Today I was tempted to drift off the plantation of prudence into the hookers den of chinese burrito stocks. There are so many that look so good, infecting my brain with visions of outsized gains in short periods of time. In my head, I saw myself doing 125mph on the FDR, while texting my trader to sell 500,000 shares of some devils stock for a two day 35% profit. The reality is, as documented by my accountant, chinese stocks represented 35% of my losses last year. Let me say it again: chinese stocks represented 35% of my losses last year, spearheaded by the animals who run BORN into the ground.
My Grandfather used to say “son, if it sounds too good to be true, it’s a fucking god damned lie.”
RBCN was a legacy holding, as well as LULU, DECK and all of the other shit on my books now–sans FOSL and MTW. I am now within 5% of my all-time highs. When I hit it, I intend to sloooow down and get real methodical about my buys and sells. This means I will be tossing bowling balls at your heads from my limousine, instead of my chopper.
On the subject of decorum and how to behave while on iBC: some of you are not welcomed here anymore. Let me remind you–yet again–2012 is a charitable year for iBC. I intend to give you money, via contests, and the bannings will be held to a minimum. In the past I’d look at names and simply dislike them for their spelling or get pissed off at a particular state, like MN, and ban everyone in sight. Not in 2012.
If you have an issue with Capitan Fly, take it up with him in the comments and get eviscerated in a public fashion. I am up for it and will keep a stiff win-rate of 100%–trust in that.
However, I will not tolerate trouble makers in my house. Many of you are poorly bred and do not know how to behave amongst gentlemen. For the love of Rick Ross’s big fat face, respect your fellow pleb and keep the hate speech down to a minimum. iBC is a beacon of truth in a sea of lies. This is the Constantinople of finance and the barbarians are firing catapults at our gates. I will not tolerate ignorance and will exact the harshest measures against trespassers, such as melting your fucking hard drive to the ground.
I have a dozen hackers–with nothing to do–willing to send your PC back to Staples.
Enough of the unpleasantness: rejoice in this most honorable melt up and remember to take profits.
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I’m with you on that. This is definately the year to stop losing money and start making money.
Fly what the fuck is GSVC’s deal? There doesn’t appear to be any interest in it whatsoever. Do you think it would be smarter to just wait for Facebook to announce their IPO date and then start buying GSVC?
I think GSVC should be accumulated now and sold 1 day before FBOOK ipos.
They will easily raise the money. These type of deals are very easy to close, since the money is being used to invest and not maintain operations.
Appreciate the comment.
Thought you might want to add this to your TEBOW 3:16 thesis:
http://boston.barstoolsports.com/random-thoughts/no-biggie-just-a-halo-over-mile-high/
The readers take you with the seriousness of a maggot. One who buys TEA, VXX in 2011? Lol
ROFL
LMAO
Maginot
I am glad you mentioned that, since I have never bought TEA. If you would trouble yourself by referring to my article on TEA, I mentioned the possibility that the stock could fall precipitously from current levels. That’s exactly what happened and I never bought a single share.
However, as someone who has vast experiences in investing, you should know that just because the price of TEA’s stock is down doesn’t preclude it from becoming a viable business. I ask you to further research big ideas and big winners of the past and learn their trading patterns when they were in nascent stage.
As for VXX: regrettably, I made one VXX trade in 2011 for a marginal loss. Sadly enough, I haven’t figured out how to trade at a 100% win rate, like you, as of yet. But I am certainly working towards that end.
Pray tell me, what are you buying or selling now?
This is an instant classic.
Sarcasm classic indeud!
Sir … I expect to get the same (or more) leeway from you in the future when I may … ah hem … may … find my mouth veering wildly out-of-control … and sayin’ things that might be construed as … well… objectionable !
DEAL ???
.
But of course.
You are all safe from banning.
KEWL !!!
Well then … KISS MY ASS !
—
Kidding of course !
Loveyasirfly !
—
Here’s to success in 2012 … LONG or SHORT !
Let’s light this candle !
.
I must admit….this is probably your best commentary yet. u fucking KILL ME 🙂
I get that a lot.
Only it’s usually the last phrase uttered by people he’s just slain with his orbital space cannon…
Do you own a fractional interest in a Pilatus PC-12? You do not. Do you own a Swan 60? No, you do not. Take it down a notch.
Long, $SIVB, $AMZN, $PM, $MO, $KFT, $GOOG, $AAPL.
Interesting, since I am the sole inventor of the SWAN 60!
