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

Fly Buy: CRNT

I bought 5,000 Ceragon Networks Ltd. [[CRNT]] @ $9.49.

Disclaimer: If you buy CRNT because of this post, the next time you do to the dentist, he will extract all of your teeth, by accident. And, you may lose money.

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25 comments

  1. Lost Trader

    Thank you Fly. I would like to tell you my story.

    I was following the Slope of Hope with Tim Knight months ago and lost 50% of my capital. I just started trading and saw Tim’s blog. I reasoned that since he created Prophet charts then I should listen to his calls. Well, I went from $100,000 in capital to $50,000 following Tim’s bad calls.

    However, I joined the PPT back in July with my $50,000 and followed the calls on the site. I am proud to say that as of today I have $143,000 in my account.

    At the end of this year, I plan on sending you a few grand as a tip. However, I plan on filing a lawsuit against Tim Knight.

    Thank you so much for this great service that you provide to us all. This is truly a great website and I enjoyed the piece on the false profit. Tim is truly a false profit. Well, not only a false profit, but just a loser.

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    • ZenProfit

      @LT: What is your handle over at PPT?

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    • TA

      This story should go on the promo page for the PPT.

      Please do not black out Tim Knight’s name.
      I always hate when people do that.

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    • The Fly

      Do not file a lawsuit against Tim. He is just some guy posting his ideas. Let that be your payment to me, aka my gift to Tim.

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  2. j

    Oh dear. on what grounds would you sue him. not to defend Knight but he didn’t exactly entice into trades in any way. he’s been wrong, horribly wrong, however you can’t really say he forced you into any of his trades.

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    • Lost Trader

      I know I have no grounds, but I feel he has misled and misrepresented himself a number of times. I remember one time he was trying to pull investors into his ponzi scheme hedge fund idea through a survey. I’m just going to hand 5 grand to an attorney I know to serve a summons and complaint. I know it will be dismissed, but I would like to see Mr. Knight in court and 5 grand is a small price to pay to see that happen.

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      • Po Pimp

        This is exactly what’s wrong with America now.

        Fucking man up, shithead.

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      • Milktrader

        Hasn’t he lost enough money already?

        What will be the content of the complaint?

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      • TraderCaddy

        So you are going to file a suit for which you know you will lose and which has no legal basis?
        Around these parts they award attorneys fees to the winning party if there was no justiciable issue of law or fact.
        He just has to read this blog, know it’s you suing him and then ask the Court for his attorney’s fees.
        Not a good idea.

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        • Lost Trader

          I sure wish I could do something, if not file a lawsuit. I am angry and wish there was something I could do to help protect people from guys like him.

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          • Richy

            I think it’s more a case of sometimes guys need protecting from themselves.

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          • Milktrader

            Right on Richy. Traders will blame everyone for their losses before they blame themselves. Unless you were robbed at gun point, you should take responsibility for losing your money.

            It’s the only way.

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          • TA

            Seriously you need to be stop being angry, recognize it as a learning experience and troll his blog on a regular basis. Hate mail also works as long as it’s funny.

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      • maelstrom

        Christ..take a good story and fuck it up with a pansy ass ending..Get over it, you gonna sue ppt if you lose ? it s possible ya know

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      • TA

        Don’t mind j, he’s always defending TIM 🙂

        Seriously save your 5K and get revenge by using it to make even more profits.
        You have no one to blame but yourself for losing money.

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        • mrkcbill

          Anyone have an address on DevilDog…..I’d like to sue him for convincing me there was going to be new lows in July….and for SRS’ing and FAZ’ing me.

          Thanks in advance

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          • j

            I’d like to get his address to have him committed to a psychiatric unit. Don’t worry about anything else.

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        • Richy

          Better still, lay that 5k down in some hospital for sick kids and stop being an asswipe.

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      • DPeezy

        Of course, it’s everybody’s fault but yours.

        I wish many sanctions upon any lawyer who might take on your case.

        Also, I’d like to personally thank you for wasting our tax dollars.

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    • Lemonjello

      Relax guys,I suppose you also think he’s serious about sending money Fly’s way too, I’m guessing he won’t be sending Fly anything other than the contracted monthly fee for the PPT as benevolence quickly burns off into greed.

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  3. j

    Lost:

    there’s no law against lying.

    ——————–

    Fly:

    That stock you just bought has an awful sounding symbol/name phonetically speaking of course.. I sincerely hope it doesn’t disappoint.

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    • mrkcbill

      That is funny…
      of course that little stuff matters

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      • maelstrom

        It s already run up, overbought and not much volume. I de wait for a pull back( not a pull out) but up everything goes. I ve been left waiting for a pullback before

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  4. The_Real_Hmmmm

    Ethanol is continuing its parabolic move upward.

    http://tfc-charts.w2d.com/chart/ZK/A9

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