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
23,433 Blog Posts

COWARDICE into The Bell

What a milquetoast close.

I do not consider this a vital trading session, since we’ve been through a lot over the past two weeks. Cowards got flat into the long weekend. It could’ve been a lot worse.

On the constructive side:

Analysts are out pumping growth names hard again.

Treasuries got smacked today.

It doesn’t sound like Putin will invade Ukraine any time soon.

Earnings have been impressive, thus far.

As far as my positions are concerned: FEYE is in such a depression. It’s hard to believe this is the same stock touted by a certain analyst as a “once in a decade opportunity.” The street could not get enough of its shares; now no one wants them. Singular indeed.

I sold half of my WDAY position, for a loss, and have begun allocating into YELP.

I was flat for the day, -22.5% for the year.

I am down 28.3% in FEYE, -10.44% in YELP (after today’s adds) and -16.4% in SPLK. I expect to eliminate the entirety of my WDAY position over the next two weeks. It’s down 18% from my basis.

Ideally, YELP sprints higher, I sell my lower basis shares and swap into SPLK, then with the profits from SPLK, load up on FEYE for the grande finale. If I can pull this off, it will be one of my greatest turn arounds ever.

Stay tuned.

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89 comments

  1. UncleBuccs

    YELP is a champ.

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    • txchick57

      It’s a f***ing website. Were you around in 1999/2000?

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      • jules

        GOOG is a website too, what’s your point?

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        • GREAT NOVELS FOR MENS
          GREAT NOVELS FOR MENS

          PFF lolozas GGOGL just websiote !!! hamalalala

          CORECTIoN — many bizness ,, space robort glasses n $$$$$ lotsa smartess reserchrs $$$$ can buy. GOORGLE iowns u. THEYOWNSEveR1

          yelp weaaakeh businis model-shit “””yaya less find out coffe shop or new sushi parlor for my dats open””” HAHAH

          grows up

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      • UncleBuccs

        Mr. Txchick, I was around then, but apparently you weren’t around two weeks ago when I told of YELP doing me a personal favor. This ‘website’ is 100% winship.

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      • og

        I wished I had Yelp back in those days. Would have saved me from eating at a lot of shitty restaurants while traveling.

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        • UncleBuccs

          og – ‘out of town’ is when I use Yelp the most. It’s a great service. Whenever I Google any business I’m interested in patronizing, Yelp is always one of the top results. People want to read reviews, and not eat crummy meals…

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          • og

            Yeah, I was afraid Google+ / Zagat would be a Yelp killer, but the reviews are horrible and still don’t know anyone that uses them. A lot of reviews with just a few sentences.

            Personally I use Yelp all the time for restaurants and local businesses. For hotels and some other travel info, I also use Trip Advisor.

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  2. dyer440

    Would be impressive. What does a world where this takes place look like??

    DOW 18000
    S&P 2050
    NDX 4300
    Unemployment 3.5%

    Doubtful

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  3. Jermey

    Teddard, what do you think of this laughable plan?

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    • Try-hard Teddard
      Try-hard Teddard

      Derp.

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    • Teddard

      It’s pretty bad, to be sure.

      What I look forward to is Flys “buys”, of course with no stated cost or quantity or percentage of total, then the explanation of how since “he bought the lows” now he’s magically break even for the year

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      • The Fly

        WTF are you talking about? You don’t even believe the shit you are writing–absolute drivel.

        You are a sad man.

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  4. jules

    Fly is this all happening before earnings?

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  5. incometrader

    Earnings so far are not impressive

    From Twitter @ukarlewitz via @factset
    16% of SPX has reported. 1Q EPS tracking -1.3% (decline) vs +4.3% on 12/31/13. Sales +2.1% vs +3.2% on 12/31/13

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  6. Jeremy

    Comin stop fake j

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  7. txchick57

    I don’t know what WDAY is but I think you did the right thing holding onto the FEYE. I like the looks of that one and I HATE tech and internet stuff. Good luck. I’ve seen you come back from worse (FTEK)

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    • incometrader

      FTK was one stock and only one piece of a much larger portfolio.

      The Fly does something like FTK on occasion but I’ve never seen anything like this before

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      • txchick57

        Who the hell are you? Get off his back. I’m sure you never lost a dime in your life.

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  8. Mister Jinx

    Bravo for being honest and open about those unflattering numbers. Seriously, it’s atypical and, I believe, pretty great.

    Likely hard to quantify, but I think it helps your credibility greatly to be as open and honest about your trades, both winners and losers. There are so many frauds out there who only tout their winners and are never specific about their performance.

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  9. Jennifer

    You are in the wrong are fly. Foreign stocks will continue to outperform. I bought several today. The reason? Simple: the us economy is stronger than it’s been in a while. That means fed tapering continues unabated. If that’s the case then the dollar rallies which makes foreign goods cheaper. It’s that simple

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    • The Fly

      Jenn

      I am counting on social media earnings to come in better than expected next week.

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      • GREAT NOVELS FOR MENS
        GREAT NOVELS FOR MENS

        EArNiAZ gonna b yelloned hrdf ,,,

        “it ws weathrr reltard softnezs in E-trffic)”

        xcpt WDAY i got scup qtr 4 ## will blow to upsiDe

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  10. Jennifer

    Sorry meant wrong area

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  11. the pirate

    The lyrics in the above music track are the most vile and disgusting I have ever read. A new low has been ‘reached’.

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  12. mman

    dude u r insane. ide10% loss on yelp is NOTHING. you should dump that.

    sell $wday in 1/2 as it is showing strength which means you can hold full also if you want.

    sell $splk in 1/2 if you want and hold rest half.

