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
23,410 Blog Posts

No Regrets, Ever!

I know you see YELP screaming higher, very gallantly, on a daily basis. I had ample opportunity to get in below $20, after selling my position north of $25; but I chose not to play the earnings game. Looking at the stock up here bothers me, sort of like a fly hovering nearby as you eat a plate of seafood; but I will not lament over it.

I have no regrets because my next pick will be even better than the last. That’s how I deal with missed opportunities. You should do the same, live in the present and quit feeling sorry for yourselves.

VHC is rebounding, following yesterday’s debacle. I will not get sucked into blaming “those dastardly” short sellers for everything. I mean, come on with that shit already.

JACK ended up being a total non-event, after Reuters flubbed the earnings news release last night. The truth is, JACK beat and guided up. Nevertheless, the stock isn’t moving.

With TLT trading lower, again, I am a bull in this market. I am ignoring seasonality in favor of the realities on the ground.  Economically sensitive names, like MTW, are going higher. That bodes extremely well for the tone and tenor of this tape. I am long until it stops working.

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20 comments

  1. The Equalizer

    (Confound this day job, it drives me to declare FIG.)

    Disclosure: Also long JACK, VHC.

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  2. Drewdog12380

    Disclosure: LONG VHC, YELP & MTW

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  3. Nefarious Rapscallion
    Nefarious Rapscallion

    Bot Yelp on the open and added to RAX

    tanx again!

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  4. acehood

    No regrets, no prisoners (no Stocksage).

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  5. Sur Platonic Plateau Du Tecnocrats, B.R.A., D.J.D. upon Rookness.
    Sur Platonic Plateau Du Tecnocrats, B.R.A., D.J.D. upon Rookness.

    I bailed on $UA and $FOSL 2011 with similar price action.

    It was mi$$ed Wynnship.

    Hence, perhaps $JACK will follow suit?

    #FWIW

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  6. clegger_2000

    DK is going insane to the upside. Refiners indeud.

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  7. MetalLeg

    Hey folks, DMND is up again, over 3% today alone. Where’s Douchey the Short Bagger?

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  8. OG

    Damn, YELP just murdering the shorts.

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  9. TaoOfPatrick

    “Be at one with The Fly Grasshopper”added to VHC yesterday instead of freaking out.JACK earnings i thought was a miss so thats cool.And YELP i fuck that up got in too late so i bail took the loss and felt like a Asshole for a couple hours.

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  10. Trading_Nymph

    End of this Rally Time. I am watching CNBC Fast Money as they try to guess why this rally is happening…they don’t have a clue. For rhis Nymph, as I said on Tuesday…it is all a Oil Shtort Squeeze caused by that lame Ernesto and maybe hopes that americans will drive their cars again, but mainly Oil was riped to be squeezed. Oil Traders did sell off on really bullish draws on EIA data like we expected. AND now the eye of the hurricane has passed the rigs we should start to see this Oil Rally fade fast if I am correct in my analysis http://af.reuters.com/article/commoditiesNews/idAFL2E8J91BA20120809?pageNumber=1&virtualBrandChannel=0

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    • republicat

      What have CNBC-ers been saying as behind the bond fade?

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      • Trading_Nymph

        Republicat..CNBC really doesn’t do bond analysis well, Rick S is about it. Bloomberg much better source imho for that. I haven’t heard much/any analysis coming from CNBCer’s…sorry.

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  11. The Fly

    I guess DMND isnt going to zero

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  12. Andrew

    Sir Fly – Sorry if this question has already been asked, but what are your thoughts on the Mars landing? Fake like the moonwalk?

    I am not being a smartass, I just figured you may have some insight or ideas on this. I heard in passing on the radio about conspiracy theories.,,

    Thanks for all the humor and wisdom on iBC. Your passion is inspirational.

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  13. OG

    Wow, huge fade in YELP.

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    • 4fl3x

      I remember the good ole days when Master Fly used his time machine to go in the Future. Judging by this blog post, he now uses it to go back in the past..

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  14. Heisenberg

    Rolling the dice on VHC into earnings call tonight??

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  15. Mike

    anyone buying into Sprint surge?

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