Something doesn’t feel right about losing all of this money. I can’t put my finger on it. Rumors of hedge fund blow ups. The media is crapping on “momentum stocks” when in fact they are growth stocks. I was told a long time ago to buy when there is blood in the streets. When everyone is running one way, go the other. This has to cessate and we must bounce. Even in the worst of markets, you get a bounce. I have one more slither of cash left reserved for averaging down and I have no choice but to save it for Monday.
I’d like to buy now. Then again, why should I since everything might crumble to pieces on Monday?
In all of the years that I’ve been in this business, I’ve NEVER seen the IPO whorehouses, assisted by the vulture capitalist houses, be so blatant in their disregard for the investor. To hell with GRUBHUB and all of these S-1s that are being filed. How the hell can you justify bringing a tech company public in the midst of an epic rout in tech stocks? It’s borderline criminal, at a minimum morally corrupt.
Have a look at how many IPOs are on deck to be priced. It’s amazing.
Anyway, keeping with the standards of iBC, all tabbed bloggers will be catering to you this weekend, with ChessnWine doing a special video overview Saturday or Sunday. Additionally, I might allow for free passage to all premium services, After Hours with Option Addict, The PPT and 12631, on Monday and Tuesday. We will get through this, one way or another. We always do.
Right now I am trying to put together a list of hedge funds who are getting smoked. I might post something about that this weekend.
If you enjoy the content at iBankCoin, please follow us on Twitter
great closing action on egrx today. hope you managed to average down on that ticker.
Mr. Fly:
You did the picking. Now I do the sticking. I am long KING SPLK YELP and FB now, all positions being established in the last hour. We bounce heap big on Monday and I make all the money, and you recover some of your losses. Let me in your PPT for free, and I will teach you my ways.
Good weekend to you and your’s.
Sincerely,
Rong Xu
“…and I will teach you my ways.”
Err…..BANNED!
I did not intend to defame, Mr. Khan. I believe Mr. Fly is right, but the time for the purchases was today, not before. Monday, we bounce.
show of hands, who else think this guy Rong Xu is actually Mr. Lee from the original A-Team?
I bet 1k he is
I just checked his IP address and it is Mr Lee from A team. Wow, you really are a doctor.
If Fly does the picking, what exactly do you have to teach? The “find someone smarter than you and ride his coat tails lesson” perhaps?
He is much smarter than I am. No doubt, but I draw lines on charts much better.
save the art for the refrigerator
Haha!
wtf are you thinking ?
im sorry you are very WRONG mr Xu
I would def appreciate the opportunity of free passage to the premium service. Hang in there FLY, we’ve all had our trading stumbles
dude,,fly aint letting you I free…income is needed now
NO DUH the “i has algo” pitch always comes when playa is getting shawshanked I do the same thing when my dice games go south, i tellem, boooy I got a secret, n for only two swigs of the 40oz I tellya, n like suckers they always listen
It’s just stock price manipulation and great companies. End of story.
SHOMP is coming folks, count on it. Not today, but maybe some time next week. The fly has the weekend to make a round trip into the future.
bart smith is an idiot.
Really RIPPER? Want to compare accounts??
Thanks Fly. Hope everyone has a relaxing weekend before we grind again next week.
Same to you playborn, I bout to get blunted out n hit the cinema, cheers bru
If you have enough money or are adequately hedged this could be one of the greatest opportunities of the year. These companies have sales and from what I’ve been reading the growth is real. Unfortunately, the market won’t determine multiples until these companies post earnings. Good Luck to all involved.
Why the f is L in luck capitalized?
He needs to subscribe to the PPT.
How the fuck you planning on knowing if a fund is getting “smoked”? Your plan is to look up funds w/ size in your blown up names that must disclose?
