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
23,473 Blog Posts

Milquetoast Fervor

I am on the road now, so I am, most unfortunately, posting from my iPhone.

I sold TER today, which was a 10% position. If you possessed the ability to read, you’d know that today’s buys were done exclusively in my personal account. As of the close, managed accounts are 20% cash.

I didn’t like the action. It had a lot of characteristics of a toppy market. However, the numbers on Friday can change things quickly. I’m thinking better than expected is in the cards.

I will continue to add to airlines, as a hedge against my refiners.

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7 comments

  1. TheV.King

    Bought a fuck load of POWR

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  2. bloomberg

    do you ever look back????? just wondering.
    OPEN is at $106. do you ever say “what if I didn’t sell?”

    just checking.
    because I am getting out of trades so fast the !#$#$!@ shoots up and
    I regret it the moment it leaves my account!!!

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    • The Fly

      When I sold OPEN, I posted that I felt I would regret selling it. Although I’d be remiss if I said it doesn’t bother me, it’s just a series of digits assigned to a few letters in the alphabet.

      There are plenty more OPEN’s yet to have.

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  3. Trading Nymph

    I LOVED the Art for the Post on the HOME PAGE. Pancho Sanchez fetch me my Copper Amore we prepare for battle…lol….

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  4. Mike

    How the fuck are airlines a hedge against refiners?

    both need cheap oil

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