It’s all coming to a head soon. I’ve seen this pattern a thousand times and it always ends the same: relentless selling. I know it’s not what you were hoping to read and your 4 figure accounts might suffer as a result. But there is an active campaign taking place to break investor confidence and it won’t take much to flush out the weak hands.
We’re already seeing it in WDAY, SPLK, TWTR, YELP, DATA and FEYE, just to name a few. The very best stocks are now the very worst. How did that happen?
Very easily.
All of the marketing lured retail and independent traders into those names. For the most part, they have weak hands and can’t afford to hold during periods of decline. They’re unable to see it through, suffer the pangs of misery, enduring the blade of agony twisting inside of their stomach, all the while stocks like XOM and X hit new highs. The divergence between the haves and have nots is always unappetizing and sickening, frankly. It is human nature to believe in hope and creativity, to believe that we are, in some way, unique and that our ideas mean something.
Sadly, more often than not, we are nothing more than cogs in a grotesquely large wheel, subjected to whims and the caprices of others.
For example: you might like XYZ here, due to its chart or valuation. But what if XYZ’s largest shareholder is having a bad go at it and decided to liquidate? You will fall victim to horrendous losses, all unexplained, lost in the story book of Wall Street, a book that is often recalled by memory and rarely documented for future generations.
According to the people on my television, the entire market is ruled by Candy Crush, ticker symbol KING. Because of all of the “froth” in the IPO market, all momentum names, who’ve been knocking the cover off the earnings ball, should be sold.
Sold to whom is the question you might want to ask yourself.
If you enjoy the content at iBankCoin, please follow us on Twitter
All I can say is at least volume seems to be drying up. Maybe close to being sold out..
1880 today
The selling is indeed unrelentless!
lol. Boy am I fried. Thanks
Given the current pressures thanks for taking with the good humor it was intended. I could’ve put a smiley after it, but I was afraid you’d ban me for that.
“Sold to whom is the question you might want to ask yourself.”
Collusion
the good thing about a 4 figure account is you cannot suffer gargantuan losses.
true.
Sometimes I wish I had a 4 fig account. Then my wife smacks me in the face and asks me for my debit card.
Stop catching knives, Fly. Either puke here or buy more at the 200 day EMAs, which are approaching rapidly on your names. RSIs don’t stay below 20 forever on daily charts.
And like an ass I usually ride these momos all the way back down.
Cover your DXX and buy some VXX.
Weed seems to work during broad market pullbacks.
Did the frgging red bears just leave the logo??
Throw a few ‘green shoots” on that logo. I hate that fucking phrase. But a few Crocus popping up through the snow would be a blessing
That’s it, fetch me my walker! GE GM F TD < 1% green amidst all these shenanigans.
North Korea: Men required to get Kim Jong-un haircuts. “Our leader’s haircut is very particular, if you will,” one source tells Radio Free Asia. “It doesn’t always go with everyone since everyone has different face and head shapes.”
I see no reason to be in the market here at all, rather miss potential gains than have my back exposed… sitting tight and waiting
Sold out of CRTO…company is a black box.
When does the inevitable full-on market breakdown get started today
There she blows!
I’m about to capitulate. Does it mean it’s time to buy?
That would be premature capitulation. There is help for that.
.
I’m reminded of a wise saying I heard recently …
“The other side of the mountain is always hard, especially when you are skidding down it without pants.”
.
bot a car last week that could go the speed of light, had to sell it thou, i could not drive it at night.
DOWN GOES FRAZIER!