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
23,449 Blog Posts

In FANG We Bust

Eight million gas build caused WTI to give up a 4% rally, which caused stocks to sell off…again.

This morning ITG issued a note of caution on NFLX, citing softness in the domestic market. Now the whole FANG complex is falling to pieces. Hedge fund managers are jumping out from windows, onto giant trampolines, then shooting themselves in the head, mid-air, while wearing bullet proof head gear.

The whole situation is a mess and very emotional.

As a group (brace yourselves), FANG is lower by 2% today and 6% for the year, aka 8 trading days.

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7 comments

  1. natehois

    I like FB through Jan 27 then no more.

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  2. tradingnymph

    OK this Bear is giving you lame Bulls some hope. The Only thing that can hurt me is Central Bankers, Mario D is speaking tomorrow ahead of the monthly ECB Meeting. IMHO ECB and BoJ at their meetings this month are your only hope. Last month both of them held back.

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  3. edgar

    FB = pets.com

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  4. mikeaboca

    Fly hope you took your own advice.

    Thanks to you I have 2 positions, TLT and SPXU since 12/23 sold all my bio’s

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  5. alty

    Looks like bears took control of the dick guillotine and are taking no prisoners

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