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
23,443 Blog Posts

Trading Out of a Fucking Rocketship

I kicked out my ARO loser of a position and threw said realized losses down an elevator shaft. You should try it sometime. With the proceeds, AND MORE, I loaded up on WNR, making it a 10% position. There are methods and reasoning behind my madness. For example, aside from refining capacity loss in Japan, U.S. refiners always do well in March. Well, not always, but 64% of the time for an average return of 4.95%. As we head into the “driving season,” refinery plays will be front and center.

On top of that, should we start exporting refined crude to Japan: watch out above, for those stocks will break the fuck out. I chose WNR because of its stupid short position, a tad more than 16%. If I was short WNR right now, I’d be in church, praying to magical creators and such, hoping for some sort of miracle to make me whole again.

By the way, there is a small water company, ticker symbol PRMW, that just purchased a single server soda player in Canada. This will compete versus SODA. I am very interested and will research over the weekend.

Finally, my day is going as planned, some up, some down. I am pleased that OPEN has decided to castrate said short sellers. And, I am very delighted to see APC up, despite crude in the tank.

NOTE: Pardon my repetitiveness on the matter, but you must sign up for Twitter and follow iBC Financial News. It’s my new pet project and would please me a great deal if you helped me decapitate my competition.

Regards in a non-cordial manner,

Le Fly

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40 comments

  1. A Monkey with a Bunch of Hot Chicks I rescued from the Tsunami
    A Monkey with a Bunch of Hot Chicks I rescued from the Tsunami

    First!

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  2. Yabollox

    Timber prices are gonna spike for Japan rebuilding. WY is strong.

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    • ernie catface

      WY is not the Japan play. WFT and IFP on TSX but unless you bought these names earlier you missed a good bit of today’s action.

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      • Johnny, my wife Perlene won a contest
        Johnny, my wife Perlene won a contest

        ernie, is that you?

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      • Yabollox

        You must be correct.

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        • drummerboy

          Y,you have time to get in trust me. i have been in and out of lpx and pcl for 4 yrs. but the wierd convergences on a thousand board feet for timber as appossed to the prices of some of these shares says something different,all until this japan tsunami,in which might take a while to kick in on orders and profits of these companies.

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  3. Trading Nymph

    This may be really interesting over the next few days. Copper is retesting the 4.2000 level, but as resistance not support this time around. There is no demand for copper, but way too many Chinese speculators used short term paper to buy copper for funding once the Chinese Banks cut off their crazy loans. This biz plan works as long as copper went up, but with the Earthquake and probably Nikkii closed for a few days…we could get some nervous speculators? Right at the moment everyone is jumping on the Yen will go higher trade cuz Japan needs to raise cash play ala 1995, but Jamie at Live and imho, believes that BoJ knows that playbook and will weaken Yen. Eur/USD is testing resistance at 1.3850ish and USD/JPY has support at 81.50ish…make or break..

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    • Bullish

      I’m hoping Ben Bernanke orders Treasury to covert pennies back to copper instead of zinc just to mess with your analysis. No offense, but it would be funny to watch.

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  4. J. Livermore

    Charlie Sheen hitting the road to do two shows. One in Chicago and one in Detroit.

    http://www.ticketmaster.com/artist/1568566

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    • The Fly

      WTF?

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    • Colonel von Ryan
      Colonel von Ryan

      This guy knows what he is doing, one smart dude.

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      • checklist

        agreed… or at worst he’ll be able to salvage a win from the jaws of a big coke binge

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        • Blind Read Ant

          If only he can beat the DEA and “popo” to make mo “momo.”

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    • Yabollox

      The torpedo is gonna blow up.

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      • Blind Read Ant

        FYI: assignment, see Wallstreet. Good day, thank you for playing.

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        • Yabollox

          Seen it. Hollywood fucktardery. I suggest Pulp Fiction for higher level entertainment.

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          • Blind Read Ant

            (Gentleman with pipe winks, smiles, gives thumbs up at violent aggressor who bought polyester suit with first generation thuggery money) Why gee, I’ll do that!

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    • drummerboy

      heard that yesterday, the old lady thought we should go see him for shits and giggles.

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  5. TheLord

    “… I’d be in church, praying to magical creators and such, hoping for some sort of miracle to make me whole again.”
    Thy faith in me seems to be lacking. Miracles are based on faith and thou shall best get some for the stated miracle to take place. Miracles are seals of a divine mission.
    1.Creation of the universe, including plants, animals and humans- ME
    2.The flood- ME
    3. The burning bush not consumed-ME

    See you in Church, or Synagogue with Neighbor Steve, Mr. Fly.
    And don’t forget the $$ for the never ending Building Fund.

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  6. jimmie

    Went all in on AGQ this morning at the open.

    I feel like plebtonium petey 🙂

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  7. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Two weeks in a row i am made of win. Another week of this and i’ll be B/E on the year…

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  8. zzzdoc

    You are THE fly. Amazed at the performance of WNR.
    zzz

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  9. Juiceyfruit

    btw sir le Fly, I’d like to thank you for giving me a lift in you Fucking Rocketship, via OPEN. 😛

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  10. TSumani Surfer

    CSCO down 30% on year chart…

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  11. Bullish

    Jim Cramer speaking wisdom right now.

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  12. Johnny2time

    CCME shares halted. Good or bad, this could be a big one for the whole China small cap adr space.

    http://www.thestreet.com/_yahoo/story/11040973/1/china-mediaexpress-shares-halted.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

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    • ecchymosis

      Since the ChiBurritos are moving up in PPT rank, my guess is good news!

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  13. checklist

    i haven’t slept in 30 hours, but I have had at least 30 cups of coffee

    just saying

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  14. rookie

    twitter is the anti-christ but i will sign up to support IBC … still the best blog to gauge the pulse of the market. thanks for your service..

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  15. Bullish

    Guess the bears did get their faces ripped off. Ha! Looking forward to next week’s rally.

    Day of Rage was a joke.

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  16. omeizer

    “I am pretty sure God will? consider it a sin not to glorify that ass” …
    http://www.youtube.com/watch?v=TLSpj7q6_mM

    Shitty week for me. Actually, weak March performance so far. Back in all MOMO/POMO names for next week including OPEN options (I know I said I wouldn’t, but I played some call spreads before lunch), NFLX, and LULU.

    78 degrees today. Need to take off the shirt and show off my pale caucasian body and pink nips this weekend, better Nair my back first.

    Peace Out MuthaFuckas.

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    • ruggyup

      Who gave you the Nair advice? Your boyfriend? Or, your hairdresser? Maybe both?

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      • omeizer

        Mrs. Omeizer does it for me. you are so funny. you need to check yourself since your junior high intellect is no match for my superiority.

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