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
23,428 Blog Posts

Cashing Out

Yes, I am selling into the hole here. The very last thing on the fucking planet that I intend to do is repeat last year’s fuckery. As such, I am merely taking precautions, cutting some losses, booking gains.

I sold out of FMSA, EMES, FL and some SLCA.

I have sell orders in for a few other names, with an intent to raise enough cash to allow me to eat yams all day long and talk shit on the computers.

 

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34 comments

  1. longview

    OK

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  2. traderconfessions
    traderconfessions

    time to do that was yesterday.

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  3. budh

    Cash is going up moar than most stuff.

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  4. J Adabese (your pen pal)
    J Adabese (your pen pal)

    I’m staying with $SLCA for now.

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  5. sspiff

    yams are a healthy part of any diet. So is taking profits.

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  6. dewey dortmunder
    dewey dortmunder

    So your selling is totally related to last year’s lesson of booking gains before they become losses? Do you think this sell off changes your view of the market being up through April?

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    • Dr. Fly

      I think my views change with new facts on the ground. I don’t like this tone, so I am making easy sales.

      Energy is bad; don’t like it.

      I will sell zero habt

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    • Dr. Fly

      Ideally I buy back in soon.

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  7. rangersfan

    Are you still long $CHK , wtf is going on with this stock or is it just natty gas companies in general?

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  8. the profit

    I’m catching the knife here. European free money equities will carry ES.

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    • it is showtime

      03/09
      Mario Draghi is forced to buy “small” amounts of EGBs on first day of QE, casting further doubt on the viability of PSPP. If the ECB is unable to meet its monthly asset purchase targets expect chaos, as the market has spent the last several months front running

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  9. lesurgeon

    Fuck this. I’m in buyer mode. I see opportunities here. I’m buying,turning off the monitor, and pledge not to look till the tone changes

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  10. lesurgeon

    At least my ATRA is up…

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  11. BlueStar: Contrarian Investor
    BlueStar: Contrarian Investor

    Buy the dip. It works every time.

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  12. xxxhuggiebearxxx
    xxxhuggiebearxxx

    Good idea…wait for next weeks fed statement.

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  13. gorby

    Tutto rosso oggi.

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  14. frog2

    Apple introduces a 10 thousand dollar watch that looks like a piece of shit

    Oil off highs by more than 50%

    20% dollar rally

    these arent the highs but its coming

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    • og

      What’s funny is that pos will probably be the hottest Xmas gift this year.

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  15. bruce keller

    Overall breadth has been in a ST DT so yeah, cash to bearish is good right now.

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  16. zuul

    This market is going to crash 85%.

    Anyone with capital left will be buying militias, weapons, and land.

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  17. profiteerer

    Matt, I’m thinking more PhotoGuy than ChristianGustafason (sp?). Then again, it wasn’t all caps.

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  18. it is showtime

    Love when a fakeout comes into play. on my side

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  19. Option Addict

    Still like $GRUB?

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  20. trashman

    I like GRUB. I now do 2k-3k a week in deliveries through Grubhub vs 500-1k through eat24. When they offer good uber like delivery service they will see much wider adoption. I wasnt going to offer delivery at all until these hipsters on bicycles offered to deliver for me for $3 per order. No one wants to manage their own delivery drivers except Chinese and pizza places that depend on it.

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