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
18,232 Blog Posts

FORKED OUT OF $DUST — ROLLED INTO $VALE

This would be my third consecutive winning trade following the $SOXS scandal. Although a small win, a humble family man, such as myself, takes wins where he can. With the proceeds, I bought the iron/steel stock with the highest Sharpe and dared Mother Market to do something about it.

The stock never goes down, ever. So if I lose on this trade here, and this goes without saying, I am truly cursed.

I do have a healthy cash position at the moment, eagerly waiting for me skillsets to kick in — the natural instincts that guided me over the years. Life is similar to trading, in that it’s filled with peaks and valleys. The trick is to limit your exposure when you suck and go all in when you’re on fire.

Top picks: IQ, VALE, BZUN, TZOO

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7 comments

  1. jonnybegood2

    took profits in my NeoCon War Pig stocks last week, BA, RTN, LMT, KTOS. Still riding energy. Looking to re-up on my ‘russian hypersonic threat’ stocks on the next dip. perhaps some KTOS today.

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  2. wolfdaddy

    I see the tide turning for you. Your going to kill it for the remainder of the year. Before you know it, 100% crypto proxy’s will be back and all will be back to normal

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  3. numbersgame

    Raking it in on MU.

    I’ve been bullish on this blog for months, even at the bottom (http://ibankcoin.com/flyblog/2018/04/02/exodus-quant-strategy-q1-crushed-market-now-time-die/#comment-548259), so hopefully some of you bought some. It’s probably good for another 5%, when it will still be a good value, but will likely hit strong price resistance near $59.

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    • ferd

      Seen that. And I think “old man Fly” was talking up chicom entertainment …TCEHY making a nice move today.

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      • numbersgame

        Must have missed that. Looking at the chart, it looks like today’s move mainly picked up yesterday’s massive drop.

        The numbers look good on this one, but can the numbers be trusted? I don’t know. I’d be more comfortable buying OTM calls on Chinese companies rather than the stock itself. That way, if the numbers are real (and continue) you’ll get paid, but you don’t have exposure to a stock crash – that triple top in the charts looks foreboding. Of course, options aren’t trading on this one so I’m sitting it out.

        For longs, I’d recommend hedging this one against some other Chinese stocks.

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    • jbandy

      Nice call! MU has its fair share of haters/detractors for some reason but its a great trading vehicle.

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      • numbersgame

        High money-volume stocks are priced more on price levels and trends than actaul value. So a good trader can make money.

        This also means that these stocks can get quite mispriced. There are many overpriced stocks (NFLX + AMZN) with the same effects, but valuation in the other direction, which is much more common in bull markets, making MU an even rarer anomaly.

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