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
23,417 Blog Posts

Sold Out of My WWIII Hedge — Took Yet Another L

I woke up to the SEC fucking with a stock I just bought yesterday and now I’m conceding victory to the Russians — selling out from my RUSS position. Moreover, I sold my FRANKENFOOD disaster, RKDA, which is also sharply lower. This is a day of infamous happenings for me, marked by bad luck and bad trading.

The proceeds are in cash and deserve to rest there for a while, since I obviously have no idea what I’m doing here.

Today’s gains are industrial: steel, iron, copper, oil, trucks, services. It has a macro feel to it, suggestive of an American economy about to take off. Alas, it’s just one stinking day and I will not get lassoed into its web.

The weakest of all the sectors is tech. Are we finally going to rotate out of tech and into something else?

What the fuck do I know? I haven’t the slightest clue what I’m doing right now.

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

15 comments

  1. tonka

    Never short the worlds cheapest country.

    At least Uranium is working.

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

      Russia has a winning strategy. Putin, hoarding gold, de-dollarizing, silk road, their alternative to SWIFT, and oil. It’s the equivalent of alpha-MGTOW.

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

        I’m not concerned with the why.

        At some point it’s just a distressed asset and you just ask yourself what is the probability it goes to zero? Rarely happens, but both China and Russia have gone to zero.

        It probably wont go to zero, so I just plug my nose and buy.

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

        What did you expect….? He’s Jewish of course. Hide your children….He’s probably celebrating Israel’s independence day with his soon to be triumph over the Nazi Goyim like yourself.

        I’m SURE you’ll find a tinyurl link for that.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  2. acehood

    Put it all on yndx and retire.

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

    Bitcoin Cash and Weed

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

    $AMZN is God.

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

      Maybe, but remember it’s not a good idea to blindly follow God and give up free-will an original thinking.

      The other parallel is that $AMZN will pay dividends only as long as people like you believe that. I’m sure you, like most other stockholders, would be willing to sell $AMZ at $10,000/share, but never $100/share. So there is some part of you that understands that the value is between those numbers. However, by not having any idea or plan of what that actual value is, you are just setting yourself up for others (ie, Wall Street sharks) to do that for you. Good Luck.

      https://ibankcoin.com/flyblog/2018/04/03/market-smokes-higher-fake-news-report-amazon/

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

        Long Amazon, short an equal weighted basket of every stock with a higher market cap (GOOG, MSFT, AAPL)

        Hold until Amazon is the largest company on the planet.

        Lock of the century.

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

          I find that the rapid growth of AMZN AWS (and it’s brand-buildign but low/no proft retail) iis only outpaced by the growth of its stock price.

          So I disagree with your theory, but like the strategy used to implement it.

          Also, in a wrold where knowledge is power:
          FB is obvious,
          GOOG has everything you searched for, everyoey email you wrote in the last 10 years, *pls* I’d estiamte that 50-70% of websites use Google analytics ot taga manager: does google get that info?
          AAPL: you have an iPhone? ‘nough said. (Or do you have a *Google* android phone?
          MSFT: do you use windows?

          You also realize that thes 4 horsmen make 4 times the net income of Amazon, right? and that both GOOG and MSFT are AMZN cloud-computing compettitors?

          There’s a reason that those stocks are so big. XOM, WMT, and other non-tech giants seem like better hedges for the long term, although there lower beta will make them less effective at limiting losses in a market downturn

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

          I don’t really care much about AMZN numbers next week (I doubt they will surprise in either direction), but will keep an eye on the reaction to see if people are still true believers or not.

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

    BTW Assad sympathizers and Hitler acolytes..

    https://www.thedailybeast.com/belgian-firms-sent-96-tons-of-sarin-precursor-to-syria-prosecutor?ref=home

    Got Sarin?

    • 1
    • 0
    • 0 Deem this to be "Fake News"
    • bob smith

      We are likely the sole provider of Sarin to the rebels for their false flags. So yes, the rebels “got Sarin” thanks to the USA.

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

        Do you get a boner every time you type False Flag? Sweet Jesus.

        • 1
        • 0
        • 0 Deem this to be "Fake News"
  6. stocksnblondes

    Told try the George Costanza method and do the opposite of your trading instinct.

    https://youtu.be/cKUvKE3bQlY

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