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
23,419 Blog Posts

PREPARE FOR ANOTHER LEG LOWER

I changed my mind. I am still allowed to do that in this country, am I not?

The decline in oil is deleterious. The plunge in Tesla and other leadership names is obvious. Softbank and their cohorts are finished. Now the only thing we can offer them is the black flag.

I traded like a magician this morning. My results.

SQQQ +13.3%
(SVXY -3.6%)
WORX +9.6%
CODX +16.8%
SABR +1.7%
SPCE +3.2%
MIK +0.4%
(LITE -2.9%)
(GSX -3.4%)

See pal, there is a difference between a person like you, and a person — such as myself. I aim to maim and then kill, while you only aim to avoid conflict. I am now calling for a RESUMPTION of the leg down. I am not positioned for it, however, and have 1 hedge and 30% long exposure. I will wait until the later hours to double and triple up my bets. I do of course reserve the right to change my mind again, as this is a fluid situation. I might also continue to trade throughout the day, taking money from mom and pops and using it for my champagne collection.

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9 comments

  1. maxx2000

    WTF no one believes in “turn around Tuesday” anymore??

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  2. maxx2000

    Or Wednesday, this week

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  3. maxx2000

    Turn around Weds BELIEVE

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  4. maxx2000

    Mnuchin does….

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  5. bob smith

    TSLA Lol.

    If this keeps up, TSLA will have to do a reverse 5:1 split soon.

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  6. snoozer

    UDOW afterhours. not sure i’d touch TQQQ though. but like the risk reward on the other.

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