The iFON saga is concluding for me today. I permitted a trade to become an investment. I’ll be damned if I look a gift horse in the face twice and do nothing about it. Thanks to a surge in liquidity and price, with liquidity being the more important aspect of the trade, I sold out of 75% of my IFON position.
Bear in mind, this was a holding of mines that was off by 40% at one point. It was an albatross around my neck and I all but wrote if off, until yesterday. Granted, I have been known to poke fun at the fact that some slick San Diego executives have plunged down south, deep into the jungles of the Amazon, to sell their wares. Nonetheless, I cannot describe to you the burden this stock was for me, considering how much I owned and the lowly nature of the market cap.
Plainly, I am fortunate to escape this former debacle whole. In fact, I escape it at a lofty profit, as I bought it all the way down to the high $1.90s.
With the proceeds, I intend to behave like a proper gentleman and avoid the rabble of micro cap scum, until I get the urge to splurge again.
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Sucka!
Awesome Win Sir. I see a steaked dinner in your future. How is the PPT 2.0 rolling along?
IFON now has the potential to be a 10 bagger. Thanks Fly.
You are as stupid as you look.
Thanks Bud.
Dr. Fly – congratulations. I do enjoy seeing you make money.
That was quite an entertaining saga. Well done doctor.
Arrrr. Yee think William Wallace & the gang will vote fer independence Cap’n, er will they be Longshanked?
Well played my friend. A sign of a true trader who knows the difference between a trade and an investment.
Nicely done, although it is a sad day for the mamacitas.
Thanks for the trade!
Would you describe your posts yesterday as pumping?
Ahh Jenny returns. For those who actually pay for the service, Fly was very clear concerning what he was doing all along and gave everyone a chance to get out of IFON before he sold.
Except he was on here and stocktwits pumping it every hour saying it was going to $10
Thanks for the update. I did the same prior to close yesterday. Ive been holding it for 6 months and am happy to make over 25% on all my shares.
Pump and dump!
You are beyond a gentlemen Le Fly. Anyone not subscribing to your services is an absolute fool, a perverted court jester. With everything I have learned under your tutelage, I have managed to increase my retirement account by 48% so far this year. The federal government should issue an exclusive tax break to IBC for relieving Social Security of some burden.
IBC is the only site I consult for trading and the only services I subscribe too. Plain and simple the best on the street. Thank you (again) !!!