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
18,703 Blog Posts

Fade the Fade — Markets Will Rip Today

I bought some DOCU this morning, a stock down more than 20% the past two weeks. I have a special SAAS buy list and I intend, at some point, to buy all of them.

Thus far, things are going quite well and stocks are really soaring. I see there is a little selling now, most likely by FUCKHEADS who didn’t cover their margin calls yesterday, thankful for the respite today. I’d be shocked if this rally did not hold. As a point in fact, I am willing to decapitate myself on live internets, should this rally unravel and spoil.

Presently, I am 50% cash, angling towards buying more if we dip today.

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13 comments

  1. ferd

    No concern on the failure of the reporting banks to hold gains?

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  2. acehood

    Fuck Jamie Dimon.

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  3. Black Swan

    Markets are going to close DOWn.

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  4. numbersgame

    “After the Bounce, Don’t Forget to Sell
    …PS: Once we bounce and rally hard, you’ll be tempted to believe the worst is behind us and that we’ll rally right back to the highs. This is the sort of thinking that gets people killed. The RETEST THE LOW-FAGS will be out in force immediately, requesting we pass the crucible of relieving the horrible times before heading back up, so bear that in mind.”
    – Fly, yesterday

    Your uber-bullishness is a nice contrarian sign

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    • ferd

      No inconsistency in what he said …he, sensibly, did not specify exact timing. Anyway, barring new news, this may trade into the close like a typical Friday …a narrow range dribble that jerks day traders around for losses.

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    • acehood

      Lol – says the MU bull

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      • numbersgame

        *My* view is WAY less of an indicator than Fly’s views simply because (1) Fly has more influence/reach and (2) Fly has more knowledges (Exdodus, polls ,etc.) of what retail investors/traders are thinking.

        I’ll be long MU, short QQQ heading into next week, however, feel free to tuck in your balls and make no predictions of your own.

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  5. eddiedaroza

    Dbx

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  6. og

    Sold AMZN at the open. Market still looks shitty.

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  7. ferd

    builders and materials companies, packaging, now banks and trannies …should have the just-a-correction folks worried.

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  8. s.k.

    Must be all that bulletproof coffee.

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