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
18,705 Blog Posts

*** MARKETS DO NOT BOTTOM ON FRIDAYS ***

You stupid fucking shits. I told you not to buy stocks yesterday. But you knew more. You were better than me, the Space Alien Magician (SAM) — the guy in the fucking time machine zipping thru space while your fat faces sleep.

I sold my TZA — because small caps are strong. But I bought more SOXS — making it a 3x position, or 15% of my trading account. This is my maximum allocation and I do so because I know we’re heading lower.

Markets do not bottom on Fridays, lads.

Come join me in the Capstone Programme, the boot camp to end all other boot camps. I will teach you what you need to be told.

PS: FUCK LEON COOPERMAN

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6 comments

  1. bronze28

    not so fast FLY; remember yesterday when it fought back;

    REMEMBER THE ALAMO!!

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    • numbersgame

      Nope, market is dead today. Already witched to net short.

      AMZN seems relatively unscathed, and a ripe target due to Millenials that think good comapny = good stock and valuation doesn’t matter. This is a $1200 stock **at best**, only due to their cloud group. Their much-vaunted internet sales division has margins that are so low, they teeter on losses.

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    • numbersgame

      Reasoning: unlike yesterday, their is no leadership this mornig, no resistance to the waterfall

      You think the Energy sector (ie, inflation -> FED raises faster) or the Utilities (D-fence, D-fence!) can save the market?

      The Alamo: an undermatched group of fighters was swamped by an overwhelming force

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    • Dr. Fly

      STFU

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  2. WrongView

    Meh.

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  3. roundwego

    Fly you say this is a bear market yet your selling your shorts before making profit. If you held all your shorts for the last month and traded as you did your long. You be crazy way ahead.

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