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
20,344 Blog Posts

WENT 3X INVERSE PORTNOY; I’M MADE FROM CHAMPION STOCK

I started off the day completely bogged down in longs. Smartly, I started to scale out with losses. The market was down 600, so I doubled down on SOXL, which was down 10%, and sold it into a rip for a 1.7% loss. As I continued to dump stocks and take my lumps, I grabbed my balls and positioned into this bitch sideways and short — long FAZ, SOXS.

Markets ended down 1,000, making my moves more than golden, but what legends are made from.

As markets started to dump out virus plays started to lift in earnest. I booked a 9.9% intra-day rip in APT and noticed, via my newswire, governments started to make masks compulsory. This got me thinking to throw in all available funds into makers of N-95 masks and I’m not talking MMM.

I got in and then saw those fuckers sprint the fuck higher. At the end of the day, the harmony of my trading ended up to be 3x inverse Portnoy — who got bogged the fuck out bagholding 40,000 shares of BA today for a cool -$450k.

This is a brutal business, but only the lion shall prevail. Davey Zebra should stick to betting on foolsball games and leave the arena of champions to men of a higher quality.

If you enjoy the content at iBankCoin, please follow us on Twitter

118 comments

  1. it is showtime

    W W 3!

    ………………………………………………IS!

    NEXT………………………………………..!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • peaches

      Are you long/short anything?

      • 1
      • 0
      • 0 Deem this to be "Fake News"
      • it is showtime

        I stay net inverse
        Scattered hedges
        Set directional limits at night
        Not awake most of trading day

        • 2
        • 0
        • 0 Deem this to be "Fake News"
        • peaches

          so like what were you doing last year? and 7 years ago? when was the last time you were net long?

          • 2
          • 0
          • 0 Deem this to be "Fake News"
      • ericbakerbruce

        Blue horseshoe loves Anacott Steel

        • 1
        • 0
        • 1 Deem this to be "Fake News"
    • cancel19

      Congrats to Showtime!

      Who once I thought was a bot,

      That theory turned out to be naught,

      Now I’m running scared and in need,

      Cuz his warnings I took lightly,

      And I did not heed!!!

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  2. metalleg

    Dow down 4.44%.

    4 is a very unlucky number to the Chinese.

    S&P500 and Nasdaq both dropped by exactly 4.41%….odd.

    • 4
    • 0
    • 0 Deem this to be "Fake News"
  3. indexjoe

    Masterful trading to witness today

    • 0
    • 2
    • 0 Deem this to be "Fake News"
  4. spaceman

    I’m switching out from GOLD EAGLES to PRE 1933 GOLD you know why? Because the government will sweep in and take everything they can. THINK CYPRESS 2013 bail-ins that’s the template for desperate governments.

    • 0
    • 0
    • 1 Deem this to be "Fake News"
    • metalleg

      Sweep in? How’s that?

      • 1
      • 0
      • 0 Deem this to be "Fake News"
    • heckler

      Get a good bar stop being a BITCH

      • 1
      • 0
      • 0 Deem this to be "Fake News"
    • peaches

      1. Look up how many people actually had their gold confiscated. it was mobsters and some shady eastern european clowns who tried to sell their hoards of gold (millions at todays spot price) even after the government said not to do that. one guy was literally told by his bank not to do it and he demanded they give it to him anyways… he could have kept the bars in his safety deposit box and waited a few years when the feds werent sniffing around NYC for these idiots.

      FDR did not send gold sniffing dogs into american homes to confiscate gold coins.

      2. pre 1933 gold willcost you 30% above spot and you wont be able to sell it for even spot. someone in my tribe WILL fuck you. “I’d tell you im definitely interested!! what a beautiful coin” then id acid test that shit right in front of you… bringing the value of your double eagle right back down to earth… literally. then youd have no choice but to sell it to me for MY price… 3.5% below spot. if you gave me any shit… Id tell you good luck… its ruined… you did an acid test.

      3. did i mention the government never sent gold sniffing dogs after people?

