iBankCoin

Just Because Tech Stocks Are Cratering, That Doesn’t Mean They Ain’t Cool

Both AAPL and FB are set to post earnings tonight. The street cannot possibly be more negative heading into these reports. So.very.exciting.

I can hardly wait for my stocks to leg down another 5 points tomorrow, should FB miss. Did I tell you how appreciative I was to see all of the vagrants back in the comments section after 6 up days?

I am going to stop talking now, as I feel with a deep sense of superstition that the more I talk the lower my stocks dive.

Bidless tech sector, once again, plunging the dagger of speculative fervor deeper into the hearts of traders.

NOTE: But the Dow is barely down tho.

 

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89 comments

  1. Bernard Cornfeld
    Bernard Cornfeld

    I’ve always thought money was cool though?

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  2. wtf!

    They are more than cool, they are downright dead cold.

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  3. Genghis Khan

    If AAPL, a value stock, doesn’t get some love today, you can shoot your four horsemen dead tomorrow.

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  4. Schizo168

    Nice call on data… ????

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  5. matt_bear

    Gold and Silver stocks are for losers.

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  6. Jeremy

    My guess is fly has been cutting back today

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  7. Trading_Nymph

    I pulled up what I wrote in 2010, before QE 2, 3, etc…come on 401ish. lol. http://ibankcoin.com/king_of_the_pg/2010/06/22/apple-for-my-teacher/

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    • matt_bear

      what is in your avatar? is that chick wearing a pastie on her right breast?

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      • paradox

        Don’t you know anything? That is bjork in her swan outfit.

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        • Trading_Nymph

          White Swan…Still can’t find my Black Swan.

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        • matt_bear

          she’s over the age of 47 so she doesn’t register on my radar.

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          • paradox

            She wasn’t when she wore that. Picture is close to 20 years old.

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          • Trading_Nymph

            I posted my real pic here when I first came here. Jake G said I looked like her ala swan, he likes her a lot. My Friends and I think I look a lot better, lol. BTW, a Stock Split is NOT how I wanted AAPL to drop under 401ish..lol.

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          • Trading_Nymph

            Had to switch to Avatar from real pic after one guy was crazy violent.

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  8. nohomo

    tech stocks are the most over-valued part of market.

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    • The Fly

      says who?

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    • Gary kaultbaums evil moustache
      Gary kaultbaums evil moustache

      Weren’t they overvalued when they were sprinting higher. Weren’t they overvalued at the beginning of 2010,11’12 & 2013? Your argument sucks. High growth tech stocks are never cheap. Go back to watching cnbc

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  9. Genghis Khan

    Judging from the title of LeFly’s post, If I were to guess, I’d say the Senior is averaging down on FEYE as we speak.

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  10. Mr. President

    We shall see within an hour or so

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  11. JV

    OY FEYE !

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  12. chub

    fok tech. fml!

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  13. The Real Muppet

    What happened to the pretty girl on CNBC and who is this monster?

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  14. Cascadian

    SCTY will be 200 a year from now.

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  15. juice

    blame it all on the Gartman .. he went bullish again monday evening … doh!

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  16. Mr. President

    FB FTW

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  17. matt_bear

    ANGI with a huge beat.

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  18. ironbird

    FB having a GILD response so far. Weak.

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  19. it is showtime

    Boring tape

    Oh but underneath!

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  20. og

    FB nice beat but lame CFO stepping down.

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  21. alf44

    .
    … nice little Bearish Engulfing candle today on the FB daily chart !
    .

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  22. Jennifer

    Don’t worry…these pissants will be blown out of the water soon enough. Uncle Warren even said the market ain’t in a bubble and will go much higher over time.

    Keeping with the momo theme. I added to CSIQ and BIB today on weakness. These are the real winners of tomorrow, don’t kid yourselves. Coal is kaput. What shall replace it? Hmmmm lets see…what does O-bum-a favor?

    IBB is the Nasdaq of 1998…a brief dip on the way to doubling again.

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  23. YPT

    Should be positive security stocks, FTNT excellent report, shows IMPV one off.

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  24. alf44

    .

    “Teddard” … we hardly knew ye !!!

    .

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  25. Jennifer

    Great numbers indeed. Oh but nymph says we topped 10%. Which makes total sense

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    • The Fly

      Which Jennifer are you?

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      • The Fly

        AAPL +7%

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        • Noni Kavuri

          Fly, thoughts on Apple splitting their stock to make it look more attractive to investors?

