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
23,468 Blog Posts

Dodging Bullets Like Neo

I’m not participating in today’s rally, down about 0.01% thanks to HDGE and GTAT. But I dodged much bigger losses with yesterday’s closing out of my short book. One notable mover is AG, which was an 11% short position–booked for an 8% gain.

In the past, I’d get pissed off for missing days like this, lament over the peecee like a drunken pervert. Today I swung on the hammock in my backyard, back and forth like my balls. So, don’t worry about Senor Tropicana. I got this.

As I write this, GTAT just went positive and HLF tanked a bit. I have no skin in the HLF game, but only hope and pray–to the new Gods and the old– that it will become Bill Ackman’s Stalingrad.

My prediction is very straight forward: this is the grande finale of the run. We’ve exhausted all options, leading up to tax collection day. Just like every dog has its day, every banker needs a break.

Don’t expect miracles this summer. That, my friends, is reserved for colder climes.

 

 

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4 comments

  1. Mike

    Silver about to move higher from here?? EXK ?

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  2. jimmy_two_times
    jimmy_two_times

    good piece. lightening up here.

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  3. JakeGint

    I hope Partridge got out of his pear tree in time, like the Monsieur.

    __________

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