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
16,502 Blog Posts

Moron is in the Air

It’s happening again. I don’t know how this Martin Shkreli keeps infecting my life with his brand of asshole; but I seem my be getting annoyed by him far too often.

Recall it was this little asshole who started the biotech rout a few month’s ago, after jacking prices higher for some little known aids drugs. Politicians went apeshit and he admitted to having been short the whole time, netting $15 million in profits from bets against biotechs. Those were his words, not mines.

Now, he’s back in my life in the form of a crazed greedy goblin, in cahoots with friends to manifest the biggest short squeeze the world has ever known. Bear in mind, I love short squeezes. It’s just that, KBIO is a pile of shit, a shell company with a failed drug. And, to boot, because of this epic run from $0.25 to $42 in less than a week, every Tom, Dick, and Harry are speculating over “the next KBIO.”

I guarantee this ends badly, for all parties.

This unchecked speculation into micro-cap biotech is only going to tarnish an already damaged biotech sector. I am here, trying diligently, to manage money into National Festival. I’d like it, very much, if I could do so without the distraction of Russian warplanes being shot down by NATO countries or river boat gambling in the biotech sector.

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6 comments

  1. matt_bear

    That Volkswagen squeeze is still tops.

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  2. jpmorgains

    Remember DQ when it went from .70 to 57

    Good-motherfucking-times.

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  3. J Adabese (your pen pal)
    J Adabese (your pen pal)

    You are asking for a rational world.

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  4. snaketron

    this guy is the keyser soze of the market. trolling everyone. kinda a beast if you ask me. but you didnt. ill let myself out

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  5. t.c.

    This dude has really made a name for himself.

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  6. blahblahblah

    same with the reverse split squeeze in AEZS. going back to 4 eventually. your ricer trade ANFI has been perky lately…

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