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
23,471 Blog Posts

IT’S BURRITO TIME

You know my risk appetite is extreme when I start buying Chinese burritos aka “pinless hand grenades.” Do not worry, small plebs, the position size is small and cannot hurt me, even if it went to $00.00.

For the day, I broke even, thanks to profit taking in ag related names. Today was a big tech day, which is why I started a position in RFMD.

I sold out of two laggards today: RBCN and DMND. Both stocks were trades that took too long to materialize. Instead of making them emotional trades, I cut them loose and carried on.

Bottom line: I am indeud going to win in grandiose fashion. There is nothing you or your stupid friends can do about it.

http://www.youtube.com/watch?v=YiYnfn0kyK0&feature=related

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32 comments

  1. Marc David

    Hi Fly

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  2. clegger_2000

    We want you to win. We want US to win…

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  3. D'angeli

    Sir, I take offense of being called pleb and I wish I can throw the glove at you and challenge to a duel!

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  4. Gary

    buying the high is a losing proposition….

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    • chainsmoke1

      Unless, you sell higher.

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    • razorsedge

      it depends on what kind of high your buyin, john denver bought the rocky mountain one seemed to work out for him, well till bought the other kind of high, kinda let him down.

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  5. tyler

    michael

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  6. tyler

    what do you think about uranium? eh bud

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  7. rru2s

    While the speculation of what can go wrong at most American companies follows Occam’s Razor and is likely to be a simple explanation, Muddy Waters shows that in China there is a new principle, Chiscam’s Razor, that says the actual path the money takes is likely to be long and convoluted.

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  8. Obee1kanobe

    You should have simply switched from long DMND to short DMND..you would have made a killing in due time. Dope.

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  9. Obee1kanobe

    DMND —>

    500 billion in debt and no cash. Doesn’t take a rocket scientist to know not to buy the stock…but to take a tasty short position in it. That co. Is fucked.

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  10. fake amish

    Need another 0 economic retard statement as soon as possible. Something to make the EBT card carrying members of society feel special. The actual voters(peeps with braincells) polls will continue to sink. For now.

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    • Jason

      And if they remember it is election day they will vote themselves a raise. Just as many moochers live in this country as productive people. It’s just a question if the moochers wake up on election day, grab their free 0bama cell phone, leave their subsidized housing, take their subsidized transportation and vote. Maybe they have time for a little shopping with their EBT card and maybe a quick visit to the free health clinic to find out why they can’t stay awake for the 1AM reruns of Jerry Springer and Oprah on the flat screen they bought with last years earned income tax credit with no earned income.
      It’s a beautiful thing they have going.

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    • Mr. Cain Thaler

      Something like, “We need to pay union members to dig holes, then fill them in, because then they’ll go out and spend that money, and help improve businesses.”

      Something like that?

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  11. Leo

    What price did you imbibe in the chinese burrito err mexican burrito Mr Fly?

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    • Leo

      nevermind. I thought you went into the Mexican burrito – I see indeed you went full chinese burrito. Carry on.

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  12. Yabollox

    Michelle should be worrying about the poor people’s health. Get the fatty foods and high sugar content goods deleted from EBT eligibility. It’s only in the interest of the poor who are dependent on gov’t assistance. If I was poor and on EBT assistance I’d consider suing the govt for making me fat.

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  13. CosmiC

    dude. Y? is provactin skin care still on the mkt?

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  14. CosmiC

    yo. FLY!! what is your personal investment and emo too, in TOSH.0? SLSY

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  15. Dishwasher

    Looking at the price of corn and wheat, the rising price of feed corn could make cattle go up. I’m looking to start a position in cattle futures. COW might be good here also, but it’s volume is anemic.

    (Disclaimer- I really do wash dishes for a living)

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  16. dchanko

    Dear Mr Fly
    Sublime choice of music.
    That is all, carry on

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