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
23,431 Blog Posts

ALERT: DEFCON 10 MODE INITIATED

Admittedly, I am losing my mind today, as symbolized by the nonsensical title of this post. I am losing about $100,000 every 10 minutes. Whenever I refresh the screen, I get see my stocks knifing lower, as if rapists were chasing after them (how fortunate for me). So I deiced to INITIATE DEFCON 10 MODE, which is reserved–EXCLUSIVELY (ooh,fancy)–for shovel to the grave markets.

Protect the extremities (penis, heart, brain–in that order)

Assume the worst.

Whatever can go wrong, will.

Stop believing in fairy tales. In the real world, every one dies.

LIVE TO FIGHT ANOTHER DAY.

My first act was to sell, mind you, that fucking bastard SALE and her ugly cousin EZPW. I am through with them. May they go higher for the next 10,000 years without me. With these sales, I am removed from margin and have buying power that can help me defend the stocks I own on the run from rapists.

I might sell more. Or, I might not. Ideally, I’d like to hold onto the crap that is tanking hardest, with a chance to “average in” like a lunatic. Remember, I just did that with FEYE the other day.

The other side of the mountain is always hard, especially when you are skidding down it without pants.

 

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27 comments

  1. byhiselo

    GOGO from here onwards…march you fools!

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    • The Fly

      you have to be mentally unstable to be thinking about GOGO now

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      • chedda

        I just spit out water all over my screen laughing at your response to GOGO marching onwards from here. Im revisiting the BALT trade bouncing off its 50dma. Easily manageable.
        Sold BIS today for 2 european hookers and a tux wearing little person who will sell me only the finest of cabernets.

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  2. byhiselo

    you don’t see what I see…?

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  3. stones

    It appears that God was not with us so I kicked SELLME and FUCKEYE. Even “stocks that never go down” are losing big and we are cents away from official downtrends IWM SPY. QQQ likely there. The Horror.

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  4. juice

    at least u still got your sense of humor …. when that goes, the bottom will be in 😮

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  5. og

    And here I was, all giddy over the upgrades YELP got this morning…

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  6. stones

    Bear flags on the 10 min charts.

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  7. juice

    reverse or inverse momo-day

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  8. john

    Do as Johnny Carson did, retire, go into disguise and shuffle around town the next 20 years.

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  9. mr.partridge

    I am out of this market as of last week, may be till summer.. interesting day

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    • stones

      Nice. Gun to head, I’d say short-term top. More upside late summer-fall. 75% cash, looking to buy VXX on pullbacks.

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  10. the tristero

    I too am finally “pas SALE,” as the French say for “not dirty.”

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  11. danny1980

    Going down with the ship Sir Fly!

    In for a penny in for a pound! I need to learn how to street perform after trading in this market

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  12. og

    Everyone wishes they were in AAPL now.

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    • metalleg

      If you were in AAPL, you might want to think about getting out right about now.

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      • og

        I’m not, but I wish I was. Down big today because of all the momos I have.

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      • woj

        Why get out of a name that has strength in this tape?

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        • metalleg

          Because if the overall tape doesn’t improve, this one will reverse at some point.

          Alternatively, if the tape reverses, this could be a big winner.

          I was coming from the point of view that the market will continue to head lower.

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  13. Hideous fibs

    The ice age is upon us now or is this Hell Officially freezing over?

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  14. Luke B

    If it makes you feel any better I have under $10 in my bank account.. That really sucks tho 🙁 I’m thinking about investing a lil money. Hopefully I do as well for myself as I have for others. lol

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    • Hideous fibs

      According to Sykes you could make a million by next month

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      • john

        More like, “I Turned $3,770,000 Into $12,415 Trading Penny Stocks”.

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