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
23,426 Blog Posts

Value Investing, Idiot Style

The funny thing about some of you miscreants chanting about PE ratios is that you own gold miners too, who are bleeding out losses. I understand your desire for high growth stocks to have PEs less than 20. However, in the real world, that is a rare occasion because high growth is bought up. If you are lucky enough to buy high growth/quality at a discount, don’t be afraid to buy it. Otherwise, quit littering these fucking halls with your stupid warnings of hell to pay because you just finished reading Graham and Dodd and you think those rules should be applied to social media stocks who are literally changing the way human beings interact with one another. I don’t think Mr. Graham would approve of your perversion of fundamental analysis.

I bought YELP today, in decent size, knowing it might trade down. I reserved some cash from my TRN sale to average down in YELP. My next purchase will be below $54.

But know this: winners will always be bought and profitable to its investors. It’s only a matter of time before YELP goes full GPRO on the savages who short it.

Today’s melt up was brought to you by cheaper oil.

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12 comments

  1. talivaldis

    PTK poet Technologies up another 10.06% today!
    Look up Ajit Manocha and you will discover why!

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  2. piratesmile

    I like Sinatra but that has to be the worst cover of Both Sides I’ve ever heard. Just sayin’.

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    • Dr. Fly

      If Frank was here, he’d flick his cigarette at you and say “who asked you anything, kid? Go get me another cigarette.”

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  3. piratesmile

    Yep, prolly would. I’d go get him one too.

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  4. bchu12

    Thanks for your commentary in gold miners today. Really helped my Jung position. Lol!!!!

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  5. it is showtime

    reminder.

    your cheap gas
    hoopla

    a number
    of regions
    in the world

    starting to face
    I N S T A B I L I T Y

    how much would i lov instability

    A worm in my teacup for violation of banning

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  6. juice

    Miners bleeding out losses is rear-view mirror stuff, son ….. here on the street, Wall St that is, we like to look around the next bend .. that’s where the big dough rises … don’t you know that gold is destined for 5 to 10K in the not too distant future? Just ask the Gint

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  7. bchu12

    Doesn’t matter if miners are losing money. So is Amzn and they still go up. Trading is all about perception and bearish sentiment has never better greater on miners. Long $jnug until Fly gets bullish on gold. That’s when I switch to jdst

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    • zombie

      You must be new here, bchu12. Allow me to show you how things work around here. The Fly is God.

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  8. Dr. Fly

    Banned you stupid shit

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  9. Dr. Fly

    Of course the miners bounced, as I said all dead dogs will. Ultimately, you’re a stupid shit and will be removed from your currency

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