A great man once said: “When in doubt, go eat a sandwich.” Those magical words still hold true today, despite all the advances in modern technology.
You need to exhibit patience, while attempting to become a “space alien magician.” There will be lots of pops and drops, most of which will be headfakes—designed to bankrupt you and steal your wife and kids. With the market up this morning, I intend to do the same thing I did yesterday: nothing. While some of the ADD type find this sort of behavior reprehensible, I declare: trading all day long is boring.
Stop having a boring life; stop having a boring tuna.
With a little luck and a lot of dry ice, I am hoping for a “rig-killer” in the Gulf of Mexico this summer. I want to see Geraldo Rivera and Shepherd Smith hanging horizontal, as a “Deacon of Death,” barrels through the region. With that in mind, it’s time for you to get your hurricane game on, starting with a small [[UNG]] position.
At the moment, my top picks are Huntington Bancshares Incorporated [[HBAN]] , [[ENTR]] and General Cable Corporation [[BGC]]
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GIF
Can someone explain the hurricane trade. Yes I know that rigs and shit get knocked out into oblivion however the market surely adjusts for that as a temporary set back, no?
If the storm is large enough and does enough damage then the price spike can last a couple months to a year or more, thus the cane o’death trade.
The Hurricane trade is an old worn out piece of shit. It worked with Katrina because the entire Nat Gas complex had already been running like a bitch into hurricane season. This year, Nat Gas has been getting pummeled into oblivion like a crack whore in the sequel to “White Girls like big black cocks.” Natural Gas companies are nearly all insolvent, with Cramer favorite CHK taking the top prize. If you are into playing the lottery, pick up some NGAS, and hope for Katrina 2!
There’s a sequel??!?
Thanks Fly, I needed that after my losses yesterday. Breath deep and stay on top.
I’d appreciate a lesson in Hurricane season too. I’ve traded it so so over the past few years. Last year remember the refiners run. WNR TSO VLO etc. The Fly was big on WNR and made a killing. I notice WNR is in the shitter and I ask myself should I buy?
But alas I do not know. Dear Fly sir or any of the tabbed bloggers best suited to explain the HURRICANE phenomenon trade.
Check out Dr. Cane for starters.
Daniel Son:
Paint House.
Dr Cane’s knowledge of weather is amazing. Well worth the time.
That’s what happens when you study that crap at Harvard.
Is he? He got his weather license from Harvard? Wow and I thought they only turned out bonehead liberal lawyers from Hardvard with one currently occupying the white house, who you voted for Fly… I might add.
Yeah…I thought Harvard was all about the Social Engineerig.
You might call Mandy Drury and offer her a contract for some iBC promos before she leaves.
She’s Australian. She has nice eyes, hey? Like her accent because that’s how I talk.
Fly needs to heat the place up as it’s far too masculine. The site needs a woman’s touch,.
I think we scared them all away.
Maybe he can lure Erin Andrews by threatening to spam her nude video all over the site.
Well said. That my good man Fly is exactly what Mr. Livermore meant when he said:
“The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. Old Fly was dead right in doing and saying what he did. He had not only the courage of his convictions but also the intelligence and patience to sit tight. “
this was a really hilarious / excellent post, for a variety of reasons
yea it is pretty funny. This time the readership didn’t cop a blast which should make us all feel good.
Fly is the only blogger I know who despises his audience … collectively of course.
Fess up Danny. You like the post for the tuna line. I throw them in there for you.
that is definitely true.
I just dumped the last of my $TTES for big dicked gains… while the peanut gallery buys shit hoping for hurricanes.
This is indeed a gap-fill headfake. Nothing bullish going on — but the computers occasionally take back control… it’s actually rather easy to tell — if AIG/CROX/COF are green — shorts are not just going to get reamed — but they’ll get reamed all day into a butt-fuckery closing.
Nonetheless… I sell out value plays at the highs today and rebuy other value stuff that nobody will touch because the one thing that is for certain is that the majority of readers here are lemmings and are just sitting around waiting for Chart Addict to give them free picks so they don’t have to rely on their own brains to make decisions.
Hurricane plays… christ almighty. This is why the market never goes down. You can always pump crap and ppl will buy it.
Mr Miyagi your a fuckin ass. My hand is killing me! I’ve been painting this fuckin house all fuckin year for your rice eatin Sensei ass!
Did I say that out loud?
Henry…well done on RTK…!
DVAX add @ 1.58
all stocks are crap shoots from one day to the next…look at AXL today…no one wanted it yesterday, so playing a gamble on hurricane season isn’t any different than any other crap shoot in the market…..everytime we buy a stock we are rolling dice, nothing more.
If we bought stocks purely on solid fundamentals, most should be zero right now (including most banks) if reality was ever a real factor in this game.
so buying UNG on a hope of rig damage is as good of a crap shoot as anything….hell even FTK might one day actually go up….ha ha ha
I gotta get back to work…I have a house to design. but I am not playing the natgas theme, I’d rather play metals.
BTW Henry what are your holdings now? if you don’t mind.
I am eating a chopped liver sandwich on rye with a potato knish on the side as well as a small bowl of matzo ball soup.
Plus an egg cream on the side. Let me know if you want some Fly because I have extra. Just knock on the door.
Hey Steve. Tell me how you make an egg cream without milk.
http://offthebroiler.files.wordpress.com/2006/03/IMG_2418.JPG
Rabbi Shapiro said go for it plus Fly being a man of all faiths has blessed it.
taking huge RTK profits 2.17
holding huge position still!
great call laddie…
UNG will blow away your bank account worse than a hurricane, it sucks and blows. Buy APC instead if you’re playing natural gas.
Took most of my RTK off between 2.17 and 2.25