iBankCoin
Joined Jan 27, 2008
7,405 Blog Posts

Getting Out

I waited for a little strength this morning before unloading most of my longs. But, it is done.

I am now sitting on a huge pile of cash, and have no plans to do anything before the weekend. I sold a little Apple Inc. [[AAPL]] , but kept the majority of my position. Keep in mind I bought a huge chunk last Thursday around $124. I’m also still holding my position in Google Inc. [[GOOG]] — cost basis low 420s.

As for my hedges, I sold a few of my puts in the QQQQs at the open and that helped to offset a few losses. Still holding SRS.

Today did not turn out as bad as I predicted. The portfolio is still up from last Thursday, but nonetheless down today.

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7 comments

  1. Zach Litwin

    buy the dip on FSLR and buy back at end of day.

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  2. Matt

    was up with WFR?

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  3. CubsRock

    Could be a real nice buying opportunity in MRVL if it breaks down below $10. PAR looks hot here also.

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  4. P

    There are some nice buying opps out there, but I would rather take the day off. Monday is going to be another interesting day.

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  5. dan

    im all cash now .

    took a huge kick in the balls wiht AAPL.
    not holding any.

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  6. ShortBus

    Maybe a mistake, but I am buying today, rally into the close and a rally on Monday. 50% cash

    WFR sucks balls. Twice.

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