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
20,179 Blog Posts

Still Winning

Market closed down nearly 900, yet I found myself liquidating stocks at 50% gains. See pal, that’s who I am — simply sashaying throughout life win after win after win. I make it look easy.

Into the close, I loaded up and doubled up on virus stocks. I also re-bought SOXS — because that’s what men do during periods of uncertainty.

I am not looking for a full blown 30% crash, just a modest 8% lower to December 2019 levels.

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10 comments

  1. it is showtime

    – Hi inner wall st CB circle

    – 3403.

    – I just named a number
    – you cant get the S&P
    – to hit. Can’t even touch.
    – have a good day

    – -it is showtime, February 12, 2020
    ibankcoin.com/flyblog/2020/02/12/buy-stocks-buy-cryptos-live-richly/#comment-566025

    Beat you.

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  2. numbersgame

    So is the Exodus OS indicator wrong? OS doesn’t mean go long?

    Anyone long NNVC after today’s price action: “a fool and his money are soon parted”

    As for LAKE and its 781 PE ratio doesn’t leave that much room for further price appreciation (although it’s nowhere near as expensive as that PE implies given the situation), but you know the lemmings better than I do. Good luck either way.

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    • purdy

      Ah hem.

      Numbers, in this particular virus market, you are at the Indy 500 talking to winners about how you got a nice spacious TLT parking space outside the track.

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      • numbersgame

        Nope. Fly claims to be a fisherman, and that is the better analogy: an Alaskan Crab Boat Captain. The deckhands may come out with a big catch, much dependant on the Captain. Or they may come back emptyhanded, or maybe dead.

        Why did NNVC drop 14% if the reason for the market crash is COVID-19 fear?

        Maybe the LAKE and APT fishing spot will continue to have tons of crab, but NNVC suffers from over-fishing.

        Meanwhile, I’m just working my corn plantation. You may not even eat corn, but very likely that my government-subsidized corn syrup is in your diet anyway.

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  3. ericbakerbruce

    Lots of fireworks going off. 4th of July came early this year.

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  4. heckler

    I think we need to short movie theaters airline and Las Vegas

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  5. 'merica

    VIX brushes 30 then recedes on fears of imminent sudden morbid death.

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  6. 'merica

    So I recently built a mini supercomputer, AMD, to crunch numbers and code from my bunker. Just checking prices on parts and nothing has jumped. What’s the scenario here, Chinese are forced to go back to work to keep producing, as they drop like flies? Or does the loss of demand balance it out? Are we going to get inflation is what am asking? Seeing as every fucking thing is made in a Chinese sweatshop.

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  7. ericbakerbruce

    Not to be outdone, I’m sure this summer the mosquito virus loving fear mongerer’s will be talking up Zika and West Nile

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