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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.

The Games MUST Stop

Fair warning to all of you motherfuckers: By Monday, I better see a total change in candor within the comments section. If I see you idiots talking about washed up rock and roll bands, I’ll fucking ban you all. Not only will I ban you, I’ll track your pathetic asses down and punch your chest hairs off.

I must uphold the highest standards in online finance. For if I don’t, I am no better than those other idiots who blog all day. That, my friends, is unacceptable.

I don’t comment on half days, after Turkey Day, out of respect for the Turkey Gods. Anyone who took today’s trading session seriously, needs to have his head examined.

See you fuckers on Monday, ready for business, as always.

NOTE: Inside The PPT I have seasonality analysis up by sector. It’s rather good, if I might say so myself.

NOTE II: If I hear about you fuckers even day dreaming about S&P futures, on a Friday, after a half day, I will oversee your mustache removal.

[youtube:http://www.youtube.com/watch?v=Skwj2fMU0w0 616 500]

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A Thanksgiving Update

At La Casa del Fly, a heavily brined turkey awaits industrial proportioned consumption. His guests are all gluttons, eagerly awaiting to fill their faces with gravy, stuffing and other delicacies. The stated goal is to eat as much as humanly possible, right up until the point where the stomach explodes from too much pressure.

I will be serving cranberry chutney, along with green beans, mashed potatoes (infused with cream cheese), roasted and cobbed corn, candied sweet potatoes, crescent rolls, pumpkin pies, apple pies, turkey and world class sage sausage stuffing. For beverage, I’ve cooled a grotesquely large bottle of Apple cider outside, just like Grandpa Fly did when I was young. And, I’ve reserved my finest red wines, for family members who possess a modicum of civility and honor. All the other rubes will drink Heineken light or some other bullshit trailer park trash beverage of choice.

I will rant and rave, laugh and drink, EXACTLY in that order. I will make fun of the football players and talk about how my personal success outstrips all others, at the dinner table, just prior to grace. We will toast to my success and pray for my eternal survival.

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Fly Buy: WRES, REXX, Q, LIZ

I bought 20,000 WRES from low $4.20’s.

UPDATE: I bought 5,000 REXX.

UPDATE II: I bought 50,000 Q (December seasonality).

UPDATE III: added to LIZ

Disclaimer: If you buy WRES, Q or REXX because of this post, you will break every bone in your body. And, you may lose money.

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The Aristocracy Will Not Be Denied

You burlap’d bearshitters are getting murdered today, all praise to the Turkey Gods for their gifts of coin and splendour [sic]. “The Fly” is in the final stages of his pre-Turkey Day festivities, where rituals are performed and sacrifices are made. Do not ask questions, if you are not ready for the answers.

“The Fly” is roaming about his office, dressed in traditional “holy garb” (Pilgrim attire),preparing for tomorrow’s celebrations. Red grape will flow freely and gravy will be consumed. I’ve expended tremendous amounts of energy and time to set this mood at the right tempo. Plutonium Petey is so far beyond your comprehension, you ought to not address him any longer. Just read the scribes and pay homage via daily sacrifices in his honor.

I stepped up and bought some CCJ today, due to intense strength in uranium stocks. Out the gates, my positions are higher by about 1%; but I’m looking for more.

By the time it’s all said and done, I expect to double and triple my money, over and over again. What you see here is merely a taste of what “The Fly” is capable of. His powers grow daily and his sword is as strong as his cock.

Top Picks: CIEN, CCJ, REXX

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Fly Buy: CCJ

I bought 10,000 CCJ.

[youtube:http://www.youtube.com/watch?v=jnUW5DUpLYo 616 500]

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Public Announcement

Either take to the streets in armed revolt against “the corrupt government,” else lose the right to complain. You’re a bunch of Louie Le Rent’s (Grandpa Fly story for a later date). I am not entirely innocent in this regard, being a guy or space alien magician who enjoys to throw a good fire bomb every so often. However, some of you take it to the extreme and obsess over it, as if it was your calling in life. Let me explain something to you, your calling in life is to live. You are not here to make a difference or change the way society lives. Think about all of the 60’s era misfits who protested against the government. Where did all of that hemming and hawing get them?

