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
19,618 Blog Posts

Markets Blown the Fuck Out — Happy Thanks-Fucking-Giving

Give me your fucking stocks, I’m throwing them away. Unfortunately, I was out this morning and could not opine on this lovely market. I had a few hedges, one in SOXS because of white candles that never fail. I just sold it for a 5% gain.

Aside from NUGT and TMF — everything is directly in the shitter.

It just so happens, I was 95% long heading into today. I know that sounds wild and crazy, but I had some hedges and I really didn’t think the market would crash. I WAS WRONG. So now my options are simple: sell everything and wait, or wait and risk burning in the fires.

Tech is getting hit the hardest, down more than 5% today.

FAANG itself is lower by more than 4%.

Since I just was able to sit down and asses the situation, I’m gonna have a nice look at things for 30mins over some coffee, chill the fuck out, and then react.

See you in about an hour, or much sooner in Exodus.

If you enjoy the content at iBankCoin, please follow us on Twitter

4 comments

  1. acehood

    Sell sell sell!!!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. og

    We need a China pump.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. tha pirate

    I may have to head over to the Tropicana and see if I can get a bridge loan from ‘Mo Greene’

    • 2
    • 0
    • 0 Deem this to be "Fake News"
  4. irma vep

    $TGT is a big ouchy-wouchy for me. I was too early.

    • 0
    • 0
    • 0 Deem this to be "Fake News"