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
19,617 Blog Posts

NO MERCY: DECAPITATION TRADE NOW IN PLAY

I did warn you about something milling in the bushes ahead of the Trump-Xi meeting. Not only that, Trump met with the retard from N. Korea — who is essentially a proxy for China. All of this means for higher stock prices and the complete and total decapitation of the shorts.

The shorts will be killed on the opening tick during tomorrows trade.

Trump said the meeting went as well as it could have, noting: “We are right back on track.” Chinese state-run news outlet Xinhua said the two leaders agreed to “to restart trade consultations between their countries on the basis of equality and mutual respect.”

Trump added the U.S. will ease restrictions on American companies from selling products to Huawei, a giant telecommunications company from China. The U.S. barred companies from selling to Huawei in May, citing national security concerns. The U.S. president also said China would “buy farm product.”

Reversing the Huawei ban could boost chipmaker shares like Skyworks Solutions, Qorvo and Micron Technology, all of which have revenue exposure to Huawei. Skyworks and Micron were both down at least 10% for 2019 through Friday’s close. Qorvo was down 16.9% year to date.

Investors anxiously awaited the meeting between Trump and Xi as they looked for clues on whether the world’s largest economies would resume trade negotiations or if the conflict would be prolonged.

You’d be dumb to bet against this sojourn into depravity. I believe June was the best June since 1938. How can you short stocks when all there is is upside surprises?

That being said, gold is getting hammered too — down 1%. This is reflation 101 and the top performing stocks will be tech, biotech and new IPOs. Got it? Tech, biotech, and new ipos. This means you flip the script on all of that shit you bought two weeks ago, get aggressive, and trust in the future of SAAS again — you fucking faggots.

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32 comments

  1. acehood

    Nope. You sell into this liquidity. August/September going to be a blood bath like yesteryears.

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    • it is showtime

      Can’t wait for Crack 4.

      For shorters to be epitaphed,
      there has to be the belief that
      Crack 4 will never happen.

      Good luck with “that”

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  2. ferd

    Market will have some relief that the world didn’t end over the weekend. But Trump can maneuver more re China and N Korea than he can on mid-east issues …and on Iran.

    What will Trump’s handlers demand of him as the deadline approaches for our European allies to either cow-tow to the warmongers here and in Israel like he has, or to live up to their commitment to the Iran deal. We should never have put our allies in the position where they had to create a mechanism to bypass SWIFT.

    Great, big, beautiful wall of worry.

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    • tha pirate

      Once again ferd worries over his Mullah buddies in Tehran. What’s your thesis ferd? That somehow the JOOOOOOOOOOS are responsible for every decision the President makes? The Iran “deal” was a CATASTROPHE not ONLY for Israel, but for America, and the free world who do not WANT to see your fanatic Ayatollah buddies with a bomb. It was NOT made as a treaty, but as an end run around the US Senate and so the USA owes Iran nothing. The Euro-fags only care about short term profits on Iran trades, but as we see those cucks giving away their own nations to a foreign invasion those folks are pretty irrelevant anyhow. Negotiating with pragmatic rational actors like China (and N Korea is only their proxy) makes SENSE; sending pallets of cash in the billions to Iran, the worlds leading state sponsor of terror was simply FOOLISH.

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      • ferd

        The post was about SWIFT …as this is a financial site.

        Anyway, I’ve got to inform you that not all “Jooos” are warmongers you racist little shit! And Israeli intelligence and military largely support the Iran deal you ignorant Foxtard. But I get it …dummies generalize and follow ..just wish they’d do it quietly.

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        • tha pirate

          Really? SWIFT? No, it was the SAME thesis you have been pushing on this stite for many months. That the ‘Iran Deal’ was somehow a good thing but that it was Israel that was pushing President Trump to refuse to continue it. NOW you are exposed. Once again you attempt in a hidden way to push the same agenda and presume people on this site are too stupid to understand your hints:you said in your latest comment above that there were “warmongers in the US & Israel”
          then you implied that the President has ‘handlers’ who push him to sanction Iran financially … You’re clear as a bell and fool no one. You have repeatedly slammed Israel for months and praised the Iran deal while maligning President Trump for his wise decision to leave it. I love America and Israel and 90% of Israelis as well as MOST of Congress OPPOSED the Iran deal – in fact the Prime Minister of Israel, Netanyahu, even took the unprecedented step of giving a speech to both houses of Congress in an attempt to stop it, The only people who really supported the Iran Obama end-run ‘deal’ with cash delivered on pallets to the most evil regime on earth was the Iranian leadership, those who HATE Israel and those who are so greedy they were willing to profit off doing business with the most dangerous & evil regime on earth.

