iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,782 Blog Posts

CREE is Going To Zero, Barack Obama is White, and Robots Rule The World

Now this is what I call selling!  Sometimes you trap too many bears in a room and they collaborate and unleash their fury on you.  They attack fast and with downward swipes at your face and genitalia.  I spent the morning with a brave crowd of traders, beating them back where we could, but there forces proved too great for the most part, succeeding at pressing us into our fox holes.

Then I threw in the towel and started shorting.  When you can’t beat them my friend, it is best to join them even if only for a while.

My portfolio is getting tossed around like a rag doll and I really just want to survive until the weekend so I can gather my thoughts.  NOTE: When your core goal is survival, you’re no longer in a position to cease opportunities; you’re out of the race so cool your jets.

CREE is getting decimated and every rally in the name has been on opportunity to sell more, intraday.  Silver is appreciating non-stop and JakeGint is back on the scene (awesome, btw).  I don’t even know what Barack said but it sure didn’t help anything.

Everyone gets raging pissed at algorithms when the market liquidates, but do any of these people have pet robots?  I do and it made money today, TAKING LONGS.

So damn, get educated, not all robots are out to kill you.

I’m going to talk to some birds before perhaps making a decision or two into the bell.

 

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11 comments

  1. Jules

    What did you short?

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  2. Raul3

    I was scalping long on the /ES, then I began scalping short. No swing shorts on the books

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  3. Jules

    Oh gotcha, thanks.

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  4. Raul3

    stocks like GTAT should be noted for not caring so much about the market weakness

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  5. JP

    Will you close short before close, or hold to tomorrow? I mean, it is too late to short now, right?

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  6. Raul3

    I just closed my last short. I don’t hold future’s positions overnight. Shorting the indices into the close is a high risk endeavor right here. That doesn’t mean it’s wrong, but not a good risk based entry.

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  7. JP

    Thanks Raul !

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  8. elizamae

    All my positions (save for $BMY) have held the ‘line’. I suppose that doesn’t mean shit, but it’s comforting knowing that I can still lose more money tomorrow!

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  9. Raul3

    I’m staying put, sans puts.

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  10. AKwitdemBeamz

    Raul, you are a trooper for riding the Cree long – and not just riding it – looking like Slim Pickens all the way down on that nuke. At some point – the guy(s) chasing it down will find their target. I feel the same way with Yelp. Sir, I applaud you.

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