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
23,477 Blog Posts

$7 TRILLION REASONS TO BE LONG

The global cash horde is now up to $7 trillion, up from $3 trillion back in 2003. Throw in the avarice of those greedy men at private equity and hedge fund firms, and you have a perfect case scenario for mergers and acquisitions or “going private.”

To be short this market is like playing with firecrackers inside of your boxers.

I am very long shares of ANGI, much to your chagrin, and pleased to see it march higher. The same goes with GOGO, PRAN, AREX, RPTP, BMRN, ATOS–just to name a few. I’m also up over 72% on my Facebook purchase, executed in the low $30’s when all of you were laughing at it.

Although I am the first to point out how corrupt and ridiculous this market is, I am also the very first on line to receive my “fair share,” to possess what is rightfully mine–a piece of the American appled pie.

NOTE: I sold all but a few thousand shares of my BALT.

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17 comments

  1. chief keef

    yeah BALT looks sick…on to the next one

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  2. bensteinsmoney

    Check out MTSX … a cheap spec biotech you may also like …

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  3. kapitalist

    Any chance you will get back in shippers in February?

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  4. flyaway17

    Nice job on ANGI, was it Jules in the PPT who bought around high $12s? He nailed the bottom!

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  5. sk

    Great picture. Proud to be an American…where at least I know I’m free…

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  6. og

    NFLX shorts. lol
    Shame I’m not in this one.

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  7. kea

    Fly, Should we sell our GOGO shares because we don’t like the CEO’s teeth?
    Thanks, KEA, Your Local Orthodontist

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  8. heaterman

    How much aluminum does it take to build an F-150?

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  9. ironbird

    Futes puking a bit. Has been a really quiet tape since New Year.

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    • charlie

      I’m up double digits this year. Great tape.

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      • ironbird

        Agreed. Traders tape all the way. The SPY has been mellow small range without quick moves.

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        • ironbird

          The market of stocks has been great action the stock market has been mellow. Knew it could make sense on the second attempt.

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