Bubble stocks bled out another 4% today and fresh marks were left everywhere, from TOYU to GSX to just about every fucked Chinese burrito publicly traded. The great Ponzi scheme known as the nation of China is unraveling now and all of the Bill Hwangs of the world are being wiped the fuck out — market order to sell out their entire books.
I managed today with sublime harmony, shed less than 100bps and positioned heavily into staples. I bought a little TZA to hedge and FUTU for squeeze action. Other than that, I remain stable and stoically watching the carnage from afar.
Gun to head advice: we CASCADE the fuck lower with a violence that will make you hope commissions never went to zero, luring you into the market — you and all of your dumb money.If you enjoy the content at iBankCoin, please follow us on Twitter