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
20,951 Blog Posts

COLLAPSE IS UNDERWAY

Here’s a quick tip for you fucking morons out there: quit buying rapidly knifing stocks. Once you do that, your misery will end. How about this for an idea?

Buy up stocks, since that’s the direction you want to go.

The market never belonged here in the first place. It was all fiction. Now I have a lot of money in my quant, but that is now geared towards semis, finance, and oil, since it follows trends. I also have a long term portfolio that is heavily long tech. But I am dropping $10k per mo in it for a dollar cost average extravaganza. The only portfolio I have that could be at risk is my trading, since I too am subject to the caprices of man — from greed to sloth. But since I’m not a fucking idiot, I’m not chasing stocks down the drain. See I grew up in the sewers and never want to go back there, so I don’t chase things heading for it.

Oil is doing unbelievably well and I am long only oil stocks, but even those stocks are getting hit now. The only thing to do, if you’re not short, is to sit around and wait for a turn. I’m 70% cash, all in for oil, down 50bps, patiently waiting.

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3 comments

  1. ezthere

    Riden wit Biden right down da whole.

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  2. profiteerer

    Well done. Nailed the bottom.

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  3. flea

    And you were soon rewarded. Nice.

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