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
23,551 Blog Posts

Time to Cut Out the Fat

You have no excuse for owning 2nd rate stocks now, following a correction in the market. Now is not the time to buy dog-shit money losers, when all of the good companies are on sale.

For me, FIT is one of those good companies, trading at a discount. I know what you’re thinking: FIT is another GPRO. Well, there is a discernable difference between the two. Case in point: today they just cut a deal with TGT to grace all 335,000 employees with their little illuminati friendly tracking device.

The skeptic in you says “big deal.” That’s because you lack motivation and are accustomed to eating bags of cheesed doodles about the couch. To me, this deal speaks volumes about management. It seems the folks at FIT have their shit together, more than what I can say about the clowns at TWTR and YELP.

FDX missed earnings. They always do this ahead of the holiday quarter. This is your chance to step in before the pagan holidays.

Lastly, I am still obsessing over who GILD is going to buy, following their $10 bill convertible bond raise. I spoke with the good Dr and he believes they will target NASH, cystic fibrosis or oncology plays: a pretty wide field.

Some names that came up are ICPT, Gentif, VRTX and QURE. If any of you good folks have some cystic fibrosis biotechs with good pipelines, I am all ears.

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15 comments

  1. vandamme

    Gpro will be fine

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  2. jts5362

    I actually added more $SGEN and bought $INCY and $CLVS on Monday to play GILD.

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  3. sloop

    Remember GE at 6? that’s where I bought 50K shares we will see that again. Hold on baby!!

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  4. sloop

    I glow in this kind of market. I don’t do so well in a long drawn out Bull because I don’t believe in it. I missed a lot

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  5. sloop

    How can you believe in anything when you have Obama at the Helm.

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    • longview

      Yes, we need a return to sensible, trustworthy leadership. Make America Great Again!

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    • thomasjefferson

      How can you believe one person matters, even a little bit? See, the knife cuts both ways.

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    • rigged game

      Obama will go down as one of the greatest Presidents ever.

      Stocks, unemployment, housing, Cuba, Obamacare, Bin Laden,
      Interest rates, inflation, budget,
      energy, $2 gas and everything else HE IS RESPONSIBLE FOR.

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      • sloop

        What an idiot!

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      • frog

        Sloop has made up his mind. Don’t confuse him with the facts, Rigged.

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      • it is showtime

        $2 gas because there’s an agreement with Saudi to squeeze Russia?
        Unemployment because participation fell on every single lower #?
        Inflation because it’s deflation?
        Rates because the fed had to pummel them for just moderate growth?

        Stocks
        “come on” feller

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  6. duckkell

    how about all eyes with ONCE

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  7. traderconfessions

    Just can’t buy the value of a plastic bracelet that records the number of steps taken daily. TGT buying these to improve employee health is hilarious.

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  8. blahblahblah

    1907 – 1987 is the range. need to close above 1987 or zzzzzz

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