Honestly wondering. Because, as you may or may not know, that doesn’t mean shit, see, real HFs actually hedge their positions, and they don’t disclose that derivative exposure, maybe if you found a long only manager who is not allowed to buy puts on anything but market exposure, and also they also had >5% in FEYE, SPLK, etal, aka 350million IN EACH NAME (plus or minus…) I call bullshit on you having access to that info. Maybe you can explain that this weekend, my buddies at the clearing desk would love to know
Also could not disagree more with your IPO blah blah , issuance is fucking huge but no morality to that decision chief, called supply and demand. Justify in a tech rout? YEAHHH the executives who spend muchos buckos on sarbox, compliance, and fees go “lets check PPT hybrid to make sure chess thinks good time to public”
How this for a theory: big IPO issuance is bearish bc these no net income ipos are lumped in the same pile as long-duration assets since no CF now = no yield now, and now that far end of the curve is coming up who wants to dump money in a spec biotech/tech when the cost of capital to sit on it just blew the expected yield out of the fucking water? That makes sense, blaming boogey men makes it sound idiotic
^^ look at dis pimp thinkin he fancy LMAOZX
i like this guy
My comment was for you. How do these new IPO companies have no cash flow?
Sure some of ’em do. What makes you think that they do?
Hey I’ll give you the benefit of the doubt — I did not vet each name — maybe they all do.
But something in my experience just by looking at low PPS and <20mil issuance tells me that
ADAMAS Pharma
ALDEYRA Therapeutics
CERULEAN Pharma
——–Need I even speculate on these cash burning machines?
Five9
GrubHub
Kang
——-Or these?
Lombard Medical
Opower
Paycom Software
Philbro Animal Health
SCYNEXIS
——-Anything bio related practically assured doesn't make $
Stalwart Tankers (GOTTA LOVE THIS NAME)
SYSOREX Holdings
and
ZOES KITCHEN
Are not exactly setting up for cheap risk.
I looked at a couple S-1s, these cos are mostly pieces of shit
Gonna reiterate — how much fucking money does a company that issues 2.3m at 10 bucks a share fucking make??!
Jesus Christ to Hell who am I talking to here, fucking farmhands?
They just made $23,000,000 cash.
HAHA “made” in accounting means “from continuing operations” not from financing activities
But I am sure you were just joking.
Made/raised same difference.
words have meaning pal
Context matters. Now fuck off.
GIRLS…GIRLS!!!!!!!!!!!!!!
Both activities are on the cash flow though. Have you seen a cash flow statement?
Dude! Please! The humanity, I’m liable to spill my coffee.
Seen a CFS, I’ve prepared them hahaha
Have you, you know, seen one? I hear they feel just like a bag of sand.
You are aware there are different sections for operations, investments, and financing, and that purpose of separating those activities is to show
actually nevermind. You’re right. They totes just made $23M, dang gee-whiz.
Asking around. Not by public holdings
Thats what I figured though now sure how that is indicative of their future intentions. GL.
This might be true if yields were expected to blow out this year. BUT THEY FUCKING ARENT> Try and tell me a Ten year with even a mid 3 handle is competitive to 50+% growers. Internet clown.
Meant for “Profligate SpendGate”
Don’t conflate my comments on quality of issuance and the rationale for why more spec names are getting sold with the supposed growth rates of your new LT investments in FEYESPLKWDAY
Please ensure the server can support a piker Monday in the hallowed walls of PPT so it doesn’t ruin it for the distinguished gentlemen
You have great brass ones, sir, and I would love to be able to sample your services. There are fools and idiots offering advice and you are not one of them. Of course, that has not lessened the pain of the awful week.
How do these new IPO’s have no cash flow? Please explain, thanks.
hey man, i think i found your dick laying on the ground over by the sewer after you gots 900 feye……… lmao
Since you are a member of the ppt you should know that I’ve been buying puts and selling calls on the way down. Now you can take my dick and stick it in your mouth.
I like your avatar so I’ll give you some honest advice:
Sell calls on the way up, not the way down
Says the retard who’s never seen a balance sheet.
?
Paging Dr. Strawman, “what the fuck does selling options have to do with a balance sheet” on Line 1
I’m lost now, I thought we were talking about the cash flow? Please revert to comment 1.
