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
20,629 Blog Posts

A MOST UNUSUAL MARKET CRASH DAY

So the President and everyone else has COVID-19 and we’re not in the process of pricing it in. I walked into today, hoping my cock would drag to the floor — because I had a 4x TZA position. I ended up selling it for a monstrous 220bps loss on my portfolio. The sequence of events today baffled me from morning until close.

For example:

Oil lower by 4.5%, yet oil stocks were up.

Copper +nearly 4%. Why?

The Nasdaq lower by 250, yet the IWM was +0.66% and small caps up more than 1.5% for the session.

A wide swath of industries boomed, all tethered to the REOPENING trade. I am talking about business furniture like SCS and commercial and retail real estate like MAG and MTG — all thru the roof. Look at AGO. Banks in general, very strong.

Then we had pockets of strength in a sundry of places, particularly lithium. I played WWR today and was happy to make 5% in a day trade. But then it proceeded to sun shot higher by 45% within minutes of my sale. The same thing with NNOX. I sold it just before the close yesterday, due to a Muddy Waters bearish note, and that ripped higher by 57% today. Not to mention, I traded CBAT today and sold it for a fast 11% gain, and that ran another 10% within seconds of my sale.

Industrials were also VERY VERY strong and for the life of me I cannot understand what the market is trying to communicate. This much I do know — I ended up the week 100% long, fully positioned for an extreme lashing about the face next week. I shed 2.4% for the week and although I made 8% during September, my mood is grim and cantankerous.

On the other hand, my Quant made 2.8% for the week, meaning I had net gains. Fly wins all the time, yada, yada, yada.

Finally, all day inside of the very dark and evil Exodus, I was entreated to rude and belligerent behavior. A full uprising is underway and I am without a Quartermaster. I am pleased to announce ZOMBIE came thru late in the day, like a warrior on a white stallion, to set some fuckers straight. But it is pandemonium and I might have to kill some of my members in order to get th rest of them in line again.

Cheers and have a nice BOOZE FREE weekend.

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17 comments

  1. zusch

    fuck/marry/kill:
    choices: August, Mint, C2

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  2. heckler

    It’s bullish because it would honestly save lives if Trump died tomorrow. A lot of lives
    They used to say the guy who sold the Eiffel tower three times in a row was the best con man ever in the world. WRONG!

    FLY and 60 million other fucked retards got cucked and raped hard 4 years ago. It’s like that one time when Fly was long YELP from $100 to $40, lol. Biden is literally a skeleton and is gonna win 40 states you monster.

    Bullish AF only bc the corporations are gonna bank this whole time no matter what. The Dems are on their side absolutely. Bullish AF on metals and crytpo too.

    Fuck the dollar it’s fucked might be strong rn but it’s being destroyed by Fly’s Daddy, Donald Trump

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    • moosh

      No mention of war and the lack of it and all of it’s guaranteed deaths missing these last 3.5 years in any of your synapses? Maybe true, war probably started by trying to get trade with china back to somewhat even terms for our benefit, which then led to bio weapons “accidentally” allowed eventually to take out our president.
      How long before whoever’s President after Trump do they send our citizens to actual real war to kill other people and die?

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    • moosh

      Also, when are weed stocks going to run again? I noticed CARA was higher today

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  3. heckler

    Like Fly, the president is morbidly obese. He’s also 74 years old, does drugs, and probably has high blood pressure.

    I put his chance of death around 20 to 30%.

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    • edge

      Those percentages alone justify my puts.

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    • zombie

      Uh, The Fly is in tip top shape and can effortlessly throw me straight across Independence Hall. FIG

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  4. nocigar

    Copper is up because the largest mine in the world is about to go on strike.

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  5. purdy

    100% long? …I’ll light a candle for you.

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  6. heckler

    If he had past mini strokes input chance of death at 50/50

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  7. maxx2000

    I don’t know why all you fuckers have your panties in a bunch. SPY just confirmed a sweet ass hammer on the weekly chart. I must say it is weird to have XLI and XLU print almost identical daily candles, but hey, its a free country. Have a nice weekend everybody.

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  8. chuckem

    everything is fake except for booze.

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  9. soupbone

    loose cannon on deck versus stuffed shirt. Who can figure that out?
    they’ve been tripping all over covid at the Whitehouse since a while.

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