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
23,431 Blog Posts

Time to Rebalance

Fuck this. I am raising cash here, due to my money losing positions. As a result, I will eat small and large losses. However, the bigger picture is to preserve gains and get a clean/unbiased look at the market.

I will hold my inverse etf’s, mainly because they are small positions. However, I have decided to ‘clean slate’ on a variety of long and shorts, in order to stop the bleeding and regain my footing.

More on this later.

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12 comments

  1. CubsRock

    Talk about a coiled spring, Wow!

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  2. InternationalGroupie

    good to hear, as the tommorrow’s oil reserves data rising may trigger another financial koolaid.

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  3. jeff

    Fly, maybe time to head to Jones beach via cash, DGP and DXDDX and take the rest of the summer off before the next false flag?

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  4. Mr. Hanky & Ben
    Mr. Hanky & Ben

    PPT: Commence Fuckery, STAT

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  5. P

    I just did that. Damn short squeeze.

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  6. crip

    Rotate!!!! feel your pain, fly you da man.

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  7. Larry Kudlow

    The Dolly Bottom is in.

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  8. Aris

    this is horse shit. the whole thing.

    is the new standard for everyone to wait until floor trading in oil closes and then bid up stocks?

    did WM leak ‘earnings’?

    other than CNBC’s relentless pumping of banks, i can’t make heads or tails of this.

    ‘buy biotech’….what? that’s throwing darts and everyone knows it.

    AAPL?

    i want to capitulate, but i can’t tell if i’m capitulating on the long side or the short side.

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  9. V

    Visa July 31

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  10. recusancy

    Short squeeze and everybody being afraid to miss a “bottom”.

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  11. Hank Paulson

    Oh btw, the short busting rally the last hour? Tax-payer money, thanks you very much. Your bill will be in the mail. Those who were short get to pay twice.

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  12. Aris

    i hope hurricane dolly comes to my building and blows it down on top of me.

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