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
23,419 Blog Posts

There is Nothing to Buy

I’ve been sitting here for hours trying to find something to buy. I am practically begging to reinvest my cash. But  the answer keeps coming up the same: “Fly, why don’t you go out for a walk or do something other than bother to find something to buy–BECAUSE THERE ISN’T ANYTHING WORTH BUYING NOW.” In case you’re wondering, those words came directly from my urinal shadows.

I really, really like how the fracking sector is performing, especially my SLCA. But I already own it. I am tempted to buy EMES, but not really. There are a slew of small caps worth a shot–but I already own too many. I was going to get long WFM–but not before earnings.

Essentially, I am stuck here waiting for my current positions to pan out, a sure sign that the market is unappetizing. I hope that I am wrong–but I rarely am.

Let’s see what the last hour of trade can produce.

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11 comments

  1. NON Solo

    Fly, you plan on holding RUBI through earnings on 7/29?

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  2. charlie

    Just finished season 4 last night.

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  3. Trent J

    I never ever short stocks but I thought with Ackman and this Herbalife deal I’d get some puts. Only thing I did today.

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  4. NON Solo

    RUBI is popping for the 2nd time today.

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  5. matt_bear

    these hoes ain’t loyal.

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  6. it is showtime

    took some RUBI, seems to be defended here, at least

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    • NON Solo

      bought or sold? It’s losing streak might finally be over. I got in at $9.26 today.

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      • it is showtime

        bought. No great feat. Taking advantage of a lower price on someone else’s pick.

        9.30

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  7. budh

    Short HLF, (or buy the puts) massive fraud according to Montauk.

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  8. forgetalpha

    HLF

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  9. budh

    AAPL for the $100 roll.

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