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
22,162 Blog Posts

Elevator Down

Being heavily short, I’d like to celebrate today’s decline by kicking some old dude down and idle manhole. But I won’t.

For the most part, my short positions are at or near cost basis, disabling “The Fly” from participating in egregious unwarranted celebratory actions.

On the day, thus far, I’m up a yatch full of coin, as [[SKF]], [[SMN]] and [[SRS]] print higher. Also, it looks as if Mother Lehman is finally about to die.

Long story short, we are in a tight trading range. with a downward bias. Anticipate, over the next two weeks, many 10-k’s to be filed, with all sorts of market jarring disclosures.

Top pick: SRS

If you enjoy the content at iBankCoin, please follow us on Twitter

7 comments

  1. jeff

    You still like SMN, I am trapped in that bitch at approximately 45.34. Fuck, lots of cash to be made if I would follow the buy many times rule.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. The Birdman

    Maxi pad polar snowshoes cannot stay away from $120. No matter how hard people try.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Juice

    PPT will be out in force Monday am … just got the bulletin

    they have informed me that they will attempt to keep the market above support but they will fail, & to short into any egregious Monday poppage

    thankyou, you may return to your regularly scheduled bear market program

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. JakeGint

    It’s Friday, I’m short, and relatively happy today (for me), so I’m going to attempt to be Q4 with a bizarre musical offering:

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. larry

    Alias: BPOE

    I love this market! It’s the old WILD WILD WEST. Traders market 101. I heard Jesse Livermore even made a few trades. Shorts of course.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Warning

    Echo on the careful by fly. We may not rally hard but will close above 12420. If so longs are still good. If not, then time to reconsider.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. darksama

    My boyfriend spends too much time on websites like this. I hate all those sources! They must be abandoned!

    • 0
    • 0
    • 0 Deem this to be "Fake News"