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
23,433 Blog Posts

REKT, In a Variety of Fashions

Let’s count the ways, shall we?

Sneezing non-stop to the malady commonly referred to as ‘allergies.’ I just think I’m allergic to the earth.
My Quant is HAMMERED down 0.6% on an up day.
Gold is down, so my gold stocks are LOWER.
My hedge in SOXS was more than a hedge, but instead my largest position — due to my greed — HAMMERED down into the dust.

On top of all that, I have another showing request for today, a nice couple would like to walk thru my house with mean and critical eyes, stepping through my belongings and flippantly requesting another showing after this one is done — only to low ball me an offer that makes me want to rip someone’s face off from their skull.

Will SOXS rebound? I am down 5.5% from my basis — but it feels like a lot more. Holding onto it seems like a silly thing to do, especially when my own algorithms told me not to.

Observe the painful part.

Admittedly, buying SOXS was a low probability play and I said it — but it still hurts. That fucking Micron — I will never forgive you for posted better than expected results at a time and place when I was long SOXS.

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7 comments

  1. sia

    Where does fly live that he has to show his house that many times?

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  2. ferd

    Variety is the spice of life.

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  3. WrongView

    Bitcoin is dead.

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  4. flea

    The SOXS bet just shows the awesome power of Mr. Market. Just totally unexpected.

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  5. jbandy

    Patience. This market isnt going to runaway. Super narrow rally to the highs with economically-sensitive sectors floundering. China has decided to wait Trump out until results of 2020 elections, so no deal any time soon.

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