A+ trolling Jules, well done
Is cash flow from financing activities not a section on the statement? You mentioned these companies have 0 cash flows. I assume 0 means none to you. Is issuing shares not a financing activity? Do you even understand accounting because I do. Dumbass.
Lol. Wtf is wrong with you men? Are you men?
Who talks like this?
DoucheBag speak.
My prediction for Sunday night futures opening: NQ up 20-40.
^ Was this guy watching the same movie i was
I assume not. I waste not one moment on fanciful diversions such as film — for the ticks on the 1 minute are far more interesting. Had you been watching, you’d notice that the last 4 hours we bottomed on many important names. Look at AMZN.
I am stedfast in my conviction that I will be able to sell my YELP and SPLK above 70 and my FB above 60 by Wednesday.
Sincerely,
Rong Xu
Interesting.
Well you will be wrong on 4/7 am futures
The individual name calls I’ll leave open
Sellers likely before your targets though
YELP and SPLK will both be nearing 70 Wednesday.
Sincerely,
Rong Xu
*sliver
Fly, does ur poophole hurt more now than it did after that anal ravaging you took from immr back in the day?
what,no IBC IPO?
PFFFFFFFFF
BAHJAHAHJAHAHAH
ahh man u gave me a stitch, fuckin a
I aint laughed like that since Madea played Santa Clas
Regarding opening your premium services on Monday to all:
I would vote against that as it could be the most important trading days in a while, and those of us that are paying members (myself 12631) might not want the risk of the extra traffic and lose touch with the traders and potential riffraff that might show up and clog the arteries of the services. I’d hate to lose touch at such a meaningful time.
We’re 25 points off the s&p high. We closed the s&p week five points lower than we started. The NASDAQ a little over 60. This is not an epic rout. Not blood in the streets.
Everyone is freaking out after one day. This is crazy.
Not really. Has been building a couple weeks. They’ve masked it with all 3 indexes.
Not about 1 day. Couple weeks of challenged action. Easy to rationalize “we are just under record highs”
Gotta look underneath. Many stocks that led on the way up are down 20-30% in a matter of weeks.
It’s a shit sandwich market. Open up and take a look.
“julesApril 4, 2014 at 5:18 pm
Both activities are on the cash flow though. Have you seen a cash flow statement?”
I’m sorry, can’t let this one go, it’s too fucking awesome
///Do you even account bro?////
Thanks man I needed a good Friday afternoon pick me up
K you obviously live in a country that doesn’t adhere to IFRS. Sorry about that.
Um, well, you’re right, since USA uses GAAP.
lol.
When any person with a half a brain says cash flow +, they mean from continuing ops, aka, the fucking business in question.
What I love about this message board is hysterical nonsense shit like this:
You suggest that a company that does nothing but issue shares is MAKING money? And question my grasp of accounting?
No more questions from you toots, go sit in the corner, you are definitely grounded, and stay off daddy’s computer in the future
HAHAHA Jules u getting shat on b giving us folk a bad name, LOLOZ dang
Leave JULES ALONE (no britney)
I thought words have meaning pal?
Stop making an ass of yourself and look up the words “cash” and “flow” in a dictionary.
We were not speaking about “cash flow from operations”, we were speaking about “cash flow.” You said new IPO’s have 0 CF now (which is the stupidest fucking thing I ever heard). Cash flow can come from investing, financing or operations. Now when a company issues shares they are effectively selling shares of their company in return for cash so they can finance operations (i.e. new IPO’s, secondary’s, shit like that), believe me they’re not doing it for blow jobs and cupcakes. So when a company goes public and comes into a pile of millions or billions of cash, what the fuck is that? Exactly. Now realize that cash flow is not the same as earnings. We know these are growth (please look up growth in the dictionary too) companies, hence they are burning cash in order to expand their business and operations.
Here is a link to a cash flow statement and you can see financing is apart of the cash flow statement.
http://www.accountingcoach.com/cash-flow-statement/explanation
Kill him Jules!
I had too, I’m done now.
+1
Exquisite. He was shit-canned.
I appreciate that you cheer on a paying member of your club, but really hope that you know the difference between these vastly dissimilar accounting concepts
I don’t even know what you people are talking about. All I know is that you’re a douchebag.
