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

LOOK AT ME — AT SESSION HIGHS

I have partaken in several amusements today, trading in a little of this and a little of that. I am presently at session highs of +175bps, whilst having a cash horde of 70%. I do this out of caution more than anything else. I am a MASTER ACE STOCK TRADER, swashbuckling through time and space in an effort, mind you, to help out his fellow man earn enough coin in the markets to find a sojourn to St. Thomas and be waited on by private chef and butler, boat rides and the whole 9 yards. I do this out from extreme generosity and for that, you ARE WELCOMED.

The Dow is higher, led by retail and industrials, while the NASDAQ is lower led by tech and semis. We have an inflation worry presently and it makes for a messy tape.

Find solace in knowing I and only I will find the seam on the ball as it turns and spins into a slider and only I and I alone can smash it into the rafters.

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5 comments

  1. purdy

    Long SLV, EGO, ORlA and WPM here.

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    • tradercaddy

      It does look like a bottoming process is happening in the precious metals equities.
      When the physical metals decline and the precious metals equities act better relative to the physical, usually it means something is up.
      The last few days have been kind to the S. African gold equities. Every AM they open down and start to climb during the day even as the physical goes down.
      See GFI, HMY, ASA, and AUY.

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      • purdy

        Yeah …while they’re not as special as an old Dorsey tweet …they’re due to get some love from old farts shouting WTF?

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  2. purdy

    *L*

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  3. sierra water

    MO and UHT busting higher!

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