I booked the SOXL trade from two days ago, for an outrageous +25% return. Since this was a 10% position, I am pleased with the result, more than you know.
With the proceeds, I stepped in and bought GUSH, another 10% position. The idea here is higher prices and a seasonable ebb in the oil trade — turning up into the winter months. Of course I won’t hold it for longer than a week — but this is what I say to myself to justify the trade.
I believe markets will trade up strongly tomorrow, once again relegating the bears to the shit-heap of history. However, I’m a seller on an opening spike tomorrow.
Good job for those who made it through the meat grinder. The most important thing during sell offs is to survive and be confident enough to buy the blood. I did so with vigor and tenacity and have, once again, solidified myself as the great living stock trader, possibly the best finance blogger-trader in the history of the world.
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Nice
AAPL disappoints – bears regrow dicks
Correction “grow little dickies”.
Also, I ran some numbers.
From AAPL 2019 Q1 forecast:
– revenue between $89 billion and $93 billion
– gross margin between 38 percent and 38.5 percent
– operating expenses between $8.7 billion and $8.8 billion
– other income/(expense) of $300 million
This works out to net income between $25.3B and $27.4B. Not bad at all. However, in Q1 2018, AAPL net income was $27.0B. This means that best case, AAPL is forecasting a 1.4% increase in net income, while worst case is a 6.3% **decline*. Merry Christmas.
I made the rare decision of shorting a stock in the AH ($208.8), assumming that most traders are not good at Math and haven’t fully factored in what APPL is saying.
One small correction, the numbers above are EBITA comparisons, not net income (including the Q1 2018 number)..
neither exxon or chevron are included in GUSH but both report premarket tomorrow
Man, I just wasted 10 minutes watching Mad Money for the first time in several years. Cramer was going on about how terreible the ISM Purcahsing Manager’s reports was so the FED wouls’t raise rates: yay! That is some tail-wagging-the-dog-BS.
If/When the FED stops raising rates, that means they think a recession is bearing down on us. Be careful what you wish for.
********
In other news, AAPL has decide they aren’t reporting unit sales anymore. This is what is known as a canary-in-the-coal-mine. After being a fan for a long time, I would not touch AAPL stock until the next earnings call at the earliest.
The King is Dead, the Market will Follow. QQQ is already below 170 in the aftermarket. My money is on QQQ 155 before 178. Batten down the hatches! Dive, dive, dive!
Peak earnings.
Sell.
Haha: Crack 2 has occurred, The 2nd market crack in 8 months,
Bears are just getting started, How much more degradation until final blow.
AND FUCK
APPAL!
ifuck apple will lead the next wave diwn.
Nice gain on a triple etf with a rational entry!
Now, sadly, an irrational entry on weak bounce in oil producers while the commodity itself broke down despite the dollar turn. Classic Fly …hubris-fueled give back.