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
23,424 Blog Posts

I Can’t Sell

I know the market is up big; but I cannot/will not sell out of my stocks, at such low levels.

From Corning Incorporated [[GLW]] to TriQuint Semiconductor [[TQNT]] to ADTRAN, Inc. [[ADTN]] to DryShips Inc. [[DRYS]] to Flotek Industries, Inc. [[FTK]] , the overall constitution of my portfolio is one of the cheap nature. I insist, this market has more froth left in it. However, truth be told, about an hour ago I pared off some of my General Cable Corporation [[BGC]] position, just for the sake of selling something—to be honest (so sorry for the redundant nature of my sincerity).

With oil spiraling higher, you must look toward undervalued oil/gas names, especially beaten down parts makers, like Smith International, Inc. [[SII]] , Graham Corporation [[GHM]] and ummm Flotek Industries, Inc. [[FTK]] .

Into the bell, I am “The Fly.” I am victorious.

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47 comments

  1. ecchymosis

    F..I..G

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  2. The V.King

    For purposes of action nothing is more useful than narrowness of thought combined with energy of will.Thanks to The PPT I have that will…

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  3. Bubo

    I know why your name is FLY. Because every stock you buy it’s just flying, right?

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  4. MX2101

    It was a wonderful feeling watching GOOG bid/ask rise just after 4 PM. That must be great moment for someone long, to see it move up by the second.

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  5. Braveflaps

    AMD down in the wake of not so good GOOG and IBM results; time will quickly tell if my short gamble makes me a hero or just another squishy douche wrapped up in the monstrous rumour [sic] of the night.

    You go Boss!

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  6. omfgitsjd

    But she was blinded by the light. Wrapped up like a douche and on a runner in the night?

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    • Teahouse On The Tracks
      Teahouse On The Tracks

      Per Bruce Springsteen > Cut loose like a deuce another runner in the night

      Per Manfred Mann > Revved up like a deuce another runner in the night1

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  7. Teahouse On The Tracks
    Teahouse On The Tracks

    Great tune there …. “Wrapped up like a douche in the middle of the night” [sic]

    Tried to buy OMNI today but those shitty bastards at Etrade had a restriction on it … calls only ….WTF is up with that?

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    • maelstrom

      I ve owned omni for 2 years, haven t looked at it in months..great performer after a hurricane or Gulf spill

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  8. Ashley Hamilton

    Swing that big johnson, King cock!!!!!!

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  9. Q4

    I Want In – http://www.youtube.com/watch?v=jocsKMi9dRo

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  10. Name

    Why is it that bearish blogs which are wrong for 7 months get hundreds of comments if someone uploads a stupid chart, and here hardly 50 comments (or much less)?

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    • DPeezy

      Ugh, spare me. 90% of Slope comments are supremely useless, idiotic, or creepy…or all 3 at the same time.

      Kinda like this one, or ‘Bubo’ up there…or all the worthless ‘FIG’ comments on every new Fly post.

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  11. carsony

    I agree. The stocks have plenty upside. drys,glw,mmr,aks-4 beauties..

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  12. lasalle street bum
    lasalle street bum

    Fly… you like GHM???

    This is kinda like my Flotek. I just can’t ignore this name, and continue to buy it “fooleshly”

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  13. TMOE

    Oh what will BAC say tomorrow?? My luck they will shit the bed and the stock will still melt up as idiots jump in, especially because I happened to purchase some 17.50 puts.

    Also GE should be intersting to watch too. I went short with a tight stop today. My GS NOV puts paid off a little today so I got out and took my profits.

    Yes us bears have been wrong since March, but I was able to control myself a little and sit on some cash.
    I do believe a storm cloud is brewing. This euphoria is going to get its head choped off. I am not sure exactly when its coming but it is coming. I will be ready to pounch as I sit on mostly cash with a few longs.

    I like ISLN even though it has jumped lately.
    I also like LMNX
    For long term holds I have been holding HYG – which has paid off nicely and GLD and we all know what that has done

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  14. Balloon Boy Found Alive in Attic
    Balloon Boy Found Alive in Attic

    Larimer County Sheriff Jim Alderden told media in Fort Collins that the 6-year-old boy thought to be missing in a balloon craft has been found alive at his home.

    “He was found in a box in the attic above the garage,” Alderden said.

    very “12 Monkeys” no?

