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
17,084 Blog Posts

Getting Beat Like a Dog in a Runaway Bull Market

FLASH: Profits from the sale of “The Fly’s” book will be put towards the Orbital Space Cannon (OSC) project, designed for offensive purposes only.
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I’d like nothing more than to discuss my intellectual superiority over you, the juxtaposition of an untrained animal against the highly cultured and meaningful intellectual of “The Fly.” Sadly, I cannot do that on this very day.

I’ve been miserably dispatched in several stocks today, amidst the red cannon fire of a roaring bull market.

I was fleeeced for more than 6% in HIIQ today, thanks to President Trump and his weak strategy to kill Obamacare. I was up more than 10% on this trade yesterday and have given it all back, and more, since yesterday. My paper losses are grievous and well deserved.

In my quest to finance cigarettes of a ‘modified risk’ varietal, I’ve had my face seared by two dozen real ones. And here I am now, fanciful and wise, yet smoked out in XXII hoping for a lesser form of cancer to save me from what looks like another bad trade.

All of my gains in YELP have been washed away and now I’m slightly down. This is one of the 4 horsemen of certain death, a member of an infamous set of stocks that cracked me asunder in the winter of 2014 — sending me to an early shower and nearly to my grave.

Almost all of my gains in EDIT are now gone, after running up strong from my initial purchase. In all of my infinite wisdom, I let one in the hand escape me because I was much more interested in two in the bush.

My other stocks are up and my quant investments continue to provide me with a steady source of cash flow and performance. But before I am able to stand here, thundering over you because of my prowess, I first must establish the arc — demonstrating that I too am fallible and could, in fact, lose GOBS of money in an otherwise aesthetically pleasing market.

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14 comments

  1. sarcrilege

    Markets are rigged and unless one is their rigger he will be rigged off his money; sooner rather than later.

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  2. fryguy15

    Nice apophasis with the first paragraph!

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  3. thegametheorist

    XIV I sold too soon! Idk why I don’t just hold it forever.

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  4. wolfdaddy

    Speaking of piece of shit stocks, what are your thoughts re HMNY? I am waiting for the dilution which is sure to come and thinking jumping in then. With their story, low market cap and float, I think this could keep running.

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    • numbersgame

      Are you serious? It’s a lottory ticket. Either bankrupt or big bucks, no in between

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  5. momsen92

    Sucks. Down 1.4% on PSQ
    Fed pushing on that joystick

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  6. fixurrss feed

    dude YELP is your Barnes and Noble of 2017. ditch that mafi piece of shit company. Use your experience from the dotcom bubble to ride the bitcoin rocket ship and jump off right before it explodes. You are just one of the crusty old guys you wrote about in your ebook.

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  7. john_galt

    maybe you should stop trading like a dick, or at all, and stick to writing funny stories?

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  8. ironturd

    Optimizing your lifestyle for blogging, Trump campaigning, political freestyling, and alt-whatever clickbait content production with a long term narrative is not conducive to seeing the market as it is actually behaving. You’ve missed out on a shit ton of runners in a runaway bull market in order to serve your “base” on this website. Keep on sashaying as you are and it’ll be like this for another 2 years.

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