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

Fish For Breakfast — Martingale Stratagem Initiated

Losses are something that isn’t to be tolerated anymore. This morning I awoke from my slumber and sold OPESW for +53%. Yes, you can thank me for that now — the SPAC that bought BurgerFi that I told you about here the other day, in spite of the fact none of you are Exodus members. I did so out of the kindness from my blackened heart.

But I also awoke to a most heinous loss in WATT — down nearly $1 from my basis — purchased yesterday near the bell. A weaker man would’ve sold and took the lump, but not I. Instead, I dove right back in there and DOUBLED DOWN — not because I like the stock or believe in the merits of the company — but because I can.

See pal, there are two types of people in this world — those who shrink from losses and others who refuse them and ask for something else. I’ve used my resources, which are plentiful, to pursue an ancient gambling tactics, deployed by many Robber Barons of yesterday, The Martingale Stratagem, in order to STAVE off heinous losses and to use my resources for profit.

I eagerly and greedily swim in the pool of profit.

I also still own MVIS and SAMAW — which is a SPAC related to weed or pot or ganja.

Other than that, ALL CASH, aside from the one hedge I just took on.

Again, I tell you these things out of kindness — generosity is at the core of all great men.

If you enjoy the content at iBankCoin, please follow us on Twitter

7 comments

  1. purdy

    No comments eh? Apparently everyone is exhausted by all the sheep here and in our politics/media making useless and insulting PC gestures …treating blacks as if they are children.

    Anyway, SPX may be setting-up on the daily (by as soon as tomorrow morning), to come off of its overbought status for the first time since the lows. IMO.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • alty

      The resident scalpers started losing their coin flips. They lost their “edge”, if you will. Society is ending type bears just plain lost.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • lifini4850

      I am making a suitable salary from home $8k-$10k/week , which is great, underneath a 12 months ago I was jobless in a terrible economy. I thank God each day I turned into blessed with these -instructions and now it is my obligation to pay it forward and proportion it with anybody…:)GOOD LUCK . ……………..Read More    

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  2. og

    Tesla at ATHs. Yeah baby.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. overseas investor
    overseas investor

    Holding $WATT… awaiting the holy grail from heaven…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. DaJuice

    Wait, MVIS is back in play!?! The greatest projection company that never was from 2006? I think I still have some microscopic number of shares that have reverse-split countless times in an old Scottrade account.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. yaliw21206

    Want To Work From Home Without Selling Anything? No Experience Needed, Weekly Payments… Join Exclusive Group Of People That Cracked The Code Of Financial Freedom! Learn More details Good luck….. Read More  

    • 0
    • 0
    • 0 Deem this to be "Fake News"