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
23,419 Blog Posts

FLY SLUMP OVER

I just got back from the mall at Short Hills, where ChessnWine, Mrs. Fly and I did some channel checks. Needless to say, TEA was the big winner. Additionally, we floated the idea of a special iBC seminar, hosted by Chess and RC. Obviously, such an event would be held in the financial capital of the world, NYC, in favor of a place where vagrants travel to lose money on spinning wheels.

As you can see by my positions today, Im on fucking fire. From RENN to GSVC to CIEN= pure, hot, fire. Things over at GSVC are only going to heat up, as their holdings in Twitter, Zynga, Groupon, Gilt, Chegg, Sharespost and Facebook mature. One of you idiots emailed me last week to “rescind” my recommendation on GSVC based upon their cost basis on GRPN. Let me remind you, your short positions in my stocks are not safe havens. You stand to lose a great deal of money and I will see to your head getting devoured by naked animals, in due course.

Do not be rude when visiting iBC. “The Fly” has the temper of a lit stick of dynamite. I’m liable to cut your collected heads off at a drop of a hat.

I hope you enjoy your weekends, for it might be your last. As for me, I will be dining at Michelin ranked restaurants, laughing it up with the 1%ers.

Top picks: GSVC, CIEN, RENN, NFLX, EXK.

UPDATE: I bought BORN.
[youtube:http://www.youtube.com/watch?v=wBHuTCrjm_o 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter

62 comments

  1. clegger_2000

    What attire would be appropriate for such a seminar?

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  2. genghis khan

    Fly- speaking of channel checks, what are your sources saying about ole fav MVIS (Microvision)? Appreciate any insight. Thanks

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    • The Fly

      no idea.

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    • ottnott

      There’s an easy way to determinine the status of MVIS:

      Step 1)
      Note that product improvements and new strategic partners/customers will allow product sales to begin in 6 months and ramp up rapidly from there

      Step 2)
      Wait 6 months

      Step 3)
      Repeat until company is delisted

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      • dave

        They had government funding. Good concept, but they have been surpassed by competitors.

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  3. HalfBloodPope

    Idea of a special iBC seminar, hosted by Chess and RC! I have been saying this for months. Oheka Castle would be a great venue and I know the owner Gary. http://www.oheka.com/

    Gatsby era dress manditory…

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    • ed

      nothing says “bold and refined” like copying a style from 90 years ago

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      • HalfBloodPope

        The fact that we copy the styles of old is suggestive of the era’s greatness.

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        • Blind Read Ant

          Rx pays. Looks a little too enclosed for me, but a great start.

          My suggestion would be CityCenter in Las Vegas.

          I can’t imagine freezing my manhood off in NY winter time.

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          • Po Pimp

            Baccara bar, Soi Cowboy Bangkok. Second level glass dance floor where the young lassies go sans knickers.

            Class with a capital ‘C’.

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          • Lurker

            Is this in the renowned Suhkimvit district?

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          • dchanko

            Baccara Bar, a fine choice. If I remember correctly the theme was school night on the glass fllor
            Or for those who tend towards more unorthodox proclivities, Ringside bar in Manilla, SEA at its fucked up best.

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  4. La Fayette

    short hills new money heaven. joe kernan hangout. woo.

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  5. ROFL Boned

    I got laughed out of town when I bought NOK at 5.75. The joke of the year is now 7.15 so all the jerkoffs can jerk off. Plus sitting pretty with QPSA, RENN, LOCM, CIEN. Ho fucking hum for a change.

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  6. twofngersneak

    iBC meetup at Zucotti park? Oh wait…

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  7. Marc David

    You forgot to add GMCR

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  8. alf is god

    admired your excellent display of trading
    patience this week

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  9. coin

    nice 1:30 born buys

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  10. Mrs.SteveTheNeighbor
    Mrs.SteveTheNeighbor

    Neighbors, Mr. and Mrs. Fly, please help my cutie pie Steve. He is still at Zucotti Park and I am afraid he may be giving up his dream of owning a hot dog cart near Central Park and he may not come home. The demonstrators at first thought he was a Zionist Banker but Steve convinced them he was a hippie and used to play drums with the Jefferson Airplane. Now, he is in charge of the drum line. My Stevie doesn’t know the difference between Grace Slick and Maxie Rosenbloom.
    I am afraid he will meet one of those braless shiksas. Steve, Jr. needs his Dad. I will bring over a thermos of my matzoh ball soup and you can give it to him.
    Thanks Fly. You are a real mentsh.

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    • Geoduck

      Just get started by serving free hot dogs to the homeless. It’s much more satisfying than trying to make a profit.

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      • Jakegint

        That’s some good shit TC, although I might argue with the spelling of “mensch.”

        You are the expert, of course… 😉

        _______

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  11. ALLPROz

    BORN to be alive…

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  12. flyaway18

    What is the traditional gift for your anniversary year? I always thought that was a cool tradition.

