I reduced my exposure to equities today, while sneering at my screen filled with amateurs patting each others on the cocks for making successful short sales. It truly is something to behold when you’ve been defeated in an arm wrestle by men with 5 inch biceps.
This whole GPRO trade, one in which I declared I was cursed with, turned out to be an unmitigated disaster. The funniest part of my day is reading the predictability in the stock. It always opens higher and then always punches itself in the scrotum, falling all the day long. The one thing that kept me wholly long, from $68 to $85 back down to $57 is the fact that oil has traded lower. The thesis is lower fuel expenses equals greater retails sales. Unbeknowst to me, GPRO tethered to the price of oil, denominated in rubles!
Some of these people banking coin in GPRO are complaining about its share price ‘being propped up’ by underwriters and pondered if an SEC investigation was in order because of it.
What the fuck? Fuck my life, losing to these bedraggled microbes.
I markedly reduced my GPRO, YELP, BTU and FMSA positions.
While I may one day be proven correct and these stocks lift much, much higher, it is necessary for me to reduce my beta in order to save my life.
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Creator sold half his shares along with his pops. If that doesn’t say.. I don’t believe in the future of this bulky camera. He’s just another Steve Madden.
My broker did well today. Got stopped out of every stock I bought earlier. But I guess in this market small losses ain’t bad.
You’re taking on too much risk. buy bluechips like HD JNJ BRK.B
Hush up
Do you want Fly to throw you off a cliff?
I was looking to get short gold, otherwise known as sh*t, today. It fell all day and I was unable to do so. This is infuriating to me. I have no position. I will have no position so long as it requires me to sell here. The best case scenario is another gigantic day upwards, as has been the case after days like today. If this happens I will be selling as much as is reasonable for my risk appetite, which is unambiguously large.
I will miss the GPRO trade, it has been a thing of wonderment.
Is it me or does it feel like this market is never going to bounce again?
The jerk offs on stocktwits are the largest microbes I have ever seen! Last Friday they were all talking shit about GoPro, the moment it went up 2% they all disappeared then came back when it started going down!
Do not think it is unique to Stocktwits. It is merely a cross-section of humanity.
Clearly no one foretold about such a crash in oil prices. Just shows that all the talking TV heads are morons.
It was impossible to predict.
Okay, maybe not predict, but not even a discussion about the imminence of a decline? I mean, the price of oil just started to decline and continued unrelentingly, in a very short period of time. Icahn’s comments seem to be right on point, but only retrospectively. Hope this isn’t another credit bubble like 2008, except in oil.
There is a guy named Blue who writes for
this site who did predict such a thing and I laughed him off. Now I want to jump off a cliff
Livefeed for every little boy and girl. Big Brother is jealous
Just like the coordinated interest rate cuts in the past by the Japanese, Chinese and Europeans, we will have a coordinated cut in production by OPEC, and suddenly, just like that, oil be return to $70 – $80 again. Buying the best oil/gas stocks here could reap stellar rewards at these levels.
This has been the worst six weeks of trading. It bleuuoows indeud.
Aw. Only a few percent off the highs. DontworryboutitDontworry.Boutit…
Fuck that Woodman guy.
UP UP AND AWAY
BANNED