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
20,202 Blog Posts

LESSER MEN SOLD $STMP YESTERDAY

We all get lucky on trades from time to time. Yesterday was one of those days for me, getting “lucky” on a 55% jump in STMP off good earnings and resumption of contract with USPS. But what separates the men from the small girls is what to do with said gift.

Does one accept it and move on or stay for more?

It depends on the context.

See pal, STMP was $280 before things went south for them, losing the contract with the USPS — being relegated to a shell of a company. Now with the contract back in place, I see no reason to believe the stock cannot power to new highs. This conviction, this poise under fire, is what makes Le Fly a world class Master Ace Trader (M.A.T.).

While many of my minions inside of the Pelican Room in Exodus sold and gleefully skipped away with profits to eat a box of chocolates of whatever the hell they do in their spare time, Le Fly knuckled down and made the hard trade: nothing.

Sure, it’s easy to take an 80% win over a 2 day holding period. Let’s see you carry that same energy after it jumps and you’re left with the decision to hold on a day when stocks are down over 1%.

When will I sell?

Maybe over $200.

The point here is to brag and do it often and make it known to the world Le Fly is not to be trifled with. I hope I made this point abundantly clear.

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4 comments

  1. purdy

    You look cold.

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  2. purdy

    Dollar’s been up …and PMs have been up. Which will win? Today, the dollar looks to be cracking.

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  3. numbersgame

    Totally baller call.

    My guess is people that rode mega-tech to ATH don’t feel like switching to stodgy bonds, so they are quick to grasp at any nearby rocket. This market meltdown may have actaulyl worked to your favor.

    Some knowledge to the ignorant masses: STMPS does NOT have a contract back in place with the USPS, so don’t believe those MotleyFuckers or anyone else that tells you otherwise. You know **I** wouldn’t write that if i wasn’t sure. Read the earnings transcript.

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