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
23,433 Blog Posts

STOP ANALYZING CHARTS!

You fucking faggots are starting to piss me off, giving me shit about my stocks that are tanking. Are my positions special in their fucktarded ways going lower? Or, just an idea here, IS THE FUCKING MARKET IN LIQUIDATION MODE?

I’ve warned you for over a week that the market was due to go lower. I told you ‘we’re going off the fucking cliff, raise cash!”, yet you chose to leverage up and eat beefed jerkies.

There are degrees of severity as we drown lower. Some stocks are getting hemlocked, like SWHC, EXK and VHC, others are slowly marching to their deaths. Does it matter? Whenever the market decided to sniff some Federal Reserve cocaine again, the biggest losers will be the biggest winners.

I am half cash, half armageddon. I’ve been getting stripped for 2% per day, even with half cash. For the love of roaming wolf packs in search for human meat, make it stop stock Gods, make it stop.

I will sacrifice 10 goats, 5 chickens and 1 human for a little respite, so that I can enjoy “Government Appreciation Day” next week, like the rest of America.

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29 comments

  1. The Pirate

    I love you Fly (no homo)

    Ps. Don’t pray to false gods, there’s only ONE.

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  2. clegger_2000

    Tread with care, lest you get OSISed

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  3. Zmbiklr

    The bearded clam wants human sacrifices, not goats.

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  4. Bottle Rocket

    Being down only 5 points on the S&P is our bounce. Prepare for 75 point drops next week.

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  5. mrkcbill

    “yet you chose to leverage up and eat beefed jerkies.” classic
    I have been eating this turkey jerkey shit from COST lately..so freaking good just don’t read the label

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  6. Patrick

    Dow down 40? And everyone is freaking out.

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  7. JakeGint

    GDX BOT!

    AGQ BOT!

    RGLD BOT!

    _______

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    • TraderCaddy

      I know- bought SLV,GDXJ about 15 minutes ago- day trade.
      Financials holding up indicates PM bounce rally (I think).

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    • tm

      By BOT, you mean: averaged down.

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  8. TraderCaddy

    Speaking of “beefed jerkies” try the Simms beef jerky at Aldis (by the counter).
    Made in USA (we make good jerky) and very lean (Whole Foods standards).

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  9. elizamae

    This market is brutal, but I’m just glad that I’m not the only one who received so much enjoyment out of “beefed jerkies”.

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  10. 0smamajamma

    Once I pass my new gun laws your gun stocks are done, they will make a killing in the mean time, invest in the type of guns I plan to ban (Physical) and they will double in price, since they will soon be preban models. Don’t say I never helped you Wall Street types.

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    • The Eye-Talian Stallion
      The Eye-Talian Stallion

      Anything black will increase dramatically. And don’t forget the quad rails w/Trijicon, streamlight and Magpul furniture.

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  11. Bleached Asshole

    Warning, moose knuckle formation,
    trade at your own risk!

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  12. Bottle Rocket

    MRVL earnings after the bell. I bet it’s a blowout quarter.

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  13. ottnott

    AAII sentiment survey at 96th percentile for bearishness.

    It is a very noisy signal, so use it with caution. For me, the safe takeaway is that investors are feeling fear, not complacency, but have not been at high fear levels long enough to do more than a little selling.

    Last 2 times at/near this level of bearishness were roughly Aug-Oct 2011 and May-Aug 2010. Those periods were marked by steep drops (about 1.5 – 2 times what we’ve seen in the latest decline) into very volatile bottom regions lasting about 2 months. The climb out was fairly steep, but only about half the slope of the decline. Total time from initial peak to regaining peak value was about 6 months. The high levels of bearishness began part way down the decline.

    One should not assume that the same pattern will occur again, other than in the sense that decline/bottoming/recovery tend toward certain features (such as steeper slopes on the decline than on the recovery). I believe that the outcome of negotiations over tax changes and budget sequestration (aka fiscal cliff) will be a catalyst for a strong move one way or another. Also, the selling for capital gains in 2012 and holding off loss taking until 2013 (the opposite of the usual year-end incentives) will be over by early 2013.

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  14. Rhino

    My balls are supported, but my dick is sitting in a tight resistance level looking to break out and slap some politicians.

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  15. Cascadian

    Shorts will want to take profits this year too. We may not have bottomed yet, but there will be a strong snap back before year end.

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  16. The Plumber's Crack
    The Plumber's Crack

    Piss on those fucking urinal mints.

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