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
23,468 Blog Posts

Temptation

It’s so hard to go to cash. I look at stocks like CTRP, WHR and NFLX and dream of the potential upside and how it would please me if I were to be long during an epic run. I fashion myself to be something of a sage when it comes to stocks. People tell me things, supernatural shadows at my urinal, to help advance my purpose here on Earth. This may sound way out there, bizarre for some of you, while others may simply accept it as normal activity in a life of a space alien magician.

There are rumors floating around, regarding imminent downgrades of European sovereign debt. Because of this, amongst other things, futures are lower–pointing to a profit taking day. Let there be no confusion: we are overdue a 3-5% pullback. I will be hard pressed to buy anything today and may even sell into weakness.

Temptation to buy dips and make bold market calls dominates my person and has helped me make phenomenal market calls as well as abhorrent ones. This is not the time to be brave, with the euro tanking and treasuries lifting off. The downside risk is too great, following such a run, to buy after a small pullback. I will be waiting for The PPT to go OS before I buy again.

UPDATE: I sold out of FOSL for a fucking win.

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37 comments

  1. Good Shepherd

    well done

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  2. riggedgame

    Nuts to you all from DMND and the Feds.

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  3. ALLPROz

    The urinal forecasts make sense.
    PPT’s = PeePeeTerrestrial?

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  4. The Fly

    Sold FOSL, effectively fossilizing gains.

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  5. drummerboy

    if they down grade germany the trade war will begin.so,they are gonna down grade euo-zone and then say all except germany pfft. what ever way the dax goes on a daily basis,so do we.red or green, doesnt matter.

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  6. Will I Ever Win?

    Fly, it appears my account is negatively correlated to yours. When you are up 7%, I’m down 7%.
    The year you made 90%? Yep, you took that from me.
    I only come here to fossilize the pain.
    One good thing about my trading though is that it’s pretty darn simple. Each day I climb into the ring to face Tyson in his prime, run like a jackrabbit, but the Snarling One always nails me in the end.
    Why do I do it? Everyone asks. Well… it feels damn good when the pounding stops.

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  7. Bill Johnson

    No FOSL for the $100 roll?

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  8. drummerboy

    happy friday the 13th.

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  9. Yabollox

    The ‘airline pilot’s” investment plan (as told to me by an airline pilot friend) 1st you invest your money, then you re-invest your money, continue to reinvest your money until it’s all gone.

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  10. Halfbloodpope

    With all this $FSL talk, birthday upcomming, and lack of a quality timepiece I am looking at Grand Seiko. Any opinions?

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  11. TeahouseOnTheTracks

    I sold out of GGC for a fucking win … in at $21+/out at $33+ … 50%+ gain.

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  12. locobbb

    thanks to your help Sir Fly im up 16% on this year. i do feel like a total pussy selling and not taking a punt on more upside. at least its now locked in

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  13. usowrongagain2

    Time machine must have a glitch b/c u just lost your nuts in DMND. Typical call like DECK etc. Good to drop in once in awhile to grind a little more obscene insanity from your agony. I just hurt for those stupid enough to take you serious!

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  14. Caruthers

    Got into NFLX ~91 yesterday. Fuck the shorts.

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  15. usowrongagain2

    Johnny Cash singing in the background of DMND chart: “I went down in a burning ring of fire. I went down, down, down proving the Fly is a liar. And it burns, burns, burns…”

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    • drummerboy

      people are gonna wish the day they had a nut. and on that note, i’ll do a chuck berry tune, that encumbers said nut………my ding-a-ling. brass nuts lead to gold nuts

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  16. JTU

    Picked up a small position in DMND @ 29.15. I’m sure it won’t be the bottom today and it is highly speculative especially with the impending European downgrades that might happen later today.
    This is a roll of the dice!

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  17. Blind Read Ant

    Excellent WYNNship Chief.

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