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
23,473 Blog Posts

Coasting into the Bell

My exit on CLIR was sublime. Truth be told, it wasn’t a very big position, just 30,000 shares. But I made more than $50k overnight, so I can’t complain. It’s true, The Devil is positioning into CALL. But be warned, the law of averages catches up to us all. After seeing both PAMT and CLIR go haywire, I am tempted to go all in on CALL. But I am reminded of all of the times when hubris nearly destroyed me, so the position shall remain small– at around 7% of assets.

My other positions are not working today, with a general weakness foreshadowing what should be considered a terrific bull market.

I am waiting for BZH, USG, HLF, WNC and RAS to move higher. Until then, I am biding my time, looking for the next deal.

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17 comments

  1. clegger_2000

    How do you do it man? I gots to know! 🙂

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  2. Sooz

    Nice!!

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  3. Jrokket

    How can I follow the Devil?

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  4. Regsho

    How about getting back into VHC? (Maybe after your call on CALL)

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  5. Stan

    CLIR profit was great no doubt, too bad your shorts on JCP and AG aren’t working out as well. JUST SAYING!

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  6. Paul

    That was a thing of beauty. Well played.

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  7. Ohthe BOMB

    Who will go to jail based on the inside information buys on CLIR pre-earnings?

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  8. ripper

    FLY, if the DEVIL would be writing for IBC, you would not have to hold these weird contests for 2nd class bloggers.

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  9. Patrick

    When will you add to the $AG short?

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  10. clegger_2000

    MLNX

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  11. It Is Showtime

    I didn’t have CLIR
    But I had GLUU

    Online gambling. Whats not to love for taking other people’s money

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  12. Raj

    Hey, do you remember that guy Raj that got nailed for inside information trading??

    Stop gloating! Not cool!
    But congrats regardless

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  13. TaoOfPatrick

    Even tho we had a nice pop on WNC lately,I thought you would move on by now and leave a brother hanging.Nice!

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