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
23,460 Blog Posts

ENTERING FROTH PHASE

I kicked out of my BX and MTU positions for handsome gains. BX was my largest holding, but not anymore. I’ve replaced part of it with RAS. I intend to make RAS my largest position, which should mark my final salvo of extreme risk taking until the fall. As you know, I intend to “cash up” near tax day.

I purchased CLIR, based upon the musings of The Devil. Being that he’s had an incredibly hot hand, I gave it a go. I am looking for $8.

It looks like I am finishing out the day up another percent, pushing my gains to +20% for the year. Keep in mind I’ve done this for the past two years, this being the third, only to give most back in the 4th quarter. Things will play out differently in 2013; I promise you that.

At the present, my largest positions are USG, RAS, BZH, WNC and HLF. Both CALL and my JCP short are respectable–but within the bounds of reason.

Another day floats by and another win is chalked up for Señor Tropicana.

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17 comments

  1. Paul

    So RAS is a short term ’til tax day play too?

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  2. TraderCaddy

    I actually went to a JCP over the weekend (just to see what the fuss is all about) looking for a shirt (golf type) as it’s been over 8 years or so since I bought my last one. My son has been getting free clothes from the various golf companies over the years and I decided I should stop sponging off of him.
    JCP was very low on inventory in the men’s department with plenty of open space on the racks and tables.
    By way, I went to a bunch of places and when did they start having fitted polo type shirts with sleeves almost hanging off the shoulder (Ricky Fowler look).
    It is ugly. I want to blend in the background and not be a circus clown.

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    • The Fly

      Circus clowns play golf all the time.

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    • Jenkins

      So, to be clear, you went in with the intent of actually purchasing a clothing item from JC Penney? Did you do so to wear it or to heap mockery and scorn upon it?

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  3. Mr. President

    Beautiful use of the semicolon.

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  4. Mr. President

    In order to present your alias with due splendor, hold down the “Option” key (I assumed you’re on a Mac) and hit “n”. Then, hit “n” again.

    Viola, Señor.

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  5. speedius

    20%.
    Wow.
    I will always underperform in times like these, doesn’t make it any less frustrating.

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  6. Belly of the Beast
    Belly of the Beast

    A win for the Fly, and a win for all New Yorkers who would prefer their mayor to stay out of their soda.

    Now he gets to spend our taxes appealing ANOTHER law we didn’t want in the first place.

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  7. Trading_Nymph

    There is actually No Comments in Flys last post, that is the first time I have Ever noticed that? If this is not froth, I have no idea what is. Stupid Clams.

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  8. Mr. Partridge

    It’s a bull market you know 🙂
    people argued with me for past 4 years… oh well

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  9. Mr. Partridge

    Nikkei should pop another 150… daily event 150-250 points .. samurai market

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  10. Cliffton Hanger

    BX just hit my entry yesterday. I guess we each have a different style of trading.

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  11. john

    Why out of BX hit a new high today?

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