In light of my year to date retuns knocking on 15%, in two short weeks, I am paring back on some names here, in an effort to not get evicerated should the market dip.
As a result, I sold the following:
All of my [[MWW]] and Mechel OAO (ADR) [[MTL]] for big gains. And, I sold some of my [[CBD]] and CGG Veritas (ADR) [[CGV]] positions, for monstrous gains.
In total, I raised about 12% cash. My target cash position is 15%.
Developing…
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smart move….something doesn’t smell right.
Market should be discounting the double dip (recession) soon enough.
Consumer spending and foreclosures going the wrong way.
Fly is a financial super hero.
Noted
I am using 1150 as a pivot, sold some positions into it, will rebuy them we can get over that level on the traditional “use INTC/JPM earnings as a reason to gap the market”
I went to 28% cash last night. Betting that INTC shits the bed as usual, especially considering where it sits today.
Still holding MSO & CMI as my bigest positions. The rest are small fry and I would add on a pull back.
Thanks for the heads up Senoir Margarita Maker!
The lack of volume is disconcerting.
Hey Fly,
I am thinking we see GWW reach $102 a share by the closing bell tomorrow.. Don’t get me wrong but I love to see $106 by tomorrow though.. Have a great day!
Yeah, $106 was a bit overzealous on my behalf. I overreached on that one.
10,000 apologies.
I am real good friends with RC out in Louisiana.. You guys are doing some fantastic work.. Unfortunately, some people are never happy that i see on your website.. I swear they think its easy to predict the markets.. heck, I always said if you can get the market right 60 to 70 percent of the time, you are doing something great..Keep up the great work Fly!
Does anyone think that CYCC is a good buy right now? Also looking at CDII.
Well today at the risk of my own social network capital I finally shared a glowing review with my 440 plus Facebook ‘friends’, all about ibankcoin.com and ‘The FLY’. I’m fine having a pack with ‘The Fly’. Covering my eyebrows now.
Mr. Asshat was on couple of days ago pumping KFT….IBM….JPM….T…
I think Mr. Asshat is correct that this is an AssHat Market Only…..so get long
AssHat names like KFT…IBM…JPM…T… remember we have already been
eviscerated.
Shorts have never made more money in their lives than last 24
months.
Sprinkle with Jacksonian and PPT S.A.M. specials.
Does winning ever get tiresome?
Good job Fly!
http://bit.ly/8jgoUu
PPT BUY
http://ibankcoin.com/henry_fool/2010/01/14/the-ppt-finds-another-buy-crn/
AGO update
http://ibankcoin.com/henry_fool/2010/01/14/ago-update-nearing-1st-target/
Fly,
What is goin’ on with WNR? This stock has a massive short float, when are we gonna see this mug soar higher? Do we need $100 oil before we see it take off?
Love your work.
What do I look like, the wnr patrol?
Building a position in RINO here, 27.4X ish…