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
17,256 Blog Posts

Raising a Little Cash Again, Eyeballing More Frackers

I sold two piece of shit swing trades, both for boring ~10% profits (RCON, SOGO) and have placed the proceeds aside, awaiting new opportunities.

I can’t stop thinking about oil stocks. It has always been a desire of mine to walk the oil fields like a true man, spitting on the dirt, wearing cow’d boy boots with spurs on them. Now with oil in the mid $60s and all of those literal FUCKHEAD Princes in Saudi Arabia in prison, we might truly get higher crude — thanks to a sundry of SHITHOLE nations around the world.

There are many other irons in the fire — but I’m not feeling it today. Perhaps my mood will change later on; but for now I am risk averse.

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If Inflation is Such a Threat, Why Aren’t TIPs Moving Higher?

Don’t tell me the TIPs faggots aren’t tuned into the market, understanding of inflation. That’s all the TIPs fags do, worry about inflation. Yet, here I look at the 2yr treasury breaking 2% for the first time since 2008, accompanied by headlines that speak to some sort of rampant inflation that no one can actually see with their own two eyes.

Here’s the chart on TIP, inflation protected treasuries.

Raw commodities? Hardly any traction.

Let’s stop pretending there is some inflation genie dying to pop out from some fucking lamp. Truth is, rates are jimmy-rigging higher because the Fed wants them higher, so they could lower them later, when this all falls apart.

As for inflation, only the wealthy are enduring its deleterious wrath. Everyone else is shopping at Walmart.

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Morning Poppers (Pop, Pop, Pop, Pop, Pop Edition)

Are you ready for another day of blissful trading, equivalent to free money? Dow futures are +100 and I’m sure the news is truly important, but I couldn’t care less. Whilst drinking my morning glass of coconut cream, I saw from one of the corners of my eye something ado regarding S. Korean balking about banning cryptos and also JP Morgan’s earnings.

What’s important to know is that markets prefer higher and that if you’re long — you’re indeed smiling right about now.

Ripple is +20%, Bitcoin is +3.5%.

Here’s some MOAR news.

JPMorgan Chase beats by $0.07, misses on revs
PNC beats by $0.09, beats on revs
Energous prelim Q4 revs $0.03 mln vs $0.45 mln Capital IQ Consensus Estimate; entered into a distribution agreement pursuant to which Energous may offer and sell, from time to time shares of its common stock for an aggregate gross proceeds of up to $40 mln
eBay upgraded to Buy from Hold at SunTrust
FuelCell Energy upgraded to Buy at B. Riley FBR, Inc.; tgt raised to $3.50 — Multiple opportunities not fully reflected in the stock
Etsy downgraded to Equal-Weight from Overweight at Morgan Stanley
Mosaic resumed with a Neutral at JP Morgan; tgt $26

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A Hard Truth: Crypto Currencies Are Dead; Long Live Crypto Currency Equity Proxies

Bitcoin and the whole kit and caboodle are getting ravaged tonight — off by ~10% or so. Truth is, and this cannot be debated, the crypto currency asset class has been dead money for weeks. At the same time, we’ve been making inordinate sums of money long crypto currency equity proxies.

Observe 7 day returns in cryptos, spearheaded by a 40% drop in Ripple.

Meanwhile, we’re cranking out 100% winners inside minutes in crypto land, blessed with actionable news events that cause stocks to spike without pause, and are having a generally great time during a period of distress in the crypto-currency correction.

Wall Street wins again.

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ONE HUNDRED PERCENT INCREMENTS FOR LIFE

Crypto mining is causing electricity grids to blow out, globally. If you think about it, crypto mining is the essence of human stupidity — digging for something virtual, made up out of thin air, simply for the purposes of profit. So people will freeze to death, potentially, because some bedroom billionaire ravaged the grid with his 24hr per day crypto mining operation.

I like the idea of future humans traveling back in time to give us cryptos, forcing us, via greed, to upgrade our processing power, efficiency, and electrical power grid to one day save the human race from extinction. I like that idea because the reality is just so fucking stupid. Nevertheless, here we are, vaping into the winter winds, running fast, with gigantic avocados falling out of our pockets.

I banked today — and step into tomorrow’s trading day long a sundry of high risk gambits. I’m stoically high key excited to see my oils trade tomorrow. Other than that, expect the blockchain to proceed — spitting out new winners. But you’ve got to be lightening speed fast. Read the news. Laugh at the news. Take your 120% profit. Find the next one.

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And…I Got Another One: $CNIT

Chinese burritos are spiraling out of control higher today, led by an outrageous move in CNET. I’ve played this stock before and I also played another Chinese stock with a similar ticker, CNIT.

I’m in it again. You hear me you fucking faggots?

$3.50 or die.

