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

Fly Sell: SHLD, PLAB, MWW and CY

I sold out of all of the above, raising my cash position considerably.

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64 comments

  1. Yabollox

    Hey Wall St.: They killed bin Laden!

    Wall St.: big yawn.

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  2. Turd

    105 or 155

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  3. genghis khan

    Fly- did you already sell US Steel (X), or are you still holding?

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    • largebill

      Believe he said he sold out of X more than a week ago.

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  4. panamaorange

    There is still too much money hiding in safety trades

    XLV XLP TLT FXY FXF should not be outperforming high beta areas. But, they are.

    So, if we do fall here, it likely won’t be too severe or fast. Still too much fear in the market. When you see safety trades underperforming, you will be back in ideal short territory

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    • Dr Genius

      It is more like clowns remembering May Flash Crash and are raising cash for this month in advance.

      The problem is that if every clown is raising cash, the market is likely to go higher rather than up. I will give some credit to the bearshitters and say that we end neutral for this month.

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  5. Caeser

    If any of you mention WNR again I will fucking kill you

    You all sound like a bunch of whining bitches.

    Whatever you lost, Fly lost x10 so shut the fuck up

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  6. TheV.King

    V.King bought a fucking shit load of….. IOC

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  7. Carsony

    our investors rolling their money more into defensive stocks..
    I don’t understand if interest rates remain low why get defensive.

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  8. Jakegint

    You are eyeing cut rate silver plays, no?

    Tell me you can resist EXK under $10?

    AG under $18?

    _____________

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    • drummerboy

      but when will the miners get their due? even though they should be in the stratosphere with the ilks of oil

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    • discoordinated
      discoordinated

      If EXK will get close to 9 I will be in.

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      • flyaway18

        Jake, I’m beginning to think we can get AG below $17.

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        • Jakegint

          More’s the better. I just started buying it the other day, after all.

          ________

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        • drummerboy

          this is a shake out in its highest order. miners and refiners nuff said

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  9. No One

    WNR looks like it might be a risky but good bet right here.

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  10. discoordinated
    discoordinated

    finished buying my position in MOTR today. finished buying WNR yesterday. I never got to finish buying CCJ before it took off.

    Yesterday I raised cash by bailing on COF, MDT, and sears.

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    • flyaway18

      I hope you bought and sold MOTR before they reported AH.

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  11. Green Machine

    Listen to me now, but hear me later: Conservatives win majority in Canuckistan. This will be big for the oil sands plays. SU, CVE, CNQ.

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    • razorsedge

      im lookin at su, its down but beat by 2c and profit was up so why the sell off

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      • razorsedge

        never mind,,libya,,,got it

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        • Green Machine

          Don’t expect it to go up tomorrow – your guess is as good as mine as to what the market is doing right now, but it took a major beat down today relative to their peers and they won’t be posting shitty results probably EVER. They just seem to make money and beat estimates no matter what.

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  12. flyfollower

    zachs just posted strong buy for WNR and oversold condition. Not that it matters much to the people on here, but figured I’d share the word.

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    • ruggyup

      One of the great money making strategies for a few dissidents has been to follow the Zachs recommendations and do exactly the opposite.

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  13. john

    The WNR will be a dead money trade for a long time. There is no catalyst to drive price up and equally there has been no support for price at this range. The path of least resistance is down. Even if earnings are gangbusters, I suspect too much damage has been done to the stock on the interim for any good news to have any meaning impact.

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    • Go2mars

      Sale of a refinery would do it. Combine that with record earnings in ratio to debt… There is potential.

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  14. Dirk Diggler

    The new Beastie Boys is pretty good. EOM

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  15. Trading Nymph

    Fly, this is why you are a great trader and I rather suck. When a trade goes wrong on you, you cut fast and hard. I sit and try to figure out…

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    • Trading Nymph

      btw, China Govt posted last night a statement on their site about Prices being top concern, hikes, etc are their tools. Gossip was a rate hike, but OMG when India got all ballsy on their Rate Hike I think China just sat back and said “Dammmmnnn, India, ya got balls”…lol.

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  16. LD

    I own lots of WNR and am considering buying more to average down. Looking at dailyfinance.com/headlines, it shows that WNR Chairman Paul Foster, 10% Owner has been selling 127,500 shares of WNR about twice a month for months:
    3/11/11 at $14.96
    3/18/11 at $16.27
    4/13/11 at $17.46
    4/28/11 at $16.96
    etc…
    Hmmm…

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    • Martin

      Doesn’t matter, it’s going to $24 with heavy buying leading into earnings. At least that’s what somebody said.

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  17. Meglodon

    Datta boy now put a cold compress on your arss… after the arss kickin u took your gonna need as much nuturing to yoru backside as possible.. u back door stock pickin bad arss!!!! Peace out!!!

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  18. ruggyup

    Barely Bare Bear says India got ballsy. Compared to you India is bupkis.

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  19. Green Machine

    Added PWE.

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  20. Toobusytootrade
    Toobusytootrade

    WNR’s insider has over 20million shares so he’s auto selling 2x per month

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  21. Jakegint

    This is so crazy, I thought it was a hoax, or at least a joke…

    but apparently, it isn’t.

    ________

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  22. Frog in Dynamite Stick Car with Lit Candles
    Frog in Dynamite Stick Car with Lit Candles

    The media, with their love for crazy things that their viewers might find entertaining, will probably cover it and interview all 2 or 3 people who attend it.

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  23. Kwame Brown

    $WNR needs to eat some fried chicken to power up.

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  24. john

    Check out SAAS. Appears to be pent up buying pressure. As always, caveat emptor.

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  25. razorsedge

    todays mkt action is a yawn,,so im gonna make some onion soup, anybody want some?

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