iBankCoin
Joined Jul 30, 2008
2,107 Blog Posts

Futures don’t mean crap … I’m buying this gap.

A bull needs somewhere to go, right?  All bulls are welcome here on my blog, since I’m sure if you hit up any other blog you will get stiff-armed by a bear.

Right now I am 100% short.  Sold all my education stock longs yesterday and sold my GMXR energy long too, so already I’m coming into tomorrow feeling like I’m on first down with 20 yards to go.  For now, I’ll just be the coach and watch what happens in the first few hours. Then…

Let’s see if I can do this…

And not let this happen to me instead…

 

For reals though, you guys need to stop obsessing over futures prices in a low volume environment.  If we do open seriously gapped down tomorrow, then I will let the trade come to me.  In that case the Vix will probably spike once, trickle up then spike again, then I’ll come in from behind for the sack.  Look out Drew, they’re coming for you.

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26 comments

  1. chivasontherocks

    LMFAO.

    nice post.

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  2. Danny

    Yup, a class act.

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  3. DEVILDOG

    Very funny. I’ll bet you won’t be laughing if you buy the gap down or the close tomorrow.

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  4. WTF Holmes

    The futures don’t mean crap. LOL. Good one.

    Right now the futures are down 325. Are you telling me we can hold that level overnight and not gap down a nearly identical amount at the opening bell?

    BULLSHIT

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  5. The Fly

    The prices don’t mean crap either. That is, if you name is Madoff.

    Rim shot.

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  6. Phantasmix

    21mln on SPY – is that low volume?

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  7. zee-

    So far, my members are 27-2–in DEC.
    And they are all 100% short going into tomorrow–so Forget 27-2 tomorrow makes 37-2 for Dec
    I have the greatest membership site on the internet/ planet —who else do you know goes undefeated the entire month?—month after month—

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  8. aumana

    I am with you, it’s still a range, death below for all parties is acting as support. Big volume bears backed off before, there’s a common doom in a rapid deflation. If they take foot off gas, bulls run to end of day.

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  9. Gio

    whoa whoa whoa, what’s going on. Bears, stay on your side of the field please.

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  10. Danny

    GIo is a class act

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  11. Employee8

    Hey Gio, what’s on your buy list?

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  12. Gio

    I’m looking to short the inverse… SRS, FAZ, and SKF. I am long FXP right now and will probably add to that first.

    Why did they tackle the quarterback with 3 seconds left? ooops.

    http://www.nfl.com/videos?videoId=09000d5d80d3e4a5

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  13. Gio

    (for a short, I do think the solars can get sacked big time. so stay away from buying those.)

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  14. stucktrader

    All i know is everyone will need to keep track of OPEC December 12… and March 15…

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  15. Gio

    “I dread looking at Wall Street,” said Senate Majority Leader Harry Reid in anticipation of Friday’s stock market reaction. “It’s not going to be a pleasant sight.”

    …well, u all know my opinion on the proposed bailout. Be true to the system, and let ’em fail… at least remove upper upper management and start fresh. no sense giving money to a coke addict.

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  16. Gio

    … yo stuck, a lot of people overlooking retail #s.

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  17. Treepart

    I dunno about shorting SRS. I’m thinking I don’t want to fight that fight. Once that thing gets momentum it’s an ape.

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  18. akapaul

    youre on fire
    so far the market holding strong

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  19. JW

    GIO, props! You are the only one, and I mean ONLY one who called it. Went long 5 mins. in. Seems like everyone and their brother is bearish, too many people on one side of the canoe.

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  20. Hecker511

    Yes! GIO is the man… just so cool and even keeled! Thanks for the heads up this morning!

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  21. Hecker511

    p.s. in the top talkers at stocktwits… at least for a bit! First time ever!

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  22. crip

    The tough trade was buying the gap This will trend up all day and build some anxiety bonds down vix flat ticks trending up.Remember last friday after employment numbers? More Fuckery coming bears get ripped Gio you da man i bot the opening

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  23. StockRake

    I went long at the close yesterday and added this morning, but Gio is the Kane.

    Maybe we will be right at the close and if so that overnight futures job was a sham.

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  24. Gio

    Go bulls go!! Lol.

    We are the underdogs, we got nothing to lose. Let’s take it from them!

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  25. chivasontherocks

    LOL.

    http://www.rallymonkey.com/video/kenindex.swf

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  26. Gio

    Oh snap, I just read your guys comments. lol. I guess there are some bulls on this site.

    ‘Remember last friday after employment numbers?”

    …yup. “Thunder Thursday” leads to, “What the Friday.”

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