Three fifty is just a start, frankly. All the CNET players are gonna roll down to their retarded cousin, CNIT, soon.

Watch.

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CAUGHT ANOTHER DAMNED EXPLOSION

I can’t stop banking coin here. I might have to write another book about this debauchery.

NCTY sprinting like children in the rain, sock off.

Long from the 80s. Going for a double or nothing.

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Taking a Pause from the Blockchain — Getting into Oil Field Trash

Splendid morning, thus far. In an effort to ‘diversify’ my holdings, I took a dive into the refuse of the oil field — getting long SND. Yes, Smart Sand — because the ordinary stuff is just dull.

I bought it because I liked the chart.

Aside from that, I am long BBG, SN, and FTK. I am very keen about the oil field trash and feel good about this one. Also, I have high conviction in NXTD and NXTDw — got those Ws fellas.

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Booked a Leisurely 120% Profit in $RMGN, 7 Minute Hold

Morning lads,

I started off the day with a cup of coffee that could awaken the dead. Then I logged onto my computers and saw my RMGN position, a stock that I tossed some money at yesterday at 3:53pm for an overnight hold, and was pleased to see it sharply higher.

I just sold it a few minutes ago, at the open, for a 120% gain. I owned the stock for no more than 7 minutes.

Alas, this is my new life, slumbering out of bed, looking at the blockchain, extracting money from it. I must admit, it’s all getting rather monotonous, extracting money from the blockchain each and every day. I haven’t made this much money in stocks since, well, since ever.

What are we up to now? Making MOAR gains. Come join us in Exodus. Seriously, it has never been better and I’m trading in there full time, toiling away, making people happy to be alive.

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Come Get Your Fresh Morning Blockchain

Some bullshit Twitter account tweeted that SECO got some sort of blockchain certificate, whatever the fuck that means. Briefing.com and other news wires ran it and now SECO, “the Ebay of China”, is bidding +40% in the pre-market.

This shit is easy — you don’t even need news anymore — just innuendo of blockchain greatness.

We got some other blockchainers up in the pre-market, such as DPW, COGT and many others — but SECO is the hot runner. There will be more, rest assured. Whenever you see a stock lifting on high volume, a blockchain is likely not far behind.

Yesterday I did some research and discussed possible future blockchainers in Exodus, but many are low volume turds. Truth is, if you don’t get that blockchain crack, you’re left holding a flaming bag of shit.

As far as real companies go, I’m waiting for an LC blockchain announcement to get that stock past $10. I realize the stock is $4, but we are talking blockchain here lads, sure a double in price isn’t too much to bargain for when we are talking #NewParadigm — you avocado eating filthy slobs.

Good morning.

UPDATE: MGI:

Ripple and MoneyGram Partner to Modernize Payments Pilot will use digital asset XRP to lower costs and increase payment speed, DALLAS, and SAN FRANCISCO, Jan. 11, 2018 /PRNewswire/ — Ripple, provider of the leading enterprise blockchain solution for payments, has partnered with MoneyGram (NASDAQ: MGI), one of the world’s largest money transfer companies, to pilot XRP in their payment flows. As part of this agreement, both companies will also explore MoneyGram’s integration into Ripple’s ecosystem through xVia. MoneyGram Logo (PRNewsfoto/MoneyGram) MoneyGram will pilot the use of XRP, the native digital asset of the XRP Ledger, in payment flows through xRapid, Ripple’s solution for on-demand liquidity. XRP remains the most efficient digital asset for payments with transaction fees at just fractions of a penny, compared to Bitcoin fees of about $30 per transaction. Similarly, the average transaction time for XRP is 2-3 seconds with other top digital assets ranging from 15 minutes to an hour. Money transfer companies, like MoneyGram, allow people to safely and efficiently send cross-border payments to friends, families and business partners. The current model for these payments requires money transfer companies to use pre-funded accounts across the globe to source liquidity. Newer blockchain technologies have the potential to revolutionize this process and optimize capital deployment. “The inefficiencies of global payments don’t just affect banks, they also affect institutions like MoneyGram. Money transfer companies are incredibly important because they help people get money to their friends and loved ones,” said Brad Garlinghouse, CEO of Ripple. “We are excited about this pilot and a long-term strategic partnership with MoneyGram. By using a digital asset like XRP that settles in three seconds or less, they can now move money as quickly as information.” For MoneyGram, the second largest money transfer company in the world, this strategic partnership will allow them to understand how blockchain technology and XRP can improve the efficiency of their global treasury operations and consumer experience. Alex Holmes, Chief Executive Officer of MoneyGram, said, “Every day blockchain technology is changing the norm and encouraging innovation. Ripple is at the forefront of blockchain technology and we look forward to piloting xRapid. We’re hopeful it will increase efficiency and improve services to MoneyGram’s customers.”

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