      4. did i mention there was no apmex or ebay in 1933? there are exponentially larger amounts of people holding gold these days. America is not gonna confiscate all that wealth. if anything govt might realize our skeptical 1776 dont tread on me attitude may have just saved their stupid asses and we can switch over to a gold standard. America is the home of the gold and silver bugs. nobody anywhere is cashing out their 401ks for rolls of gold eagles and pounds of mercury dimes

      5. did i mention i sold all my stocks in 2018 when the republicans cut taxes for rich fucks DURING a bull market… THE sell signal of ALL sell signals… fuck what that atomic bomb avatar clown says? (Mr. Bruce? wanna run a backtest and see what happens if you move into gold and long bonds after every republican tax cut DURING a bull market, bitch? you got microsoft excel on your windows XP machine) past two years ive been filling up shoeboxes with RCM 10 oz bars and hiding rolls of half dollars around my house.

      6. Heckler is right. like i said. govt aint going to go hunting for 1 ounce coins and bars in america risking getting blown away by a Mossberg 500. buy credit suisse bars.

      7. if you cant afford one ounce bars… no worries… i too bought weed 1 gram at a time once upon a time my man. 20 franc. Belgian/French/Swiss/Italian… it was the Euro before the Euro. The true world currency standard. they are .1867 ounces each. they are the closest coins you can buy to spot price, all other gold coins (1933 stuff) are not for trading they are for your grandchildren. I keep it austro hungarian. dont ask me why. if you cant afford that… fuck… buy UGLD? still no? sell weed bro.

      8. if you think gold price is gonna double… buy UGLD. if you think the world is gonna end… franklin halves, walking liberty halves, $100 face value bags of mercury dimes. also make friends with showtime. if the shit hits the fan and the system collapses… your one ounce of gold will be worth $150,000. Nobody is going to have change for that. The few people who will might as well just shoot you dead and take your coin. You want mercury dimes to pay your rent and half dollars to pay off knife wielding zombie people.

      the end.

      your welcome.

      • 2
      • 0
      • 0 Deem this to be "Fake News"
      • edge

        Why plan for the end of the world. My plan for that is a pistol with one bullet.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • peaches

          the world has been ending since Jesus walked the earth. maybe hes right… but fuck its been a slow process.

          its more likely the trend in gold from 1971 to here accelerates.

          roman debasement of silver hyper accelerated at one point, after they decided the germanic tribes across tha danube would make for good immigrant workers and soldiers… and today there are an awful lot of Jose’s and Miguel’s in the marines these days shooting Arabs for and basically doing all the work for…

          wait for it…

          …the descendants of those original germanic tribes.

          buy gold and silver. If Odoacer is out there… you’ll be able to buy the gun, canned soup and a woman off of a redneck for 1 silver dime.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • snoozemr

            peaches, why would you buy a 3x leveraged gold product to hold long term (ugld), when you can instead just buy 3 times as much gold (gld)? you realize these 3x leverage funds do not literally pay you three times …? i would understand it as a short term trade perhaps …

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • peaches

            um… long term… no.

            I bought UGLD in November. 40 shares under $130. lets say $130 because math is boring.

            (It is at 152 right now, hit 186 a few weeks ago and i dont think its too dumb to tihnk itll go back there and beyond. UGLD will trade at $200 eventually. the more we spend the more likely it is. Jerome Powell owns UGLD.

            limit sold 10 shares when they hit 20% higher price. should have sold more.

            the rest is STILL up 19%, and ive been buying more. I do plan on selling all this UGLD and actually picking up physical bars and silver bars to hide under my wifes collection of loose teas… i told my self i would have done that in february… but then coronavirus and greed showed up. i broke my own rule. UGLD is going up in value faster than the physical gold i own. im stuck. paralyzed by greed.

            i deserve to lose all the money i have floating around in the ether… maybe ill cash out and stop playing this TZA game, but im not convinced the world is actually ending. the stock market stayed open in 1931 so we should be fine.

            BUT this entire seeking alpha story about leveraged ETFs not working in the long term is stupid.

            when I first started this game i was 20. it was 2010. i backtested ticker symbols. and followed Fly’s risk on move like a parasite.

            33% TMF 66% TQQQ was my best strategy. rebalanced quarterly.

            i listened to all the old men who told me it was bound to blow up and i never had the balls to stay in even though anytime i jumped in it PRINTED.

            my cousin worked in PE and made almost half a million a year and he told me i was stupid for using so much leverage. i should have realized he never placed a single trade in his life and someone who works in fixed income shouldn’t be teaching kids levered 3 times over not to play with leverage.

