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
23,444 Blog Posts

Meager Monday

Fuck Sprint and the Japanese horse it rode in on. Once again the market is addled by milquetoast pussies, selling into rallies because that’s what milquetoast pussies do. What am I supposed to do, sit here and watch everything drop, tick by tick, because I have a bullish disposition?

Futures are higher. But it’s child’s play, frankly. There isn’t much to be excited over, particularly when coming off of a -3% drubbing on Friday. My world, for lack of a better word, is crumbling around me–all thanks and praise to the fucktards who are selling my stocks.

Back to basics: look for momentum and follow it. When the momentum swings the other way, adjust by taking losses and wait for the mean reversion Gods to step in, taking you higher once again. I didn’t take profits on Thursday and I should have. In fairness to my cause, I could not have predicted OSG, JIVE and ANR catastrophes were set to occur the very next day. Nevertheless, they did and I now find myself with my dick in my hand (no Gyp Rosetti) and nothing to show for it.

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

11 comments

  1. Mike

    Love the Empire…nice to see Chalky White again..Rosetti a freak..couldnt they pick a girlfriend for Nucky with some tits?? Jesus Billie flat as a pancake……….

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

    “look for momentum and follow it” …would that be the same as “sell ! sell! sell!: ??

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

    It looks like you took that popup ad off the site. It seemed to be only when I was on the ipad. Thanks for removing it because it was driving me nuts.

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

      I’ve been telling ad guy forever to remove. It’s not an ad, but a survey.

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

      i had the same thing. emailed jeremy but he couldn’t recreate it. only on i pad. only happened while on tabbed bloggers. usually home depot or wells fargo. frustrating as all get out.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  4. republicat

    This market is goin’ frickin’ nowhere until the election.

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

    People are worried about big tax increases, fiscal cliff, end of Bush tax cuts, etc going into 2013. So they are gonna go to cash on even the smallest rips. Selling in 2013 could be a 10% loss.

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

    Dear Fly,

    could 3-week sale in “My Sharona”, aka NAK, be over?

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