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

Swinging For the Fences

With today’s buys and market appreciation, BALT is now a 30% holding of mine. I am fully leveraged, extra tilt, at 140%. Other large positions include RBCN, NSTG, GIMO and YELP– with YELP being the smallest. SOL was a minor position and has been eliminated due to classic chinese burrito dealings.

As we speak, the market is weak, The PPT is not oversold yet, and I am up almost 3%.

I am still 15% off my annual highs and believe I can attain that feat before the end of the year. It’s a lofty goal that seems incredulous. However, if I am correct about my oversized positions, I will make it look rather easy.

The month of November was an abysmal one for me. Even more so than the losses was the stifling of activity, due to being hamstrung in flat to down positions that engendered an emotional response from me. I’ve resigned myself to seeing them through, at least for another month or so, in order to stay true to my convictions.

The overall market is in a bad spot, due to earnings misses in retail. For the most part, the consumer is on strike, shopping away at AMZN, but nowhere else. Buying retail stocks has never been more treacherous than now.

Yes it’s true, I am swinging for the fences, betting a lot on a few ideas, even though I am way ahead. Consider it my vice.

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34 comments

  1. JCraddock1

    LETS GOOOOOO **RIPS SHIRT LIKE CAM NEWTON**

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  2. From Gorby

    Up 1% due to $BALT.Thanks Fly.

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  3. TheHarper

    Long APP into the wind!

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  4. matt_bear

    i had a couple hundred bucks in an old scottrade account that I just decided to use for my unborn son’s savings (due end of this month) and threw all into BALT at 4.85. He’s not even born and has a better trading record and 2013 profit % than his dad. 🙁

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    • matt_bear

      #bankingcoinfromthewomb

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    • kschep

      great spot…i was a tad early at 5.00, but who’s complaining. I wish there were some DEC $6 calls I could sell against it.

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  5. Schwartz

    if we get a two handle on afp the market gonna get face fucked tomorrow

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  6. Schwartz

    nfp

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  7. Flyaway18

    I sold AEO going into tomorrow’s report. It’s been a winner twice for me but I am raising my cash to 20 percent and want to have some $$ to buy stocks I like if they go on sale. I bought LPX yesterday and it is flat today. SVA must be down today on the all-around degenerate behavior of Chinese burritos. NVAX is green as of this writing.

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  8. Schwartz

    Kelly Evans is fucking atrocious

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  9. The Tristero

    Capesized thanks to Fly.

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  10. Sethster99

    Wow, Fly. I am not impressed at all. You are going to get fleeced tomorrow. You had plenty of warning too, with ADP and new jobless claims.

    The market gets demolished tomorrow.

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    • The Fly

      Who cares what you think?

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    • TheHarper

      The sethsterrrrrrrrr …check him outtttttt. giving such awesome adviceeeeeee

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    • J Livermore

      Your are the type that keeps repeating the same bullshit. After a long time, it actually happens then you come back and say “I told you so”. Even a clock is right twice a day.
      Have you ever hear of John Fichthorn? You have something in common with that douchebag. And it’s not astronomy.

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    • J Livermore

      BTW Sethster99. I’d like to punch you in the mustache so hard it flies a mile down the road. Bitch.

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      • J Livermore

        But before I do that, I would like to take a huge dump on John Fichthorn’s favorite desk after two days of pounding Metamucil.

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    • steel_man

      The Fly is God, motherfucker

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  11. Swinging for the Fences
    Swinging for the Fences

    Digging the headline – best of luck in December

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  12. TheHarper

    Bearshitters

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  13. crimedog1976

    “I swing big, with everything I’ve got. I hit big or I miss big. I like to live as big as I can.”

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  14. crimedog1976

    Nelson Mandela RIP

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  15. Schwartz

    nfp whisper number is two fifty, dicks gonna get chopped off tomorrow

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  16. Juice

    30% man

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  17. godsdog

    Mandela! Mandela! Mandela!

    Long live Nelson Mendela…

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  18. Philbert

    Fly how do you calculate the risk in nstg. Having such a large position. It’s a microcap company. What’s the edge there to make such a large bet? Pure gamble?

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  19. gravestonedoji

    Who let all these vagrants into this establishment? Send them back out to their homes in a grimy gutter somewhere (with a used copy of the Wall St Journal to use as a blanket as a parting gift to show your munificence). *huffs indignantly*

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  20. halloweenpleb

    After today’s extra losses with SOL, and with teary eyes, I went back and did a check on my trades for the last couple of years. NOVEMBER was always a huge loss month for me. From now on, NEVER trade in November.. I hate this month. lost all my gains of the year because of SOL. now waiting on BALT to recover some of the humiliation.

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  21. xxxHuggieBearxxx

    1) My BALT gains offset all my other market losses today.

    2) Your BALT bulk up may be directly filling my coffers.

    3) My FLY mean reversion trade is paying off big.

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  22. ironbird

    So tingle fingered. Dude, did you know mammograms are free and asshole young healthy peeps could bankrupt the system! Fuck the young.

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    • ironbird

      The spy agency is not a problem, at all. The king said so. And. If by some unspeakable reason they did become one!?! The king will rewrite the rules by dictate. God save the king.

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  23. Guitaria

    Fly, please correct this injustice:

    http://seekingalpha.com/author/jacob-steinberg/comments/symbol/yelp

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