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
23,468 Blog Posts

Patience is Required

While it might’ve felt good to be long some of my former girlfriends today, the simple fact that they are all whores emboldens my relief of being free from them. “The Fly” doesn’t care about today’s action, whether it be something based on substance or fantasy is completely and entirely immaterial to me. I wish all of you the very best inside of stocks like WDAY, YELP and SPLK, regular rocket ships in a space aged generation.

I do not forget the scars that I’ve received from holding those toy bombs. I learned a life lesson from the experience, which is far more valuable than any monetary loss I might’ve sustained.

For those of you in the industry, I hope you keep your powder dry and place your hard fought income into safer pastures.  I haven’t had any great sum of my own money tied up in risky equities since late 2011. Double dipping is for the supremely greedy man. I am nothing but a mere soldier in this big war, trying to claw myself out from a ditch.

I will do so exercising extreme caution and placing my bets at the most opportune times. This isn’t one of those occasions.

Having said that, I am working on a momo trade signal inside of The PPT and have seen some encouraging data, early going. We all know how I love mean reversion; but most of the gains in any uptrending market is  had during maniac, cocaine infused, bull runs. I intend to capture the essence of that and translate it into a signal for the top hatted gentlemen inside of The PPT.

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63 comments

  1. alf44

    .

    … your “former girlfriend” had …

    “fire eyes” and was all a “twitter” … she “yelped” with joy as we “splunked”

    😉

    .

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  2. Bernard Cornfeld
    Bernard Cornfeld

    HERE! HERE! /throws champagne glass into the firelplace

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  3. johnny joker

    take a bow, alf

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    • alf44

      .

      Thank you … Thank you !!!

      Be sure to tip your waitress and bartender !!!

      .

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  4. the pirate

    Anyone else here get screwed by I Brokers this morning on combo trades that went nuts due to a glitch at AMEX? While they blabbered all day I didn’t hear CNBC even mention it…

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  5. Hideous fibs

    Russian code writers playing havoc with feed, are you sure your losses are real?

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  6. trader stewie

    Patience is the key now, no doubt. Day Trading is the only way to do it right now, imo

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  7. the pirate

    They said there was an error with option combos at AMEX and PSE. No official word yet but a guy said it looks like they may ‘bust’ those trades. Anyone heard anything on this?

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  8. Mr. Partrdige

    A lot of patience here… 6 weeks of patience so far

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  9. ironbird

    Financial engineering for the win. How long can that story hold the tape up?

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    • gianni boy

      you can’t find your ass with both hands and a map… fuck u

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  10. uglyflint

    See GOGO today ? Ugly as in UglyFlint

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  11. northwestdr

    Despite taking substantial losses, The Fly’s sales on Friday turned out to be smart, since all or nearly all of the holding plummeted farther yesterday… TWTR just reported and is down over 9% now in afterhours, 38.40 at the moment.

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  12. Steak

    Will your momo rank(ings) be derived purely off of price history? Or, similar to the mean reversion signal, will it be an aggregation of various inputs?

    I’m a big quantitative trader; this is mostly the result of working long hours throughout half the year. This sorta thing is right up my alley. Looking forward to seeing what you’re up to.

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    • gianni boy

      put your mouth on a gaspipe.. u are clueless.

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      • The Fly

        Your father wasted good sperm on your mothet

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      • Steak

        The only gaspipe you’ll see me with will be used to bash in your knees. As a guy who’s up a hair over 13% this year, I like to think that I’m not too clueless. Run along, the tanning salons close soon.

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  13. Mr. Partrdige

    Dr.
    Cutting that infected body part last Friday as painful as it was will look as one great surgery come this Friday.
    Stay safe, new opportunities will surface, they always do.
    Mr. P

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  14. ironbird

    The old man dividend trade has an expiration date. Just like the growth trade did.

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  15. it is showtime

    End of month. What a suprise. And a surprise

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    • Bullish

      You aren’t surprised… remember? You’ve known for the last year how we are on the cusp of significant meltdown. Every glitch lower you have insisted THIS IS IT!!! ITS SHOWTIME!!!

      Are you actually Trading Nymph’s twin brother?

