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
23,441 Blog Posts

Catapults Ready

The sooner some of you bastards stop fighting me, the faster you will begin learning what you need to be taught.
-Professor BEAS, 1896

The market is up and running, but there is weakness in a number of my stocks, namely YELP and JCP. Yesterday,The PPT flagged OVERSOLD for SPY and TNA, with near flawless results, giving me the confidence to hold– into what seemed to be a helpless tape. Nevertheless, I am down this morning because we are in a stock pickers markets, and at this time, my stocks happen to suck balls.

The solution is to catapult the losers out of my city walls. Gone.

This is not a time to be stubborn, waiting for stocks to pan out. The heavy lifting was already done; I’ll be damned if I let some asshole stocks derail me from greatness.

For the remainder of the summer, expect Senor Tropicana to position into what’s working, short squeezes and hot sectors, less idealism and thesis trades.

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10 comments

  1. The Pirate Trader
    The Pirate Trader

    Cut the weak, hold the strong. Darwin’s theory of market trading.

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  2. Mike

    EXK??

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  3. I Like Ribs!

    has YELP left the fort or do you still hold?

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  4. The Fly

    vicious sell off in all stocks from the open.

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  5. TMoe

    Shorting more Eur/USD this fucker going to 118.60

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  6. Marc David

    I want Horatio back!

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  7. I Like Ribs!

    YELP being rudely manhandled, I am launching it, even on the trade…

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  8. Mr. President

    Senor,

    The last time I made a musical suggestion, you scoffed at it, and a few months later “Mr. Ross” was a regular feature on your esteemed site.

    I am now making another suggestions: we need some 2 Chainz up in here.

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  9. mariofats

    If making over $1 million per year how much capital do you have to work with?

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