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
23,500 Blog Posts

Rebalancing

Just a quick note, as I am busy creating art by way of proper asset management.

I sold out of GMXR and WFR because they fucking vex me. They are lazy stocks with psychopath CEO’s. I should have sold them when they popped; but I didn’t. Nothing says “look at me, I’m a fucking asshole,” like holding a stock due to sentimental purposes. So, I sold them.

I blew out of THQI, in order to book the win. A big win it was, indeud.

With the proceeds, I repositioned my portfolios, rather drastically, adding  to CLF, KBH, Q and CCJ. One of these stocks is my largest position. However, I don’t feel like telling you fucking ingrates right now.

My advice is simple: use today to cut loose losers and add to winners or stocks that you feel are ready to move now.

NOTE: I added to my REXX position, in an effort to squeeze the shorts FTK style.

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36 comments

  1. TheArtist

    eggcellent…

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  2. alphadawgg

    You are definitely back in bidness.

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  3. Colonel von Ryan

    Don’t hear anyone squawking about the new tax code…the IRS is preparing to lower the boom and it looks imminent but everyone assumes that our politicians are on top of it….not…

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    • Jakegint

      They take care of it now, or with the new Congress, retro-style. Let it be Nancy and Harry’s crowning achievement that they fakked up even this simple task.

      Make the Dems “time in the desert” 45 years instead of 40 this time.

      ________

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    • drummerboy

      just read parts of this commission,and yes, the irs is in it. but it reads like they’re going to cut across the board,sounds more like the highest will be 28% on income. all capital gains taxes will be set at your rate of income tax. which is no bargain,unless your in the lower of brackets. corporate taxes will be cut also.sure didnt sound like the boom being lowered anywhere,except on the irs itself.

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      • Colonel von Ryan

        I deal in reality, you deal in ” what if “…

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        • drummerboy

          if the dumb fucks in congress go with this commission finding ,you’ll see a reality alright .

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  4. A Monkey with a Magic Fucking 8 Ball
    A Monkey with a Magic Fucking 8 Ball

    Your largest position is CCJ? Just a guess.

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  5. Le Fly

    That info is for members only. So sorry

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    • A Monkey with a Magic Fucking 8 Ball
      A Monkey with a Magic Fucking 8 Ball

      I’d join but I gotta work for a living. I don’t have all day to stare at the PPT screen. I’ll just leech of all your asses. =)

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      • drummerboy

        we alls got to work for a living,and gonna give myself the only thing i would like most under my tree is a sub to the ppt. so i dont have to pound nails, hang drywall. and repair furniture and cabinets anymore, go ahead keep working,you get sick and tired of manual labor all your life. and peoples troubles,its depressing as shit anymore.

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        • Cascadian

          I love doing that stuff! Buy the old shitter houses and pretty them up on your own. there’s still $ in doing that if you don’t get too many houses bot at any one time.

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          • drummerboy

            there are too many gems out there for the taking with not much to do to them.the new fad as of late.foreclosures.

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  6. Busho

    lol:

    wow — I think I want to pay up to find out the largest position.

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  7. Cascadian

    OK. I am now 1/3 cash. Following your destructions today.

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  8. panamaorange

    I said for 2 days, wait until we get above ES 1190 to start pushing shorts again. But, you do not want to be capitualting and chasing long, with small caps and retail stocks all parabolic. Whenever those sectors go parabolic, the move down is very fast, and very severe. That is not what you see in a healthy advance.

    A healthy advance would be led by XLP and XLU. The granny stocks.

    http://www.youtube.com/watch?v=8p7Q6v8ZsMc

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  9. Trading_Nymph

    I have seen these PMI Party Hat days before, everyone is all jumping around happy with their Party Horns over the Great PMI data…and then all of sudden the party stops and the hats are left on the floor.

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    • Trading_Nymph

      Also, fwiw, I just saw on China Gov Site that “China’s consumer price index (CPI), the main gauge of inflation, is likely to accelerate from October’s 4.4 percent to reach 4.7 percent in November, a report issued by the Bank of Communications said Tuesday. “…..those banks always seem to get it right, big surprise there.

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      • Po Pimp

        Still short Indian iron ore billets? Have you had your margin call yet? Dont’ worry it’s coming soon.

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        • Cascadian

          You’re trying to make fun of the nymph.

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          • Trading_Nymph

            I don’t trade on Margin….Tutition Money is worth every penny. Most are born to trade and know everything or just follow the crowd to perfection. For me its a lot more hard work. BTW, even with China two PMI’s, which China itself was not that impressed with last night, Spot Billet was flat in the ports of China, lol.

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  10. Cascadian

    This is a day for selling into strength. Buy back when things look shitty.

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  11. Le Fly

    Everyone gets a bailout, even whole continents!

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  12. Jason

    Who knew Mr. Softee was such a stud? MSFT, the resurrection begins right here, right now!

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  13. riggedgame

    Friday noon is selling time.

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  14. Squid

    Fly or someone,

    what is the inverse and or leveraged play to EIM? (munis)

    its too slow for me

    Thanks

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  15. alphadawgg

    Nice call on PSUN.

    DNN is melting the faces off most stocks, even URRE.

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    • Squid

      Yep, thanks for reminding me

      “its a good thing” I sold out of URRE last week

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      • A Monkey with a Boxcar Full of Gummie Bears
        A Monkey with a Boxcar Full of Gummie Bears

        The volume on URRE has been large, DNN 2x volume today. URRE Beta 3.76, yeah babay!

        I think I’ll stick it out a little longer with both. The Chinese are buying up the uranium mine stocks.

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  16. TheArtist

    you still in V

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  17. drummerboy

    q,today ex day.nice move. heres one i played a few back,sob’s had a two bits divy before they bought a shitload of subs from vz.ftr,paying 0.1875 divy on a 9 buck stock. ex….12/9 . if one has the patience, this ftr,,,,, could be gold jerry.

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