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
20,422 Blog Posts

Dave Portnoy is 100% Going to Blow Himself Out of the Market

I am not doing this post for attention or to ridicule Pres. As a matter of fact, I’m a big fan of his pizza reviews and love how genuine he is about his business. But he’s going to BLOW THE FUCK UP in the market. I’ve seen people like him come and go in this business for decades and they never ever make it.

The unique part about his situation is that he’s incredibly rich, trading his $3m+ E-trade account with FULL TRANSPARENCY throughout the day. It leaves him prey to bored hedge funders who might just take the other side of his trade for sport. He has negative knowledge about economics and really doesn’t even know how to place an order online. He takes ABSURD sized positions, like wistfully tossing HALF his account in GRUB the other day and then attempting to buy 50,000 shares of NKE today, and soon finding out he didn’t have enough finds to execute the trade. He’s even trading with DELAYED quotes, so when he places an order he’s basing it on prices of 15 mins ago and never gets filled.

Or how about when he sold 945 shares of LULU but pondered over it because he didn’t own any LULU.

I have no idea how insane he is with his sports gambling, but this shit is destined to end badly for him. Only by the grace of God will Portnoy survive the coming fires and it’d be a shame to have to watch him squander $3m in a live stream, just for the sake of needing to produce content.

You can watch his livestream on Barstools throughout the trading day or via their Youtube channel.

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25 comments

  1. cancel19

    This guy looks like a cross between Pete Townsend and Mark Zuckerberg.

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    • ericbakerbruce

      Let’s hope he doesn’t have Pete’s proclivity to search out naked people under the legal age on the internet. Because of that little episode, I can never listen to Live at Leeds again, which is a fucking shame.

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  2. jacked rabbit

    Davey Pageviews added PENN as an investor at the end of January. Probably got big cash, but also sweet tender PENN stock.

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  3. edge

    Don’t want to see it. The last thing I want is to expose my brain to bad habits.

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  4. traderconfessions
    traderconfessions

    This could be better than watching NFLX during our Plague. If this guy had any marketing savvy he’d have bikini girls executing orders he barks from his yacht. Lame ass.

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  5. editrix1

    Perhaps he will. Of course here you are writing and you don’t know the difference between “there” and “their.”

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  6. lawbroker

    If he has a Power E*Trade account with 3M in it why do you assume he has delayed quotes?

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  7. tjnyt

    Listen to the Experts, about this profound once in a lifetime event that this plain MD has been telling you for 2 weeks.
    https://www.zerohedge.com/geopolitical/12-experts-question-covid-19-panic

    Dr John Ioannidis Professor of Medicine, of Health Research and Policy and of Biomedical Data Science, at Stanford University School of Medicine and a Professor of Statistics at Stanford University School of Humanities and Sciences. He is director of the Stanford Prevention Research Center, and co-director of the Meta-Research Innovation Center at Stanford (METRICS).

    He is also the editor-in-chief of the European Journal of Clinical Investigation. He was chairman at the Department of Hygiene and Epidemiology, University of Ioannina School of Medicine as well as adjunct professor at Tufts University School of Medicine.

    As a physician, scientist and author he has made contributions to evidence-based medicine, epidemiology, data science and clinical research. In addition, he pioneered the field of meta-research. He has shown that much of the published research does not meet good scientific standards of evidence.

    What he says:

    Patients who have been tested for SARS-CoV-2 are disproportionately those with severe symptoms and bad outcomes. As most health systems have limited testing capacity, selection bias may even worsen in the near future.

    The one situation where an entire, closed population was tested was the Diamond Princess cruise ship and its quarantine passengers. The case fatality rate there was 1.0%, but this was a largely elderly population, in which the death rate from Covid-19 is much higher.

    […]

    Could the Covid-19 case fatality rate be that low? No, some say, pointing to the high rate in elderly people. However, even some so-called mild or common-cold-type coronaviruses that have been known for decades can have case fatality rates as high as 8% when they infect elderly people in nursing homes.

