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
23,419 Blog Posts

Monster Trades

As you know, “The Fly” was very busy in meetings, this morning. During these meetings, due to extreme boredom, I was day dreaming about bling, rims and VMI.

Now, I’m aware of the remote possibility that my “calculator brain” could malfunction, effectively gettingthe VMI trade/investment wrong. But, I doubt it.

See, while Woodfucker is busy in his honey hole, “The Fly” is in a fox hole, poking people with his bayonet, searching for money making trades.

It’s December. There is no more time to fuck around.

In the early going of 2007, I was hitting homerun after homerun, then grandslams. However, unfortunately, over the past 6 months, I have given back most of my gains and now stand +9% for the year.

In other words, I need to get this last big trade right. VMI is my largest position. It will work because I say it will.

Developing…

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32 comments

  1. Dinosaur Trader

    I’m in with you and I’ll buy more should it start to work more. Yesterday it had some nice volume finally… that could be the start of something good.

    -DT

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  2. ?

    You have given back most of your gains because of stupid rhetoric such as this. Hard heading jumping into shit because you have convinced yourself it will work. MCHX, NTRI, DIVX, WGAT, and ARWR. You are funny, but if you were managing my money I’d be pretty pissed off.

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  3. Juju bear

    Love that bling. Where can I get one of those? You know, as a Christmas present for my favorite ‘ho?

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  4. The Fly

    All lies “?”

    Naturally, you fail to mention that 9% is still beating the averages.

    I’m sure you’d be pretty pissed about that too.

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  5. Woodshedder

    Holy Fuck, you mean you’re mortal?

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  6. Woodshedder

    Actually, VMI is looking good. A nice, rounded bottom. Just how I like them.

    I hate a hatchet ass.

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  7. alphadawgg

    “In the early going of 2007, I was hitting homerun after homerun, then grandslams. However, unfortunately, over the past 6 months, I have given back most of my gains and now stand +9% for the year.”

    Fly…9 percent? Have you joined the ranks of third-tier money managers?

    I was expecting you to say something like, “having successfully milked the farmer and kicked old weak bearshitters down empty elevator shafts, I’m now up 53% for the year. Or, more than you”.

    But, you didn’t say that. Thank you for your honesty.

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  8. newequity

    Why be mad ? mark. He is still beating the S&P by a wide margin.

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  9. newequity

    Not to mention Woody by an even wider margin.

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  10. The Fly

    Alph:

    It’s pretty hard to be here, up 9%, while having BWLD, NTRI, MVIS, FTK, MCHX, amongst others, blow up on me.

    While VMI is my largest position, it will not eclipse 10% of assets.

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  11. Juju bear

    Woody
    Rounded bottoms are good. When you find any others, please post. Thanks.

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  12. alphadawgg

    Fly–
    9% is good. I’d take that in a market like we’ve had this year.

    Is the time machine fixed yet?

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  13. The Fly

    Not yet.

    I’ve been forced to use this here crystal ball.

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  14. WildWestie

    Well, I was up 38% mid year, then got poleaxed by NTRI and slow drips on MVIS, NYX, and WAG. Now back to break-even.

    Fly–gun to the head pick–MVIS or VMI for the year-end push into the green?

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  15. Woodshedder

    My puts are swinging me back above break even today. I might be up .5% on the year.

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  16. KC Trader

    If only you would come to the dark side of technical analysis.

    Heavens forbid that you could actually imagine and implement the use of both fundamental and technical analysis at the same time.

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  17. alphadawgg

    Fly-
    May I suggest that you switch to tea leaves?

    They also double as an ingredient in a fine beverage that goes with crumpets.

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  18. newequity

    I’m up 4.6% on the year in total. Not happy about it but better than where I was not too long ago.

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  19. Bison Burger

    Turnaround Tuesday developing?

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  20. tehdrunky

    whats the good word on mvis?

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  21. SaNTa

    http://news.xinhuanet.com/english/2007-12/03/content_7194317.htm

    Dorrah go back up soon.

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  22. Steve

    SOLF has made my year absolutely stellar. True story.

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  23. Woodshedder

    Good deal NewE. I know for a while there it was dismal for you.

    Bison, my leaves say terrible Tuesday into Waterfall Wednesday.

    Turnaround Thursday as the bulls pray for a good jobs report.

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  24. Woodshedder

    Steve, I had a year like that due to GNBT.

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  25. alphadawgg

    CMGI is ripping today. I remember when that was one of the stupid internet stocks I bought high and I sold at an unreasonably low price.

    It’s split adjusted high is $1,635. Still a bargain.

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  26. Steve

    This is my 4th. year trading for a living and it is turning out to be my best. I hope it’s not all down hill from here.

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  27. Woodshedder

    My 4th, but not for a living. Do you use a prop firm?

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  28. ottnott

    AAPL is an unwisely large % of my holdings (had it for years, not my fault it went to the moon), so this has been a good year.

    Milk Steve Jobs.

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  29. Steve

    Nope

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  30. JakeGint

    You are okay on VMI if you can get over $82 on volume.

    ______________

    Perhaps you’ve had it wrong all along, and you should rather “farm the milker?”

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  31. Woodshedder

    Steve, what are you working with?

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  32. newequity

    Just another day trader making billions

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