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Trading with The Fly

Dr. Fly
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
23,431 Blog Posts

Cleaning Up the Old Portfolio

Dr. Fly Mon Jul 13, 2015 11:35am EST 4 Comments

I sold out of SEM and CMCM, one for a small loss, the other for a large win.

For the past hour, I’ve tried to find some place for the proceeds. I cannot.

I am stuck in the amber of indecision. With the market already up 200 and everyone circle jerking about the NASDAQ exchange, I think it’s best if I’d refrain from adding into the tape. The prudent move is to lock in gains, clean out the losers, and ride your good stocks forward.

As you know, “The Fly” is a person of extreme prudence and decorum.

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4 comments

  1. skulduggery
    skulduggery
    July 13, 2015 at 11:54 am

    ““The Fly” is a person of extreme prudence and decorum.”
    Oh, without a doubt, unless crossed, then he’s an orbital space cannon wielding beast.

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  2. duckkell
    duckkell
    July 13, 2015 at 11:58 am

    in QLYS at $40..fish or cut bait??

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  3. matt_bear
    matt_bear
    July 13, 2015 at 12:10 pm

    can’t ever hold the cheetah too long. it bites the owner in the end.

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  4. vandamme
    vandamme
    July 13, 2015 at 2:23 pm

    Cenx looks good again

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