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
19,220 Blog Posts

Getting REKT in $PHUN — NO FUCKING FUN!

I bought PHUN earlier today and made the cardinal sin of walking away to do something. It’s a nice Friday and I wanted to GET OUT OF THE FUCKING HOUSE. This is a god damned prison.

Upon coming back I bore witness to a horrible crime — PHUN sharply lower and reversing like a motherfucker. The obvious choice to sell is, well, obvious. Cut losses — eat a dick — yada yada yada. Or, I could Martingale this fucker and keep buying until I make money in the damned thing. I used to implement these strategies when I ran other people’s money and had unlimited buying power.

So, I opted for the latter — bought more, doubled down, and reduced my basis to $8.67.

WISH ME LUCK.

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8 comments

  1. sia

    The daily chart of PHUN is nothing but hilarious.

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  2. edge

    Bought then sold for plus a nickel. Haven’t been stepped in front of that much in years. Careful, it’s a snakepit.

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  3. edge

    BTW- 2 day h&s on phun chart

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  4. cancel19

    Sounds like me with PHUKing $$LYFT!

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  5. edge

    With Vix at 12 bought some spy puts.

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  6. ferd

    Zero Hedge posted a summary of some of the traitorous acts that “Putin’s puppet” has committed while in the White House:

    “.. “requests” to which Trump acceded include moving the U.S. embassy to Jerusalem, declaring Jerusalem Israel’s eternal capital, closing the Palestinian consulate and cutting off aid, and U.S. recognition of the Golan Heights, captured from Syria in 1967, as sovereign Israeli territory.”

    They forgot to mention Gaza and the trashing of the Iran deal.

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