    […]

    If we had not known about a new virus out there, and had not checked individuals with PCR tests, the number of total deaths due to “influenza-like illness” would not seem unusual this year. At most, we might have casually noted that flu this season seems to be a bit worse than average.

    – “A fiasco in the making? As the coronavirus pandemic takes hold, we are making decisions without reliable data”, Stat News, 17th March 2020

    Dr John Ioannidis Professor of Medicine, of Health Research and Policy and of Biomedical Data Science, at Stanford University School of Medicine and a Professor of Statistics at Stanford University School of Humanities and Sciences. He is director of the Stanford Prevention Research Center, and co-director of the Meta-Research Innovation Center at Stanford (METRICS).

    He is also the editor-in-chief of the European Journal of Clinical Investigation. He was chairman at the Department of Hygiene and Epidemiology, University of Ioannina School of Medicine as well as adjunct professor at Tufts University School of Medicine.

    As a physician, scientist and author he has made contributions to evidence-based medicine, epidemiology, data science and clinical research. In addition, he pioneered the field of meta-research. He has shown that much of the published research does not meet good scientific standards of evidence.

    What he says:

    Patients who have been tested for SARS-CoV-2 are disproportionately those with severe symptoms and bad outcomes. As most health systems have limited testing capacity, selection bias may even worsen in the near future.

    The one situation where an entire, closed population was tested was the Diamond Princess cruise ship and its quarantine passengers. The case fatality rate there was 1.0%, but this was a largely elderly population, in which the death rate from Covid-19 is much higher.

    […]

    Could the Covid-19 case fatality rate be that low? No, some say, pointing to the high rate in elderly people. However, even some so-called mild or common-cold-type coronaviruses that have been known for decades can have case fatality rates as high as 8% when they infect elderly people in nursing homes.

    […]

    If we had not known about a new virus out there, and had not checked individuals with PCR tests, the number of total deaths due to “influenza-like illness” would not seem unusual this year. At most, we might have casually noted that flu this season seems to be a bit worse than average.

    – “A fiasco in the making? As the coronavirus pandemic takes hold, we are making decisions without reliable data”, Stat News, 17th March 2020

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    • Mr. Cain Thaler

      Meanwhile, back on Earth, Michigan hospitals are already hitting capacity. Just two weeks ago, we had no known coronavirus cases. I have a friend who’s an MD in ER; she had four flu cases all season. She had four coronavirus cases in the first week of March 8.

      Your “hoax” is tracing the next term of a frightening power series every time you guys fuck around. It is simply not true that the medical field would have not noticed this. Asinine to suggest, actually.

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  8. tjnyt

    Dr Joel Kettner s professor of Community Health Sciences and Surgery at Manitoba University, former Chief Public Health Officer for Manitoba province and Medical Director of the International Centre for Infectious Diseases.

    What he says:

    I have never seen anything like this, anything anywhere near like this. I’m not talking about the pandemic, because I’ve seen 30 of them, one every year. It is called influenza. And other respiratory illness viruses, we don’t always know what they are. But I’ve never seen this reaction, and I’m trying to understand why.

    […]

    I worry about the message to the public, about the fear of coming into contact with people, being in the same space as people, shaking their hands, having meetings with people. I worry about many, many consequences related to that.

    […]

    In Hubei, in the province of Hubei, where there has been the most cases and deaths by far, the actual number of cases reported is 1 per 1000 people and the actual rate of deaths reported is 1 per 20,000. So maybe that would help to put things into perspective.

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  9. tjnyt

    Dr Pietro Vernazza is a Swiss physician specialising Infectious Diseases at the Cantonal Hospital St. Gallen and Professor of Health Policy.

    What he says:

    We have reliable figures from Italy and a work by epidemiologists, which has been published in the renowned science journal ‹Science›, which examined the spread in China. This makes it clear that around 85 percent of all infections have occurred without anyone noticing the infection. 90 percent of the deceased patients are verifiably over 70 years old, 50 percent over 80 years.

