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
23,439 Blog Posts

KILLING IT

I have 5% of my assets getting manhandled via EXH short. I kicked out my VXX hedge when it was +.50 and I sold out of RENN for a 10% loss, thanks to the art of Chinese fraud.

Everything else is absolutely killing it, from GSVC to EXK to AG to CIEN to NFLX. That’s right, NFLX is now my second largest position, long from $80 and I doubled up my position today when it was +.55. In other words, all of my RENN losses, AND MORE, have been made back. All thanks and praise go to the stock Gods. Without them, Senor Tropicana would be playing shuffleboard somewhere in Brooklyn, killing people for sport.

My other Chinese burrito, BORN, is lifting today. But I have little to no faith in Chinese baiju.

I know this market doesn’t make any sense to you. You read the headlines and become confounded by the inverse price action to logic. However, there is a small group of investors out there, cloaked by the secrecy of shadows who knew this rally was coming and will know when it is time to fade it, all supported by the irrefutable laws of mathematics and science of course.

“The Fly” SHOMPS inside The PPT, as it is his burden and task to manage money on an elite level, day in and day out.

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18 comments

  1. The Equalizer

    FIG.

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  2. 4fl3x

    Speaking of China, have you ever looked into FEED.

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    • Don't feed me tilapia food
      Don't feed me tilapia food

      Do you know what they feed to chinese tilapia?
      chicken poop.
      Cages are above water level where tilapia feast on their sheet.
      Need I say more about feed?
      I thought so

      I learned at Bio2010.

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  3. TeahouseOnTheTracks
    TeahouseOnTheTracks

    What happened to that loud mouth, VegasTrader?

    Was he banned or just prepping for another margin call?

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  4. flyaway18

    We have the bond ETFs filling gaps today. Really, we just need some stability and I think this market can go higher.

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  5. uncle har

    Proper thing, Hot G-Papa backing down.

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  6. twofingersneak

    if ES holds 1255 we are diving headfirst straight to hell

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    • flyaway18

      What is your thesis behind that call? I could see a pullback but not sure of a vertical dive to Hades

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      • TeahouseOnTheTracks
        TeahouseOnTheTracks

        Looks more and more like my wave guy was right … this looks like WaveC to new highs until the bear resumes post Santa Claus rally if we last that long.

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        • Bravo

          I noticed that. Good stuff…..

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        • Bobby Boucher

          Yep. Safest to assume that any dips between now and mid-December will be bought. By then sentiment will be bullish enough that the market will be ripe for a correction. A new uptrend after that correction is my thesis rather than resumption of the downtrend. We shall see.

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  7. Ed

    bought NFLX Call Leaps last week.. you are a god

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  8. Lesley Wexler

    how did you miss SAM?

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