iBankCoin
Home / RaginCajun

RaginCajun

iBankCoin’s 16th annual March Madness Tournament Is Here

Happy President’s Day! And, a big welcome back for The Cajun. It’s been a minute since writing a blog here at iBankCoin. I have many things to say, and many updates to give. However, the objective today is to get our 16th annual “March Madness Stock Tournament” Underway.

Registration is simple, but limited to only 64 contestants. To enter, simply place your stock ticker in the comment section. Make sure your stock is over $5.00– no penny BS, no duplicate picks, and please do not give me a lazy ETF, especially of the leveraged variety. One big thing to note is that your percentage gain will reset every single week, creating a level playing field. In the past, slow and steady gainers have won the race.

Here is a quick breakdown on game play for those new to the site. The tournament will run for six weeks in true march madness bracket form. Contestants will go head to head with a new opponent each week. The highest percentage gainer for the week will advance to the next round, then scores reset.

This has been a legendary tournament in the past, and always a great time to connect with the iBankCoin community. If you like stocks and March Madness brackets then give me your best stock in the comment section. I’ll take $RBLX.

Here is the legendary iBankCoin hall of fame, aka the previous winners over the past 15 years. You should be so lucky to make it to the list. Good luck gentlemen!

2008 – The Fly

2009 – Wabisabi

2010 – SC

2011 – Chivo

2012 – Zephler

2013 – Rhino

2014 – Adam 

2015 – Andy Swan

2016 – PB

2017  – KY Trader

2018 – Jersey Whale

2019 — Boriscahall

2020 — BigToona

2021 — Green Machine

2022 — Uranus 

Comments »

Jamie Diamond Says Tough Road Ahead; Financials Rally To End The Week

The momentum delta scan inside Stocklabs favored the financials, just after a very pessimistic call from JPM last week? Did things get a little too pessimistic for the financials? Here are some of the moves in your large money center banks on Friday:

__

In addition to watching the financials, here are some other names on my radar as we begin the new week, all of which come from the Momentum scan inside Stocklabs, members can bookmark scan HERE.

__

$META looks extra spicy here. Good luck this week fellas…

Comments »

Back To The Doldrums

So much for that flag pattern developing between the 50 & 20 day moving average for the market. More bad inflation data have the bears back to throwing parties into the weekend as they prepare to crash the close at 3:30PM ET. Any ground that I gained at the beginning of the week has been erased, yes back to the doldrums.

Scans are light this morning and back to bearish ETFs having all the volume:

__

Comments »

Time To Buy Tesla Yet?

The market is relatively flat as we head into lunch and still meanders between the 20 & 50 day MA, as it continues to grind out a flag pattern. Today though, it seems to be all about $TSLA, at least that what my scans are saying this morning:

__

Oil is muted here at $120, but the small cap oils continue to pop on scan here and there. I don’t have much for you today, except $TSLA.

Enjoy your day!

Comments »

Building…

Things continue to build in a positive direction for stocks, at least in the short term. China once again had a strong move, with your father, $BABA, having another nice day. The S&P500 continues to flag out right underneath the 50 day EMA, a break above should set us up for at least a short term push higher.

__

RIG bros got a nice move yesterday and now is testing $5, things get a little thin there if we can push back over recent highs, 5.50s. Also, from yesterday’s scan, $LABU finally made the move off the lows and is following through nicely this morning. In today’s scan, I see my favorite ticker, $RBLX, hitting the tape. Even up 8% this morning, I still like it as a swing trade:

__

Comments »

The Momentum Flows Through Black Gold

Oil is back near $120 again, and at this point looking to break above early 2022 highs. What stops this freight train from hitting $200 this year? Definitely not the warm gulf waters as hurricane season looms, just take a look at how we are setting up into the summer:

__

As for your movers today, oil & gas names are stealing the show once again, with a hint of Biotechnology.

__

On my scans I’m seeing lower-tier oils litter the list, names like $IMPP & $HUSA hitting the tape. I also see $LABU fighting its was back on scan. I still hold some $RIG & $REI for my oil needs & tempted to try another LABU trade. Let’s see if we get a big momentum shift back into the oils as the rest of the market struggles to find its way. Developing…

Comments »