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
23,446 Blog Posts

CASHED OUT

I can’t say that I am happy about this outcome. I am glad to have sold PANW on Friday. But, on a whole, my departure from TLT, EXC, ETR, into spec names has been a let down. First, my sale of IFON was divine. I took half of the proceeds and bought SOL. I just sold SOL for a 20% loss. Considering where IFON is trading now, I still made out ahead, sort of.

With the TLT-EXC-ETR funds, I had purchased PANW, EMES, ARWR and BITA. I sold all of those stocks earlier today and have moved my trading holdings to a 40% cash position.

With the proceeds of PANW, on Friday, I purchased CYBR and am still holding it.

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32 comments

  1. granpa

    Fly, is RBCN the only sapphire play with GTAT gone?

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    • Ohthe BOMB

      Who says GTAT is “gone”? I bought 5000 today at 77 cents.

      And I am NOT taking my double (as of 12:30).

      They still have equipment and manufacturing technology that
      might attract a suitor.

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  2. Denizen

    Need some sun tan oil to go with your flip-flops?

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  3. frog

    AMZN 09/14 and 10/14 looks an awful lot like AMZN 09/08 and 10/08

    I want to believe

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  4. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    Shaking out the weak hands…this bull run is not for the meek.

    We close higher.

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    • The Profit

      Yea right — this bull run is over. Friday’s rally was a short-cover. It’s over, let’s go, no body listens to techno.

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  5. QEInfinity

    Cash indeud. Now is the time to play the market like this fellow: https://www.youtube.com/watch?v=OADJl-CVDo0

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  6. runawaytrain

    EJECT!!!!!!!!!!!!!!

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  7. MrCharlie

    Flip Flops! haahaa SO awesome….c’mon Fly ya gotta laugh at that one

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  8. OG

    That MBLY downgrade did not help me at all.

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  9. Trader X

    The Fly has been playing this market right.

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  10. magptrader

    too risky and painful to time the short term bounce/trend change

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  11. Danny1980

    I get the feeling that higher low just happened

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  12. Zuul

    Fly – why?

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  13. the pirate

    ‘Rounders’ was a great flick. Arggggh.

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  14. Bdubz

    Anyone do stuff like this? It is a complete scam? http://www.plcmgmt.com/

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  15. Mister Jinx

    Fly, don’t these cocked suckers still need fracking sand? As a buyer of $HCLP and $SLCA last week at what appeared to be longstanding channel support, I am displeased.

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  16. Zuul

    Spoos just went green.

    As another commenter pointed out earlier, we may have just formed a doubled bottom or IHS on the 10-day.

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  17. runawaytrain

    Bears have blown it most of the year…

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  18. it is showtime

    What was that spike in IFON attributed to

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  19. the pirate

    How did me trading in $CLF work out so far? Here’s a clip:
    https://www.youtube.com/watch?v=XeJL-hcIQTk

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  20. Stockthrust

    When the markets get tight, you can’t go into stocks. There’s not enough range there to dick around with. Instead, its better to trade very liquid ETFs like SPY and swing both sides of the tape. This was not a year to make 30%+ after last years run up.

    Things will get even more tighter in the road ahead. Stay away from stocks. You’ll just be churned to the point where your performance will suffer.

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  21. Bruce Keller

    When I went cash on Thursday, it was tough, but I seriously was starting to lose my mind, losing all this money in a position I didn’t even believe in or come up with myself.

    Cash positions are good… they are GREAT really. Sometimes you just have to go mostly cash and sit on the sidelines.

    Then you can really think.

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