The facebook numbers are a facade, a farce of american accounting standards. Next thing they will tell us there are more users than the entire population of earth. I am sure the millions of dogs and cats who’ve signed up are avid clickers of targeted ads.
I’ve been getting boiled, very slowly, for the past week. Today the carnage sped up a bit, marking yet another 1% drubbing. All the while, markets have been making new highs and the perverts on CNBC have been popping corks of champagne into each other’s faces, in celebration of this magnanimous splendour.
I expect my losses to accelerate tomorrow, led by my god damned boat stock. Even though they only own 2 Capesize vessels, the market is treating them like a debt laden heroin addict sucking the pipe.
No, I’m not happy. It’s my condition to be upset over the smallest things. One time this guy asked me for the time, I ended up using his head as a drum. No matter how much money I make, no matter how many things I buy myself, I have a rage boiling inside of me. It keeps me alive and will bury me.
I will tell you what I should’ve told you last week, what I knew but didn’t allow myself to believe: sell stocks and wait for lower price points. Even if the general markets go up, it’s not worth holding these god damned time bombs into earnings, unless you have an edge (inside information). Yeah, I know, we’re not supposed to admit that it exists. But you know damned well it does.
When I was a rookie broker in the boardroom, back in ’97, my deskmate was escorted out from his chair, by the police, Bud Fox style, for partaking in a ring of derelicts who were trading off inside info. I had no idea. They caught him because he used options. If you ever want to go to prison, just buy large quantities of options before an event that you have knowledge of and I promise you, the SEC will find you and send you to Oz to be butt raped by Adebesi.
It’s never worth it, no matter how much money you might make.
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I guess that might depend on how you feel about men like Adebesi…
Fly I for one would pay up to 29.95 (no Hedgeye) for a hardcover book detailing your early exploits in the brokerage business (no Jordan Belfort) among other inspired prose.
What’s the deal with that Hedgeye guy? The other day over twitter he was proclaiming he consults on over 1 trillion in assets. Is he for real.
Just another crazy Canadian.
His results are f’ed. He publishes % of winners instead of overall p/l % because he scalps for pennies while taking 50% losses on things like JCP.
He’s a loser
It would be a fine book
The 0care reality is long over due. The small business owner getting flushed down the rat hole along with the 20% of peeps that now will pay double to triple their previous premiums will be priced in at some point.
Deserve what’s coming. We don’t Start Out skeptical, we accept a few nice bullet points as reasons something is good and should be passed. (some of us Were skeptical…)
Of course. The women and children mobs screaming no matter what the dear leader spews is the tell. Cult of persona. Repetition over and over and…
That’s why I trade futures only. There’s much more trading freedom with futures.
10-4 on futures…surprised more guys here don’t trade them…money every day
He does all pennies . I don’t know if these results include commissions?
He’s obsessed with QE
my stuff goes down on up days…down days will be unpleasant
in the name of zuck, amen
This market is amazing. Gilded age is upon us .
Is that a direct quote from the Roaring 20s? (haha)
Buy QE
Check out the 12631. The room is a good one and it is free for a couple days. IBC is a class act. 12631 is as well. Chess and RC have totally different styles and the other members also add to the room. Do not miss it.
Thanks for the testimonial iron
Truth is what it is. IBC and all the products this institution offers are real. In a world of bullshit IBC stands with few others.
Cyclicals are about to take off and 2014 will be when the real growth kicks in. Time to rotate out of the bubble momo plays.
Why? Real growth will kick in with the largest new tax in history? How?
Now I get it. The penalty for not having ACA coverage will be EBT’D out. So it is a win win? That does not seem growthy but unicorns have one horn.
All these Ipos, Pinterest, Snapchat, really?
Human nature doesn’t change, but still pisses me off that someone still thinks we can get away from it.
Fb, twitter, etc, The monetization of social media I think will be revealed, to be failure. Right now dollars coming in but what is ROI, the ads
Not sure if it says anything but I’ve probably clicked on more FB ads this year than I ever have in my lifetime of using Google. They seem to be better at mining what I like and you can’t get away from their ads on mobile.
Huh, I refuse to ever click on those ads, they can take their targeted spam and shove it up their asses.
@itIsShowtime — Couldn’t agree more. W Yelp, LINK AMZN FB TWIT TSLA Snapchat Pinterst(?!?!) this market is awfully reminiscent of another time I remember all too well… When YAhoo was trading at $300 a share and CSCO at $100. And we all know how that ended. (Not that there aren’t great companies out three w decent valuations. But the hyper mania and over priced reeks of idiocy we’ve seen before).
Agree with the targeting and style. I just think the overall enthusiasm is misguided. (and dependent on rising consumer income as well, which I believe will rollover)
AMZN I understand. FB TWTR ok. But GRPN ZNGA LNKD ANGI and dozen others
Senor Fly when do we short biotech and healthcare in general? The eurotrash money managers have no clue. 0care is not a socialist panacea.
Lower profits are already priced in so it would have to be worst than anybody imagines.
I disagree on FB. Those were great numbers by all counts. That being said, FB can’t stop this market from going lower.