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
20,690 Blog Posts

Allocation to High Divvy Payers, Old Man Stock, Treasuries Deployed at House Fly

It’s over…again.

Whatever bull market you thought you had is now over. The end of the rally coincided with the beginning of my vacation, which is so far marked by HARROWING mountain turns and “flip your cover over” steep driveway inclines and of course bears — which produce a most delightful EYES ON THE WOODS decorum at night.

Aside from all of the mountain people being mad as fuck up here, angry at the wind for blowing their way, things are going exactly as expected. “The Fly” is more of a Newport, RI — WARD MCCALLISTER, champagne cocktails by the shore type of person. This fucking CABIN IN THE WOODS scene is for lumberjacks and skiFAGS.

Today I deployed 30% of my assets into old man stocks, with a median yield of 3% and treasuries. The trend has been broken. I repeat, the trend has been broken and now we’re sliding down the other side of the mountain with angry mountain bears biting at our wheels on the way down.

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In Your Lifetime, the Dollar Will Collapse

I am still on vacation and have only taken a break to book 3 losses, making it a grande total of SIX LOSING TRADES IN A ROW. No big deal however when you’re the man with the BIG DICKED gains and endless streams of creativity to get it all back and more.

I just wanted to take the time out of my day to remind you THE DOLLAR IS GOING TO COLLAPSE IN YOUR LIFETIMES and all of your savings will be reduced to ash. Your 401ks rendered useless and America as you know it gone, like a whisper in the wind.

The days of dollar supremacy are coming to a fast end and with it your freedoms. But before that happens, we will have great rallies and everyone will enjoy the splendor of post modernist America, TRANSVESTITE EDITION.

What else can I say, other than to stockpile into gold and cryptos. To me, there is no better place than ETH. Gold is good too and serves as an excellent store of value; but the upside lies in areas beyond the control of the FUCKERS who rule us.

Back to sliding down mountains.

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Ethereum Breaks the Fuck Out — Mountain Vacation Edition

I’m in a place, a haunted cabin in the woods. My kids are terrified and the dogs are going fucking nuts. There’s weird statues all over and bear paintings all over. I am quite literally surrounded by bears. It’s also extremely steep here and the driveway is sort of insane — the car placed at an odd angle because of my unfounded fears it will give way and fall off the fucking mountain.

Today I raced out of the house in order to beat sunset because I feared if I drove up this fucking hill in the dark, I’d drive the fucker right off the mountain and into a crevasse. While trying to get out of the fucking driveway, I quickly reversed the car when I meant to drive straight away and nearly fell off the mountain.

Oh, and on the way here, I tailgated a pick up truck and some debris from his SHIT-MOBILE flew out the back and into my windshield — CRACKING IT. I would’ve chased him down — but I am very close to taking this car and burning it.

I bought three stocks today and I am 85% cash. I see Ethereum BROKE THE FUCK OUT and I could not be happier. The shitty dollar is finally starting to be a thing and we are seeing both gold and cryptos respond.

I am telling you now — ETH will be $750 inside 3 years. If you’re not diversifying into BTC or ETH, you are an idiot.

BACK TO PROTECTING THE FAMILY from the ghosts in this fucking house.

FUN FACT: It is quite literally adjacent to a cemetery.

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US ORDERS CHINA TO CLOSE EMBASSY WITHIN 72HRS; MARKETS YAWN

This is probably my last blog until tomorrow, since I’ll be traveling soon. I was surprised to see the United Steaks ordering China to close its consulate in Houston, given just 72hrs to do so. One would think, given the context, the US is on war footing with China. I suppose the whole meddling into our business is cumbersome and I also suppose it’s important to have an enemy at all times — in order to give the Fed something to finance.

Futures are mixed and I don’t expect much to change. The indices are in fact bulletproof and although we are seeing a breakout in silver and the euro rallying hard against the dollar, don’t expect a revolution.

You will endure, for the balance of your lives, more status quo than ever before. The social change you see in front of you has had zero bearing on markets. All of the lockdowns and subsequent destruction of business in the country, since the global pandemic began more than 6 months ago, have produced substantially higher stock prices.

If we bombed Beijing tonight, I suspect markets would climb another 130 NASDAQ, in order to price in new Fed easing.

This whole game you participate in on a daily basis is a giant clown show. Stop trying to make sense of it.

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Markets Fade, But the Trend is of Course Intact

It’s been a hell of a run — but now I bid you adieu. I’m off for vacation tomorrow and will likely be out of pocket for much of the next 10 days. I will of course attempt to trade and blog — but no promises. It has been a terrific run and I hope you all managed to see through the market and benefit from its gifts.

For beginners, the market can be intimidating. But, believe me, you can do this. Never give up. But if you do, find solace in knowing there’s someone out there like me — working hard so that the rest of you could take it easy.

My trades from yesterday thru today.