+1
I think you should take your own advice on this one, tuck away with a hot cocoa, maybe put down the Webster’s and realize that accounting terminology is specific, that you have confused a bunch of words and concepts, and just stop.
If you really think this has been about whether or not Cash Flow from Financing is in the SCFS, or if proceeds from the sale show up in the statement, VS. your ridiculous comment that “issuing stock = making money,” then there is nothing else to say.
For what you said to be true, selling stock would show up under CFfromOPs, which you concede even with your cursory knowledge that it doesn’t.
Really it’s embarrassing.
I never said “issuing stock = making money,”, don’t put words in my mouth when you can copy and paste.
I said “They just made $23,000,000 cash. ” implying an inflow of cash via new IPO and you went on a hiatus.
Let’s just agree to disagree here. Cheers.
Can definitely agree to disagree.
—
Just to clarify this misunderstanding with copy paste:
Jules April 4, 2014 at 5:09 pm
They just made $23,000,000 cash.
Reply
Profligate SpendGate April 4, 2014 at 5:16 pm
HAHA “made” in accounting means “from continuing operations” not from financing activities
But I am sure you were just joking.
Reply
jules April 4, 2014 at 5:17 pm
Made/raised same difference.
—–
That is how I gathered that you were asserting raising money = making money, after all according to you they are the “same difference”. So really I was using a direct quote, not putting words in your mouth.
They are not the same. That I cannot agree to disagree about.
—
Cheers, have a good weekend
Don’t you bozos have better things to do?
You’ve obviously just graduated from some back water college down south and trying to strutt yo shit. Give me some
Ickes bitch that gonna make money. Otherwise go back to counting beans!
That comment was for that retard going on about that accounting shit!
You know what they say about assuming right?
I graduated college 16 years ago fuckwit.
Sorry I know what I’m talking about and half of you don’t
Fly, I’m 56 years old and this comment section reminds me of 1971 junior high school locker room. I mean, “hey man, i think i found your dick laying on the ground over by the sewer”, “Fly, does ur poophole hurt more now than it did after that anal ravaging you took from immr back in the day?” BOYS, BOYS, STOP THIS IMMEDIATELY!
Check ya on da way out, 47.5 da cutoff hyeah OLD MAN
John
It’s because I opened the comment section for open use instead of required registration. This was done by design to lure them out. Let it play out
Le Fly attracts them homos
GIRLS…GIRLS!!!!!
i mean……STOP IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Oh shit, honest Abe is a doctor now. He must’ve just graduated and got his degree.
Congrats
i noticed that too Fly… you can buy anything on eBay
Thanks Dawg, preciate it, yeah I ponied up big, aced my fuckin MCATs Douglas Howser style, residency at the chitlen’s Hospital, straight obamacaring the whole ward with my medical swagger
Can I bring my children to see you? We are looking for a new pediatrician.
Well I booked solid out til May, but yeah of course I always try n help, Hippos oath #1, getting blunted #2, priorities as u knw.
If dey sensitive to nicknames lemme know, I always give my patients cool nicknames, like ‘johnny thunderface” or “lil sally’ to make em feel comfortable, make they parents assured of my skillz
Also, my waiting room got a grip of tootsie rolls for snackin, in case you hungry
Can I pa you with food stamps? I lost all of my money in feye.
kinda in between spots right now, maybe I hook ur kids up free at da clinic, n u let me crash at da pad for a couple days while my escrow on da new spot close?
I sleep real quiet, my girl can cook real good, n I have excellent manners, ur wife n kids will be thrilled. For example, I know no elbows allowed on the dinner table and that the only B word u call a woman is beautiful, bcuz bitches hate to be reminded how ugly they look sometimes lol
We can hang out, play tennies, drink goldschlager, n prank call marks from my rolodex
Don’t lock the cage fly man. This board is whacked. Love it !
I bet Fly ends the year +15% min. Any takers?
.
“jules” vs. “spendgate”
… better than …
Hearnes vs. Hagler !
