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
23,433 Blog Posts

Hard to Buy Here

I am scanning through PPT screens, which represents my brain activity through software, and I cannot motivate myself to buy anything.

I mean, lots of stocks look good. If I just landed on this garbage filled shithole of a planet and took a gander at the stock market, I’d probably say “hmmm, that fucker looks like it will break the fuck out, eeek, eeek, arr, arrr, arrrrr (alien real talk).

Right now, IR, TGT, HAR, LZ, XLNX, INTC, INTU, ALTR, VMW, FO, NYX, IEX, CTV, amongst a variety of other momentum stocks, look bullish. However, past mistakes are haunting me to remember the sentence that I have written on the white board in my office.

It reads: DON’T CHASE STOCKS, ESPECIALLY WHEN THEY LOOK GOOD.

Through years of flame broiling myself, in and out of bad trades, I’ve learned that the market is always wrong. When things looks great, typically, it’s time to sell— and vice versa.

Frankly, there are too many stocks up 100% in recent weeks that “look good.” The very notion of buying something, after it has doubled in price, in such a short period of time is— without a doubt— unequivocally fucktarded.

Remember, there are people out there who bought XYZ Corp. 95% ago. Be careful for the sharp edged pendulum swinging into your face.

With regards to the important matter of blogging:

“The Fly” is King of the Internets, as you well know. There are many losers out there trying to steal my thunder. However, I will let these maggots know, on a continuous basis, mind you, that you may take thunder— even steal it— but you must also take the lightning bolt that comes with it (whatever the fuck that means. It just sounds very ill-boding).

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78 comments

  1. Tony

    ERY looks like a good buy around 40.75

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  2. Jakegint

    Ack! Ack! Ack!

    Ack! TSO! Ack-ack!

    __________

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  3. Itchy & Scratchy

    Ill-boding. I like that theme. It has a certain 2009 ring to it.

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  4. jcvtwo

    the fly is Thor!

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  5. “The Fly” is King………of the Internets.

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  6. Itchy & Scratchy

    TSO’s up a 100% of it’s lows. I think that’s exactly what he’s talking about, in an ACK! ACK! sort of way.

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  7. Jakegint

    (Translation)

    “TSO has broken through it’s long term downtrend line that started on 10/26/07.”

    _____________

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  8. CAP

    JAKE – whats your price target on TSO ? I’ve been long this POS for quite a while. I bought at $19 initially. Bought more at $15, more than $12 and even more below $10. My breakeven is currently $14.

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  9. The Fly

    nice jake

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  10. mrkcbill

    Fly what are you doing New Years Eve…. you cooking anything good? You going to kiss Steve’s wife?

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  11. Jakegint

    Itchy:

    I refer you to a fitting famous anorexic’s ditty.

    _______________

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  12. The Fly

    ack ack

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  13. little 2 rich 4 u

    I gave you many opportunites to form an alliance. Like Carlito, you chose to dismiss me. I am Benny Blanco. Your insult towards me shall be your blog world demise.

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  14. The Chart Addict

    Karen TSO looks mighty fine!

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  15. Steve The Neighbor
    Steve The Neighbor

    mrkcbill- My wife said that she will refuse to kiss Fly on New Years Eve unless he takes down his Christmas lights around the house.

    Fly- Don’t forget to bring over the family on New Years Eve. We are planning a checkers tournament.

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  16. pn

    Mighty fine, and whore makeup to boot. Dennis Kneal looks like he just wet his pants.

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  17. Lady Guenevere

    Mr Fly what goes into that ‘ software’ PPT from your brain activity?

    Is it a mixture of chart analysis, fundamentals? Do you look for stocks with heavy cash reserves? Do you add in cycle plays? defense stuff? what historically has rebounded? What is the concoction or can you share a few of your magic ingredients?

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  18. little 2 rich 4 u

    @Lady Guenevere
    Females shouldn’t trade. It’s an activity only for man. Please stop pretending like you trade.

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  19. Jakegint

    Cap —

    I just sold about 10% @ $13.05, as that was my pre-set downtrend breakthrough gains taking ($12.95 was the downtrend line, fwiw).

    I still have 17k shs, and am looking at the following prices, depending on the market’s mood:

    $13.35 = 50% short term (Sept-Nov) fib retrace

    $13.90 = 61.8% short term retrace.

    $19.95 = 100% short term retrace.

    $20.33 = 23.6% (first fib!) of the long term fib chart (late Oct, ’07 to late Nov ’08).

    $28.50 = 38.2% retrace of the long term fib chart.

    I don’t expect to have much left if it gets to this last point, but who knows?

    On the downside, the near term 38.2% retrace is at $11.87. I think you want to stay above that, or sell out.

    _______

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  20. Jakegint

    Thanks, Fly.

    _______

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  21. Lady Guenevere

    Oooh – little timmay wanna be, sorry I get under your skin. I lay down my hard earn money every day in this market.

