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
23,445 Blog Posts

Smartly Positioned for Glory

Listen to me —

I’m a truth teller and have never taken anti-psychotics like the great many of the unwashed financial gurus you stumble upon on X. I have a patrician background in the art of money management — have done so professionally and possess a digital track record of success dating back to 2006. I want nothing from you, other than your attention.

To be clear, I am PERMANENTLY BEARISH on the market strategically but here and now I am tactically bullish. One might ask — how can you be both at once — here and there — to and fro?

Understand something, I am a multi-tasker, a man of many hats — a true talent in many things.

For example, as a boy I could throw 90mph fastballs, trade stocks, talk to girls, get straight A’s in school, and make lots of friends — because winners attract the adoration of the masses. In many regards, this is why you’re reading now — wanting, needing even, a glimpse at greatness.

I am positioned HEAVILY LONG into tomorrow — positioned alongside the transgendered bulls because we are at an important level in the market that has, in the past, produced grandiose returns to the upside.

From the bottom of my blackened heart, and I really mean this — I’d like nothing more than to see the stock market descend into chaos — trading all the way to zero if necessary. I’d even volunteer 5 years off my life to see it done. But I do not possess the power to, at least not yet, manifest things of this magnitude.

Because of this, and seeing the writing on the wall, I do believe the bears have once again squandered a chance to apply the figure 4 leg lock on the bulls and have instead offered them an opportunity to sashay gaudily in one of their rainbow themed parades — obnoxious and arrogantly buying stocks without regard for the feelings of us bears.

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5 comments

  1. txchick57

    just look at the headlines posted directly above. You’re clueless.

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  2. 2 wheels

    Anyone else going long Gold here?

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  3. tradercaddy

    Not Gold per se but gold mining companies via Gdx and GDXJ ETFs. Averaged in the last three days as their RSI hit below 20 and poked their head today. Traditionally they bottom in October. In only for a trade as they pretty much all are mismanaged and have very heavy energy and other costs.

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    • 2 wheels

      Same, I’m in NUGT, probably for a quick swing but we’ll see how it goes. If dollar and rates drop a bit more in the short term, gold can rip.

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