iBankCoin

No More Leverage

To outperform the indices, I have to think outside of the box, gain an edge on the brainless dogs called my competition. Sometimes it’s important to go with the flow, be a trend follower and other times I like to go against the tide. In this case, I am simply removing the leverage from my holdings, now sitting at 100% invested, after taking profits in HLF and selling a little FWM.

This isn’t exactly a conservative position. However, for me, it’s a step in the right direction, a tapering of the risk if you will.

For the month of August, without a doubt, I will go long TLT. Bonds always outperform in August and I must be long, if only for the novelty of it all.

WDAY, WIT, USG and EMKR are holding up well, and IMMR, FLSR and SCTY suck. All in all, I am barely down 0.6%, patiently waiting for this bastard of a stock, IMMR, to give me some love.

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12 comments

  1. bugatti

    TLT against the 200 week moving avg as a stop is a great risk reward play

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  2. ken

    $BWLD

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  3. asteroids

    What happened to Devil’s blog?

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  4. Baller

    I am extremely long Comstock Castle Stove Co.

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  5. Hawaiifive0

    I like the new layout. It’s very clean. Except I think stuff at this level should be a bit darker. Fly Sell: $HLF 2 hours ago
    A Crude Reality 4 hours ago
    Detroit Filed For Bankruptcy Today: I Ate Shrimp For Dinner 15 hours ago

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  6. CVC

    fyi hear .CVC: Cablevision Raymond James says they expect CVC would get acquired by Charter if they don’t get TWC:

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  7. Mister Jinx

    New site design looks good, Fly. Cleaner and, as I’m sure your marketeer told you, more likely to lead to conversions.

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  8. OG

    Come join us in YELP sir. We’re leaving without you.

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  9. jskogs

    Hey Senor Fly, new site looks great.

    Did Kong drop off? I don’t see a tab for him anymore.

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  10. John Thompson

    Hey señor le Fly, or whatever u fucksticks call this fat bastard, nice timing on it hlf sell bruh, lmfao, still lookin for ur dick on that one eh? Reminds me of that FRO trade when u bot a stick @ 2.40 and then got castrated…..u best tell moms that ur gonna be a little late on rent, do u mind pausing it world of Warcraft game and watchin the throne while I get lunch? Thanks bub, it will be similar cuisine to what u typically eat (minus the cocks) 😉 – JT

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  11. ripper

    pics on the front page a bit too big for my taste.

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