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
23,431 Blog Posts

A Face Made For Punching

I had ample opportunity to sell out of ANGI when it was above $12. Now that the company has decided to suck, I am left with only one option and that is to sell. This company should be take over in the most hostile way possible. If I was leading a consortium of investors to take this company over I’d make sure that management paid for their sins. Sadly, I am not leading a group of vindictive investors, hell bent on ‘revenge trading’, so I must sell. The good news is the position was very small, like a inconspicuous side table in a room filled with decadent furniture. You hardly know it’s there, unless you look for it.

All that aside, everything else looks fairly peachy. However, in light of ANGI’s explosion, I think you should be mindful of riding positions into earnings. If you’re diversified and have a longer term approach, ignore my warnings. But if you are the degenerate, vagrant sort of investor, heed them with every fiber of your existence.

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16 comments

  1. Marc David

    Can’t you buy enough to do a hostile takeover? Get rid of Angi and make it FlysList

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  2. drake sucks

    Thought every small business and contractor used it, etc. etc. etc.

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  3. traderconfessions
    traderconfessions

    don’t know anyone who uses it..

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  4. ff

    that is why you don’t buy crappy small caps with garbage earnings and balance sheets

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  5. Bob

    A bunch of shitty stocks that he is losing money on

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    • Dr. Fly

      Do you know what’s funny Bob?

      No one gives a shit what you have to say. As a matter of fact, you’re so insignificant, I’m not even going to ban you. I’ll let you rant away because NO ONE GIVES A SHIT ABOUT YOUR PATHETIC EXISTENCE ON THIS PLANET.

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  6. ottnott

    Angie, Angie, when will those clouds all disappear?
    Angie, Angie, where will it lead us from here?
    With no loving in our souls and no money in our coats
    You can’t say we’re satisfied
    But Angie, Angie, you can’t say we never tried
    Angie, you’re beautiful, but ain’t it time we said good-bye?
    Angie, I still love you, remember all those nights we cried?
    All the dreams we held so close seemed to all go up in smoke
    Let me whisper in your ear:
    Angie, Angie, where will it lead us from here?
    Oh, Angie, don’t you weep, all your kisses still taste sweet
    I hate that sadness in your eyes
    But Angie, Angie, ain’t it time we said good-bye?
    With no loving in our souls and no money in our coats
    You can’t say we’re satisfied
    But Angie, I still love you, baby
    Ev’rywhere I look I see your eyes
    There ain’t a woman that comes close to you
    Come on Baby, dry your eyes
    But Angie, Angie, ain’t it good to be alive?
    Angie, Angie, they can’t say we never tried

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  7. johnrotten

    Doesn’t HomeAdvisor trump ANGI? I don’t use either but I do use the shit out of TripAdvisor.

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  8. Greg

    I get that they need to monetize it. However, their image and entree is a crowd sourced “real” review site. When it descends into paid-for ranking or priority, the bloom is off the rose. They are not serving the core audience if it becomes the yellow pages.

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  9. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    It was only a matter of time before the delusion broke and people saw the truth. They will eventually go bankrupt.

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  10. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    What is up with the moderation

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  11. Billy Cutting

    anxious for WFM earnings..love the co LT, currently holding AUG puts..may cash em in and sit this one out

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