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
23,433 Blog Posts

SMOKING POT INTO THE CLOSE

For the record, I believe pot is degenerate and degrades anyone who consumes it. Nevertheless, I am a merchant at heart and know when the winds are blowing west. I positioned heartily into POT STOCKS today and believe we’re in the 6th inning of this rally.

Also, markets look good.

Also, Jeff Bezos is stepping down as CEO. Wow.

GOOGL smashed earnings. Remind me why I should be cautious here?

I ended the session +150bps after enduring some early losses. I am quite literally invincible and cannot be stopped. The stock gods favour me more than anyone else and I prove it every single day in Exodus.

GME closed down 60% and I am sorry for those of you who got hoodwinked into believing it would race towards $1000. Nothing lasts forever, not even love or hate. Do not believe people can remain stalwart in the face of greed and lust, all of the worst emotions humans have to offer. GME was a scam and always will be a scam — because their business is antiquated and stupid. Take your lumps and move on like a man — because that’s what men do. We admit when we are defeated and retreat back into our comforts, concocting new plans of attack that will both entertain and enliven us.

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4 comments

  1. emersonlakepalmer
    emersonlakepalmer

    I’ll pass on grass. Makes people stupid. Booze too. Go to a party and stay sober and really look at how people act and listen to what they say under the influence. Then ask yourself, “do I act and talk the same way when I’m high (drunk).” Chances are you do. But like Fly, I intend to profit off these degenerates and am long that marijuana ETF.

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  2. sierra water

    Was buying GRAMF all last week. SPAC/Jay-Z.. more celebs to come.. California..

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  3. newkid

    You apologies to those who got their faces ripped off in the GME frenzy while acting like this blog wasn’t a WSB/4chan regurgitation all last week.

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  4. purdy

    Wouldn’t be so sure. I know lots who have died young from booze – but none from pot.
    Also, booze tends to make folks reckless and cocky; while pot tends to make people reflective and regretful of having treated others unkindly.

    Our country is drunk with good fortune and has been behaving very badly. I wish DC was filled with barefoot stoners.

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