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
23,468 Blog Posts

Boring…Waiting For Lower Prices

Someone wake me up when the bulls grow balls.

If we can’t bounce after a 330 point drubbing, we are going lower. I don’t make the rules. I merely read the tea leaves.

I’d get into watch lists and other things, but it’d be a waste of everyone’s time. You never pay attention to posts like this anyway. For some reason, you only pay attention to when I buy boat stocks or threaten to kill someone.

Nevertheless, if you’re cash rich like me, keep waiting for signs of courage.

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23 comments

  1. Trent J

    Yeah boring day, other than Gasparino and Cramer’s Shirt going at it on Twitter.

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  2. teslawasright

    Go Eat a Burger from the SHAK

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  3. gunrunner

    What is your cash position %, if you don’t mind me asking?

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  4. it is showtime

    The Odds WERE

    https://www.youtube.com/watch?v=_s7qgNMqDJI

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  5. lesurgeon

    Cash’d up, and G’d up like a mother fucker.

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  6. tradercaddy

    I also pay attention when you draw stock charts.

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  7. t.c.

    I would read a watch list. How bouts KEY, AFL, PCLN

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  8. rangersfan

    +1 Take the month of March off, sit on cash and chill the fuck out everyone.

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  9. gorby

    You hate this market. For you it’s
    like shooting fish in a barrel.
    For me I’m trying to find the barrel with the fish in it.

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  10. matt_bear

    BAC passes stress test, announces $4b share buyback.

    they just ashed their cigar on the taxpayer’s couch.

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  11. xxxhuggiebearxxx
    xxxhuggiebearxxx

    HUGGIE BEAR IS FULL UP ON CASH N PUTS

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  12. BlueStar: Contrarian Investor
    BlueStar: Contrarian Investor

    Its not that the bulls don’t have any balls. They are all in. No one left to buy.

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    • gorby

      well I am for sure and I don’t to be a contrarian signal.

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    • the profit

      Look, the bulls went to europe and went euro-hedged DAX. In fact, they are paid to hedge the DAX.

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    • it is showtime

      “The great bond shortage (thanks to Q€ monetizing well over 100% of the available net supply in 2015) is not just a European phenomenon this morning”

      So… They’ve run out of shit to buy with their poofed-out-of-thin-air currency? Does that constitute a joke? Jokey irony?

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  13. dewey dortmunder
    dewey dortmunder

    It is amazing how the bears having been dying to turn on the Colonel Kurtz machine seemingly forever.

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    • it is showtime

      “We Have Front-Row Seats To An Imminent Market Shock”, Hedge Fund Billionaire Warns

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  14. goose20

    For you shall Fly
    Michael Castor recommended 4 stock last year and they delivered an average
    return of 64%. On February 17th we sent an email and shared Castor’s two new
    picks: Harvard Apparatus (HART) HART is developing a viable artificial trachea. The technology starts by weaving a
    synthetic trachea scaffolding from a biocompatible polymer that has the right
    strength and elasticity. HART then incubates this sponge-like scaffolding with
    stem cells gathered from a patient’s bone marrow. The artificial trachea is
    formed as stem cells lodge in the pores in the scaffolding. Proof-of-concept has
    been established as this has been implanted in animals (pigs) and in six humans
    to date. When considering early stage technology companies, we look for high
    probabilities of success coupled with meaningful upside potential from a financial
    perspective. If development of the trachea replacement is successful, we
    anticipate pricing similar to other replacement organs (such as artificial hearts
    [aka LVADS]) or replacement enzyme therapies for rare genetic diseases. These
    costs range from $100,000 to $600,000 per year. If HART’s artificial trachea cost
    were $150,000 per implant, then 1,500 tracheal grafts per year (25% market
    penetration) would generate $225 million annually. Given the specialized nature
    of this therapy (most likely this surgery would be performed at fewer than 100
    academic medical centers in the US and EU), HART would have limited selling
    costs and would enjoy operating margins of approximately 70% in our
    estimation. This would result in operating profit of approximately $150 million
    per year and after-tax net income of $100 million per year which could support a
    company valuation of $1 billion (which could be as much as $60 per share).
    Harvard Apparatus (HART)
    Price When Recommended:
    $3.50
    Current Price: $4.08
    Market Cap: $42 Million
    Volume: $700 thousand/day Less

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  15. doubleplus

    “For some reason, you only pay attention to when I buy boat stocks or threaten to kill someone.” Quotable.

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  16. one-eighty

    In Denmark mortgages have a -.01 interest rate. They pay you to use their money!

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  17. sloop

    Follow me to the land of Milk and Honey. Buy AXU! I’m up 40% I never play penny stocks but one look at this co and the weekly chart and its better than sex

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