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
22,158 Blog Posts

In the Process of Breaking

Short squeeze stocks have stolen the show again, let by the pavement apes buying AMC. This moronic display of verve has spread into other names and I of course am playing them. Stocks like WKHS and CLOV have lifted the fuck off, in addition to traditional moron plays like BBBY. I am anticipating runs in other “meme stocks” and have purchased a handful just in case. I realize that what I am doing is on par with burning cash in a flaming barrel of garbage — but I just don’t care.

If perhaps I was a younger man again, filled with perverted thoughts and thought about life and went about it stupidly, I too would own AMC. But for now, I cannot get myself to do it, not even for a trade. That being said, it’s easy to make fun of the meme stock warriors — but look at AAPL: an absolute fat and disgusting display of a ticker symbol who once wore former glory. It’s all over now for traditional tech. You might as well get used to see PETS trade higher, all the while your tera-cap stocks pang lower.

I opened down 70bps but have since traded back to green, or slightly red, depending on the moment in time. I am more or less flat with 68% cash.

Yes, Stocklabs has launched. Feeeeeel free to come on in.

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One comment

  1. emersonlakepalmer

    Time to buy AAPL

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