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
23,460 Blog Posts

Booked GAINZ; Took Some Floaters

I sold DRIP, DRV, and NUGT for +19%, +19.6%, and +9% gains. The last two were double sized positions and I’m incredibly grateful for having the foresight to get involved. With some of my cash, I stepped in and bought a basket of SAAS stocks: HUBS, NEWR, and MDB.

Will stocks catapult higher?

I’d like to believe so, at least for the week. But in the event I’m wrong, I have 50% cash to buttress my fall. I will be using price momentum to direct my investments. I might buy more, maybe not. The point is, when you have nice gains in leveraged ETFs, you have to book them.

Off to look for some new longs.

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One comment

  1. numbersgame

    I’m still mostly long, but I had to put my NFLX shorts back on. They are just so roomy and comfortable. $227…

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