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.
No, I am not under the treads of a Chinese T-62 tank flat, just the financial varietal. Yesterday’s blood letting, apparently, was enough–permitting me to barely lose money today. By the looks of it, I am hardly down, a welcomed respite indeed.
“The Fly” is fucking panned caked out, financially, with a goal to make a few dollars before the bell.
But I can’t get myself to buy or sell, as I am paralyzed and stupid to my surroundings. I am simply a mortal man walking about the black forest with nothing more than a torch to illuminate my path. I used to cavort these trails inside of tanks, emblazoned with rude and obnoxious incandescent light bulbs, the environmentally unfriendly sort. Now I am a paradiddle with a caved man torch, panned caked out, looking for a buck.
“The Fly” is not here to console you, nor be your friend. There are many fake people in this world who call you “bro” or “buddy”, who’d gladly stab you into the back for a pack of cigarettes. I do not smoke cigarettes, nor am I interested in stabbing any of you. I possess a universal indifference when it comes to my readers. If you want to read the site, so be it. If not, no one is keeping you here and forcing you to partake.
The market has opened lower and my losing streak continues. Both CYBR and CRM are lower and my mood is certainly dour. This business is all about peaks and valleys, hot or not. Anyone who tells you otherwise is a catamite and a liar.
I offer zero recommendations this morning. My struggles are my own and I need to figure out if I am in a holding, selling or adding to pattern. There are a few stocks that I own and hate. Maybe I should sell them or maybe buy more. It’s all a mystery and I am here to attempt to solve the puzzle.
Enough reading you fucking lazy clam-diggers. Get back to work.
The good news is Exodus nailed yet another oversold signal, now registering an 84% win-rate over the past 36 months (seriously, I don’t know why I bother with you people). The bad news is I am losing money, nevertheless, because of stock specific circumstances.
When investing in stocks, you cannot escape horrific draw-downs due to news events. It’s part of the territory. It is the reason why I am +27% for the year and also why I am down by 1.7% today.
I do not want to bore you with my problems or complain about issues that plague me today that will most likely vanish tomorrow. The most important thing that you can do for yourselves today is to take advantage of the free trials for Exodus this week. Whether you’re a believer in Le Fly or not, I promise you will love the tools and gadgets I built.
Just in case I ever got the idea that people are a redeemable form of life, the previous post solidifies the inverse of such a cock-eyed notion. As I sit here, getting my balls boxed in, down 1.8% for the session, I am touched that so many of you came out from the woodworks to let it be known that you were available to receive one thousand dollars from my purse (no homo).
I am “enjoying” retarded and spastic moves today in VDSI, TWTR, YELP, SLCA, BWLD and even GILD. Unfortunately, for me, the former stocks hold more weight and several of my other top holdings are seemingly bucking the trend, sending yours truly into a sewer pipe– to “enjoy” the remainder of my day.
Nevertheless, I do appreciate the baseness of your personas. They truly help to harden me against the daily trials and tribulations of life, keeping me focused on the task at hand to get better and stronger, in order to succeed and make myself “harder to kill.”
The lot of you are perfidious bedlamites, better suited for an asylum than the fine halls of iBankCoin.
In war, the Black Flag represents no mercy, barbarism, pure and absolute war. Learned men believe this form of war is necessary to prevent others from prolonging it (Extra Sherman). They believe the more brutal the affair, the quicker the path to peace. I’ve always viewed these opinions in a comical manner. It’s like me punching your neck out and saying “now that you’re crippled, we can be friends.”
After the bell, several of my holdings reported earnings, all of which were abysmal. Bear in mind, these are small positions, none taking up more than 4% of my holdings. Nevertheless, the insidious nature of their after-hours declines will most assuredly start my day off tomorrow, swimming in a sea of red blood.
YELP, VDSI and TWTR should all burn in hell. There is nothing to be said about them, other than the truthful fact that they are losers. Losers should never be supported, or praised (extra Trump). I will have no choice but to hold YELP and TWTR, mainly since they are designated for long term investing. But VDSI will likely swing from the gibbet and beaten to death with my cat o’ nine tails tomorrow. I fucking hate it and everything it represents.
I’ve had good fortune as of late. But I feel the tide turning against me, the darkness lurks in the foreground–approaching me in a rapish way.
