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
23,471 Blog Posts

SLUMMING IT

I only made 0.6% today because stocks reversed and went lower. I know your machines tell you a different story. But stocks were lower today. Rest assured, young lads, “The Fly” would never lie to you.

Biotech was weak and a few of my play money positions took a breather. Is it the end of the world? No.

Chinese lottery stocks were ape-strong to the upside. The Option Addict has been all over them and solar. This is a very speculative tape. The money is sloshing about from one place to the next. Where will it stop next?

I WILL TELL YOU EXACTLY WHERE IT WILL LAND, YOUNG LAD.

It’s going to land, yet again, on the shippers–like a belly flop from 1,000 feet.

QED.

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14 comments

  1. bood

    +2.1% for me

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  2. clegger_2000

    Rick Ross’ songs ALL sound the same to me. Am I missing something?

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  3. UncleBuccs

    Dr. Fly, I’m growing my beard at this very moment…

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  4. jules

    NMM is lagging SB, May buy this one tomorrow.

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  5. mr.partridge

    I have chickened out today and sold a lot of stocks… still have no idea why… may be just tired

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  6. flyaway17

    Bought some XONE on weakness today. Fly, you mentioned RBCN prior to earnings. I bought some before earnings and am still long. What a crazy reversal after it reported. It was below $10 and then an analyst upgrade was announced and it was off to the races. I was wondering why you never bought. I am long SuperCom, I see you sold probably out of boredom, this one is just grinding and when I saw you buy some I thought you wouldn’t last long. AFOP is another long I bought after it cratered and it too has bounced back. I have the urge to just sell but I am staying in them longer because there is nor reason not to, this market is so darn hot.

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  7. flyaway17

    Oh, and I know Sooz backed up the truck when IDCC dropped to below $27. I was stretched with some other holdings so I did not buy but congrats to you, Sooz. I am still holding JOEZ, it is consolidating, I think it goes back to $2 in time.

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