            If you had invested in those 3 leveraged ETFs in 2010 and reblanced quarterly you would be up 1700%+ today.

            that same portfolio today would be UP even after all this march madness

            I dont have 6 figures yet because I didnt trust my instincts.

            10 years is long term enough. though no?

            the next bull market WILL make me a millionaire.

            ETF decay only happens to commodity ETFs, inverse ETFs, or ETFs that track the VIX thats tracking the options that are tracking the sp500.

            The more directional the underlying is, the less the ETF decay argument holds.

            If you think oil is going higher over a 52 week time frame, 3X oil ETF will still lose you money.

            stocks are up more than 80% of the time, and a steady uptrend for the past 40 years.

            gold has been in an uptrend since 1971 for a very simple reason. gold window was closed by nixon. money officially became nothing more than paper.

            now if gold hits $100k an ounce… Wall Street will be covered in blood and feces the way it should be…

            and whoever manages UGLD will steal your money

            but so will JPM.

            GLD only pays out in physical gold if you own 100,000 shares or more. not dollars. shares.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • peaches

            think about it. the money management industry CAN’T buy TQQQ or SPXL in their funds.

            They have every incentive to convince the old farts that I’m a lunatic and TQQQ will blow up tomorrow.

            TQQQ and TMF. rebalance quarterly. do it with $1000 bucks and see what happens. selling TQQQ to buy TMF is hard when stocks are ripping higher… but its worth it when 2011 2015 and 2020 show up.

            i didnt believe it would work either. so i never went all in. all i got to do was double my net worth 3 times in 7 years.

            fucking shame

            • 1
            • 0
            • 0 Deem this to be "Fake News"
          • snoozemr

            i think you are confusing vix products that have premium erosion of & 15% a year, and the oil ETFs like uso or uco, that people advise against holding as an investment. i trade UGLD, TQQQ, UDOW regularly. But for investments, and i do invest in indexes, i buy GLD, SPY, QQQ, VTI etc. And i am still curious as to the question of if you tracked the buy price of your UGLD from October to what it is now, against if you had bought 3x as much GLD that same day, if the 2 numbers would match.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • peaches

            i dont have cash lying around to buy 3x as much of the regular ETF.

            if i did that

            ID BE POOR

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • snoozemr

            understand. point being that these leveraged products are created solely to capture short term bursts.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • purdy

            Excellent rant!

            • 1
            • 0
            • 0 Deem this to be "Fake News"
          • peaches

            Who gives a shit what it was designed for.

            God made UGLD so Peaches could make some money.

            Will I crash and burn one day?

            ***fuck yes***

            Doing 170mph in V8 coupe on the Merrit Parkway.

            My generation makes moves bro. We didn’t get pensions just for finishing high school.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • peaches

            gold has gone up at the end of the year/beginning of the next year 5 or 6 years in a row at this point.

            its the REAL santa claus rally.

            holding GLD to make that trade instead of UGLD is a waste of money.

            I MIGHT AS WELL SELL CHURROS UNDER THE 7 TRAIN IN QUEENS

            • 0
            • 0
            • 0 Deem this to be "Fake News"
        • ericbakerbruce

          dude you are a mouth breathing knuckle dragger. tax cuts do not cause depressions or recessions. there may be a correlation but there is no causation. your analysis is not top shelf.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • peaches

            good argument. there is no causation because?

            what is your degree in?

            have you worked in finance?

            what do you do?

            calling people names… THAT’S top shelf.

            Go fuck your donkey wife on your wal mart cheats while you dream of women who look like mine champ.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
  5. heckler

    Gotta find harmony somewhere Fly, even if it’s 3x inverse Portnoy

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. sierra water

    Called the top yesterday like a Space Alien Magician.