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      • it is showtime

        You must be insecure/nervous/skittish?/(neurotic?) with the % of my posts you react

        I’m just keeping a presence. Simple comment. End of month pushing

        I haven’t been a trigger-happy bear. Have been following this intellectually and (ridiculously) patiently. Bc I know it’s getting closer. That’s all. CLOSER

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      • it is showtime

        Btw Showtime “may” have other meanings

        Musician, Concertgoer, Student, Of Rock

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  16. Willie Phisterbum
    Willie Phisterbum

    SYMX. Spec play. Chinese(ish) burrito, just warming up.

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  17. gianni boy

    Rather than a Top Hatted Place for Gents,, this site has become more like one of those vacant hospitals on some island on the East River.. or like that village near Chernobyl nothing.. and ghost like…

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  18. gianni boy

    The fly has been gutted. Suck his dick all you want..

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  19. gianni boy

    GoGo another fantastic fly pump.. Festivus!

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    • john

      Fly, we have a very rude young boy on this comment section. I am a very old man and I am most grateful you are helping us here because he is making me very nervous and insecure. At my advanced age, this type of behavior is most disconcerting. The only thing that is holding my sanity intact is my cd ladder.
      RESPECT YOUR ELDERS!

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    • The Fly

      NO ITALIANS ALLOWED HERE.

      BANNED

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      • Dortmunder

        Hahaha, I hope you don’t get Sterlinged from iBankCoin, Fly.

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  20. Tea-4-The-Tillerman
    Tea-4-The-Tillerman

    Jeremy or whoever does site maintenance now …..

    Everytime I access the site I get a Security pop-up indicating IBC wants to open content with Adobe Flash and no matter what I pick it keeps popping up … only goes away when I close IBC … Please take a look !!!

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  21. The Fly

    We’ve been out of gogo for months you pathetic dego

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  22. OG

    Twitter bird took a nice big shit. Wonder how the momos fare tomorrow.

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  23. Go2mars

    I’m with you; aside for the times.

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  24. Trading_Nymph

    I have to deal with TWO Central Banks in the next 24 hours. First BoJ then FOMC…I so dislike them.

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    • sethster99

      I sure hope you’re not short this market. They are about to talk this market up BIG!

      Got Gold/silver?

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      • Trading_Nymph

        Yes, to physical gold…I have been holding those ultra etf’s for awhile for tracking. IMHO, if I am correct I have watched a bubble forming since 2009….it has been an amazing study which I documented. Bubbles always pop, so I am not worried.

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  25. Bruno

    Fly, since you are restarting on a clean slate, maybe it’s a good idea to reinstate the user authentication in the comments section. I for one prefer this place sanitized.

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  26. Cascadian

    Cartoon with 2 vultures in a tree, caption reads, “Patience hell, I’m gonna kill something!”

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  27. Cascadian

    Oh, I sold Twitter today, and Z.

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  28. The Fly

    Nothing looks good

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  29. alf44

    .

    ….. “Super Fly” …..

    Darkest of night …
    With the moon shining bright !
    There’s a set goin’ strong …
    Lotta things goin’ on !
    The man of the hour …
    Has an air of great power !
    The dudes have envied him for so long !

    Oooh, Super Fly !

    You’re gonna make your fortune by and by !
    But if you lose, don’t ask no questions why !
    The only game you know is Do or Die !

    Hard to understand …
    What a hell of a man !
    This cat of the slum …
    Had a mind, wasn’t dumb !
    But a weakness was shown …
    ‘Cause his hustle was wrong !
    His mind was his own …
    But the man lived alone !

    Oooh, Super Fly !

    You’re gonna make your fortune by and by !
    But if you lose, don’t ask no questions why !
    The only game you know is Do or Die !

    The game he plays he plays for keeps !
    Taking all that he can take …
    Gambling with the odds of fate !
    Tryin’ ta get over !!!

    Woo … Super Fly !!!

    .

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    • alf44

      .

      That was meant to be an “homage” …

      … just so there are no misunderstandings about the spirit !

      .

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      • The Fly

        No misunderstandings alf. You’ve grown on me and can do no wrong. Let’s be clear about that.

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