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
21,399 Blog Posts

Garden Variety Cataclysm or More?

I managed to erase my losses via some plucky trading and also my shorts, having sold out of FNGD and UVXY, but added to TZA. At the moment, I only own a 15% position in TZA and BITO calls — a dastardly combination but a combination nonetheless.

The trillion dollar question is — is this recent sell off in SAAS and other high valuation names a mere blip on the radar or something much much more. While my innate bearishness always pulls me towards the dark side, I cannot sit here and tell you “it’s over” with so much strength in banks and oil and bounces in numerous tech names. It is tempting to want to believe it’s over — but alas — when has it really ever ended?

We are in fact trading and I am in fact building a long list of names shot thru the chest the past week or two, in a sincere effort to attempt at timing the bottom. Stocklabs is NOT oversold and that signal might provide me with enough digital muscle to go headlong into this foray.

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One comment

  1. Mr. Cain Thaler

    Hah of course. Giblets will not be denied.

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