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
23,460 Blog Posts

ROBOTIC LEADERSHIP

I’ve purposely abstained from throwing money into this market, despite mid-day weakness, due to robots in the balance. None of this mid-day shit means anything when all of the HFT algorithms activate at 3:00pm. Remember something, cold clam fucker, I am in an excellent position to play this market, with regards to my large cash position.

Personally, from the beginning of my TZA venture, I reserved coin to buy at these levels. Therefore, now that these low levels have been reached, I should not bitch and moan about it. Trust me when I tell you, I am not distracted. It’s always hard, timing tops and bottoms. I do it better than most; but it’s never easy.

Off to see about a sandwich. See you at 3.

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28 comments

  1. Real Texan

    I’m first. I also hold TZA, and am hoping to get a bounce this afternoon. Reversion to the mean in progress.

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  2. TheV.King

    Throw money at it…

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  3. Just Saying

    Just know the fly is to tough to get his feelings hurt, he’s all business.

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  4. Prospectus

    The bear case makes the most sense to me right now. That’s why I think we still go higher. Costanza owns us all

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  5. Trading_Nymph

    Actually the bots start before 3pm…we have what I call the “cramer pop” that is a “testing” everyday around 2:35ish, the Flash Crash was just that…

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  6. The_Real_Hmmm

    Booked DSW, MIR, and TIE profits. Added to SEED and GEF longs and shorted SLE. Itching to get back into STU short (still hold a small position in it). Those student loan fuckers are starting to get media exposure but I’m not sure why else so many people are covering. Blame it on “market conditions” if you must.

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  7. ToddinFL

    “Off to see about a sandwich. ”

    Looks like this guy in the video could be a bear given the way he was acting.

    From the article: “”I went home and had a ham sandwich …”

    http://bit.ly/dwg2lT

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  8. YaBollox

    You can never tell what the bots will do.

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  9. TraderCaddy

    I am off to hide the remote to the main TV since my wife will probably want to watch The Housewives of (pick the city) and I will want to watch the Rays v Yankees (Price v Sabathia).

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    • Sir Doorjammer

      You, Sir, are married to a doorknob. Welcome to the club.

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      • TraderCaddy

        I blame my son.
        If he was still home we would out vote my wife on all of the shows 2-1 (assuming my daughter is still in NYC).
        I have seen more 1994 US Am Golf Championship reruns in my life that I care to discuss.

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    • Largebill

      Don’t want to ruin it for ya, but Sabathia and Price both pitched great. Neither factored in the decision.

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  10. buylo

    Whatcha’ gonna do, when the S&P comes after you?

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  11. FIG

    The robots will bury your TZA position into the close. And they are not done yet. I think we continue our march toward 1150 on the S&P. Tomorrow will be yet another up day, as will Wednesday, Thursday, and Friday.

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  12. Rand

    Ham and cheese on rye for me please.

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  13. FIG

    DOW up 40 tomorrow. Bank on it.

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  14. HAL9000

    Pesky humans

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  15. ruggyup

    Remember? Last week I told you the Redskins would beat the Cowpokers. Not maybe, might, should, could, or, have a chance but, a full position taken. Grill my ham and cheese please.

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  16. Weezy

    Finally the busslish Falling Axe pattern has formed on the DJIA. We are now heading towards DOW 36K. My target for TZA is 1.96

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    • FIG

      TZA is definitely headed for all-time lows. Should happen this week, considering there are no sellers in the market right now.

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  17. Bullish

    ATTN ALL EARTHLINGS:

    This is CP3O… We must trade higher before we can trade lower

    The Rise of the Machines is at hand

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  18. Dayman

    Today is painful. I hate seeing my account red on green days. VXX/TWM: the ambiguously gay duo.

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  19. FIG

    The one bright spot today for the bears is that the VIX actually went positive today for a short period of time. I dont believe that will mean a thing when tomorrow we go up another 40 points on the DOW however. This market will continue to defy gravity for a long while now.

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  20. alphadawgg

    Irrational markets, so look out above.

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