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
23,429 Blog Posts

TECH STOCKS GET FUCKING WRECKED

I am happy to report that technology stocks are getting utterly destroyed today.

At this point, what difference does it really make? The asset classes are now subordinated to bitcoins and the crypto paranoid run higher. We might as well sit back and fade NVDA and MU, while pair trading into BTC/LTC — positioning for the great big sloppy turnover — placing King Crypto in his throne dominant over the cucks from Goldman Sachs.

Or, none of that happens and everything collapses.

If you enjoy the content at iBankCoin, please follow us on Twitter

19 comments

  1. tonka

    I don’t think we actually sector rotate anymore. Last time this happened was so everyone could pile into oil back in June. That lasted about 3 days.

    Now banks? Pffft

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. J Adabese (your pen pal)
    J Adabese (your pen pal)

    Le Fly, I need your sage advice.

    I just asked a female in our office if her “sandwich was tuna?” and she gave me a look like she was some type of puritan off the Mayflower. She almost immediately started walking very briskly toward the HR Dept door. I ran into my office and closed the door. You were the first one I thought to reach out to for some advice. What should I do?

    • 1
    • 0
    • 0 Deem this to be "Fake News"
    • dmfracer

      Maybe ask her if it was sausage?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • J Adabese (your pen pal)
        J Adabese (your pen pal)

        Capital Idea !! I’ll go back to the cafeteria and ask. Thank you !!

        • 1
        • 0
        • 0 Deem this to be "Fake News"
    • wolfdaddy

      Walk into her office slam the door and explain that you were talking about her pussy, just to be clear. Then grab it. Once fired, use your 401k and credit cards to open a bitcoin wallet and start trading- after coin desk comes back up.

      • 1
      • 0
      • 0 Deem this to be "Fake News"
    • NotGekko

      Ask her if you can stuff your beef into her taco. That always fixes things.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • J Adabese (your pen pal)
        J Adabese (your pen pal)

        Yes, what woman has a problem with beef in their burritos?

        • 0
        • 0
        • 0 Deem this to be "Fake News"
    • numbersgame

      Also, Fly, this girl at school made a funny face at me. Do you think she likes me?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • sarcrilege

      From tech stocks to beef injected tacos. Classy. Not off topic at all.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • bob smith

      Ask her if “looks like a taco, smells like fish and tastes like chicken” resonates with her. If so, as her for her number.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  3. numbersgame

    It seems the grown-ups may be taking over again.
    NFLX earns ~$1/share and is trading near $200. Down 6% today.
    BBBy earns ~$4/share and is trading near $20. Up 12% over 2 days.

    The Millenials are going to learn a hard lesson about good company vs good stock.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. J Adabese (your pen pal)
    J Adabese (your pen pal)

    What is bigger news, $GBTC plunge today or Mr. Sanctimonious Matt Lauer being fired?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • john_galt

      none of the above but rather the tuna stuffed sandwiched’s girl

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • numbersgame

      You know it’s likely that Matt will probably be paid millions in early termination money just like Bill OReilly.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  5. roundwego

    Dot com bust 2.0 is gonna be way worst than 1.0.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. bob smith

    Is it just me? Or, is that dude in the video (“Jay”) really Mike Tyson?

    • 0
    • 0
    • 0 Deem this to be "Fake News"