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  22. TraderCaddy

    Fly- Saw this on a blog. Here is a chance for stardom and immortality in the bright lights. You could even become more popular than Leave It To Beaver.

    http://masteroftheuniverse.wordpress.com/

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  23. Art Land

    Why does a dipshit like Little2 waste time posting hate?

    I thought he had some penny stocks to look after, trying to make his $5 today, which should get his account up to a whopping $150.

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  24. little 2 rich 4 u

    @Lady Guenevere
    You trade nothing. You run a gift basket making service and kill time here between orders. Gosh I wish it was 1920 so you’d stay quiet.

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  25. Itchy & Scratchy

    BAC looks sick lately.

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  26. Henry Fool

    Frankly, there are too many stocks up 100% in recent weeks that “look good.” The very notion of buying something, after it has doubled in price, in such a short period of time is— without a doubt— unequivocally fucktarded.

    Fly you’re starting to sound like my Dad. But it’s doubled, I’m scared to buy!

    Let me know when the Fly finds his balls!

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  27. little 2 rich 4 u

    @Art Land
    You clueless unfortuante. Read my blog, you’ll learn something about real wealth and real stature. You are a nobody. You post here but still remain irrelevant.

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  28. boca

    little 2 rich 4 u Says:

    “@Lady Guenevere
    Females shouldn’t trade. It’s an activity only for man. Please stop pretending like you trade.”
    —————————————————–

    OH wow-wow-WOW that’s original, a sexist comment in the trader world. Yawwwwn, kinda boring.

    BTW you just proved your lower IQ, most of the people here treat me with respect, something you might not know a lot about Richie.

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  29. The Fly

    Sir Henry:

    My balls are betting against your long positions. Do not misconstrue my lack of bravery on the upside for cowardice. I will short your face off.

    Lady:

    PPT is an analytic engine that scores all stocks, based upon certain parameters, that I deem relevant.

    Here is a summary:

    http://www.ibankcoin.com/peanut_gallery/index.php/2008/11/09/the-ppt-who-what-and-when/

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  30. The Fly

    Rich:

    You are one dumb comment away from a broad ban.

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  31. StarscreamPowerPlay
    StarscreamPowerPlay

    Hanfeng Evergreen IncPink OTC Markets Inc:HFGVF…

    will go out of business; I will see to it personnaly.

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  32. Fade Fly

    LMAO at “running a gift basket service”

    ERX to print 45 yet again

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  33. little 2 rich 4 u

    @The Fly

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  34. little 2 rich 4 u

    @The Fly

    http://www.youtube.com/watch?v=v6rQ09V7Vf8

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  35. Newsman

    Footage of Rich: http://www.youtube.com/watch?v=v0TGpe2KMUs

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  36. El Tiberon

    Rich,

    I usually find misogynists are homos and jealous they can’t fuck guys as they feel socially unacceptable…go pack some fudge

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  37. CAP

    Little2Bitch , On your 4th tier rag, please post a picture of your AMEX Black and something to identify yourself. An AMEX black tends to give a little more credibility. Either that or the keys to the LP640 or the Continental GT.

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  38. little 2 rich 4 u

    @Fly
    Didn’t end well: http://www.youtube.com/watch?v=EW8XGswYpcI

    @Everyone Else
    Shhhhh. Leaders are talking. Pipe down sheep.

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  39. El Tiberon

    Hey princess Rich you just like to think of your lover rriiiicchh bah bah.

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  40. Pierpont

    A contrarian indicator?

    60% of Americans now think a Depression is “likely” in 2009. – Recent CNN Poll.

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  41. chivasontherocks

    http://www.rallymonkey.com/video/kenindex.swf

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  42. El Tiberon

    Rich,

    I especially love the way you fall down the stairs…almost pissed myself laughing

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  43. j-daddy

    Hey little2inch,
    Go fuck a 20 gauge.

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  44. El Tiberon

    Rich,

    You still like living in your Mamma’s basement where you “trade”

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  45. Henry Fool

    Fly

    Just get long some HIG should you feel the need to buy something.

    It’s my gift to you!

    Spit out the PPT numbers on it I’m sure it will confirm a strong buy!

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  46. Itchy & Scratchy

    How about a late-day sell-off, for a change. Remember those?

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  47. little 2 rich 4 u

    @El Tiberon
    If you want my attention come leave comments on my blog. I will not pollute Fly’s site exposing you for the poor, unfotunate loser in life that you are. I came here to talk to the Fly, not to sheep that don’t matter. Capiche?

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  48. Dennis Kneale Mates With The Rally Monkey
    Dennis Kneale Mates With The Rally Monkey

    I’ve missed that cute little fucking monkey.

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  49. El Tiberon

    Couldn’t find your blog…must be invisible…

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  50. little 2 rich 4 u

    @El Tiberon
    Guess you live in a cave. Sad.

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  51. El Tiberon

    No, just don’t know who you are…

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  52. President Dale

    Which chat board does little2bitch post on?

