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
17,078 Blog Posts

Reminder: Our Mean Reversion Algorithms are World Class, Unmatched By Anyone

This has been a market on auto-pilot, which means that most people do not feel like they need help anymore. All you have to do is but XYZ, throw a few logs on the fire, and become wealthy. But the market wasn’t always this way and it will not always be this way.

While the macro has been consistent, the micro has still be volatile. If you’re running money for yourself or others, it’s imperative that you know what you’re buying, when to but it. Pricing and timing if everything, as cliche as that may sound. Having the ability to automatically grade a companies fundamentals is extremely valuable to me — but being able to know when a stock is going to pivot and rush higher is fucking priceless.

Recent pin action in one of my positions, FIZZ, courtesy of Exodus.

The also is flawless over 12 months, 10 day holding period.

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3 comments

  1. bushwacker2

    For sure. I’ve been reviewing the fundamental target prices on each of my holdings and the upside to targets from here are not more than 10% in a number of cases. Some stocks like SQ are trading 19% above average Street target prices. Time to take some money off the table and enjoy the rest of the Thanksgiving week. Best to you all.

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    • bushwacker2

      As of yesterday, I’m up 35.14% ytd so I’ve been fortunate to catch this years moves. I’d rather preserve and protect at this stage rather than push for moar. The Thanksgiving season is appropriately trying to tell me something, I believe.

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  2. billysmith66

    Yep it keeps going higher and on auto pilot.

    Billy

    http://news.bbc.co.uk

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