There isn’t going to be any vacations in the rubble of Romania this time around. Now that I’ve demonstrated mediocrity and fallibility, I shall demonstrate resilience, tenacity, and above all–excellence.
I shall not partake in parlor tricks or ploys to make you believe that I am winning, while I am actually losing. The very essence of iBankCoin, born on 11/12/07, is excellence through transparency. The struggle that we endure, on a day to day basis, is too taxing to be done alone, which is why we provide top grade services throughout the trading day with 12631 and The PPT.
While losses may affect our psyche in the near term, it’s important to limit them so that we may remain players in the game. The game is over when you’ve been eliminated. Sometimes it’s necessary to take 10% losses, in order to avoid the catastrophic varietal.
I’ve dedicated myself to this place of good fortune and rectitude, despite the personal sacrifices of a monetary nature. Truth be told, the majority of my money is earned elsewhere, yet my true passion lies in what I am going to do here, from now until year end.
The playing field has been leveled and I am in a 30% cash position, maybe more. I’ve pared down my positions down the skeleton so that I might shape a new person from the ground up. That process will be done here, as always, and the results will be nothing less than stellar.
Watch me.
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Indeud
SHOMP extra Bergamont
Indeud
Rock it Doc.
Position yourself like me.
Long 2x and 3x BEARISH ETF’s, specifically TZA and QID; sell short QLD, and protect your long stock positions by writing deep in-the-money calls.
A 400-point DOWN day- which could happen this week in this topped-out, flagpole market will net you 40%.
Where do people think this overextended market will go?
There could be some sort of random super QE announcement. As the fly (still up well over the S&P on the year, mind you) reminds us all. When QE is around, neutral is the most bearish one can be.
down 400 huh? cant even comment on that
But its a bull market,. you know,….
The problem is …it could stay
over extended for a long time
Interesting. No one agrees even slightly. Down is the view from this side. When is the hard part. This week or early next year.
rigged game, does the 0care disaster have anything to do with the bearish take? Have asked this question before. Always it is completely blown off as a fart in the wind. Which is amazing considering the MASSIVE tax implications.
BUY IMMR tomorrow! AAPL is about to be onboard for 2014. Great calls on GTAT/RBCN. Lets let them cool some before reentering. Also JNUG should be a good play soon as the miners will bottom again for the third time in six months.
Fly, Congrats on Six Years. Funny, 5 months earlier in 2007 is the date I started to learn about stocks. I didn’t even know what a p/e was at that point, let alone what t/a was. Yep, crazy passion, which goes to show we can’t pick our passions..they seem to pick us.FWIW, Market is so overbought, and even though there is a 11 day delay in the Iran deal, we topped..actually two weeks ago we topped out…( oh,this week we have Yellen in Congress to explain how she sees this “Grand Experiment”). During this entire time since 2009 I thought there would be some type of tipping point that pros used to dumped. Now we have topped out, hitting key fibo level at 1755ish and only air above. Maybe the top of bubbles are not QE, Oil, etc…but just a pure Algo moment? We will see.Congrats again, for both of us it’s been an amazing trip.
Congratulations on six years and sincere thanks for your site. I’ve learned and profited from you and the other iBankCoin bloggers.
The geniuses on Duckbox can not even read the futures. They have no clue where the tape is or is not. The late nineties were similar. The “I Would”. As in buy anything tech at the going price.
GOGO – another nice pick Señor T
you got that right…killing it from entry
again…watch ENT off GOGO
damn. I was looking forward to the Fly led ‘Romanian Cruise” with daily seminars on trading strategies.
Anyone letting go of any GOGO? It’s burning a hole in my pocket
taking profits in GOGO today, will buy back in on the pullback, going to keep moving til Verizon or Sprint buyout??
Yes Johnny it’s burning a hole in mine too; sell a bit and let the rest run and you won’t feel so compelled to sell it all.
I took off 25% of my position for a double at $22.70 … Every time I buy shit back after taking profits I take points off the board.
Very bullish article on GOGO via SeekingAlpha this morning, makes me think this could be another Zillow-type stock or XONE type…
Crazy how this market is so bullish and yet Apple has been so bearish lately, how come?
http://seekingalpha.com/article/1827922-gogo-inc-faa-electronic-regulations-and-text-talk-are-game-changers
I think Stinking Alpha archives a bullish & bearish article for most equities so that they can eventually do an “I told you so” piece, In the latest they offer no advice what to do with the 25% gain today