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

SECONDARY RAPES AROUND EACH AND EVERY CORNER

The past week has marked a new low in degeneracy on Wall Street, men and women chasing shit stocks directly into the furnace. After each closing bell, secondaries have bedraggled these people and removed them from their limbs — tossing their core into pits of fire to be devoured whole by goblin investment bankers.

I am not immune to this, having felled victim to a most RARE RAPING — the old intra-day HALT and secondary announcement. These do not happen with normal companies, only the worst. Today I sold out of HEXO for a 21% loss — after they RAPED me via secondary offering. As a matter of fact, I cleaned out a whole mess of poorly timed trades today for losses.

Today’s results.

(HEXO -21%)
(KC -8.5%)
(AQST -6.2%)
OGEN – wash
(SDC -4.1%)
(LL -5%)
(W -4.2%)
MFA +2.5%
(BYND -0.7%)
CDLX +1.2%
(CPRI -1.4%)

Very bad fish indeud. Poisonous to some. I was out all day, attending to a medical issue, and bore witness to my trading room inside Exodus cavorting in peak vagrancy, discussing all of the 100%+ intra day runners and then CIDM fell victim to a raping of course. I am certain one or two, maybe more, inside of The Pelican Room caught that blunt instrument to the cranium.

The Nasdaq is all but 450 points away from new RECORD HIGHS. None of it makes any sense and we’re all just playing along because it’s fun and because why the hell not? At some point the rapings will be too much for speculators to bear and the collapse will commence. Until then, Disney is re-opening! Seaworld is re-opening. Re-hirings are taking place! Communities are getting ready to sashay to and fro the shopping malls.

NEW RARE ITEM IN THE IBC MERCH STORE. FLY ON WALL STREET ORANGE MUGS

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21 comments

  1. soupbone

    The anti-China stuff is not going away, only just started.

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  2. yxd0018

    Is there a chart tracing secondary offering?

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  3. roguewave

    OT

    [email protected]
    may, 19 at 13:12

    On social media yesterday Tom Woods posted a link to a graphic distributed by the Wisconsin Department of Health and urged upon the public by the governor.

    One of the recommendations is that couples sleep head to toe in their beds.

    Presumably this will help keep them safe from the virus.

    What can we even say anymore?

    The preposterousness gets more extreme with every day, indeed every hour.

    How can they not be laughing at us behind closed doors?

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    • tjnyt

      Excellent recommend for couples who believe the virus will remain with us permanently. They won’t catch COVID19, though herpes- and if you move a few inches south- may even get pinworms to boot.

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    • ericbakerbruce
      ericbakerbruce

      my wife does not want my hairy toes in her face

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  4. spaceman

    Your trades today were my trades EVERY DAY that’s why I now I stack and collect GOLD EAGLES AND MAPLES in depositories and wait for NANCY and the rest of the good and generous GOVERNMENT to send me monthly $2000 payments to pay down my $12000 credit card debt THANK GOD FOR THE FED AND UBI!!!

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  5. richardweiner

    The Fly has the good old fashioned values. He believes rape should be between a man and a woman.

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  6. tjnyt

    Some excerpts from “WS Underground”, inv- letter by Nick Guarino.
    “Set The Captives Free! Let My People Go…. Shopping!
    The battle cry can be heard from NY to LA, Tx to… And the politicians are feeling the heat.

    They want their malls back.. and do not forget baseball to football…. And the masses will go on the biggest spending spree you have ever seen.

    Remember the trillions in the stimulus? Stimulus does not work unless people spend the money into the system. That will mean everyone will get a happy check, a bailout. Forgiveness on mortgages and credit card payments. And with a pocketful of money from happy checks and endless credit you will see the biggest mindless spending boom in human history”.

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  7. purdy

    I hope all is well with you and yours.

    Separately, while I’m not much for internet complementarianism …you have done a very admirable job trading this insanity. Much better than me on the way back up. My excuse: This is the very first end-of-empire I’ve traded.

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  8. tjnyt

    I have more than doubled my money trading these stocks. And they are still scraping the bottom. I will double again if &when they breakout.
    AA,AAL,BA,BAC,BUD,DAL,JWN,LUV,M,SLG,SPG,RTX,UAL,WFC.

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  9. narcist

    https://www.foxnews.com/politics/as-presidents-coronavirus-approval-drops-bidens-lead-over-trump-grows-poll

    COVID looks more and more like a fatal blow to the Fuhrer as more and more senior citizens made up their minds. 🙁

    Obamagate* isn’t helping but maybe Dow 30k (with intense rigging) will?

    *Smearing the most popular former living president is a bad idea.

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  10. sierra water

    Beware the unexpected cluster spike of the Rona .. The OC in SoCal just jumped to record covid cases today.. people were lolly gagging around in their cars today like the Virus never existed.. there was more traffic than pre Rona..

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  11. Mr. Cain Thaler
    Mr. Cain Thaler

    Aw yeah! Unemployment claims 2.4 M and continuing claims were a full million worse than expected.

    That must be enough to take us to ALL TIME HIGHS.

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    • trumpmeister

      That ensures a few more trillions printed for the stock market

      Excellent news. Will buy more on this morning dip

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