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
20,951 Blog Posts

TAKE THE FAT MIDDLE

I liquidated both GME and AMC positions pre market for +166% and +30%, respectively. I can remain ignorant for only short periods of time until voices in my head yell at me “WHAT THE FUCK ARE YOU LONG GME AT $150 FOR?”

I never view a stock according to my basis, but where it’s trading now. Although pleasant, I cannot justify getting long GME at these levels, so I liquidated and greedily took the profits,

Next week I depart for Charleston for a small vacation, so I don’t need any headaches while I’m away. Trading will be light and blogging will be scarce. I’m up 600bps pre market and +141% YTD. I can do whatever the hell I want to do.

As for booking the profits ahead of what could be an epic short squeeze, I always opt for the fat middle and rarely if ever do I aim to time my sales at a top.

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4 comments

  1. ezthere

    “GME” Le Fly moved the market.

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  2. emersonlakepalmer

    Anecdotal- went to a GameStop store for a new wireless controller for PS4 for child. Out of stock. Drove across town to Target. They have one but it’s locked up on the shelf. It literally takes 15 minutes as I wait for the clerk to help some retarded mother with her bratty kids return and then pick out new xBox game. Ordinarily I would have just ordered from AMZN in my underwear but it gave me an excuse to take my daughter out for an ice cream. Retail, in all iterations, blows donkey dick.

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  3. potato

    Charleston was great before wave after wave of obese midwesterners build their stupid little townhouses everywhere.

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    • potato

      My beautiful and delicate anglo-norman peoples have been gentrified, displaced by the huns

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