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
20,868 Blog Posts

CHALK UP ANOTHER W

Booked +450bps in gains, an absurd 800bps in my YOLO overnight account. I eagerly await drawdowns.

I did close with roughly 40% cash, so I’ll have some ammunition to fire upon the market should it shit the bed tomorrow morning. We’re looking down the barrel of record stimulus — a COVID lockdown that seems to do nothing but annoy people and bankrupt small businesses in exchange for making larger ones larger.

The theorists will say it’s all part of the plan. At this point, what difference does it make?

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11 comments

  1. it is showtime

    Hi inner wall st CB circle

    3936.

    I just named a number
    you cant get the S&P
    to hit. Can’t even touch.
    have a good day

    2012 I said joystick-control
    (of the stock indexes)
    2013 I said Manipulated
    2014 I said Commandeered
    2015 I said Programmed
    By 2016, labelling of specific algo subroutines running
    (A very-prescient look, relative to what you see now?)

    The collapse-crash thing?
    S&P 500 PE Ratio
    You’re on your way to full dotcom.
    Except it’s not just tech, It’s the whole market
    http://www.multpl.com/s-p-500-pe-ratio

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  2. soupbone

    Everybody speaking of a bubble is not enough to cause concern, if my instinct doesn’t fool me. It’ll be something else from left field. But it cometh.

    Good management is extremely scarce in general. Even when it matters.

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  3. indexjoe

    Gains will last forever

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  4. tradercaddy

    A Fly oldie but goody MVIS is up about 50% in the AH (not much above what it was 12 years ago).
    Just mention Electric Cars and it’s off we go.
    I guess they ditched their lasers for the Kodak camera and Bell & Howell film projector business.
    Bubblemania.

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    • DaJuice

      Was just logging in to post about that, wanted to see if le Fly had any shares. Bought some in the 2’s late last year after OA recommended, happy to finally bank some coin on this one after years of false promises in the mid 2000’s!

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  5. barbee

    “The theorists will say it’s all part of the plan. At this point, what difference does it make?”
    As if we can do a damn thing about it. (Other than take care for our own and families’ futures)

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    • tha pirate

      Don’t the Dems have to pay back the corporate elite who put them back into power? No there is nothing we can do about it – except speak the truth and even that they try to censor with their corporate-media complex. I love how they demonize the “1%” while they work with the 1%. Very depressing indeud.

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      • dchanko

        Dems /Republicans – no difference at their cores.
        the only difference is the theme of the theatrics we get to throw our sweaty nightcaps at.
        its late stage capitalism, the final throes of the thrashing of a great whale
        we have the rich and the fucked
        Looking forward to the entertainment to come

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