It’s so fucking warm in NYC today; I feel like going to the beach. Seriously, oil/gas is going lower.
As for [[MVIS]]–
Fuck you; I warned you. Don’t come crying to me, like a little bitch, saying: “it’s another ARWR, iiG or MCHX.” Fuck that. If you bought the stock, alongside me, you are up nicely. I will not elaborate further; except to say that I effectively blew out of all of the above stocks well above where they are now. Moreover, iiG was a 25% profit.
As you know, all of the big banks and brokerages are going belly-up. Take a look at the action in [[SCA]], [[ETFC]], [[CFC]], [[ABK]], [[MBI]], [[MTG]], [[PMI]], [[CCRT]] and [[MS]]. How is this decline in the financials different than the dot com blow up of 2000, price wise?
Furthermore, what happened to the general market after the dot coms were ripped to shreds and why?
Answer those questions accurately and you may be able to make some money this year.
Finally, it’s worth noting, I fucking hate anomalies, such as Chinese stocks. They just won’t go lower. [[FXP]] is getting “mushroom clouded,” thanks to the upward action in [[CHL]].
God willing, soon, it will get its head chopped off too.
For now, making money betting against the financials, via [[SKF]], is like running downhill.If you enjoy the content at iBankCoin, please follow us on Twitter