I’ve decided long ago to live my life by taking advantage of those who choose to take advantage of me. Get that? In other words, as it pertains to the market: I endeavor to beat them at their own game. Who am I, really, in the big scheme of things? I am a nobody, as are you. However, with a little hard work and ingenuity, I can crush their faces inside of my iBC printing press.

Naturally, there is a New World Order, whose mission statement entails to fuck me sideways, down a drain with a Chinese made crane. But before that happens, I shall get my share, AND MORE.

I wanted to remind some of you ideologues out there, since it’s been awhile: keep your fucking comments focused on making money here, else lose your seat of privilege. I am only interested in banking coin; hence the title of my blog.

NOTE: Howard Lindzon interviewed Jim Rogers today. Great interview. However, I must say Jim was a little rude, pardon my frankness, for peddling on a fucking midget exercise bike during the interview, with his giant leprechaun head and shit.

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Risk On / Risk Off

Look, don’t think about this sell off with any sense of seriousness. Thanksgiving is around the corner and idiots are shooting 1950’s style artillery shells at one another. People get nervous, so they sell.

On the other hand, retail is robust, thanks to the JCG buyout. I will continue to add to my retail holdings, with the delusional hopes that I too can catch a bid. Stocks like PSUN and LIZ are turn around stories. Private equity loves a good turn around story.  FTK is on some sort of wild goose hunt for short sellers. Clearly, ALL OF YOU MOTHERUFUCKERS WHO MOCKED ME, for owning 2 million shares, WERE WRONG. I told you before, “those who laugh last do so with great conviction.” So you know, I am laughing at you now, all of you.

Fuck the crazy Koreans: I want to be long CIEN, as margins improve, PSUN, LIZ, THQI and REXX for a sqeeeeze.

NOTE: Great job to the 12631 trading group. You guys are fucking killing it.

[youtube:http://www.youtube.com/watch?v=9Yn_7L7ozJw&feature=fvst 616 500]

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My Winship Cannot be Interrupted

I added to my REXX position. I would have added to my PSUN; but it’s already a full sized position. FTK does not trade lower, no matter how much stock I sell. Why am I selling shares?

Answer: liquidity.

My position was too large and I could not let this opportunity pass me by. I made more than 65% for my investors, over 1.5 years, and it’s time to pare it down. I will keep some on the books, for the novelty.

My CIEN position looks great. It’s doesn’t want to trade lower. Keep note of that.

Bottom line: today’s a fucked up day. So what? Next thing you know, we mushroom cloud Pyongyang and the market storms higher 200 in celebration. Look, your situation may be different from mine. I got money to burn here and I have no fear. You fucking cowards piss your pants at the first sign of trouble. I punch trouble in the face, with dynamite sticks.

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THANKSGIVING SURPRISE!

Not too much different than “surprise sex,” North Korea has shit upon your Thanksgiving Day dinner. That’s not black truffle on your dinner plate!

There are no words or explanations for sudden war, just days before America’s most holy holiday. It’s like a sick joke of sorts, upping the level of difficulty of this tape by a factor of 1,000. ,”Sure, let’s throw those baboons a fucking war to deal with, sponsored by a fucking lunatic with nuclear weapons,” said the perverted stock God. I guess this is how the playbook goes: FULL EMPLOYMENT via egregious war. What’s next, dust bowls and locust swarms?

Sell all Korean names. I have a post with keyword and domicile search up in The PPT.

Lucky for me, I step into today’s trade with a 35% cash position. Do not envy me, good sir, I am simply above your pay grade.

With all of the bullshit taking place in Ireland and now Korea, it’s probably best you avoid the market in the near term. Granted, I will not heed my own advice. I will likely buy some shit today or hedge via FAZ or SCO. Nonetheless, things are about to get interesting.

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