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

Large Cap, Cryptos Break the Fuck Out — Small Cap Shit BOGGED Again

The rotation continues. Everything but high beta small capped shit is doing fine. There is some ancillary weakness in some of BILL FUCKING HWANG’s trades, but other than that today is a decent do nothing day.

I have been hiding in old man stocks and just added 1 China name to the portfolio. I have done nothing but enjoy the melt up in ETH and tend to my crops in Decentraland, whilst also enjoying the rise in MANA.

I have numerous ideas about how to play this market, but I am not eager to pull the trigger now. As a point in fact, I see little to no advantage to being out in front early in a market that is obviously sick and in the process of ruining some hedge funds. The selling might intensify into the close, so keep an eye out for that. When the market bottoms, you’ll know it and have plenty of time to get back in.

I am not interested in catching the whole move, just enough to afford me the many luxuries that I do enjoy, such as JARRED mayonnaise and/or copious amounts of lemon rosemary roasted potatoes.

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One comment

  1. duuude

    Lemoned rosemary

    Ftfy

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