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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.

Propaganda Parade

I’m sorry. I don’t give a fuck what the perverts from Playboy say: The Santelli Rant was NOT staged.

Rick has been railing against the out of control spending for ages. To suggest that it was staged, by evil doing right wingers is, well, disingenuous and reeks of plain ol’ vanilla left wing propaganda. No offense to left wingers of course.

“The Fly” despises both left and right wingers equally, some more equally than others, of course.

I mean, really, just because Rick made mention of a “Chicago Tea Party” should not, in any way, negate or minimize all of his valid points, which in fact are 100% consistent with his previous CNBC rants.

Fuck off Playboy. I hope you die and your stock goes to below zero. It’s worth noting, The PPT ranks PLA a strong fucking sell.

May your pervert mansion get foreclosed on and Hefner fall off a cliff, him and that stupid robe.

Indeed.

[youtube:http://www.youtube.com/watch?v=jiCOb49vVVM&feature=channel_page 450 300]

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A BLESS’ED WEEK

First off, many thanks and praise to those of you who took the leap of faith and subscribed to iBankCoin’s Godly premium service. May one thousand pleasantries of whores be thrusted upon your person.

On a very private level, “The Fly” enjoyed all sorts of victories this week, from wins in SWHC, RGR, GLW to outright triumphs in DUG/ERY.

Truth be told, on the eyes of Jupiter, I am up more than 14% year to date, with today’s perfect moves. My timing has been much better than Woodshedder’s and leagues better than all of you combined. During this weekend, “The Fly” intends to celebrate his wins, via cowboy cut ribs eyes, a little fine aged red and a small plate of Gruyere cheese.

GE is a piece of dog shit. God willing, they shall go into receivership, effectively disconnecting those wretched women on CNBC from the world.

In closing, I cannot stress enough how much I despise XOM and all of the fund managers who are long it. Moreover, I intend to dispatch such said characters, without remorse, over the coming weeks.

At the time of this post, HORATIO CLAWHAMMER was short FRT, ESS and a small quantity of CPT.

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Alert: XOM to be “Ape Raped” Soon

I just wanted to inform you good people, regarding the present and future condition of the Exxon Mobile corporation. Our new, valiant, leader intends to tax the Exxom Mobile corporation, so that bountiful resources may be redirected towards soup lines and incarcerated men in need of sex changes.

With the stock under $70, it runs the risk of being “rolled on,” by frightful fund managers, who already face enormous redemptions this quarter. Essentially, a large majority of big funds froze client assets last quarter, in an effort to save themselves from being placed on the unemployment line.

Well, well, that stratagem did not work out as expected, particularly since the market, in an odd sort of way, APE RAPED those very same client accounts to the tune of another 20%, thus far in 2009.

So, look forward, within weeks, to yet another arduous round of deleveraging at some of our biggest and worst asset management firms. Moreover, look forward to those asshats liquidating very large blocks of XOM, effectively negating XOM‘s current and criminal share repurchase program.

My play is DUG/ERY

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The Government Sucks at Trading

Fuck you CNBC for openly asking if “we are near a bottom” again. These people are asslicking morons. They have lost the average Joe billions of dollars with their sophistry.

As for our government:

With today’s C deal, they just booked a quick 10 figure loss. Those assholes have no idea how to trade stocks. Here they are, buying C, BAC, WFC, JPM, amongst others, losing money hand over fist. What those motherfuckers should be doing is subscribing to The PPT, in order to watch “The Fly” trade.

With the market bouncing here, I am feeling somewhat rambunctious, full of life and vigor, if you will.

Regarding my commercial Re and oil shorts, let them eat cake. I do not mind if they trade down a little, for my new focus is on other things, such as CY, GLW, WNR and JRJC. I’ll have you know, “The Fly” has been to the future and it does not look very good for the likes of XOM and CVX. Eventually, my DUG/ERY positions will reward me with great victories of mutton festivals and whorish extravaganzas.

Until then, Plutonium Petey will continue to trade like the wind, with sincere intentions of “de-sacking” those of you who trade against him.

Top picks: CY, GLW, WNR, DUG

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Fly Buy: CY

I bought 30,000 CY @ $5.50.

Disclaimer: If you buy CY because of this post, someone will piss in your tea. And, you may lose money.

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The 6 Handle Has Been Delayed

Forget about all of the rhetoric. Let’s trade the market that is in front of us, shall we?

I like short euro, via DRR. And, I think XOM will be “ape raped” shortly. I cannot express my sincere enthusiasm for DUG/ERY enough. May the stocks Gods come down to Earth and strike those who are long crude, with thunderous lightning bolts and fierce waves of supersonic punches to the nose.

I blew out of my SWHC position, north of $3.90. Finally, I am done with it. Other than that, I have not traded anything. I’m sitting here, in my glorious throne, trying to decipher the market.

On the long side, I like GLW and WNR. On the short side, I still like ESS/FRT. However, I will not add to them just yet. Look you, the market should be getting raped right now, but it isn’t. So, instead of being stubborn about it, I will use my good fortune of being up year to date, and in possession of a large cash position, to play the obvious upward bias.

More on this later.

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6 Handle Here We Come

Obama’s budget represents outright socialism or worse. It is the most radical piece of shit to hit our shores, just shy of German U-Boats. Frankly, I almost can’t believe it. I mean, he is talking about taxing corporate earnings held overseas (fucking GE in the process), higher taxes and massive government central planning.

This bill will fuck you, Comrade, in ways you cannot imagine.

As an aside, I have an announcement to make.

ALL PRIVATE CAPITAL, THERE IS NO NEED FOR YOU TO PUT YOUR MONEY AT RISK ANY LONGER. THE GOVERNMENT IS IN CONTROL.

That’s right, fuckfaces. What this Citi deal represents is fuckery on a very high level. All of this talk, by asshole cocksuckers in Congress and at the Fed, regarding “drawing in private capital,” is a bunch of horse shit. Who in their right mind would want to invest in a bank, after seeing the government change the rules whenever the want and wipe out shareholders?

Answer me!

On top of that, in case you missed it, Goldman Ball Sachs lowered their estimates for the S&P to 650 for ’09 yesterday. In my opinion, they are being very generous. After all, how does one price in communism?

Here in America, we are all about taxing and spending. Let’s take the money away from those who have earned it and give it the homeless guy in Manhattan, so that he can buy a fork and knife, in order to scoop out the fucking gray matter from your skull.

Top Pick: Long DUG/ERY in size.

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THE DUST BOWL ERA IS UPON US

You can’t make this shit up.

Aside from Nevada, both Texas and California are enduring droughts of biblical proportions, which in turn will ruin the California fruit and nut business (no pun intended).

This whole “comedy crisis” that we are going through now is so funny I want to vomit on my mailman. Aside from the fun stuff, like droughts and wars, “The Fly” is into shorting commercial real estate stocks, particularly those originating from Texas.

Those fucking assholes are gonna get a giant cow whip to their chins in 2009. With Obama set to tax the shit out of oil/gas companies (no more LIFO accounting), coupled with sub $50 crude, the state of Texas is in for a very rude awakening.

Last week, I penned a rather in depth analysis, exclusive to PPT, regarding how fucked Texas is. In short, here are a few names to shoot at:

WRI, STC, CPT, ACC, iBOC and CiA.

More good news for you good news lovers:

[youtube:http://www.youtube.com/watch?v=fAmYWCKyyXg&feature=subscription 450 300]

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