It does exist: The Hovering Cobra
Its amazing what happens when you have a digi camera.
If we have a ProBro Fly-In in the Houston area, you will be one of the few to see a surviving Hovering Cobra.
Once produced by Bolly and designed by Quique, most were crashed because of the super high roll rate and the lack of support of the tail. As you see, the fuse is about half the width of most fun-flys. In addition to that, there are lighting hole throughout the fuse. Bolly discontinued the kit several years ago and since then, the kit division of Bolly has been sold off. The new owners, in New Zealand, do not have the planes or kits and Bolly claims not to have them either. It was a plane several years ahead of its time, in design, weight and flight characteristics.
This one has survived, thanks to support strings that go from the vertical stab to the wings. If it wasn't for the strings, I would have ripped the tail off years ago. I have had this one for 4 years and I was told the guy who built it, had it for only a few months and was unable to fly it.
I'll put this baby up against any of your Top Caps, Fazers, Ex-330's, Sledge and the other assorted profiles. :-)
Best tricks: it will do a Pinwheel (sometimes called a double hammerhead) and the inverted flat spin to deck and pop out into a hover.
Can't wait to takeover a field with Brotherhood.