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
23,434 Blog Posts

Nothing to Do But Wait

It’s pointless to scour the market for deals at a time when our government is purposely hurting itself. I’d rather shoot myself out from a carnivale cannon and juggle for the elderly.

I’ve made my bed and BALT is my largest position now. I didn’t buy any today, because momentum stocks tend to get flushed when things get tenuous. Well, things are tenuous now and I doubt many people are calculating the amount of coin they are making now. All they see is a chart, coupled with yahoo and stocktwits messages. That’s it.

The blindness of others is my edge.

Aside from that, I am still heavily long MHO, NSTG, YELP, FLTX and MODN. I own a pastiche of bastards and pirates and shall make my fortune that way.

I am tired from today’s workout and busy drinking this here “JAW-JACKER” pumpkin ale. Always remember that the people on the teevee are extraordinarily stupid and are unaware of the truth.

This dip is a gift, but timing is everything.

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20 comments

  1. tradercaddy

    Of course it’s a gift.
    Fed Math:
    Shutdown- 2.8 GDP- 1.4 for shutdown (for 3-4 weeks) = No Taper = Bullish

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  2. Marc David

    Your post workout nutrition should not be pumpkin ale.

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    • The Fly

      I washed it down with a large steak, grilled chicken, broccoli and protein drink.

      One beer is ok.

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      • Marc David

        It’s that attitude that turns into 2 beers, 3 then binge weekends. Next stop gutter, fat and blaming bad genetics.

        I think you did a protein OD

        Love you man #nohomo

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        • The Fly

          You mistake me for someone who doesn’t practice discretion.

          I only had the beer because I’m obsessed with pumpkin. I had to experience the taste.

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    • tradercaddy

      Pumpkin flavored creatine?

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  3. snoozemr

    I am drinking a ‘Stone Enjoy By 10-25-13 IPA.’ Yes, this special craft beer has been intentionally brewed NOT to last. The newly made “short window” IPAs. Sounds insane, but this beer is incredible. Just have to drink 11 more pints before 10/23. Shouldn’t be a problem.

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    • steak

      Had it on draft twice, was excellent. Exactly what you’d expect from Stone. Out of the bottle, however, left much to be desired. 2 of the 3 bottles I’ve tried have been absolutely terrible. Founders makes a triple IPA called the Devil Dancer, which is currently my favorite. Definitely worth picking up if you can still find any.

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      • ricks234

        Steak,

        That place is about 20 minutes from my house. Try “Ruination,” as it is truly the best beer they make.

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  4. razorsedge

    and yet today was great for me! we are on the verge of insanity. eating popcorn, watchin the roast…fun …not so much

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  5. whippersnapper

    Hey Fly, I’m curious about the PPT 3 Tier system. Have there been any updates to it? Are there any caveats I should know about?

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    • The Fly

      OS was flagged this morning. We didn’t close OS, however.

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      • whippersnapper

        Oh, I know. The buy signal seems solid, but the sell signal doesn’t seem to have the same efficacy, at least not this year. Is there a reason for that?

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  6. ironbird

    Que the shrill screams of the takers. The sky is burning nothing but sure apocalypse is upon us. The government just shutdown. The horror.

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  7. matt_bear

    Vanilla protein powder, cinnamon, pumpkin spice, and a little pumpkin in the blender.

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  8. ironbird

    Futures up, dreams of government plebs dashed. Could a majority really not give a shit? The grandma thrown under a bus holding an orphan should bring out the brat having a fit in everyone, right? Strange action.

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  9. MX2101

    Well, at least there won’t be a lot of traffic on the Beltway for the duration.

    But more seriously, at some level it would do government mindset some good, to feel what much of the American people have felt for years. If much of the Washington area feels personal economic distress for the first time, that is worthwhile.

    Look at the income stats for the counties around D.C. Listen to the goods and services marketed on area media. This area is like the government’s version of Silicon Valley.

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    • ironbird

      When the DMV takes over healthcare supposedly starting tomorrow if the fucking thing even works on the most basic sign up level. Then the fun begins. A burning pile of shit is being dumped on a coddled ebt public. What could go wrong? Oh and the masters of this monstrosity are exempt.

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  10. one-eighty

    The lunatic fringe of the Republican party is happy to send other people’s children off to fight for democracy but refuse to grant it at home. Obamacare was voted on and passed. Obama got re-elected. That’s democracy. Accept it and move on.

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