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
23,431 Blog Posts

Losing a Fortune Faster Than I Had Expected

All of my stocks are getting lit, especially IMMR. I can’t pretend to be surprised. After all, the stock reversed on big volume on earnings day, throwing me through the windshield. But that’s the reason why I sold 30% of my position ahead of earnings–to buy it back. The stock is low enough for me to buy back now. I’d have to hold onto this sucker for another quarter or two. But I intended to do that anyway.

The market is lower due to profit taking. That’s all. It might rebound today or it might rebound next week. Rest assured: it will rebound.

The game plan, for now, is to absorb the licks as best I can, plot and scheme to utilize the cash on hand (20%) to acquire some bargains.

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

29 comments

  1. Ray Donovan

    took some profits on earnings day…15.92…bought back later that same day..in @ 14.15. Nice little hit

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Captain Ahab

    Since 30% of the populous misspells “losing” as “loosing,” the next time you dispatch a bunch of cash to buy securities you should pen a post called “loosing a fortune” and everyone will be confused.

    That’s all for now.

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

      “Populace.” No homo. Now, back to watching $AMBA define mediocrity.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  3. Ray Donovan

    CBS and TWC better straighten this shit out…missed Dexter and Ray Donovan this week and it pisses me off……its really the only tv I watch other than a movie or a game

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

    I bought IMMR today in the high 13’s. I’m also thinking about ANGI here.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. MX2101

    Well, at least you did not buy the Washington Post…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. matt_bear

    if you think it’s going to be bumpy for the next couple months with IMMR, could always sell some covered calls…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. ROB CARL THE TRILLIONAIRE
    ROB CARL THE TRILLIONAIRE

    Lol at you peasants buying back stocks when its relatively “healthy/attractive” in your eyes.

    I just buy the whole company. Think Jeff Bezos and The Washington Post, but replace him with me, and TWP with the whole fu*king market.

    My partner, Mongoose, and I recently purchased all of Nicaragua for absolutely no reason.

    Such is life as a trillionaire.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. Ray Donovan

    Fly – you still like the sapphire arena?? RBCN in particular? (GTAT screaming today)

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Don Keyser

    choppin dicks off wit my HLF long

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. Don Keyser

    Dearest Senor Le Fly,

    Quick question…..How is that Open Table position workin out for ya bruh? You still booking those booths at Arbys tryin to get them block heads behind the register to rub some horsey sauce on dey tatties? Homie, next time u about to buy some ratchet shit like FRO the first thing I want you to do is remove the large cock that is lodged in your throat and buy some HLF….IMMR be workin the lunch shit at KOD today just straight twerkin for dollaz….heard dey had good chicken fingers there so I might actually go by for a quick nibble and watch IMMR paintshake, peace bub

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Dr. Fly

      This comment of your might be ‘humorous’ in the drug infested dens that you frequent. However, here, it is viewed to be of the ‘low-brow’ quality and as a result, YOU’RE BANNED.

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

      In the meantime, $IMMR regaining ground while $HLF moves sideways.

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

    invested in food. so far so good. gold is in my rear view mirror, but im still a buyer if it dips a little lower.1250? or lower. im havin a great day. my iguana has the runs. we r planning a trip to an island just south of me to meet up with friends. ta ta 4 now. be good.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. ripper

    added to IMMR 13.90

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. Jon Taffer

    This Keyser clahn is a miscreant of the highest order. I beg of you le fly to festoon the halls of IBC with his entrails.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Badger

    Let’s all buy stocks at alltime highs. LMAO

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. Anthony

    I wanna take a position in IMMR but I’m wondering if it would be better to buy some NOV. 2013 or FEB. 2014 $15 calls instead of actually buying shares?

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