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
23,460 Blog Posts

Missed Opportunities

I recall doing a lot of research on CWEI. I even highlighted some of my early work, here on the site. The stock has nearly doubled since then.

I was also short JCP from $19. I covered my short in the teens, after making some money, even though I felt the stock would trade to zero.

I was also big into NFLX at $60, before Icahn got in. I kicked it out for a minor profit. After Icahn got into HLF, I bought some of that. And, like NFLX, I sold it too early.

Let’s not forget FTK. I did an immense amount of work on that one, having bought a few million shares in the $1’s. I sold it around 4ish. Now it’s $20+. Had I held it, my life would’ve changed.

Other missed opportunities include TRIP, Z, GSVC, ICEL, PPC, SVU, ULTA, MU, BX, SNE, SOL, YGE, FSLR, NAV, CTRP, DECK, NXPI, CXO, CLR, GWW, CIEN, TEX and FLS.

I am sure I missed a few.

Am I mad at these “missed opportunities?”

Absolutely not.

I know that doesn’t make much sense, especially since some of these gains are outright astronomical. The fact remains, I am incredibly capable of finding winners. I am not talking ordinary 10-20% returns. I’ve been able to swing and miss at multiple 100-500% gainers, over the past ten years. All the while, I’ve been banking coin, steady returns of 20-90% since 2003.

On the upside, I am still young, getting better every day, and we’re in a rip roaring bull market. I am confident that, one of these days, I will have the internal fortitude to see one of these ideas through.

Until then, the “struggle” will continue.

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26 comments

  1. clegger_2000

    Well it’s great that you aren’t mad over missed opps. I have not reconciled those feelings yet. Working on it. 🙂

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    • The Fly

      I wrote this article more for guys like you, than me. I know a lot of people get mad at themselves for missing big gains.

      There is an old adage that still holds true. You’re never going to catch the bottom or the top. Give me the fat middle and I will be happy.

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      • the_ambassador

        Amen to this one brother. I’m over fretting over a missed bottom or top. i’ll take a good gain and be happy. Speaking of which… BALT has been switched to Strong Buy by a few houses as of ate as green machine stated… I got in when you suggested…

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      • uglyflint

        Woulda, Coulda, Shoulda is poison.

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      • clegger_2000

        I have to be OK that others are “making sex” with my former positions. 🙂

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  2. acehood1

    Success is Sisyphean–there’s always “moar” to be gotten.

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  3. matt_bear

    that angry gentleman appears to be riding OA’s latest post.

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  4. flyaway17

    Do your clients ever remind you of bigger gains that were never realized or do they keep their opinions to themselves.

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  5. budh

    Im riding massive gains on SWY calls and patting myself on the back for having made a correct analysis on that one. But then looking back at all the ones I missed is a great exercise.

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  6. granpa

    If you were a fisherman/woman and missed a nice bite you could stop fishing or throw all of your rods and reels into the water. Both dumb moves. The real fisherman just baits up again and casts out his line. Control your emotions for a better chance of winning your game, whatever the game may be.

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  7. budh

    I was looking at CWEI as well. But discarded it as mostly a gas play, and the old man might live on for another 15 years making it too long term for me. Perhaps investing in 80+ year old guys is a good move. There’s Warren Buffet, Sumner Redstone, and Clayton Williams to think about.

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  8. kdog

    You’ll be perfect by 50.

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  9. kdog

    You’ll be perfect by 50.

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  10. granpa

    Also, there is always another fish out there.

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  11. haveseenitall

    In all honesty you’ll find that it’s , over the long haul , a “jake”.
    I sold AAPL @ 201 and also sold LU @ 74 . We always lament the ones that went higher and blockout the blowups we dodged .

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  12. og

    Any thoughts on the Icahn father and son tug a war on NFLX sale? Interesting that the son did not want to sell. Or it could all just be a big charade?

    http://www.reuters.com/article/2013/10/24/us-netflix-icahn-agreement-idUSBRE99N01520131024

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  13. gatorsun

    NQ fuck you china

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  14. xochi

    I think you are beyond amazing, and have given me great ideas and guidance over the years. More people should be thanking you in these comnents.

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  15. The Next New Cat Thing
    The Next New Cat Thing

    This current bull run is a lot easier to do real buy and holding with a few positions (like it was in 80’s & 90’s).

    There has been so much systemic, terror, bear risk since 2000 Nasdaq crash. Finally we are being rewarded when riding out individual stock weakness for good companies.

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  16. YOU WILL KNOW ME BY THE TRAIL OF BLOOD
    YOU WILL KNOW ME BY THE TRAIL OF BLOOD

    what up refiners, yo.

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  17. ripper

    this was a masterpiece. thats the true value of IBC.

    https://ibankcoin.com/flyblog/2013/03/04/taking-a-barbell-approach-to-pershing-capital/

    btw back from my vacation. FB and QIHU looking good. OWW rather not.

    ps: buying BALT.

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  18. j livermore

    I guess this means IMMR will work out just fine. 🙂

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