Why does the USAF buy aircraft from Switzerland?
Because America is no longer a sovereign nation.
Ha shamrock, slow down with the fractional interest of your turboprop big hitter.
I just love fly’s writing!
On the topic of Chinese burritos, I agree, there are quick profits that can be made on them. I sold a position I had in KNDI today at $3.74 (not the top) that I picked up at $3.02 on Jan.4 for a 24% gain in 6 days! I would be a buyer again at below $3.20.
That’s what I want to do too.
Fly wishes to buy something like KNDI, say 500,000 shares at $3.02 and sell it out at $3.74, while hangin’ with gorillas on the needle part of the Empire State building.
Batting the shit out of Sopwith biplanes, whose fractional interests are held by random douchebaggerie of the leprechaun-y persuasion.
Does anyone else out there get ever-so-slightly preterbed when Cramer loiters for 30-45 minutes prior to the opening bell on CNBC?
He knocked DECK down $2+ bucks Monday morning, with a comment about 10 seconds before the opening bell about it being a stock not to hang on to.
That is fine and well during his “Mad Money” program, take it all with a grain of salt and do your homework.
Not as a quasi-journalist, during market hours standing next to real journalists,(like Mark Faber, etc.)
This is just wrong, inmho.
Check this video out of Cramer seriously advising how to manipulate stock futures, and then trying to kowtow to Jon Stewart (class act)who is having none of it.
http://exiledonline.com/cnbc-scams-america-again/
Cramer is just wrong in general, but preterbed? Is that a self-described bed owned by an illiterate named Peter?
A game.
http://www.youtube.com/watch?v=w2tD3uDqEUg
where are all the bearshitters? awful quiet around the ibankcoin empire the last few days.
What about me??
I am taking up a collection to have Rick Pitino sent to Brooklyn for “re-education.”
For a few dollars more, I will throw in the scruple-less expedient solid-bone heads, Newt Gingrich and Rick Perry…. for their attack on private equity investment.
Screw them.
__________________
Look at how cool Deckers expanded footwear line is:
http://www.uggaustralia.com/new-boots/women-new-arrivals,default,sc.html
This is the stuff women love.
it is too fucking quiet. got that calm before a shitstorm feel.
was at a famous SF fishermans wharf eatery over the new year. really cool layout with well poured drinks and a friendly staff. but the food was dogshit. not that it mattered our party just wanted to catch up before gettin completely fucked up later on. it was peaceful.
bein foodies my friends order some clam bonanza appetizer. fucking clams in numbers. many clams. there were exactly seven clams that didnt open or whatever the term is for such an occurence. been thinkin about those seven clams.
Ok
if they dont open,you dont eat.they were already dead when pulled from the water. thats why they dont open so you dont eat em.it’s natures’ way of sayin.
……Scintillating…..
if your friends were foodies, they should have had more sense than to try eating anywhere in Fisherman’s Wharf
China has been all giddy cuz they think their Govt is going to give them something before the holiday, which lol, instead they are cracking down on inside traders..no RRR for you china, when they cut RRR foreign hot money splits and they can’t let that happen….ah, Fly..spelling? ouch. I must really upset you, I am so word blind.
Why the Fly would even think about Chinese burritos is beyond me.. I mean there is a certain mystique about getting your ass kicked by Bruce Lee instead of Chuck Norris but IMHO round eye peeps with big white cocks in hand like to think they’re going into battle with Leslie Chow only to discover Bolo Yeung showed up…
http://www.youtube.com/watch?feature=player_embedded&v=WH_a0cGVRmI
he’s got the mannerism down cold
LULU over 50 p/e? Short to fill gap.
Want some RICK ROSS?
Go here: http://www.youtube.com/watch?v=lQkGgYhUaqo
speaking of foreign devil stocks, how ’bout that BORN now? After this morn’s 25% pop, it still trades at 0.25 2011 revenue. yep.
Some serious wontons being coolie hatted towards CMED.
Sold USG @ $13.04 (In @ $8.27) for 55%+
lol, I was in BORN with a bunch of PPTers when it shot up… I then realized it was a chinese stock (somehow I missed that earlier), I sold it instantly: got lucky, made some profit just before it all went to hell. just random good luck (I had plenty of random bad luck, nice to get lucky for a change).
look at it today 🙂
Does anyone know what is happening with MOTR? The price action is very strange.
MTOR looks better
Ridiculous, all this for a pair of shoes that aren’t worth more than ten bucks.