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

Stuck in the Mud

A tepid opening, following a robust showing in pre-market futures. Twitter raised their offering price to the mid-20’s. If the greedy underwriters aren’t careful, they will Facebook this deal and ruin the ipo.

I’m looking for deals; but must admit that I am stuck in the mud of mediocrity. I’ve shed 10% from the highs, now sporting gains of about 50%. There isn’t anything wrong with a +50% gain, per se. However, it is my right, under God, to make more.

Miners and coal stocks continue to show strength, highlighted by WLT, CLF and X. I have no interest in purchasing the shares of companies who specialize in 19th century technologies. “The Fly” is about about hi-tech, chasing down the trends and profiting from it, sans the occasional boat trade.

Nevertheless, the facts on the ground remain: I am in need of respite and have been bleeding out for too long. I am tentative of the market and do not trust the relaxed mood of the market, all the while momentum stocks drown in their own vomit.

There is rotation and then there is distribution. This feels like the latter.

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12 comments

  1. bood

    been a long time i didn’t see such volumes, scary

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  2. bood

    volumes back to normality all of a sudden .
    could be the usual black rock hft algo gone nut

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  3. ripper

    NFLX is a winner. I bought it.

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  4. The Next New Cat Thing
    The Next New Cat Thing

    The PPT score will get into the low 2.4 – high 2.3 range sometime (maybe multiple times) next 3 weeks. That is the buy signal to ride into year end.

    Keep in mind, Thanksgiving is at the latest possible date this year. So Goblox ( the future leader of the turkey rebellion against Wall Street) will arrive later than normal.

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  5. budh

    Steam tech is popular stuff

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  6. charlie

    Pickup some TSLA, old sport.

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  7. one-eighty

    “The Fly” is about about hi-tech, (full Max Headroom)

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  8. rigged game

    The entire concept of Twitter is flawed. How can anybody convey any meaningful information in 140 charatcters or less?

    Except maybe “Twitter SUCKS!”

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  9. matt_bear

    mock it, and the little blue chirping bird will take a dump on your head.

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