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
23,466 Blog Posts

I Just Sold My Last Meaningful Position

I kicked out HIG for a 3% loss, despite liking the stock for its exposure to Japanese equities.

This is it, the beginning of the crescendo in selling that will lead to the eventual and complete destruction of equities.

Just kidding. But I am looking for a 5-10% dip, possibly more. With the time that I have now, I am blogging, building a buy list (which I will reveal later) and making sacrifices to the Gods (the old and the new), asking them to grant me the honor of buying your margin calls.

I am now sitting with a 73% cash position. However, I am looking to increase my short exposure, so stay tuned for that.

 

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14 comments

  1. Vertigo

    You still have FRO?

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  2. figesmalls

    Any analysis on VHC? Sell off is a bit overdone?

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  3. I Like Turtles

    Not sure why you’re so down on JCP. It seems like they’re doing quite, quite well. http://www.slate.com/articles/business/moneybox/2013/03/jcpenney_ron_johnson_came_from_apple_to_reinvent_j_c_penney_and_ended_up.html

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    • Vertigo

      The price action speaks volumes. $JCP is near its 10 year low.

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  4. frank

    I cant wait for your short list. Can you emphasize a couple of your top shorts in your upcoming post?

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  5. JTU

    Refiners getting hammered!
    Miners and energy stocks in general getting beat down.

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  6. Jakegint

    I don’t know why you’d want to downplay housing stocks when the POTUS is pushing unfinanceable mortgages for weak credits again.

    Hey, can we like, **Star** this comment or something for when Ottnot comes on three years from now and blames the next credit crisis on George Bush again?

    __________________

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    • Juice

      damn that Bush Jr fella ! the gift to democrats that keeps giving

      and if Obama is as bad as most like to say, he’ll be the gift that keeps giving to repubs for a loooong time to come! … that is if there’s a homeland left to complain about !

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    • MX2101

      Despicable behavior by The President. Regrettably, I have not been able to bring myself to buy a house “as a trade”.

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  7. Freebie

    Seems like a top here would just be too obvious. Than again, it was very obvious in 2007 if you were watching for a double top.

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  8. tom

    does the AAPL /VHC ruling not matter anymore?

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