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
23,433 Blog Posts

Waiting Out the Amateurs

I am pretty bored out of my mind, as I am fully invested and do not feel the urge to leverage up into Congressional stupidity. I am watching a documentary called “Red Obsession” and am amazed at the insanity of the chinese arrivistes–clamouring for Bordeaux wine like crack-heads in the South of Bronx.

I am pleased to see BALT trending higher and logical people take positions. My YELP is above $70 again and I am halfway towards making up yesterday’s losses.

As for FLTX: it is an earnings play, betting against the mentally ill at Seeking Alpha. I don’t know why so many challenged people gravitate to that site. It must have something to do with the owners of Seeking Alpha. I don’t know.

CREE caught a Goldman upgrade today, a very bold call considering they missed earnings.

At any rate, I have nothing to offer you but confidence. If something comes up, you’ll be right at the top of the list of people to tell.

Back to my documentary.

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9 comments

  1. sia

    damn, I thought AMBA was killing it, but I should have just left all my money in YELP, sold that way early. FSLR is killing it today as well. NPSP a new high. This market makes you feel like a total ass for selling these momo stocks too early.

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  2. budh

    My twitter acct hacked, changing password. that’s the big excitement of my day so far.

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    • tradercaddy

      I have had to change my Google mail account PW twice in the last week as I kept getting a notification that some Chinese gangster with a China IP address keeps trying to hack in.
      I have now double firewalled it.

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      • budh

        It’s not a Chinese gangster, it’s a Chinese Gov’t program. At least their gov’t has some initiative.

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  3. tradercaddy

    I am watching a rerun of Andy Griffith.
    That Barney Fife cracks me up.
    I’m also watching the GDX etf (gold miners) stock.
    Just about every stock within the GDX is down 3.50-4.00% and yet the etf is “only” down about 2.50%.
    I like the arb possibility and am looking to buy GDX as it really isn’t moving when the underlying stocks tick down.
    Back to Barney.

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  4. duckkell

    ” I don’t know why so many challenged people gravitate to that site. It must have something to do with the owners of Seeking Alpha. I don’t know.”

    Because they are partners with CNBC and their articles are featured on the CNBC website – they must pay the talking heads plenty of $$ to have their horseshit linked on the site

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  5. JStar

    CREE is a beast. terrible mngt, but hard to argue when every light bulb in america will be LED soon.

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    • Raul3

      The best opportunities will succeed even with cavemen at the helm. Huge shortsightedness thus far by analysts when it comes to LED prospects

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