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

NOT NICE

I was fucked in an array of different ways this morning, stemming from blow ups in ANF, URBN and a poorly timed sale in IONQ. I had some upside in WDC, NUE, and COP — but it didn’t make up the difference in a market ripping higher and me with 30% of my portfolio SHORT leveraged instruments. Since then, markets have suddenly, and all at once, given up much of their gains — but I do not and will not get too excited about it.

Again, during the National Festival week, it is atypical to expect markets to plunge lower. I see they sort of want to plunge lower with many cool stocks knifing down now — but I will not get excited.

Because whilst this is occurring in the IWM and “cool stocks”, there is strength in banks, coils and cryptos. I cannot, as I’ve said earlier, get too excited over the prospects that might leveraged instruments SHORT the market might appreciate in value — which they are — but I cannot let that taint my bias.

Down 60bps, cool as a cucumber.

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10 comments

  1. Mr. Cain Thaler

    Only 2021 would let the great celebrations of Thanksgiving and Xmas be tainted with lower stonk prices. Truly a heinous and blasphemous year if ever there was one.

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  2. Mr. Cain Thaler

    It’s over. Bond yields are breaking out.

    We dive into the close – end down into Thanksgiving – and prepare for a CHRISTMAS CALAMITY.

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  3. Mr. Cain Thaler

    May your gravy be lumpy and turkey nothing but thigh meat.

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