    Sierra Water

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • heckler

      And then masterbated naked in front of the mirror. Why to go

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  7. gizwyy45

    welldone

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. gizwyy45

    I am­ ­makin­­­g 10­,­0­00­ D­­­­­­ollar­ ­a­t hom­e o­­wn la­ptop .­J­u­st do ­wor­k­ onli­­ne 4­ to ­6 hour­ ­­pro­p­­arly­ . so i ma­k­e­ my fam­ily ha­p­py­­ an­d u can d­o……­..H­ere­ is I started………………………………………………………………

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • heckler

      Do you have a fucking link dude bc I have loads of free time rn

      • 2
      • 0
      • 0 Deem this to be "Fake News"
      • peaches

        i too ran out of herbage. RZA dropped a guided meditation album though…

        • 1
        • 0
        • 0 Deem this to be "Fake News"
    • edge

      I make 10000 day own laptop bet against Fly.
      Not really, he usually kicks my ass.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  9. tjnyt

    Well orchestrated decline. Captain and the whole board is repeating WS narrative that changes daily, everyone is a funnymentalist here.
    MONEY has evolved, have you

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • heckler

      Have you?!?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • tjnyt

        Folks keep talking about 1929 annoys me. Money definitely has, since!

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • peaches

          folks keep talking about 30% unemployment also.

          debt/gdp was 110 at the end of 2020 before the xerox machines got flipped on.

          that doesnt matter though because we beat the russians in that hockey game

          now go back to blasting the rocky theme song on repeat.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
    • edge

      No tjnyt, I like to hunt with a club. Naked.
      The decline was very well orchestrated. That makes 3 of the last 4 sessions, at least.
      It’s one of the reasons I’m long. They’re fuckin’ with us.
      Be nice to me says Trump, and Trump has trillions to hand out. Rallies go especially well when shorts get sucked in.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • tjnyt

      Only two days ago the board was abuzz with retest the lows/new lows.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • edge

        Message boards all over are extremely glum. I don’t like crowded trades.
        Trillions to be spent, 10t guaranteed but I think this year’s total will be 12-15t.
        Trump wants favors. The market won’t crash soon.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • edge

          Btw. I think money, or at least finance, has devolved.
          Cheats and dirty tricks.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • peaches

            look up bucket shops. there was no SEC back then. the world is more civilized in every way. except we dont all wear top hats.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
        • tjnyt

          Money=hapiness?

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • edge

            You definitely need some. It has its limits.

            • 1
            • 0
            • 0 Deem this to be "Fake News"
          • peaches

            unless you have a micro penis, its basically useless after you have enough to get $150k a year off of dividends.

            • 1
            • 0
            • 0 Deem this to be "Fake News"
  10. tjnyt

    COVID19 is not going to kill us all, lack of money will.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. edge

    Trump proposes 2t infrastructure. Got concrete?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • tjnyt

      No kidding, I sent a letter to WH stating the virus will soon begone, please f/u with a “BIG & BEAUTIFUL” infrastructure plan, you will be remembered long after.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • peaches

        CAN YOU FAGGOTS PLEASE ADMIT THIS WOULD HAVE BEEN A BETTER IDEA IN 2018 THAN GIVING BEZOS A FEW MORE BILLION THAT WAS SPENT EXCLUSIVELY ON MOET HE POURED ALL OVER THAT PLASTIC BITCH?

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • edge

          Shoulda spent more in ’08.
          If we survive this there will be another. Unless we start sueing and jailing the people who are gaming the bailouts it will continue until collapse.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
        • tjnyt

          .1%/elites in my new understanding of money are simply capacitors that store excess juice put out by the fed. You can’t take it with you.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
        • heckler

          AMEN TO THAT

          • 0
          • 0
          • 0 Deem this to be "Fake News"
      • edge

        TY. I like my longs a little better now.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • peaches

          good to know you trade with your feelings like all the champs

          • 0
          • 0
          • 0 Deem this to be "Fake News"
      • peaches

        https://pixels.com/featured/1935-franklin-d-roosevely-communist-historic-image.html

        Who is going to build all the TVA dams during lockdown though?

        Just pay all salaries for 6 months and let the rich youtube videos on how to code python.

        Anyone who is opposed to that most likely has no skills and has never had to get up during the winter and leave their beautiful wife’s hot young perky nipples in that warm bed so they can go outside and use their BIG BRAIN and SKILLS to make some entitled “job creator” money.

        My company makes a 600% return on my labor… can you tell?

