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
23,468 Blog Posts

Mixed Bag of Nuts

I ordered a bag of almonds, but received a bag of mixed nuts instead!

Didn’t CMI warn just a short while ago? I vividly recall feeling “fortunate” for selling the stock when it tanked into the $80’s. Lo and behold, by hook or crook, they’ve managed to beat the street and soar in value!

What the fuck is going on here? Remember when all of the bearshitters went on the teevee, dressed in their funny suits, pancaked up with makeup, declaring CMI to be a “forward looking indicator”? Well, I imagine those same journalists are having serious discussions regarding the earnings beat, over at CMI, today, no?

Did you know there was a coordinated assault to bring down the shares of VHC? It was rather sublime, actually. It’s a funny thing when you learn billion dollar hedge fund managers sent out text messages to short VHC weeks before the epic decline. Like I said before, it is very hard for me to prove these things, but rest assured, they happened.

Tech is leading the way higher today and I am feeling better about the market, thanks to CMI. If only TLT would start to tick lower, I might interest myself in a stock, or two.

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20 comments

  1. The Zombie

    The Fly is God.

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  2. clegger_2000

    Stocks can be an enjoyable purchase.

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  3. OG

    Are you going to play YELP earnings Mr. Fly?

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  4. republicat

    Another reason the public may never come back is days like CMI and countless other stocks on earnings day.

    The public does minimal research , like upgrades, people on TV, headlines in the biz section of papers or online -> Then they get whipsawed by these earnings gaps and throw in the towel in disgust.

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    • PG

      another reason the public may naver come back…is Facebook…trust your broker???

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  5. flyaway18

    CMI, my $100 roll call, and I concur with your blog. I am thinking that company execs are being overly conservative here and that tone is presenting decent entry points for buying quality stocks when they tank.

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  6. mike

    aapl…take a bite!! its very tasty (no samuel jackson)

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  7. The Fly

    market looks like shit

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  8. Nefarious Rapscallion
    Nefarious Rapscallion

    PFE helping heal my STX dick chop otherwise… to the idiotmobile! (no seinfeld)

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  9. Michael Weinstein
    Michael Weinstein

    Speaking of NUTS…didn’t I tell ya to short DMND yesterday? I believe I did…and you scoffed. DMND is royally fucked. Deleting and BK imminent. You’re good Fly, but you are really missing a gem of a trade here just because you cannot bring yourself to short anything. Watch from the sideline and get vaPOOrized my man. Charts don’t lie.

    Disclosure: Short a boat load.

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    • Nefarious Rapscallion
      Nefarious Rapscallion

      “Charts don’t lie” People with charts lie.

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    • Michael Weinstein
      Michael Weinstein

      PS.
      You called me a moron yesterday because you thougt DMND raised 300 million. In fact, they only raised 225mm from OAK. Take a look at DMND’s debt load my friend. Tic Toc

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      • The Fly

        Mike

        Let’s be clear about something.

        1. I don’t appreciate any form of financial advice.

        2. DMND is down 1.4%. Stop circle jerking.

        3. I hope you make money in your short, as I have no skin in the game.

        4. Go away before I murder you.

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        • Michael Weinstein
          Michael Weinstein

          Hello Fly,

          1. I’m already up nicely in DMND.
          2. Just trying to re-pay you with a no-brainer for a recent profitable trade I bagged on your advice.
          3. Ere is still plenty of time for you to make e DMND trade.

          Good luck my friend.

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  10. Michael Weinstein
    Michael Weinstein

    Nefarious,

    You too can get vaPOOrized as you watch from the sidelines. Yes, you’ll get that dreaded disease…ENVY. Trades such as DMND don’t come too often and when they do, they make your year 🙂

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    • MetalLeg

      So with the stock trading down $0.25 to $16.22 bid, what is your surefire trade at this very moment to earn the greatest return?

      If you are wrong, you should hang your head in shame and leave these premises never to return again. Deal?

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      • heaterman

        Ditto.

        Inquiring minds want to know.

        Call it out or shove off. What’ll it be?

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