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
23,473 Blog Posts

Lateral Moves

This criminal I once knew used to call up his clients and propose that they make ‘lateral moves’ with him, selling gleeck to buy gloik. He did this, namely, so that he could charge 5% out and another 5% in, making a grand total 10% of his clients account transferable to him in just one swoop.

I remember when he went out of business. It was a glorious day for all of his clients, indeed.

Towards the end of the day, I sold WETF, ANGI and SHLD and swapped into WDAY and FSLR, none of which were ‘lateral moves’ of course, but instead necessary actions that will result in fantastical, almost mystical, gains.

 

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10 comments

  1. Virtue919

    FLY, I thought you, a gentlemen, may appreciate these rules of civility practiced by our finest founding father:

    http://www.artofmanliness.com/2009/06/14/manvotional-george-washingtons-rules-of-civility-and-decent-behavior-in-company-and-converation/

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    • clegger_2000

      11. Shift not yourself in the Sight of others nor Gnaw your nails.

      I take this to mean don’t reposition your member…

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    • StocksRider

      Icahn broke at least half a dozen of these rules in his so called delivering alpha interview today. And he is a billionaire. Go figure.

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  2. StocksRider

    I know a criminal like this. It is my brokerage account. Thank god for my gains, I still live.

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  3. Bullish

    Fly, what do you think of the new Jay Z album?

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  4. MX2101

    Looks like West Coast tech is moving from computers and electronic devices into general life hardware devices- automated cars, high speed transport, etc.

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  5. Half Blood Pope

    Last I checked you can not add percentages.

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    • CEO ROB CARL 20K A DAY
      CEO ROB CARL 20K A DAY

      LOL

      With the right amount of money and coke, you can change any percentage/multiple/figure/GAAP standard/etc to your liking.

      As CEO of the largest company in the world, I know this first hand.

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  6. Martin

    Get bored with WETF?

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