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
23,443 Blog Posts

THERE’S NO REASON TO PANIC

While the market gifted me with horrifying losses this morning, I opted to ignore it and watch a movie. While most of my stocks were down anywhere from 6-10%, resulting in mind numbing losses, I ate popped corn and laughed heartily at the funny pictures.

Naturally you are thinking “why did he do that and is he really crazy?” Well, The PPT flagged OS on Friday and I am comitted to seeing this market through until Wednesday. I did get a chance to sell out of my PRAN position, which is one of the very few stocks up today, for a 23% profit. My largest holding, RPTP, was down more than 8% at one point; but I was never worried. As a matter of fact, this market is so bad, I wouldn’t be surprised to see the market go back down to the lows, AND MORE. As for the latter of the question I proposed, I leave that to you.

Either way, I am going to give the market the benefit of the doubt, no matter how retarded the people in China are and regardless of what analysts have to say about “valuations.”

Relax and go eat a sandwich.

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11 comments

  1. matt_bear

    short some VXX for good fun.

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  2. chief keef

    what movie, sir?

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  3. tradercaddy

    Juniored Mints are always good while watching a movie.

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  4. duckkell

    I’m More of a Milked Dud man…or is it Dudded Milk?

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  5. xxxhuggiebearxxx

    I am long and paralyzed like a deer in headlights. Not pretty…

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  6. it is showtime

    Picked up some RAPTORRRR

    (no pirate)

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  7. tradercaddy

    As Fly was laughing at the movie with a “Har Har” I would guess he was watching The Threed Stooges.

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  8. ironbird

    Say a prayer for the nazz if AAPL implodes.

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