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

Gonna Give Collapse One Final Chance

The morning action is bullish and I was close to covering my shorts and ending my foray into volatility — until I peered a look at bonds and saw they barely budged.

It’s true — all of the cool stocks are up and my olde man stocks and $TZA/$UVIX positions are tanking lower. But maybe I should give the specter of collapse a chance and let the market absorb all of the buyers to hopefully TRAP THEM long and destroy them!

This is probably delusional thinking on my part and my ego might be getting in the way of proper risk analysis. However, I did just buy 3 cool stocks to hedge my hedges and my losses, although regrettable, are still about than 1%.

If not short, I’d be boasting about the $LYFT numbers and how it meant my $UBER thesis to be correct and also telling you about $BTC and $HOOD — two strategic holdings of mine that I favor.

At any rate, I won’t add to TZA/UVIX and I probably won’t chase the devils going up here. Maybe I’ll just wait an hour or two to see if, perhaps, markets might cave in a little here.

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

3 comments

  1. txchick57

    Fooled again.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. txchick57

    Fooled again.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Dr. Fly

    Closed out shorts.

    Shut up cunt

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