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • edge

          I can tell you’re pissed off about something.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • peaches

            my hearts too big. watching unskilled trust fund babies destroy our economy while most of the brainwashed working class saves fiat money and continues to trust their government pisses me off.

            watching idiots with stockholm syndrome keep voting against their interests is even more aggravating

            • 0
            • 0
            • 0 Deem this to be "Fake News"
  12. edge

    Peaches, that’s enough to piss anyone off.
    People can be so damn stupid.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • peaches

      im also stuck at my desk in brooklyn helping idiots find the “network and internet settings” tab on their laptops.

      and the streets outside are empty except for the occasional old scared italian man who isnt playing this trading account video game.

      theres refrigerated trucks at coney island hospital full of dead people who built this city and the president is insinuating people might not need the ventilators.

      they are dying watching the news and hearing that piece of shit tell them they’re crazy for needing so many ventilators.

      and we are arguing about whether Fly is stupid for jumping into FAZ.

      I can’t get kosher buffalo wings. i can’t get halal truck food. the delis are closed

      You know what that means? it means mexicans aint paying rent today, or ever.

      • 1
      • 0
      • 0 Deem this to be "Fake News"
      • edge

        Yep. It’s not bothering me much, I’m retired and the markets and news are challenging. I love trading in turmoil.
        Plenty of senselessness too, among the electorate, who could fix most of this crap, but they either won’t or are too brainwashed/stupid to understand. I was pretty involved in that until about 3 months ago when I could no longer fight the good fight- I could no longer ignore the impossibility of the task. It was hard because I always thought the middle class was better than that. They would lead us because they had too, or the country would fail. Which it is.
        I’m happier, the coronacrisis saved me. Tumultuous markets took my mind off the disappointment of the death of American capitalism and democracy. Oligarchy sucks. I think much like Sanders now…what is the alternative? It doesn’t matter anymore. Hope is fading fast.
        The voters in this country really have no one to blame but themselves.

        • 2
        • 0
        • 0 Deem this to be "Fake News"
        • peaches

          its definitely bothering me more than it should. i decided no more CNBC or Bloomberg for me. thats why ive been on this site all day.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
        • peaches

          congratulations on retirement. i cant wait.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  13. tjnyt

    RIO DE JANEIRO — As coronavirus cases and deaths mount in Brazil, President Jair Bolsonaro has remained defiant, the last notable holdout among major world leaders in denying the severity of the coronavirus.

    Brazilians, he declared last week, are uniquely suited to weather the pandemic because they can be dunked in raw sewage and “don’t catch a thing.”
    If pandemic ends in a month he will be considered a hero.

    India’s Modi could have said the same about its people, but he turned tail, lockeddowned entire country.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. i_am_nemo

    Make it mandatory that every deceased person be tested for COVID immediately and the stats be made public.

    • 0
    • 1
    • 0 Deem this to be "Fake News"
  15. i_am_nemo

    6-10 million initial unemployment claims tomorrow. Markets are definitely going higher as it is all baked in. Have fun guys.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. narcist

    Already more American deaths under the splendid leadership of DJT than 9/11+Katrina under the splendid leadership of GWB.

    We’re 2 days ahead of schedule.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • narcist

      To ice the cake, Kemp (R-GA) and DeSantis (R-FL) have just begun taking steps that the governors outside of the ex-Confederacy took weeks ago.

      I don’t know the exit poll data of FL but I know white seniors are 90% Republican in GA. So the upcoming slaughter will be extremely delicious.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • narcist

        http://sheezacoldpiece.files.wordpress.com/2016/02/img_9784.jpeg

        Those motherfuckers. All deserve to suffocate to death alone.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
      • wolfdaddy

        Taking out all the Jews in south Florida will equal it out. Good luck

        • 0
        • 2
        • 0 Deem this to be "Fake News"
        • narcist

          Wrong. Will be a sizable net gain for liberty and justice for all when the COVID war ends. (I did graduate with a math degree at a decent college.)

          • 1
          • 0
          • 0 Deem this to be "Fake News"
          • peaches

            pictures of dead black boys is what gets these dudes commenting. not a single opinion on reality. just a sense of pride for feeling better than “somebody” a dead child from a century ago makes you feel good.

            i cant promise you our grandchildren wont cover your babies in gasoline. good luck.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • oohrah

            Apparently they are still lumping the Jews (the Freedom Riders in the 60s) with the rest of us. The Jews will never be white enough for the purists.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • narcist

            @peaches

            Sunday lynchings were still some sort of after-church ritual/routine for them well into the 40s and 50s.

