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
23,417 Blog Posts

FORCED AGAINST MY WILL LONG; WAR UPDATE

It seems rather nonsensical to be long here after 1500 points of FUCKERY. However, it’s quite rare for stocks to trade lower after such large moves and I suspect if we do trade down tomorrow morning — we will soon rebound and trade up.

Ergo, I am leaning heavily long with a 10% UVIX hedge in the event of nuclear bombings.

The situation in Ukraine is tense, for the Russians. Whatever the hell is happening over there, it seems I’ll never understand it. From an amateur point of view, it appears the Russians are giving up space in exchange for time, which is the essence of war. They are not engaging Ukraine forces and have opted to constantly withdraw and fall back to new defenses, whilst giving up hard fought gains. Pro Russian sources say this is being done in preparation for the reserves that were called up. However, I have a hard time understanding the logic of this and do not understand how Russian forces could be so bad at determining UKR troops movements. It seems, and again this is an amateur point of view, the Russian military command is bogged down by bureaucracy and their formations aren’t enough to withstand the American armed Ukrainians. Pro Ukrainians think they’ll go all the way to Crimea and that’s awfully stupid thinking. Either way, and I am strongly opinionated by this, the Russian setbacks are BEARISH for stocks because it only means Russia will escalate.

Moving on, I am short euros because we are now at parity with dollars and that psychological line might be enough to draw in a downward reversal.

Bottom line: I was +15bps in trading +300bps in my long only quant. I missed this rally and made just 1.15% yesterday. Because I am late, I am of course tempted to compensate for it by chasing. This is retarded level thinking and only works on true breakouts. The time to buy heavily was when people were shitting their pantaloons. We are not shitting anymore and many traders are instead ejaculating. I expect the rally to continue for the duration of this week and then possibly fade, especially if Putin nukes Kiev.

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

13 comments

  1. metalleg

    Russia probably placed hidden explosives in these areas. Once the Ukes get back in, she-bang!

    Ok, maybe a stretch. Maybe it’s easier to deplete the opposing troops if you know where they are.

    Come into the pool. The water’s nice. Then she-bang!

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

    Be even sweeter if Ukraine went all the way

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. duuude

    Simple military tactic. Have the enemy overextend their supply line.

    Then cut it off.

    Then obliterate.

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

    Look at the terrorist in this forum sucking each others cocks and justifying how their idol, putin is about to come on top…
    About time you dislodge putins cock out of your dirty diseased mouths and join the winning team. USA always wins even when it appears otherwise!
    Pretty soon we’ll be filling strategic petroleum reserves at $40 crude.
    Sick motherfuckers!!!

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

      Awfully yangish of you Helen.

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

      Are you the Fly’s alter ego?

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

      Oh really, $40 crude. WHEN? Put a date on that.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • Mr. Cain Thaler

      Terrorists! Finance blog terrorism doing terrors.

      Jesus Helen, I can time the stupid shit you say to the end of your antidepressant scripts. Go embarrass yourself elsewhere.

      • 1
      • 0
      • 0 Deem this to be "Fake News"
  5. bob smith

    Putin is utilizing a well-known military tactic straight out of the book “Fighting a War for Dummies”

    Chapter 7: Pummel Your Opponent’s Fists With Your Face

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  6. Mr. Cain Thaler

    I bought back $SPXL 5 minutes ago. Out dealing with water problems this morning.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. rigged game

    Nobody gives a rat’s ass about you “system”, fly. If your fans
    followed your actions and duplicated your trades, they would
    be 50% busted in two months, because the bid-asked and
    commissions would kill them, the former working against
    them on both the in and out legs.

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