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  13. JTU

    Considering the Market’s tepid performance I still managed to squeak out a 1.09% gain today. Not really too bad at all. I was expecting a sell off today that never really materialized. This could bode well for further gains next week. Have a nice weekend everybody!

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    • Taco

      Sell off is imminent. Check the McClellan Oscillator daily chart for guidance.

      http://stockcharts.com/h-sc/ui?s=$NYMO&p=D&b=5&g=0&id=p64778654896

      Ride it two or three more days and then ride it down.

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      • MetalLeg

        Holy shit! Look at that McClellan Oscillator Daily Chart! It’s the deadly McOscillator! You have only a few days to live! *Run for the hills! *Run for the fucking hills!

        *Note: Make sure you wait 20-30 minutes to fully digest your Taco before exerting yourself.

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        • Taco

          Chug another gallon of your flouridated tap water and kill off that last remaining brain cell that made my nutsack twitch, will ya?

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          • alf44

            Ignore him !

            McClellan Oscillator is a valid, tested and trusted indicator !

            TY for posting !

            .

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          • alf44

            YIKES !!!

            What have I gotten myself into ???

            🙄

            .

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        • Taco

          While you pretend you are a God, I shit in your mouth.

          Eat, shit eater. Chow time for you.

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  14. La Fayette

    Hate to pour cold water on that TEA orange pekoe, but London is the financial capital of the universe. As such, a “seminar” there would see oolong poured into bone china at places like Browns Hotel or the Savoy with silver tiered platters of tortes (edible variety) and scones…but no one here knows what I am talking about.

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    • SUBCOMANDANTE CHINCHINILLA!!!!!
      SUBCOMANDANTE CHINCHINILLA!!!!!

      Lapsang soochong you arrogant French @&$&!?$&@.

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    • ruggyup

      Perhaps. You don’t rate The Fat Duck or The Grill,The Dorchester? Or, you can’t get a reservation?

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  15. Yabollox

    2.56% gain today– led by GMCR, gsvr, nflx, ziop

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  16. ChrisBrown

    has there been an update on your gorilla cocaine banana fingers options account?

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  17. La Fayette

    how the hell does Pimm Fox (sounds like a bad cocktail) get a gig on Bloomberg..the guy knows NOTHING about the markets…he’s like a feminine version of Maria B.- ineffectual, dense, and irritating as hell.

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    • A Dude

      Are you kidding? Pimm knows a hell of a lot more about the markets than you do, kid. I was on his show in Feb. and was more than impressed on how much he was able to glean about the solar market in such a short time of prep . . . think about how well you’d do having to cover every sector under the sun (I know, that’s a gay pun). He’s topnotch and a great guy and a true gentlemen.

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  18. drummerboy

    whats the pitch

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  19. Notice

    Fly, the quality of your commentary has gone way down hill. What of it???

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  20. alf44

    “Obviously, such an event would be held in the financial capital of the world, NYC …”

    Everyone knows that the REAL “financial capital of the world” is …

    Omaha Nebraska !!!

    Not as crazy as it might first appear !

    Thinkaboutit !!!

    .

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    • ruggyup

      Oh, stop it. Oslo, Norway. Whose Petroleum Fund saves the EU?

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    • alf44

      BTW, watching Game 7 of the “World Serious” as we speak !!!

      Rangers down 3 runs (2 to 5) to the Cardinals … 6th inning !

      Not lovin’ tha way this game is going ! fwiw

      Never give up … don’t EVER give up !!!

      GO RANGERS !!!

      .

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    • alf44

      Although …

      Although …

      Not hatin’ … “The Big Easy”‘… as a possible contender !

      World Class Food !!!

      World Class Jazz !!!

      World Class Hospitality !!!

      “Ragin’ Cajun Country” !!!

      .

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      • alf44

        What’s Not To Like ???

        I mean REALLY !!!

        .

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        • Po Pimp

          Other than being a below sea level, crime infested shithole, it’s not that bad. Hated even driving through that God forsaken city when I worked in the GOM.

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          • Jakegint

            You must have a meth problem (known for abrading the tongue and one’s sense of taste). There’s no greater agglomeration of restaurants in the States (perhaps outside of NYC and San Fran) than in the city.

            For the food alone, I vote w. Alf.

            _________

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  21. dave

    I’m sitting here watching ‘Twilight’ with my girlfriend. I’ve seen the parody movie ‘Vampires suck’ but never seen ‘twilight’. I can’t help but burst outlaughing at every scene because the parody is dead-on with how ridiculous this movie is. I’m not getting laid after this.

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  22. Vegas Trader II

    Anyone else having a problem with the ibc app on thier iphone? I’ve tried everthing and I’m not having problems with any other apps.

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  23. Wolfdaddy

    Yes mine has been unusable all day. I tried everything as well.

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  24. Vegas Trader II

    ok, thanks.

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