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          • The Fly

            Love it. It appeals to the fanatical hipster who scoffed at expensive stock price. It also makes AAPL eligible for Dow 30.

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          • Noni Kavuri

            Dow has a maximum price eligibility? I know it’s a price weighted index, so I guess that makes sense.

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        • alf44

          .
          … that AH Gap Up is big ole matsah ball hangin’ out there !

          SHIT !!!

          —–

          And a 7:1 split announced, as well !

          .

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      • Trading_Nymph

        Agree, Which Jenny are you? Most People in hindsight say they buy at the top, I would say that is what this 10% is all about. Not sure why anyone is buying it?? But I am Bear.

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  26. Jennifer

    10% ago that is

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  27. matt_bear

    Apple has finish completion of their own orbital space cannon and is now in flight zapping bears in the AH.

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  28. Jennifer

    I’m the real Jennifer that mocked your manipulation of balt.

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  29. og

    Retail will now think Apple is cheap again.

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  30. ironbird

    This AAPL split and buy back nonsense is all old man.

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  31. Bruce J Keller

    For NQ this could either be the beginning of wave 5 down since decline or could the the start of the down portion of a wave 1 up. 😀 Your pain should end soon either way, but I assume you’d want the latter.

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    • jules

      so either way it’s 50-50? spot on analysis. Where can I learn about this Elliot wave stuff?

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  32. Jennifer

    Duck yeah I’m bullish as of last Tuesday. Long csiq and bib mainly amongst others

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  33. J Livermore

    According to “Zuck” Facebook has the best content on the web… Really?

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  34. J Livermore

    Time spent on FB, blah blah blah blah…great ad experience blah blah blah app installs blah blah blah percentage of revenue blah blah blah blah

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  35. J Livermore

    More from the facebook call:
    variables blah blah blah blah engagement blah blah blah blah ad load blah blah blah aggregate in our data blah blah blah blah organic content optimized for users blah blah blah blah target space blah blah blah blah very focused on consumer growth blah blah blah blah great returns for marketers blah blah blah blah mobile monetization blah blah blah blah how will nearby friends be tied in blah blah blah blah social networks blah blah blah blah partners and partnerships blah blah blah access to data for the first time blah blah blah blah announce the deal blah blah blah blah

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    • TJWP

      Hey its a business based on the idea of selling products to people who spend their days on facebook. They sure sound like the productive high earners I want to target my marketing too.

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  36. Db6strings

    All day long CNBC sang the Einhorn bubble song. Funny that so much time was given to his grand bubble theory on the day FB and AAPL crushed their numbers after the bell. I wonder how much of his basket of shorts he covered while CNBC, the hedge fund shill, scared retail and weak hands out of the other growth names or worse got them short. Seems like there a lot of retail shorts on the message boards.
    I bought FEYE and YELP today.

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  37. Mr. Partridge

    They are not cool … XLE and it’s components are, for me of course.

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  38. bombarq

    I lost a lot intraday shorting wday at the explosive big green all time high bar after last earnings release and where is it today? and I lost a lot in feye today trying to buy it following yesterdays explosive rally. I dont hold anything and I am wondering was today the bottom since I got smoked again like this?

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  39. speerothekid

    thanks for the book of face

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  40. gatorsun

    zucker says”dude buy book of faces”

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  41. gatorsun

    even ANGI is putting out..its all good

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  42. bood

    earnings are a beat.
    we were in a bear trap .
    all as expected .

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    • ironbird

      Hope you are right. The earnings beat pop at the open has been hammered in a few names. YUM today.

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  43. InAHole

    Fly, I am posting anonymously since I am embarassed about my state of affairs, but I am down close to 35% today buying on your picks, some OA yolos, as well as my own picks none of which have done well. I know this is all my own fauly btw, about following others and etc.

    I was wondering if you can do a post on what your plan is?

    Are you waiting for the security plays to bounce, then you’ll sell, or are you still confident they can be higher in a years time? Also, if you do sell, is there another sector you are eyeing to help make back lost dough?

    I would just feel much less trapped if I had an idea of what another larger investor in a similar situation is planning.

    Thanks

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  44. negrodamus

    Looks like ur old man stocks are balancing u out Mr.fly, kudos to u young padowon…I own 5 shares in Apple myself how will this split work for me?

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  45. franky

    Dammit. I’m out of touch. What does fml mean?

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