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
23,445 Blog Posts

The Old Lessons Are New Again

So what did we learn from this recent foray into oversold levels? The Greek crisis looked real this go around, didn’t it? Many of you were fixated on selling short the greatest company in the history of the world. A company laden with $194 billion in cash reserves, managed privately in the middle of the desert by Braeburn.

And what did that get you?

A hot poker to the face, is what it got you.

In the end, we all get what we deserve. Some of us deserve to be punished, dark souls with the blackest of hearts, miserable and cruel people. Others are addled by weakness and are subjected to subservience, also well deserved. But none deserve a fatal fate more than the guy infected with arrogant hubris, a person who believes the world was created to host his existence. Pride always comes before the fall.

Social graces dictate that I am to be pleasant to you, readers visiting my internet home in search for advice and collegiate friendship. I do not conform to these misconceptions and instead uncork the vials of wrath upon your garrulous faces.

Insidious lies are walked around, like dogs shitting in a field of flowers. I watch, as the scales catch the light, exposing your monstrous temerity– bereft of common decency and deference.

The stocked market will continue to defeat you until you accept the notion that your opinions mean nothing.

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18 comments

  1. zuulzuul

    Bought SPY puts today. Seems reasonable.

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  2. it is showtime

    http://finviz.com/futures_charts.ashx?p=d1&t=LB

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  3. it is showtime

    http://finviz.com/futures_charts.ashx?p=d1&t=HG

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  4. bballboi948

    Fly, are you planning on holding $CYBR thru earnings?

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  5. UncleBuccs

    By the time I arrived at “uncork”, smoke was involuntarily sputtering out my nostrils.

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  6. levrage

    $CYBR is a festering chancre on my otherwise pristine portfolio. Even Ashley Madison going down on it didn’t get it up.

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  7. flyaway17

    You SOLD some of your Apple position? You said you would NEVER sell your Apple. Now, don’t get me wrong, I am not an Apple fan nor am I a fan of the stock. I only own one Apple product and that was a gift. However, when you said a couple years ago you would never sell, I thought that was smart. so, what caused you to sell?

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    • sethster99

      AAPL has limited upside. If you listen to the pundits, they’re all saying the same thing, “I don’t own Apple, but if I had to take a side, I would be long…. etc.”

      That being said, the Apple iPhone is killing it in China, but the rest of their product lines are meh… iWatch is a total failure, iPad sales are down, and iPod is not gonna make enough for it to have much of an impact.

      To me, the big question mark is Apple Pay. I think Android has to get its shit together for Apple Pay to take off.

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      • heaterman

        The iWatch will die a fairly rapid death because it tacks 180* from the reason smart phones keep getting larger.
        People want bigger screens. Not smaller.
        I do agree that any company with $194B cash in hand is a good long term bet. …..Unless management goes completely berserk it will remain so.

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        • duckkell

          where does it read “he sold apple”?

          Many of YOU were fixated on selling short the greatest company in the history of the world. A company laden with $194 billion in cash reserves, managed privately in the middle of the desert by Braeburn.

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  8. ticktock

    fly puking up more nonsense, guessing Fly got beat up a lot in his younger days, now a bad ass on the inter webs, we don’t forget the massive market beat down you got last year riding Feye & others into toilet, now CYBR ya never learn

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    • Dr. Fly

      Shut up you fucking retard. I am Blogfather. You are merely talking shit and was the one who got kicked down the high school steps.

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  9. snaketron

    fly-any opinion on gpro vol right now?

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