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
21,000 Blog Posts

One Eye on the Prize, Another on COLLAPSE

Good news, it’s Friday and you can drink yourselves into Monday morning soon. The bad news is the market is lookin a little collapsy. TERA CAPS are getting fucking hammered, breadth stalled at just 18%. Basically, no large cap stocks are up today. We are being held up by PENNY STOCKS. That’s right, the indecorous booze-hounds over at Reddit are in complete control of the $60t equity markets.

Having said that, Le Fly is trading small today, scared to move, afraid to risk. I am down 90bps, 71% cash with a portfolio filled with nonsense. A little of this and a little of that — all made and built for intraday swings. Should I have an accident and fall asleep for the next week — my entire portfolio will likely fall to zero.

The one positive narrative being spun today is SHITCOINS. It appears “alt-season” is back and my fucking LITECOIN is on the move. I own a tremendous amount of LTC, in addition to ETH and a sundry of coins. If you asked me why I owned them — I’d offer you a better argument than 99% of the SHITCOIN HODLers out there — because I know more already than them.

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4 comments

  1. duuude

    Why do you own them ?

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  2. helen

    Why do you own them?

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

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