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
23,474 Blog Posts

No Do Overs

No one knows where the market is going this week. Anyone who tells you for certain is either under the influence of heavy narcotic usage or lying. But traders rarely lie, right?

If you missed out on the dot com bubble from 2000, just know, this is nothing like that. Those companies weren’t even banking revenues. Comparing this to that is a feeble attempt of reliving the past. There are no do-overs. You missed it then and you’re missing it now.

All of you jackasses can continue to play whack-a-mole, guessing the near term direction. I’ll stick to a long only position for now, as it has been the dominant position to be in for the better half of 1,825 days.

https://www.youtube.com/watch?v=FdMJf-gm-us

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52 comments

  1. sspiff

    it will fluctuate.

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  2. drake sucks

    Nice music selection.

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  3. Jennifer

    The area you nitwits should be focusing on is IBB that’s analogous to csco orcl etc not some money losing operation like feye

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  4. TraderCaddy

    Yes, this ain’t 2000.
    Those .coms were basically based on hype of the internets and fear of Y2k.
    But, be careful Fly.
    Hanging onto a loss and turning same into a long term holding in hopes of getting even hardly works and isn’t your style.
    Ditch ’em first chance you get.

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  5. Poppin' Off

    The mkt is going to zero in nominal terms and everything will remain operational and become free.

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    • budh

      It’s already free money, except you have to pay a portion to Uncle Sam.

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  6. Bart Smith

    YELP is trying to get over 200dma..Not sure if it can do it. Jennifer you must be a man or real ugly.

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  7. Jennifer

    Bib up nicely

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  8. Bart Smith

    Oh Sorry Jennifer’s Dad if you happen to be on this stock discussion thread.

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  9. alf44

    .
    Fly, is it my imagination or, has your front page moniker changed from …

    Chief Market Strategist to …

    Founder ?
    .

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    • The Fly

      Alf

      Founder is more realistic as it pertains to the site. The other writers have their own unique strategies and do not need advice from me.

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      • alf44

        .
        … I see your point with the other writers and was certainly not being critical !

        Thought my “eye” was deceiving me !

        .

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    • Panda bear

      I blame it on HBO’s “Silicon Valley”. PPT = Lossless compression for finance

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  10. TheRoyalPain

    I feel we could be in for a medium term pattern where we are trapped in a range…basically waiting for SOMETHING to “happen” to give people a reason for conviction, even if it is a faux one.

    Too much cash that needs a parking place to truly crash, but no real turbo for an upside. Maybe a playable range, maybe not….it is a casino after all.

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  11. The Fly

    Nice headfake

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  12. The Fly

    The market will either go up or down.

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  13. jeremy

    FEYE looking stronger than it has in weeks. We are all rich again.

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    • Gary Kaultbaums Horrendous Facial Hair (& timing)
      Gary Kaultbaums Horrendous Facial Hair (& timing)

      Jeremy are you retarded? FEYE hasnt gone anywhere price wise in 2 weeks and longer term its exactly where it was back in January. Dont worry, you can unload your 3 shares when it bounces.

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  14. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    First Short Tranche has been placed.

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  15. G. Schauer

    Do you interact with the other writers? I find chessNwine to be quite the gentleman.

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  16. Noni Kavuri

    Fly, you liking the price action in YELP? I think FB and YELP are both going to crush earnings.

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  17. Mr.Partridge

    No reason to be in the market here.

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  18. J Livermore

    The Gangsta genre is so tired !!!!!!!!!!!!!!

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  19. alf44

    .

    Market Breadth not exactly scintillating here !

    Just sayin’ …

    .

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  20. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    I might undo my short and wait for netflix to report. If they do well it could reverse this internet carnage and cause a mini-run

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  21. the pirate

    Fer those who missed ‘Cap’n Fly’s’ triumphs in years past this be fer you:
    http://www.youtube.com/watch?v=Cv3sAFe1FCM

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  22. No One

    Buy KNDI. They make killer go-karts

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  23. Raise taxes, lower spending
    Raise taxes, lower spending

    Could all this wobbling in tech be because of the imminent Supreme Court verdict on the Alice Corp. case?

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  24. unclehar

    What is it about this Keystone you don’t like? Your people are costing me money now.

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  25. Mustbecloned

    Forex kong knows, and doesn’t think to highly of stock traders no?

    Ouch.

    http://Www.forexkong.com

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