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
23,426 Blog Posts

EATING MEAT NOW

Listen to me.

Oil is lighting shorts on fire. Oil stocks have bottomed. HYG is flat and will go green. Utes and REITs are getting REKT. I’m still long DRV.

Listen to me.

We are on the cusp of a furious rally.

I bought the following, in addition to an earlier purchase of GUSH in the $7.50s.

OSTK, CLF, CC, HUBS and SLCA.

My cash is down to 15%, which will be used if we get going from here.

UPDATE: I booked gain in GUSH, 11% 1 hr return.

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7 comments

  1. speerothekid

    Eh, let’s wait a couple hours. Maybe a few days.

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  2. ferd

    Lightened-up a bit on silver and miners here as initial target hit.

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  3. jbandy

    You think this very flaccid bounce portends a furious rally? Its just a bunch of idiot “value” buyers thinking they are smart putting money to work in the truly beaten down sectors. They will get railroaded soon enough. New Year doesn’t mean new market. Nothing has changed from last week and the last few months.

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