What an iconic day. Where to begin.
I started off the day as Gordon Gekko, calling shots, not eating lunch. Then I sashayed from my gameplan and tried to get cute and belly flopped right the fuck onto the concrete. I went from +100bps to down 390bps at the session lows. Then rumors of a fund getting margin calls tanked shares of VIAC, DISCA, FOXA, AMCX, LC and about two dozen others. I stepped in based solely upon fundamentals. I don’t give a fuck what hedge fund is selling down VIAC — that fucker is off by 50% this week, presently trading 60% below it’s historical FPE and FPS.
Into the closing hour the market got onto a fucking rocket and ripped. I recovered half my losses and ended the session down just 180bps.
In the midst of all this, I switched my allocation to mostly cyclical risk averse stocks. I suspect this rage we’ve been dealing with is a financial matter, some fucking retards levered and hooked. After it passes we can have normalcy — but into the weekend I felt it necessary to reduce the boom and protect my 166% YTD returns.
Separately, my once per month managed Quant fund was +230bps, without pause or angst.If you enjoy the content at iBankCoin, please follow us on Twitter