    $feye cut in 1/2 as you want to hold but want no more rout in that and hell no averaging please in losers!!

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  13. Drake sucks

    Fly you always said you were horrible in job interviews.

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  14. Hideous fibs

    Mr Jennifer for interim tabbed blogger (not my idea) but let’s cast a vote

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  15. Raise taxes, lower spending
    Raise taxes, lower spending

    The USA is the only economy where the number of companies leaving/delisting from the stock market is larger than the number of IPO’s.
    This is seriously bad.

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  16. ironbird

    Cowardice is good way to put it. Flashes of a polar bear or opex fuckery.

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  17. Zach

    Only chart set up out of the stock you own that looks good is WDAY and you decide to start liquidating this position so you can eventually buy more FEYE!? This is completely absurd. You are well on your way to completely blowing up your account

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    • The Fly

      This coming from some nondescript expert nobody named “Zach.”

      Fuck off

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      • alf44

        .

        … maybe he’s NOT nondescript at all !

        Maybe he is actually Zach Galifianakis !

        .

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  18. mackypinky

    2 weeks to unwind… Wow

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  19. dvk1970

    The Fly is like a Phoenix , happy Easter to all.

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  20. rahagar

    Still looks like a lot want out of FEYE. Every rally ape pounded down. Added a lttle today meself.

    Anyone foray into WB?

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  21. incometrader

    When in a big drawdown I often find it’s helpful for personal accounts to sell the stocks in question.

    Then look at the stock(s) and decide if you want to buy it back, the same day is fine. The act of selling clears your head and allows you to make a non-bias decision.

    If you buy it at that point then the trade still makes sense to stay in. Seems pointless but it’s amazing how well it works for restoring mental capital.

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    • unclehar

      So you trigger a loss, and then right away null it for tax loss purposes! WTF. You know better.

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      • IncomeTrader

        We don’t have that rule here but the point is often you don’t buy the same stock back. Once your head is clear you generally find better places to put your money.

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        • unclehar

          ok. So in your circumstance, fees would be the only issue. Cool.

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  22. Jeremy

    Why do you vaginas fight and argue so much?

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  23. Mr.Partridge

    Boss,
    I am about to misbehave on this pages lol I cannot believe you have allowed this behaviour to continue…
    At least bring the use of F word back, because if you will not I will curse every mother fucking degenerate here.

    Mr.P

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  24. Jennifer

    Uh oh Mr. Pussy is gonna yell at us for poking fun of the fly’s terrible year and weak ass attempts to get back to even

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    • The Fly

      Jesus fucking Christ, give me at least a month to make a dent you bitch

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    • Mr.Partridge

      I know Jenny, nobody as good as you.. after all you can suck your own cock, can’t you dear?

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  25. Jermey

    How did a picture appear above my name???

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  26. Jermey

    Everyone bashing your results should be forced to post a picture of their brokerage statement on the site, and their 5 best picks.

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  27. Jeremy

    It’s hard enough making money; and on top of that broadcasting moves…just brutal. I can see it being a good outlet though since it’s anonymous

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  28. Jeremy

    Gave up on the feye today, couldn’t take the terrible action anymore. But crushed the wb

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  29. Jeremy

    Who’s having good wine with dinner? I just opened a bottle of silver oak

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  30. Jeremy

    Most of you brutes are probably hitting that moon shine with fried gizzards and groping your wife’s older sister

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  31. ironbird

    Just watched Lou Dobbs for the first time on Fox Biz. Wtf. No wonder the tape is all fucked up. Bear shitting hard on GS earnings, overall market action and then 45 minutes destroying the 0. Makes the emerging market bid almost make sense.

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  32. Jeremy

    That’s your fault for watching Fox News

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  33. alf44

    .

    RADICAL IDEA :

    Easter Truce from ALL the backstabbing and bickering !!!

    Get away from this for a few days !

    Eat a Cadbury Egg !

    Enjoy the weekend !

    .

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    • unclehar

      OK you first….no matter what the chatter may bring…we’ll see you on Monday. Sunday at the earliest.

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  34. The Fly

    TEDDARD SAYS NO DEAL

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  35. Frog

    Happy Easter to All.

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  36. Juice

    i got my popcorn ready for le fly’s greatest comback, ever

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  37. zusch

    Trying to offset some losses with these damn auto play video ads?

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  38. The Fly

    TEDDARDATION: to pretend to know everything there is to know about the world, especially finance, supported by a third tier role in the field of aerospace. TEDDARDATION.

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  39. gianni boy

    How should a man best face his fears?
    The best way he possibly can. We all feel so sorry for ourselves, but we shouldn’t. We have to fight that feeling and know that life is hard, but it’s fair. People say life is not fair, but I believe that it is fair – it’s just so damn hard.

    How should a man take a punch?
    I can’t teach someone how to take a punch. That’s about internal fortitude. You have it or you don’t.

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  40. gianni boy

    excertped from an interview with Mike Tyson, a friend of mine

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  41. gianni boy

    then you read comments from Teddard, Huggiebear, JLivermore and realize what worthless pieces of human sewerage they are.

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  42. razorsedge

    http://youtu.be/Yzbx5BdEbw4 hey 4 da fly! when life hands ya lemons…make margaritas.

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  43. OnHisJock

    We’ve seen this no less than a few dozen times over the last several years. If you want to make at minimum 29% on your money, follow his every move as he gets back to even. Watch and be amazed.

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  44. Toe Cutter

    https://www.youtube.com/watch?v=37BMplDzJPE

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