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
23,473 Blog Posts

REVERSAL OF FORTUNE

I must say, The Devil’s call for an immediate upside reversal today was sublime.

The bears fell for the old playing dead on the side of the road trick, again. TLT went from being down hard to flat and now everyone is celebrating over 8 balls.

AMBA looks fantastic. I’d be a big buyers here if I wasn’t 100% long. I like to be 100% long, as it gives me a sense or purpose. I am a man with a plan, with unbending conviction that is often viewed as unreasonable. Truth be told, to be successful in this business, you have to be a little crazy.

This all looks good to me. IMMR reversal has been completed and the rest of my positions are coiled and ready to go.

Let’s give it another hour or two and see how this worked out.

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I WILL HAMMER YOUR FACE

You people really need to stop it with the snarky, holier than thou, attitudes. I’ve been doing this crap for over 15 years and have always managed to make coin in the market. The notion that– “oh, looky here, everyone is bullish, so of course the market is going down” is so smug and unbecoming. It’s the exact opposite of how you should be thinking, not only as an investor, but a human being.

Having said that, it just so happens that I lit a stack of M-80’s yesterday and forgot to throw them. Now my hand is gone. My positions are seemingly lower. TLT is down. Where’s Ben?

This can all get very frustrating when the market doesn’t adhere to every single request.

But none of this is important, compared to the giant story of the day: BBRY.

The shares are slipping down into a crevasse and might never come back. Canada has humiliated herself, yet again. First gold and now this comes to light. This is so ridiculous words cannot express how badly Canada deserves to be attacked by an alien force and quarantined from the rest of the world.

As for the overall market: as an investor in several degenerate names, I can only hope and pray to the new gods and the old for some relief. Odds are we all get crucified into the bell, however.

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JAPAN HAS GONE COMPLETELY INSANE TO THE UPSIDE

Samurai sword to your face…dog.
BOOM

The Japanese are running hard and strong. Soon enough they will invade neighboring Asian countries and make them slaves, concubines, for the warriors who deserve to be honored. All of your nonsense is now rendered to be worthless. Go play with your balls, play with your nose, just don’t play with my market.

Up we go, like a hot air balloon attached to a god damned space rocket.

500 POINTS IN YOUR STUPID FACE.

Yeah, I’m long WETF.

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BEN IS BACK

As if he ever left.

According to the market, there isn’t anything to fear. Fear itself, as is always the case, was the culprit. The facts on the ground dictated otherwise and all we needed was a little prodding to get going again.

Into the melt up, I recovered almost all of my losses. However, if I possessed the conviction of a man with purpose, like a bank robber or serial killer, I would’ve made a fortune. All of the elements were present: cash, balls, cheap stocks. Yet, I opted to wait. Well, I waited one day too long and now must depend on the ignorance of others to allow me to “get liquid” into a cartoonish tape.

AMBA is the next stock to go. I’m also confident that the gods will bless me with splendour, long IMMR. They’ve been smiling upon me since I was young, watched over me as I conducted myself like a complete goon. But that’s the past. We shall not delve into such unpleasantness.

What are you dog brained folks buying? Do you still like AAPL? Are you catching the golden knife? The world wants to know.

In honour of all that is good and just, spread the iBankCoin word. Go to your neighbours stupid house and demand that they “educate themselves on the inner-workings of the markets and global economics, by going to iBankCoin.com.” Failure to adhere to your demands should result in an immediate haymaker to his/her scrotum.

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The Coast is Clear

Because bonds are up, feel free to get drunk and buy stocks. Do so with reckless abandon. Kick your dogs and neighbors, then bury his cats in the yard while investing in Goldman Sachs.

Look at me, do I look scared? I am about to leverage myself to the hilt, frantically buying stocks that are ‘good’ because I’ve seen the future.

I’ve been to the future and it is joyous, splendid almost. The market is in its infancy of winship, spurred on by men with deep pockets and long arms.

If GS doesn’t hit $160 within 2 weeks, I will cut my penis off.

Ah, I can’t wait to book my profits and buy a Maserati, throw money into the fire pit for sport.

Until then, “The Fly” will be plugging away, watching the Risk Appetite Index, confident as a hungry lion inside of a room filled with newly wed gay guys.
Risk

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SHOMP

There isn’t anything else to say but SHOMP. It never ceases to amaze me, the accuracy in which The PPT‘s oversold signal proves correct. Every time I see it, truth be told, I think “this time might be different.” Instead of going “all in” on the signal, I waited for confirmation. There’s no doubt, I will still bank coin–but I could’ve made more.

I made GS a 30% position and added to USG. I have less than 5% of cash left and will look to liquidate when “The Gimp” comes out.

For those of you who are unfamiliar, SHOMP stands for sublime harmony of mathematical precision, the true nature of The PPT algos.

UPDATE: I bought WETF.

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Discuss: Is $AAPL a Buy Down Here?

We all know Tim Cook is secretly working for Samsung and will be fired from AAPL inside of a year. But the question lingers in the thin air, is AAPL a buy down here?

According to The PPT, it is Oversold, on a historical basis. The last time the score was this low, the stock was sub $100.

os3

NOTE: This is the first OVERSOLD signal in the history of PPT.

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Bonds Went Up and a Cocaine Party Broke Out

Back to back cocaine parties. Dare I say “the bull is back?”

I don’t want to jump to conclusions. But I think the worst has passed.

As such, I bought UNXL and OWW into strength.

My largest position, IMMR, was dead money today, similar to many, many tech names. Maybe it had to do with AAPL’s weakness. But I don’t see why, since IMMR is the anti-AAPL play, leveraged to the Samsung Galaxy and Sony PS4. I think big things are in store for the company, over the next 6 months.

It looks like end of quarter window dressing. I will try to be methodical with my purchases. However, I promise you nothing, as I have a tendency to become frantic when it comes to cocaine rallies.

 

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Fly Buy: $OWW

I am done buying for the day.  I started a new position in OWW. I like this name longer term.

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