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
18,723 Blog Posts

TAKING OFF HEDGES, RUNNING NAKED INTO THE STORM NOW

I booked a 19% gain in LABD and +7% in SOXS, both higher by more than 8% for the day. Those gains helped offset some of the other FUCKERY taking place in my brilliant bio-ag plays. I think this sell off is both fake and gay and truly believe, down to the deepest depths of my black heart, we’ll be back to skinning bears alive tomorrow.

It’s worth noting, the proceeds have gone to cash — since I have no interest in adding beta to a portfolio that is already a wild-animal-beast. Over in my cordially managed quant account, I cannot buy anything with my cash reserves until we get a systemwide oversold signal.

We’re not there yet.

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17 comments

  1. numbersgame

    The Machines are probing our defenses:
    https://finance.yahoo.com/news/self-driving-uber-kills-arizona-171055918.html

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  2. it is showtime

    Told you the Vix-Fix-Ers were doin somethin different this time

    really? a 15+ vix for over a month? always a rush to get that thing under 12? fuck u morons you keep

    Missing The Obvious

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  3. infinitezuul

    If the stocked market swan dives lower tomorrow prior to 1130 Easterned Time, I shall attempt to get long of it by any means necessary for a quick trade.

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  4. gappingandyapping
    gappingandyapping

    Why is this Facebook data for elections bad now when it was good when 0bama was in office? http://www.nytimes.com/2013/06/23/magazine/the-obama-campaigns-digital-masterminds-cash-in.html

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    • numbersgame

      There is no difference.

      There have been several studies that show that people make decisions *before* they decided why they made that decision. The stock market is the same way.

      Stocks rise: “Sell high” or “Let your winner run”?
      Stocks fall: “Buy low” or :”Cut your losses”?
      Inflation: buy stocks becuase sales go up or sell because costs go up?
      Good jobs number: sell stocks because FED will raise interest rates or buy stocks because economy is good?
      FED raises interest: sign that the economy is doing well so buy stocks, or are bonds now a better value so sell stocks?

      In other words, for investors the news itself is often less important than the reaction to it.

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  5. gappingandyapping
    gappingandyapping

    And again 0bama using Facebook data to get elected https://www.theguardian.com/world/2012/feb/17/obama-digital-data-machine-facebook-election

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    • WrongView

      MUH…0bama.

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    • fryguy15

      0bama was probably the greatest man to walk the Earth, god-like, the pure essence of righteousness.

      The brute Trump is a pig fucking racist, womanizer, and scum. Basically the village idiot that conned his way to the top.

      Please don’t compare the two.

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      • WrongView

        umm…you just did.

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      • numbersgame

        Trump spent 50 years building up his name and brand to the point people would pay him millions to put his name on a building. It took him just 5 years to destroy that to the point where people are paying to get his name removed.

        Once Obama gets his streaming show, Trump is going to be so jealous, he’ll probably attack NK or Iran just for attention, becuase that is how immature and egotistic he is.

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        • WrongView

          “People” would pay him millions to invest in his projects as a way to launder their overseas money, you mean.

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