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
20,574 Blog Posts

Markets Reverse Lower — Nothing to Fear But Fear Itself

When markets geek out like they did today, I like to disconnect myself from the main stream and dive headlong into pools filled with blue water. While your DIS got its face lit on fire, the niche areas of the market were lit. I made enough money to buy your house 10 times over today.

Here were today’s fish.

RNWK +31%
RIOT +5.4%
OTLK +8%
SGMS +3.8%

I can’t help it if I win all the time. It’s just the way I was built. 55% cash into the close, ready to buy all morning dips — no fucks ever given. I guarantee you a 10%+ winner by morning.

If you enjoy the content at iBankCoin, please follow us on Twitter

11 comments

  1. narcist

    Selling the new highs and covering at prices below the close of the prior day worked for 3 sessions in a row. I very much doubt there will be new highs to sell tonight.

    As I just said in the last thread, some kind of intermediate-term top may be in sight.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  2. deltasmuggler

    Sold naked calls in BA NVDA C UAL AAL. Think I made too much money today

    • 1
    • 0
    • 0 Deem this to be "Fake News"
    • tjnyt

      How much margin is needed for selling naked calls vs selling short on 3x margin?
      I shorted and covered BA,GS,M,JWN. today.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  3. narcist

    https://www.vice.com/en_us/article/gybzb4/looks-like-a-lot-of-cops-love-trumps-endorsement-of-police-brutality

    With the way things are going, he won’t even get every one of the deporables/Klansmen this November and will lose 40 states–as turnouts are for certain to hit another new lifetime high–to another senile white man who may not last a full term and will most likely have a black woman as his successor.

    In other words, America’s future is brighter than ever as white supremacy takes its last breath.

    • 1
    • 1
    • 0 Deem this to be "Fake News"
    • narcist

      Again, 2020 is about the courts more than anything–and, by extension, what “justice for all” means.

      • 0
      • 1
      • 0 Deem this to be "Fake News"
      • purdy

        Courts? OK. Most are like you and are concerned primarily with various domestic issues. But overseas, the millions of people of all colors who are targeted by the traitors we elect, likely wish we cared more about the slaughter conducted in our name. Or at least that we’d care about the financial and political backlash we’ll eventually suffer from our may wars.

        Which of these senile old crackas will get us into fewer wars against our own interests? I don’t know …but Obama should have taught you that being black and on record against war doesn’t mean shit unless you’ve got that balls to risk death …or at least to risk failure to win a second term.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  4. wolfdaddy

    Bused in BLM burning down the democratic shit hole. It can’t be the local retards burning down their own Walmart and liquor stores.

    Hope they come to Chicago. I will lead the charge to burn a specific station down

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • narcist

      Fly, you and your dumb ass alt obviously like white men who loot with suits and ties better. No problem.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  5. numbersgame

    Well this was a big surprise:
    “Disposable personal income (DPI) increased $2.13 trillion (12.9 percent) ”

    You read that right: there was so much stimuls via unemployment and the 1200 bonus, that income **increased** in April when a decrease was expected.

    However, even given that massive spike, the *decrease* in expenditures was greater thatn expected.
    “personal consumption expenditures (PCE) decreased $1.89 trillion (13.6 percent).”

    https://www.bea.gov/news/2020/personal-income-and-outlays-april-2020

    • 0
    • 0
    • 0 Deem this to be "Fake News"