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
23,429 Blog Posts

Don’t Tank

Leadership stocks are being sold, all day long. However, for the most part, they’re still green.

It’s ok if they trade down a bit, but not tank.

Should AAPL, RIMM, VMW, GOOG, BIDU start getting “machine gunned,” the whole warm and fuzzy good feeling of yesterday’s rally will be replaced with panic and complete asshattery.

In addition to the above concerns, “The Fly” is quite busy yelling at his monitor, due to precipitous declines in XFML and VMI.

In other “newz,” MCHX goes higher, everyday.

Who would have thought?

Finally, there is a lot of selling pressure in MVIS. Personally, I know a lot of people who are throwing in the towel, preferring to go long some of the beaten down leaders.

As you know, upon stock market recovery, the leaders go up first, then the 2nd tier names. Finally, the lower tier speculative stocks, like MVIS, go up last.

I’m not selling until CES.

NOTE: Old man Ducati just posted, in “The Peanut Gallery,” delusionally exclaiming: “US markets have been in a de facto bear market since the year 2000.”

Har. Har. Har.

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18 comments

  1. TraderCaddy

    GOOG and AAPL now playing tag for low of the day.

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  2. gappingandyapping

    DT – You going to hop on the short bus at 51?

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  3. TraderCaddy

    How about JBLU merging with LUV? Not alot of overlap of routes.

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  4. Juice

    anyone like SAM down here?

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  5. Jake Gint

    Do I need to post the Eddie Murphy Warning again, or is once enough?

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  6. Jake Gint

    Back coin or be foined.

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  7. Jake Gint

    Um… “bank” coin.

    Or be foined.

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  8. Juice

    XFML is under that gay hammer on loan from MVIS.

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  9. Jake Gint

    In Italy, at the beginning of the 16th century, as the custom of wearing light armour, mostly mail, declined, swordsmen noticed that many parts of the body could be attacked successfully with the point, parts less accessible to the edge and thus the thrust begun to be increasingly emphasized. This led to the then cut oriented fighting being challenged and replaced by a new style of swordplay, that of foining, also known as fencing (from defense). The swords used were modified so as to better suit them to this kind of usage, and thus the rapier came into existence. Notwithstanding the success of the rapier, civilian use of heavy cutting swords lingered on, most notably in Scotland, where they were much favoured until the 19th century.

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  10. Juice

    someone put Bartiromo out of my misery .

    I’m willing to pay.

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  11. Juice

    someone hit Maria with the homo hammer of death

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  12. newequity

    Sorry about XFML guys, I was dead wrong. Momo players are dumping now because this thing shouldn’t be down 90c on good earnings.

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  13. coach137

    SPX – Ouch, that’s going to leave a mark

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  14. Dinosaur Trader

    Gappy,

    Yeah, but it doesn’t look like he’s going to get there! Even with this weakness…

    Maybe it gaps down tomorrow to make it up, or maybe there’s money moving there for safety purposes. ANDE was upgraded today and that’s propping up OMG.

    -DT

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  15. Jake Gint

    Candle pin bowling time!

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  16. kd

    how much longer will this selling pressure in mvis last????

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  17. Danny

    KD-

    In geologic terms, a blink of an eye.

    People time, could be thousands of years. One year for each share owned.

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  18. 12buttons

    MS from Queens Baked Ziti hips seems very threatened by Erin and Becky..her reputation precedes her as she is clearly scrambling to maintain her plunging standing among the “other” chicks of CNBC- her repartees with Pissonme are classic no brow banter..sh’es interviewing nerdling newbie Merrill CEO Thain now- judging from his voice I don’t think he wore a cup to work..he ain’t no komansky – now that was a MAN!!!

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