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          • numbersgame

            Pirate, you don’t seem to understand that *opposing the signing of* the Iran deal and *withdrawing from* the Iran deal are not the same thing. Iran’s funds were unlocked once they signed and abided by the deel. That leverage is now gone.

            What has leaving the Iran deal gotten us?
            1) Iran *openly* wokring back towards nuclear enrichment
            2) The Europeans devising a trading system that bypasses US banks and the US dollar

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        • tha pirate

          Of course, replying with an ad-hominem attack, using the ‘r’ word, are standard far leftist techniques whenever they contend with actual FACTS. Never mind trying to argue that sending pallets of cash to Iran was somehow a ‘good deal’, it is far easier to use name calling, yes? You do occasionally make some insightful observations, why don’t you stick to those and stop attacking President Trump, Israel and the idea of sanctioning one of the most evil regimes on earth in Iran. It is a regime which routinely hangs gays, silences free speech and promises to “annihilate Israel” which it calls the ‘little satan’ as well as shouting ‘death to America’ (who it calls the ‘big satan’)?

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  3. matt_bear

    No love for homies or banks?

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  4. moosh

    Crypto getting caurterized as well… no chinese burrito love before a weekend of hotted dogs, either?

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  5. mad marsupial

    Dow futures surge more than 200 points after Trump and Xi agree to not impose more tariffs:
    https://www.cnbc.com/2019/06/30/dow-futures-surge-220-points-at-the-open-after-trump-and-xi-agree-to-not-impose-more-tariffs.html

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    • it is showtime

      You all? Suck.
      How lobotomized lemming inhabitants
      you have proved yourself,
      allowing obvious
      illusionary
      wool? Over eyes.

      Multiple Expansion Accounted For 90% Of The Historic June Rally

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  6. it is showtime

    Shorters are rather well situated here I would say, in osteogenic concord with Bis, the chieftain fiscal institution of the world,

    – BIS Warns “Slowdown Is Worsening And Spreading” As Central Banks Run Out Of Ammo

    Multiple points of concern could be extrapolated from that heading. Tee it off! The mountaintop of looming exposure and fragility! Shall we!

    https://www.zerohedge.com/news/2019-06-30/bis-warns-slowdown-worsening-and-spreading-central-banks-run-out-ammo
    “The continuation of easy monetary conditions can support the economy, but make normalization more difficult, in particular through the impact on debt and the financial system.”

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  7. fxtradepro

    Coming out of this weekend the opportunities are in Bonds, Bond proxies, Gold, and the Agriculture space. Train is coming down the tracks and it’s closer than you think.

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  8. heckler

    Go ahead and sell sell sell you fucking retards!! Fly decrease the price on your gold embroidered fag barn by $100k because we are gonna shit the bed.
    Have you watched Dylan on Netflix Rolling Thunder Revue yet?
    Bernie and Marianne Williamson 2020 suck my dick

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  9. notdeadyet

    It was predictable that the momentum-chasing algos would open the week masturbating each other over the absolutely nothing that happened in Osaka. But the Trump-Xi non-deal of Nothing will have zero consequences beyond the present day or two of financially homoerotic ejaculations.

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  10. spaceman

    My gold is safe I’ve been up all night and with peace breaking out I get very insecure popping benzos Ameritrade doesn’t let me short overnight I WAS HELPLESS but GLD held 130/131 now I’m exhausted thank God I don’t have a job but sometimes HOPE IS A STRATEGY!

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  11. tha pirate

    Dr. Fly channels his inner ‘talking cigarette’:

    “I Tooooooold Youuuuuuuuuuuuuuuuuuuuuuuuuuuu!!”

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