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
23,474 Blog Posts

IN FOR A PENNY, IN FOR A POUND

I sold out of EXAS–because it was a trade. When +10% inside of 3 days, one needs to act upon his instincts and take the money. But I am far from over here. I want to clarify something that might’ve confused you in a prior post. Since placing a large portion of my liquid net worth into the market, about a month ago, I’ve been talking two books: one that is managed and another that is mine. Inside of my personal account, TLT is my largest holding, followed by GILD.

In my managed accounts, my largest holding is CBST, followed by a stock that I am about to reveal to you right now.

With the proceeds from EXAS, I swung around and did two things.

1. I added to my ECOM position.

2. I started a position in XONE.

But I didn’t stop there, young lads. I took all available cash and idly tossed it into XONE–because I want my gains to be in 3-D too. It’s not good enough that I make money in boring stuff, like TLT and SLCA. My predatory nature demands that I extricate large sums of dollars from the purses of the laconic sub-mentals, in hog-butcher fashion.

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17 comments

  1. matt_bear

    LMAO @ “want my gains in 3-D too”

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  2. jon v

    Dude – if you want an oil/nat gas services play other than SLCA check out ENSV. I don’t have a big position in it but it’s a very interesting play with a solid management team.

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  3. Raul3

    speaking of the letters X and O and N, it is almost time I add to this half XON position I never managed to size up

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  4. bchu12

    Fly, thoughts on GLD?

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  5. the_wolf

    havent been able to keep up lately but research i’ve done to date = CBST is brilliant,
    screw this i’ll ask inside the hallowed halls of ppt

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  6. boyaj

    Fly, did you buy XONE for both business (managed) and pleasure (personal)? Or is it the other way around…

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  7. gnat

    Ex Ass may be going to the moon.
    I like CBST too.

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  8. Trent J

    The money I would shell out to sit with The Fly and learn from his ways for a week. Even if he had to kill me on day 7.

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  9. bart smith

    Nice earning on XONE. Just kidding.

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  10. Zenhunter

    After I sold $STV, I narrowed down to either $XONE or $CPST to fill in the slot. I chose $CPST.

    But I still like $XONE at this level.

    Cheers!

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  11. bart smith

    Why do you like $XONE? Stellar lack of earnings? When are they going to not have negative earnings???

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    • Zenhunter

      I like $XONE for pure technical reason. Price is bouncing from support that goes back to April of this year.

      If I’ve a position at this level, I’ll put a stop below April low.

      Cheers!

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  12. blackalgo

    how many days until you get bored of your XONE position?

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