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
23,445 Blog Posts

Raising a Little Cash

I am selling off non-essential names, in order to tie up loose ends and raise some cash. My goal is to raise 20% cash and sit on it for more than 30 minutes, if at all possible. Thus far, I am quite pleased with the doings over at OPEN, which is my largest personal position by size. I own a chunk of the stock with evil intentions of routing out the short sellers, GW Bush style, in order to make them seek God.

In addition, ARO, PSUN and APC are showing some strength, all to do with March seasonality. All three stocks, historically, do exceptionally well during the month of March. Let’s hope for the best, but expect something horrendous.

If you notice, iBC has a different look today, as we launched the iBC Financial News Network. It’s a work in progress, so bear with us. As time goes on, the reporting and publishing of relevant information, pertaining to financial markets will increase in efficiency. Although other finance sites do it well, they are missing a key component to their business models: how does it make you money? My mantra, as always, “if it doesn’t generate revenue, I’m not interested,” exemplifies my stated goal to the tee, with this new endeavor. I hope you enjoy it. For those of you who miss the iBCNEWSBOT300: see the bottom of the page for link to feed.

Once again, I encourage all who blog in the Peanut Gallery to participate in my new “news venture” by posting breaking news and listing it in the news related box, by tagging it as “news.”

Also remember to follow the new iBC Financial News Network Twitter account @iBC_Fn.

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

22 comments

  1. drummerboy

    you cant find it at the bottom. maybe the two should be co-mingled in the same box as the newsbot300 box,would be a lot easier than scrolling up and down a page and still not finding it.

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  2. One Upper

    “GW Bush style” you mean incompetence?

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  3. xxxHuggieBearxxx
    xxxHuggieBearxxx

    and so it begins…

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  4. Josh

    Does the timing of Easter have anything to do with March seasonals on apparell?

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  5. Doc

    Giving up short selling for Lent.

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  6. SteveTheNeighbor
    SteveTheNeighbor

    I will give up gefilte fish and challah for Lent.

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  7. Quint

    Recently went back and read the blog archives from Nov 2007- Jan 2008…

    Amazed how Fly nailed that end of year rally and then collapse during January – real spaceship magic.

    It also mentioned that you were up 42% at one point and then gave a bunch of it back only to recover into the end of year…you must have been ready for a straight jacket then.

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    • The Fly

      It was nuts. I also nailed 08-09,10-11 and well into 2025 (time machine, son)

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      • Quint

        I’m not sayin you didn’t.

        (I prefer Captain – here’s to swimmin with bow legged women!)

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  8. Hugh Hendry

    TLT acting fresh

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  9. BlindReadAnt

    “I own a chunk of the stock with evil intentions of routing out the short sellers, GW Bush style, in order to make them seek God.” Great minds think alike, from 2000’s elite-heaven architects to 2008 guilt-ridden welfare vote-bribes, fear and greed rule supreme in the grand sky mountain-machine.
    “[Y]ou will have full use of our corporate jet and access to our news penthouse suites, located in the mountainous region of Azuga, Romania.” Potential candidates of said enterprise encourage Harems to Top-Tier-Grand-Inquisitor-Spitzer-hookers. Domo Arigato Jefe!

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  10. Mark

    Fly,

    What’s your gut reaction right now – correction, top, or too hard to call?

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