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
23,433 Blog Posts

Summer Time Blues

You’re better off swiggin from a bottle of corona than playing this tape, unless of course you’re buying The Option Addict’s earnings plays. There’s no denying the obtuse nature of this tape, one that is scared of its own shadow (extra Saul Rosenberg).

I started a new position in XNET today, based upon the fact that Chinese stocks seem to be immune to the debauchery that is afflicting everything else. I am also tempted to sell one or two names for losses, as my patience is wearing thin.

TLT is breaking out; stocks are breaking down. The appetite for risk is absent. No one cares. Apathy.

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27 comments

  1. J Livermore

    Whatever happened to full ham retard?

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    • SK

      Seriously, Simple Jack has been locked in retard camp for a while now.

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  2. bonobo snores

    Sticking with IFON and VALE; stopped out of others to raise cash

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  3. juice

    OA is like the pinball wizard

    https://www.youtube.com/watch?v=DthtDjhqVOU

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  4. matt_bear

    you have the time machine, and OA has the printing press.

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  5. youknowitsme

    Nice call on TLT a few days ago. Thanks, but I took my $$$ and ran.

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  6. it is showtime

    Junk in the trunk

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  7. surplusdroids

    Ouch. Where is Mortimer Duke?
    Turn those machines back on!”

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  8. Trent

    Yeah I am getting real tired of eeking out these tiny gains only to wake up to some headline that punches my holdings right in the teeth. In my spare time when the market isn’t putting me to sleep, I am thinking of getting my Series 65. Any of you guys take that? If so, what did you use to study?

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    • Trent

      I test well so I don’t need a full boat of hands on live classroom stuff. Just a comprehensive manual to read out of the old fashioned way.

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    • POS

      +1 nobody is taliking about the losers

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  9. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    Tomorrow we get a tradeable bounce….

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  10. Linda

    Nice music selection.

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  11. Quality Control Inferno
    Quality Control Inferno

    Not even just the earnings plays. OA with awesome calls in pcln and nflx just to name a couple.

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  12. gnat

    OA has a fair number of losers as well as some big winners. I know that because I have somehow bought the losers and none of the winners.

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  13. TraderCaddy

    Futes just took a dump.

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  14. jesus

    the fly is a hog

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  15. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    What the fuck are “airstrikes if needed?” Who decides if they are needed? Obama just says “I authorize ’em” ….but now who is in charge?

    Obamas foreign policy is a diaster.

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    • Raise taxes, lower spending
      Raise taxes, lower spending

      He’s not sending Americans overseas to die.
      That’s a good thing.

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