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
23,464 Blog Posts

BEWARE OF THE HALLOWEEN SURPRISE

Take my advice: do not listen to people who do not have brains, for they are unable to offer cogent stock market advice.

The whole internet advice thing is getting a little old hat for me. Literally, I do not read a single blog on the internet. Everyone is wrong and it frustrates me to a point that I want to punch the said author in the face with a bag of dimes. Ultimately, this is a selfless project, talking to people who epitomize the definition of the word “ingrate.”

In recent days, I’ve been lucky enough to sell out of certain names, TriQuint Semiconductor [[TQNT]] , General Cable Corporation [[BGC]] , before they dove, mind you, much lower. Essentially, I am a lucky man, in real life and here on the internet. I attribute all of my good fortune to the vast amount of misfortune that was endured, by yours truly, earlier in life. I do not believe in comic book style fictional characters. However, I do believe in some sort of retarded karma system, where fortune ebbs and flows with a certain algorithmic harmony.

Seeing the market is up this morning, I am looking for ways to raise cash. With exception to Flotek Industries, Inc. [[FTK]] , all of my stocks are up. Basically, I want to avoid the ominous HALLOWEEN SURPRISE. So, with that in mind, it is of great importance to avoid the pending market correction. I want a triple digit return and will scratch your eyes out with a cocktail fork to get it, if I must of course.

NOTE: LCD sales are ripping in China. Think GLW. And, I am greatly interested in the concept of “mi-fi.” Think Novatel Wireless, Inc. [[NVTL]] .

Top picks: DryShips Inc. [[DRYS]] , Corning Incorporated [[GLW]]

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29 comments

  1. henryfool

    Man you’re making me question my Treat’s galore theory for the week!
    Damn you Fly.

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  2. Mr. Cain Thaler

    Kaboom! NOV bleads earnings, missed to the tune of 30%. Score one for the home team.

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  3. TheArtist

    MON….man.

    singing don’t worry….’bout a thing…
    cause every little thing,
    is gonna be alright.
    this is my message to you ‘who ‘who.

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  4. mrkcbill

    KD is donning his blue blazer again…and NR is wearing his Blue Tie…… these guys are talking shit again…always kind of spooky.

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  5. Yogi and Boo Boo

    Thanks, Fly. I’m getting a bit nervous here also. Too much of a good thing is still too much of a good thing.

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  6. Caligula

    Any thoughts on DRYS earnings?

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    • The Fly

      I’m going in.

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    • The V.King

      Here’s my thought on DRYS…stop being such a cheap fuck and subscribe to the PPT!

      It ain’t about how hard ya hit. It’s about how hard you can get it and keep moving forward. How much you can take and keep moving forward. That’s how winning is done! Now if you know what you’re worth then go out and get what you’re worth.

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  7. KansasFarmer

    Sigh. I held on to my BGC position… But I still have 4 different positions in DRYS from $5-6.4.

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  8. The Fly

    poof

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  9. The Fly

    wow, fascinating tape.

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    • KansasFarmer

      What the hell just happened? I was gone for like 5 minutes.

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      • j

        Yea, so was I.

        Is bac hurting the entire market? Dunno. If BAC is doing it the market may have it wrong. Operative word is “may”.

        BAC is going down because people are now concerned it may have raise more capital to replace the TARP repayment they are going to make causing a dilution. Morgan Stanley is saying $9 billion in new equity. They suggest past history shows that repayment requires around 20% of TARP.

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        • Teahouse On The Tracks
          Teahouse On The Tracks

          UUP rallied 18 cents from 11am – noon … that’s what happened

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  10. 308

    anyone see any news on EXM when the market turned? It went cliff diving for a minute…

    Mi-FI indeed Fly..

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  11. Woodshedder

    This is what happens when only computers are trading. Get used to it.

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  12. FTK

    We know where Fly will be tomorrow!

    Flotek to host special shareholder meeting
    Special shareholder meeting to be held in Texas on October 29 at 10 am.

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    • j

      Fly’s changed the venue. He called the CEO and told him to have the meeting at IBC website seeing we all own the fucking stock.

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  13. RNB

    selfless? LOL

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  14. The Flying Dutchman
    The Flying Dutchman

    The great fly, or “de grote fly” as we call you in the Netherlands, any thoughts on FTK?
    We are hittings some low levels today..

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  15. Confused

    Now I am truly confused

    You say this is a labor of love (I paraphrase) but isn’t it really instead an attempt to build a subscriber base of lemmings? If it was a labor of love why would you be charging for the great PPT?

    Second, you say you believe in karma, yet you treat your readers like shit, so if I were you and I believed in karma, I’d be thinking about why “I have an ego that cannot be contained by the internets

    My sense, is you have many more lessons to learn, “buddy”, your self aggrandizement without substantiating evidence points to that logical conclusion

    Peace!

    Hey, no hard feelings, identifying the inconsistencies in your posts gives me some perverse pleasure even tho I dont know you

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