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
23,443 Blog Posts

PREPARE FOR A MOST VIOLENT RALLY

Listen to me now plebs. Markets are fixing to cut off the dicks of those who are short it. Right now, they’re reading Zerohedge, trying to succor themselves with words of doom. But those words only serve to rock them to sleep, as a wave of buying comes in — drowning them where they sit.

This is a textbook reversal of a reversal. Ergo, I sold my SOXS position for a 5% intra-day gambit. This move is so big, it cannot be denied. My gains in LABU far outstripped my losses in SOXS — because healthcare is strongest in this move.

My basket of SAAS stocks, MDB, HUBS, and NEWR, should outperform the market — with both grace and vigor.

I will double up on these positions into the bell, providing we close at the highs.

There are times in life when accepting risk is the appropriate course of action. This is a good occasion to parlay some cash and into the fire. I might be wrong — but I severely doubt it.

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6 comments

  1. speerothekid

    Indeud.

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  2. Black Swan

    Dead. Cat. Bounce.

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  3. trumpmeister

    Still think that we got another 2,000 pts drop from here since Fly still has some money and balls left by going long here.

    His bullish stand is very reassuring for my gold and silver stocks

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  4. numbersgame

    Thanks to Trump, this rally is several days late. Should have happenned Friday.

    As a double-whammy, Mnuchin’s tweet won’t soon be forgotten by profssionals. They will sell strength. I’m ditching longs at QQQ -> $155

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