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
23,428 Blog Posts

MAKING LATERAL MOVES

I am done for the day and perhaps for the rest of my life. I took liberties to sell, mind you, all of my XONE position. I had a look in the mirror, or the looking glass as some like to call it, and pondered to myself: “why in the world am I long this stupid 3-D stock?” I immediately took action and sold it before it could drop again. It had made a miraculous comeback and I locked in a 5% gain.

At the end of the day, I am loaded up in TLT, cash, utilities and a sundry of exotic and unique stocks–most of which are trending higher.

I wish all of you the very best, even though you don’t deserve my well wishes. But this charade, this fanatical, servile, march higher is coming to an end. Failure to acknowledge the opinions of those who know better than you might lead to your ultimate and untimely death from the stock market game.

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22 comments

  1. Jerry

    wow that was hilarious

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  2. halfbloodpope

    Cheer up old chap. Dust off the sports car and take the wife out for a ride through the country side to get an iced cream cone.

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  3. UncleBuccs

    Happy Labor Day weekend, Dr. Fly. Maybe in the spirit of honoring your laborers, you might take the lovely Mrs. Fly out for breakfast.. if a charitable mood overcomes you.

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  4. tradercaddy

    What do you make of VXX?
    For the last week it has been pretty stable on up market days and is actually going up on flat days.
    Is it telling us something or is it just the way it is set up type trickery?
    And speaking of “rest of my life” it’s a bitch trying to find a place around here for a natural burial (Gainesville is it- the burial biz is a rip).
    As I am a couple hours from Gainesville I will have to have my kids stick me in the trunk and drive the body just like Weekend At Bernies. Told them to stop at a great BBQ outside of town and throw in a pulled park samich. They aren’t cooperating.

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  5. tradercaddy

    Forgot to add to have a nice three day weekend to all.
    Off to see the Rays-BoSox and a W/E in Tampa.

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  6. Quality Control Inferno
    Quality Control Inferno

    XONE has 55% short interest and a tiny float. The slightest bit of good news will send this thing up. 5% either way is not much of a move. I implore you to get back in and hold for a huge short squeeze in the near future. I’m thinking 30% or more.

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  7. it is showtime

    One of my wishes is an unrigged market
    Just operating normal. Without obvious nauseating gagging end of trade pushed programming (gee kind of like today)

    Logic to me does not say they are doing this for your, country’s, or world’s benefit. They, want, you, to, think, it is. As fly says: A game? Games have endings

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  8. BlueStar

    Fly, Enjoy your weekend. Nice come back from down 37% to down 13%. Your critics blow.

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  9. gorby

    Shane,Shane, come back.

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  10. Wildcat

    Le Fly,

    Your the Kenny Powers of Stock Bloggers. I appreciate your style and wit.

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  11. djmarcus

    Fly, what are the odds we get a gentleman’s guide to labour day??

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  12. matt_bear

    It’s like Memorial Day without the memorial part.

    Same round of hotted dogs, cole’d slaw, and shitty keg beer in solo cups.

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  13. Raise taxes, cut spending
    Raise taxes, cut spending

    Are you making any adjustments to your investment accounts to prepare for a possibly rocky September?

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