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
20,329 Blog Posts

Markets Erases 450 Point Rout — Rips Into Close

Many ways to win here. Extract what I can offer you now. Markets want higher. You may not want it or like it — but it’s still going to happen.

Today’s wins.

NVUS +44%
NVUS +15.3%
SOXL +4.3%

I positioned into a variety of picks, all of which are subject to secrecy to you — because they’re for Exodus members only. But I will tell you that I am KEEN on selling on the open. I am heavily long virus stocks, homies, and all various assortments. I do not like fading anything here. Even gold is going higher.

Oil gapped up by 9%. Stocks cannot keep their losses, so they went up. Not a big deal. If we are heading into depression, there will be plenty of time to get depressed. Until reality settles in, I don’t mind having some good spirited fun.

I ended the day up massively, 15% cash for just in cases.

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8 comments

  1. purdy

    or, S+P plunges for 2.5 days and then retraces to test the, still-rising, 20 day SMA from below.

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  2. rickyretardo

    Fly,

    Whats up with the main page showing your second oldest post instead of the most recent?

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  3. matt_bear

    the homies!?

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  4. matt_bear

    good spirited fun was back in the day when FEYE was $97 and looking to do the hundy roll that never came.

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  5. purdy

    If you were master of the kleptocracy, and attempting to manipulate markets, would you want to rip to new highs in stocks?

    I’d guess that I’d try to establish a range around here in stocks and focus providing sufficient chickenfeed to the eaters …so I could keep the game going for longer. But I haven’t seen much will on the pigs’ part to move from the trough.

    There may be a major disconnect brewing between haves and haven’ts.

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  6. tradercaddy

    The long awaited (years and years) move in silver could be here (or another fakeout).

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  7. trumpmeister

    I reload my position to go full long LYFT. Will be seeing $54-55 in 12 months for sure.

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