I’d like to be up triple my current level for 2024 but the Gods are preferring that I wait. Today it was revealed that a MAJOR AI server company, $SMCI, might in fact be a fraud. The market is yawning at the resignation of E&Y and only taking down $SMCI by 30%, whilst jacking up $DELL and $HPE, who will likely take share because of this. But is everyone forgetting that $SMCI isn’t an island and that there is an entire ecosystem that goes with building servers and connecting them into the data centers? As a person, it might surprise you to learn that I am extremely bullish on people.
- After all, I had always known that I was good at picking stocks and I could rely upon my instincts to guide me into the wonderful world of Wall Street.
- But on that news, competitors $DELL and $HPE ripped higher and all is well in AI cloud world again, except for the fact that $SMCI might have been committing wanton acts of FRAUD.
- But is everyone forgetting that $SMCI isn’t an island and that there is an entire ecosystem that goes with building servers and connecting them into the data centers?
- When I became a stockbroker it was all I fixated on and early on in my career, I was wrong.
I never went on benders or adventures with friends, but to the train and to an apartment in Bay Ridge Brooklyn to my wife and son. After all, I had always known that I was good at picking stocks and I could rely upon my instincts to guide me into the wonderful world of Wall Street. For the session, I gained +48bps, down from an intraday high of +100bps. We dove into the fucking close, as is customary these days. I have been rather static in my approach, trading less, and applying normal levels of risk, so pardon me if I don’t return 4% on a day when the fucking NASDAQ is flat. My point is, the efficient market theory isn’t always exact.
Seventeen years ago a much younger Fly took to the internets with the intent to change the way people talked about finance. At the time, there was a wide chasm between boardroom jargon and the so called professionals, whether it was online or on CNBC. Act like you’ve been here for a little while, will you? Your largess daily gains and losses is disgusting and revolting to see, akin to bearing witness to someone wearing a neon green suit at a wedding. The market isn’t going anywhere and I hope you have gainful employment to the point where you enjoy the higher echelons of the tax bracket.
She had a choice of whether to take a lump sum then or 5x the amount when I hit 18. This coin has a trading volume below $100k, which means it could be extra volatile and risky.
Recent News
After just 1 year in the business, I was making more money than my mother made over a 10 year period and didn’t know what to do with it. My wife wanted to buy real estate; but I shot down that idea because I had always rented and preferred to invest my money in stocks. It was in stocks where I’d make my fortune, visions of Gatsby and the Count of Monte Cristo, depending on my mood. We weren’t very smart with the money, divvied it up and spent it almost in a manner on par with idiocy. Unlike my mother and sister, I chose to invest it in stocks because I was obsessed with them, always had been since the crash of 1987. I got my first chunk of money when I was 18 via an annuity that was structured for me by my mother after a lawsuit settlement following the murder of my father in 1981.
Market cap
We enjoyed daily 10-20% gains in the next fiber play or the next company to announce a website from which they’d sell their trinkets. But, at least in the beginning, the big money was made in the companies charged with building out the infrastructure for the internet. Back in 1994 I started my first investment in internet companies. At the time it was nascent, almost conceptional, and people thought the smaller start ups didn’t stand a chance against $MSFT and some of the larger companies.
You cannot have tomorrow back; but you can forge into the future with a plan to execute. I use AI all the time in my trading and my daily life. And yes I have the paid version, which is inexorably better. Once upon a time, the site hosted 200 bloggers, did a few public events, and regularly trolled CNBC with malicious intent. But those days are long over and I made a promise to you long ago that I’d never blog past the age of 47.5.
Company
This is when a professional, such as myself, enters the foray. Shares of $SMCI plunged today after their auditor Ernst and Young resigned. This coming after the company fired Deloitte back in March of 2023 raises some serious eyebrows and in my opinion means the death of the company. But on that news, competitors $DELL and $HPE ripped higher and all is well in AI cloud world again, except for the fact that $SMCI might have been committing wanton acts of FRAUD. $SMCI also is in the liquid cooling space, a field currently dominated by $VRT. Why isn’t the market bidding that up as well.
Questions In Regards to $SMCI
When I became a stockbroker it was all I fixated on and early on in my career, I was wrong. The internet stocks were going down, but I wasn’t dissuaded because I felt convinced, eventually, I’d be proven right. These are likely the very final blogs of the site, so I want to make them useful. We are bullish providing the conditions are right. I cannot sit here and tell you that the US 10YR at 4.30% is a nothing burger. The fact that the Fed cannot assuage markets to fall in line is always troubling.
- Your largess daily gains and losses is disgusting and revolting to see, akin to bearing witness to someone wearing a neon green suit at a wedding.
- My behavior reflects this in my trading; but it wasn’t always this way.
- With my money, I had plans, especially since I had my first son when I was just 21.
- Act like you’ve been here for a little while, will you?
In an era dominated by dubious «fake news» outlets, iBankCoin defines itself in counterpoint. Why do I need to make all of the money now? Am I doing this out of a feeling of ineptitude and low esteem? What is it about me that makes me think I can trick everyone and beat the market?
It’s more of a mere approximation of things as people attempt to gain information, peering into the future, trying to profit from what other people might not know. Because you’re all fucking morons, that’s why. They view the black woman with the headscarf on the pancake box as an integral part of their childhoods and they really want that bitch back.
Gains and losses
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Politics aside, I believe in the human evolutionary spirit like the best of them and it is this evergreen feeling coupled with my fear of losing money that I balance myself as an investor. You can be two things at once, long and short, depending on the arb and the timeframe. You miss a trade whilst in the bathroom but an investment because you thought the President would ruin the nation.
I have seen this play out before and the Fed ALWAYS wins. But, make no mistake, the jitters you’re sensing in the tape with this overhang is due to the bond market fucking off. Now along this path there will be pops and drops, moments of discord and operational inefficiencies. But the AI network will be build, going from 400g to 800g to 1.6t datacenters; there will be bountiful profits to be enjoyed. The trick from now until then is to not get completely shaken out and know when to pull some into cash and know when to buy dips.
I’ve made plenty of mistakes with money and my relationship with it has always been contentious. I fear losing it and don’t want to revert back to not having any, not now and not ever. My behavior reflects this in my trading; but it wasn’t always this way. When I first became a stockbroker in ’97 I dabbled in junk bonds and early stage internet stocks with all of my money, because I wanted to be rich. With my money, I had plans, especially since I had my first son when I was just 21. In a sense, I have always been a father, for all of my adult life.
Lo and behold, here I am at 48 with news that ibankcoin I am retiring from blogging as “The Fly”, in exchange for getting back into the field of professional money management. CryptoEN includes everything you need to know about Bitcoin, Ethereum, Ripple, Lightcoin, and 1900+ more cryptocurrencies. Ultimate guides, Latest news, Prices, Charts and Investments, browse through CryptoEN and you will start speaking CryptoEN fluently! Cryptocurrencies are highly volatile instruments. Trading CFDs in Cryptocurrencies carries significant risk of loss of all invested amounts. IBankCoin is a Proof of Work / Proof of Stake cryptocurrency that uses the Scrypt encryption algorithm.