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

*** FULLY INVESTED ***

I bought a fuckload of high beta, scandalous trading stocks today — because we’ve bottomed. Although sour on the SAAS sector last week, today they look perfect, just like Trump’s call to the Ukraine. Because of this, I bought a variety of names. But I also hold onto several that I bought the other day.

I can ramble on about how awesome of a job it is to trade or how I’ve always known this to be the single best talent of mine, even greater than writing good prose. But that would be repetitive, so I won’t bore you with that. What I will tell you is that stocks are good, and do not call the “stonks” you fucking millennial retards. Also, let’s stop pretending technical analysis works — because it doesn’t. What you’re actually doing when examining charts is finding patterns based on human psychology. Look, the kerosene lamp produced light, but electricity did it better. You sifting thru charts, by hand, is stupid and you should be whipped at the gibbet for it. Real men, men of industry and substance, subscribe to Exodus to automate this process.

On this issue of Exodus 2.0, we are coming along. It is a very hard and arduous task to build a world class piece of software that will defecate on all others. We are perfectionist and I will ensure the launch will be nothing less than stellar.

Stocks are up. Spirits are high. Le Fly is fully invested.

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30 comments

  1. numbersgame

    That’s too bad, because the market is going to go into crash mode tomorrow. It was at the edge, and AMZN will push it over.

    “Markets don’t bottom on a Friday”

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    • numbersgame

      Bam – and there goes SPY 300, just like that.

      Bought TVIX at $10.03 to add to the confetti.

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    • Dr. Fly

      STFU

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      • numbersgame

        It’s real hard out there, being a trader, trying to read the tea leaves and sense which direction the winds are blowing. Believe me, I feel your plight. We were down, then up, and now back down again. How does someone, such as yourself, low IQ and also poorly equipped to compete, deal with these pangs.

        CUT LOSSES QUICKLY. STOP THINKING YOU’RE SPECIAL.

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        • heckler

          Don’t get too testy Fly changed his Avatar (although it still appear to be a male nurse with a gun). Anyway last time he did that his shit BTFO.

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        • it is showtime

          The winds are controlled.
          The tea leaves are -display- -only-

          once command and control games factored
          I know you are zh educated but seriously??????:
          Fed Injects $134BN In Liquidity, Term Repo Oversubscribed

          “If the funding shortage was getting better, none of this would be happening”
          “stock and bond markets ‘ ‘ shrugged ‘ ‘ off the biggest Fed liquidity injection yet”

          Market reactions to earnings have been made more nebulous with the swarm of t/a algos buybacks pomos and infusion avenues in this era

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        • ferd

          Let me explain. You’re trying to assume Fly’s shtick. But there’s only room for one such persona …and Fly pays the rent and has a track record here. Also, he has replaced his scatter gun with a silenced pistol …just for you?

          And BTW, you’re wrong about technical analysis.

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          • metalleg

            It’s “schtick”

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          • ferd

            It can be spelled either way, but my spelling was the proper one.

            This isn’t France and real Americans don’t waste consonants.

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  2. numbersgame

    “Also, let’s stop pretending technical analysis works — because it doesn’t. What you’re actually doing when examining charts is finding patterns based on human psychology”

    ***Short-term*** technical analysis works **because** it reflects human psychology.

    This is why using it on a long-term cahrt doesn’t work, becuase the macroeconmic conditiosn are so different, the human reactions will be too. Not to mention that a 30-yr old will react to the market differntly when they are 50, and a 40-yr old that has seen two giant market crashes will ract differntly than a 30yr old that has seen one continuousa 10 year bull amrket or a 60 yr old that has seen falling interst rates their whole workign life.

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  3. it is showtime

    No fees makes it real easy to reset … & … add to… SOXS fedfuckers
    To maintain allocations. And allotments.
    and TECS
    oh and LABD

    I’m Fully Invested
    see my finger fedfucks

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  4. WrongView

    Well, I followed you deeply into high beta stocks. Now I’m toast. Back to driving a hack, I suppose.

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    • numbersgame

      All bravado aside, it’s not all bad news. INTC is responding positively.

      Still, AMZN is 4x bigger and their implied view of cpnsumer retail holiday spenidng (“Operating income is expected to be between $1.2 billion and $2.9 billion, compared with $3.8 billion in fourth quarter 2018.”) can’t be good for anyone.

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  5. earthman

    Bro. Fully invested in high beta? I’m balls deep invested in gold/silver and miners at these levels

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  6. MSGT HARTMAN

    +38.24 % YTD

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  7. WrongView

    43.267% YTD

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  8. numbersgame

    This is rich: https://seekingalpha.com/news/3509636-amazon-analyst-round-buy-dip

    Seems like a despearate attmept to save AMZN and the market. My Technical Analysis, says AMZN doesn’t get past 1750 for ata least a few weeks ***at best***, but will probbaly hit $1600

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    • numbersgame

      “We’ll take the trade-off of lighter profits for higher revenue – Amazon’s earned it.”
      On a stock with a PE of 70+? Really?

      “Amazon beat the firm’s Q3 revenue and operating income estimates, but missed on the Q4 revenue and operating income guidance. Mahaney: ” We put more weight on the first.’ ”
      Of course, who *doesn’t* put more faith in the past rather than the fuure guidance?

      “Goldman and Jefferies are of a similar mind, with both noting that Q3 tends to be shaky for The House of Bezos”
      The problem is that Q3 wasn’t nearly as awful as Q4 guidance

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      • heckler

        Did you take a loss on that TVIX yet?

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        • numbersgame

          Not yet, I want to see how the market behaves around 3pm. Still trying to decide waht to do abotu AMZN.

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        • numbersgame

          Nov VIX futures are at 15.65, whilte they were at 17 last week. Of course, VIX itself is also lower, but all the same I rather be long when VIX is at 13, and futures at 15.5, then VIX at 15, and VIX futures at 17.

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    • numbersgame

      Wow. so there’s $1750.

      I’ll also remind faithful readers that despite all the analyst tap-dancing about, not only was Q3 and Q4 income/cash flow both misses, but Q4 **top-line revenue** guidance is also a big miss. Try as you might, there is no good explanation for that. Which of course is why analyst ignored this. Increasing expenses is one thing, but lower sales is a whole differnt ballgame,

      So earnings don’t matter at all?

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      • heckler

        They want a market break out man don’t paddle against the current- we are like a couple ticks away from ATH

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        • numbersgame

          Yup, I see that. Do you know the date of the last intraday ATH of SPY?

          Sep 19 – check a chart for the next few days moves

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        • alty

          It’s that darn herd mentality.

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          • numbersgame

            What’s interesting: most people don’t trust analysts and don’t trust politicians, yet analysts ratings consistently push up stock prices (it took 5 of them to hold up AMZN today) and incumbants consistenly get re-elected

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      • ferd

        Math is so last century.

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