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
23,474 Blog Posts

Fly Buys: BORN, EXK, OPEN

I added to BORN in the low $14’s, EXK in the low $5.90’s and OPEN at around these prices.

Disclaimer: If you buy these stocks because of this post, the Fed will end QE and jack up rates by 100bps. And, you may lose money.

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43 comments

  1. FIG

    Oh shit, I bought these stocks. The end of the world is neigh.

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  2. discoordinated

    wow, right before Fed.

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  3. drummerboy

    the feds’ not changin a thing!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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  4. The_Real_Hmmm

    NANO ripping short tailed opossum tits today. That’s right, they have 27 fucking nipples. Almost 40% ytd.

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  5. xxxhuggiebearxxx

    you might have bought my EXK

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  6. Gmoney

    OPEN is god dam joke…u watch..u r going get burned in that stock if u keep messing with it. The business model sucks and the valuation is MORONIC!

    FIG

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  7. Trading_Nymph

    lol, Bill Gross is giddy like me to see if the new fed guys will have balls.

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    • Trading_Nymph

      they were right last night, they don’t have balls…not one of them voted against it.

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      • go2mars

        Obviously. They do what their shareholders tell them to do. Why does everyone think that a private corporation is out to help “the people”?

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  8. Taco

    Before you get too excited about precious metals…

    http://www.augustreview.com/issues/technocracy/carbon_currency:_a_new_beginning_for_technocracy?_20100125155/#

    Karbun Kurrency is a Komin’ to the USSA!

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  9. riggedgame

    Fasten your seat belts. This rally is in its 103rd day, and 100-105 days is a normal max move.
    It MIGHT hang on for another week – then SWOOSH- DOWN WE GO! Why am I bearish?

    1. Earnings comparisons will NEVER get better, Y-Y or Q-Q.

    2. Productivity will begin to DROP as workers are added – thus the current 15 S&P PE will drop.

    3. All kinds of turkey brokers and MF managers are bullish – witness the VIXX

    4. Wealth disparity is WORSENING – thus there are no buyers of stuff.

    5. Republican Obummer is continuing the budget-busting, pointless wars, and NOBODY including
    the Government is willing to spend on our collapsing infrastructure.

    We are in for a 3 to six month bear market – minimum 15% down, but more likely 30%.

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    • JakeGint

      You were doing okay there until you got to the socialistic nonsense about “wealth disparity.” GMAFB. Why would that have an effect on the economy?

      ______

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      • riggedgame

        Because the bankers, brokers, doctors, CEO’s, lawyers, Hedge Fund managers and
        media moguls have all the money, not leaving jack shit for the middle class.

        Thus there are few buyers for widgets – or cars – or houses – or “stuff”.

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        • DMG

          piker.

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        • Woodshedder

          Obama, is that you?

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        • go2mars

          But bankers, brokers, doctors, CEO’s, lawyers, and Hedge Fund managers all need assistants, people to mow their estates, etc. They provide jobs for people who can also buy stuff. Plus they themselves buy stuff that has to get manufactured somewhere. One of those big yacts for the mega-rich employ like 4000000 man hours to produce. And that’s paid hours. That’s a lot of employment. It’s not like the money completely leaves the economy to be stuffed down a hole.

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    • WTF

      2. Theoretically, yes. Practically, why would firms hire new people if they don’t expect at least the same productivity?

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      • WTF

        and don’t forget, it’s capital productivity in the economy which still has 3.7% output gap. long way to go before the former starts dropping.

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  10. go2pluto

    1299.22 – r u serious?

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  11. xxxhuggiebearxxx

    The Clam Strikes Back!

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  12. WTF

    I think Ben B is the best Fed chairman in history! I’m in love with his Nouveau Riche lifestyle!

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    • FIG

      He is providing the easiest money of any fed chairman in history. This easy money will eventually destroy the world economy, but in the meantime, live it up and maximize your profits.

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  13. FIG

    Fed will keep rates low forever now. They simply cannot change policy anymore. This is the biggest economic joke of all time. Keep rates low until all commodities get so high that no one can afford them anymore. I will hold on to ERX and DBA for a long time to come as inflation gets so ridiculous that half the population is on food stamps.

    The great thing about food and energy inflation is that people need food and energy no matter what. No job? Still need to eat. No future? Still need to heat the house and fuel the car.

    No more shorting this market for me. I am going all-in to ERX and simply letting it ride.

    It was fun trading with you guys, but no reason to trade when you can get 300% returns from an ETF over the next year by simply holding it.

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    • WTF

      Are you sure that’s a viable strategy? High prices entice producers to supply more. You know what follows after.

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      • FIG

        yes, that is true. Supply will not outstrip demand in this case because the main driver for higher prices is not demand, but currency debasement.

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    • Colonel von Ryan

      No use in talking to these guys, they would rather jack off in front of a monitor all day long making their broker and taxman happy for a measily 2% if they are lucky…

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  14. mick

    Thanks for silver pick.. I loaded up on AG and is doing well … thanks again for your insight

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  15. mustard seeds

    CLAMTASTICK!

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  16. Fly

    Gmoney

    Open owns top table, the euro version of open. This is not factored into valuation as it is a new valuation

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  17. Fly

    A new acquisition rather, regarding open

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  18. char

    so if you keep on taking from middle class how long canthe market keep on going less people to invest in funds etc not overnight what i mean long time selfish business bad

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    • JakeGint

      What do you mean” taking from the middle class?” Can you even define “middle class” never mind “taking” from it?

      How, exactly?

      Some of you people are truly brainwashed like a North Korean POW.

      ________

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  19. Fly

    I sold oxy, FYI

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  20. Fly

    Told you the correction was over and I told you silver was oversold.

    Fucking ingrates

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  21. mick

    fly… 10+% on ekx … is this beginning or profit time.

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  22. mick

    by the way Silver call was amazing….

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