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
19,111 Blog Posts

Removing the Fat and the Excess — Cleaving the Old Portfolio Today

I have zero interest in holding stocks that go down after earnings. I made an exception with HUBS — only because I knew Wall Street was wrong — because I know the company. Seeing the stock up nearly 10 since earnings day confirms my winship. It is now my largest position — 15% of my portfolio — edge-lording higher.

But today I had to sell two stocks that are down post earnings: CBLK, QTWO. I have no allegiance to them and zero interest in buying more, so they’re gone.

CBLK was a small gain and QTWO was a 4.5% loss.

Over in dog-food land, I kicked out FRPT, which is spiraling higher today without news. I took a 10.5% gain there. I like the concept, but a gain is a gain is a gain.

Moving on, I am now armed with some cash and motivation to find something really good. I have fantastic YTD returns, and overall great mix of trading stocks, wonderful quant portfolio, and disposition to win — because I’m thinking clearly and without distraction.

If you enjoy the content at iBankCoin, please follow us on Twitter


  1. gatorsun

    WB long of it at 84.10 as gartman would say

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Fidel Cash Grow

    Does everyone still feel that $FB is dead and $SNAP is taking over? Full disclosure: long both FML

    • 0
    • 0
    • 0 Deem this to be "Fake News"