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Trading with The Fly

Dr. Fly
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
23,441 Blog Posts

Raising Cash

Dr. Fly Fri May 30, 2014 2:06pm EST 5 Comments

I am not bearish, just cautious in light of the bubble stocks imploding again. I told you it was a dead cat bounce. Right now the carnage is limited to tech, with biotech still performing. Nevertheless, I was +25% on my XON bottom shares, the first half of my purchase, so I took profits.

With the proceeds, I remain vigilant, on the look out for moar opportunities.

 

FYI: Those dollars will either be allocated towards a GARP stock or speculative trade.

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5 comments

  1. clegger_2000
    clegger_2000
    May 30, 2014 at 2:08 pm

    Rick Ross is BACK baybee! http://www.youtube.com/watch?v=UkbsYGtDB3o

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  2. smartestone
    smartestone
    May 30, 2014 at 2:14 pm

    But you said you would be bearish is August. I don’t think you are bold enough to short this market.

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  3. it is showtime
    it is showtime
    May 30, 2014 at 2:22 pm

    let’s see how he would have done

    RONG XU’S EARNINGS FORETELLINGS: 4-15

    YHOO – leaning short [flattish but under 50dma NOT BAD]
    GOOG – buy [not much]
    GS – strong buy [not very good for Strong buy]

    Too bad he didn’t survive. Unstellar picks thou (shakinghead)

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  4. ironbird
    ironbird
    May 30, 2014 at 3:02 pm

    What is it with nerds and basketball?

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  5. bushwacker2
    bushwacker2
    May 30, 2014 at 5:19 pm

    nerds love MOAR opportunities

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