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
23,430 Blog Posts

GOING FULL ‘HUGH HENDRY’ INTO SEPTEMBER

I sold out of CBST, CLDX, SODA, some YELP, and PIR, some for gains, others for losses. Nevertheless, I raised over 30% cash and allocated half of it to TLT. I am now very much overweight TLT and holding ample cash to buy any dip. Essentially, I am resetting here.

Trading positions that remain are ECOM, XONE, LITB and IFON (not really a trade).

 

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30 comments

  1. lplongo

    Great song.

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  2. BlueStar

    One of my favorite songs. For the children out there it is the song in the closing credits of the movie Wall Street. Debuted in 1987. Le Fly I like your style.

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  3. it is showtime

    Thirty-FIVE months

    Without a 10%

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  4. it is showtime

    And the 75% one will soon follow
    (deep breath atop a mountain)
    I can wait

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  5. ernisTbass

    it was playing while Daryl Hanna was decorating Bud Fox’s new diggs

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  6. Thor

    It’s been 30 years since this video was released – that is, the movie “stop making sense” came out 30 years ago – summer of ’84. Unbelievable.

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    • formergeek

      Saw them in concert that year, nose bleed seats but what a gr8 show. Dating myself…

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  7. gorby

    The question to ask “is it trending”

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  8. Trent J

    I have a buy rating on The Talking Heads and am overweight this particular tune.

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  9. frog

    Why are there copies of the style section all over the place? Do you have a dog, a little chow or something?

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  10. Flicker

    The crash/correction crowd have been so wrong for so long that their cred is gone. Very few people are ready for a very steep and rapid decline. They also forget that months of gains can be wiped out in just a few days.

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  11. dazedflip

    Everyone is in the correction camp it seems

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    • it is showtime

      Disagree. The correction camp has been (correctly) calling the natural-order of a correction for the last several legs

      Is part of (one part of) the evidence of the control/leash (whoever has) on indexes. Market’s controlled. When they let it go it will go

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  12. Munch

    I used to like Talking Heads, because everyone else used to like Talking Heads

    Now that I’m all griwn up, I realise what a pile of shit their music really is

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    • dazedflip

      You sound like a real wet blanket

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      • heaterman

        Wet blanket or not he is correct. There is little real musical value to it. Cool.Hip.Good vibe to it. But after that there is nothing in it that will ensure it’s listened to 30 years from now.
        Many kids of today are rediscovering music from the 60’s-80’s and really getting wound up in it.

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  13. Greg

    Is this like taking away the punchbowl?

    https://www.youtube.com/watch?v=eRc0B8t33Zs

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  14. duckkell

    David Byrne – very strange dude..

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  15. bood

    I’m long and SCOK you better too

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  16. newbalance

    RSH anyone??

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  17. maureen byrnes

    RUBI, was this jettisoned as well?

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  18. budh

    I s HH still short?
    He’s been wrong for a long time.

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