iBankCoin
Joined Jan 27, 2008
7,081 Blog Posts

Who Are You Betting On? LSU vs. BAMA

It’s the biggest game of the year. Who are you guys putting your money on? You already know my money lies with the LSU Tigers as Alabama has yet to see a defense this frightful. I believe Alabama is favored by 13.5 even with the game being played in Tiger Stadium aka Death Valley.

Ten years ago, I got married to my wife on the day Nick Saban got his first shot coaching against LSU for Alabama.¬†I remember my wife asking me sometime in April what day I wanted to get married. I told her, “baby, it doesn’t matter, whatever makes you happy.” BIG MISTAKE. Invitations went out shortly thereafter and I immediately started getting calls from family members asking me if I was mentally challenged.

I told the wife we had to change the date, but she refused, the invitations were already sent. I told her we had to have a TV at the reception, she said NO. She lost, a TV was there. We had a great time, and LSU lost in overtime by a field goal. She still hates LSU to this day. And, I still love her to this day. Let’s geaux tigers, WE COMING…

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Another Useless Poll: How Do We Really Feel About SnapChat?

Please discuss in the comment section and vote below:

How Do We Really Feel About Investing in Snapchat?

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Disclaimer: I own shares of $SNAP at time of post, and could give two shits if you buy or sell. Thank you for voting.

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$GE Cuts Dividend To 1 Cent; You Guys Got It Wrong

Below are the results from last week’s poll on $GE. As you know, the masses are almost always wrong, and they were wrong once again. $GE¬†trades off by 9% today as the company cuts their dividend completely. Oh wait, not completely, it is now one cent. LOL

Here were the results from¬†last week’s poll:

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Oh and $FB still sucks. We’ll touch on that in a minute…

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New Buys: $AMZN & $SQ

I’ve added two new swings to the portfolio this morning. I took $AMZN under $1500, it had to be done, right? And, I took a position in $SQ, a name I’ve been stalking since this washout began.

I still own $SNAP, and love it down here. I also feel the same way about $ROKU at $50.

Good day sir

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Is It Time To Buy GE General Electric?

No, I’m serious, I want to know. Is it time to buy $GE? Vote below:

Is $GE A Buy Here at $12.50/Share?

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Now that you’ve voted in another useless poll and contemplated owning a piece of CNBC, here are some other tickers to watch this week– all of which come from today’s momentum screen inside Exodus: CLICK HERE FOR CHARTS

Despite panic at the open, we had some big breakouts via $VZ & $MCD. With $F & $GE also making the MOMO screen, it seems people¬†ran to the old man stocks today, no Ramp. Let’s see if the bulls show up tomorrow, or if the bears have them in a vice grip. Developing….

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Some Oversold Stocks To Watch, And One Weed Stock To Buy For The IRA

I joked around inside Exodus today saying that $FAZ has the best chart in the whole market, a bull flag. For those unfamiliar with $FAZ, it is the inverse ETF that tracks the financials, and gives you 3X leverage on downside.

In a rising rate environment I don’t understand why the¬†financials are having so much trouble here. Is there another shoe to drop? Or is this the dip to buy in the financials as we head into 2019?

I don’t know, and would love to hear some feedback in the comment section. One thing is for certain, tomorrow we likely test the recent lows, so buckle up. Just take a look at the recent action here:

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Some names to watch should we see a bounce in the financials are $JPM & $WFC, both of which landed on our oversold screen today. Some other names to watch from that screen include:

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As for momentum, the shippers had it today, along with the following tickers from our MOMO Screen:

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Do we bounce tomorrow? Your guess is as good as mine. I will say this though, if you are looking for a good weed stock to tuck away, you may get a gift should $CGC continue to pull in here. I don’t care what “Seeking Alpha” says. Keep it on watch.

See you guys at the open.

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