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
23,443 Blog Posts

Too Late, Dipshit

If you missed this run, due to it “not feeling right,” it is too late to chase the market here. Although we could run another 1-2% higher from current levels, the risk-reward is no longer one sided. “The Fly” is only interested in high probability trades.

Having said that, I am interested in booking profits on recent longs, but not today. I endeavor to do so sometime tomorrow, or when The PPT flags OVERBOUGHT.

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8 comments

  1. GETGroup

    FiG

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  2. dumas

    Just when I think I’ve laughed once at all the material fly has, he does it again with this post. Funny sir. Very funny.

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  3. Bubbles

    Thank you for that good sir.

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  4. SteveTheNeighbor
    SteveTheNeighbor

    Please ask your illegal Mexican gardeners from peeing on Mrs. Steve’s impatiens. Thanks.

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  5. jimmie

    fuck man this otb pleb went home with a thousand shares of POT last night.

    i’m going to saratoga tomorrow bitches!

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    • GSTradeBot

      Forget Saratoga.
      Get some puts and shorts here for a waterfall decline into the close.
      Go for it.

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  6. Real Texan

    this market will run at least thru Thursday after the huge sell-off of the past 4 days. All indicators are still extremely oversold.

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