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
23,536 Blog Posts

UNTOUCHABLE

I didn’t participate in your down market. As you suffered in agony, I cruised to a 3% gain, led by EGLE, YELP, MHO, ANGI and FLTX. Most of my positions moved today, including ESPR, NSTG, CVV, BALT, FSLR, FB and POWI. Let it be noted, I own zero IMMR and have hardly any POWI left.

I am turning over positions very quickly because I am in the zone. I am in rapid trading mode, ping-ponging from one position to the next, like a giant locust devouring the corn crops of the unfortunate.

My buys have been very energetic, mostly market orders, because I want to get in fast, and then out. I’m not loyal to any one name. I view these stocks as vehicles to finance future core positions.

As I build up my asset base, trading like a space alien magician, you get the fruits of my industrious labour.

I’m not worried about this tape, as we’re woefully close to being oversold. It’s only a matter of time before we snap back and if you’re positioned in the right stocks when it happens, you’re gonna make a killing.

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14 comments

  1. matt_bear

    i love these battle cry posts. Fucking pumped.

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  2. gatorsun

    FFIV…….still in it?

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  3. The Fly

    my sold bowser.

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  4. The Fly

    sole*

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  5. gatorsun

    its barking for sure,,but with a strong tape it should recover

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  6. metalleg

    Great choice of tune. The entire album rocks. Nice call on EGLE but why did you get out before $10?

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  7. UncleBuccs

    Dr. Fly, I must admit that by today’s close, Monday’s celebratory electric boogaloo had morphed into a somewhat desperate rain dance. Thank you for these words. My emotional loins are now properly girded, and I’m ready to move forward in human freight-train mode.

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  8. The Fly

    I didn’t say I sold all of my egle, just some. I am up 25% and it became too oversized.

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    • matt_bear

      what’s wrong with extra profit? you balance the portfolio while in the trade?

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      • The Fly

        What’s wrong with extra profit?

        Am I to receive a lesson in investing for dummies 101?

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        • hattery

          Whoa whoa whoa…. So….

          What you are saying is…. The key to this thing is… Make more money, rather than less?

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  9. gatorsun

    RBCN still holding 50% size long term run,,,anyone still in it?

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  10. gatorsun

    ARWR a biotech worth a look..no position..im loaded NSTG and like it

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