Sold all my stocks, I’m not interested in owning them anymore.
Two days ago I made my first equity short sale of the year, Monster Energy (MNST). Citron Research helped validate a pre-existing suspicion that sugar water doesn’t deserve a +40X earnings multiple and all hope of doing well in China is exactly that, hope.
Over the past fews days I liquidated longs into whatever strength I could get. During my final liquidations this afternoon I started shorting the Nasdaq via leveraged inverse ETF, QID. Technology has many more LinkedIns on deck to blow.
I sincerely urge you to safeguard your essential retirement funds. No matter how hard you disagree with the underlying fundamentals, fighting the market isn’t worth it. Stocks will rationally or irrationally be sold down to absurd levels due to sheer panic and absurdity.
The scariest chart right now is the Nasdaq’s 20 year monthly chart. Excellent risk/reward, for the short side.
China may not be able to create a recession, but a stock market collapse sure can… and before you snicker “no it can’t lolz” in the comment section like a demented Stocktwit’s asshat… google what caused the great depression.
That’s all folks, all we need now is another rate hike.
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Praise B to G00DGREED for calling out the StockTwits idiots! 98% of them are literally the succumb of the earth.
I’m trying to find the short ETF’s & maybe levered ones too that haven’t been built by retards & destined to fuck over investors when the NAV gets hectic.
QQQ and Nikkei are indexes I’m targeting. Any suggestions?
lol wtf u guys crying about
look at how much the Nasdaq is up since 2009
this is a blip and that’s not a major top until it makes a lower high which will happen when they continue to raise rates
You short it buy buying puts or good old fashioned short? Always enjoy your material.