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

Stepped In And Bought Some SAAS — Because Mnuchin is Optimistic

These people aren’t going to let me down. Trump wants the market to go up 200% from present levels and has likely taken some index call options out to profit from it.

I bought ESTC and UPLD about an hour or so ago.

I still have DRIP, SOXS, and LABD, and some NUGT, but that is mostly offset by ZEN, UPLD, ESTC, SPLK and a few other positions in my trading. In my Quant, it’s lit AF — now higher by 0.93% for the day, 100% invested long.

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6 comments

  1. semper fidelis
    semper fidelis

    Annotated LABD chart: https://i.imgur.com/kJviWQE.jpg

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    • juice

      he wrote a book about it and talked about his bankruptcies on his teevee show

      apparently old news is new news when for over 2 years, one has hung their hat on failed conspiracy theories

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      • moosh

        Yeah, this is a bot from back to the future – using misleading financial related header so that you click on the link to get decade old recycled political garbarge. Who pays for these trash bots?

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  2. snoozemr

    I’m surprised market reacted so positively to Mnuchin saying talks were constructive. What the fuck else would he say? Dismal failure? I wouldn’t have bought that news but not shorting either. Who knows what bullshit Trump will tweet in the meantime. Staying in dry powder and will wait for the weekend to pass.

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  3. snoozemr

    anyone know what was up with the pipelines today? AMJ, AMLP, MLPI all up 4%.

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