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
19,110 Blog Posts

Fly Buys: $NUGT, $DRIP, $SBOT, $CYCC, SELB, $PULM, $TENX

Still interested in gambling, I bought CYCC and SBOT. I know…crazy.

Also, with wage growth at 3.4%, I like gold again. I bought NUGT and to bet against oil — DRIP.

Update: I bought SELB, TENX and PULM too.

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

5 comments

  1. edge

    I’m trying to be patient with my buys but I feel like a kid in a candy store.

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

    More SMH puts, a little NUGT DRIP. The usual suspects.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. numbersgame

    Timing and Setiment is interesting.

    10 weeks up 15-20%
    1 week down -2.5%
    -> feels worse, right?

    This is because the 2800 number got rejected. Imagine if we had actully went down 2 weeks ago -2.5%. Then we’d be near the same level (2733 S&P), but the trend would look much better.

    I’m half out of my UVXY position: 5 days down in a row is quite a bit, even after 10 weeks up. If we turn close down less than -0.50% green, I’ll hold. Given that it’s the weeknd, I don’t think peoepl will want to hold so I think the clsoe will be ugly (in which case I’ll exit my other hlaf)

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. numbersgame

    SBOT has an opening spike on high volume (FLY BUY), then spikes higher, then crashes.

    Shocker

    CYCC has an opening spike on high volume (FLY BUY), spikes higher, then crashes – now a loss on the day

    Another shocker

    I really have to pay more attention to your blog, so I get in on the easy-short money.

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