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
19,896 Blog Posts

A Great Whore of a Trade Has Been Done

I’d tell you what I bought — but it would only increase my apprehension and increase my cortisol, so I will keep you where you belong — in the cold darkness of ignorance. I had a successful day and made a lot of money — even though I did this, apparently, my trades do not count in the scheme of big data and the law of averages.

Nevertheless, here are my closed trades for the past two days.

INMD +18.5%
INMD +7.2%
INMD +5.9%
CLDR +5.17%
BMRN +1.1%
(CAH -1.1%)
INCY +4.4%
AMED +3.44%
(KPTI -4.28%)
GBT +9.34%
INMD +4.5%
EHTH +1.36%
INMD +2.7%
AXSM +5.6%
RARE +1.92%
AGIO +1.13%
(SAND -5.4%)
(CDE -6.7%)
ICPT +6.3%
ICPT +5.55%
ICPT +3.52%
NXTC +3.28%

18 for my last 22, or 81%. No big deal, I am certain you’re doing better with your XOM and ANIK positions. In spite of all this, I am presently positioned in a 50% weighted holding, the likes I haven’t done in probably a decade or more. I cannot recall the last time being so overweight. It is not my intention to hold this longer than a day, maybe two. It is my intention to have a bit of fun with it and entertain the masses with my incredulous acts of boldness and depraved sense of greed.

More on this tomorrow.

Happy Thanksgiving.

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On the Cusp of a Giant Trade

Today’s bounty.

GBT +9.34%
INMD +4.5%
EHTH +1.36%
INMD +2.7%
AXSM +5.6%
RARE +1.92%
AGIO +1.13%
(SAND -5.4%)
(CDE -6.7%)
ICPT +6.3%
ICPT +5.55%
ICPT +3.52%
NXTC +3.28%

Gobble gobble day is tomorrow and I intend on working fastidiously into the close, by way of executing a monstrous trade. This will only be broadcasted inside Exodus — so fuck off.

DEVELOPING…

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Biotech Worked and I Have the Trades to Prove It

You’d be wise to not bet against me. Here are my trades for today and today only. You should print these out as a thorough reminder that betting against Le Fly is not only stupid, but it’s madness.

GBT +9.34%
INMD +4.5%
INMD +2.7%
AXSM +5.6%
RARE +1.92%
AGIO +1.13%
(SAND -5.4%)
(CDE -6.7%)
ICPT +6.3%
ICPT +5.55%
ICPT +3.52%

Both losers were in the gold sector, a dead area of the market not so much different from the black sea — salting portfolios across the globe with indecorous qualities.

Here was yesterday’s bounty.

INMD +18.5%
INMD +7.2%
INMD +5.9%
CLDR +5.17%
BMRN +1.1%
(CAH -1.1%)
INCY +4.4%
AMED +3.44%
(KPTI -4.28%)

Notice how wise I am with my trades and how I profit from them often. This is what happens after decades of trial and error — perfecting a trade to the point of excellence.

BEHOLD as I am now 70% cash, positioning for one last major gambit of supreme magnanimity.

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Going for a Big Splash into National Feast

I booked a series of trades today that led me to 30% cash and one oversized position in a hot biotech stock. I am doing so in order to attempt a big splash into National Festival Day. I can go either way, frankly. I can up the ante and truly place my balls on the table and short stocks betting on a Black Friday catastrophe. Or, I can simply bet on continuation.

Truth is, this is a good trading environ. If you’re not having fun trading now, you’re a miserable sea-hag and should probably kill yourself. Happy Thanksgiving.

That being said, I have been cold this month, plagued by horror and phantoms. But I sense a shift coming and the Gods are known to favor me, in spite of their humor.

Here were today’s trades.

INMD +18.5%
INMD +7.2%
INMD +5.9%
CLDR +5.17%
BMRN +1.1%
(CAH -1.1%)
INCY +4.4%
AMED +3.44%
(KPTI -3.7%)

Ciao.

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SAAS Stocks Bottomed; Exodus Wins Again

Let’s review for the sake of posterity. It’s important that we learn from mistakes and educate ourselves about how the market really works.

Facts:

SAAS or software stocks are the best stocks in the market — thanks to growth.
SAAS stocks are favored in both private and public markets because of predictability in their business models.
We are in the early stages of enterprise moving IT budgets away and into the hands of specialists in the SAAS industry.
The SAAS sector is the most overvalued in the market, due to the above reasons, and are subject to sharp downturns.

None of those points can be debated. If you hate SAAS and love oil, simply put, you are an idiot.

When SAAS stocks go rocked in October, I TOLD YOOOOO the sector was most oversold since 2014. The oscillator inside Exodus demonstrated this plainly.

Here are two of maybe a dozen articles with me ranting about this.

SAAS STOCKS NOW OVERSOLD MOST SEVERELY SINCE 2014

How Oversold Are SAAS Stocks Now?

Returns over past month.

