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
23,431 Blog Posts

This is a China Rally

Ironically, it’s occurring while their idiotic exchanges are closed for holiday.

What you need to know about this reflex rally is simple.

It does not mean everything is awesome. We are reverting back to the mean. Nothing goes up or down in a straight line. Again, please reference Feb of 2008.

All of the Chinese related stuff, metals, oils, chicoms, are the shit. Own BIDU and lavish yourselves in the splendour of dog-eating greatness.

This will be a great October, in my estimation.

For this rally, you will want to be long oils, chicoms, chemicals and metals. Biotechs aren’t pressing higher because they have nothing to do with this story.

Top picks: SLCA, BIDU, SHAK

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4 comments

  1. sloop

    I cant keep up with all your blogs

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    • blahblahblah

      just follow this mantra: it’s a bear. it’s a bull. it’s a bear. it’s a bull. rinse and repeat.

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  2. Dr. Fly

    iBC is a high octane engine. Most of you will not be able to keep up

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  3. joyous__ending

    Your picture selection for blogs is simply sagacious

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