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
20,622 Blog Posts

I DOVE BACK INTO A RUNAWAY MARKET!

A younger Fly would’ve held his shorts like a fucking moron and ignored the things on the screen, obstinately declaring my positions to be correct and the prices wrong. None of that shit matters, quite honestly. You can still see the world burn and you can still see $TSLA collapse, but why go against the grain to see those things happen?

I stepped in and allocated some funds, preserving 40% cash for average ins. I am leaning into SAAS and other tech names because they’re easy to trade and they correlate well with the broader markets.

I also bought some TSLA puts, merely for fun. I don’t think the stock is ready to collapse, but make no mistake — THIS IS BITCOIN 20k.

Ask me if I care about the money I invested in the puts. Ask me. Go ahead.

Fuck off.

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10 comments

  1. og

    Got lucky and sold all my TSLA at $967. Damn thing was trending on Twitter today because of all the mania.

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  2. it is showtime

    “Baby Boomers Paid A 6.6x PE For The S&P In 1982. Millennials Have To Pay 31x”
    zerohedge.com/markets/baby-boomers-paid-66x-pe-sp-1982-millennials-have-pay-31x

    Wall st proving,
    it was,

    and always is,

    BoomBUST

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  3. natehois

    Like valuations matter anymore

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    • acehood

      You valuationFAGS never considered what low rates do to your models. Markets top when you do, but that’s years away.

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      • it is showtime

        Marketwatch just put up this moron
        [This Will Always Be The Case]
        [It Always Has Been The Case]
        [The Manipulation Is All That Prevents It]
        Just funny to watch predictions continue,
        It won’t happen until the manipulation lets it

        Stocks headed for a 67% downturn? Seems ‘preposterous’ now, but it did in 2000 and 2007, too, says fund manager
        Feb 4, 2020 5:44 p.m. ET
        ““Current hypervalued extremes are likely to be followed by market losses on the order of two-thirds of value of the S&P 500,” he told clients in a note. “I recognize that the notion of a two-thirds market loss. seems preposterous. Then again, so did similar projections before the 2000-2002 and 2007-09 collapses.”
        And that’s not all. Hussman used this chart to illustrate his view that a conventional passive investment mix will deliver a negative nominal return over the next 12 years, a remarkably dark outlook considering the market’s historic returns:”

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      • numbersgame

        Please. Like bulls even HAVE valuations models nowadays.

        Pick 1 stock and show me yours.

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  4. helen

    By Friday, you wish you had held on to your short position. Today was nothing more than the orange baboon ordering mook mnuchin to “make him look good” for the state of the union address.
    You’ll be rewarded with your TSLA puts. I looked at it myself but I thought the premiums were outrageous!

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  5. heckler

    TSLA buyers are like Trump supports they are in a cult. I wanted to short today but didn’t pull the trigger. I think shortie gets his nuts ripped off one more time.

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