            • 1
            • 0
            • 0 Deem this to be "Fake News"
        • peaches

          thank GOD for oxycontin

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • narcist

            COVID will turn out to be a more valuable godsend. Opioids leave out plenty of lynching attendees.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
    • urb8181

      @ Narcyst

      How about the 12,500 from swine flu in the column for the the magically gifted biracial fuck.

      On average, 100,000 die every year from infections/mistakes caused while
      IN the hospital. Since MGBF didn’t fix that either, I’d put him at 812.500.

      Turns out the glee you had over the couple in Arizona was misplaced as well, turns out they were democrats

      https://www.americanthinker.com/blog/2020/04/the_mysterious_case_of_the_people_who_ate_fish_tank_cleaner.html

      I get that you’re narcissistic sociopath troll, just haven’t figured out your agenda, by the way I used to vote democrat til I pulled my head out my ass and realized how racist you all are.

      • 0
      • 3
      • 0 Deem this to be "Fake News"
  17. i_am_nemo

    You’ve got a ton of of Robinhood traders sitting at home and they are bored. Yolo. Sheep are for fleecing.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • peaches

      my wife has a robinhood account. probably has had a better 2020 than most people here on this site. naturally, of course, that is to be expected, shes *my* wife.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • ericbakerbruce

        I would’ve guessed that your hobby was figure skating.

        • 1
        • 0
        • 0 Deem this to be "Fake News"
        • peaches

          i am 100,000% autistic man. learned to read when i was 2. didnt speak to anyone besides my parents until a year later.

          i am genetically superior to you and it scares the living shit out of you

          what the fuck is a hobby?

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  18. tjnyt

    Took some courage to go from a little short to all long, Looking forward to tomorrow for a well-orchestrated advance with crude to the rescue.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. purdy

    Dr Fly psychotherapist, graciously providing a forum for the houselocked. He is nodding and providing a low-pitched affirming grunt to each of our verbal rolfs. Such a good listener.

    Separately, we may be set to break a little bull flag on silver here.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • narcist

      There will be many bull flags for the precious metals given the deflationary vortex. The staffs still haven’t been laid off are gladly taking their 25% pay cuts.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  20. narcist

    Per Drudge, right-wingers now want Fauci’s head–for trying to save their lives. Very nice of them.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. purdy

    Gentlemen, if you’re stuck at home, the government of Malaysia has helpful advice for the little lady – – which I’m sure she’ll appreciate your passing along to her: https://www.npr.org/2020/04/01/825051317/dont-nag-your-husband-during-lock-down-malaysias-government-advises-women

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. numbersgame

    Sorry I was out. This board has gone bullish after 1 big down day. Pity. How did that work out in March? I sold out of my CURE hedge pre-market (for a loss), and added to my 3x short inverses.

    Really interested in April earnings and their forecasts. Will actaul companies be predicting 4Q turbo boost? Doubt it, but remember to look for 2020Q4 **Y2Y,** not **Q2Q** earnigns/revenue/income.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • narcist

      It’s only the ones who have been wrong all along.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • numbersgame

      For you bulls with above average IQs, let me help you out.

      I’ve been bearsih for about a year now. “Valuation” was my mantra, but momentum/emotion. just kept taking stupid sh!t like TSLA up. My younger self would have blown the fuck up shorting stocks. However, I went long TLT/TMF, etc. insteasd Great lesson learned, so I survived missing out on “easy” gains in 2019, and acatully made more than I expected.

      So now a lot of bulls are thinking “Valuation”, and “Oversold” and jumping in. However, you are ignoring a few things at your own peril:
      1) Literal blood in the streets. COVID-19 isn’t done hammering the American psyche. Most peopel are still thinking, “It’s been almost week (it hasn’t though…), and we only have 5000 deaths. There is no way we get 100,000.”
      2) There is still a very high degree of uncertainity. It’s too eary to know just how much the “E” in PE ratio is goign to be affeted.
      3) Tehc has whethered this pretty good. TSLA barel spent 2 days with a YTD loss. Mnay of these stocks are well above their 2018 lows, which was acatully a much better econmic outlook than today.
      4) Look at the top chart here: “Put and call Options: Greed” Guaranteed that people that sell options are wealthier and usually better finacially educated than the ones buying them. A lot of worthless calls are being sold to Robinhooders.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • edge

        Keep in mind, there is NOTHING to compare this market to.

