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
23,430 Blog Posts

This 4th of July Belongs to China

I realize many of you Americans like to eat hotted dogs and frenched fries during your nations birthday. You hang around the pool, with your fat wife, texting your mistress. You guzzle can after can of “Coors lite” and Budweiser beers, inebriating yourselves to the point of stupor. Then you blow off each other’s fingers with small sticks of dynamite (made in China), pretending to reenact, in some sort of perverted way, the revolutionary war.

As all of this happens as the sun gods shine on the magnanimous nation of China. Gone are the days of fortune cookies and #3 fried rice specials. The 21st century belongs to China. Get used to their accounting practices for they will soon become the gold standard!

Being the sagely sage that I am, foreseeing these events, I positioned myself alongside the communist party aka “The Red Chinese” through the purchase of LEJU. I’ve been a spectator of the great chinese burrito for a long time and now it’s time to join in the fun.

Finally, I will have you know that I intend to liquidate some of my American domiciled names, before this 4th of July, in favour of equities that hail from the land of mandarin.

God bless Beijing.

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25 comments

  1. drake sucks

    you must be single digit losses now for the year? No snark – thoroughly impressed with your comeback in the face of constant ‘top’ and ‘doomsday’ callers

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  2. Peter Schiffed his pants
    Peter Schiffed his pants

    Nobody says it better!

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    • Sooz

      HAhahaah..
      Pretty d@mned funny name, Peter Schiffed his pants.

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  3. J Livermore

    Ms. Yellen is having teac and crumpets with some other grandma on CNBC…now they just went to a five shot with a big Mawissa Wee in the middle. It breaking news Damn It !!!!!!!!!!!

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  4. J Livermore

    Weformed Bwoker has now joined Mawissa Wee on set.

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  5. budh

    Does that statue on your front page have a large pnus? (no homo)

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  6. TraderCaddy

    Last time I was in Chinatown (NYC) I had porridged congee with garlicked peppers.
    The riced beer was good.

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  7. Yinser!

    Fuck chiner stocks. All you ppl do is react to the past….lame.

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  8. TraderCaddy

    Don’t recall who it was but kudos on the FCX call made a couple of weeks ago.
    I still believe we are seeing the beginning of an eye popping gold stock move.

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  9. JV

    52 week H today > GILD GTAT XIV

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  10. I Am Jesse Livermore

    I am right there with you Fly. Long JD, DANG, WUBA. I, for one, welcome our new Chinese overlords.

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  11. C. Montgomery Burns
    C. Montgomery Burns

    Can you get that RONG XU guy to wake up YELP?

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  12. Overlord

    That girl knows how to blow a stick!

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  13. Frog

    I think we need Right Xu instead.

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  14. traderconfessions
    traderconfessions

    NQ bottle-rocketed this morning to crazy heights… around 15% increase… before gravity prevailed. Still never comfortable putting a big chunk into names.

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  15. Jennifer

    Your BALT is tanking

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  16. The Zombie

    Fucking brilliant.

    The Fly is God.

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  17. rahagar

    TCEHY for the long haul. It is China internet and more…growing as fast as mold on a ballpark hotted dog bun. Big, but yet up almost 4% this week.

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  18. bchu12

    whats your price target on LEJU

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  19. I Am Jesse Livermore

    Fly, I know you like insider buying. Check out NES.

    The CEO of NES bought $377,969 of stock on 12/10/13 at $14.37-14.50. Other officers/directors bought $298,541 of shares at the same time.

    CEO then bought another $720,372 in March for $18.60-19.07. CFO also added $44,675 worth at the same time.

    So the CEO is in for about $1.1 million. The stock is now trading at $20.37.

    Full disclosure I am long.

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  20. Proud 'Merican
    Proud 'Merican

    They’re called “Freedom fries” commie

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