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
23,428 Blog Posts

SOLD!

Everything was so good just 30 minutes ago. But now, all of a sudden, the markets are going lower.

OH NO!!

The news was good, but is now being sold to the quickest buyer.

As an aside, I’m hearing the dick-grabbers in Congress are fixing to legalize online poker for only the big players. Stocks that might benefit, in a tremendous way are WYNN, LVS, BYD and MGM.

I’m still incredibly bullish on gold and silver. Top pick is EXK.

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

8 comments

  1. TraderCaddy

    Didn’t ZNGA just get a gambling license somewhere (read that somewhere-Vegas?).
    Market reminds me a little of late’83 early ’84. Look it up and see what happened to tech after a nice post Ronald R. Aug. 1982 bull run.

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

      Market reminds you a little of circumstances 30 years ago? My hat is off to you…I don’t remember what shirt I was wearing yesterday.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  2. The Real Muppet

    The Real Muppet got bearish this morning too.

    Miners are starting to catch the metals. Nice play.

    http://stockcharts.com/h-sc/ui?s=GDX:GLD&p=D&b=5&g=0&id=p30186349522&a=285564697

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

      Just remember gold miners are also equities. I have a 10/19/87 ECO (Echo Bay Mines) run up of some 25% in 2 hours as the market was crashing etched into my brain and then one ugly reversal (while gold price stayed up), It took 5-6 weeks for these miners to have consecutive up days.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • The Real Muppet

        I don’t own anything except a small position in spy puts bot on the clam’s bounce. I just like the idea of the miners being oversold relative to PMs. Thanks though.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • The Real Muppet

          I’ve been hammered playing with miners in the past so I don’t like the area very much. Same thing with tequila

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  3. hail eris

    Bitch please, the best poker play is ZNGA. That bitch is ugly as fuck and priced like a penny stock.

    But guess what, who has the poker site with the largest userbase? The same company that mainpulates your grandma into convincing you into joining her bullshit facebook farm game. It’d be trivial to upsell those Zynga Poker users into real money users. At $2.60 and change per share, that’s practically a cheap out of the money option call on federal legislation on poker.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Grey Poopon

    Def would add CZR to that list as well, they own the World Series of Poker brand.

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