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
19,895 Blog Posts

Long Drugs in Size Into Thanksgiving

I’m talking a lot of shit here — because I’m in the process of taking some big dicked trades now — betting on a continuation of the hypo-rally in biotech. That’s right, big ball’d run happening now and you’d be remiss to ignore it.

Dozens of drug stocks are up double digits the past week. Why? Because the biotechs are the ultimate black box trade — the ephemeral dream that doesn’t require annoying earnings or even revenues. It is the American dream personified — the concept and the idealism wrapped up into a security to be trades by spoiled investors looking to press the envelope into the New Year’s.

Do you understand what you’re getting into?

Buying biotechs here is no different from taking a spin on the roulette wheel. Either way you slice it, 666 is the bottom line. Do not follow me into these trades if you value money. Since I’ve always been fortunate enough to make a lot of it, I have little regard for it in my trading account and it is because of this carelessness that I am emboldened to take big risks when the occasion arises.

Higher prices ahead. Fuck off.

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13 comments

  1. jacked rabbit

    “Do not follow me into these trades if you value money.”

    Indeud.

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  2. it is showtime

    I knew biotech was one of their tethered manipulation sectors by 2014
    Pulling it out the last couple weeks!

    (oh, no, maybe it’s just investors and institutions all realizing biotech
    is really hot in the 2 weeks before Tday)

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    • bankindamonkey

      you can’t be a real person…you knew since 2014? and did what with that info?

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      • it is showtime

        Was pretty clear,
        To an observer

        Just reminding ‘them’
        If ‘they’ happen to be
        stopping by and
        reading this,
        That the moves the
        last couple weeks
        affirm again:

        that overview

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      • numbersgame

        “Because the biotechs are the ultimate black box trade — the ephemeral dream that doesn’t require annoying earnings or even revenues”

        This is the key. Stocks liek these, Wall St can price at whatever they want. Sure, they can take it to the moon – but they can also dump it. Take a look at the IBB chart. You buying that in September?

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      • numbersgame

        “Because the biotechs are the ultimate black box trade — the ephemeral dream that doesn’t require annoying earnings or even revenues”

        This is the key. Stocks like these, Wall St can price at whatever they want. Sure, they can take it to the moon – but they can also dump it. Take a look at the IBB chart. You buying that in September?

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  3. maxx2000

    Thank you Mr Bloomberg for giving XLV the biggest dick boner ever. Better than Viagra. This thing won’t go down in 4 hours.

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    • ferd

      Yup. That’s likely it. I figure that many in the deep state and on wall street are fairly confident that they can install him. They’ve given up on Biden, and they figure that the voters, especially in the general, won’t go for their focus-grouped whores …like Buttigieg, Harris, Klob…

      Importantly, Bloomberg is cool with the post-9/11 wars …despite being both smart and well-positioned to have known about the lies from the get go. And MSM intelligentsia love him. What’s not to like?

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      • it is showtime

        I believe Biden ran, Partly to say Trump is digging in Ukraine just to takedown or taint a political rival. (Biden)
        There was a report that Obama said “Joe, you don’t have to do this” about Biden running. That’s odd phrasing.
        It suggests to me, a less organic less unadulterated reason for running, in congruence with knowledge that:

        UKRAINE BULLSHIT WAS ALL OVER THE PLACE RELATING TO THE BIDENS AS SOME OF US HAVE KINDA KNOWN AWHILE LOL
        AND RUNNING. BECOMES A SHIELD OF SORTS. LOLOL.

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    • numbersgame

      Bloomberg’s “I hard a hard middle-calss life just like you” shctick is BS. He’s self-made, but that’s about as far as that goes.

      He say his father never earned more than $6000 when he was growing up. He’s old. His father was an accountant earnings the equivalent of $80k. He went to John Hopkins, then staright into Harvard as soon as he graduated, then went straight to Wall Street where’s he’s been for 50 years.

      Socially, he’s a Democrat. However, the whole reason he got in was because he didn’t want Warren or Sanders reigning in Wall St. Definitely not a populist, so can’t see him getting anywhere. Sicne he is skipping NH and Iowa, his plan seem to be betting on a brokered convention (assuming nobody get 50% of delegates)

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  4. braveflaps

    A post in the classical style.

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