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
23,449 Blog Posts

They Tried to Shake You Out Today

Markets played themselves today, gapping higher, then lower, then higher again. This is the sordid brand of churn that kills portfolios — makes people think all is lost. Don’t let the nihilism take hold of you and try to remember that as grim and dire as things seem to be, as the horrible horribles pile up and the losses accumulate, America is becoming great again and jobs are being created on a daily basis. Taxes are being cut, and Fox News ratings…through the roof.

A great Orange Gorilla presides over you, helping you become a better person — richer, better looking, with Jedi-like powers.

I sold out of my RAS position for a 30% win, while losing my balls in MYSZ — thanks to an impromptu secondary offering. Moreover, I made a slew of gains in gold stocks, and held tight with my XIV position — up 6 from my basis.

Listen to me. Nothing has changed but the date on the calendar. Janet “fucker” Yellen is gone, corporate earnings are being guided the fuck up, and rates are still incredibly low.

Calm the fuck down and stop shitting yourselves.

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

5 comments

  1. edge

    Bought more QQQ calls. I’d like more, but it is probably time to quit buying them.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  2. cancel19

    I like your style Dr. Fly!

    • 0
    • 2
    • 0 Deem this to be "Fake News"
  3. cayman4444

    Fly I dont see the “gold gains”. I got buried in NG and silver plays AG and EXK.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  4. lesurgeon

    You ever heard of the Kansas City shuffle?

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