iBankCoin
Home / Dr. Fly (page 2200)

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.

Fly Buys: PZE, RIG, FXP

I bought 2,000 [[PZE]] @ $13.07, 3,000 [[RIG]] @ $145.20 and 1,000 [[FXP]] @ $69.40.

Disclaimer: If you buy the above stocks because of this post, your only daughter will marry Dennis Kneale. And, you may lose money.

Comments »

Fly Sells: VSE, AVR

I sold out of these positions. They were experiments in stupidity gone awry.

Comments »

Off to the Races

We’re on fire again. Nothing like some good ol’ fashioned government data to pick the market up.

Across the board, stocks are ripping. My inverse etf’s are being shredded. However, to offset them, all of my long are on steroids to the upside. Right here, I like [[CTSH]], [[AAPL]], [[RIG]], [[PCZ]], [[QTWW]], [[BAP]] and [[FMCN]].

As of now, my only short position in the banking sector is [[FED]]. I plan to use this bounce in the indices to expand my bearish bets.

However, much to my chagrin, [[FXP]] is getting its face ripped off, thanks to sharp gains in [[CHL]]. I’ll look to buy more FXP, under $65, if possible.

Finally, the commodity trade is back in a furious way. The interesting this is, they are all shooting higher, despite dollar strength. Apparently, the “global growth” story is more important than the stupid dollar.

Comments »

Stupid Jumps to Tech

All of the hot oil/ag money dove, head first, into the retarded shares of tech stocks. I’m talking [[CSCO]], [[NETL]], [[FFIV]], [[RACK]], [[IVAC]], [[NIHD]] and [[QCOM]], amongst others.

Truly, investors are due for a severe beating. The market has been too predictable and is bound to start fucking people. I mean, how stupid do they think we are?

During today’s tape, “The Fly” stormed the corroded beaches of China and banked a little coin in [[FXP]]. My only meaningful setbacks were in [[VSE]], [[COWN]] short, [[PCZ]] and [[PZE]]. All in all, I ended the day up 0.3%.

I must “dehedge” myself, by the way. Due to the gayer than gay run, from March to May, “The Fly” hedged his shorts with a multitude of longs. The result: my beta is way down, disabling me from banking profuse amounts of coin. As you know, this is unacceptable.

Sometime soon, I will place large bets. For now, I’m content with life. I’ll have you know, “The Fly” has a trading hand made from granite and a head made from gunpowder.

Bottom line: my trading results is of no concern to you. Whatever conclusions you may draw from my “Picasso-like blogging” are likely inaccurate, as a point in fact. Just know, “The Fly” remains in a state of victory, until I decide otherwise.

Top pick: [[FXP]]

Comments »

Not Raising Cash

I’m over here, sitting in my glorious leather chair, in front of a highly egregious mahogany desk, buying shares of [[FXP]], whenever I look or glance at it.

Also, I’m throwing bombs at my trader/servant. Fucking bombs.

Developing…

Comments »

Fly Buy: FXP

I bought 500 shares of [[FXP]] @ $72.25.

Disclaimer: If you buy FXP because of this post, your neighbors will spread wild rumors regarding your erroneous pending foreclosure. And, you may lose money.

Comments »

Moody’s is Blowing You Up

First, they (Moody’s) neglected to identify the systemic risks to the system, keeping [[ABK]] and [[MBI]] with AAA ratings. Now, they found religion and are threatening to downgrade them.

Fucking shocker.

The real question we should be asking ourselves is: Why do we need these ratings agencies, anyway? They all have conflicts of interest. They all are corrupt.

I’d rather own a bag of asshats, than shares of [[MCO]].

My guess, the market will die a terrible death.

With my money, I sold short some [[FED]], north of $16. I couldn’t resist. And, I’ve been nibbling at [[RIG]], which has greatly underperformed [[NOV]].

Still, I must admit, my top pick has to be [[FXP]]. I predict its largest component, [[CHL]], will soon be in more danger than a flamboyantly gay Jewish man, with a “Vote Bush” bumper sticker on his car, driving slowly in the mountainous regions of Pakistan, while blasting gangster rap music.

Comments »

Fly Buy: FTK

I bought 1,000 [[FTK]] @ $17.10.

Disclaimer: If you buy FTK because of this post, your neighbor’s landscaping will make yours look like a fucking junkyard. And, you may lose money.

Comments »

Fly Buy: RIG

I bought 2,000 [[RIG]] @ $144.85.

Disclaimer: If you buy RIG because of this post, your wife will begin a campaign to annoy you, on a very high level. And, you may lose money.

Comments »