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
23,445 Blog Posts

Melt Up Day

Today is even better than yesterday. Breadth is terrific and the bears are on the ropes. Let’s be honest, those clowns never had a chance.

All of the momo names are running. I really like JAZZ, XON, FANG and CNQR here. Then again, I’m just talking my book.

Back to the micro cap sector, I love IFON. I know people haven’t gotten around to the micro caps yet. But if and when they do, IFON is gonna rip.

GOOG is releasing its latest search engine software, Pando 4.0. Apparently, SALE and EBAY get hardcore penalized. Early reports indicate that SALE’s search engine results will be 50% less relevant with this new software. Really? I mean, that seems a bit punitive, no? I wouldn’t consider SALE a spam site. That’s why the stock is getting lit. If there isn’t any truth to this rumor, then SALE goes back up. Who knows?

Solar and biotech are being bid up continuously today. Good vibes.

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20 comments

  1. helicopter ben
    helicopter ben

    I’ve only been in the trading game for a few years, could you tell more stories of when people traded as opposed to melt-ups done exclusively by robots squeezing shorts?

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  2. jdf

    Very jovial today…the meds must be working.

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  3. sloop

    I am LOVING!!!! today!!!!

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  4. sloop

    Congrats on your XON BTW. Wish I had bought some.

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  5. og

    As a cheapass that uses RetailMeNot, I have noticed they very rarely have coupons now and mostly just links to sales the websites themselves already have. Getting pretty useless.

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  6. bchu12

    @fly….i agree, a melt up but all are up against resistance now. IBB up against that rock hard 235 resistance level

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  7. flyaway17

    I suppose Blue Star’s thesis remains in tact?

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  8. j livermore

    Enjoy the fun while it lasts, cause it won’t.

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  9. bonobo smores

    With you on IFON, medicus. Gave back half of yesterday’s gain on MY but added to position.

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  10. NON Solo

    Fly, is it idiotic to short YELP right now after today’s run up?

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    • jon v

      No go right ahead. I need more covering.

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      • NON Solo

        I’m short from $60.90. the stock is up almost 13% in the last 5 days

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        • jon v

          And down 40% from March.

          It doesn’t matter. This is the Google of local search.

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          • NON Solo

            You don’t think I can get a pullback to low 50’s for a nice profit?

            I love Yelp as a company and love it long term, but this stock lost ~50% of it’s value in a span of 2 months. it’s going to take time to make this back.

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  11. Mr. Partridge

    RY TD BNS BMO TU BCE been blogging about it on this site since forever lol still holding all.. they told me old man stocks are boring.

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  12. macpatton

    What do you think about the ipo GPRO.
    http://www.bloombergview.com/articles/2014-05-22/gopro-may-give-the-iphone-a-dangerous-ride

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  13. sloop

    I went cash at about 3PM Eastern. this is a traders market only

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