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
23,442 Blog Posts

RETAIL IS GETTING BAGGED

Observe how $NVDA, $AAPL $META, $AVGO and all of the high priced stocks are up whilst the smalls collapse into their graves again. At the open, I sold all of my stocks — booking a gain of +97bps. I booked the gain because I didn’t trust the market and made enough for the day. I was not greedy, unlike many of you. I have since spent my day in peace and tranquility as you’ve been bedraggled by stocks like $SAVE into an early coffin.

I will tell you this — this is just about the worst market in the world for some stocks — but pretty good for others. You’ll have t accept this fact and play the prevailing trends.

I’ll probably delve back into high priced stocks soon, setting up for tomorrow’s bounty.

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