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
19,445 Blog Posts

The Micro-Crap Era at House Fly Has Ended

It was just yesterday, on this very blog, that I flatly stated I was a lottery winner because I owned AYTU. At the time of the post, I was +15% on an intra-day gambit, feeling my oats, strong like a horse, powerful, and invincible. I told my readers to ‘fuck you, go home and play with your kids.’

What sort of person talks like this?

I was filled with hubris and in short order — I’d be dispatched. In the early going this morning — I sold out for a 13% loss.

See pal…

There’s a parable in here someplace… man dicks around long enough…gets himself a case of the aids.

Long story short, I’ve had my fill with the micro-cap segment of the market and will now focus on grander scores. The allure of fast gains has quickly dissipated, now that said gains have turned into harrowing losses. More than that, the speed of the movements has made trading less fun, forcing me to babysit my account and I don’t like to live like that. “The Fly” is a romantic figure, a renaissance man if you will — cavorting and gliding throughout life easy, taking the long road because the views are pastoral and scenic. I do not rush, nor do I waiver.

I sashay in the most masculine way imaginable.

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8 comments

  1. bronze28

    FLY; CGC; POT STOCK; BROKE OUT OF PENNANT

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  2. bronze28

    BIG VOLUME AS WELL RE: CGC

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  3. bronze28

    and another one; AMRS; pot stock; completely oversold and just filled gap

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  4. numbersgame

    This is truly ironic. I said I’d check on CNAT in a week: lo and behold it has held its value in the last 7 days, instead of falling as I had predicted. Either way, investing in microcaps on a short-term basis is pure luck (good or bad), so good to see you putting your talents to better use.

    Sashay on.

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  5. ferd

    Home builders broke down today. Last fall, their breakdown preceded broader market punishment by about a week and a half.

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    • numbersgame

      Good notes, I didn’t notice it last time or this time, but its right there in the XHB charts in the Fall.

      Looking at the chart today, it looks like they are testing support (closing the Feb 11-12 gap), but maybe haven’t broken down – yet. The timing is noteworthy, as housing is probabably the most intesrest-sensitive industry and today is a FEDwatch day (cue the red swimsuits).

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    • numbersgame

      Even if they hold the 37.2 level today, the 2-day waterfall *is* noteworthy in itself.

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    • numbersgame

      I’m going to monitor the 37.2-38.8 range. Thanks again for the tip

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