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
23,417 Blog Posts

Morning Poppers (Crypto-Fly Edition)

You can consider me full blown crypto-Fly now; but not because I want to buy Bitcoin at $16,000 — but because I am enthralled by a brand new investor class that is teeming with exuberance. While I might be stubborn and a little old fashioned (I do smoke a pipe), I’m certainly not an idiot and have a good sense about the general direction of things. I intend to create a suite of financial products and tools for the crypto-space, which will be offered open source (free) to all of those interested. Unlike equities, there is a wide open gap in education and general information about tokens and coins. Being the generous man that I am, I intend to arb that ignorance and make a horse-race out of it. Considering we have over a decade in providing the good folks around here with a top shelf Market Intelligence Platform for equities, fitted with predictive mean reversion algorithms, I believe we are better suited than most to tackle this issue.

Stay tuned for details in the weeks to come.

European markets are flat, but WTI is higher again by 0.7%. I’m thinking there’s something brewing in crude. It might be worthwhile to buy some dog shit oils into Xmas.

Futures are higher and I’m looking at the biggest gambles known to mankind just before year end. Starting 2018, I will most likely invest exclusively via my quantitative tools, making adjustments once per month to reduce churn. The goal here is to automate my retirement. Considering I’m only 41, I have time to develop these methods and strategies. It will be a great help to be actively managing again, which I also intend to do.

Here are some other headlines worth your perusal.

Vail Resorts initiated with a Buy at Deutsche Bank; tgt $265
Digital Power Corporation launches new business division dedicated to the mining of cryptocurrencies
Honeywell sees FY18 EPS $7.55-7.80 vs $7.79 Capital IQ Consensus Estimate
State Street upgraded to Outperform from Mkt Perform at Keefe Bruyette
O’Reilly Auto upgraded to Outperform from Sector Perform at RBC Capital Mkts
Huntsman resumed with a Overweight at JP Morgan; tgt $36
Accuray downgraded to Underweight from Neutral at JP Morgan
Aimmune Therapeutics initiated with a Overweight at Cantor Fitzgerald; tgt $55
Morgan Stanley upgraded to Outperform from Mkt Perform at Keefe Bruyette
Intercept Pharma, Vertex Pharma (VRTX) both initiated with Buy ratings at Deutsche Bank
Honeywell updates Q4 guidance, issues FY18 outlook ahead of investor conference call

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21 comments

  1. sarcrilege

    That should be interesting. Automating investments in times of www3. ME, 2018, false flag. Mark your calendars girls. There has not been time in human history when “reserve” currency collapsed w/o massive wars to distract and turn subjects against each other rather than the moneychangers. There’s a job that has not been finished since the times Jesus kiked cheating moneychangers from the Temple.

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  2. Bullish

    Call me old fashioned… but I 100% believe this is a moment in human history where we will look back and laugh at the folks paying 18,000 for one digital token.

    In the meanwhile I’ll keep playing with RIOT on a daily until the music stops on this nonsense.

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    • Bullish

      I was just enjoying reading my FB feed with the young millennials having discussions about LiteCoin and BitCoins etc…

      The best part is when someone else joins in and says, “what’s this crypto currency thing all about”?

      Answer from other millennial: I have no idea but if you buy these things and never sell them, in a few years we will be rich as fuck!”

      Ya… thats not going to work out well for them.

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      • the_wolf

        Can i ask everyone’s comments regarding the blockchains, would seem to me these are the way to play, (the actual platform),
        I’m still not so convinced on the bitcoiners,………….

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  3. juice

    41 ? you have six glorious years left until you will have to commit self-ban-icide

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    • Dr. Fly

      Correct. And yes I agree that Bitcoin is frothy. But, I’ve been exploring the ICO market and there are some interesting companies coming out. It’s worth building a platform to better inform prospective and current investors.

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  4. ironturd

    Remember whenever everyone involved in crypto was a MASSIVE FAGGOT? That was just a week ago, going for months. Kudos on covering the integrity short and flipping exodus crypto toolkit long, need to have some content to drive your blog with all the equity lotto tickets falling going bust.

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    • Dr. Fly

      You truly have zero humor in you. Do you often go to parties and find that people often walk away from you?

      Hint: you’re an asshole.

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      • ironturd

        You’re a 41 year old father of three, when your kids do stupid stuff do you call them massive faggots too? Bc it’s humor right? You were wrong and pompous. Don’t pretend.

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        • metalleg

          You are comparing the intellect of children to that of adults?

          You are a fucking moron.

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  5. frog2

    BTC is going to be the end of this bull

    something big like an exchange bankruptcy or gov intervention will kick it off

    I bought $10k at $1200 and sold at $2400 on the last big dip before it took off so I might be salty

    still think lots of coins can go up 10x before it happens

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  6. mrleone

    Oil to trade higher as Saudi’s set up to conduct the largest IPO in history next year. Short squeeze in certain names will be like rocket fuel. Let’s play!

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  7. the_wolf

    is the best way to play this bitcoiner extraganza, to invest in the actual platform, i.e. blockchains,………..?
    comments from the big brains here at iBC ?

    Happy Hanukkah,
    Merry Christmas,
    Happy Festivus,
    whatever you celebrate may it be a happy time,…. to everyone in the hallowed iBC halls

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  8. ironturd

    “You can consider me full blown crypto-Fly now” cue top. Like clockwork.

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  9. sarcrilege

    We shall find out how deep the liquidity hole in bitchcoin is now that Interactive Brokers let clients short these crypto abominations. The days of wash trades spiraling prices up are done. Into the basement this shit falls.

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  10. alty

    These coins are still way too hated to put in a top. The FOMO is just starting to spread.

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