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
23,454 Blog Posts

Raising a Little Cash

Fool me once…

I sold out of my largest position, RAS, for an 11% one week return. And, I kicked out WNC for a 2% gain. With these sales, I am no longer leveraged. Instead, I am in a 15% cash position.

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9 comments

  1. chivo

    Good move.

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  2. Freddy Fishsticks
    Freddy Fishsticks

    Thesis change on the upcoming and ongoing dividend increase at RAS? If it and the market are unchanged in a month would get back in?

    I guess what I am asking is, do you have a long term view, yay or nay, on RAS?

    Divvy goes ex in 10 days, I’d like to sit through that.

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  3. Marty Bastard

    What’s your timeframe/general target on BV? I may or may not foolishly have gone long on yesterday’s close.

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  4. casey

    i have been looking at shorting hgsh. the stock is up like 1000% over the last 6 months and is in china real estate. any thoughts?

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