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    • TraderCaddy

      BREAKING NEWS:
      The balloon boy will now receive the Nobel prize in aviation and aerospace engineering.
      This comes on the heels of the award to President Obama for being a peacemaker with results.

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    • DPeezy

      LOL

      12 Monkeys is right. Thanks to that movie, I was expecting this outcome all along (or at least as soon as it turned out that nobody was joyriding in that flimsy balloon).

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  15. The Fly

    My blog used to get 200 comments per post, before PPT. All of my die hards are there, posting all day. Hundreds of posts per day.

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  16. chivo

    I didn’t realize why Fly was charging what first seems like “so much” for subscription to the PPT. Then I realized 2 things:

    1) Anyone already inside the PPT do not want people not worth their marbles (and such unable to afford PPT membership)
    2) Anyone already inside the PPT do not want people too dense to realize that an entire years membership is quickly earned back by any number of trades posted daily on the PPT, only.

    After joining, I can say it is definitely worth the money.

    Thanks, Fly!

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  17. barelythere

    This lack of posts could bite you in the end maybe have less other bloggers so everyone is always here or somthing. how will you get new peeps to the PPT if no one is here anymore? you dont really give a good idea of what is going on in there!

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  18. MX2101

    I’m a PPT member, and don’t regret it. I would join again.

    If I worked harder with the PPT tools, more money would flow. I need to work harder! The point is there is no free lunch, but the PPT enables someone to work and make more money, and learn from others.

    There is plenty of excellent information here for free on I Bank Coin. Perhaps too much!
    I don’t see why someone might think there is nothing here..

    “The Fly” is being very generous with information here, for free.
    Some of the bloggers are very patient with the posters, too

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  19. Teahouse On The Tracks
    Teahouse On The Tracks

    Moving traffic from a visible room to an invisible one may be cannibalism when it comes to traffic but PPT provides instant “show me the money” success for Fly and his bloggers until the blog itself starts earning serious $ via advertisers or net worth. Nothing wrong with that unless you hate to see Timmay beating you on page views.

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  20. The Fly

    I do not hold back on my posting here. What I was referring to was the amount of reader comments flowing in the ppt user notes section.

    As far as $1 trials, I might do another one shortly.

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  21. Alvari40

    We rally through October…..true story.

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  22. needle dick the bug fucker
    needle dick the bug fucker

    Has Ken Lewis been tossed under the bus or what.. Hahaha no pay for 09!

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  23. The Fly

    Awe, poor guy, just 120 mil? How can he survive? A steady rice and water diet, I am sure.

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  24. mustard seeds

    Needle,

    You mentioned HSTX last night any particular reason? Looks like a tiny float.

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  25. Indie

    I can’t sell either. i want to. but i find it hard. why? its all quality stuff. i sold some PBR today and went regretting it a couple of hours later as it continued it’s relentless climb. i mean it climbed steeply lately so i figured… lets see what tomorrow brings.

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  26. 308

    Citi on:

    Advanced Micro Devices (AMD) Return to Stable Share, Margins: Reit Buy -Raising Estimates and PT to $8.50 from $5.50

    Goldman Sachs Group, Inc. (GS) Strong 3Q vs Tough 2Q Comp; Reiterate Buy – Target to $240 from $215

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  27. Damon

    Fly:

    Manfred Mans version of Bruce Springsteen’s song was always far and away, the best one.

    I don’t blame you one bit for not selling, because:

    A) You hold (for the most part) quality names, that are still at decent values.

    B) All the market yahoos are about to pile into those names.

    C) A bunch of other mutual fund yahoos are about to pile into the market.

    E) How ’bout that GOOG?

    Wrapped up like a deuce, you know the runner in the night!

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    • Alvari40

      Totally disagree on the Manfred Mans version of Bruce’s song. Have you listened to Bruce’s version recently – classic east coast sound from the 70’s. Gives me chills to listen to Bruce’s original. American classic.

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  28. 308

    CSIQ
    Canadian Solar Inc. today announced that it has priced the sale of 6.0 million shares of its common stock at $15.75 per share.

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  29. kouchuu

    You’re dellusional. Oil/gas are not going up. Neither is the rest of the market.

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  30. jack

    I just bought DRYS today too! I posted a snapshot of my portfolio in my blog at thealchemist2012.blogspot.com

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