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
23,447 Blog Posts

Don’t Be a Bottom Feeder

Take it from me, a virile man with nearly two decades of industry experience: QUIT BUYING PIECE OF SHIT STOCKS AND PIECE OF SHIT INDUSTRIES.

Let me explain.

There are times when buying the blood makes sense, especially when there are bad market conditions. Then there are times when buying bad stocks and bad sectors is simply a waste of time, just like my experience in VALE.

Believe it or not, I am not referring to oil, since oil has been trending higher for a month now. I am talking about trying to pick off lows in commodities, like gold, silver and natural gas. These are broken commodities and aren’t in the matrix of where money flow is going. You’ll either frustrate yourselves in dead trades or get lucky. One way or another, if you’re following any disciplines at all, you’d be wise to avoid playing these ridiculous commodities.

We are in a world filled with innovation, free cash flow coming out of ears, and you’re wasting time/money trying to catch knives in ancient sectors?

What stocks are good now?

For crying out loud take a look at 20 out of 35 of my long term holdings ripping higher today.

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7 comments

  1. helicopter ben

    People wanna be Paulson and Livermore when they should be trying to be Fly or Buffett.

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  2. Marc David

    Can’t believe some PT in my gym said the word “functional exercise.” Never ends. Never will.

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  3. matt_bear

    my apologies for ashing the cigar on your floor. i was more worried about my scotch glass.

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  4. boyaj

    Dr. Fly, in the PPT or Exodus, will you consider identifying which positions of yours are the long-term holds? Thank you in advance, and appreciate the insight as always.

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  5. C. Montgomery Burns
    C. Montgomery Burns

    long%20VALE

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