WOW !!!
.
This has been an enjoyable Friday…the antics in iBankCoin have been top-notch, and while losing money is never fun, seeing iBC return to form is almost worth it.
Truth be told, the last year has been slow around here. A slow, grinding, one-directional market makes for boring reading on the whole.
Blood, Sweat, Tears, Admonitions, Slander, Threats, and Violence. Thats what the people want, and a tiny little bit of volatility is all that was needed for a return to form.
See you all Sunday night.
whats up with the moderation
You are hallucinating.
NO, it says my comment is awaiting moderation, it really does. Here is my comment:
xxxhuggiebearxxxApril 4, 2014 at 7:08 pm
Your comment is awaiting moderation.
This has been an enjoyable Friday…the antics in iBankCoin have been top-notch, and while losing money is never fun, seeing iBC return to form is almost worth it.
Truth be told, the last year has been slow around here. A slow, grinding, one-directional market makes for boring reading on the whole.
Blood, Sweat, Tears, Admonitions, Slander, Threats, and Violence. Thats what the people want, and a tiny little bit of volatility is all that was needed for a return to form.
See you all Sunday night.
well, that comment is awaiting moderation now too….where are the got-damned moderators sir
it’s getting too quiet.
can we get back to IPOs and cash flow?
Fuck your cashflow, and IPOs. Gotta love this homoerotic shit, “Put my dick in your mouth,” “I saw your dick laying by a sewer.” Real slow Friday in your moms’ basements I guess. WOW servers break down or something?
I let the inmates out. No bans and no ip restrictions.
NO HOLDS BAR
Just like when they closed all the crazy houses in the 90s, let freedom ring!
Sorry, I got out of hand when someone posted what I posted inside the PPT. It was a bad day.
Sometimes you gotta slap a bitchassed fool.
Jules – Respect
Fly,
I love your blog!!!!!!!!!!!!
Jules vs spendgate made my night. Lmfao crying…… So good. Looking forward to urinating on both of them inside the walls of the ppt. Ok, maybe not because I’m sure they are both good guys. Thank you for leaving the floodgates open.
How is a brother supposed to get his comments approved
After following a sympathy Yelp pick down the rabbit hole i’d say I deserve unfettered publishment.
Does anyone like the upcoming ZOES IPO?
CAN’T WAIT
I’m still on the fence. love the restaurant. would normally seem like a good odds ticker to pop (a la Noodles, Potbelly) but past couple of weeks action leaves me hesitant. Good bit of investor interest though. I think I’m going to cut the number of shares in my conditional offer by a third.
Sure…just when they have you convinced it is a full-blown sell-off, the PPT appears and stiffs all the shorts.
The doom and gloom plays are the hardest ones of all.
We shall see, spring into summer will deliver skewed performance.
The market should have never played into the unemployment numbers (which, at this point, are completely meaningless)
As for the never-ending Tech IPO’s, hey everyone wants a chance at the next VERT….but a 2% drop on the Naz, just might be the sign that the party is over.
Your angry and helpless tweets are making my night, as I sit here watching Frozen for the gadjillionth time.
Keep it up.
Might i recommend “Network-effect”
Wow!
Sounds like everyone had a bad week.
Fly – have you gone mad?
Letting the unwashed masses into the PPT? Its like letting the caddies into the pool house. They’ll just pee everywhere. Who will clean up the mess?
i who have nothing…have no thing to lose
https://www.youtube.com/watch?v=vYGuIhlqHYE&feature=player_detailpage&list=PL8B327308420BCA50
chill out children you own nothing…peace
Fly you are a permabull and a fucking idiot.
Jerry
If you said that to my face I’d literally punch all of your teeth out and punch your jaw loose!!!
Sir Fly, the comment you replied to is another (main) reason I implore you to not open the premium services to nonmembers next week. Seriously, bucks are at stake and that type of assclown would detract from the attention needed to kick this markets ass.
Let them in when the market becomes boring again to entertain us with their 3rd grade writin’ and goatfuckery.
