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
18,593 Blog Posts

Here We Go Again — Markets on the Cusp of Significant Rippage to the Upside — ALL IN

I was having a hard time buying new stocks. All of the charts look the same and it felt redundant to take on new responsibilities, especially with charts looking so dreary.

Then I got to thinking, “what the fuck am I scare for? I’m the motherfucking Fly, a financial super hero — the backbone of a generation — taking to these internets with energy and vigor for more than a decade. Everything I touch turns to gold; and I have been blessed with a keen sense of direction, bestowed upon me.” So I went all in.

Hear me now. I doubled up in the follow names and have gone “all in”, as markets crash higher — zeroing out Zerohedge and making a mockery of the bears who felt now was the time to get involved.

SSTI
OKTA
NEWR
MDB
DOCU

And I started a new position in Chinese IPO QTT.

Cash levels have been reduced to just 5%. Ask me if I care — because I really don’t.

“Boats crashing against the current, oarless, absolved by the fate of destiny, carried forth by the winds of the Gods.”

-Fly, 2018

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8 comments

  1. mrcharlie

    Fly you smug fucker!!! Backbone my ass!! hahahaaaa love this post

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  2. numbersgame

    It’s on the cusp of something, but I’m not as certain of the direction. Questions for this week:

    – What are today’s volumes vs Friday’s?
    – Can AAPL hold 220?
    – Can the small caps (Russell 2000) retake and hold 1600 (+1% from here)?
    – NFLX is sure to have another report where they blowout on cash but gain in subscribers. Asuuming that they hit their sub number, waht is the market’s reaction? Risk on/risk off
    – Will the the 2yr/10yr curve steepen or shallow?

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    • slippery floor

      This post seems critical … why don’t you tell us how your positioned?

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      • numbersgame

        Because I already posted that. If you link to the posts where you tell me YOUR positions, then I’ll link to the ones where I told mine.

        Lots of pot around here, not enough kettles.

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    • Dr. Fly

      TUNE IN TOMORROW FOR A POSSIBLE REVERSAL OF OPINION YOU GIGANTIC FAGGOT

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  3. numbersgame

    “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.”
    – Dr Jekyl, Thu, Oct 11, 2018 9:41am EST

    “Cash levels have been reduced to just 5%. Ask me if I care — because I really don’t.”
    – Mr Hyde, Tue Oct 16, 2018 12:54pm EST

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  4. it is showtime

    Not-fucking-surprising they found a rationalization for a full session straight line surge
    Crack 2 is still in the books
    The heap is
    mounting

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  5. rangersfan

    pure cokaine kid, lets go higher

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