So how did Lord Fly capitalize on this occurrence? Not much. I have restrictions in place that keep me either in a Quantitative model or very short term trading fool. Both models are great for long term growth, but I’m missing the best ideas approach to investing, a style that I often practiced when I managed money professionally. So, starting 2020, Le Fly will open up a “Best Ideas” portfolio again and populate it with my best ideas. I will still trade and do the quant, but there is a space missing in my investment experience here, as I miss out on ideas and strategies that I know work — but cannot execute upon them because of self imposed rules.

Well, fuck that and fuck you Dr. Fly for keeping the shackles on me. The roaring 20s are just around the corner and I intend to get my share.

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It’s Almost Here; Trade Freely and Bank Coin

Listen to me lads. You cannot lose now. We’re almost there. If you find yourselves wanting to sell short stocks ahead of Turkey execution day, punch yourself into the face and taste the blood of stupidity.

I booked a profit on INMD this morning.

INMD +18.5%
INMD +7.2%
INMD +5.9%

No big deal, on a 3x sized position. That was 15% of my trading account, a pleasurable sojourn into drugs that netted me fantastic bounty.

My next score is being lined up as we speak. I expect a magnanimous run tomorrow, so bear with me as I bowl on fuckers and make them look like pigmies.

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Long Drugs in Size Into Thanksgiving

I’m talking a lot of shit here — because I’m in the process of taking some big dicked trades now — betting on a continuation of the hypo-rally in biotech. That’s right, big ball’d run happening now and you’d be remiss to ignore it.

Dozens of drug stocks are up double digits the past week. Why? Because the biotechs are the ultimate black box trade — the ephemeral dream that doesn’t require annoying earnings or even revenues. It is the American dream personified — the concept and the idealism wrapped up into a security to be trades by spoiled investors looking to press the envelope into the New Year’s.

Do you understand what you’re getting into?

Buying biotechs here is no different from taking a spin on the roulette wheel. Either way you slice it, 666 is the bottom line. Do not follow me into these trades if you value money. Since I’ve always been fortunate enough to make a lot of it, I have little regard for it in my trading account and it is because of this carelessness that I am emboldened to take big risks when the occasion arises.

Higher prices ahead. Fuck off.

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Unreal Meltup Into National Festival — What a Surprise

Good afternoon gents,

I have come back from the gymnasium and then brunch, where I lifted very heavy metal objects and then dined like a goblin on an empty stomach. Quitting carbs is a hard thing to do on National Festival week and pretty much an exercise in futility. Like you, I will resume my cutting diet AFTER Thanksgiving.

Big dicked moves in biotech today.

I have all sorts of biotech stocks on the books today and just added to two more. ‘Tis is the time to be aggressively greedy, almost base to the point of degeneracy. You literally have this opportune once per annum — don’t blow it.

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Prepare Yourselves for Glory

Nasdaq futures are up 30 and just about everyone I know is reserved to the idea of spending the whole week like drunken fat fools — but not Le Fly. Applying a penance to myself, I’ve given up the booze and instead work our tirelessly — with the energy of a much younger man. Yes, if I wanted to I could punch your jaw loose — break your bones and grind them into dust with my bare hands. But I am your friend, your internet sage — who has come here to offer greetings and salutations on this fine Sunday evening.

There isn’t going to be a sell off because stocks do not trade lower into National Festival. The only thing you have to concern yourselves with this week is whether you want to stay long into Black Friday. Bear in mind, this is a dangerous trade.

However, up until Thursday — trading should be meaningful and fun. I look forward to our adventures inside Exodus.

REMINDER: sign up for the StockLabs beta trials and bear witness to Exodus 2.0.

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Valuation Drives Returns — YOU FUCKING IDIOT MORONS

With headlines like that, I’ll never attain my long term dream of going mainstream.

Lots of chartFAGS out there — people beholden to the view of charlatans and hucksters. The religion of technical analysis is heresy and in the after-life will be strung out and cast into the pits of hell.

It’s important that you arm yourselves with data, before barreling headlong with your fat stomachs into the market. I wanted you to examine the picture below, courtesy of Exodus, and try to imagine yourself basing your decisions on technical analysis as the primary driver of returns.

 

In every instance of valuation contraction, which is caused by rising earnings outpacing market returns, the following years went fucking gangbusters for stocks. The two anomalies was 2007, which bore witness to the nascency of the financial crisis — capping off the year with a -5% rout. The other was the ascendency of Emperor Trump, who slashed taxes and did a lot of damage to the Fed — who was directing interest rate policy in the wrong direction — causing the economy to fuck itself. He corrected those bastards and we’ve enjoyed the benefits ever since. If you recall, late 2018 was the peak for US rates and it caused stocks to get clobbered. Valuations contracted greatly, which led to a monstrous +23% 2019 fever.

In closing, if you only bought stocks after seeing valuation contraction — your average return since 2007 would be +22%.

 

QED

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