You talk too much.
Don’t be afraid to trade, for the ones who are afraid shall be slaughtered first.
-BEAS, 1776
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Joined Nov 10, 2007
23,434 Blog Posts
“The Fly” Wins Again
Where are the cowards who were talking shit just a few weeks ago?
In case you are unaware, I killed them all, murdered while they slept, suffocated by noxious black fumes.
With gains approaching 25% for the year and nothing but information flow at my finger tips, I’m on the verge of breaking out, yet again. My goal, as always, is to outstrip you. While doing so, I make you look foolish, almost child-like, as your attempts at market mastery come up short.
I never claimed to care about the economy, or the country for that matter. I cannot care about those two things and provide Mrs. Fly with gifts of the gratuitous nature at the same time. Get it?
Good.
Into the bell, I am selling NOTHING. As the summer winds raze fields of dry corn to ash, I bank coin, profusely, long LNN, MOS and CRESY.
Comments »Plodding Along With A-Bombs
Most of my current positions are very dangerous stocks. They are illiquid for my position size, volatile, and have been known for taking deep dives into the crevasse of stock market sob stories, when markets misbehave. I hope you realize the skill it took to time my YELP sales. When selling YELP, I needed two things to occur: 1. the stock needed to be higher than $25. 2. the volume needed to pick up by a factor of 10, in order to accommodate my market orders.
Most people feel market orders are cardinal sins, maybe so. However, I don’t have the fucking time to micro-manage positions for a few pennies. When I buy a stock, I am committed. Why fuck around with pennies when there are dollars to be had?
I’m up 1.25% in the early going. I am fully invested, with just under 20% of my assets in cash.
Top picks: ALJ, RBCN, LNN, MOS
Comments »One More Thing
I would like to alert you to the fact that I drank an entire bottle of Clos L’ Eglise Pomerol (2007), courtesy of Ragin’ Cajun, tonight–to celebrate the many things that need to be celebrated. My year is going swimmingly, the site is punching people in the fucking face and I just bought a new house. However, I am an eternal pessimist. I would like you to know, whether it is of any interest to you or not, that I never feel satisfied.
To be content is equal to sloth. Sloth is equal to vagrancy and vagrancy is the bane of mankind.
I don’t accept new clients anymore, so quit emailing me with requests. There will never be commingling at iBC, no matter how much you beg and ask. Feel grateful to have access to my network and stop talking shit in the comments section, else you will be banned.
I have a few deals lined up, which cannot be revealed just yet. There are parties who would be intently offended by my missives and I like to keep bridges intact. However, just know, like YELP, WNR, FTK, LULU, GSVC, and the countless others I’ve brought to you since inception, these next few plays will be winners.
What makes a successful investor?
Two things.
1. The tools he has to make informed decisions.
2. His network.
If you do not have a system in place to access information and make informed decisions, then you better have insider info.
Comments »Fuck Your Social Network
I no longer give a shit about the mood swings of social networking investors. As far as I am concerned (and I definitely am not!), shareholders of both GRPN and ZNGA can fuck themselves inside of Greek bathhouses, located in San Fransicko. I don’t need to YELP, nor play games with The Facebook. “The Fly” has huge fish to fry in the fields of corn.
The Catastrophic Drought of 2012 is leaving many thirsty without water. As I water my cactus with a bottle of Fiji, I ponder about my prospects in MOS, LNN and CRESY. Also, it’s worth mentioning, I am causing great panic amongst the short sellers embedded in ALJ. I am here to outstrip and decapitate you, without regard for human life or decency.
EVERYTHING that I do is based upon profit. Do you bitches realize how lucky you are to be involved with a person, such as myself? I introduce you to strange men, named Chuck Bennett and speak of myths, with regards to “The Devil.” Without me, your lives would be pathetic and entirely vacuous of merit.
My cash position is down to 20%, as foretold in the halls of iBankCoin yesterday. My plate is full and I intend to eat a great deal of farmer, with rapacious hunger.
Comments »Fly Buy: CRESY
I started a position in CRESY.
Comments »THERE IS MORE MILK IN THE FARMER TO BE HAD
Another day goes by without rain and farmers are fucked inside of tax incentivized, broken down, barns.
While the local farmer laments in the hot, scalding heat, about the clouds, “The Fly” is sitting comfortably in his air conditioned office, profiting from the farmers misery–long egregious amounts of MOS. In addition, and I bring this news to you rather immediately, I just started a new position in RNF. I can see the charts and it clearly has a cock and balls formation to the upside. I like it because it broke its triple axis, double inverted, sweet banana pie, lemon top melon formation.
