iBankCoin
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
23,433 Blog Posts

My Weekend Will Be Better Than Yours

I just wanted to say that to you, my readers, in parting.

I’ll have you know, I just sold out of my gold positions—including Yamana Gold Inc. (USA) [[AUY]] and [[DGP]] . They’re rather pointless, aren’t they?

In their place is nothing.

“The Fly” is buying nothing, with both hands, in size—going into BBQ weekend.

This is the last hoorah for the summer of 2008. All in all, it was rather benign. I never take long vacations, so my highlights are usually somewhat subdued. Nonetheless, I enjoyed myself a great deal and look forward to banking some major coin—during the fall and winter months.

My thoughts about stocks and asset allocations are constantly changing. I never stick to one mantra or investment style. Instead, I think dynamically, always on the prowl for a new angle.

If there is one thing I can drill into your stupid skulls is to think dynamically—which includes questioning your own philosophies, not just others.

All in all, the stock market is a bastard of a place to make a living. I remember getting into the business, more than a decade ago, and all of my friends and colleagues were so “psyched.”

We were all going to be rich, thanks to the stock market, Gordon Gekko and our Godly skills.

Fast forward 10 years, 90% of my colleagues have quit the business, either because of the emotional drain or good old fashioned failure.

If you’re in the business and feel it’s not for you: quit being such a piker and get to work.

You only think that way because you want success served to you on a platter, during a specific time of the day—preferably when you’re not busy. Nothing in life is easy to attain, minus stupidity and death.

If you want to make lots of money, put the work in and quit thinking about happy hour or weekend trips.

Off to the butcher.

Top picks: Equinix, Inc. [[EQIX]] , [[DIG]] , [[SKF]]

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24 comments

  1. chuck

    Here here.

    Im in with WNR. Looks like a bounce.

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  2. mrkcbill

    Thanks Mr. Sensitive I never realized this– but you have feelings too!

    You are the man…just bought some SKF.

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  3. ottnott

    “The Fly” is buying nothing, with both hands, in size—going into BBQ weekend.

    You are going to get creamed. Nothing is going to drop 90% while the markets are closed.

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  4. Caffeinated

    There really should be a way to add karma points the post as well as to the comments. Maximum karma points for this one.

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  5. TraderCaddy

    So what is on the grill?

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  6. chivasontherocks
    chivasontherocks

    very well said.

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  7. boca

    Happy Labor Day Weekend to Fly and his family, and to all the ibc posters, may all your barbeques be great. Ciao.

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  8. chivasontherocks
    chivasontherocks

    same to you Boca.

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  9. Prospectus

    @Ottnott: Yeah, nothing may drop 90%, but you can’t beat The Fly’s basis in it…

    Happy weekend to all. The group hug is choking me up. *sniff*

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  10. Cajun

    Damn right yours will be better than mine.

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  11. El Tiberon

    Fly,

    Unlike genius stupidity knows no limits. I’m shocked you missed that one. You must have been infected with bovine spongiform encephalopathy…damned prions from too many rib eyes…also a personal favourite of mine (rib eyes not prions)…stay away from the marrow…

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  12. Woodshedder

    ditto, kudos, etc. etc.

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  13. Granpa

    That fat TV bitch cracked my frozen beer mug with that “woo-hoo” she let out.

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  14. Leonard The Monkey

    Might want to make that last second switch to DUG from DIG

    Then you can laugh at all the oil bulls Tuesday.

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  15. mrkcbill

    Good Night John-Boy,Goodnight Livie, Goodnight Grandma
    and Grandpa Walton,Goodnight Mary Ellen, Jason, Erin, Ben, Jim Bob, and Elizabeth,

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  16. The Zombie

    The Fly is God.
    KC Bill, got any good college f-ball bets for tomorrow?
    This degenerate zombie needs a rush.
    Much appreciated.

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  17. Cajun

    Wow, the Zombie is alive.

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  18. DPeezy

    I’m sure he was just lurking in the shadows, motionless, waiting for the perfect opportunity to strike.

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  19. mrkcbill

    Zombie good to see you around.. fucker!

    OTB pick of the week
    Illinois V Mizzou
    Take the Fighting Illini +9
    If you really want a tight sphincter take em to win +315

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  20. DPeezy

    Better hope The Juice can complete a few more passes than he’s used to. No more Mendenhall to rely on.

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  21. The Zombie

    Cool. Thanks, KC Bill.
    Thanks for the sphincter pick!
    That’s more of a balls pick though.
    Shouldn’t the moneyline be higher than that?
    At wsex, you can get +350 right now.
    Thanks and good luck to you, KC.
    RC, good luck to you and your neighbors.

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  22. Sia

    short oil, the ultimate contrarian play… think about and good luck. Fly, I think one of the biggest reasons you are so good at what you do is that you have good ideas AND you know how to stick with them.

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  23. Aristotle

    Mr Fly,

    I hope your barbecued ribeyes are delicious this weekend. I’m taking the liberty here to call Thursday a top for this bullshit bear market 7/15 rally. I will dance on the graves of the bullish fucktards while drinking many a Long Island ice tea (hic!) by the end of October. Fuck the banks, Ibanks, and homebuilders!

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  24. Sarah Palin

    I approve of this message.

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