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
19,700 Blog Posts

Allocated into the Bell — New Fucking Highs Dead Ahead

My opinions change with the winds of the market. One second I am foaming by the mouth bearish, working with the Grande Druid lodge on rituals to profit from the coming storm, the next minute I’m bullish and decanting a 1st growth Bordeaux.

Try to keep up in this wacky world of high finance, where the men are men and the women are men and we all make big ball’d decisions to cut each other’s necks and bleed out thy neighbors for sport.

With zeal, I approach this market like anything else, extreme verve and vim — brimming with excitement to outdo everyone else. With that being said, I stepped into the foray today and allocated on the long side, all available cash — easy come, easy go.

All 4 purchases have been designated as overnight picks, which commands that I sell tomorrow, no matter the outcome. This is my life, my prison, toiling for the masses on a grande stage, performing magic tricks of graceful eloquence so that you, the unwashed reader pleb, could profit and perhaps escape a life of extreme moribund par-ness. Might I add, “The Fly” is a master writer and is able to carry on, somewhat effortlessly, weaving thru the King’s English with an estimable temerity, wooing scores into my ranks — both loyal and devoted cult members of the iBC brand.

My last 15 trades, all varying in degrees of success and failure. Set backs and drawdowns are, of course, common elements, and naturally, part of this game. We limit our exposure to the losers by cutting them off post haste.

TWLO +0.26%
MUX +16.1%
BBBY +1.5%
FSLY +7.1%
RGLD +6.3%
AUY +15.9%
(CRWD -6.9%)
MDB +1.4%
MTCH +2.8%
MU +1.8%
(EDU -0.7%)
DRIP +5.8%
EXK +16.5%
(IQ -4.3%)
(DRIP -6.3%)

I’ll be sure to let you know how today’s EOD trades faired tomorrow. Or, you can cease from being a miser and join the League of Gentlemen and Jungle at Exodus. Your call.

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4 comments

  1. ferd

    /ZB …TLT look like they are rolling over on the daily chart.

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  2. it is showtime

    To repeat since NO ONE ELSE ANYWHERE is noting

    The inverting curve was–a–sole–offshoot–of–the–fed–cut.
    Bonds were–not–flashing–the–sign
    with 10s2s in firm range for–over–a–year.
    and, the cut was, …already expected…, by, the market

    then–a media week of recession headlines.
    Leaning–to that of a pushed story. arguably induced causation.

    (maybe the fed was parroting trump but) I believe the outcome had intention or planning. With the media run, an abnormal expected cut. less. organic.

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  3. bennyhill

    Fly thanks for the good advice over the summer. I hedged up with 20% across gld and gdx, killer hedge.

    You’re still a redneck now though.

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  4. heckler

    Did you guys see Trump’s hurricane map? Maybe bc i work for NOAA but I’ve been laughing all afternoon. This is the best thing he’s done if you ask me! MAGA

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