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
23,466 Blog Posts

Afternoon Update

The whole google glass idea is ludicrous. People are going to walk around with cameras strapped to their face? How can anyone talk to another wearing that device? I’d punch anyone in the face if they stepped to me with that thing.

The market is trending up again. The resiliency is truly unbelievable. I still think, however, that the month of May will offer some surprises for cocained out bulls. There’s nothing wrong with being long, just be vigilant when the worm turns.

I have a few ideas on deck and might open up a few long trades, purely out of boredom.

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14 comments

  1. KSheth

    Don’t come to the bay area in a couple years. You’ll be punching faces everywhere you go.

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  2. MasterOfPuppets

    No offense Fly, but you’ve been calling for a market melt down for many months. First, it was going to happen in Jan. of this year (remember all those dire predictions?), then it was going to happen after taxes (got a very brief correction, big deal…expected). Now you are pounding the tale for May. Guess what..everyone and their mother is screaming “sell in may and go away” and “June swoon”..precisely why we will melt up further than anyone dreams of. Very long here.

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    • Brian C.

      Master – AGREE!!!!!

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    • The Fly

      Puppet

      I was 140% long in January through March.

      I did call for a pullback after tax day, but was always more adamant about May.

      As it stands now, I have zero short positions and have a 65% long position. So, it’s not like I’m hurting myself by predicting caution.

      May can be another up month. I am only suggesting that it hasnt been too kind in recent years. Moreover, we’re up for 6 months in a row.

      We’re overdue a pullback.

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  3. KDog

    I agree, but stop for a second and ask yourself if you are just an old man with an opinion. The kids will probably love this crap.

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  4. JTU

    BBRY The squeeze is on the shorts are getting their balls grinded into a liquid pulp!!!!!

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  5. Vertigo

    Fly, you must stop punching people in the face. This is not the Middle Ages.

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  6. The Eye-Talian Stallion
    The Eye-Talian Stallion

    Better be >=4.5″ or else.

    http://www.valuewalk.com/2013/04/apple-inc-aapl-large-screen-iphone-6-expected-in-june-2014/

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  7. Mr. President

    For real, think about it. Soon enough they’ll get the technology so small that Google Glasses will be indistinguishable from regular glasses. Next thing you know there will be “contacts only” zones for fear of being video’d in private settings.

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  8. It Is Showtime

    DSS with a nice 2 day move

    Selling here. All I was looking for. Reversal maybe some covering. Thanks Fly, one of yours

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  9. Testicules

    Auto sales are fading, names are up

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  10. ckalt

    You’re to old for google glass. I bet kids, tweens and teens wont care about a camera in their face.It’s second nature to them

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  11. P-money

    You realize google glass will eventually be a screen projection on a contact you wear in your eye right? The glasses thing will only be a half decade or so if I had to guess. You New York ppl are silly tho with your lack of ability to think about innovation tho. Lol east coast. Lol

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