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
20,688 Blog Posts

Look Ma’, I’m Fucking Retarded

No stock better personifies the current mood of the market better than JKS. The symbol is perfect too, since it’s all about jokes.

The 5yr median p/s for jokes was 0.19, currently trading at 0.93x. The 5yr avg PE was 10x, now 30x. Why the sudden leap into retardville?

Being a Chinese solar company with very high growth and improving margins, people have it in their heads that a Joe Biden administration is bullish — based upon the idea that trade relations will be normalized. We are seeing similar moves in DQ and various other China-coms. Just today, WEI surged by 500%. It is a smorgasbord of perfidy and the Chinese Lotto pin action has never been more ebullient — a sure fire precursor to a dimly lit doom just beyond the horizon.

I closed out the session 70% cash, biased short, long two stocks — one of which has mechanical robot vacuums and the other a Chinese lottery play — in the hopes, the off-chance hopes, that I too can enjoy a 500% one day ripper tomorrow.

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7 comments

  1. heckler

    Ibankcoin whiffed so hard on solar this year bc fly’s is a fag

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  2. metalleg

    All stocks rising based on the belief that Biden will win should be sold and shorted on November 3rd. When Trump wins, they will all drop like fat stones on November 4th.

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  3. maxx2000

    People don’t realize Trump is a secret China bitch. All talk and no walk, (rewind old tapes of “phase 1 deal blah blah blah” and play them here) and nothing changes Nov 4. but so true anything red and slanty eyed is the cat’s meow. So my theory is long BIDU. If “u” can lend me an “en” then we got Biden. Get it.. BIDU… BIDEN.. synergy of the universe at work. Just do it.

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  4. purdy

    Huh?
    PE?
    ….what dat?

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  5. purdy

    Big sym triangle on /ZB is thinking about breaking lower here …are interest rate price controllers losing their grip? …is this a chart of the end of an empire? Sorry kids.

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  6. purdy

    ITB may be in a no win here. Short.

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