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
21,077 Blog Posts

THE HAVES WIN AGAIN

Fascinating tape. The past week unchecked populism made heavily shorted stock soar — because some people online colluded together to inflict damage unto big finance. The idea that these people could win is equal to thinking QANON was going to overthrow the US govt.

Listen to me now: the high probability trade is to always bet on status quo. If you are still long the heavily shorted stock trade — sell them now. I say this in order to protect you from further damage.

This is like David vs Goliath — true. But they took David’s slingshot away and Goliath is going to stomp him out into dust.

The past week SAAS stocks and ordinary growth names underperformed because funds liquidated ordinary stocks to defend their shorts. Now the opposite is occurring. Therefore, if we are reading the tea leaves correctly, get long SAAS and other big cap growth and avoid the big short plays. If you’re looking for speculation, look towards gold, silver and cryptos. The crypto derivative plays like BTBT, CAN, and EQOS are soaring and I would not be surprised to see BTC-ETH rip higher, as people become disgusted by the financial censorship, as big finance dictates the direction of the market via force.

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13 comments

  1. heckler

    Do not fucking sell GME! HOLD THE LINE BOYS.

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  2. dchanko

    Think it through
    This only ends one way.
    It’s the rich and the fucked
    And the fucked don’t get to make the rules of the game.

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  3. emersonlakepalmer
    emersonlakepalmer

    In the eloquent works of resident cockhead Richard Weiner: “I like to stroke my snake and then frost the cake.”

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  4. heckler

    WSB is organizing a peaceful protest at RH headquarters in CA. Tomorrow weekly options expire and if they keep the price above I think $115, something like 20m shares are due.

    If you think this trade is over you are sorely wrong my dear friends (and Fly). My basis is like $90, LFG!

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  5. one-eighty

    So all those dumbass kids were depending on finding even stupider kids to save them, but the music stopped, they don’t have a chair and they are fucked.
    And the brokers who sold naked calls and even more fucked.
    Everyone hates regulation until their bits get lopped off and then they whine about how the system screwed them.
    I have zero sympathy for any of them except for any parents forced to sell their house to bail out their moron offspring.

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  6. tha pirate

    One of the most brilliant (& most disgusting) things the leftist elite does, is get caught doing something wrong.. and then blame the OTHER side for exactly what it is THEY did themselves (with the help of their leftist run Mainstream media). This works very well with the poorly educated and those who listen to their stations.

    Watch it happen now.

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  7. Mr. Cain Thaler

    Ironically the short sellers these people seem to hate so much will be the only ones putting in a bid on GME north or $100, offering some of them even a semblance of reprieve by cashing in overnight 66%+ gains, once the stampede ends and they’re all trapped in a bidless void.

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    • Mr. Cain Thaler

      But if the point is just to blow up a hedge fund or three…man this is funny.

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      • heckler

        The idea is to force a gamma / short squeeze and then get out when the hedgies start to cover

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