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Trading with The Fly

Dr. Fly
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

Fly Buy: $SLCA

Dr. Fly Thu Oct 30, 2014 3:15pm EST 4 Comments

I know this stock is spiraling into the ground, emulating an oil rig. But I had to buy it down $9 from the open.

This is a minor position of mine, less than 5% of overall assets. I will continue to buy it as it gets liquidated.

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4 comments

  1. prometheus
    prometheus
    October 30, 2014 at 3:25 pm

    Fly, is the best of breed in this class or are you just doubling down because of the unreasonably steep decline?

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  2. dewey dortmunder
    dewey dortmunder
    October 30, 2014 at 3:33 pm

    Not that my opinion should mean anything to you but I like your SLCA move here. I would do the same with HCLP but I am a little short this week.

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