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
18,360 Blog Posts

Booked the Hundred Dollar Roll — Onto the Next One

When I was an idiot stockbroker in NYC, we used to buy stocks on the cusp of breaking the magical $100 plane — because once it did it would almost immediately ‘roll’ to $106. It was dubbed the “Hundred Dollar Roll.”

I’d like to take credit for this vernacular on Wall Street, as I know I invented it. However, I am sure there are some of you fucktards out there who believe you did. Whatever the reason, this seems to work again and again.

Yesterday I bought GWRE under $100 and today I sold it for almost $103. It was, quite honestly, the easiest money I ever made — literally stealing money from men in wheeled chairs who are also sleeping.

Yesterday I had the idea of only buying stocks at $95+ heading towards $100 just to prove a point to you. Then I remembered I have nothing to prove and that would be unwise.

With the proceeds, I bought BE. That stock is poised and destined for higher prices. If it doesn’t I’ll retire from blogging and run throughout the green fields of Romania naked.

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3 comments

  1. it is showtime

    “Panic And Dismay”: Leaked Video Reveals Distraught Google Execs Grappling With Hillary Clinton’s Loss
    “Leaking Like Mad”: FBI-DOJ-MSM Collusion Went Far Deeper Than Previously Known

    ^ 2 pinned top heads on zh

    I was the first one, I know of, to say the Russia election storyline was madeup/bs/prepackaged. By the last week of november, only days after it was being said (called it a psyop by mid-december ‘ 16)

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  2. og

    Oh… I thought the $100 roll was that stocks close to $100 would hit $100 before pulling back? I’m heavy SQ for this reason.

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  3. clock

    I thought a $100 roll was a roll of hundred dollar bills. 🙂

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