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
20,991 Blog Posts

NOT HAPPY; OFF TO VACATION

I closed out the week up 50bps, having absconded with another 50bps today. It was a grande circle jerk, as I fell victim to the rotation out from good stocks and into bullshit big ones. I am saddened by this, even though I know its for the best. Gone are the halcyon days of two months ago, when stocks would pump and after they pumped, they’d pump some more.

We’re all getting teary eyed and sentimental about this evil shift out from PLUG and back into AMZN. This market is now controlled by old money managers and RIA’s who are allocating on behalf of their high net worth clientele. Real stocks with real earnings are seemingly and incredibly in favor.

What is a trader to do but follow this trend? I have tried over and over again to catch the wave of our former glorious momo stocks and no one does it better than me and yet all I could muster is 50bps for the week.

Come Monday I depart for vacation to Savannah, GA and will not blog too often or trade and I am hoping CATACLYSM strikes as I am away. Even though, and this goes without saying, I closed the session with just 11% cash. Whatever.

My quant was up more and actually made 35bps in gains so far. YTD, the quant is crushing the Nasdaq, +21% v 7%.

Cheers

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14 comments

  1. it is showtime

    Hi inner wall st CB circle

    4134.

    I just named a number
    you cant get the S&P
    to hit. Can’t even touch.
    have a good day

    G r ü n f e l d – G a m b i t
    DRAWN – – ROOK – – SACRIFICE

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    • emersonlakepalmer
      emersonlakepalmer

      Wasn’t it 4087 just a day or so ago? Are you retarded?

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      • it is showtime

        Pinhead:

        barnstorm ceaseless relentless final runs have precedent
        even in non synthetic non psyop non programmed markets

        Your kiddie table seat is secure

        likely running hyper aggressive final move, 4th or 5th time
        last 3 years (full fledged bubble present as well) into inflection

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        • emersonlakepalmer
          emersonlakepalmer

          Who’s the pinhead? By the tone of your ridiculous haikus I’m guessing you’ve been on the sidelines during the greatest bull market in history.

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  2. metalleg

    I mentioned this a few weeks ago and, since I’m the benevolent type, I’ll offer it again.

    ARRR – Pirate Chain

    You’re welcome

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  3. snoozer

    savannah is not a bad place to visit. used to enjoy it although it gets boring after a couple of days. off to New Orleans myself. You need to give it another chance now that you are a southerner. Pearl of the South. I’m sure RJ can take you around.

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  4. jbandy

    Ive never seen someone that blows with the wind as much as this guy. Market down (we’re doomed!!!), market comes back (time to buy!!!). Maybe his trading strategies work out in the end, but the commentary and prognostications he posts here is just wrong like literally all the time. How can you guys take it?

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    • metalleg

      Apparently, you “take it” or you wouldn’t come here.

      Find a better writer than Fly or write your own fucking blog.

      What kind of person comes into a man’s home and shits on his rug?

      A man like you. That’s who.

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    • MintDragon

      I guess it never occurred to you that he writes like that just to fuck with people looking for freebies, especially those with soft skin and innards?

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  5. tjnyt

    Friday every one of my 2 dozen positions was down, so @FLY ‘s post resonated, Monday could be a big dump. So I shorted SPY, ignoring;
    1. Start of a superlative earnings quarter and
    2. The axiom, ” never short a dull market”.

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