    […]

    In Italy, one in ten people diagnosed die, according to the findings of the Science publication, that is statistically one of every 1,000 people infected. Each individual case is tragic, but often – similar to the flu season – it affects people who are at the end of their lives.

    […]

    If we close the schools, we will prevent the children from quickly becoming immune.

    […]

    We should better integrate the scientific facts into the political decisions.

    – Interview in St. Galler Tagblatt, 22nd March 2020

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  10. tjnyt

    Dr Peter Goetzsche is Professor of Clinical Research Design and Analysis at the University of Copenhagen and founder of the Cochrane Medical Collaboration. He has written several books on corruption in the field of medicine and the power of big pharmaceutical companies.

    What he says:

    Our main problem is that no one will ever get in trouble for measures that are too draconian. They will only get in trouble if they do too little. So, our politicians and those working with public health do much more than they should do.

    No such draconian measures were applied during the 2009 influenza pandemic, and they obviously cannot be applied every winter, which is all year round, as it is always winter somewhere. We cannot close down the whole world permanently.

    Should it turn out that the epidemic wanes before long, there will be a queue of people wanting to take credit for this. And we can be damned sure draconian measures will be applied again next time. But remember the joke about tigers. “Why do you blow the horn?” “To keep the tigers away.” “But there are no tigers here.” “There you see!”

    – “Corona: an epidemic of mass panic”, blog post on Deadly Medicines 21st March 2020

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  11. tjnyt

    “In Hubei, the actual rate of deaths reported is 1 per 20,000. So maybe that would help to put things into perspective.

    1 per 20,000. That’s ?0.00005? or 0%. Proof of what I have been saying to you mindless TURDS for weeks.

    You turds that bought this HOAX hook, line and sinker ARE COMPLICIT IN ONE OF THE MOST HEINOUS CRIMES IN HUMAN HISTORY.

    THE FAKE VIRUS and THE TOTALITARIAN, COMPLETELY ILLEGAL “RESPONSE” has robbed us of everything decent and wholesome and has proven that well over 50% of our neighbors, even so-called friends, are ignorant TURDS who are weak minded, fear filled fools with no relationship to reality. This is the ultimate INVASION OF THE SPECTACLE intended to make us identify with “apparent life” and make us INCAPABLE of seeing what is real through our direct experience.

    The depraved concept of social distancing is “the concrete manufacture of alienation,” a concept articulated by Guy Debord in 1968. It is the final step in the artificialization of human reality, where all experience becomes internalized and artificial due to the propaganda we receive from electronic media. There has never been a better example of this than this current “sheltering in place.”

    **** EVERY ONE OF YOU GULLIBLE MORONIC ASSHOLES WHO HAVE BELIEVED OR STILL BELIEVE IN THIS MANUFACTURED THREAT!”

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    • metalleg

      So I’m not gonna die?

      By the way, If Fly charged the based on the number of letters used in the posts, you would be broke.

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    • edge

      TLDR

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      • narcist

        I “blocked” him as soon as he made the 2000 total US deaths prediction a few days ago.

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  12. narcist

    With the most recent COVID stats, I had to go from net long back to fully hedged–now that the USA is quickly becoming the weakest link in this saga.

    We haven’t seen real fear in the public yet.

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  13. tha pirate

    Swabs ‘el do what swabs ‘el do. Fix stupid yee can’t laddies.
    Arrr.

    “Great balls of fire! Painful moment man sets his crotch alight after flaming alcohol stunt goes horribly wrong”

    https://www.dailymail.co.uk/news/article-3616504/Great-balls-fire-Painful-moment-man-sets-crotch-alight-flaming-alcohol-stunt-goes-horribly-wrong.html

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  14. jbandy

    Fly, where is your livestream?

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  15. lapax979

    Read following report to learn how a single mom was able to make five k dollar in her spare time on her computer without selling anything HERE..media900.com Copy paste Now

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