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

Over 700 Stocks Were Down More than 3% Today

I sold out of GAS to raise more cash. I am going to keep an open mind here and not allow my bias to get in the way of buying a hardy dip.

Rich men are born in the pits of hell, not the clouds of elysiam. What’s important to know is that I lost less than the average folk today. I have a war chest of cash and many holdings in treasuries and utility shares. I have a heart to buy this decline, but my brain is telling me to slow my roll.

Tonight, over a few cups of black coffee and roasted beef sandwiches, I will build my ‘buy the dip list’ and share it with those of you who aren’t lunatics.

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12 comments

  1. Jeff

    Go Raw Fly dog.

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  2. patrick

    Fly, I made a killing in IFON thanks you. What do you make of the recent price action?

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  3. Liza

    Love it!

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  4. it is showtime

    Your dumb dow is up 5% for the year. Whoops. 3.5% after today

    Not getting the clownass 30% you got last year

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  5. Rlbrkr

    That last sentence is a classic.

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  6. ironbird

    Forrest Gump would have ice bucketed himself to death while waiting days for a fucking phone. The tape will follow the retardation of america.

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  7. goose20

    You said 700 stocks out of how many total now…4k or 5k? That’s still a bunch of distribution going on!

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  8. Metalleg

    Roasted beef is so much better than the roast beef my mom used to give me.

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  9. AJ

    I am interested in the list.

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  10. Quiet Storm

    My thoughts on your latest market selloff call. Lol.

    http://youtu.be/kT3OQwyvKmk?t=31s

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  11. micromikephilly

    Yes, a lot of stocks,especially in tek are looking good and that really scares me

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