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
23,419 Blog Posts

Markets Blown the Fuck Out — Happy Thanks-Fucking-Giving

Give me your fucking stocks, I’m throwing them away. Unfortunately, I was out this morning and could not opine on this lovely market. I had a few hedges, one in SOXS because of white candles that never fail. I just sold it for a 5% gain.

Aside from NUGT and TMF — everything is directly in the shitter.

It just so happens, I was 95% long heading into today. I know that sounds wild and crazy, but I had some hedges and I really didn’t think the market would crash. I WAS WRONG. So now my options are simple: sell everything and wait, or wait and risk burning in the fires.

Tech is getting hit the hardest, down more than 5% today.

FAANG itself is lower by more than 4%.

Since I just was able to sit down and asses the situation, I’m gonna have a nice look at things for 30mins over some coffee, chill the fuck out, and then react.

See you in about an hour, or much sooner in Exodus.

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4 comments

  1. acehood

    Sell sell sell!!!!

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  2. og

    We need a China pump.

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  3. tha pirate

    I may have to head over to the Tropicana and see if I can get a bridge loan from ‘Mo Greene’

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  4. irma vep

    $TGT is a big ouchy-wouchy for me. I was too early.

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