…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
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.
JCP is still around??
Barely. The mighty Fly has been reduced to buying low-volume penny-stocks, like the “traders” with the $1000 bankrolls.
Perhaps you need to get laid?
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.
Major Insider buying at JCP. Numbers is a rookie.
SHIT FACE:
JCP TRADE 12 MILLION SHARES TODAY.
MNK TRADED 16.2 MILLION SHARES TODAY.
FUCK YOURSELF WHILE YOU FALL OUT FROM A WINDOW
I still have my plaid Towncraft sport jacket bought at JCP when I was in High School (very long time ago).
“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
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.
If you’re not familiar with Billy Strings… https://www.youtube.com/watch?v=y9sUWSoC7ls