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
23,430 Blog Posts

Plodding Along With A-Bombs

Most of my current positions are very dangerous stocks. They are illiquid for my position size, volatile, and have been known for taking deep dives into the crevasse of stock market sob stories, when markets misbehave. I hope you realize the skill it took to time my YELP sales. When selling YELP, I needed two things to occur: 1. the stock needed to be higher than $25. 2. the volume needed to pick up by a factor of 10, in order to accommodate my market orders.

Most people feel market orders are cardinal sins, maybe so. However, I don’t have the fucking time to micro-manage positions for a few pennies. When I buy a stock, I am committed. Why fuck around with pennies when there are dollars to be had?

I’m up 1.25% in the early going. I am fully invested, with just under 20% of my assets in cash.

Top picks: ALJ, RBCN, LNN, MOS

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35 comments

  1. lowoffer

    ALJ bombs

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  2. Marc David

    Only blogger I know that can just post a title and “developing” and get 30 comments.

    You rock Fly!

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  3. vking

    OMEROS …

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  4. Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.
    Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.

    Don’t look!

    But there it is.

    It’s up… it’s… it’s

    …the $WNR!

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    • Mike

      why the late sell off?? WNR went limp

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      • Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.
        Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.

        “Don’t be cruel.”

        “It could happen to you.”

        Elvis.

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  5. Mike

    no EXK?? when did you bail out??

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  6. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Come on EXK!

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  7. Jason

    An A-Bomb for A-Rod.

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  8. Moolahheaven

    Hail Caesar! Hail Fly! Long MOS via Jan ’14 60/65 bull call spread
    (People’s Tribune Moolahheaven)

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  9. Labia Loeb

    YOU ROCK FLY!

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  10. dick c

    totally liquid and plunging it all into the american amusement park.

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    • dick c

      and then, one. huge. dump. I set fire to the rain, neophytes!

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  11. Dick A.

    Full media occupation acquired. Prepare to launch.

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  12. The Fly

    LNN

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  13. Cascadian

    Cooperman has a ridiculous comb-over.

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  14. Dick A.

    Recovery starts in the
    east news wing, 3 p.m., ask for Shelley your nurse supervisor.

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  15. flyaway18

    This is the Costanza market, remember? As much as I like the precious metals, retail stocks are ripping. Seems to me we’re back to a stockpickers market.

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  16. vking

    The V.Kingdom is now open. Please do not leave a comment unless you are a “knighted” member…

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    • razorsedge

      v.kingdom come thy will be done…?

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      • vking

        Mr. Razor
        Please give me your best holding so I may decide if you should be anointed to Knighthood…also your max bench press…

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        • Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.
          Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.

          $WYNN sure thing.

          $MGM if you’re thinking longer term, willing to absorb 2012 risk.

          That’s manna right there.

          Merk z Record.

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    • Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.
      Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.

      From the un-radared cliffs of WynnsOr, where a proper 10:1 hwaut bebe ratio to males shall be maintained (excess males sacrificed to Oden-Owl), the mortal being aka Blind Read Ant, sole heir apparent of the Technocratic Oath, and knighted with Prince Albert of Monaco’s solemn debauchness (sic) and the Popi-Geni’s blessing… DOTH HERE…

      on M3, Sustainable, Conservative electric-soil DEMAND, V.King grant Sur Plationic Knighthood in the V.Kingdom!

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  17. Dick A.

    software sabotage detected on firefox

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  18. xxxHuggieBearxxx
    xxxHuggieBearxxx

    I own all the wrong shit…thats for sure.

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  19. OG

    Why did I buy BAC yesterday? Hmmm

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  20. Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.
    Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.

    BREAKING NEWS:

    B.R.A. says thanks for riding $GIS channel and divvy, enters $WYNN at $97 into $ 107-ish.

    Then will dump and pick up $MGM for longer term hold.

    Trade these and you may get caught with a tranny from the craps table (no homo).

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  21. enlightened1.

    As the saying goes… Penny wise, but dollar dumb… don’t be dollar dumb…

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  22. Mike

    6.3% today on ALJ…Fly is God!!

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