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
20,864 Blog Posts

Don’t You Dare Buy This Dip

We’re not done going lower. The energy complex is being torn to shreds, with exception to some larger cap names. Post sales, my largest trading positions are CLR and CYBR. There is too much distribution taking place and I have a mind that transcends the space-time continuum. It’s important that you come here daily, for your dose of reality, and sage investment advice.

Over the course of your miserable and apathetic careers, you’ve bounced around from one investment blunder to the next. Let me remind you that in order to avoid falling into murderholes, one must not walk in the mine fields.

Think about that.

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54 comments

  1. The Zombie

    The Fly is God.

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  2. BlueStar: Contrarian Investor
    BlueStar: Contrarian Investor

    Beware the Blood Moon and eclipse tomorrow. Stock Gods are extracting their revenge.

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  3. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    Are you really going to sit out this two week bull run into earnings?

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  4. N3GR0D4MU$

    The blood moon signals the end is near, the fly must die

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  5. toast

    Short into any strength. We just witnessed a generational top.

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  6. Gnat

    If this drop in energy prices has legs, spending will rotate into consumer goods. I will have to think about consequences but clearly retail and consumer discretionary to benefit.

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  7. The Next New Cat Thing
    The Next New Cat Thing

    Waiting for a VIX north of 20 with an Oversold in PPT.

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  8. Cascadian

    Small cap US companies will be doing the best. But their share prices are depressed now. So, what to do? what to do?

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  9. Zuul

    Ridiculous nonsense.

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  10. Trent

    Biggest long positions: MU, CRTO, FEYE, Charles Tyrwhitt Dress Shirts, and mass quantities of 0 calorie energy drinks.

    Short Positions: APPL, Chinese Stocks, Ebola filled syringes masked as flu shots.

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  11. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    The low is in, feel free to buy with both hands.

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  12. BRAVEFLAPS

    Some banning might improve your mood, sir.

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  13. Contrarian

    We’ve known that the economy is slow and not doing well, but this tranny from the IMF comes out and says it, and everyone loses their minds.

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  14. levrage

    STFB

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  15. ironbird

    We bottom when the bloated pigs finally crack. $AAPL $FB $DIS etc.

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  16. fryguy

    divergence between OIH and USO says get long oil

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  17. Billy Cutting

    I’m sorry, but I couldn’t resist..with commodities acting the way they have been, I added to my WFM long..especially with this nonsense mini tender news

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    • Bruce Keller

      That multi-year trend break and rejection on the SPY was quite silly too indeed.

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      • Billy Cutting

        lol. we shall see..small position, mostly short otherwise

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      • jules

        What rejection are you talking about?

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        • Zuul

          There was no rejection in ES and there was no rejection in SPY. We are still inside.

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          • jules

            ya that’s what I’m seeing. Don’t know what that guy is talking about

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          • Bruce Keller

            I was literally about to copy and paste it,but honest I don’t care about you guys anymore after all the shit I’ve taken from trying to warn you.

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          • Billy Cutting

            yep, cuz you’re the only one who has been warning ppl for the last 2+ years. You’re such a stud Bruce

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          • Bruce Keller

            Iv’e been bullish or bearish when it counts. My mistake was not following my own instincts.

            You will lose all your money the coming weeks. We will go up in a month or two, before it’s all over.

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  18. DaLuke

    BOOM! RBCN suckas… I’ll take 16% intra day anytime. See ya ’round the coffee pot, bitches.

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    • Bruce Keller

      Good sell!The big money on 9/18 had a better sell though.

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      • DaLuke

        True…I just picked it up this morning though. I’m holding on to a few thousand shares as I fell like it’s still to low.

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  19. Murph

    Lighten up Francis…

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  20. Bdubz

    Amazing how everyone thought the world was ending at S&P 1200… now lets buy the shit out of 1950 a couple years later. Remember the larger picture. A correction to 1500 over the next couple years would be perfectly normal. I believe it will be a traders market going forward. Sector rotation. The easy money is gone.

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    • Bruce Keller

      You are correct. it could go as low as 1400. I love these times because times of excess are purely assholes trumping false wares, while bearish times offer true pricing.

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  21. Bruce Keller

    Oh shit, this is turning into a bearish wedge. Wish I had more cash for puts.

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  22. the pirate

    A fellow Cap’n once said this about the stock market:

    https://www.youtube.com/watch?v=MVL4wKnpx2U

    Arghhhh!

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  23. smurfs

    nice advice fly

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  24. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    Time to eat your peas!

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  25. test

    Buy now???

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  26. bipolar schizoid man
    bipolar schizoid man

    going to feel like the 1900’s tomorrow at some point after all the margarine calls. most thought they had butter am sure.
    NOW short with D long, can’t touch this.

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  27. Neuropathy Miracle Program

    Hi there colleagues, pleasant article and nice urging commented
    at this place, I am in fact enjoying by these.

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