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
21,399 Blog Posts

Not Touching This Shit

I was positioned good enough and sold everything but my BITO calls, locking in again of 0.65%. The stocks that are running are solar related, due to ENPH and their fucking earnings beat. The other niche running hot are small little Chinese burrito bombs with a lot of cash. You can measure this by price/cash ratio. At any rate, stocks like NEW, CXDC and others are through the roof.

This is a classic trap. If you’re not careful and find yourself sliding into one of these, you’ll be sliding out on a slab en route to your coffin.

No thanks.

For now, I’m in cash, waiting in the tall grass — taking it easy while the rest of you toil like son of s bitches. Believe me, I’m appreciative of you. But you’re son of a bitches.

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5 comments

  1. edge

    I hate betting against Le Fly but I’m sitting tight. For now.
    Bought BTU Dec 13 puts and 16 calls. Equal numbers.

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  2. emersonlakepalmer

    Jussie Smollett is a POS. Just thought I’d remind everyone-

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  3. edge

    Bought UNG puts.
    Trimmed my longs a little and increased hedges, mostly Dec puts, 10% or so out of the money.
    40% cash.

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  4. og

    God damn. MSFT GOOGL at ATH.

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