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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
23,452 Blog Posts

Fly Sell: TNA, FLS, RINO

Dr. Fly Mon Jun 14, 2010 9:49am EST 7 Comments

Raising cash today, I sold out of my monstrous TNA ($46+) and FLS ($92) positions. And, I sold my sole Chinese lotto play, RINO ($12.70-12.80).

Just like that, I have a 25%+ cash position. I am done selling today, barring some sort of fucked up downside reversal. However, I may begin hedging shortly.

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7 comments

  1. jg
    jg
    June 14, 2010 at 9:59 am

    ze fly is ze god

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  2. xxxHuggieBearxxx
    xxxHuggieBearxxx
    June 14, 2010 at 10:01 am

    I followed suit. Sold off everything except my core QQQQ and VBR positions, and hedged those in. Also still have 25% gold.

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  3. The Fly
    The Fly
    June 14, 2010 at 10:01 am

    not hedging yet

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  4. Rand
    Rand
    June 14, 2010 at 10:04 am

    Good weekend? Mine i spent working in beaumont. Not much to see there, but the work went quick.

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    • mrkcbill
      mrkcbill
      June 14, 2010 at 10:08 am

      Typical Sunday….listening to bearshitters.
      Foooogly out there.

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  5. DS
    DS
    June 14, 2010 at 10:15 am

    Fly,

    What are your thoughts (if any) on UNG/nat gas?

    Thanks

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