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
23,474 Blog Posts

Look for a Bounce (UPDATED)

Stocks looks pretty good today, even though my longs look wrong. DQ posted some fucked up results, which is hitting shares of WFR—for some oddball reason.  Most sectors are green and the market looks like it wants to make a small run. I am running some screens and will be adding to some longs shortly.

I sold out of my SCO position, not because I think oil is awesome, but because I believe it will be supported at these levels. It never hurts to book a profit.

Tech stocks is where it’s at, along with the metals (LDSH). If you are interested in a bounce, those are two sectors worth a look. As you know, “The Fly” is very busy these days, leaving little time to blog like the wind. However, do not fear, for his schedule has been “corrected” and his blog will not be abandoned again.

UPDATED: I changed my mind and will not be adding to longs.

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5 comments

  1. drummerboy

    dig motherfucker

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  2. Geoduck

    Nice! My cousin made the big time with her pic on page 1 of ibc.

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  3. Mr. Cain Thaler

    (laughter) Donald Trump is considering a run for President? Let’s just cut to his business experience; has the man actually made any money in the last decade? I was getting the impression that his fortune came from the housing bubble and his other ventures were failing spectacularly.

    Unless it’s his show where he teaches people to make money, that is…

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    • Jakegint

      Seriously, it’s likley not an irrational decision on his point. He saw how the last President got elected on the strength of marketing and PR alone, and he figured “who does dat bettah dan me?”

      Unfortunately, the short fingered vulgarian doesn’t have the Press in his camp like The Messiah did.

      __________

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