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
23,473 Blog Posts

Downside Reversal Coming

I was up 3.5% earlier in the day. It had the feeling of excess. I knew it was a good time to go to cash, but I’m invested, emotionally, into a belief system. You know what happens when you invest with your heart? You get a heart attack.

I’m barely up now, just +0.2%, as GOGO limps into the bell.

That’s life. I started with a box chevy, so this is nothing.

We’re going higher, but we’re probably going down first.

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5 comments

  1. flyaway17

    I’ve been buying a bit of Apple the past two days and that’s about it. PAMT hit hard today, just watching it and UNXL bounced at the same support it always does. I’m betting with your downward reversal call it will go lower and I’ll get a chance to buy it back. I’m back to work with school starting so not doign too much trading, although LULU could get interesting again.

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  2. metalleg

    “You know what happens when you invest with your heart? You get a heart attack.”

    I kindly request permission to re-use this line.

    Thank you in advance for your consideration.

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  3. budh

    I pickled off some of my riskier positions into the close, it was feeling a little shaky.

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  4. cryptic

    I started with nothing and I still got most of it.

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  5. mr.partridge

    twiter files for IPO

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