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
20,200 Blog Posts

Making Lemonade With All These Damned Lemons

Hard tape, down another 650 — for you. For me, this is what I was born for — to preside over the fires burning bright and hot with orchestral music whirring in the background. While you sat there wondering when stocks would bottom and when you could stop being such a faggot, Le Fly, a man of action, is minting coin.

Now I do not tell you these things to make you jealous. I will give you these fish. All you have to do is reserve a table at House Exodus and they are yours. Someone has to thrive in all this, might as well be me.

TODAY’S BOUNTY

IFMK +32% (bought in AHs last night after seeing volume and price tick)
FAZ +3.7% (bought into close, had a ‘hunch’)
GRIL +23% (BRO, WANT SOME WHEY WITH THOSE HARD BOILED EGGS)
GRIL +10% (so good I bought it twice)

I have three positions left, one of which is a DOUBLE SIZED position. I am not sure if the market is bottoming and I really do not care. I cannot concern myself with macro events, which is why I sold out of my retirement and Quant accounts in total. I am Captain of this vessel and if it’s going down, I will preside over it — not some harebrained “buy and hold” stratagem that only works during good times.

TESTIMONIAL TIME:

If you enjoy the content at iBankCoin, please follow us on Twitter

30 comments

  1. tjnyt

    Was down again 5%, now up 5%, bough apa, dvn, twtr. holding all from yesterday. Everything I have posted last week will be proven correct in time.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. roguewave

    Yes! The time has come for men to take control of their retirement accounts and destiny. You don’t want 5 layers of bureaucracy between you and your money, (‘did that yrs ago)

    We don’t know where the COVID witch trials will lead. But in the end most will likely be separated from their coin whether by bail-in, bail-out, corrolito…whatever.
    Take what is yours before it’s too late!

    Buy and hold makes Johnny very dull and very poor.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. edge

    You know it’s bad when Nourial Roubini sounds almost mainstream.
    No overnight holds. 15% treasuries 85% cash. Looking for something to buy.

    • 2
    • 0
    • 0 Deem this to be "Fake News"
  4. edge

    Nice Trades, Fly.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. tjnyt

    Movin on now…
    Fu Cuomo still talking about ventilators and army dunce.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. tjnyt

    We don’t need army, we need BIG Beautiful infrastructure programs by our Greatest Ever Builder from NYC.

    • 0
    • 1
    • 0 Deem this to be "Fake News"
  7. bennyhill

    I joined Exodus for kicks to see if I could follow Flys trades – it’s not really possible I just took a 17% loss on GRIL where he took a 23% gain.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
    • heckler

      agree some people must learn to fish for themselves

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • bennyhill

        I’m a long term investor been in FANG stocks since the 2008 bottom, not really a trader but was curious if it would be possible to follow his trades. It does not work unless maybe you don’t work a real job and sit in the Pelican room every minute and even then he pumps and dumps low volume stocks.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • Dr. Fly

          You liar

          What is your name in Exodus?

          I trade liquid stock and all of my Pelicans make money. If you lost on GRIL, that happens in volatility. But don’t make outrageous claims like I’m only trading small stocks. I swing in ETFs and highly liquid virus related names lately.

          What is your handle in Exodus?

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • bennyhill

            Freebie

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • Dr. Fly

            My last 10 trades

            APRN +71%
            SOXS +13.2%
            (TMF -23%)
            PIXY +32%
            WTRH +12.7%
            IFMK +32%
            FAZ +3.7%
            GRIL +23%
            GRIL +10%
            OSTK +9.4%

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • numbersgame

            A little of A, a little of B…

            Of course its “volatiltiy”, Fly! That’s not a feature of your picks, that’s a BUG.

            Unless you post your trade BEFORE you make it (giving a chance for the Pelicans to get the same prices as you), you’re almost guranteed to make 5-10% more than your pelicans on low-volume, micro-caps.

            An alterantive approach would be to create an *actual fund* that you trade and that Exodus members could buy into. That way, everyone would have the same buys and sells as you.

            Again, I’m not implying that it’s all luck – you defeintely are more skilled than average. Of course, if some Pelican member wants to chime in with their gains from those ^ trades, then i guess we could see how that works.

            • 1
            • 0
            • 0 Deem this to be "Fake News"
          • bennyhill

            I’m not lying I posted my results and I missed big runs like aprn. Watching your trades in the Pelican have been impressive to watch but as a working guy trying to follow between work meetings based on the email alerts it seems impossible to follow. Probably great for full time traders to share ideas.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
  8. heckler

    Stay home. Lay on couch. Open mailbox. Get money. Buy weed. Smoke weed. Buy stocks. Get rich!

    • 1
    • 1
    • 0 Deem this to be "Fake News"
    • ericbakerbruce

      Do not smoke it. Ruins your lungs. Grass ain’t my cup of tea, but if it was, I’d partake in the edibles. Just some friendly advice. Engaging in activities that can cause future pulmonary issues should be avoided at all costs.

      • 1
      • 0
      • 0 Deem this to be "Fake News"
      • heckler

        That’s the progressive future-forward thinking I’ve always liked about you

        • 2
        • 0
        • 0 Deem this to be "Fake News"
        • ericbakerbruce

          Just trying to help a brother out. Honestly, I know many people that smoked weed only in their younger days and they have the same pulmonary issues as cigarette smokers. My understanding is the edibles are just as good just takes a little longer to feel the effects

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  9. edge

    Retail sentiment is at a level that could give us a move up. Usually reliable. I don’t about this time but I sure would like a chance to load up on puts.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. edge

    Lighten up on Fly. The stuff he gives away is better than some of what you have to pay for.
    I tried Exodus. It wasn’t my thing but it was as advertised, very good tools.
    Besides he gives us internet creatures a place to post our trash. Show some respect.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • numbersgame

      GOin with FLy si probably a better use of your money thatn 95% of investment advisors. Most of those guys can (and will) be replaced by computers (robo-advisors) that are just as effective.

      However, one thing to remember about AIs: they only *learn* what they are *taught*. They can’t adapt to new situations easily, sothey will be calssic dip-buyers for the most part.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • heckler

        For me what I’ve learned most is more attitude. I’ve tried to follow his trades too and it is not my style

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  11. tjnyt

    Dr. EDC is safe can make big coin.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. awanka

    I’m 95% long.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. heckler

    “thank you mr president if you don’t mind I’d like to offer you a quick blow job here on stage since your so brave and courageous and a such a good leader”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. awanka

    Didn’t work. Back to just owning NFLX.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. alty

    Shares are definitely moving from weak hands to strong hands in this environment. I had no idea there were so many weak hands among Flys readership.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • awanka

      Look at these hooves. How am I supposed to hold on to anything?

      • 1
      • 0
      • 0 Deem this to be "Fake News"
      • alty

        Ha. Wasn’t meaning to call you out specifically even if my comment immediately followed yours. Just a permabull talking shit 🙂

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  16. snoozemr

    i’ve been buying today. bought some msft and dis this morning. some baba a bit ago. would like to see a decent close with no limit ups or downs.

    • 0
    • 0
    • 0 Deem this to be "Fake News"