I am about 40% cash, following today’s sale of HDGE. It was a small profit, nothing to write home to mom about, but a profit nonetheless. Breaking with tradition, I intend to drink some wine tonight, in celebration of a job well done, with regards to the market. It’s important to celebrate success and to lament failure. Subconsciously, it will drive you towards competence (no Pavlov).
My ALK position is approaching 10% of assets and YELP is now upwards of 32%. The higher the stock goes, the greater the weighting. There was amateur hit piece on YELP, published on SeekingAlpha yesterday, which was distributed by Yahoo finance (shame on them). The owner of the site reached out to me on Twitter last night.
Have a look at the conversation.
I am not mad at the person who penned the YELP hit piece. We all have opinions, and for the most part, they should be shared for the sake of documenting intellectual theory. But, I believe widely visited sites and media outlets have a responsibility to vet out garbage; because bad information is often pawned off as “news” and misinterpreted by people who are too lazy to conduct their own research. As you can see, the owner of the website belittled Yahoo Finance, yet YF is by far the most dominant website in finance. It is a sign of piercing disrespect for Yahoo finance. Since they do not respect their brand enough to vet out “interns” and short selling con-artists, who use their site to manipulate stocks lower for the explicit purposes of profit, the “interns” and con-artists treat Yahoo as they deserve to be treated: like shit.
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The Fly is God.
Hat tip Drewdog12380 – lol…
Yahoo sucks. Not just the Finance section. Everything about it is second rate. When they decided to keep you logged in for two weeks, I knew they were in trouble. It starts at the top. Every past iteration of management has sucked balls and it shows in their product. I can go on and on but you already know.
Fly, make sure you wipe iamwallstreet’s smirk off his face, 80’s limo style. He doesn’t even deserve cold pizza to the face.
What a crazy ass day in ZNGA today. I guess it’s always sell the news just like APPL.
The one nice thing about yahoo finance is their years of historical data for free, otherwise why would you even visit?
Agreud – and can be dl’d to excel – but that is the only reason to visit.
Yeah when you give raises to the board, lay off employees all the time… You sort of don’t care ya know?
I might add hire pirates as Chief Officers (See flippant Bitch Bartz).
Haven’t read SeekingAlpha in a long time. Writing and analysis was inconsistent. Now I see why. Interns writing pieces to get noticed in between fetching coffee and donuts for “iamwallstreet.”
This site has always been much better on that score. Making the tabbed bloggers relatively less prominent than they had been and rewarding other posters for greater frequency has been a change without improvement. Even if they post less frequently, RC, Woody, Scott, AWOL Jake, Cain & Chess always write the best stuff. They have credibility and contribute overall quality to the site that some of the recent posters don’t.
Still the best site of its kind on the internet, by far. You’ve made a great thing here. And the algos behind the PPT will someday rule the world.
Reformed Broker is pretty good & funny, too. Hedgeye is a one not blowhard. ZeroHedge is very smart, but reading him reqularly makes me want to kill everyone.
Sorry. Keith is a “one-note” blowhard.
Want to get it right as I’m sure he’s reading.
Actually believed people did their homework here. Here’s the bio of the guy whose “intern” wrote the yelp shit:
My name is James M. Hartje, I am current CEO of Stocks on Wall Street LLC. I am also currently studying both Economics & Political Science at Arizona State University. I originally founded StocksonWallStreet.com in 2009 with no real intentions in mind other than being able to share my passion for investing & the capital markets. I originally began trading stocks at the young age of 12 years old. I originally decided to open up a Brokerage Account
& invest my Christmas money & see what I could do. Luckily for me, I had instant success as at a 12 year old I had no patience. In fact, my first three years I produced gains of 56%. 89%, 74% respectively all which only furthered my love & passion for trading & investing.
I have no idea whether his “intern” wrote a hit piece or not, but this is the guy who became a seekingalpha contributor and thus became the cover for the intern’s piece.
Fucking vet your sources best you can is all I’m saying. Nobody else will.
Anton
He did not fucking write the article.
Fly
I know. He’s a student at AZ State who had an “intern” for his “company” do it.
Your point?
The kid is a fucking moron and is inducing others to short sell yelp based upon bad research, using YHOO finance.
His point is the intern who wrote the piece works for some kid who goes to school at ASU. Student at ASU?
LOL I love it.
Agreed. IBC is the absolute rule when it comes to honest market takes by actual traders. The teevee and internets are a massive pile of shit occupied by retarded analists and snakeoil salesman that do not trade. Fucking clowns selling lies.
Fly, I was wondering what your opinion is about King World News? Do you find them credible or are they just full of shit pumping gold and silver?
just my opinion. I like the site. I’ve listened to their interviews for over a year. Some interviews are good. I agree with them in the long run; but they are not traders.
