Well, to be fair to the discussion, I saw similar things at the bottom in 2009, when soon to be dead bank stocks rose from the dead to eat the brains of short sellers presiding over their corpses.
The squeezes taking place today is a continuation of a rally we’ve seen in the sector for two weeks. But today’s gains are stupendous. I take nothing away from them, other than to warn you they are complete horseshit. Those buying into today’s rally will rue the day their father decided to date mom or vice versa.
Many of these companies will not be solvent by this time next year. Dead cats, apparently, bounce quite high. Impressive!
If you enjoy the content at iBankCoin, please follow us on Twitter
PBR
SN actually claimed a profit. TVIX interestingly stubborn. Najarian body language creepy.
I think you are right Sir Fly and this is the blow-off top happening today right now.
Probably time to sell FCX.
my buddy bought LNCO and SDRL last night. his first 2 trades. he now thinks he is god because I mentioned them.
he has no idea how lucky he is – this is unbelievable, the moves in some of these names
I would RUN FOR THE HILLS, then again I didn’t trade in the 90s or early 2000s so I have no clue
CHK in the green ytd. That’s some crazy chit right there.
Chasing is emotional suicide… waiting for a pullback to buy the real leaders well that is a winning mentality
FCX pullback to 7.64 and hope they keep selling some more assets or sell a royalty stream to bet their Balance sheet on sounder footing……
FLY the move in the miners off the Oct 2000 low… they jumped a 1000%… KGC as an example… The millennials didn’t get to “feel” that experience…..it feels like 2000 all over again not 2009…..