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
23,466 Blog Posts

THE BLACKNESS HAS STRICKEN

My day cannot get worse. I have a large position getting mangled, and oh by the way all of my other positions are getting mangled too. One investor emailed me “DECK, WTF?”

Yes, DECK WTF, indeud.

It joyous to wake up to down 17% off abysmal earnings per share guidance.

The market is following suit, with everything getting taxed. The lack of momentum, I’m afraid, is leading up to a major move to the downside. Of course I am biased today, as I am consumed with The Black Death. I keep reminding myself, in a rain man sort of way, that “the manipulators don’t like to be made fun of,” over and over again–as if my vocabulary was restricted to just 9 words.

Let’s be clear: there is no tomorrow, only today. There will be time to make all of the money back, AND MORE. But right now is a very different matter.

I am talking about capitulation, gentlemen.

Prepare for it.

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25 comments

  1. acehood

    Understand this. $PPC is going higher because people love their chicken.

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    • The Fly

      The following stocks were to be kept in my coffers, but sold or not bought because I am an idiot

      DDD
      PPC
      APKT
      OSTK
      SVU

      I owned them all, save OSTK, which was one of my fav online plays.

      I sold them and kept the rest.

      The result? NOTHING LESS THAN STAGGERING.

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  2. T Bone

    Premature Capitulation

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  3. darkslicer

    think DECK goes for a RIMM award

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  4. The_Real_Hmmm

    How did you respond to your investor’s distress?

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  5. The Eye-Talian Stallion
    The Eye-Talian Stallion

    Like the stupid Garmin, Wall St must re-calculate it’s route now that they understand Romney will be elected. All these years jockeying for position in health care, free money, Obama phones, alternative energy all poof, gone. Now it’s back to oil, coal, re-building our military and the horror, balancing the budget. Moreover, in this scenario, gold will get whacked upside the head.

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    • Mr. Cain Thaler

      Nah, don’t worry. We’re too far down this path to stave off the repercussions now.

      We stay the course to judgement day – the financial variety.

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      • metalleg

        That would be ‘judgment’ day.

        As for gold and silver, there’s no way out of this mess without them soaring.

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  6. KCTrader

    Gap downs holding into earnings happen when your in the game of swing and holding through earnings. It’s part of the game. the inverse could have happen. Tape has been down for the whole year though.

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  7. Mr.Partridge

    US market is sick, Greek not so much…. pretty amazing

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  8. MICKY MOUSE SUCKS
    MICKY MOUSE SUCKS

    What do you think of Disney as a A Stock

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  9. JTU

    Added ACI

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  10. Show the Cards

    I would never buy Horizon Organic Milk or Soy Silk liquid nutrition.

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  11. darkslicer

    FLY DDD IS MAKING ME SICK

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  12. JTU

    DDD-20% of float is short. Nasdaq implies roughly 9 days to cover short interest. Am I reading that right? I’m holding DDD, I think it will make new highs as long as the Market doesn’t head south.

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  13. M.O.B

    Can anyone explain to me why AMZN is up over 5% after shitting the bed on earnings?

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  14. The Plumber's Crack
    The Plumber's Crack

    DDD, and APKT sold both before eps. Made squadoosh on DDD and took the shit pipe in APKT.
    Fuck this earnings bullshit.

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  15. Show the Cards

    Who dares buy GOOG in this market? I am asking, who?

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