James Turk has called like 10 bottoms (ok 5 or 6) in the last few months. wrong x 6. Shut up already. If you don’t know how to time the market – stop making stupid/wrong predictions. Ben Davies has made some accurate timing calls. Not that it matters to me, I don’t have time to trade short term. With PM’s I’m just accumulating until the “We Buy Gold” stores start advertising that “We Sell Gold” & until the gold silver ratio goes to 15 – 20.
Just understand that you’re not going to get dissenting opinions there. Which is fine, as long as you understand that it’s one sides’ opinion.
Dude with all do respect YELP will come back down and retest the 14 dollar range again before it goes up… it might even go lower.
Banned
This says more about Iamwallstreet than Yahoo Finance. The douche said that if it was WSJ or FT he would worry – why? Doesn’t he stand behind the garbage that comes from his shop or is “all publicity good publicity?” That admission alone suld be enough to get them banned from your Favorites list. Just another reason to stop reading financial info on the internet…except for Senor Fly (sound of lips smacking butt cheek).
fracking based oil boom is going to send all commodities to the bottomless pit and the S&P to 1800 by December…mark it. this includes metals. history is about to repeat itself…study oil and the hockey stick pattern.
Neither you or me have a crystal balls (no homo). I would remind you, “SS”, that giving a sieg heil that silver will tank may be premature.
While you can have your opinion, you can’t choose your facts.
Isn’t it interesting that the “long forgotten” MF Global BK filing has gone out the memory drain.
If you followed the story, the underlying contracts concerned silver.
Further, many similar underlying contracts were hypothecated by JP Margin, who, INCIDENTALLY, just announced their to $2 billion +++ filing as they’re SEC duty bound to disclose.
Further. CME has been liquidating their physical buildings and “down sizing”, is there a connection there?
Why would CME seek to leave Chicago for Miami? What connection does ICE have in the trade? Is the NYSE really American? What will Germany, who these markets, decide for us?
Nothing above is not widely published newsworthy information. All these are, “material”, facts.
Unless you know something that your conscience exhorts disclosure, you’re just some random shit talker. A pauper, well dressed likely, holding your master’s bag.
Please continue to tell and clarify your bias, won’t you?
Papa bear demo Corzine still gets a pass on all that.
Looks to me like EXK and the rest of the silver sector is about to shit the bed tomorrow. Multi-year support is about to break, and I figure silver drops down to $18.
That translates into EXK at about $4 in a week.
Just shut the fuck up. You idiots multiply.
Dude has interns writing for him. Very impressive! How could you ever trust anything written with his name on it? Prolly written by some college kid in real life.
This is why I love how your brain works. I, too, didn’t take exception to the porous rationale. My biggest beef was how poorly written the article was. Horrific writing.
But he’s studying at ASU!!!
Yahoo Finance used to be a valuable franchise. But just like everything Yahoo has done in the last 15 years it’s all gone to shit now.
This is why I hope Stocktwits kicks their ass someday soon
But they need to put the charts back up
Seeking Alpha is an interesting site. I have published over 100 articles over there but I have to say that their selections on which articles they publish are sometimes strange.
They do edit the content of the site though in case your interested curious Fly. I was a gold level author over there and I would say they published about 30% of what I wrote.
However, there seemed to be no consistency with what articles they chose to publish.
Sometimes they would pick a macro economic piece and then other times they would publish one of my lunatic rants.
Funny place.
Yahoo is one big shit show
what to do ? what to do ? never mind …wouldnt want to voice an opinion
you forgot the part where he asks you to partner and you tell him to fuck off
I see that more of offering a truce and being nice, Fly sure showed his lack of maturity in being a PRICK.
Prick is the right word here, FLY you are a fool. To each his own learn to grow up.
Did your mom teach you the word “prick” referring the John she thought WAS your dad?
I didn’t know YHOO finance was still in existence.
MarketWatch should be on your shitlist as well. Could be the recent crop of J-school grads are worthless at finance and writing..
So does the Stockton, CA news bode well for stocks as an alternative to the bond market or as a warning of deflation to come?
Does a neutral initiation for FB bode poorly for the entire space, fly?
Eddie Here, Fly I have lost a lot of respect with the way you have handled this whole debacle. If I were to analyze your writings I think there is quite a lot I could come across that ultimately SUCK. You have shown immaturity and the inability to be mature about any of this.
Lost a lot of respect, never coming back to this site again!
Is this seriously become a post? You have nothing better to write about? Lost respect for this site and Ibankcoin as a whole.
who cares what you think?
There are 100 posts per day on ibc and you obsess over this one?
By the way, the same person is posting the same critique.
Here’s the IP to prove it.
50.131.167.228
Oh, and he’s likely the owner of that HORRENDOUS YELP piece, which made the stock trade up today.
I love this site more than anything.. It is a strange sense of fun to me. the blog battles rock
Why so angry fellow? I tofollow both sites and I see no reason to be in such a stupid, petty argument.