The Window For The iBC Investor Conference Is Closing

A wonderful opportunity awaits you in Las Vegas, Nevada.

There you will receive teaching at the hands of a market sage – Jeff (the Option Addict) Kohler – two special presentations from successful industry practitioners Howard Lindzon and Jeff Macke, be served world class comestibles and carouse in the presence of your fellow men and women of industry.

That evening attend a special VIP event on the MGM Skyline Terrace. Mingle with your associates, expand your network, and perhaps, without realizing it, meet one of iBankCoin’s own writers travelling incognito.

Indeed I am please to announce all who attend the conference will also receive a free sample of iBankCoin’s newest featured product, the Income Investment Report.

The Income Investment Report is a quarterly interactive publication and PPT enhancing experience. Every quarter receive a detailed analysis of twenty five positions tailored for the investor seeking income from his or her portfolio. The Income Investment Report breaks down recent business fundamentals, risk exposures and relative pricing against hundreds of other possible income investments one could make.

The Income Investment Report is a publication of the highest quality – I should know, I wrote it.

If you are ready to commit to the best event you will attend all year, click here.

Hoist The King’s Flag

You were given a choice in life; to walk the path of righteousness or slither along the trail of the disreputable. Life was yours, to go where you will. The possibilities were endless and wonderful, reaching like skyscrapers in the eyes of a child’s imagination.

You chose to fly black sails and follow in the teachings of one “Tyler”.

Today will bring the reward deserving of a pirate. The Royal Navy is come crashing down upon your most pitiful crew with aim of sinking your vessels to the dark fathoms below. Any survivors will be hung by their necks on the shoreline, as a warning to other misty eyed urchins who might dare to dream of such a wanton lifestyle.

Practitioners of the Dark Arts shall be brought to justice today. Ho hum.

We’re Not Done Going Lower Yet

The EURUSD is not confirming the move, and oil prices have retraced. Yesterday’s powerful follow through into this morning has suckered people into the funnel.

For the moment, I don’t know if I want to sell any more. But one thing is clear to me – unless Europe can get its act together, we are going down.

A Difficult Decision – Back To 20% Cash

Here I find myself, anxiously pacing up and down the width of the 9th floor in ferocious concentration on the ground just in front of my stepping feet.

What to do?

I have made almost 7% in one day, putting me back in the black for the year. My timing could hardly have been any better.

In August, animosity led me to sell down my longs to a 45% cash position, at the highs of the market. The oil names that were so mercilessly cut down; I had escaped them in sublime manner. Not that I was spared. I watched in shock as a 20%+ year devolved into a small loss. Rather, what marked this as exceptional was the losses I avoided.

I began to buy back what I had sold, and more…

I soon found myself holding a 115% long position on margin. I will not try and hide from you that I was beginning to get most nervous this morning, when the clamor was loudest and the fear the most potent.

So what do I do now? I can hardly exclaim victory – I’m 20% shy even from an acceptable sigh of relief.

Today was a big move. But I remain worried. The EURUSD is stuck at 1.28. Europe is the hidden driver of this selloff; not ebola or white noise in Fed data.

We could continue much higher. Or, I could be savagely knifed and lose my year entirely.

I think that settles it. I am raising cash back to 20% by taking profits on the names I bought at the lows, and completely selling off BTU for tax loss write offs.

Breakeven For The Year…

You have to be kidding me with this right now.

I just went from a plus 20% year to flat, in the matter of a few short weeks. This blow up in the oil sector is vicious. It is the legacy of the collapse this spring – the tech debacle’s bastard twin. I can only look on in a state of minor shock, watching this unfold for…really no particular reason.

Some people just woke up one morning and said “I think billions in market cap should vanish”.

Then they did.

There is no data driving this. The Fed data is not showing a slow down. Europe data is as bad as ever…but no worse. Oil demand estimates have been revised lower…to a still larger number.

This near total collapse is being fed by the end of QE, a half cocked conspiracy theory concerning Saudi Arabia and the Russians, and fear.

And it is getting so bad, the sector is actually at risk of sustaining real damage, should the hearts of energy producers seize. What is at stake here is nothing short of the US recovery, all thanks to some investors getting wobbly legs.

BAS is trading back in the $16 range. HCLP is a $40 stock again. Are you joking? To the best of my knowledge, both of these companies has not seen a single cancellation of business. Actually, contractually, HCLP cannot see such a thing, unless their customers all go out of business.

The only word that even adequately describes what we are seeing is – panic.

The Window For The iBC Investor Conference Is Closing

A wonderful opportunity awaits you in Las Vegas, Nevada.

