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
23,460 Blog Posts

Flat is For Idiots

I can’t believe I am flat for the day. I see some of my peers making money and I want to kill someone because of it. Just because I am up nearly 60% for the year doesn’t mean I shouldn’t be up 70% or even 200%. If there’s one thing that I’ve learned well over the years it is this: the stock market knows no limits. If you are a well prepared and talented trader, you can make millions, billions, and become someone of importance. Naturally, one cannot do this by himself. One needs investors to believe in one’s crap. If you are an introverted hermit, I’m afraid you’re destined for a life of over-bearing poverty, subsiding on gluttonous cans of spam.

The window cleaners are gone and so is the cigarette flavoured perfume they drenched themselves in.

I hate starting new positions on Friday, since “anything can happen over the weekend.” I’ve been spending my spare time obsessing on two things.

1. Playing chess.

2. Reading olde newspapers on Google news, circa World War 1- World War 2. Absolutely fascinating stuff. We were all taught this stuff in history class. However, when reading the actual reports in real newspapers, from people living in that era, you get a totally different vibe from it. You can sense the anxiety of the writer as he describes Hitler’s advance throughout Europe. I can spend days reading this stuff. You can even date back to the revolutionary days, read about what the men with powdered wigs and wooden teeth were up to.

One stock that is peaking my interest is ANGI. What a dog. However, this flush out represents opportunity for those who aren’t in it and who believe in the longer term story. Eventually, ANGI gets acquired, in my opinion of course.

Out of all of my stocks, I am most excited to see what BALT reports this quarter. I believe they will surprise many, on the upside, and finally earn the respect they deserve–from the vagrant, degenerate, speculator class.

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26 comments

  1. clegger_2000

    Why is the esteemed Mr. Bleier not writing for iBC anymore?

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  2. tradercaddy

    I too am a history buff and enjoy reading papers of yore (starting to write like “Jake”).
    Check out these NY Times movie ads from 10/43 and on p.4 the use of the word “Japs” in the ad.
    http://www.freerepublic.com/focus/f-chat/3081534/posts
    And the 10/25/43 NY Times- the Russians have the Nazis on the run.
    http://www.freerepublic.com/focus/f-chat/3083427/posts

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  3. granpa

    Good Doctor, in days gone past can you feel that reporting news was just that instead of a politically slanted song and dance procedure which we have become accustomed to?

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    • The Fly

      The news was very sensored back then. Also, editorials constantly derided the American people as being lazy and unprepared for war.
      Little did they know they’d become the greatest generation.

      The overall consensus in 1940 was that we’d never be able to fight Germany, that it would take 10 years to prepare.

      PAH!

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  4. strikeback

    $Balt is going to scream higher.

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  5. granpa

    PC people are killing us all one way or another. For now just figuratively.

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  6. dynomite

    I enjoy reading about how the liberal media bashed Martin van Buren for the bad economy back in the 30s, i.e., 1830s:
    https://www.google.com/search?q=“Martin+van+Buren”&newwindow=1&biw=1400&bih=961&sa=X&ei=DKhqUpGHPI6G2wWH9oDwCQ&ved=0CCUQpwUoCzhQ&source=lnt&tbs=sbd%3A1%2Ccdr%3A1%2Ccd_min%3A%2Ccd_max%3A1%2F1%2F1840&tbm=nws

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  7. sfmanhattan

    7.6 Earthquake off Japan just happened

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  8. juice

    “you can make millions, billions, and become someone of importance. ”

    not sure making gobs of money = someone of importance, but to each his own

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  9. TheHarper

    You should read “The Rise and Fall of The Third Reich” …absolutely amazing book, written from a journalist who was on the ground in Germany at the time.

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  10. tradercaddy

    Look at NQ go.
    TradeBots Gone Wild!

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  11. fractal

    Think the dollar index would decrease if TNX were to get a bounce and TLT was hit (or vice versa)? I could see that happening, but wondering if it’s a near-certainty.

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  12. gatorsun

    NQ how fast can you trade? check it out

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  13. dynomite

    NQ is now also a Chinese lotto ticker symbol. Fucking great.

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  14. The Fly

    down she goes

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  15. clegger_2000

    TREX punching scrotums…

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