        • 1
        • 0
        • 0 Deem this to be "Fake News"
        • numbersgame

          ???

          I didn’t compare this market to past bear markets in any of my four points. Nothing about 1930, 2000, 2008, etc.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
      • peaches

        Keep in mind. Widows liquidate everything and go to a CD.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  23. monkeybot

    FYI for anybody who toyed with LK in the past…Boiling hot coffee into face this morning!

    • 1
    • 0
    • 0 Deem this to be "Fake News"
    • narcist

      Like the improving demos of this great land, this channel added some better human beings since 2018.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • wolfdaddy

        Unfortunately for you, the Chinese virus will only buy Trump 4 more years and force everyone to adopt his policies: protect borders, bring manufacturing home, fuck China, America first! Good luck!

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • narcist

          I replied to showtime with this:

          I’ve been saying all along that he is by very far the best candidate to unite all non-whites against the Republican Party (the whitest since 1986 per https://www.nytimes.com/interactive/2018/11/07/us/elections/house-exit-polls-analysis.html but clearly also true since the GOP nominated its first candidate John Fremont for president in 1856)–for generations to come.

          For that reason alone, I will be quite pleased with whatever the election outcome turns out to be in November.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • numbersgame

            Trump has destroyed the Republican party.

            **If** Trump wins again, then that will be the second time in a row that a dep-died establishment Democrat has lost an easy election. Can’t say that is all bad.

            On the other hand, he will destroy the Supreme Court if the Senate stays Republican. However, power has always resided in the people. Once Texas turns Blue, Republicnas are doubly screwed: they won’t win a Presidentail election for decades, which also means that Democrats can put more effort into other races. As the country moves Left, and the Courts move Right (in this scenario), I am confidant I will see a HUGE cahnge to the SC: either an impeachment or expansion. No way that it will be a 6-3 conservative majority for too many cycles.

            You ahve to rememebr that when it comes to the SC: Conservateive = AntiPopulist/ProCorporate

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • narcist

            SCOTUS lags the political pendulum swings because the justices usually serve till they die. The very liberal (Earl) Warren court reigned during the 50s and 60s but it was the product of the FDR-HST-DDE presidencies.

            The generational chasm will end up being the strongest force (more so than identity politics) in the subsequent decade. Neither the young liberals nor the young conservatives will have the desire to spend every last tax dollar on their grandparents–even though the old whites will always continue to vote Republican.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
        • numbersgame

          Trump’s policy is “Me, first”.

          I think the trade war will help the wokring calss in the long term, but Trump didn’t have the balls to keep up the pressure while stock were falling, so he caved last fall.

          I agree that COVID-19 will finsh waht Trump started: protectionsim and less imports.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • narcist

            Protectionism by way of racism/xenophobia is ephemeral.

            The robots and capitalism will regain control of the situation quite promptly and America will remain fucked.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • peaches

            “Historian Joseph Glatthaar’s statistical analysis of the 1861 volunteers in what would become the Army of Northern Virginia reveals that one in 10 owned a slave.”

            These clowns have been fighting against their own interests forever and always will.

            Literally fighting for the people pushing you off of your land and into the hills.

            The southern gentlemen on horseback gallops away as soon as the bayonets show up, leaving you all for dead.

            … and then you make him a statue.

            • 1
            • 0
            • 0 Deem this to be "Fake News"
    • heckler

      Holy fuck they really were making it all up??

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • numbersgame

      Ha, ha, ha!!!! I TOLD you suckers the Chineses drink tea, not coffee.

      How many times has Fly boosted this stock?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • awanka

        I was thinking the same. Do they even like coffee in China? Too funny.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
    • awanka

      Only the CPC is allowed to fake their numbers.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  24. heckler

    6.6 million unemployment BOOLISH

    • 0
    • 0
    • 0 Deem this to be "Fake News"