Some mysterious blog posted some pictures of a CAGC factory (THE TOMATOES ARE NO GOOD) and morons headed for the exits, creating a funnel. The end result: shares of anything trading in China got God-smacked, including CHBT and more notably for me BORN. Over the past several weeks, I’ve diluted the importance of BORN in my portfolios by spending all available cash on other longs; but it still stings. I am currently down 12% on the position and it is illiquid. Meaning: if I sell the stock, the price will not sustain current levels. Good thing I have a head like a bag of stones. I will stay in the stock until it goes to zero. If these assholes can’t make a living off getting people without morals drunk, then life is a lie.
In other news, I bought size in GNK and IPI, into the bell. All in all, today was a wash, up less than 0.5%, thanks to gains in VCLK, MOS, AGU, ATPG, KEG and BZ.
I look forward to enjoying yet another fun filled day in retardville, with you morons, tomorrow.
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BORN has crushed me
You should not have weighted it so heavy.
Every time you say “add”, I interpret this to mean “double position”. Is this incorrect?
ultimately, these types are the most funny posts on iBC
usually add means take another mortgage out and trade accordingly
http://ibankcoin.com/woodshedderblog/2009/12/23/atr-position-sizing-and-stops/ read this Butch
A not so great brains to balls ratio made me start a small position in BORN this afternoon.
Maybe you do have an IEP.
JTU buy BORN @ 11.50 and 12.00 for no good reason!
Fly, I love the way you speak to us, as if we all have IEPs.
THANK YOU FLY!! I was trying to figure out the source of this strange action….btw, Kyle Bass’s letter to Investors http://www.scribd.com/doc/48881153/Kyle-Bass-Hayman-Investor-Letter-February-2011
I read that letter yesterday. Definitely doesn’t give one warm and fuzzy feelings about this market. So what did I do today? Bought more stocks. It’s getting ridiculous, but fun.
Here is some video of Kyle Bass on the CNBC courtesy of TraderMark http://www.fundmymutualfund.com/2011/02/video-kyle-bass-heads-to-cnbcs-strategy.html
Kyle Bass is an idiot.
a very wealthy idiot.
Because he’s wrong about Japan? Or just a through-and-through idiot?
I have to agree– Idiot. Non-academic central bankers with “real world” experience are better? Not so in the 1930’s.
Lets put bernanke in charge of a hedge fund and bass in charge of the fed and see whose the idiot
Bernanke is genius
(Swoon)
Janet I thought you had a thing for Ben. lol.
Most people, if lucky, can make one great call in their lives…rarely, if ever, two…he had his great call, now he needs to move on.
He was smarter when he was fatter – it showed he spent most of his time researching and ordering take-out…now he’s spending too much time on the treadmill.
Sorry V.King…doesn’t reflect on you, you were never heavy.
You still haven’t said why Mr. Fly.
Look at that FTK getting out of the bun. Sneaky little FKTer puts in another base and its liftoff time again. Brings back good memories, no?
DE is/was the play. Farmers have $ and wet dreams about new tractors.
just giddy.
Yet HRBN shrugged off this sudden phobia of Chinese burritos.
$24 takeover just around the corner, still 25% upside available.
Copper has looked like shit the last few days. As goes Dr. Copper….
Folks around the internets and chats have often said
copper is a tell for general market direction…
we shall see
I will be posting a copper chart before the weekend. It is a monthly chart and it is very telling.
Hey! honestly. fuck born. thank goodness i only bought 1k shares…i will prob hold until 0 also, because thats the kind of roll im on.
At 0 they can rename it born free.
Huggie, I’m starting to worry about you again…
is that you, jake?
Nah, it’s Val,
but I follow Jake.
hehehehehe:) yea, thats jake,lol…hi val….thats funny
Or Norb.
Any news on BORN’s earnings, anybody, they reported today. I listened to their webcast but I couldn’t understand a fucking thing they said!
Well you are an idiot. That was last qts report
Oh! Sorry about that!
I thought I had read Feb16, 2011 somewhere, my mistake!
Thanks for your kind words though!
I’m with Huggie. Long BORN. Now down 68 cents per share and don’t give a fuck.
word kid, word. i will ride this bitch down to no man’s land and not even give a fuck. i might even enjoy it a little bit.
LOL! nothing like being 50% out of the money to set you straight
So I go to check my mail today (it’s a rural type box as I live on three acres of woods) and got a surprise when I opened up the door.
An Eastern Diamondback Rattlesnake was coiled up in it as I reached for the mail.
Scared the crap out of me.
I went and got a long pole as well as parked a running car nearby.
With the pole I knocked it out, got in the car, and ran it over about six times (back and forth).
Most excitement I have had all month (not counting Jan. where I had an emergency root canal and the pump in my well went out).
bro someone tryin to kill you, seriously…
The snakes where you live are capable of opening the lid on a mailbox? Yikes. Evolution is not necessarily a good thing I suppose.
It is a bricked box and the mail drops from the top to the bottom where there is a door that swings open in order to retrieve the mail. The snake probably got in through the gap in the bottom door and was probably trying to stay warm at night (been in the low 50s- high 40s).
And then there was the Black Bear that actually picked up my gas grill (including a full tank of propane) and turned it upside down trying to get to the food it smelled on the grates from the burgers I grilled for dinner.
You have black bears in Florida? Did you keep the snake for a boot / hat / bikini -maker?
Referring to a pump in an oil well somwhere, water well for your place, or is that some dentistry term I never want to learn?
whoa tc too much excitement for a couple of days no. and a full tank, god damn.
