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
23,473 Blog Posts

The Great Semiconductor Rally Continues

Chess and I told you to get long the semis in July. At that time, the market was in the tank and no one wanted semis. Well, inside 12631, Chess has been pounding his African jungle drums on SOXL for a week, much to his subscribers delight. The PPT really likes SMTC here, as it tends to shoot higher following an OVERSOLD signal. Last signal was registered on 7/19. I want to buy it. Believe me, I really, really do. However, if I start buying one stock here, another there, I’ll be knee deep tech in no time at all. When you buy “just one more stock”, it’s like taking a gateway drug. It only leads to more consumption.

I am opting to miss out, even though I feel like taking out my guns to shoot bearshitters in the face.

Other stocks of interest to me are HSFT (small burrito with large short interest) and SFSF (big call volume registered today).

The essence of this blog is to enlighten you of the winship taking place inside 12631. Yes, it’s a premium service and yes you need to be a PPT sub in order to gain the right to subscribe to 12631. Just like other forms of industry, people should be paid for things they do well. Chess and RC do a first class job inside of “The Pelican Room.” Fellow members of The PPT should give them a shot.

Into the bell, I am selling more.

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17 comments

  1. JTU

    FIRST!

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  2. Trashed

    What do you think of WFR here? I’m considering pick up a shitload of Jan 13 $10 strikes

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  3. Bullish

    All the cool kids are buying “just one more stock”. Peer pressure.

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  4. Hammy

    Hey. what area did you guys end up moving after staten?

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    • Dr Fly

      I live next door to you.

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      • SteveTheNeighbor
        SteveTheNeighbor

        Welcome to the neighborhood Hammy. Mrs. Steve will be by this weekend with the welcoming basket.
        A few words of advice. Double lock your doors when Fly’s illegal Mexican gardeners are outside of their shed and NEVER ask Neighbor Fly about his lawn problem and never ask Fly about the fumes and smoke coming out of his garage at 2 AM. Also, old man DeLuca on the other side is hard of hearing so feel free to make fun of him. Fly does it all of the time.
        Welcome!

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  5. Hack

    Post their YTD results. Then we can see if there is any value added…

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    • Dr Fly

      The results are not being audited.

      Best you ask the hundreds of subs if they got value or not.

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    • Dr Fly

      It’s worth noting, I never thought of having results audited. I may do so in the future.

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    • Yogi & Boo Boo

      @Hack – Trust me, it’s like a MF money making machine inside. (Subscriber from day #1)

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  6. razorsedge

    holding steady today no buying or selling, but accidently knocked over my toaster, as i looked at it on its side i realized, u can cook 2 grill cheese samaches at the same time this way,,

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