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
20,185 Blog Posts


While most of you get ship-wrecked by this malevolent tape, “Le Fly” is banking coin. He sold his DRIP this morning and re-shuffled his Quant, which booked a gain of +1.2% in August, and is now reallocating into various names.

Did I mention I sold EXK for a +16.5% gain? Oh, I did that too.

So what’s next on the agenda? Something exotic?

Well, I am 35% cash, long some miners, old man stocks, and other shit that is holding up well. Stuff that isn’t holding up well is sold immediately. I don’t have the time or inclination for recoveries. I am in a state of winship all the time and if I’m not I best to get into one in short order. Life is fleeting and the market is a bitch — might as well milk it best I can to the best of my God given abilities and let the chum come along for the ride.

Yields are very low. Money will chase yield or stocks paying dividends and gold. Don’t forget gold. Please don’t forget silver.

That is all.

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One comment

  1. numbersgame

    – Roku has 82M shares outstanding. It has been trading an average of over 12M sahres daily: about 15%
    – It is also up more than 400% in 8 months.

    Neither of those measures is anything near “normal”.

    It reminds me of when you see a child walking a big dog: control is an illusion, and you’d better hope the dog stays stays calm.

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