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

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

5 comments

  1. emersonlakepalmer
    emersonlakepalmer

    In other news, a white Texas State Trooper and father of four that was shot over the weekend by a black man, has died.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. purdy

    Asia on sale. Bought GRVY and JD today.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. the_wolf

    fuck China

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. indexjoe

    ITS OVER

    • 0
    • 0
    • 0 Deem this to be "Fake News"