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.
Joined Nov 10, 2007
22,563 Blog Posts

Quick Alert: Drinking “Tons of Coffee”

Sometimes, upon over caffeinating himself, “The Fly” makes overzealous financial decisions.

Thus far, I’ve sold a little VMW, which I bought 10 bucks lower. Also, I have initiated a TIF short position—into earnings.

Normally, I would never bet against “the rich man.” However, I feel like doing it now.

Looking at retail, it is a mess. Today, MW, BONT, ARO, SHLD, CTRN, PERY, PVH, amongst others, are receiving the “homo hammer of death.”

My point: although it’s fun to say ignorant things, like “fuck you, you’re dead,” or “kill the bears”— be careful.

While enjoying the relief rally, do not forget the pain of last week.

In short, it makes sense to build a 10% cash position, with another 10% in short positions, just in case.


Comments »

Fly Sell: TIF

I sold short 5,000 TIF @ $48.16.

Disclaimer: If you sell short TIF because of this post, your neighborhood will become an Italian mobster hang-out. And, you may lose money.

Comments »

Fly’s Short List

As you know, the other day, “The Fly” promised the internet a short list of stocks that were worth “going short.”

Here it is:


With earnings coming up, my guess, the high price of gold is hurting their stupid margins. Plus, the consumer is knee capped.

Looks good to sell—down to $39.

Comments »

Kill the Bear!

I don’t have much time to spend with you internet leeches. As you know, when the markets go up, “The Fly” is busier than you, banking profuse amounts of coin.

Thus far, today’s action is telling me the bears want no part of this market. The pendulum has swung—they are now on the run.

Instead of letting them get away, I suggest trying to kill them, via going long stocks with big short positions.

Short term, I anticipate squeezes in BWLD, VMI, LFT, FMCN, VMW (already underway), HANS and FTK.

As far as rolling dice is concerned, CFC looks good for a bouuncy bounce.

Off to do “way more important things.”

Comments »


Odd, no?

In other news, the smart people at iBankCoin.com (you’re welcome) will be adding a new feature to the site, today.

Every week, we will feature a blogger from the Peanut Gallery, on the front page.

Naturally, Ducati, aka Dr. Duc, will be first.

Enjoy, or not.

Down the road, upon vast success of the site, I envision “sharing” revenue with some of the more prolific bloggers, albeit tiny.

Also odd, no?

If you haven’t done so already, especially shit talking beartards, sign up for the Peanut Gallery, in order to embarrass yourselves on a higher level.

Comments »

How’d That Feel?

I find it amusing, not funny, how you bearshitters have vanished from this site—due to the market melt up.

Fuck you; you’re dead.

Looking at my FXP position, I can only fathom how badly some of you corn can fuckers are doing.

With that being said, “The Fly” feels no pity, mainly because most of you are assholes—who take pleasure in seeing others do poorly.

The irony.

As for the markets:

I sense a continuous melt up, until Christmas. While it’s true, the credit issues are still abundant; I believe they will remain dormant or off the front page, until next quarter.

Towards the end of the day, I rolled some dice on SPF and CFC.

Top pick: VMI.

NOTE: Is anyone having problems signing up or posting in the Peanut Gallery?

If so, leave a comment here or email the sites webmaster.

Comments »

Fly Buy: VMI

I bought 1,000 VMI @ $79.

Disclaimer: If you buy VMI because of this post, you will go bald. And, you may lose money.

Comments »

Fly Buy: DCR

I bought 1,000 DCR @ $15.85.

Disclaimer: If you buy DCR because of this post, Abu Dhabi will buy your mortgage company. And, you may lose money.

Comments »