Maybe the Lord is not pleased with your impersonations? 🙂
Is there some dumb county law there about not discharging a firearm in public ….tsk tsk
just asking but I can’t get BUCY to come up in the PPT symbol area, earnings tomorrow…just wondering, might be the next $100 roll
Bucy was acquired
I’ll make a note
funny you mention cagc and ipi. came home for lunch and looked at them both………..i spit on both of them…turned off box,went back to work.
http://www.abc.net.au/news/stories/2011/02/17/3141943.htm?section=world
“Solar flare to jam Earth’s communications
A powerful solar eruption that has already disturbed radio communications in China could disrupt electrical power grids and satellites used on Earth in the next days, NASA said.
“X-class flares are the most powerful of all solar events that can trigger radio blackouts and long-lasting radiation storms,” disturbing telecommunications and electric grids, NASA said.”
===================================================================
Billy Meier, Contact 476 – Feb 3, 2009
Billy: Regarding the Mayan calendar it must be said that the year 2012 will bring a whole series of quite special events, to which the central star of our system, our sun, will contribute its share, because on the sun’s surface violent outbursts will occur and sun storms are caused, which will be very intense and will influence Earth’s geomagnetic balance.
Through the very strong X-rays falling down on Earth, the magnetic field can suffer from very strong fluctuations. And through geomagnetic storms, power supplies and all electronic appliances can collapse, also those in the satellites, and the ISS may also suffer great damage or may even have a complete (power) failure. Such solar storms may lead to enormous natural catastrophes, and in a worst-case scenario, to a polarity reversal of the Earth’s magnetic field. What has to be said also is that such solar storms are forming up to a climax in an exact rhythm of eleven years, which is a normal occurrence, but in the year 2012 it may happen in an extraordinary magnitude. The Earth will fall victim to a very strong bombardment of hard radiation, which may have a very negative effect on the Earth’s ozone layer.
X-class are not astonishingly rare. Last one was 2006, and it was bigger than this one. The next “1859 Carrington event” is the one to fear.
As to Billy’s comments, I’d like to see his solar model. Watching the movie 2012 is not “good credentials”.
“In 2012 a giant potato will rise up from the earth (In Idaho), and fight the giant potato from Prince Edward Island. The cataclysm will probably boil most of the oceans, rendering the potato combatant overlords well salted and delicious. According to the Mayans.”
http://www.futureofmankind.co.uk/Billy_Meier/2012#Contact_Report_476_Translation
That’s excellent, although Bruce’s Billy Rambles remind me more of the “Prophet Scene” in Monty Python’s Life of Brian, where they range from the vituperative down to the last guy who speaks in almost complete vagueries (“And a man shall lose his friends hammer…”)
_____
“If these assholes can’t make a living off getting people without morals drunk, then life is a lie.”
One of so many quotes that have brevity yet speaks volume. I don’t have to point out the true gift you have with words.
2nded!
“Hello Sam!”
“Yea.”
“Whatareyoudoing?”
One of my favorite Jerky Boys bits.
BORN news
China New Borun Enlarges Customer Base in Sichuan Province
02/17/11
BEIJING, Feb. 17, 2011 /PRNewswire via COMTEX/ —
China New Borun Corporation (NYSE: BORN; “Borun” or the “Company”), a leading producer and distributor of corn-based edible alcohol in China, today announced that the Company has signed two letters of intent with parties in Sichuan province.
Under the two pre-sale letters of intent, the Company expects to provide 6,500 tons edible alcohol per month starting from the second quarter of 2011 to its customers in Sichuan province, accounting for over 15% of Borun’s expanded total production capacity in 2011. This strategic win helps to further expand the Company’s customer base in Sichuan province, the largest Baijiu production base in China. With these two newly signed letters of intent, the Company has secured letters of intent totaling over 90% of its total edible alcohol production capacity in 2011.
Mr. Jinmiao Wang, Chairman and Chief Executive Officer of Borun, commented, “We are very pleased with the strong momentum in our pre-sale wins. Riding on the strength of our leading brand and technical superiority, as well as the growing Baijiu market in China, we continue to witness strong demand for edible alcohol. With these additional wins, we are very confident that we can sell all of our additional capacity when our Phase III plant reaches full production capacity in the coming months.”
BORN press release
China New Borun Enlarges Customer Base in Sichuan Province
02/17/11
BEIJING, Feb. 17, 2011 /PRNewswire via COMTEX/ —
China New Borun Corporation (NYSE: BORN; “Borun” or the “Company”), a leading producer and distributor of corn-based edible alcohol in China, today announced that the Company has signed two letters of intent with parties in Sichuan province.
Under the two pre-sale letters of intent, the Company expects to provide 6,500 tons edible alcohol per month starting from the second quarter of 2011 to its customers in Sichuan province, accounting for over 15% of Borun’s expanded total production capacity in 2011. This strategic win helps to further expand the Company’s customer base in Sichuan province, the largest Baijiu production base in China. With these two newly signed letters of intent, the Company has secured letters of intent totaling over 90% of its total edible alcohol production capacity in 2011.
Mr. Jinmiao Wang, Chairman and Chief Executive Officer of Borun, commented, “We are very pleased with the strong momentum in our pre-sale wins. Riding on the strength of our leading brand and technical superiority, as well as the growing Baijiu market in China, we continue to witness strong demand for edible alcohol. With these additional wins, we are very confident that we can sell all of our additional capacity when our Phase III plant reaches full production capacity in the coming months.”
I initiating more “milk the farmer” positions today. So what say you, MON, MOS, or fuck-it both?
Asshat of the month:
http://www.marketwatch.com/story/gold-bugs-about-to-get-squashed-2011-02-16?reflink=MW_news_stmp
Moron, idiot, imbecile, I learned all these words and more from my father (chuckle). It seems to me, they may apply to the author of the linked article. Time will tell. (I’m not saying selected stocks are not the place to be now, but 8-10 years? who knows.
FD I’m a buyer of PM & PM, commodity stocks