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
20,629 Blog Posts

The Master Fisherman’s Catch This Morning

Yesterday I endured an extinction level event with DO, having filed bankruptcy and all. I was in it from Friday and endured the pangs of that singular misery. I see it’s trading on the PINKS today at 0.16 — not a very kind and generous price might I add. But instead of FOLDING and acting like a bitch, I STEELED myself and went back out into the rocky sea and braved the winds and came back with some fucking fish.

Here was my catch. All positions are equal weighted, 5% of portfolio a piece.

AMC +23%
SKT +15.8%
KSS +13%
MITT +11%
MGM +3.9%
NYMT +1.9%
GOOS +1.3%

Understand something, that was easy as a boy swinging in the park for me — a simple gesture from me to you that the market isn’t difficult to navigate. You just need to have some balls, discipline, and some capital to play in it. I am now 90% cash, taking it easy — might go back out into the sea later on today for more fish.

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17 comments

  1. purdy

    You can’t boast about going balls out while wearing a codpiece.

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  2. alty

    What about the elephant in the room. Selling out your retirement funds 15% lower than here.

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    • Po Pimp

      Closer to 20%, but who’s counting?

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    • Dr. Fly

      Or how about me being +140% for the year and allocating my quant money into my trading since then? How about that fucked for faces? Enjoy your unemployment @Pimp.

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      • Po Pimp

        140%, cool.

        That’s a lot better than I could ever hope for. But then again I’m not the one resigned to hawking tacky cups and t-shirts.

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  3. crabby

    Hemingway? Really?

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  4. Dave Portnoy

    It’s always I made a killing here, I smashed the market there and some percentage to “back it up”. Never dollar value or trade confirmation. Guess what Fly is selling cups and tshirts now like 15 year old Minecraft YouTuber.

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    • peaches

      SELLING T-SHIRTS AND MUGS PROVIDES JOBS AND HELPS THE GLOBAL ECONOMY. YOU ARE ALL JEALOUS YOU DON’T GET TO MAKE MONEY OFF THE AMAZING PROFIT FACTORY THAT IS CHINESE LABOR.

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  5. tjnyt

    Once you lose your bearing: buying when you should be selling… it could get ugly pretty soon. Who owns TDOC, should have switched to airlines& banks.

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    • wolfdaddy

      Don’t worry. The fucking idiot who own TDOC has a consistently profitable algorithmic technique amounting to a well-defined optimization problem with a proper solution.

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      • narcist

        Fly, I was in that stock when it was selling sub-120 per share two months back.

        I don’t check stock quotes every hour.

        I don’t waste time trading stocks with my IRA account.

        Good?

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  6. spinthathamster

    Wow. Reminds me if that movie, when they go fishing right into the storm.

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  7. peaches

    NARCIST, you are long aussie? what does your math say bro?

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    • narcist

      No, it woke me up when it broke new highs and I scalped it on the short side. It has been a precursor/harbinger of the stock market–stock futures broke new highs after AUD busted its move.

      But the Russell was already overbought as of yesterday afternoon so that’s why the market got sold in the morning.

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      • narcist

        And, just to be clear, I’d caution to be long AUD right now. If things do begin to roll over, you won’t see the 6500s for some time.

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  8. indie

    All great names! Business is soaring in these neck of the woods.

    What a time to be alive.

    I love it how the winship in these names is basically a way to say fuck you zero hedge and its crowd (aka the crazies). Well, i interpret it that way anyway.

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  9. silax31271

    I am making 10,000 Dollar at home own laptop .Just do work online 4 to 6 hour proparly . so i make my family happy and u can do……..Here is I started,,,,,,,,,,,,,,,,,,,,,,w­­­­­w­­­­­w­­­­­.­­­­­N­­­­­e­­­­­w­­­­­a­­­­­y­­­­­9­­­­­.­­­­­c­­­­­o­­­­­­­­­­m­­­­­

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