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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.

I am Busy. Therefore, I am Leaving

Do not ask any questions or query the mind of a “market scientist.”

“The Fly” has many things to do—with very little time.

I wrapped up my day with another [[MER]] short sale. I am taking a risk, adding to my financial shorts here. The conservative play is to take my six figure win and go play “punch the old guy down the elevator shaft.” However, I’m not into small wins or minor triumphs.

I bank coin, at profuse rates, even when I try to lose money.

In short, I am handsomely short equities, via [[FXP]], [[SRS]], [[SKF]], [[MER]], [[POT]] and [[LEH]].

My top long bets are [[RACK]], [[AAPL]], [[NOV]], [[LAZ]], [[GD]], [[CTRP]] and [[NILE]] for the fuck of it.

Later on tonight, I will teach the internet how to properly diversify a portfolio.

Until then, fuck off and be well.

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UPDATE: Party Over

Bulls taking control here.

They are piling into the banks, trying to paint the pig with gold. As of now, the [[SKF]] has NOT broken out, so be careful with your positions here.

For a trade, I like [[RACK]], [[CTRP]] and [[JOE]].

UPDATE: That was fun. I still own the above names. However, in the interim, my gut says we’re done going up.

Top pick: Short [[LEH]]

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Bulls Going Back to the Well

The same old names are running, with a marked exception to the dastardly bastards from [[POT]].

Going over my daily screens, I see the old infrastructure/energy complex is booking higher, while financials lag. There are sizable gains in [[PCR]], [[CNH]], [[FLR]], [[FWLT]], [[URS]], [[ACM]], [[MDR]], [[GLBL]], [[NOV]], [[EAC]], [[CCJ]], [[ENER]], [[CSIQ]], [[FTI]], while weakness persists in [[DSL]], [[FIG]], [[RDN]], [[CCRT]], [[FED]], [[MS]] and [[UBS]].

Also, it’s worth noting the calamitous decline in refiners, namely [[VLO]], [[TSO]], [[HOC]], [[DK]], [[WNR]], [[SUN]] and [[ALJ]]. Being long the intergrators, like [[XOM]], [[SLB]] and [[COP]], and short the refiners, has been a great trade and will probably continue to work.

Select Chinese fuckery stocks are bouncing, namely [[CTDC]], [[MR]], [[CHU]], [[CHA]], [[CN]] and [[SOHU]]. Keep an eye on [[JADE]] for a possible lotto winner.

Latin American cell phone player, [[NIHD]], is poppin, while [[CTSH]], [[OSTK]], [[NTES]], [[CLWR]] and [[TKC]] eat dirt.

Within the food and beverage space, the big beverage giants look good, namely [[KO]] and [[PEP]]. In addition, with [[HANS]] getting its balls boxed off, I sort of like the valuation. However, I would not go all in. Just a nibble.

New issue [[DPS]] will probably kick ass. And, fake butter (Symbol) and health nut company, [[SMBL]], looks like it wants to trade higher. I’d wait for a pullback.

Some stupid bagel maker, [[BAGL]], is surging on good earnings. But, it will not last. And, [[BRL]] is having its guts ripped out and roasted.

Let’s not forget the daily metal surge in [[CLF]], [[X], [[ROCK]], [[BHP]] and [[PKX]]. Regrettably, [[SWC]] looks decent, down at these levels.

That pretty much sums up todays trade.

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Fly Buy: IOC

I bought 2,000 [[IOC]] @ $27.45.

Disclaimer: If you buy IOC because of this post, your herb garden will be eaten by a hungry swarm of locusts. And, you may lose money.

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Fly Sell: MER

I sold short 2,000 [[MER]] @ $47.65.

UPDATE: I shorted another 2,000 @ $48

Disclaimer: If you sell short MER because of this post, the Italian mafia will throw meatballs at your house. And, you may lose money.

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Banks Are Absurd

By the time this whole credit debacle is finished, many small to mid sized banks will be “zeroed out,” or close to it. You know I believe [[FED]], [[WM]] and [[DSL]] will be worthless, inside of 12 months.

I’m adding [[FHN]] to my death spiral list. And, don’t forget about [[CORS]]. I really don’t see how they can make it.

Do your own research.

As you can see, the stock Gods are blessing “The Fly” with bountiful gains in [[NOV]], [[SKF]], short [[LEH]] and short [[POT]].

Getting back to the financials, just so you know, I own two: [[BAP]] and [[AIZ]]. Sometime soon, I will explain my asset allocation methods and how to avoid getting your legs blown off, holding stocks like [[HANS]] or [[SNCR]].

Hopefully you fucktards understand that a certain level of discipline is needed, in order to stay in the game—long term. Sometimes, I get the sense most of you are just going “all in,” one idea after the next.

With my money, I will sell off my trading [[FFIV]] and [[NTAP]] positions and short more [[LEH]].

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Late Night Fact

Doing some light carpentry, “The Fly” spilled half a can of wood stain all over his new clothes—effectively ruining the charming “warrior like” outfit and staining his fucking skin too.

UPDATE: Dark forces are working against “The Fly.” Some strange third tier blog is attempting to surpass his highness, in some odd internet poll, regarding blog supremacy.

You must vote for “The Fly” at once and save America from Canadian infidels.

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