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
23,564 Blog Posts

ALERT: I’m An Inverse Oil Man Again

***ALERT: NEW TO IBC: FREESTOCKALGOS.COM. Gain access to the rich and sophisticated algorithms inside Exodus, free from charge. Grade your stocks now.***

It should be noted, I am literally the worst oil trader in the world. That being said, I stepped in and bought DRIP — because FUCK OIL.

Also, I was fortunate enough to sell SRAX into strength and booked a 9.5% profit as a result.

In short, 50% cash, long some tech and retail and TZA/DRIP.

Jog on.

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5 comments

  1. ferd

    In light of the research and press releases bashing oil over the last couple days, it’s held up rather well so far.

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  2. acehood

    Need to re-watch that.

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  3. longrun

    EOG will be +150/ps when you decide to sell DRIP.

    Really no hater. Fly, I really think earl will hit 200 within 1yrs time. It is our and our overlords destinies.

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    • moosh

      Sweet chart. Offshore drillers are starting to turn on the monthly…

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  4. cash cow

    I tried out your free stock screen and the scores are not clear. I did not understand them in Exodus either.

    For Example:
    “An aggregate score between 1 (lowest) and 5 (highest) that conveys overall technical strength. The score is derived from technical indicators such as relative strength, price performance, volume, volatility, and accumulation/distribution. We include other intra-day factors, such as currency, treasury, and commodity movements and how they correlate versus certain sectors and the overall market dating back over 35 years.”

    This sounds like the higher the score the better (high conveys the highest technical strength, but the highest number is red which is typically bad. Also, 0-1 is blue, what does blue represent? Is that a unicorn, green starts at 1. A little confusing, great lay out, but further clarity would be much appreciated. Still not sure how to interrupt the data.

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