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
20,083 Blog Posts

FLY REKT: CORONA VIRUS FEARS DISSIPATE — WHISKING AWAY ALL PROFITS AND MORE!

Both NVAX and NNVC were +20% from my basis yesterday, with LAKE another 15%+ to boot, yet I didn’t take any profits. Do you know why? Not because I wish casted for a cordon of doom to be pulled over the city of Wuhan with pandemic fears, but because I was busy. If I told you what I had to do, you’d probably laugh. It was so trivial it makes talking about it juvenile.

So I rode into the sunset with a trading portfolio filled with shit. 35% of my holdings concentrated in CORONAVIRUS runners, causing me to become a Merchant of Death — up late at night scouring the news in macabre fashion for instances of death. If I believed in karma, I might propose this is a bad way to behave and it might come back to me in spades.

Immediately after the close NVAX filed for a secondary, trashing shares. But it was okay, since I had NNVC, APT, and LAKE up sharply in the AHs — as Chinese authorities warned of more death and mayhem. And then it happened. Around 6:30am, when I awoke from my slumber, NNVC was indicating -55% on news of a secondary 65% below the closing price and I knew it was over. Both LAKE and APT were still higher, but I knew they’d come down and hard.

Today I stand before you a shattered man, clothes in tatters, chest caved in from 4 consecutive double digit drops in NNVC, LAKE, APT, and NVAX. It’s especially SAD because I had profits and they dissipated because I had to go see about a dog sitter.

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7 comments

  1. awanka

    One more outbreak is all it would have taken, Mr. Fly. The fates conspire against us.

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  2. og

    Lucky I sold LK this morning. Personally know a few people that have cancelled their trips to China for now.

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  3. soupbone

    I feel we are surrounded by insanities but a pandemic is not possible to rewrite into a good story.

    Nowthen, to the insanity; several Central Banks, the IMF and BIS have all adopted climate change as one of their agenda items. Warren wants big US banks to stress-test for climate change. What gives with this? This is bat shit crazy, unless they stumble into a recession greater than the last which will certainly reduce greenhouse emissions globally for many years.

    The Davos group are meeting to figure how to keep this party going for themselves basically.

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    • numbersgame

      Climate cahnge is 100% real, except for those with agendas and/or low-IQs. The only real debate is how much blame man has to do with it, and also how much effect man has to decelerate it.

      It does make sense for governments na dlarge organizations to incorporate climate scenairos into their long-range forecasts. However, the timeline for CBs is too short (they are very reactionary) for lciamte change to be much of concern as to effect their policies. Also, climate cahnge is anot an “event’, so stress-testing for it seems like a waste of time.

      However, Davos is all about virtue-signaling, as the 1% discuss waht can be done about cliamte change while in the private jets and energy-sucking mansions. Davos attendees’ major concern about climate cahnge is the instability it could produce among the populations they control.

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  4. cancel19

    Yea, climate change surely is Real! The Dinosaurs told me so. The question is how can a political human shit gonna control the whole climate when they can’t even control themselves or their adversaries!!! LMFAO

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