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
17,094 Blog Posts

Jesus Christ I Wasted the Day Away

I was out all day looking at office space, becoming increasingly annoyed at each meeting. Some of these places were nice, albeit a bit pricey. But others were god awful and I’d first be caught dead in them, rather than have to work there. There is never an excuse to work from a place that smells like cats or deprecating wood.

The Nasdaq ripped higher by 77, but breadth was weak. The main players went higher and the hubris is indeed strong in the comments section. Part of that hubris isn’t pure, however, as I suspect a great many of you don’t even own stocks — but come here to play Gordon Gekko. I am amused, believe me (extra Trump) and look forward to hearing from all of you in the future.

iBC used to be a dark place run by a dictator who stifled freedom of speech. But now, well now, it belongs to you — the people. Do as you like — all are welcomed.

Two things went right for me today, actually 3.

HMNY continues to improve.
UCTT is back in lock step with other OLED plays: COHR and OLED.
VUZI, AAL and FIZZ are manifesting higher.

My position in DRIP wasn’t hit today — because oil has already topped. My biotech short, LABD, barely budged and NVDA/BAC shorts performed admirably amidst the melt up. Only two instruments did poorly, VERI and UVXY — the latter being obvious — a VIXTITS instrument. But the former, that was my error. I watched a 30% gain turn into a small loss. There is never an excuse for that brand of carelessness.

I’m nearly done editing part two of my book: Journey into Fear.

Here is a snippet.

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15 comments

  1. frog2

    sold HMNY today. don’t got patience for bullshit

    you’re welcome when it hits new highs tomorrow

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    • Dr. Fly

      It really doesn’t matter where it goes tomorrow. It’s worth waiting to see if they can pull it off.

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      • og

        How long do you think that will take?

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      • badduck

        They seemed to have solved the card delivery issue, I ordered mine last Tuesday and received it today. Next major stock moving announcement will be when they hit 1MM subs. This is all about critical mass so they can’t be ignored by the theaters and Hollywood distribution.

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    • iflyjetzzz

      Worst business model since flooz.com. $6.95/mo for one movie/day in the theater. If I understand correctly from watching the CEO on CNBC, they fully reimburse theaters the retail cost of the ticket.

      If I went to movies in the theater, I’d buy a sub. But since I don’t like giving hollywierd libtards $, I wait until movies are on TV. With today’s short cycle, top movies are on basic cable within a year.

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  2. og

    Man this move in SQ is unreal. I know a pullback is inevitable, but the volume isn’t showing signs of exhaustion.

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  3. yourlame

    …skipped across the dead sea like smooth pebbles, carving out rivulets from a sinister and rakish market (puke).. that is some serious I want to make this boring drivel sound intersting bullshit. What do you do? I manage money during the the day ….author at night !!!!

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  4. joyous__ending

    You need to change the headline of this post otherwise on Thursday, God may bring a turkey bone to become lodged in your throat.

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  5. shr1

    Fly, Moving out of the home office? Also oil cleared a fair amount of supply from the beginning of the year. Might it be a little premature to say the top is in?

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  6. clock

    Smart Money Exit….Dumbells trading with dumbells.

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