I am a seller just north of $36.
Ladies and Gents,
The summer is here and it is hot. I’ve all but sustained myself on fruit, water and almonds for the better part of 1 week, requiring just 2-3 hours of sleep per night. I like to call them “naps.” I am terrible sorry to inconvenience all of you with my plights, yet I do so nonetheless.
Into this short squeeze, I like the taste of cow, chickens, corn and soy. In other words, I like the stuff that makes crops grow, as well as the infrastructure that allows the stupid farmer to better manage his water supply. Make no mistake about it, farmers are some of the stupidest and devious characters around. They are schemers and hoarders, sucking off the government tit in a felonious fashion.
I INTEND TO EVEN THE PLAYING FIELD AND MAKE THEM PAY THEIR FAIR SHARE.
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Radio iBankCoin
Jeremy (iBC Admin): “As you know, Mr. Le Fly is quite indisposed at the moment, militarizing his new house (or, more accurately, his new “war-time compound”). In his stead, I’ve been tasked with putting iBankCoin Radio back on the air. LET’S GO.”
Don LaFontaine: “Your fifteen minutes of music without commercial interruption starts N-N-N-NOW!”
[ticking clock sound effect] [airhorn] [airhorn] [airhorn] [machine gun] [glassbreak] [sexy lady voice] [explosion] [airhorn x10]
Jeremy: [Ice Cube’s “It was a Good Day” instrumental plays in background] “Some real street bangers, there. But enough about my songs; what are you guys listening to? iBankCoin Radio is taking requests all afternoon, so SHOUT US A HOLLA in the comments section of what you want to hear.”
[Cash-4-Gold Commerical] Comments »The Essence and Definition of Fucked
This was released by the USDA on 6/29/12. Pardon the tardiness of this report. However, considering the persistence of the “dust bowl” like drought plaguing farmers, I think it is extremely important to remember how leveraged and fucked these farmers are with their “bumper” sized corn crops.
U.S. Farmers Plant the Largest Corn Crop Since 1937
Washington, June 29, 2012 – U.S. farmers planted 96.4 million acres of corn, up 5 percent from last year, making it the highest corn acreage in the last 75 years, according to theAcreage report released today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). This marks the fourth year in a row of increases in corn acreage in the United States.
Favorable field conditions across much of the major corn-producing region helped corn growers get off to a fast start in 2012. By May 20, the planting was nearly complete, representing the quickest planting pace on record. Virtually all of the acreage had emerged by June 3.
U.S. soybean growers also reported a significant acreage increase this year. According to the report, 76.1 million acres have been planted to soybeans, up 1 percent from 2011. This is the third-largest soybean acreage on record.
Just as with corn, the weather allowed soybean growers to get off to a quick start this year. By June 3, ninety-four percent of this year’s crop was planted, 30 percentage points ahead of last year’s pace. Nearly 80 percent of the crop had also emerged by that time, 40 points ahead of the 2011 pace.
A significant acreage increase was also reported for wheat. The report showed that growers planted 56 million acres for all wheat, including spring, Durum and winter, a 3 percent increase from 2011. More acres were seeded to winter wheat this year due to expectations of better net returns compared with last year.
Unlike the other major crops, cotton growers reported a decrease in acreage this year. According to the report, there are 12.6 million acres planted to cotton, down 14 percent from 2011. Farmers planted 12.4 million acres of Upland cotton, down 14 percent from last year, and 235,000 acres of American Pima variety, 24 percent down from 2011.
NASS also released the quarterly Grain Stocks report today, showing corn stocks down 14 percent from June 2011, soybean stocks up 8 percent and all wheat stocks down 14 percent. With a total disappearance of 2.87 billion bushels between March and May of this year, this is the highest disappearance on record for corn during this quarter. The soybean disappearance of 707 million bushels is also the second largest disappearance on record.
Irrigation plays LNN and VMI are my favorite ways to play this, as well as MOS for fertilizer.
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A Continuation of an Olde Thesis
I am an aggressive buyer of ALJ down here, more than 20% off its highs. It is the last refiner standing that hasn’t run the fuck higher, amidst outrageously high crack spreads. Fact: airlines and refiners cannot run at the same time, just like TLT and SPY can’t continue to play nice.
Having said that, TLT is easing off the highs and the market is honey badgering its way through the grease.
I like my chances with ALJ, considering the fact that the refinery sector is under serious accumulation by hedge funds and mutual funds alike.
All of my other positions are fairing nicely; but I am effectively flat on the day thanks to my large cash position. I intend to take it down from 40% to 20% over the next few business days (as if there was any other form of day).
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