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
23,419 Blog Posts

TECH WRECK: Wall Street’s Favorites Fall Victim to Overzealous Sellers

I hate zelots. They’re always the first on line and the last to leave. Now we have total and complete assholes bogging down the tech sector, shorting it because they can — applying pressure to a seasonally susceptible sector that has gone haywire to the upside.

At the end of the day, all I really care about is whatever the fuck FIZZ and XIV are doing. By my last quotes, they’re doing just fine. I should not expect to enjoy any glamorous gains, however, having bought at the top of the range. To protect my downside, I’ll need to sell out of some of these fuckers quick and perhaps short something.

Or perhaps not, fucked face. Perhaps it is my manifest destiny to see this one out, to fully appreciate the grandeur of my genius. Maybe I’ll be believe in that and jog on into the sunset, naked, in tow with my goats.

Shorting the banks is a meaningless endeavor. Perhaps I should just short the god damned semiconductors — everyone’s favorite sector. Pardon my sardonic tone, as I’m currently plagued by a fucking cough that interrupts me every 10 seconds.

Here are today’s tech standouts, to the downside.

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4 comments

  1. the dude

    Tech just a blowoff of overbuying. Sit it out. Tech is no longer a sector of the economy. It is the economy.

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  2. og

    NFLX on its way to ATH.

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  3. dmfracer

    Take the xiv profits and don’t look back, until the next dip

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