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
16,726 Blog Posts

The All Important First Week of January is Complete, Here are the Results

Gentlemen,

War, nuclear war, is on the horizon. Our old enemy is new again. Allegedly, the Russians HACKED John Podesta’s email account and revealed a PIZZAGATE conspiracy, which in turn caused great disturbances at Comet Ping Pong pizza and for its high-powered owner, James Alefantis. This, of course, is unacceptable. As such, we must prepare for direct confrontation with the Russian people, in order to preserve ‘peace’ and to protect our ‘constitution.’

It should come as no surprise to any of you out there that the number one performing sector of 2017, thus far, is the nuclear industry. As a nation in turmoil, we are in great need of U3O8. As presently situated, our nuclear weapons arsenal can only eradicate 78% of the Russian population. With a little ingenuity and silicon valley like entrepreneurialism, we can upgrade our cache and remove the scourge of Russians from the planet, once and for all (No Hitler).

Here are 2017’s winners, so far.

Nuclear +18%
Silver +11%
Gold +7%
Biotech +6%
3-d printing +6%
Hospitals +5%
Tankers +5%

Notice a pattern? If not, you’re a fucking idiot.

Those were the losers of 2016. Often times the first couple of weeks see the biggest losers of the prior year rally — due to exaggerated moves because of tax loss selling. In other words, people sold off nukes into the New Year, booked the loss, and have now repurchased said shares in the hopes of catching a wave.

Expect more of the same next week followed by a normalization of markets — as investors position core assets for longer term moves.

I am long $UEC and $URG with overwhelming vigor.

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12 comments

  1. moosh

    Le Fly, check out $SEA. Do you like?

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  2. tradercaddy

    But they have to be careful in order to avoid the wash rule re: the loss taken earlier.
    Or they can trade it again and again and keep adding the loss to their basis and hopefully come out ahead in the end.

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    • moosh

      Tradercaddy, do you think we are at the stage where even a few % of investors even know the wash rules? Honest question. Trying to gauge the next flush.

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      • tradercaddy

        If one qualifies as a trader under IRS rules mark to market would apply and the wash rules wouldn’t apply.
        However, for the average trader or investor they would apply and one has to be careful. The loss can’t be taken but can be added to the basis of the next purchase so it really isn’t lost but can create a Dec. To Jan. new tax year problem. I don’t think the average trader (amateur) understands this although the 1099B should make wash adjustments.

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        • moosh

          Thanks homie. Retail has/is entering the market and it seams they love thr stocks.

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  3. soupbone

    Alefantis must have the goods on the lot of them.

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  4. mad marsupial

    We don’t need UEC to take down Russia. All we need is the right Twitter account. I had to check, Vlad does have a Twitter account. Maybe all we need is Shkrelli to troll him and the whole country will crash. GXU.v has been picking up since early Dec too.

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  5. diocletian

    Who is the pipe smoking guy in the picture? Driving me nuts trying to place that face.

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