iBankCoin

THE COURRECTION IS UNDERWAY

You were given a week in advance to prepare for this eventuality. I told you “The end was near” when at “The Mountaintop”, yet you stayed for that one final drink of perversion and greed. Truth be told, just yesterday I marveled at my exposure to the market and pondered whether or not it was “wise” to keep buying into the crest. I informed my wife, and this is the truth, that “I hated making money so easily” and wanted to be challenged.

Challenge accepted!

I am all out of my largest position and my 2nd largest position, RPTP, is flat for the day. I am getting my teeth kicked in (pun intended) with GOGO (its CEO was on CNBC yesterday and was disgraced by his abhorrent dental hygiene) and absorbing losses in AFOP and ANGI.

I have other positions in the green, namely ATOS and PRAN. In other words, this courrection, as many on the tele like to call it, is nothing more than mere child’s play, a joke of sorts amongst clowns in the funhouse.

I am not afraid of a pullback because I am rich off of gains, leveraged off my ability, which is God given, to produce money out of the thin air and into my pockets. If I was stripped of everything that I owned and tossed onto the cold streets of Princeton, NJ, I’d make my way back to decadence, slowly but surely, the same way and manner in which it started 17 years ago.

Sit back, relax, and enjoy the scenery. Hopefully you have some cash, thanks to yours truly, and might be in a position to buy the blood, wholesale, after this panic has abated.

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15 comments

  1. j livermore

    ANGI not so bad.

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  2. ironbird

    GE topped out jan 1. That is exactly what a few sectors did last year. They all went down for months. Does GE mean anything for the SPY? Supposedly it did back in the day.

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  3. vigkap

    I reside in the hills of Appalachia and I must say that even in this area that set of teeth would be frowned upon.

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  4. dougn

    New subscriber to PPT with currently 6 Fly positions open This positions are down less then any other investment/trading block I own except muni cefs and fi cefs. These are for retirement income anyway but doing very well in this market. PPT good for me so far. Thx Fly.

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  5. freebie

    GOGO gadget toothbrush

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  6. UncleBuccs

    Dr. Fly, I’m a very superstitious fellow, and can’t help but worry that this Courrection is being caused by your sacramental burning of the Blackened Swan… Might you be merciful & sample a different blend in hopes of lessening this blow?

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  7. ripper

    FLY GET ON THE GIMO TRAIN

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  8. clegger_2000

    Fly for your to succeed must others fail?

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  9. juice

    your ability is God given or due to your own hard work?

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  10. milesknowsbest

    Fly, You strike me as an Arcade Fire fan…Are you?

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  11. stonecoldgee

    The Fly is a fan of Rick Ross

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