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
23,445 Blog Posts

I UPPED MY EXPOSURE TO 160% LONG

I feel like I’m eating until an eventual stomach explosion — sheer gluttony on a grotesque scale. Truth be told, I really don’t give a fuck. I drive in a car without brakes, having to crash into things in order to slow it down. So pardon my impertinence as I disclose the fact that I added to my $CLF position to 30% of my assets — upping net exposure to this runaway train to 160%.

Say what you want about last year’s missed opportunities, I nailed the collapse of Jan-March like no one else and had only misjudged the market’s reaction to a Trump win, which I thought would hurt stocks. And no one called the plunge in yields and subsequent rally in bonds like I did.

Well, well, well, here we are now and I’m driving fucking rail spikes through your head — crushing the market with animalistic violence.

In short, I bought more $CLF.

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5 comments

  1. goose20

    Go Fly!!

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  2. og

    Fly going HAM.

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  3. john_galt

    Hahaha, I am going to enjoy watching you crash and burn. When you’re all done losing coins, and after your wife, kids and, even the dog have left you, you can award to yourself the “Asshat of the Year”.

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  4. traderconfessions

    Reminds me of the old Fly, recklessly chasing stocks into oblivion. But always makes for interesting reading, so give ’em hell. Even a doomsayer deserves to have fun.

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  5. anjingbauwau

    sort of like Freddie in Blandings driving into the tree…..

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