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
23,445 Blog Posts

Nothing Extraordinary

This sell-off, although disheartening, is nothing to worry about. About a week ago, when I went to 60% cash, just prior to putting some money back into the market, most of you threw meatloaf at me. Now, all of a sudden, you are licking the meatloaf off your monitor. See how that works, Jack?

Young people, I have more than 40% of my capital in cash and I will use it to make timely purchases. This is EXACTLY what I wanted to happen, AND MORE.

In an effort to reiterate an already redundant point: I like Green Mountain Coffee Roasters Inc. [[GMCR]] , U.S. Global Investors, Inc. [[GROW]] , W.W. Grainger, Inc. [[GWW]] , [[MWW]] , [[ENTR]] , ICICI Bank Limited (ADR) [[IBN]] and Mechel OAO (ADR) [[MTL]] —amongst others. Did you imagine I would turn sour on said names because they are dropping in price? If so, you are a primate and belong in a zoo, in the rain, not under a roof.

In closing, I feel as if my lungs are filled with black smoke. I have no time to partake in pissing contests with the likes of you. Do what you think is appropriate, not what I deem reasonable.

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18 comments

  1. The V.King

    VOTE 5 or Die!!
    Who is Sir Hardhead of Crumbwell??? Find out on the V.King

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  2. yo

    Fly, mind telling what the PPT score is at now?

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  3. masterpain

    Everybody who is short FTK…I am not going to cover until $.80 Have a good day carry on

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  4. ecchymosis

    May I have the recipe for that meatloaf on my monitor?

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    • The_Real_Hmmmm

      Direxion has a good human meatloaf recipe. Their meat is kobe-style: grains and beer drunk every day. A batch a while ago tasted like dog. P U!

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  5. The V.King

    Fly I came up with a name…..Live Wire.

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  6. tgarfield

    That junior NOSOF is still moving. Low volume on the pinks but the CDN version has 5.2 million.
    NOT is the CDN version

    Was up 20% now up 33%.

    I called bottom on stockhouse 2 days ago. I see 3 breaking in a few days.

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  7. profiting from selloffs
    profiting from selloffs

    is fashionable.

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  8. HighBid

    Fly, have you heard of CLWR? They are big into 4G. Any thoughts on the company?

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  9. Mr. Cain Thaler

    http://www.marketwatch.com/story/fed-balance-sheet-can-be-audited-panel-says-2009-11-19?siteid=msn

    Ron Paul may just be the only Congressman I don’t hate.

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  10. Dani

    So what you are saying, Fly, is that we should expect everything you say to be correct as we long as we have no sense of timing. 10 days ago, you said you were going to 60% cash because the market was going to sell off. Then you started buying because, oops, it didn’t sell off. Now you are trying to take credit for predicting this sell down. So when you say gmcr is going to run at Christmas…do you actually mean 2009? Or maybe you really mean January or perhaps Easter.

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  11. Dr Fly

    Am I required to let you into my world of money management to the last detail? If so, you’re invoice will arrive shortly.

    This is a blog, jackass. If you cannot believe the words that are written, then just read them with a heavy heart. Either way, you’re going to read anyway, so just shut up.

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