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
23,460 Blog Posts

Off Leverage, Chilling

With the sales of RAS, AMBA, TRLA and some YELP, I’ve eliminated the leverage and gone to a 20% cash position. I pressed the envelope for a long time and made fantastic gains. Now is the time to chill, relax, and watch the monkeys make fools of themselves.

My year to date gains have topped 50% today and I am working on a few new deals. But I will be patient with my purchases, as the market spirals higher, risks increase.

I am surprised to see IMMR down today, following AAPL’s debacle. Understand something, IMMR makes more than 50% of their revenue from Samsung, who is dominating Apple in Asia. Any loss for Apple is a gain for Sammy, and by extension, a gain for IMMR.

My top 3 positions are IMMR, GOGO and POWI.

If you enjoy the content at iBankCoin, please follow us on Twitter

18 comments

  1. jules

    GOGO gots dat MOMO.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. steel man

    GOGO strong again today. Can internet service be offered directly by airlines without using GOGO or a similar provider? Seems like JetBlue is doing this.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • jules

      I was reading that about JBLU, they will be wi-fi equipped by the end of 2013.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • j livermore

      Why on earth would an airline not farm this shit out. Jetblue is fucked for going it alone. Long GOGO here, but can’t understand why airline would do it themselves. Seems like a shitty management decision to employ people to handle this within the airline.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  3. steel man

    TRLA still looks so strong

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. gatorsun

    its all GOGO well done …now its all over cnbc/cramer

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. j livermore

    Yea, CNBC and Cramer trail Le Fly once again (extra 20 minute delayed quotes).

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. jules

    I just sold to cover GOGO Oct 15 calls, getting 3x what they’re worth.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. clegger_2000

    GOGO is on the go … go

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. duckkell

    thought you had a small long AAPL position?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. mr.partridge

    Hat tip on that GOGO, still holding.. amazing.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. ripper

    deals outside of the stock market?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. mr.partridge

    SCTY oh boy

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. ripper

    CVD Equipment initiated with an Outperform at Northland Securities Target $16.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. gatorsun

    z indeed

    • 0
    • 0
    • 0 Deem this to be "Fake News"