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
20,873 Blog Posts

This is What Tops Look Like

I liquidated my entire trading account, having sold some way too soon — FIZZ for example. Missing out on AMC’s 200% move hurts and of course not owning GME as it hit $360 stings. But it’s over.

 

The NASDAQ is swan diving now, lower by 250 — because funds are liquidating all in order to accommodate for the carnage in their shorts. TR is up 50% for Christ’s sake. I might get back in later. But for now, I’m out.

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

9 comments

  1. tha pirate

    Mi head exploded when me saw the option prices on $GME! Arrrrrr!

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

    Buy the dip pussies!

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  3. tradercaddy

    Wanna a good laugh.
    Go read Reddit wallstreetbets.
    Reminds me of the old Hialeah racetrack I went to on occasion and the crowd was cheering on their horses and at the end of the day there were betting tickets laying all over the ground.
    These people think they are at the racetrack.
    I thought Stocktwits was full of it but this Reddit thread beats it.

    • 2
    • 0
    • 0 Deem this to be "Fake News"
    • tha pirate

      Perfectly NORMAL market action here ; / Caddy, let me answer you in the words of Mr. Biden: C’mon man!

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

        Maybe it’s my age but Gamestop as an ongoing business?
        I didn’t even know they were still in business.
        Don’t they have the Blockbuster business model?

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  4. trumpmeister

    2 trillions on the way for the mass to nail hedge funds even further. Awesome action!

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

    Finally, a pol with balls. Tulsi said on Fox that Brennan and Schiff are acting as domestic terrorists. Hope they don’t Epstein her.

    Tulsi ’24

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