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
19,125 Blog Posts

Bought into the Bell — God Have Mercy on My Soul

I bought MU, PAYC, TWTR, APPF and ZEN into the bell — all 5% positions. Couple that with an earlier purchase of EXK and I’ve now allocated 70% of my cash. My portfolio is most unusual, centered around the idea that bonds, gold, and SAAS can rise at the same time. While this might appear to be an odd mixture of complexities, it is well thought out and a cowardly approach to a potential melt up.

Markets did nothing from the opening tick, but drift and fade a little. I’m comfortable with that opaque and haunting benevolence in the tape — because it brings with it a certain verve and demeanor that requires aptitude and a relentless spirit to chase it down. This market isn’t for old men and if you’re not careful, you’ll be burned down to as cinder.

My position is simple: 3-5% directional lift higher towards the top of the range, and then failure after the New Year. My gold positions should cushion any shock to the system and my bonds will hedge. While I’m still 100% long in my Quant portfolio, it is also 50% allocated into a defensive structure. I hope that I’m doing right and have properly analyzed the environment. I’ve been hemming and hawing plenty and vacillating between success and failure, all amount to not much. Not much at all. I’ve prepared and highlighted my thoughts and have been reviewing them in person, LIVE, inside of The Capstone Programme. If you’re confused, unable to invest with honor and for profit, let me teach you what you need to be told. Get into the Capstone.

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15 comments

  1. mad marsupial

    I just discovered a calculator on my laptop. 5×5=25. Who knew?

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  2. numbersgame

    Are you kidding me? You’re the new Gartman.

    If this is what a good day for the Bulls look like (GE down, APPL <$169), then I'm glad I added to my net short position (specifically, TSLA, NFLX, and AMZN). All hanging out there for you bulls to chop off.

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    • numbersgame

      PS, besides an Autopilot-driven Tesla almost side-swiping another car on Prime Time TV (60 minute) with Elon Musk behind the wheel, another Tesla crashed into an inanimate object, this time a parked Police car in Taiwan with it’s lighs flashing.

      I’ll also note the Elon has his hands off the wheel when demonstrating the Auto-pilot feature, which should be very helpful to Litigation lawyers when Tesla claims in court that proper operation of the Autopilot feature requires your hands on the wheels.

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      • NON Solo

        Why are you bearish on Tesla? He keeps proving you guys wrong. Did you need see the positive cash flow for 3rd Q?

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        • numbersgame

          It’s simple really. TSLA is cash flow positive because it’s “cheap” car is selling at $50k. There is no mass market for the Model 3 at that price, which means no volume. Also, the tax credits – whcih basically amount to pass-thru profit for TSLA are rapifly running out.

          I will also add that the charts seem to show resistance + bullish exhaustion at $370 which is also near the ATH, so it’s a good entry point.

          Now I will say that I tend to think ahead too much and stocks are based on **group-think perceived value**, so it may be awhile before this stock collapses.

          Honda(HMC) makes ~$250 Billion in **net profit** each **quarter**

          TSLA will be VERY lucky to make $50Billion in **gross revenue*** over the next ***12 months***

          Guess which company has a higher market cap.

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    • Dr. Fly

      WHAT WONDERS! Tell me what else your time machine can tell us about the future, Sir?

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  3. it is showtime

    My biggest nemesis target


    “Canary In The Coal Mine: House Flipping Returns Crash To Six-Year Low”

    divine retribution and vengeance Coming

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  4. NON Solo

    Fly, was that close concerning to you?

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  5. schizo178

    2651 closed right below the pennant … that’s basic TA ..

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  6. budweiser

    Your Flymobile going thousand miles/ hr into sun
    Supposed to trade smaller after losing streak GL

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