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
23,471 Blog Posts

On Edge With the Market All Stupid Again

I sold out of my TC position for a small loss. I have some limit orders in for another stock too. Frankly, retail sales were an abomination. It’s odd, really, since people are rich as hell. Perhaps everyone is out buying Bentleys and Rolex watches, instead the ordinary fare. The fact of the matter is, the market isn’t behaving well and many stocks are elevated to dog brained levels.

I’ll take the upgrade in ANGI. Thank you very much Sir. I will also, gracefully, accept a bounce in TXTR–an abomination of all abominations. Nevertheless, it looks damned good right now.

GOGO is up and BALT is lower. In all, I am bleeding out just a tad, to the tune of 0.7%. I realize it’s a small offering to the Gods. However, those bastards fleeced me for 2.5% yesterday. This whole business of losing money is becoming rather tiresome and I’d rather not do it anymore.

If forced to offer on the spot advice on where you should put money right now, I’d say cash.

UPDATE: I sold out of VEEV.

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8 comments

  1. bood

    $mcig is ramping , electrosigarette fund supported into 2014.

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  2. boston george

    tryna get heavy in drys ova hea

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  3. buy buy baby

    Anyone have a view on FRO no news and keep flying, is dry bulk not the way? is it crude.

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  4. helicopter ben

    Is this the January grind you were referring to that will be followed by a February melt-up and a march top in the markets?

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  5. brian

    Is retail in the shitter here or what?

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  6. sk

    What retail sales data are you guys looking at?

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  7. bood

    babilonian gibberish goin on this table today?

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