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
22,158 Blog Posts

AMAZON CRUSHES, INTEL MISSES — ALL EYES ON APPLE

Amazon is higher by 10% in the AHs after earnings beat and the once great semiconductor company Intel is being hammered by 9% after a miss. Retarded companies like ROKU are diving back into the pits of hell on their earnings experiences and now we sit and wait for Apple to post. I sense Apple will be good and it highlights the fact that BIG tech is a monopoly and dominate others like ROKU into their graves.

THIS DOES NOT MEAN stocks trade up tomorrow. On the contrary, I believe we will trade lower and around the island of Amazon — because at a minimum we are overstretched and due to a pullback. But if we don’t, I am bullish on crypto miners like APLD, RIOT and monkeypox stocks like TNXP, INO and CMRX.

I know those are shit stocks, but that’s what I’m left with.

I finished the session near my highs, +116bps, in spite of having 15% of my book in inverse ETFs. I still have them and 38% cash — trading leisurely into the summer months with grace.

UPDATE: APPLE COMES IN WITH SLIGHT BEAT; STOCK IS +2%

FFS

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5 comments

  1. Orson

    AMZN beat?

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  2. dontshadowbanme
    dontshadowbanme

    ibankcoin was just named in the Alex Jones trial today. Maybe you’ll get some new hits. Where is ZeroPointNow anyway? He was a great writer.

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  3. jacked rabbit

    I have no qualms with most of the work being done by this Administration, but this “yeah, we’ve had two quarters in a row of GDP drops, but it isn’t a recession” nonsense is Newsmax-scale fuckery. It’s a recession – say it and be up front about it, then do something about it. Only after the Right stands in your way of doing it is when you can bop them over their head with it.

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    • purdy

      Yeah baby, nuclear confrontation is cool. And promoting division and self- absorption makes for great viewing on LibsofTikTok. The best will be when rednecks and Europeans freeze this winter.

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  4. soupbone

    fuckery heading into a crucial election
    recession = party in power the fuck out
    therefore, no recession shall be permitted

    until such time as it comes un-tied by any one of a multitude of risks

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