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
23,449 Blog Posts

Easiest Quarter Since 1999

I am closing out Q1 up about 20%. I’ve told you, over and over, about my obsession with starting the year with gains. Well, I’ve worked about 2 months this quarter and find myself with more than 4x my 2011 returns.

After revving up the engines in late December, I decided to take profits in early February, chilled in cash; now I’m speeding again inside of my fucking space ship–abducting fuckers from 0hio and tossing them into outerspace.  I have a large amount of YELP ripping chest hairs to the upside. A more humble man than I would be taking profits here, preserving his coin for later use.

“NOW IS NOT THE TIME TO BE A PUSSY.”

I don’t give a shit that the stock is up 20% since my initial position. I bought more today and will sell it all when my favorite urinal shadow tells me to.

I bought some MAS today, due to my desire to have housing exposure. Those fuckers make kitchen cabinets, things of that nature. Since Mrs. Fly has a $100k kitchen renovation in mind, I see it as a good hedge against her superfluities. Also, I added to GLW. There is some shit brewing with GLW. You fuckers just don’t know it yet.

I sold out of EXK because I don’t like precious metals when the market is overheating.

Back in 1999, I was 23 making $250,000 per month, long internet stocks, first to show because my brain works better than others. Fast forward 13 years, I’m doing the same ol’ shit.

 

http://www.youtube.com/watch?v=9kpqCzTAF70

 

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26 comments

  1. Raul3

    Selling YELP now seems higly illogical. Adding, Bolzano. LNKD having a great day too.

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  2. Yabollox

    I’m guessing Mrs. Fly will not be putting in the pre-built cabinets from Home Depot.

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  3. Jeff

    http://reddragonleo.com/

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  4. J

    “Back in 1999, I was 23 making $250,000 per month, long internet stocks, first to show because my brain works better than others. Fast forward 13 years, I’m doing the same ol’ shit.”

    As an old boss of mine used to say in instead of good morning. Same old stuff, just a different set of numbers.

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  5. TeahouseOnTheTracks

    Fly … Your take on AIG?

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  6. Drewdog12380

    @Fly, in regards to GLW, are you banking on APPLE TV ramping up the industry.

    #gorillaglass

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  7. Greg

    250K huh How did you get into this business?

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    • Dog

      Correct me if I’m wrong but being on Wall Street is one of the only and probably easier ways to make that kind of money if you have a brain.

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  8. Fly Leech

    I’m feeling a little funny, think I’ll rub on a little VXX.

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  9. language dork

    Sold GSVC @ 20.00
    Up over 12% in YELP and, being a lesser man, really thinking about pulling that trigger too.
    Had a long talk with a 20-something about YELP–bottom line for him was, hey, lots of people review places and lots of people have really bad taste. Where does that leave it?

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  10. Bobby Boucher

    From a purely statistical standpoint, March is the second best month of the year for $RUT. 19 up (including 2012) and only 6 down since 1988 with an average overall return of 1.6%. Only December is better at 22 up and 3 down with an overall average return of 3.6%.

    April and May are tied for 3rd best with each having 16 up and 8 down since 1988. Overall average return in April is 1.8% and May is 1.5%.

    To paraphrase JL; “I always wanted to trade along the line of least resistance, so I was generally moving along with the crowd, the herd, most of the time … I was always hunting for the clues to the change.” I will be looking for VXX to carve out a bottom over the next 2 to 4 weeks and then a convergence of the 50 and 200 dma’s towards a golden cross as the signal to begin scaling into long vol and short equity positions whilst (sic) scaling out of long equity positions.

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  11. cashinIN

    Sold the yelp (nice pic) Bot some glw & ggox (spec on eband chipsets & 100G polymer mods).

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  12. Belly of the Beast
    Belly of the Beast

    In the small cap category, you might look at XPO, ASEI and HDSN.

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  13. THEosu

    Why ? Every fucking time you start with this junior high chest thumping we get our lungs torn out . Why ??

    A little humility or a warning that you’re
    comtemplating going off would be appreciated. gawdamn…

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  14. JoeyD

    What’s the difference between a quarterly bonus and a penis?

    You know that your wife will blow the bonus.

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    • ruggyup

      You and the editor should each decide what you want to be when you grow up.

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  15. Hack

    Thx for the YELP recco. Dumped MOS and GLW for a round trip ticket. Time to slip on some VXX, believe it or not.

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  16. Unchained

    Knowing Mrs. Fly has that reno in mind and you acting on that knowledge..

    Insider Trading? 🙂 🙂 🙂

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    • Greg

      IT was all in the pattern. PERFECT PATTERN on the weekly going into the end of the month.

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