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
23,415 Blog Posts

Stuck in the Penalty Box

I’d love to be long the variety of stocks up 10% today. Sadly, I am only long one of them: IFON. I cannot afford the risk of being long river boat gambling casino stocks because I was a loser a few weeks ago. Until I can recoup some of my losses via these olde man stocks (dated till 2100), things are gonna be a little moribund around here. Then again, boring for me is race car driving for you ham and eggers.

Today was a day to reminisce about the good old days, the times when stocks forklifted short sellers right out of their chairs and ramming  their big stupid heads into their respective computer terminals.

 

Top picks: JAZZ, WCC,ACE and FANG

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28 comments

  1. the pirate

    Ram em in the arse Cp’n Fly, arrrr!

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  2. sloop

    You’re doing it right. I know you laugh in the face of bears. But, this fake freak of a market driven only by low interest rates and QE 1.2 and3 IS A JOKE!! The end is close. ITS ALL FAKE!!!

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  3. UncleBuccs

    Dr. Fly, you’re so well versed in the industry, I wanted to ask: does captaining a pirate ship this summer appeal to you in the least?

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  4. it is showtime
    it is showtime

    Again. If this isn’t a bell ringing.
    (not The bell) (A bell)

    Five Figure Flip Episode Guide 2014
    A married couple who look to yield a five-figure profit every time they flip a house are followed in this reality show,

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  5. bensteinsmoney
    bensteinsmoney

    http://caldaro.wordpress.com/2014/05/12/monday-update-405/

    The market gapped up at the open to start the week, then continued to rally, with only two-three point pullbacks along the way. Before 10:30 the SPX cleared short term resistance at 1889/1891, and then entered the OEW 1901 pivot range for the first time since early April. Around 3pm the SPX matched its all time high at 1897. This morning we marked the recent SPX 1860 low as Minute wave ii, when the SPX cleared 1891. With today’s, and late-Friday’s, strength in the NDX/NAZ, this rally could be the third wave, (Minute iii), we have been waiting for.

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    • budh

      I suppose it COULD BE the 1st;2nd;4th or 5th wave as well.

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      • bensteinsmoney
        bensteinsmoney

        but it’s not … We are still in Primary Wave3 … The damage comes in Primary Wave4 … Be out or short in time for the elections.

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  6. Dr. Fly

    I just wanted to go on record saying Ben Stein ISN’T MONEY

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  7. bonobo smores

    Good Doctor
    Does the PPT have a calculus to determine when to run away and hide from the summer market? Interns should be arriving soon.

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  8. alf44

    .
    … did I mention I ordered 4 NEW Carlisle Turf Tires for my little Diesal Tractor ?
    —–
    They shipped today …

    I’m BUSTIN’ !!!

    .

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    • alf44

      .
      … Or, perhaps … “diesel” …

      —–

      Did I mention … I’m BUSTIN’ ?!?!?!?

      .

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      • alf44

        .

        … okay, BUSTIN’ is prolly an overstatement !!!

        .

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        • bruce keller

          Sorry for you having to deal with your wife’s Stage 2 Loss and Depression: Anger. You must be pretty drunk and potentially high. Then again you might have made a lot of money today, so that could have fueled even more alcohol and drugs.
          *Shrug*

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          • alf44

            .
            … shouldn’t you be situated in your reserved seat …

            … down at the Truck Stop “Glory Hole” ???

            —–

            FU Twerp !!!

            .

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          • bruce keller

            … 😀 …

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          • bruce keller

            But I really was not trying to be mean at all. I am sorry if you mistook my intentions. Merely empathizing. Let’s put past these misunderstandings.

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