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

SHHHH, IT’S VIX SEASON

Your IRA account is now at zero. That UVXY trade that you kept adding to will now define your headstone.

“HERE LIES THE FUCKHEAD WHO THOUGHT IT WAS A GOOD IDEA TO BUY VIX INSTRUMENT PRODUCTS…INTO THE HOLE.”

For the day, I am up 3.7%. Catch my vapors, son–because you’re never gonna get the chance to touch me again.

Top Picks: TRN, ANET, FMSA, MBLY

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18 comments

  1. prometheus

    Not using this opportunity to sell TRN? What’s your take on Oil and especially natty at this time?

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  2. zuul

    The market never let me back in. At least I caught a piece of it… from the lows through Friday. That’s an expensive two day miss.

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    • zuul

      Shorting bonds and getting long oil to take part. Both lagging if spoos are right. Spoos better be right.

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  3. danny1980

    Lmao

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  4. berniecornfeld

    You need to add a guillotine to the front page https://nicedeb.files.wordpress.com/2011/06/gm11060920110609033208.jpg

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  5. it is showtime

    MELA

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  6. duckkell

    BALT..

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  7. pirate

    Wabbit season!

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  8. the profit

    So what’s the plan now? Do you still think things will go horrifically wrong Wed?

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  9. it is showtime

    IBM

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  10. pirate

    Maybe this is how the Vix traders feel rt now – like Nucky in this ‘trade’ from Boardwalk Empire:

    https://www.youtube.com/watch?v=YQAGi524ILM

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  11. traderconfessions
    traderconfessions

    Enough with the UVXY.. we get your point..again.

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  12. christiangustafson
    christiangustafson

    UVXY is the bees’ knees … as long as you know what you are doing. You have got to be insane to chase with this thing.

    The lower daily Bollinger for UVXY is down at $20. Sounds about right.

    A few bear photos…
    http://deflationland.blogspot.com/2014/10/squeeeeeze.html

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