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
23,417 Blog Posts

The Fate of Western Finance as We Know it Lies in the Balance

Do not worry about “The Fly” on days like this. I comported myself with both panache and precision, limiting my losses to just 12bps — mowing into the close with a rather large position in volatility to hedge against potentialities. I am speaking of course of the $NVDA earnings announcement, which if bad will crack this market asunder — unseen since the days when $AAPL reigned supreme.

We all assume $NVDA will crush. But the question we need answers to is will it be enough and will the guidance be good? Since the stock is down 9% in the past week, one might assume a better than expected result will jimmy up the stock back to recourd highs.

I am simply not in a position to make accurate predictions, as I no longer trade on or possess insider information. It’s just me out there in the wilderness, a la Fresca, using the tools available to me, alongside God given talents, to absolutely annihilate markets.

In a worst case scenario, I think my volatility hedge will be enough to offset my longs. I will need to take a position of boldness soon, as trading for flat is somewhat moribund. However, I will do so when I am ready and not on your terms — even if you’re a god damned customer. You are not entitled to anything and will get what you deserve.

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One comment

  1. txchick57

    you were standing before us with +9bps a few hours ago and now you’re limiting losses? That’s panache and precision? LOL

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