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
20,793 Blog Posts

Donations to the Gods Have Been Made

Every brief turn lower, Le Fly donates his coin to the Gods via TZA and other inverse ETFs in order to satiate their craven appetite and to cleanse himself in the eyes of Zeus. I’ve done that now, losing 5% in two bearish ETF’, but now I’m ready to start gobbling coin again.

I’m presently down 94bps and will not attempt to trade out of it until after 1pm. I did make several purchases and I do like the tape, but day trades often fall flat from 11-1 and I really don’t expect much until then.

Long term, I like BABA off the highs and anything that appears doomed except ripple.

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4 comments

  1. tradercaddy

    Ripple is good but I prefer Boone’s Farm.
    Was a fan in college.

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    • granpa

      Back then, one joint and one bottle of Boone’s, good for the whole afternoon. What a time, Mexican $15 an ounce. Jamaican $20.

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      • emersonlakepalmer

        Berry Berry (if I remember correctly) was the best Boone’s, much better than Strawberry Tickled Pink.

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  2. granpa

    Happy New Year Fly and all the guys and ladies that read the Great One. Thanks for everything Captain.

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