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
23,474 Blog Posts

Gaining Momentum

RBCN earnings are tomorrow. Last quarter the company missed bad, citing purposeful withdrawal from customers due to cheap sapphire pricing. Wall Street thought they lost customers, sending the stock diving. We shall see tomorrow. It is not for the faint of heart, trust in that.

My AMBA is ripping higher. It just fits the criteria of every high tech winner these days: small float, high growth, teenage stock price: BOOM.

I am up another 1% or so today, but need MU and RBCN to keep going higher to fuel my gains–which stand at around 17%.

For now, to make things clear and concise for me, I am focused solely on technology stocks, mainly due to valuation. The way I see it, stocks have run very high, very fast. If I am to be caught with my pants around my ankles again, I’d rather it happen in an industry that doesn’t get annihilated when deflation talk hits the tape. Technology, in a way, is resilient to macro events and can trade on a company by company basis.

Aside from the stocks I own, I also like WFR, AMKR, GTAT and PAMT.

How about that WETF?

Bottom line: we’re all waiting for the market to pullback. While we wait, why not make a little money?

If you enjoy the content at iBankCoin, please follow us on Twitter

8 comments

  1. The Pirate

    Fly, THIS ONE IS FOR YOU!

    https://www.youtube.com/watch?v=Wu9Zps8vnEY

    – I thought of it when you said you “didn’t want to get caught with your pants around (your) ankles..”
    Enjoy this blast from the past 🙂

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. razorsedge

    new 3d printed gun comes out of texas, this fires a 38cal bullet with only a small nail as a fire pin, undectable by scanners.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Ohthe BOMB

      Does the seller pay for the reconstructive surgery to the shooter’s face?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  3. razorsedge

    Detectable

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. zephler

    $WDAY looking very nice today!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. DaveyNC

    Sir Fly, I jumped into some RLGY a while ago. Would be curious on your thoughts about it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • The Fly

      Love it. Keep it.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • DaveyNC

        Thank you sir! Used to work for HFS back before it became that horror known as Cendant and am familiar with Richard Smith, CEO at RLGY now. Highly, highly competent man, fit for top hat and tails. Henry Silverman is the one who screwed up Cendant.

        Very happy with RLGY.

        • 0
        • 0
        • 0 Deem this to be "Fake News"