Rah
Premium leeches will need to sign up and register first. We would never allow these mental ward patients in.
Gerald, please remove yourself from this vicinity.
This goes out to all of you bozos who are running their mouths: Consider this a lesson learned and stick a sock in it.
The market humbles EVERYONE at some point. Even guys like Le Fly. Its humbled me many of times.
Show some class and end the trash talk.
Jpe
You are talking to escaped mental ward patients.
.
… the difference is NONE of these hyenas have ANY accountability !
NONE !!!
In their “internet anonymity” they’re ALL perfectly positioned … with perfectly timed entries and exits … they’ve got ALL the answers !!!
—
Woody Allen once said …
“70% of success in life is showing up”!
—
Fly “shows up” !
Day In … Day Out … the dude is HERE !
Even on days when I’m sure he would rather NOT be !
I doubt seriously that any of these “anonymous Internet hyenas” can say the same !
.
.
Woody also said …
“If you’re not failing every now and again, it’s a sign you’re not doing anything very innovative.”
.
Thanks Alf.
It seems I must’ve misunderstood you in the past.
.
… understandable !
No doubt I can be a P.I.T.A. at times !
—–
I shall remind you of your above post should we find ourselves at some future … ah hem … “misunderstanding” ! 😉
—
I’ll leave you with a final “Woody-ism” …
Some guy hit my fender, and I told him, ‘Be fruitful and multiply,’ but NOT in those words.
—
Although, “be fruitful and multiply” … might be a bit too subtle for some of these characters to comprehend !
.
.
… second thought … prolly best to just go with the unadulterated version !
.
I agree but here’s the difference — Fly is entertaining, shows up each day, but also posts a lot of bullshit, imv. Since he is so quick to ban anyone who doesn’t kowtow to the party line, how can one build credibility here when any opposing view is silenced? I mean, would it be that bad if one parried with a certain fact or belief? Apparently so.
If someone is, hypothetically, so sensitive as to be unable to tolerate any opposition, or even present a counterfactual, then that person is weak. Hypothetically, only of course since apparently Fly can punch a man’s mustache clean off.
While I agree with your sentiment, I disagree that post count means anything.
People should look at the content and character of the message, not the surface (and non material) aspect of whether or not the poster is a regular or not.
Also, fly is anonymous and is as only as accountable as he allows himself to be. He is essentially his own auditor, so no, that is not very accountable. I’m not calling his accountability into question, just saying that I disagree that the current system lends itself to a lot of credibility.
This is the exact type of comment that would typically be deleted and banned. When if you read it, there’s no insult, no aggression, just an expression of a difference of view.
.
… I git what you’re saying … and from someone who has … in the past … dared “speak out” and been “banned” without so much as a hesitation from the site on numerous occasions … I HEAR YOU !!!
.
I think you have to sortta understand the “theatre” !
That IS what it is …
A “theatre” … A “stage” … A “pulpit” !!!
—–
FLY is a bit of an Evangelist !!!
THERE … I said it !!!
He IS VERY CHARISMATIC !!!
—–
I’ll just leave it at that !!!
.
.
… Just say “amen” … slide a twenty in the plate as it passes by … and, STFU !!!
.
…
BTW, avoid “The Pavillion” !!!
And, definitely pass on the koolaid !!!
—-
Joking … sorta !!!
.
.
😉
.
BEHOLD, THE BARBARIAN HORDE HAS DESCENDED UPON iBC
Yelp testing $60 this evening….not good for tomorrow.
So when i thought i was doubling down on Yelp today at 69, i actually somehow entered a double short position. Ridiculous, ended up banking some coin on that trade.
But i lost about 15x that on an ES trade at the same time, one that just never properly recovered.
But still, i feel good about the Yelp error in my favor.
Oh so you are a moron and a liar??
Internet Troll is a psychological disorder. The pattern of behavior is incredibly similar across cases. As if they are clones.
I hate talking shit before a game is over but it’s nice seeing the Pirates light up the Cards tonight.
Did St. Louis really get rid of David Freese?
