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
19,896 Blog Posts

The Very Worst Stocks of 2019 Soared Today…

…while the very best performers got poleaxed. Try to wrap your brains around this one.

Sorting for stocks down 10% or more YTD — min caps of $1b, produced intra day returns of +2.2%

Stocks +50% or more were down more than 1.1%.

But wait, it gets worse.

My Bubble Basket inside Exodus was down 3.6% and SAAS stocks are getting dropped into murderholes everywhere I look. Let’s put things into perspective. The valuations for the best stocks are completely dislocated from reality.

What to do now?

Hedge a little and raise lots of cash and try to follow what’s working now. This shift in money flow might last a few days, or maybe even a few weeks.

NOTE: I booked the gains on MNK and JCP today. JCP netted me over 21%.

If you enjoy the content at iBankCoin, please follow us on Twitter

11 comments

  1. it is showtime

    I predict a couple months till we see a FLY BUY: Xyz post and fly folds from secret door stock picks.
    That will be accompanied by a classical music selection.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. bambam

    JCP is still around??

    • 2
    • 0
    • 0 Deem this to be "Fake News"
    • numbersgame

      Barely. The mighty Fly has been reduced to buying low-volume penny-stocks, like the “traders” with the $1000 bankrolls.

      • 1
      • 0
      • 0 Deem this to be "Fake News"
      • ferd

        Perhaps you need to get laid?

        • 3
        • 1
        • 0 Deem this to be "Fake News"
      • omfgitsjd

        That was one of my plays also. I figured the insider buying, circling the wagons, monstrous short positions, strong cash position, and some other strategic positions meant they were going to make a go of it. But, I too couldn’t stay too long either.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
      • Dr. Fly

        SHIT FACE:

        JCP TRADE 12 MILLION SHARES TODAY.

        MNK TRADED 16.2 MILLION SHARES TODAY.

        FUCK YOURSELF WHILE YOU FALL OUT FROM A WINDOW

        • 0
        • 0
        • 0 Deem this to be "Fake News"
    • tradercaddy

      I still have my plaid Towncraft sport jacket bought at JCP when I was in High School (very long time ago).

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  3. numbersgame

    “A-Momo-calypse: Worst Day For L/S Hedge Funds Since Feb 2018 VIXplosion’
    https://www.zerohedge.com/news/2019-09-09/stocks-are-suddenly-plunging

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  4. tradercaddy

    Ragin’ Cajun had it right with the energy services sector as a buy last week (OIH etf).
    It bottomed (short term anyway) last Weds.-Thurs. time frame.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. ferd

    If you’re not familiar with Billy Strings… https://www.youtube.com/watch?v=y9sUWSoC7ls

    • 0
    • 0
    • 1 Deem this to be "Fake News"