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

AND NOW WE’RE PUNCHING FACES OFF WITH GRAPEDFRUITS

Beware of the diabolical double dip. Just when you think it’s safe to cross the road, like in the roadrunner cartoons, you get ran over by a locomotive.

Barring that, we have ourselves a classic capitulation rally. All of the weak hands were flushed out this morning and now we’re ripping tits.

Mind you, I am long over 40 stocks and was down 2.9% at the session lows. As of right now, I am happy to report that I am up, motherfuckers.

This is what happens when you exhibit a modicum of patience and dignity whilst trading.

Oh, a special shout out to the players inside of The PPT, who bought TNA on its 2nd lowest score since we created the damned thing in 2008. That trade looks to be a winner now.

Up we go.

 

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13 comments

  1. J Livermore

    You are no longer lamenting your prior decision. Glad to see you back in fighting spirits.

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  2. mackypinky

    AMERICA…. FUCK YEA!!

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  3. Murph

    Hell yeah! Oil and gas sector getting a bid too, shine on you crazy diamond.

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  4. Ray Rice

    Is it too late for me join the punching festivities?

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  5. Danny1980

    Too funny should have expected this

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  6. Dazedflip

    Nice buy on YELP, Fly.

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  7. bwana

    TNA is my bitch right now. Thanks for brining it to our attention in the PPT.

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  8. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    I am happy to report that I recouped this mornings severe losses in the eminis and crude futures. However, the damage done by EWZ over the last week is not so easily undone.

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  9. #BTFD

    I’d love to see spoos “punch” through the overnight high and start knocking some stops out on these shorts. Then, its got to be off to the races.

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  10. sethster

    That there was a chance to get out and get short. There may be one more huge rally tomorrow with the employment report. If that happens, it will be the ultimate shorting opportunity of all time.

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    • Zuul

      What makes you think that this market will be allowed to go lower in any meaningful way for the foreseeable future?

      Everybody loves success stories, but nobody loves them more than the govt, particularly this administration.

      Short post midterms if republicans take the senate.

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    • J Livermore

      Go for it. Let us know how that works out for ya.

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  11. smartestone

    go ‘murica yeah

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