iBankCoin

Reshuffling the Deck

I had a moment of clarity, like a drunkard thinking clearly for the first time in weeks. What on God’s coal infested earth am I doing in all of these Chinese burritos stocks? So I sold all of them but one: LITB.

I sold QIHU, VNET, XNET, ZPIN and CMGE. The basket of noodles made me some bread, so I am happy with the outcome. Simply holding onto these names and risking an earnings shortfall would be unforgivable. SO treated them as they should be treated: transitory.

I also sold out of 75% of my JAZZ position, after the 20 point move here. With the remainder of my position, I will hold until the end of days.

With the proceeds, I intend to switch my focus to stocks that are audited and don’t lie about their growth rates. Or, I might just go biotech and say “YOLO” while sticking my middle fingers in the air, driving an automobile without hands.

DEVELOPING…

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13 comments

  1. Trent J

    Im up large on TEDU and LEJU. Earnings on those tonight and tomorrow morning. Must. Make. Decision. Soon.

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  2. matt_bear

    regarding your last idea….the beauty in those kinds of trades is that there are only 2 outcomes, so it takes complication out of life. You’re either hitting it big for extreme winship, or your family comes home to see your body dangling from the 2nd story balcony.

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  3. og

    Maybe I should have been all in on AAPL instead of YELP this year.

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  4. Billy Cutting

    Jonathan Football-esque

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  5. Trent J

    Will iBankCoin be adding a BitCoin trading blog? iBankBitCoin

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  6. bonobo smores

    Once you tasted the burritos you can’t just walk away. You’ll be back. Holding on to DSKY and SINA.

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  7. lplongo

    Very surprised. ZPIN DSKY LITB all look like they are poised to make real gains… but not that I kno wwhat I am talking about.

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  8. it is showtime

    Oh, my, God. The euphoria. Is killing me.
    (eyeroll jackoff gesture)

    Out of YGE finally. For some cassssssh

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  9. tradercaddy

    And while you YOLOing you can call The YOLO Boutigue in Ferguson, Mo for some new threads.
    http://www.thegatewaypundit.com/wp-content/uploads/2014/08/DSC02678.jpg

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  10. dewey dortmunder
    dewey dortmunder

    Had I not been a piker, I could have used an email on xnet but I now bank corn hole for that error.

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