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

YOU’D BE WISE TO KNOW THERE ARE 326 NASDAQS OF UPSIDE TO THIS RALLY

The rally has just begun. Short sellers, globally, should commiserate around the idea that they pressed the envelope one too many times.

A keen ability to forsee the decline will now be neutralized by pride to hold you in losing positions. BEHOLD as the NASDAQ mixing up a toxic brew of seasonality, coupled with an easy monetary policy, all thanks and praise to the fact that jobs, for lack of a better word, are becoming scarcer.

I was up 1.75% for the day and ended this monday will a chest filled with courage, a testicular fortitude that has afforded me various degrees of winship over the past 2 decades of investing.

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16 comments

  1. prometheus

    Dr. Fly, what is you YTD gain currently?

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  2. rigged game

    Technical rally. Sharp stright up violent rally, usually 2 days, then bear market resumes.

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  3. ebtda

    long and strong!!

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  4. joyous__ending

    If it did not go up today…..dump it

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  5. it is showtime

    Good for nasbubble. Go back up 300
    where it was obviously a problem/
    problematic/a situation
    naskaboom

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  6. sloop

    LOL!! Today was like PISSING IN THE WIND!! Tell your prick to calm down. Its not a real girl is just a porno flick. Down we go!!

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  7. zuul1

    I am looking for a less volatile way to participate in the remaining upside. Think I’ll wait for a pullback and do SSO or UPRO.

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  8. gapfiller

    Serious questions for Sir Fly —

    1. You mean 326 from here or from a given earlier point?

    2. You serious about 326, exactly, or just saying generally that shortsellers and other unAmerican heathens will rue the day they sold short equities?

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    • Steve

      Does he lose credibility if it goes up 325?

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      • gapfiller

        Definitely not, Steve. Was just curious as to whether it was a precisely-selected target.

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  9. Dr. Fly

    last week I said 399 points. After today, 326, or 10% up for month of October.

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