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
23,468 Blog Posts

Reset Button Pressed

I am now 50% cash, liquidating everything but WNR (I bought it earlier today), YELP and CPST. I did this to regain control of my destiny. I felt the blend of equities were not working, as evidenced by the lackluster performance. So, instead of sticking with them, agonizing over every tick, I opted to clean slate. It’s good for the mind and the soul.

With the proceeds I intend to reinvest, methodically, on my terms, in names that are better suited for this tape.

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41 comments

  1. FIG

    Good choice. Now buy some MAKO and sleep well at night

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  2. CRONKITE

    did you kick out GLW too ?

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  3. Bill Johnson

    I hope you didn’t kick out CLR…

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  4. Largebill

    CPST looking nice today. Might have to add some more.

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  5. FIG

    I also like gold right about here. Gold stocks have been hammered for a while, and it’s time for a turnaround as the central banks dig the hole deeper.

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  6. riggedgame

    Looks like you fucked up your timing, Fly.

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  7. noodle

    good stuff. If it’s not sublime, put the money somewhere else where it is.

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  8. yesismteve

    CNBC just said CEO of CPST is going to be on FAST tonight.

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  9. Mike

    in CPST @ 1.09……….just bought

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  10. Toronto Trader

    I think moving to cash was a good move…. something feels “different” about this market right now. It isn’t making much progress and all the sudden stocks like EBay are market leaders.

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  11. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Just a little early morning shake n bake…should close up 1%.

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  12. bigpun2012

    Im piling into MLR, RVR, WILC, WU, and XYL.

    See you fuckers when im rollin in a benz, throwing gang-signs up and mocking morbidly obese pedestrians on their way to deadend jobs they inhabit.

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  13. bigpun2012

    also one thing you guys into CPST have to look at is how fast this company is issuing new shares.

    Their share count went from 245,941,000 to 164,462,000 in less than 3 years Sure the company is growing but expenses are really arent coming down much.

    Also look at the lack of free cash generation. Company is leaking more money than a trust fund kid with a bad coke habit.

    Thats not to say this stock cant go from 1 to 5 or something….Stock markets are rational creatures.

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    • bigpun2012

      ARENT* my bad

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    • phoenix

      “share count went from 245,941,000 to 164,462,000 in less than 3 years”

      Sir, your phrasing indicates a reduction in outstanding shares.

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  14. OG

    You weren’t kidding about the face ripping volatility in YELP.

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