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
23,433 Blog Posts

The Fly is Now a Homebuilder

I sold out of most of my FEYE position. Being up a little more than 10% in a stock that nearly destroyed, me earlier this year, has left me somewhat satisfied. Therefore, before things start to go astray once again, I took profits.

With the proceeds, I allocated my January funds to HABT now. I do not want to wait for a SHAK ipo to buy. This stock will be $45 by then.

I also started a position in TPH, as it is my belief that US homebuilders are on the verge of busting loose.

When I buy a stock, I embody said industry. Therefore, it goes without saying, I am now a burger flipping homebuilder.

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11 comments

  1. J Adabese (your pen pal)
    J Adabese (your pen pal)

    I just got into the waste management business ($CLH)… Can I rent you a dumpster Le Fly?

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  2. bonobo smores

    Yeah, the turtle was a home builder once, too.

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  3. bart smith

    $habt looks like it may have another downleg to under $30

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  4. matt_bear

    so The Fly’s plan for 2015 success hinges on building homes and eating burgers.

    ‘murica.

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  5. bart smith

    Funny $yelp has a bunch of high prices targets in the $80 area. Is it ever going to move there?

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  6. fluxcapacitor

    Still in YY ?

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  7. budh

    Is the food at SHAK healthier, or less healthy than MCD?

    Oh, and buy LEN!

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  8. mx2101

    As always, no disrespect for the stock trading decisions. The market price pays.

    On the underlying side though, who will be buying new homes? For most folks, isn’t a priced to perfection mortgage payment an aspirational expense that takes the air out of the room?

    I realize people feel trapped and “have” to do something. Domestic pressure is intense, did you sense Rhino is still feeling the heat about a house?

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