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
19,700 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%.

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  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.

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  2. bambam

    JCP is still around??

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  3. numbersgame

    “A-Momo-calypse: Worst Day For L/S Hedge Funds Since Feb 2018 VIXplosion’

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  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.

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  5. ferd

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

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