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
23,419 Blog Posts

Gambling Stage: Time to Exit

All of the good ideas are high risk/reward plays. At least that’s what I’m finding in my searches. I’m going to stop myself from making mistakes and sit this market out for awhile. My internal goal was to hit +20% by the end of Q2. I did 23% before the end of Q1.

Going forward, my goals are to accomplish +5% in both Q2 and 3, then another +20% in Q4 to give me a +50% for 2013.

The stocks I have now are low brow: BV, FRO, HIG, ZAGG, accompanied by an array of old man stocks. My short positions are CCL, JCP and AG.

It’s the end, gents. Time to make a graceful exit now, while you can, else leave in disgrace Andrew Mason style.

There’s no need to search the market for ideas. The ideas will come to you, when the time is right. Rejoice in the gains you have and retire like the slobbishly fat men you all are.

As for me, I allocated 8% of my assets into fixed income yesterday. I’d rather not say where, as it might compromise my disguise. Nevertheless, April beckons and “The Fly” is making an early exit (tips hat).

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16 comments

  1. Mr. Cain Thaler

    Welcome good man to the lazy river cash ride. Might I pass you some Jimmy Buffet or feminine slushy/vodka drink?

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  2. Vertigo

    I bought $LMT as a fixed income investment

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  3. mjolnir

    Confession time. Bless me Father for …… the greatest sin of all not being wrong but, being both wrong and totally stupid. Not just ignorant but certified stupid-ZIOP. In humility I accept ‘touch hole of the decade’ award-ZIOP

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    • Yabollox

      If their drug had been a winner you would be a genius. There’s no way to really know on those things. it’s a gamble.

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  4. The Eye-Talian Stallion
    The Eye-Talian Stallion

    AG is on a death march to 14.

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  5. Rollo Tomasi

    “As for me, I allocated 8% of my assets into fixed income yesterday. I’d rather not say where, as it might compromise my disguise.”….Junk or IG?

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  6. mike

    Where is your RAS Señor Fly??

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  7. The Pirate

    Flly, Any idea why BZH is down the last 2 days?

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  8. Cascadian

    There must be some good stocks to buy and hold up to April 15….

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  9. Vastrap

    I come here for the music. Only.

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  10. ernisTbass

    shouldn’t your RAS be just below your waist, lessen its under your RAS hat

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