That’s similar to when Max Talbot left the Penguins. Game 7, 2009 Stanley Cup Finals is probably my favorite sports memory ever. Part of me died when I saw him in a Flyers uniform.
All of these stocks are going to bounce. They always do.
::cues Leslie Nielsen buried alive beach scene::
I dunno, i remember in 2008 there was a good stretch where there was no adequate bounce.
I mean sure, everything bounces, but every once in a while they don’t bounce enough, even over a long period of time.
Yeah, but it didn’t come from all-time highs and while other stocks are still doing just fine (have you seen AKS?).
No doubt, this is much different than anything we have seen in a while (especially the disconnect between markets and individual stocks, which is very alarming), but shit was much ‘gloomier’ as recently as late Sept 2011, if I recall correctly. I believe The Fly dubbed it a “Brazen Bull” Market at the time.
The weekly charts of pretty much all of these stocks are in the beginning stages of what I think will be tradable bottoms.
Now, that may take a couple of months, but I have time.
Where is the Praetorian Guard that used to roam about the iBC countryside keeping the comment section serfs in order when you need them?
I let the inmates out of the prison.
http://ibankcoin.com/flyblog/2014/03/31/the-gates-are-open-feel-free-to-frolic-amongst-yourselves/
Have you thought about pulling an Ackman and switching from shares to options for your 4 horsemen stocks?
no
Mr. Fly, I have followed you for four years almost five. How did you not see this coming? Its been a text book market top for sometime now. I hope you get out with a small loss or better. You’re better then this.
I actually did call for a top in March back in January. Without making excuses, I can only say that everyone gets their comeuppance, eventually.
Well said. The odds, over a long period of time, favor snake eyes for everyone, even the best, at some point.
Le Fly, you are God !!!
I have to admit that I have a lot of balls showing up here again after being banned by Le Fly almost a year ago!
Since banishment I have faithfully been coming back to this site on a daily basis.. The Fly is so goddamn entertaining that I could not help myself but to go undercover and try fucking around with him for fun. I didn’t realize that he was able to zero in on me and ban me and at the same time embarrass the fuck out of me. I remember on one of my, what I thought was an anonymous comments, I was poking fun at how the Fly was losing money and didn’t have a clue about what the fuck he was doing! He responded with and I still cherish the humour in his response with …….Imagine you were in a stupid room with decorative glass windows. You know, the ones that were crowd favorites of the American Psycho crowd back in the 80?s. Now imagine yourself reading my blog, commenting on “The Fly” selling too early. Bear with me, for I am about explain what is in store for you.
You left some comments like “WTF n00b, sold early, hahahahaha,” then took a few sips from your faggotty glass of wine. Then you heard a noise, sounds of laser beams and shit. So, you put your small glass of chardonnay down to take a peak. You walked into the living quarters; but found nothing. So you head back to your desk to revile Le Fly a little bit more. You were having a grand old time on the internets.
Then, suddenly, a fucking spaceship appeared out of nowhere, outside of your bullshit decorative windows. Immediately, a fucking robot arm broke through the fancy glass and punched your face in, shattering the glass of chardonnay all over your moustache.
I WILL FUCKING KILL YOU. That’s like a direct threat to your personal safety. You might get away with talking shit on other sites. iBankcoin, specifically my blog, IS NOT OTHER SITES. I have serious testosterone issues. I am alpha to your omega.
Here, let me explain this shit to you in psychopath caps and quit fucking around!
I love you Fly, always have!
Best regards,
JTU
Thanks JTU
One thing is for sure. A ripping psychotic bounce is coming. Traders tape.
Agreed ironbird. MOMO moves back up next week.
I did not get out unharmed either. I took a three day hit of over 100K. I by no means did any better then the other guy. With all that’s going on and to see very little reaction in the market until now is amazing. I’ve seen the market drop 1000 points in a day before. I expect to see it again one day. God Bless.
Fly, where do you get the funds to repeatedly “average down”?
In theory, with unlimited funds one should never lose. Buy $1 million
of a stock at 100, another million at 50, another million at 20, another million
at 10, and another million at 2 – you have $5 million invested and you own
680,000 shares worth $1.36 million. If the stock goes back to 8 you have
a profit.
