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
23,455 Blog Posts

REVENGE TRADING

About a year ago I lost a heinous amount of coin in the stupid shares of ALJ. Whatever could go wrong went wrong (extra Murphy) and I lost my shirt in the stock. It was a fine sunny day, not so different from today, when I capitulated at the bottom and sold to lock in the loss. The pain, it was too much to bear. Fast forward one year to the exact day and I am buying the very same stock, yet again.

I started a small position in ALJ today and will buy more on dips. This is called ‘revenge trading’ and I shall get my satisfaction, in this lifetime or the next (extra Maximus).

Aside from the emotional aspect of the trade, it is a play off the Brent-WTI spread and the seemingly endless lack of pipeline infrastructure growth in this grape nation, keeping domestic oil prices at unnaturally depressed levels, again benefiting those with refineries directly.

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9 comments

  1. Vatkpsmfrmfloppn
    Vatkpsmfrmfloppn

    Like an irrefutable logic sundae covered in decadent cherry testosterone with sprinkles of candied opinion. How could a marketmaker of this grape notion ever resist?

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  2. espgal

    Whoo Hoo. Mr. Fly – I was with you on that trade last year ‘cept I didnt sell. Went on to bank great coin – although still sold too early. Soon as I free up some cash I will happily be going back in.

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  3. wayne

    wnr hfc mid continental refiners to the moon
    look at the options action on tso
    aug 62.5 calls
    massive!

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  4. Lassie the Projectile Hurling Wonder Puppy
    Lassie the Projectile Hurling Wonder Puppy

    Revenge trading…..hmmmm, sounds a little like a dog eating his own vomit – a year after it was fresh puke.

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  5. Mister Jinx

    Some random commenter on here tuned me into $ALJ yesterday … I liked the chart and bought. I offer my heartfelt thanks to that gentleman.

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  6. wayne

    that was me mister jinx
    look at wnr

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  7. bigl

    The count of Monte Cristo is a really good book, filled

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  8. gatorsun

    I know exactly who turned everyone on to the ALJ WNR trade

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