    LowIQ.com?

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  53. little 2 rich 4 u

    @El Tiberon
    Of course you do, stop lying to everyone including yourself. You’re probably one of those anonymous haters that loves to talk shit to me but when questioned on, rolls back into the ground like a little worm.

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  54. little 2 rich 4 u

    @President Dale
    shhhh….go back to playing Mr. President and shut up. I’m trying to have an audience here with the leader of iBankCoin, THE FLY.

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  55. El Tiberon

    No, I really have no clue who you are or what the url is for your blog…

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  56. little 2 rich 4 u

    @El Tiberon
    Yes you do. You ain’t fooling anyone.

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  57. El Tiberon

    Rich,

    I have to go empty my bladder or I will piss myself from laughing…laughter makes the heart grow merry!!! Kind of seasonal.

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  58. little 2 rich 4 u's Daddy
    little 2 rich 4 u's Daddy

    Your allowance has been cutoff son. Give back the keys to your AMC Gremlin and wash your mouth out with soap.

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  59. little 2 rich 4 u

    @El Tiberon
    See you do

    @My Daddy
    Original. You must be the breadwinner of your family.

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  60. Lady Guenevere

    Little Rich how little you know of Mr. Fly

    You have not been granted an audience with him

    You are just a LOT OF NOISE that he routinely ignores.

    Show us your BLACK AMX!

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  61. Henry Fool

    Bought SWHC 2.12 – 2.13

    oversold and ready to bounce!

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  62. little 2 rich 4 u

    @Lady Guenevere & The Other Sheep
    I mean an audience on a personal level. Like I have with Ragin Cajun. See, you sheep don’t know about the real movers and shakers of blog world. You are just sheep. Lemmings. You know nothing about the big picture and the behind the scenes goings on.

    I will not show you anything. Are you trying to steal my identity? Gift basket business must not be going well.

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  63. Lady Guenevere

    Hell will freeze over before you have a private audience with Sr. Fly

    He eats your kind for snacks while watching all that COIN build up in his bank account

    PUT UP OR SHUT UP…..you started this pissing contest

    show us your BLACK AMX

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  64. DEVILDOG

    Bought 5000 SRS @ $59.00.

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  65. Fake DevilDog

    NEW LOWS FOR DECEMBER. DAY 56

    (tomorrow market has to drop around 700 points to make the call true) or DD was TALKING DECEMBER 2009…

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  66. The Fly

    So Sorry.

    PPT data on HIG:

    PEG Ratio 1
    Debt/Equity 4
    Price/Book 5
    Price/Sales 5
    Profit Margin 1
    Sub Rosa -0.18
    Final Score 2.62
    PPT Recommendation: Sell
    Volume 1
    Volatility 4
    Accumulation Distribution 2
    Relative Strength 1
    Price Performance 1
    Sub Rosa -0.06
    Final Score 1.34
    PPT Recommendation: Strong Sell

    Hybrid Score
    1.74
    Strong Sell

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  67. little 2 rich 4 u

    @Lady Guenevere
    I could have went somewhere but I chose not to out of fear of a broad ban by the fly. Come leave that same comment on my blog. I shall respond there with what I want to say….oh it would be funny!

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  68. Pro Scalper

    Fly,

    What are your thoughts on HSNI? Up over 400% in less than a month. ( I am long puts in this motherless whore). Thanks

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  69. Henry Fool

    Holy crap!! what a shitty Hybrid PPT number!

    I’m holding anyway!

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  70. El Tiberon

    Princess Rich,

    Haven’t figured out how to add a url to your name?

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  71. Freddy Krueger

    DevilDog

    I thought you said the market was going to cascade today? day 55…

    I said it was going up yesterday.

    SRS…blah

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  72. DD, there are really only 6 trading days to 1-12-09 so the market will have to crash.

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  73. little 2 rich 4 u

    @Lady Guenevere
    I started nothing. You the one that came at me for no reason.

    You really are desperate to see a black thing aren’t you? It’s not a “black” card as you call it. It’s a Centurion card and if that is your idea of wealth than you are beyond cluess. You probably think that those that drink Dom Pérignon are rich. HAHAHAHA you are funny.

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  74. little 2 rich 4 u

    @El Tiberon
    a) I don’t need to

    and

    b) I don’t want to appear like I am spamming Fly’s site. I am a paid advertiser here sometimes. Keep an eye out for it. Like I said, you will learn something.

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  75. Henry Fool

    I like when the PPT backs my stock picks but it’s a useless number if it disagrees with me!

    You obviously need to adjust your algorithms.

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  76. Henry Fool

    Look for HIG to close strong over 16 unless the market shits itself!

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  77. Mrs. Market

    I have chunks of people like little2 in my stool.

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  78. Rally Monkey Johnson
    Rally Monkey Johnson

    Can anyone stop the Krueger onslaught of DD? All this frolicking upside shit makes me queasy.

    The market, good gentlemen, wants you to grab a Snickers.

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