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

BOOKED MONSTROUS GAINS IN A TRAIN WRECK

Shut up.

I was fortunate to have been long WPM heading into today. I sold and escaped with a 19.5% gain. Now that you’re quiet, you should also know my Quant is flat for the day.

Everything is say and do is wrong. All of your ideas, absolute shit. You should sit down and be humble.

I will not make any predictions, because the intra-day moves have often reverted back to the mean. Assuming we closed here, this is a right shoulder of a head and shoulders top, coupled with a god damned death cross. In other words, we’re heading back to the lows and then we’ll probably break lower by another 5% before settling in.

Raise cash.

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12 comments

  1. bronze28

    we are collapsing; now below the lows; &^%^%$#$

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  2. numbersgame

    SPY fell out it’s box ($262.7).
    On the other hand, VIX is unimpressed, and IWM is overperforming

    I think we bottom today for December, although I don’t know if it will be gentle or fierce. I’ll be dipping into long AAPL (already bought some including a few $265 puts expiring today as a hedge), and shifting my NFLX shorts to later dates if you muppets keep buying it

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    • alty

      Honestly your market commentary makes me long for the political commentary of 2016. No one cares dude. Get over yourself.

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      • numbersgame

        Then you are a fool.

        All information is useful information, whether you agree with it or not. At the very least, it tells you how others are thinking, and sentiment is important for market direction.

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  3. cancel19

    Only Jerome Powell can save us traders now. IMHO

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  4. irma vep

    Now you should all look into Capstone Program or one of the other premium tools offered by Mr. Fly.

    I would but I was foolish and spent way too much money on jewelry at $TIF and $COST. Gold jewelry. Why? I like god jewelry and I’ve felt bad for losing a 22K heavy chain from Saudi Arabia bought back when gold was $400 an ounce give or take. But 14k doesn’t make up for 22K. But I’m a fool for gold jewelry.

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    • irma vep

      I did buy a 1 gram Swiss ingot pendant at $COST. It’s so cute! I thought the price was good, for jewelry anyways.

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  5. joyous__ending

    When they can knock down JNJ 12 points, you know it’s a Bear market

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    • cancel19

      Never mind the carcinogenic baby powder.

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      • irma vep

        I really question this as fact. It’s probably not the whole story or it’s an internet hoax. It came out years ago that just plain talc is not good for babies or adults; especially the lungs. I never could stand the stuff.

        “The Reuters article is one-sided, false and inflammatory,” Johnson & Johnson said in an emailed statement to TheStreet. “Simply put, the Reuters story is an absurd conspiracy theory, in that it apparently has spanned over 40 years, orchestrated among generations of global regulators, the world’s foremost scientists and universities, leading independent labs, and J&J employees themselves.”

        “Johnson & Johnson’s baby powder is safe and asbestos-free. Studies of more than 100,000 men and women show that talc does not cause cancer or asbestos-related disease,” the statement added. “Thousands of independent tests by regulators and the world’s leading labs prove our baby powder has never contained asbestos.”

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        • irma vep

          Actually, that quote was not well written. Which is, in and of itself, surprising if it is a direct quote from J&J.

          Although, these days, very few people write well enough to convey what they mean.

          Mr. Fly is one of the few; even when he resorts to rants and cursing. 🙂

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        • numbersgame

          It’s not a hoax. There IS asbestos in J&J talc. The J&J reports are here:
          https://www.documentcloud.org/documents/5017565-1972-through-1992-lab-reports.html

          OF course, there is also asbestos in school classrooms – even *after* they clear it out the insulation. So the real questions are:
          1) How *much* asbestos is in J&J baby powder?
          2) What are the acceptable limts? (OSHA and the EPA has some guidelines)
          3) What will juries think?

          I’ve read the reports and checked the OSHA and EPA websites and made my conclusions. I will let all you other geniuses do your own homework on this one.

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