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

PEAK DEGENERACY

If you’re not paying attention to the subtle under-currents of the market, we are in the midst of extreme risk taking in sub-culture stocks. These aren’t even real companies — but shells of companies domiciled inside communist countries without audits. People are chasing them, playing the game, for profit.

Rule #1 when playing them.

Sell fast.

Rule #2.

Never believe these stocks to be anything more than a quick trade.

Sometimes the trade goes sideways and you get fucked. This is life. Get over it. I am taking a diversified approach to peak degeneracy and intend to roll into tomorrow with a full fist of rage, filled with these names. I can do this because I am partly hedged by TZA and TVIX. Should the wheels fall off this bitch, I have a fluffy pillow to fall back on.

If you’re playing some of these names and want the action, GET IN Exodus for the real time commentary and hive-mind group think.

I’ll be adding 2 or 3 more names by the close.

 

NOTE: I bought GPRE.

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6 comments

  1. edge

    Peak degeneracy…no wonder I feel so comfortable.

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  2. numbersgame

    Fly, you’re playing a game vastly unsuited for most of your followers…

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