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
20,473 Blog Posts

BULLS RAPED IN LATE DAY ROUT

It wasn’t supposed to end so abruptly. But then again, we were never supposed to live past March.

Markets tucked tail and got fucking RAPED late in the day after news that California was shutting the fuck down again due to COVID-19. I had a mixed day, with some losses taken towards the end of the session. I also had several stocks way up in the morning dissipate and give it all up later on during the afternoon session.

SPAQ +27.1%
TEDU +5.2%
OSMT +3.8%
(GOGO -8.3%)
(WKHS -7.8%)
FIT +2%
(MVIS -9.4%)

I closed out Monday 45% long, 10% short, 45% cash. I will likely liquidate my inverse ETFs during tomorrow morning dump out. I also have several COVID-19 related stocks that might buck the trend. Reality is never pleasant when your opinion is discarded and abused. Just because I wanted higher stock prices doesn’t mean I’d get it. My job now is to pay attention to the detail and adjust when needed. If we are rolling over, my job, your job, is to catch that wave. Being stubborn with position will only lead to misery and loss.

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10 comments

  1. heckler

    I’m looking forward to all the TSLA call option FAGS getting BTFO and come to me shitcoin party where the water is nice 🙂

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  2. discoordinated

    I have acquired Chaz and he has told me the secret to this rally. He thought I was his friend but I have cut his hair and now the market is buyerless.

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  3. ha

    I haven’t looked at mvis in a long time. Great tech – for 20+ years.
    Have they ever made a profit? They must be a spook (non-racist) front company. 23 f ing years without a profit. Come on.

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  4. barbee

    OK Who profits from Calif schools being closed (semi) permanently. ’cause I wanna buy that!

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  5. ha

    Covid as a money saving strategy
    Each retired person killed by the planedemic will save social security, lets say $10,000 / yr / person killed. That can add up to real money. But the cost overruns on the pdemic may offset that.

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  6. bearile

    That’s how incompetent Trump’s people are. Can’t even get rid of the foreign students, let alone deporting the 11 million illegals (not including those millions of non-citizens who overstayed their visas)www.career55.com

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  7. cakiwot

    I’ve made $84,000 so far this year working and I’ve made such great money. It’s really user friendly and I’m just so happy that I found out about it. Heres what I’ve been doing HERE? Read More

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