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
23,429 Blog Posts

God Loves Ag Plays

Mr. Monsanto vexes me.

Just this morning, I was in my office celebrating the [[MON]] earnings disappointment (I am short), via dancing, singing and demonstrations of outright physical violence towards the MON annual report in my office.

I was fucking shredding the fucker, throwing coffee on it—even throwing loose pages at my trader/servant.

Then, all of a sudden, Mother Market took my “big dicked” gains and tossed them in the shitter and flushed— for the second consecutive day. This fucking stock will-not-go-down.

This, along with other “indicators,” tells me God loves “ag plays.” As a result of this new discovery, I will cease my futile attempts to drive God’s portfolio lower.

After all, there are much better places for my money right now, such as: short [[LEH]] and short [[FED]].

Regarding today’s trading:

Yeah, it went down. But the decline was rather milquetoast.  It gave me a bad feeling in my stomach.

At the end of the day, I regained some of the egregious losses from yesterday’s “fuck you, you’re dead” session.

I added to a lot of dumbass positions, while worrying about the “what if’s.”

Finally, the reversal of the commodity downtrend was impressive, with significant gains in oil and gold. Moreover, the dollar weakened throughout the day. Should this trend continue, expect to see more weakness poleax the markets.

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62 comments

  1. Mushroomz

    The Fly, I read your MON “technical analysis” this morning, pure genius. I will hold onto my SMN position with confidence, and add to it if things get ridiculous.

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  2. TraderCaddy

    Like Soros is going to say anything bad about Comrade Obama. And it isn’t even May Day. Give him a tough question Maria.

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  3. Crude Broker

    LNN still kicking fucking balls.

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  4. AU CONTRAIR

    Long and strong…mister market is tired of negative people. Up we go.

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  5. aris

    i’m just continuing to hold RIG and letting it ship me the boxes of $100 notes that i use to buy big league chew at various local 7-11s.

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  6. hanktrader

    markets get hit hard tomorrow and friday….too much too fast—bull tard are out of steam…..late

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  7. Dogwood

    Anyone watching RIMM? Up $4 to $121+.

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  8. Hank Paulson

    FLY

    I told you yesterday that you are leaning too hard one way, and that mother market was going to bitch slap you and make you question everything.

    Meanwhile, your mexican trader/servant is thinking about looking for another job- at this point he would rather stand outside a HomeDepot just to get away from you. Why dont you guys go in on a few cans of rice and beans, that way you can save money not ordering out for lunch. Every bit helps when your losing money.

    Looks like you have hit a major road block Q2. You will continue to make bad trades and have no luck on the short side. Consider yourself cursed until I take the negative energy away.

    Later….loser

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  9. The Zombie

    Hank, get back to work. Haven’t you heard?
    The Fly is God

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  10. gappingandyapping
    gappingandyapping

    Homos are strange people, especially the burly ones. I mean what the fuck caused that look.

    In other non gay news you fucking idiots called the bottom two weeks ago and much higher didn’t you? Just know sharp moves come in bear markets. What all of the sudden changed and made this crisis only worth 5% down on the Dow? Think about this before throwing funny paper at worthless equities. Ask your neighbor what he will be doing now that he is being foreclosed on? Buying a new Bentley? Doubt it.

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  11. mrkcbill

    Fly this new Icy Blue site is the best.. everything looks polished. Also thanks for putting the market info back up for us home gamers.

    Juice is Bilderberg!

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  12. Hank Paulson

    FLY

    I take back my negative comments posted earlier in this thread-I was in a bad mood. It wont happen again.

    The Fly is God.

    You will continue to make big dicked gains in Q2 (long or short)

    hat tip

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  13. Q4

    Sales of major automakers are down significantly. Ford stated Q2 will be worse than Q1. People aren’t buying cars, they’re buying houses.

    It’s Not Over Yet

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  14. bear turns

    you forgot to piss on the annual report… that’s your problem… you piss on it, God would sell it in an instant.

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  15. who

    what?

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  16. what

    huh?

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  17. huh

    who’s on first?

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  18. who

    no that was not me.

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  19. mei

    that was not me it was you

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  20. Yiu

    Yiu is me… mei’s on third

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  21. what

    so who’s on first, yiu?

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  22. what

    who, me?

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  23. who

    huh?

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  24. mei

    no not yui, me

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  25. huh

    what, Who? And What, it’s not Yui, it’s Mei

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  26. Eric

    I shot the sherriff.

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  27. what, mei, who, yiu
    what, mei, who, yiu

    who the hell’s I?

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  28. eric

    me, thais who

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  29. mei

    it wasn’t me

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  30. who

    I am not Mei!

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  31. eric

    you’re not you?

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  32. who

    I’m not Mei, and I’m not Yui, that’s him (points at Yui)

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  33. Yui

    that is me

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  34. that

    no That is me

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  35. Confused f-tard
    Confused f-tard

    WTF!!!!!

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  36. Bob Marley

    You stole dah song, mon.

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  37. JakeGint

    Holy crap, Q, is that you and some high school buddies practicing for the 12th Annual Brady Bunch Parody Battle of the Bands….

    …or like, what?

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  38. schizo turned former schizo
    schizo turned former schizo

    that’s more crazy than I am.
    and so am I.
    No I’m not!
    Yes I Am!
    Shut up I’m talking.
    On second thought, I can’t do this crazy stuff anymore, to hard to compete with this board…
    We can all agree on that, can’t I?
    Yes
    Yes
    Yes.