BNTX +18.9%
(INO -10%)
(BLNK -7.3%)
AIM +13.5%
IMRN +46.5%
IDRA +10.1%
CMRX +4.2%
WRTC +45.8%
ABUS +11%
(SONN -7.3%)
ADMP +15.8%
CODX +1.1%
APRN +3.2%
AKER +16.6%
TNXP +9%
TRVN +11.3%
TXMD +7.2%
DFFN +5.7%
SNGX +2.7%
FBIO – wash
EIGR +1.3%

I closed out the session 75% cash, bullish on a continuation of the recent rally in spite of today’s reversal. Drawdowns are to be expected and welcomed even. They add variety to an otherwise moribund existence. Because without it, nothing matters.

Cheers

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MORNING FISH

Tomorrow I depart for mountain vacation for 10 days. I will attempt to trade while cavorting, although I very much doubt Mrs. Fly will appreciate it. We all know who’s in charge and she will do what’s she’s told.

This morning I cleared out the old brokerage account and went to 100% cash. Here were the fish.

TRVN +11.3%
TXMD +7.2%
DFFN +5.7%
SNGX +2.7%
FBIO – wash
EIGR +1.3%

Since then, I’ve had an itch to “play just 1 more” stock and bought a penny piece of shit biotech — because the Dow is +300 and everything is awesome. I do see the Nasdaq reversing lower and now down. There is massive froth in biotech and we are being rotation heading into oils and gold and silver. After all, silver is +6% today and of course oil +3%. Cryptos are heading higher too and if I’m having a moment of honesty here, there isn’t another asset class in the world that I’m more bullish on than Ethereum or Bitcoin.

I will be trading light today and making arrangements for my departure.

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“THE FLY’S” YTD GAINS NEAR +300%, WINSHIP IS CONSTANT AND PERVASIVE

I print money. Call me Jerome.

I see a lot of SHIT talking these days, but very few if any of you can take me on head to head. This is my market. What I mean by that is, it’s designed for me — the old dot com era flow is back and Le Fly is reliving the past — 23 yr old broker turning nothing into a fortune. While this is different and I am older now, it’s all the same.

The narrative is different and the players are older, but the game is always the same and always will be the same for the balance of time.

Today’s closed trades.

BNTX +18.9% (overnight)
(INO -10%) (overnight)
(BLNK -7.3%) (overnight)
AIM +13.5% (day trade)
IMRN +46.5% (day trade)
IDRA +10.1% (day trade)
CMRX +4.2%
WRTC +45.8%
ABUS +11% (day trade)
(SONN -7.3%) (day trade)
ADMP +15.8% (day trade)
CODX +1.1%
APRN +3.2%
AKER +16.6% (day trade)
TNXP +9% (day trade)

INDEUD.

Amidst the tumult, global pandemics, Epstein judges and would be assassins executed — the Nasdaq jumped higher by more than 270. My gains in my trading account near +300%. My retirement never left cash back in March and I am resigned to it being there for quite some time, as I am more than willing to make up the difference trading directly.

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Nasdaq Flies Higher Again — Best Market of All Time

If you ever wanted to know what it was like to trade in the dot com era, this is the closest you can get to it. The innovation isn’t the same, but the chicanery almost identical. Of course it ended in rivers of blood and tears; but while it lasted, nothing was as good and felt as good in all of mankind.

Here we have the Nasdaq +180. I’ve been working on StockLabs this morning, unable to truly apply myself — but I did for a short while this morning.

Here were the results.

AIM +13.5%
IMRN +46.5%
IDRA +10.1%

CMRX +4.2%

No big deal. Just caught a wave in IMRN from $13 to $19 in 20 mins, amidst two market halts. Who is gonna fucking stop me?

On Wednesday I depart for vacation, extra COVID-19 medical masks. I am sure you’re all having fun; but trust me, you’re not having as much fun as me.

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Markets Diverge — Virus Stocks Break Out Again

If you’re not trading biotech, you’re wasting time, and of course money. I sold BNTX this morning after a morning pop for +18.9%. But that enthusiasm was met with losses of 10% and 7.3% in INO and BLNK. I didn’t have many stocks heading into today — because if the recent trends, so I am much more reliant on intra-day rippers.

I bought 3 new stocks this morning, with a hankering for more, but I needed to update this blog.

The Dow is -150, Nasdaq +60.

Big gains in oil and decent pick up in tech, which has been struggling. But the main body of stocks I am focused on is in biotech, since COVID-19 is worse than ever and school is a major concern now and we all need a really effective and fast vaccine, that no one will take, before the school season begins.

Hence, and this goes without saying, we’re all looking for the next one to go.

UPDATE: I sold IMRN for +46.5%, 20 min trade.

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How Will You Spend Your Global Pandemic Summer?

No more traveling overseas and enjoying the views from your balcony overlooking the French Riviera. You are now subjugated to vacationing inside the United Steaks and I’m wondering what you have in store?

Lazy summer by the pool with gin and tonics?

Take a road trip to Portland to see the animals in their natural environ?

Perhaps travel to New England or a mountain resort with your COVID-19 face masks for a little relaxation?

I wonder if we’ll ever get back to normal sometimes, especially because I will not take that fucking vaccine. Honestly, I feel bad about that too — not wanting to believe the vaccine is beneficial for me. But it’s rushed and I’ve seen the movie I am Legend and would rather fight and die as a human, than become a Vampire, roaming the streets of Portland in search of outrage.

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