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
16,986 Blog Posts

Dow 24,000 Here We Come

Another day passes by and new fresh record highs. About last year this time, I fought the rally like a mother fucker. I figured an Orange Gorilla in the White House who’d be able to get nothing done would be bad for stocks. Little did I know that Wall Street loves Orange Gorillas, especially because they can do nothing.

That’s right. The Trump administration is all about bark, zero bite. He’s like your elderly grandmother at night, menacing to bite you without her dentures. While it might be scary, it’s entirely harmless and you just need to learn how to laugh more.

I’ve been laughing with savage qualities for the past 6 months, much to the merriment of my brokerage account. I’ve taken a two pronged approach to the market — one systematically and the other discretionary.

Today’s rally is centered in banks, materials, tech and retail. The latter is the riskiest play, but offers the most upside. Once again, who’s buying M into the holiday season?

In about an hour and a half, I will be updating my quant account. Unfortunately, I got caught with a little CELG in it. Alas, those are the breaks sometimes. In my balls on the table chopping carrots rapidly account, I had a solid week long EDIT, COHR, HIIQ and YELP. My biggest loser is the one I like the most, HMNY, off 18% of the week.

I get it. There are so many reasons to hate Moviepass. But it’s going to work. Those fuckers are going to push the ram against the wall and force AMC to bend the knee. It will be a joy to watch as a shareholder. The way I see it, the stock is either a 10 bagger or a zero.

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6 comments

  1. duuude

    ROKU

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  2. lapens

    BTC

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    • sarcrilege

      As Zimbabwe is just about to receive another financial bullet straight between its eyes, BTC goes to $6K as locals there panic.

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  3. sarcrilege

    Quick, quick, can anybody pull up a chart of IBVC so we can see how Dow measures up? Maybe thoze pictures could help us understand….
    https://tinyurl.com/yd4fcyu4

    /imbeciles are advised to click historical/

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  4. ferd

    What’s a DOW?

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  5. bushwacker2

    “the stock is either a 10 bagger or a zero.” Definitely a discretionary pick.

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