“The Fly” needs to move from the danger and regroup, otherwise he break fucking faces and collar’d bones from here until the cows come home.
Should I make money tomorrow, I will consider it to be divine intervention and will donate $1,000 to one of you assholes who are reading this tonight.
I made more than 1.5% for the day, despite CYBR being flat. I am saddled with about 30 positions, most of which are small, under 5% of assets. I’ve taken this approach this year in an effort to be flexible and avoid outsized drawdowns. When I am ready to average into a name, I simply sell off one or two of my smaller holdings and bulk up on it. I used this strategy, successfully, in my last two positions in ONCE. Should ONCE drop 5-10% from current levels, I will likely double my position.
My largest holding is CYBR. It is performing with the market and I am about flat on it. My second largest holding is CRM, up around 4% from my basis cost. Other positions of note include PANW, AAPL, TWTR, BLCM and VDSI.
I own MU and down severely on it. I did enjoy today’s rally, however.
The market was oversold and now we’ve bounced. I feel strongly that this rally will hold, for at least 10 days. We are stuck in the tightest range in many years and the grind is chopping off the heads of many speculators. My sole advice to you is this: keep your losses very small, no more than 10%. Keep your position sizes manageable, no more than 15%. And diversify your holdings, but take outsized chances when you believe the odds are in your favor. These are difficult tasks to partake in, things that have take me over 10,000 hours to perfect.
A wise man once told me that the quickest way to success is to emulate other who’ve already made it. To that end, I cordially invite you to request a free trial to Exodus, thru Sunday. Email Vince@BlackLightAnalytics for credentials.
Do not fear: we are in the process of providing you with access to Exodus, for your tinned cup, beggard, free trial.
Oil needs to bounce. That sector has been ripped to shreds and people think it’s all China. If we are to “feel good” again, we need oil to rally $10 and China to stabilize again, or trade up. Those BIDU numbers sucked and the burrito has never been more elusive to understand.
I still like banks, software security and biotech.
Email me for a free trial, thru Sunday, for Exodus: flybroker@gmail
Le Fly casually drops grapes into the laps of the mendicants, especially when they need it most. The markets are literally ripping off the faces of so many people now, I felt it was my duty to offer another FREE TRIAL to Exodus. Trust me when I say this: you need it now more than ever.
Small lads walking about the thoroughfare: you need to invest in your business. Knowing how capital is created and destroyed is the very basis by which wealth is created. I’ve dedicated my life towards this end and have toiled away for half a decade at perfecting my algorithms and have created a market intelligence platform that is second to none.
Email me for an invite. Trials will begin, starting tonight thru Sunday, at which time I fully expect all of you to join the league of gentlemen and to cease comporting yourselves like vagabonds about the boulevard clad in soiled polyester.
Yes it’s true, Exodus‘ 3 year track record stands upwards of 80% in timing market bottoms. It has, in a wide array of ETFs, scored 100% win-rates over the past 6 months. I entreat you to test it out and ask for a live demonstration, done by phone.
Mark my words, you motherfuckers will feel the end of my sword (no homo).
All looks lost today. Earnings at some of our finest corporations have been lackluster. Zerohedge is running rampant, unchecked, on Twitter–scaring the shit out of people, sending them into insane asylums. Bluestar is posting pictures of morbidly obese relatives of his. And, The Option Addict is lost somewhere in the ether of the confederacy, emblazoned with the fires of 10,000 Chinese burritos.
“The Fly” is a granite forest of stability in a sea of earthworms and gummied bears.
I realize you do not believe in stories of the mataphysical and legends borne in antiquity. But let me remind you that Le Fly is an immortal Space Alien Magician (SAM), whose primary form of transport is via a fucking time machine. I entreat you to bet against me, the guy traveling through outperspace, bending time and space at his will, up 28% in a year when everyone else is crumbling into garbage, like blue’d cheese cast aside during a super’d bowl chicken wing’d platter.
LISTEN TO ME: when all else fails, default to those who know more, men of substance and importance, who are plugged into The Grande Recursive Order of the Knights of the Lambda Calculus (GROKLC). We will be smoking the bears inside of our pipes before the week has concluded.
