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
23,466 Blog Posts

Hard Pressed for Luck

Well, the stock Gods do not favour me at the moment. Everything I’ve done over the past month has resulted in one giant circle jerk. I ended up break even to flat on some of my larger positions, like TDC and BID, but down slightly on the others, like GLW and MAS. At the present, I am holding this piece of shit YELP and cockstar CPST and a newly minted WNR position. I have about a dozen stocks on my “to buy list”, but will exercise patience before buying. Sometimes it’s important to know when you suck dick, in order to start fresh, clear the cobwebs from your brains.

As for me, I’ve concluded the waters are poisoned by Spanish fuckers, drunk off sangria, living off the tits of others. This new version of “fuck you, you’re dead” is very troubling to me. I don’t like the idea that the entire financial system can melt down at any moment, without the explicit help of central banks. Think about that one for a minute.

It’s nice to live in fantasy land, as long as the fucking fantasy exists. When the facade is removed and we are able to see the ugly bitch that is the financial condition of all western nations, on the verge of insolvency, we will not like it. As a matter of fact, we will not like it one bit.

Until that day comes, stocks like CRM, CTXS, and a host of others, should continue to do well. I like RAX, TEA, IPGP and even CTRP down here. I am tempted to buy a fuckload of stocks , so that I may attempt to retake lost coin. But experience tells me I need to shut the fuck up and take a day or two to get my head straight.

 

http://www.youtube.com/watch?v=2ThJ-kqPiCo

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47 comments

  1. TMoe

    go eat a sandwich

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  2. donker

    glad to see CPST back, u really in that for the long term?(10$heh)

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  3. Clegger_2000

    $SXCI performing egregious moustache removal.

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  4. acehood

    Tis but a flesh wound. $TEA and $SODA shall cure your ills, sire.

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  5. Mike

    CPST and AAPL……….

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  6. TMoe

    YELP getting bitch slapped

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  7. bigpun2012

    I love fly but all you are bandwagon followers.

    Have you all even listened to conference calls? Read annual reports?

    Y’all just sit here and expect to make money off another persons idea and hard work.

    Kinda disgusting actually, most of you guys remind me of Spanish kids sitting around doing nothing but expecting the world.

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    • Dr Fly

      There isn’t a reason for you to be so rude to everyone else. Plus, it’s entirely untrue. The vast majority of people here are independent thinkers.

      Let the hate go.

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      • bigpun2012

        sorry fly I know hate isnt good but I deal with people like this in real life too. Asking for some HOT stock so they can retire at 30 and eat cheetos on the beach.

        I admire you though cause you only say what you do. People that blindly follow anything without research , knowledge or a working thesis suck though.

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        • Altar Ego

          You are a bit self-righteous and judgmental, don’t you think?
          This is a stock forum, not a brokerage house–people share their ideas, but in the end, they risk their own money and take their own risk.
          Sorry we all can’t live up to your standards of investing…

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    • Montrose

      Bigpun, you must be a mind reader to know so much about people you’ve never meant.

      Too bad you’re not a pre-cog also, then you wouldn’t be inhabiting a stock board bothering folks because you’d be rich and off on a beach somewhere eating Moon Pies and RC Cola.

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    • Peaches

      We all deal with people all the time. Button your shirt up, fix your tie and wipe all that sweat off of your forehead. Oh, and do more research, Atlas is getting knee surgery as we speak.

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    • Stack

      Pun would never say “y’all” like someone from the dirty south. Come correct.

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  8. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Welcome to my world of 2012.

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  9. Mike

    funny..I dont see where Senor Fly has any apple…and to dip my toe in the CPST waters and say a follow blindly is a bit overstated is it not?? Mind your business

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  10. heaterman

    And speaking of independent thinking, the commentary held in the link below is very interesting in a global sort of way. It gives insight as to what the long term thinking of the “powers that be” are planning and trying to accomplish with all this printing. Clues for the future are contained in it if assumptions made are accurate. For example, what if Iran wins the chess match and forges a new currency or trading method for oil other than the US dollar? The loss of US hegemony in the oil market would pretty well spell the end of things as we know them right now.

    http://beta.fool.com/peterpham8/2012/04/18/dangerous-game-between-iran-and-us/3714/

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  11. The Fly

    When trading gets tough, tempers flare.

    Remember it’s all bullshit, stupid paper with ugly faces on them.

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    • drummerboy

      lol pretty much”eyes without a face”.just as it should be.

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  12. Mark Zuckerberg

    Hi Fly,

    Its time for you to pick up DANG and RENN. I am in the process of negotiating a buyout deal with them.

    Zuck

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  13. ShithouseOnTheSidewalk
    ShithouseOnTheSidewalk

    This tape is fucked up. BAC blows away estimates, jumps +5% in premarket, then falls to -1% after the open? And AAPL drops 2% just for the hell of it? WTF? You could play both sides of this market against each other and still end up a loser.

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  14. Caffeinated

    Instead of a sandwich I consumed my first Doritos Taco Bell. I feel so dirty and ashamed.

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  15. TeahouseOnTheTracks

    Fly … In case you haven’t noticed, CPST CEO on CNBC @ 5 pm.

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  16. Eithan

    Just to understand why do u like CRM? because I think its u who said that shorts are usually right and the short float there is 10% while VMW which to me seems more profitable with 2% short float

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  17. xxxhuggiebearxxx
    xxxhuggiebearxxx

    This is a disaster.is i

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  18. Top Gun

    93% cash now…let the tanking carnage begin. You know the old saying: Sell in April and go drink sangria in Spain. ¡Viva la vida!

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  19. Mr. Cain Thaler

    If Moober were here and not on Twitter, he would probably say “Code Brown”

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  20. Mike

    thought it was sell in may and walk away?? Im all fucked up!!

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  21. Yankeedog

    The CEO of CPST will be on Fast Money today at 5

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  22. noodle

    I have concerns that YELP will get tvixed, as the warning signs I was looking for are now happening.

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  23. echizzle

    GL dub is about to go higher. The chart looks like money in the bank. It’s double down time on gorilla and lotus glass.

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  24. Cascadian

    Raising cash position. Sell the boring shit, get ahead of the “sell in May” folks.

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  25. drummerboy

    since i cut loose my calls on dltr, the o/i increased hundred fold in 2 days.anyone holding the may hundos, be careful, ex day is coming, and it will drop some. when it does, so might the aug hundos. thats your buy signal.i have an ongoing thesis for this puppy.getting into the aug, and out 2 weeks into july, holidays will be over,and so will it have done the hundo roll right after this front month,giving your hundo’s for aug, an easy double.

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  26. etftrader

    Did you hear Najarian give a shout out to “the REAL Fly” on Fast Money re: CPST?

    You come a long way since the days of flyonwallstreet blogspot…circa 2006.

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