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
16,985 Blog Posts

I CAPITULATED

I am going to live out the rest of my day in shame.

To eliminate leverage and reduce risk, respecting market forced beyond my control, I sold out of MOS,GS and MTW–bring equity exposure down to 101%.

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10 comments

  1. anectotal

    I had a few dollars to invest today. My plan, buy some pm mining stock calls, some pm mining stocks or some physical metal.
    The calls could be the biggest winner (or loser) I wanted something beyond Jan 14, but didn’t see it. Forget the calls. The pm stocks would be better, but I was near the coin / metals establishment so I opted for that.
    visited my local

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  2. flyaway18

    Capital preservation is the name of the game, period.

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  3. Berniecornfeld

    Will you be like the Pope and forever live in seclusion now?

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  4. Mr. President

    If I may ask, in all seriousness, why reduce volatility by going with higher market-cap stocks but then leverage?

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