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
23,474 Blog Posts

Enjoy the Appreciation

My position has improved a great deal from yesterday, led by gains in YELP, NXPI, NUAN etc. But I am sorry to say, this respite you are enjoying here, in the middle of the desert, is all but a mirage. You are drinking flutes of sand, not champagne.

The good news is TLT is getting crushed. The bad news is industrial related names are still down.

Now if you believe this market will head higher based upon the caprices of SODA short sellers, be my guest and buy more. After consulting with my favorite urinal shadows, I’ve concluded there will be better entry points than now.

Enjoy it while you can, for the Gods of wind, thunder and lightening will strike you down to ashes next week.

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12 comments

  1. jb

    Hi Fly,

    What are your thoughts on WNR? Strong today.

    Thanks!

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  2. bg

    Thanks you for the missive Mr. Fly- we proletariat are appreciative your input

    Sailor

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  3. Yabollox

    I appreciate it.

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  4. Patrick

    Wanted to buy some puts today but not doing it. Feeling like a coward now.

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  5. noodle

    Indices are trading like this was a holiday. I’m the same thing, a brief respite before a drop next week.

    I’m wondering what you would want to see to get long EXK?

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  6. the boost

    Any more bad news and the s&p will be higher than the Dow…just my view from up here in the heavens…

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  7. razorsedge

    I have come to the conclusion that dryer lint is the cremated remains of all my missing socks. have a good weekend!

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  8. mickeyd

    It is irrelevant voting for or against what you do. Just do what you do..because frankly as someone once said, nobody really gives a damn from one day to the next. Nobody is keeping track but you. best of luck. the world is not against you…

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  9. Aileron

    Until that bond market breaks to the downside in a hard way and yields jump … believe nothing …

    Sucka’s the first ones in after a 30 point jump. Specially’ on a Friday

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