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
23,474 Blog Posts

Wake Up: There is Money to Be Made

The Home Shopping Network is a disgusting organization. Earlier this morning, I accidentally turned to that channel and I literally couldn’t get off from it. I then pressed “ok” and it asked if I wanted to buy one of their stupid products, which would be added to my cable bill. Seriously? One click shopping via the television? How long has this been happening? I had to turn off the whole cable box, in order to turn on CNBC.

NUS got fined $524k by China for whatever. It’s important for you to understand that the only reason why NUS fell from $150 to $70 was because of fears they’d be banned from China, which comprises more than 30% of sales. Sadly, I sold NUS a short while ago (the story of my life). Nevertheless, the riskiest part of the trade is now over. If this pulls back for reasons beyond my comprehension, I will be a buyer, as I feel the stock heads back to $150 within 6 months or less.

Futures are higher this morning and we’re overdue for a serious minded bounce. Carl Icahn just snatched 3 seats on the HLF board and the bulls are feeling a little energetic this morning.

If you enjoy the content at iBankCoin, please follow us on Twitter

4 comments

  1. matt_bear

    boards seats are like his dexter blood slides.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. og

    Momos still sucking.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. razorsedge

    ukraine, israel (embassies), washington state melting. sitting on my hands today.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. eazykid

    Is the reason you got out early on this and many other trades is to satisfy your impulsive readers? Think about it. Would people be reading your blog if the majority of your positions were 6 month + holds?

    • 0
    • 0
    • 0 Deem this to be "Fake News"