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
16,836 Blog Posts

Getting Smoked the Fuck Out In “Moderated Risk” Cigarettes

Markets are thin today, not doing much, thanks to Columbus Day. I suppose all of the flat earthers around the globe are taking the day off to contemplate how it all went wrong. Meanwhile, the piece of shit stock that I bought for myself, XXII, “moderated risk” cigarettes, are getting smoked the fuck out like a homeless man under an overpass.

They announced a stock offering, so the stock traded down as a result.

There’s a parable tucked away somewhere. Here I am, trying to profit from a cigarette stock, now getting clubbed out and knifed away in an open setting — on a holiday to boot. Where is the dignity in all of that?

I could buy more and make a go at it, but I get the sense that throwing good money after bad might not be the clever thing to do. I need to think about it a little more.

Ironically, the best performing sector today is tobacco. This is God’s way of “moderating” my ego, taking me down a notch in order so that I can learn the ways of the third estate.

Healthcare stocks are very weak too. Not sure what’s going on there — but I’m gonna have to check it out.

Here’s what I found on healthcare so far — Trump related.

Canaccord notes that in light of WSJ reports that President Trump intends to roll back certain health insurance regulations concerning short-term medical insurance, which should have a direct benefit to Tampa-based Health Insurance Innovations (HIIQ), firm feels, “This should be positive for HIIQ: Even though 2Q’17 was still a strong quarter, we believe results would have been even better (specifically at Agile) if the Obama policy did not go into effect; thus, we believe the reversal of the three-month limitation rule will be positive for growth at Agile in addition to providing a greater sense of legitimacy for STM insurance, especially in light of the recent negative sentiment generated by the various short reports. Furthermore, we would point out that a main driver of the stock’s performance since Trump won the election was the potential for him to de-regulate the insurance industry and reverse the three-month limitation; thus, it is encouraging to see this play out.”

Courtesy of one of iBC’s loyal readers, the cover for my book/story is ready. Have a look.

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10 comments

  1. halfbloodpope

    $PATK 100 dollar roll?

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  2. sarcrilege

    Tobacco sector up, healthcare sector down. Rational.

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  3. john_galt

    With such “awesome” calls, Gartman has now competition

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  4. matt_bear

    Mazor is representing healthcare sector ok.

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  5. ultramarine

    Great cover, Dr. Fly. It has a very Ralph Steadman-vibe to it.

    Oh, it should be “weak”, not “week”. A game, good Sir…

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  6. kugar

    Is the car made of dynamite or dynamite sticks?

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  7. cancel19

    Cool cover! It reminds me of the artwork on the Pink Floyd album The Wall.

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