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
23,451 Blog Posts

Trying to Time This Thing Just Right

My RUBI purchase is working wonders; but I’m bleeding out a little in some of my other positions. At the moment, my three largest holdings are TSL, SGEN and RUBI. I am tempted to cut a quick loss on one of my other positions to make room for something that is trending, which is obviously gold. Say what you want about the metal, it is working.

Actually, now that I am looking at it, there are two stocks that I might sell.

It is a delicate balancing act that I am partaking in and sometimes I get it wrong, like when I sold FANG at $70. The point is to keep going and never look back. Some deals are wins and others are miscommunications. There aren’t any losses because we’re not done making money.

That being said, I’m unsure as to whether the weakness in momo stocks is temporary or something that might persist over the next few days. Just remember the pain you felt when these stocks were heading lower and try to keep moving, if your brilliant ideas stop working.

We don’t have time to wait. These ideas have to work quickly.

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13 comments

  1. THE_WOLF

    in your infinite wisdom professor fly, do you see any opportunistic pullbacks in silver/gold, or do you think it will continue to run into july/august ?
    where will the battle be won, 1300 ?
    how do you see it playing out good Dr ?

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  2. Gold Member

    Bought me some AUY this morning. Too late to get into AGI?

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  3. figesmalls

    Pounding the table with the drillers….DRILL BABY DRILL!!!!

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  4. rahagar

    No MRKT bot yet?

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    • rahagar

      bot a little MRKT meself, 27.14. And a little MOBL earlier 10.00, risking just to 9.85 low.

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  5. it is showtime

    sold STEM
    sold YGE
    AUY flying

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  6. wayne

    Fly wnr was a favorite of yours years ago in the teens . whats your opinion now?
    the crack spread is not what is was a couple years ago but the company has a stake in nti and is projected to have excelerating earnings

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  7. wayne

    fly alj here is a buy

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