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  39. Herbal essence

    stop using me schizo!

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  40. JakeGint

    Chivas,

    Your thoughts on the $TRANny action today?

    I’ll hang up, and listen.

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  41. lol

    So who shot the sherrif, Eric Clapton, or Bob Marley… or “Who”?

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  42. JakeGint

    This has to be Shed. ^

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  43. Juice

    Fleck on the whiny LEH CEO complaining about short sellers:

    “Lastly, in the latest saga of blaming shortsellers, a story made the rounds about Lehman CEO Dick Fuld casting aspersions their way for the price decline in LEH. My comment to that is: Actions speak louder than words. If shortsellers had driven the stock down to a price that was patently absurd on the back of nothing but scurrilous rumors, the right thing would have been for Lehman to buy that stock that was presented at a cheap price, rather than issuing new stock.”

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  44. boca

    I shot him because nobody would shut up! AHHHHHH *runs screaming from the room*

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  45. boca

    OK, I’m calmer now. WTF is up with AAPL? Deliberately allowing a shortage of iPhones because a new model might be released soon, is this rumor or fact?

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  46. Q4

    Jake:

    Klaxons. They’re more of an electronica/trance group, but made an effort to play some real instruments. All my high school friends are dead or in prison.

    A flute with no holes is not a flute.

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  47. chivasontherocks
    chivasontherocks

    Jake,

    i thought they acted great, considering the move in crude today and how far they have come. i think pulbacks will be very shallow. did you read my read of the chart in the up goes the dollar thread? btw, if tc agrees we will get together when you come down. i don’t care if it’s in orlando, but trust me the grove and miami would be more fun. tell me what you think about the transports.

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  48. JakeGint

    Q4-

    A flute made of skin, with one hole, may not really be a flute, but it can still be blown.

    — Ancient Arapaho saying.

    ______________

    Chivas,

    Yeah, I read your note on the $TRAN chart. I don’t put a lot of stoch (sic) in the MACD — kind of a lagging indicator, imho. As for the RSI, if you note, the last time the $TRAN was at its last high before the bear came, it peaked around this RSI level.

    I just didn’t like the look of today’s daily candle… I’m not sure games are not being played, however. Watch out if oil starts percolating here again.

    Also, I completely agree that the Grove is a lot more fun than Orlando (sorry TC). Anyplace where a large number of bars are only accessible by boat kicks ass.

    And the Latinas…. achee wawa.

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  49. JakeGint

    Hedge funds are not Mutual funds… they have no imprimatur to be fully invested… or any percent invested.

    I would argue that a large cash horde is rational here… if you plan to be shorting.

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  50. JakeGint

    ATTENTION:

    If you haven’t done so already, everyone stop over to the Rager’s blog and tell him “good on ya” for finally making that poor girl who skins the nutria he fishes out of the swamp off his back porch an “honest woman.”

    (As far as that goes)

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  51. chivasontherocks
    chivasontherocks

    Jake,

    you just might learn spanish in 48 hrs. lol. as far as the hedge funds agree with what you said with 2 exceptions,

    1- if this mkt rocks and rolls that cash is used to chase performance.

    2- just one more sentiment measure. all my sentiment measures are still showing a lot of negativity.

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  52. The Fly

    Here’s my 2 cents, assholes: fuck the transports.

    I’ll do a chart analysis later.

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  53. gappingandyapping
    gappingandyapping

    Dinner thought: When the fuck did seed companies get 54 P/Es and trade for 8 times book?

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  54. chivasontherocks
    chivasontherocks

    Fly,

    i look foward to your chart analysis. is it going to show planes crashing or trucks falling of a cliff or railroads collapsing?

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  55. TraderCaddy

    The mental institutions must have been emptied this afternoon.

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  56. This afternoon?
    I think that they emptied out on Tuesday

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  57. gappingandyapping
    gappingandyapping

    Caddy I agree, I think someone forgot to enforce the fucking dress code around this place. Fly can you remind all of these heathens that riff raft is not fucking allowed here. Have some fucking class you low end sub prime peasants.

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  58. TraderCaddy

    Reminds me of the time Fidel Castro emptied his jails and mental institutions and sent the Merial Harbor crowd to Miami via rafts and boats in the late ’70s.

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  59. lol

    Mental? I think you mean financial institutions… Pretty soon they’ll be the same thing.

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  60. just watching

    you seed people! With corn at $6/bushel, each individual MON seed kernel is worth about the same as a gold nugget of equal size. Enough farmers will keep paying up. The ones who said they would switch from corn to soy beans are already looking at the charts and regretting it, calling up MON and begging for product. MON won’t go down till corn does.

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  61. Low end sub prime peasant
    Low end sub prime peasant

    (in a Tony Montana cubano bravado)

    You wanna fuck with me? Okay. You wanna play rough? I will bury you cockroaches. I will bury you cockroach mortgage brokers under my seven figures worth of sub prime home mortgages and my two home equity lines of credit on a home thats now 20% upside down…… I always tell the truth. Even when I lie. …Thats how I got a $2M liar loan on 30K worth of income with no money down…….. You wanna foreclose on me? You wanna waste my time? Okay. I’ll strip my house down to the bone, copper wire and all, and just walk away…..

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