I had an easy day, mostly in cash — trading whenever I felt like expressing some gratuitous risk tolerance. I was range bound and cautious due to the dislocation of the entire fucking market, safe a handful of secular stocks.
We are without question on the verge of tilting over and diving lower. But I will wait for confirmation before betting against the market.
I gained 46bps in what can only be described as a risk-free, genteel, pastoral even, trading session. I ended with 80% cash, betting DIBS will perform like NEGG tomorrow — worth a shot — taking advantage of the stupid fucking morons who pile into shit stocks for the laughs.If you enjoy the content at iBankCoin, please follow us on Twitter