But the real world doesn’t work that way. You run out of money or get
margin calls and get wiped out.
On March 24 you said you were “all in” (FEYE, SPLK, YELP etc.)
Yet (somehow) on March 26 you “averaged down” again. On March 31
you said you were “just about fully invested”. Now on April 3 you
“averaged down” again, and are planning yet MORE ”averaging down”
next week.
Mr. Fly, this doesn’t sound at all feasable. Where is the “averaging down”
money coming from?
averaging down doesn’t necessarily equate to doubling down. I bought 5000 shares of EGRX on Friday at around 12.25 and sold 5000 shares at the end of the day at just under 13, thus averaging down a decent bit of my total holdings without needing to utilize “averaging down money” beyond the business day. not really rocket science.
^ LOL.
what you described is not averaging down cowboy
well perhaps PSA, as I am a layman, you can explain ‘averaging down’ to me. I hold a decent bit of EGRX and was able to bring the average price down on my total shares by my additional purchase and sale on Friday. Is it not the process of buying additional shares in a stock at lower prices than you originally purchased? Does averaging down require not selling any of one’s higher priced holdings. Thank you in advance for dummying it down for me.
I sold sale and ezpw, which gave me a ton of cash. Then there’s always leverage
I read an interesting valuation analysis that said there is somewhere between 15% – 50% more downside in these particular names (FEYE, SPLK, etc). Obviously no one knows anything, but if this is just a valuation correction, which is what i suspect, then there could be a good bit more decline before we hit bottom.
I would be more inclined to believe the 15% end of that spectrum.
Fly – love your work and have had a good laugh at all the retard’s posting here. Great idea! Keep up the mayhem!
And what type of poster are you, pray tell?
I’m the type of poster with a long winded homo user name.
control spinning out of…alas Gators topped off an epic downer week
game was sickening. Scottie obviously injured but have never seen him play so poorly. Frazier knocks down a 3 seconds into the game and then disappears. Not how I thought we’d go out but I suppose we overachieved all year.
Does anyone else follow “Big Oil” Companies here?
Not referring to Oil/FUTURES Trading necessarily more to positioning Globally. I don’t care about who’s Political Party is responsible or who is to blame, deals are made regardless.
Looking to swap ideas etc with like-minded Traders and remove one-self from this daily momo/nono whinefest
A stock in a down trend is never a buy.
You nerds think and talk too much.
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… Oh, BTW …
Laugh If You Want “Manly Men” …
I went with the wife today and did a “pedicure” …
Cheesus-H-Christ !!!
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For GAWDS sake … treat yourself !!!
Life is too short NOT to experience this !
DO IT !!!
SERIOUSLY !!!
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Pussies do that
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… and you DARE call yourself “a Gentleman” !!!
I would’ve thought “YOU”… of all “Gentlemen” … would KNOW the “bliss” of “The Pedicure !!!
Gotta say … I’m a bit surprised !
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DO IT !!!
THANK ME LATER !!!
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… Come On You Freakin’ Neanderthals !!!
You won’t regret it !!!
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You are a complete pussy!
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You are a complete douche !!!
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I’m old school
Did you get the uni-brow done as well? Mowjito style
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HELLO !
PEDICURE ?
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Do you NOT understand … ah hem …”PEDICURE” ?
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IT WAS FABULOUS !!!
“No homo “!!!
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You are gay
…………………./´¯/)
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……..(‘(…´…´…. ¯~/’…’)
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……….”…\………. _.·´
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Tell that to Carl Icahn who made $3 bill in nflx
Dear iBankCoiners:
This is your secondary lord and savior, Rong Xu calling. The future opens on 131 minutes. Prepare your amazement at my foreskin, and if you are short, you are in for boom boom pain.
Sincerely,
Rong Xu
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… anxiously awaiting the OPEN tomorrow so I can get STOPPED OUT of my last remaining LONG position !
Gotta feeling “Verne Troyer” is about to make an appearance here !
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