iBankCoin

Semis are an Abomination

I sold out of almost everything, including SOXL, which is long semis. It was up 2% early going and is now leading the way lower, now off by 5%. The chip sector is back to creating widows. It always had been this day in the olden days. You young whipper snappers have been spoiled in this chip era of globohomo where stocks like LRCX and ASML only went up.

This era is now over.

Now we are entreated with collapse broken up by intermittent bouts of bullishness which is purported and promoted by dolts.

The overarching trend is lower. There is no base case for up stocks other than short squeezes.

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6 comments

  1. bambam

    Time for some GME

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  2. rigged game

    Ignore the Fly bearishness for his nickels and dimes.
    BUY BUY BUY broad index funds and 2-year treasuries.

    Today 10-14 is Day Two of your ALL IN long term buying.

    Devote the second 1/3 of your capital. Last 1/3 on 10-17..
    In 1 to 2 years you will be WAY ahead, and be thanking me.

    The inflation has given you a great OPPORTUNITY!

    Don’t squander it.

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    • metalleg

      Do you offer a money back guarantee?

      I ask because I’ve come across some nefarious people on the interwebs. Since Fly had implemented a thorough screening process a few years back, I look at iBc as a safe space where no one would ever say or do anything to harm someone else.

      Thus, if you can’t offer a guarantee, I might assume you somehow slipped through Fly’s seemingly impenetrable security gate.

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      • rigged game

        I fuckin GUARANTEE if you follow my advice
        to the letter – go ALL IN on indexes and 2 year
        treasuries on Oct 13 14 and 17 you wiil during
        2024 be AT LEAST 10% ahead, and probably
        30% ahead.

        NO FUCKIN’ INDIVIDUAL STOCKS – just big
        index funds such a SPY.

        As bad as you are on timing the market,
        even YOU would profit from taking my advice.

        After 2024, I make no guarantee because some
        idiot Republican will probably win the Presidency
        in 2024 and Republicans will fuck things up
        LIKE THEY ALWAYS DO.

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  3. Orson

    And lower.

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