higher? Or, maybe we can talk about The PPT‘s whimsical algorithms and how it was flagging OVERSOLD in SPY, TNA and some silver stocks, just a few days ago.

While it’s true, I am not partaking in this rally to the greatest extent, due to my 35% cash position. After all, I am merely up 2% this afternoon, pushing my year to date gains to almost 19%, just 1% off my annual highs. As you can see, I have very little reason to celebrate today.

I leave you now, as it’s time to dance to the great African Jungle music again. Talk to you bozos later.

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