iBankCoin

Get Back Down, Dogs!

High growth names are being whipped in the face today, one day after a respite. This is the very worst case scenario and reaffirms my position that these stocks need to be filtered through earnings season. The only thing that will shut you idiots up, for good, is massive upside beats. Anything less than that will just lead to more of the same, inane buying into “old tech” stocks like WDC and MSFT, while ignoring where growth lives.

I like the news out of AMZN, as Bezos continues to take over the world. I will buy more if it trades down.

My top performer today is ANGI; but it’s not a very large position.

In short, I am being whipped about the face and chest today, after talking trash this morning, half bragging about my fantastic positions, defeated once again by victory.

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27 comments

  1. Bart Smith

    Splunk is Crap.

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  2. treepart

    Fly your old friend GOGO is having a nice 3 day run here.

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  3. og

    Should have added to TSLA instead of YELP yesterday.

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  4. xxxhuggiebearxxx
    xxxhuggiebearxxx

    Its time to get in the emerging markets.

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  5. Bart Smith

    All your junk picks are down big.

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  6. Bart Smith

    Don’t you folks get it? People that sell these “subscriptions” are not successful traders they make money on subs not their picks.

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    • jules

      He doesn’t offer a stock picking service. The subscriptions are for a quality algorithm product which has an annual fee less than a shoemaker’s weekly salary.

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    • Genghis Khan

      You are testing our patience, shut up immediately.

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    • Dr. Fly

      Bart
      I don’t offer subscription services for my picks. Those are provided for free of charge here. I am transparent with my wins and losses because it’s a process, not exactly a seemless one that many in my industry would like you to believe.
      While you might mock me now for having some down positions, rest assured, I will be the one sticking a sword through your eye socket by the end of the year.

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      • J Livermore

        “sticking a sword through your eye socket” Right on !! HAHAHAHAHAHA

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      • matt_bear

        i have a mental image now from the movie Troy when Eric Bana falls to his knees and Brad Pitt does his thing.

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  7. J Livermore

    $AMZN will see 400.00 before 330.00.

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  8. matt_bear

    First Solar is deserving to be in your category of “very best stocks” in America.

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  9. bart smith

    Well Mr. Fly at least you are honest.

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    • The Fly

      Bart

      I am only human, subject to both insecurities and pride. You on the other hand show no humility by trolling here with blanket insults. Shame on you.

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      • halfbloodpope

        Without the host there can be no parasite.

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      • alf44

        .
        … okay, who ARE you ? And what have you done with the real Fly ?

        The Fly I used to know would kicked that guy down a flight of stairs.

        🙂

        .

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    • Genghis Khan

      He is also kind, as evidenced by your ability to continue to lurk here, undesirable though it is.

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    • Granpa

      No knowledge of history makes you seem foolish, at best, on this site young Bart.

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  10. PJ

    Been picking away at IFON. Seems to be down on no news and a high beta correction. Business model looks very good. What are your thoughts on the next quarter? Am I crazy to keep adding? Thanks

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    • matt_bear

      it was up 571% in a mere 2 months.

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      • PJ

        Very true but what market cap would you put on a company with north of 50 million in revenues, profitable with big insider ownership? You have a bunch of Pot companies with no revenue trading at 300 million market cap. Their Black Pearl has had great review and have a new product coming soon. Huge market opportunity.

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  11. gorby

    Fly I have enjoyed reading for 6 years.Of
    all the Guys out there you stand alone
    in making picks in the full light of day-no caveats,Sooo a big thank you.

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  12. dbstrings

    OA called this earlier this week: An up day, a fade day and then the beginning of the real momo rally. Record short interest with the retail money mostly on the sidelines for the most part does not coincide with tops. Shorts will walk down some high beta names today, but there is too much growth for them to stay there long.

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  13. owg144

    HIMX looks interesting

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