There you will receive teaching at the hands of a market sage – Jeff (the Option Addict) Kohler – two special presentations from successful industry practitioners Howard Lindzon and Jeff Macke, be served world class comestibles and carouse in the presence of your fellow men and women of industry.

That evening attend a special VIP event on the MGM Skyline Terrace. Mingle with your associates, expand your network, and perhaps, without realizing it, meet one of iBankCoin’s own writers travelling incognito.

Indeed I am please to announce all who attend the conference will also receive a free sample of iBankCoin’s newest featured product, the Income Investment Report.

The Income Investment Report is a quarterly interactive publication and PPT enhancing experience. Every quarter receive a detailed analysis of twenty five positions tailored for the investor seeking income from his or her portfolio. The Income Investment Report breaks down recent business fundamentals, risk exposures and relative pricing against hundreds of other possible income investments one could make.

The Income Investment Report is a publication of the highest quality – I should know, I wrote it.

If you are ready to commit to the best event you will attend all year, click here.

Hoist The King’s Flag

You were given a choice in life; to walk the path of righteousness or slither along the trail of the disreputable. Life was yours, to go where you will. The possibilities were endless and wonderful, reaching like skyscrapers in the eyes of a child’s imagination.

You chose to fly black sails and follow in the teachings of one “Tyler”.

Today will bring the reward deserving of a pirate. The Royal Navy is come crashing down upon your most pitiful crew with aim of sinking your vessels to the dark fathoms below. Any survivors will be hung by their necks on the shoreline, as a warning to other misty eyed urchins who might dare to dream of such a wanton lifestyle.

Practitioners of the Dark Arts shall be brought to justice today. Ho hum.

We’re Not Done Going Lower Yet

The EURUSD is not confirming the move, and oil prices have retraced. Yesterday’s powerful follow through into this morning has suckered people into the funnel.

For the moment, I don’t know if I want to sell any more. But one thing is clear to me – unless Europe can get its act together, we are going down.

A Difficult Decision – Back To 20% Cash

Here I find myself, anxiously pacing up and down the width of the 9th floor in ferocious concentration on the ground just in front of my stepping feet.

What to do?

I have made almost 7% in one day, putting me back in the black for the year. My timing could hardly have been any better.

In August, animosity led me to sell down my longs to a 45% cash position, at the highs of the market. The oil names that were so mercilessly cut down; I had escaped them in sublime manner. Not that I was spared. I watched in shock as a 20%+ year devolved into a small loss. Rather, what marked this as exceptional was the losses I avoided.

I began to buy back what I had sold, and more…

I soon found myself holding a 115% long position on margin. I will not try and hide from you that I was beginning to get most nervous this morning, when the clamor was loudest and the fear the most potent.

So what do I do now? I can hardly exclaim victory – I’m 20% shy even from an acceptable sigh of relief.

Today was a big move. But I remain worried. The EURUSD is stuck at 1.28. Europe is the hidden driver of this selloff; not ebola or white noise in Fed data.

We could continue much higher. Or, I could be savagely knifed and lose my year entirely.

I think that settles it. I am raising cash back to 20% by taking profits on the names I bought at the lows, and completely selling off BTU for tax loss write offs.

Breakeven For The Year…

You have to be kidding me with this right now.

I just went from a plus 20% year to flat, in the matter of a few short weeks. This blow up in the oil sector is vicious. It is the legacy of the collapse this spring – the tech debacle’s bastard twin. I can only look on in a state of minor shock, watching this unfold for…really no particular reason.

Some people just woke up one morning and said “I think billions in market cap should vanish”.

Then they did.

There is no data driving this. The Fed data is not showing a slow down. Europe data is as bad as ever…but no worse. Oil demand estimates have been revised lower…to a still larger number.

This near total collapse is being fed by the end of QE, a half cocked conspiracy theory concerning Saudi Arabia and the Russians, and fear.

And it is getting so bad, the sector is actually at risk of sustaining real damage, should the hearts of energy producers seize. What is at stake here is nothing short of the US recovery, all thanks to some investors getting wobbly legs.

BAS is trading back in the $16 range. HCLP is a $40 stock again. Are you joking? To the best of my knowledge, both of these companies has not seen a single cancellation of business. Actually, contractually, HCLP cannot see such a thing, unless their customers all go out of business.

The only word that even adequately describes what we are seeing is – panic.

Made Some Small Nibbles Today

I made small adds today to HCLP and BTU.

I added to HCLP for $49.73.

I added to BTU for $11.97.

Cash stands at 20%.

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