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
23,449 Blog Posts

Do You Know What Time It Is?

It’s time for you to shut up again.

This isn’t an econ blog, or some place where muppets go to trade stocks and gossip about business. This is the blog of “The Fly”, where men die trying to outsmart him and women are strictly prohibited. I am a firm believer in the olde school. Some of you jelly fondlers  think old school is 1990 or 1950. Le Fly is going way back, to the damnest part of the Dark Ages, the year 476 when men died over friendly contests and women stood at home to make stew out of water and grass.

I will talk about stocks when I am good and ready.

I took a lashing to the face today, with IMMR heading lower again. YELP and POWI are dripping daily and the market is generally stupid. I have 35% of my assets in cash and have my eye on two biotechs. But, they’re thinly traded and cannot allocate much to them.

I do like the dips in OWW and TRIP and will consider adding to my YELP position at around $48.

For now, my core positions are IMMR, YELP and POWI. Everything else is simply a trade, designed to finance my core.

Futures are lower because John Chambers still works for CSCO.

See you suckers tomorrow. And remember, shut up.

GREETINGS FROM THE PART OF VIRGINIA WHERE SOUTHERNERS HOLD DEAR.

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32 comments

  1. 4yoursuccess

    I’d be surprised if you’re still in Richmond. Williamsburg? Great colonial history abound, especially the new discovery of cannibalism at Jamestown.

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  2. Yankee Slim

    Fredericksburg. Rebel treachery.

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  3. fake amish

    Remember to walk around with coal stains under the nails. Smoke two at a time while complaining of back pain every five minutes. Budweiser t-shirt with cut offs is optional.

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  4. jskogs

    Last sentence of the first multi-sentence paragraph rules. Always great reading.

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  5. matt_bear

    Don’t pitch the bitch.

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  6. Blind Read Ant

    WWV.King.D.

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  7. Trading_Nymph

    I miss a few days of posting anything, I come back, and Fly has banned my entire Sex. lol. Clams are out of Juice, it’s now Nymph’s World…

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  8. john

    when the arrogance gets to this level as I told you two days ago, you start your yearly drawdown.

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  9. Juice

    market gods have preordained a pullback to get in at more advantageous prices

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  10. Munch

    LIAR!!!!!!!!!!!!

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  11. Rachael Jeantel

    Old school? We’re in the new school. Haven’t you heard? Don’t make me bust out a can of Jeantel whoop ass.

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  12. fake amish

    Que the need for 300 dollar ebt’s. Bentonville demands it.

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  13. boston online marketing company

    Hey there excellent internet site! Dude. Fantastic. Great. I am going to take note of your blog along with grab the nourishes moreover? I’m contented to discover so many beneficial info in this article inside write-up, you want build more approaches on this consider, appreciate your sharing.

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  14. Metalleg

    English translation of Boston Online’s post:

    “Like your site. It’s way cool. I’m a stupid douchebag.”

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  15. Flyaway18

    How do you fondle jelly, I am laughing trying to visualize THAT. TLT is heading toward a hundo, what is The Senator’s take on TBT here longer term?

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  16. AKwitdemBeamz

    God Bless the South!

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  17. Jakegint

    I just got a phone call from Fozzie Bear.

    He was in tears, I could hardly understand him….

    _______

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  18. The Next New Cat Thing
    The Next New Cat Thing

    Remember the days when the pharaohs kept unemployment low and did QE by building pyramids and sphinxes without killing 528 peasants?

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    • Jakegint

      Don’t kid yourself. How do you think those pyramids are still holding up so well today?

      Three words:

      “Peasant Bone Marrow”

      ______

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  19. The Plumber's Crack
    The Plumber's Crack

    “Futures are lower because John Chambers still works for CSCO.”

    lmfao! so true!

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  20. OG

    You got your $48 in Yelp. Ugh.

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  21. gatorsun

    sure gets quiet here when indicators aint working

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  22. TheBigSpooky

    I ain’t buying until I see Merlin.

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  23. mystos

    Shades of IMMR –
    Kinect app that turns any surface into a touchscreen now available, starts at $149
    With several companies developing technologies that can turn any surface into a touchscreen, it should be widely available soon. Those who want to try it out before it’s cool, however, should look towards Ubi Interactive’s software that combines the talents of Microsoft’s Kinect for Windows sensor and a projector. So long as the software’s installed on a Windows 8 computer, the sensor tracks and detects movements users make on the projected image. Interactions are the same as any tablet or smartphone, including launching icons by tapping on them and expanding areas with pinch-to-zoom. Merely a concept in 2012, the software is now available on Ubi’s website with prices ranging from $149 to $1,499, depending on the display size and the type of customer support. Sounds like even an Average Joe can nab one, assuming they already have a projector and one of Microsoft’s $250 motion / voice detectors.

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  24. lol

    Nice job selling non-core positions before today’s carnage. Fly Wins again even when he appears to be losing.

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  25. WeeGoody

    moved my non-core but my 401k is gonna eat it. Will add back POWI asap.

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  26. Ax4soWGT

    828658 938853This is the first time I frequented your web page and to thispoint? I amazed with the research you made to create this actual post incredible. 734725

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