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
23,414 Blog Posts

Just When I Thought I Was Out…

…they pull me back in.

Naturally, the idea that as soon as I capitulated and bought stocks, the market would top and I’d run upstairs to cry under the blankets. But only suckers think like that and “The Fly” isn’t a sucker; I’ll have you know. Should my positions trade lower, I will buy more.

The two that I’ve initiated, thus far, aren’t earnings risks and are undervalued. In the case of EZPW, once people start sniffing around the balance sheet, I suspect they are going to like what they see, AND MORE. It is ripe for activist shareholders, someone with a very sharp ax to grind.

I was going to buy WPRT; but my conviction level isn’t there yet. I was also interested in EGO; but then I was quickly reminded that EZPW is an ancillary play off gold, rendering it redeundant.

SALE is a high conviction play for me and I loathe the fact that I didn’t buy during yesterday’s temporary dip.  I have a lot of money to invest and will be quick about getting started,  regardless of whether we’re overdue a pullback or not.

 

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10 comments

  1. EC

    I did a bit of research and bought SALE as soon as you mentioned it!!
    Thanks “The Fly”

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  2. Go Show Carlo the Tree
    Go Show Carlo the Tree

    my wife is upstairs crying, cars are coming and going, so Consigliere, why don’t you tell your Godfather what everybody else seems to know….

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  3. Go Show Carlo the Tree
    Go Show Carlo the Tree

    they got sonny on the causeway.. also I really like PLUG here!

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  4. Go Show Carlo the Tree
    Go Show Carlo the Tree

    call that undertaker, Buonasera.. also pick up HIMX and FTK on this pullback

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    • The Pirate

      Carlo, Whatya gonna do? Nice college boy, eh? Don’t wanna get mixed up in the family business? Now you wanna get into this market because the ‘Fly’ shook you up a little bit? Whataya think this is, an investment bank where you gamble with the clients money? You gotta get up close like this, risk your own money and… badaBING! You might blow all your cash all over your nice Ivy League suit. C’mere… you’re taking this very personal.

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  5. Stockgator

    GDP one of my favorites. Beaten down nat/oil play, that is shifting to more oil after too much nat exposure. Weekly chart: http://screencast.com/t/VEmLSwupk. Daily chart: http://screencast.com/t/cApp47w9Ya7z
    Oil is gaining some steam. Good spot imo.

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  6. OG

    Bought SALE on yesterday’s tip since you brought it to my attention. Many thanks kind sir.

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  7. Danny1980

    EZPM for the win SIR

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  8. yoshii11

    stock plug…ISRG would love to see some of your coin. back to 500 is what I’m shooting for.

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