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
23,449 Blog Posts

I am Smoking Crack

Do not hate on “The Fly” because his life is so much better than yours. There is no future in your communist way of thinking. I strongly advice that you pray at the altar of Ronald “Mcdonald” Reagan for forgiveness.

I don’t punch clocks and I rarely work. My lifestyle is what some of you might consider “retired.” Back in the old days, I’d work like a jackass horse hybrid of some sort. However, now I just flick cigar ashes at my clients suggestions. Truth be told, I will fire each and every one of them before I die.

OPEN is taking the fuck off, despite what uninformed short sellers post on the interwebs. I knew I’d regret selling it. However, it wasn’t meant to be.

Going forward, I am smoking crack, crack spreads that is. If you are not familiar, go look it up. I am not your helper.

Spreads are up another 2.5% this morning, following yesterday’s 6% gambling spree. I am telling you now, as sure as I am sitting here, the hot money is not invested in the refiners yet.

I am hedging my large refinery bets with long positions in both DAL and LCC.

[youtube:http://www.youtube.com/watch?v=L1R5UhHA92Y 616 500]

In short, the streets of Syria and everywhere in the middle east are on fire and Japan is in the process of creating Godzilla via nuclear waste. BEHOLD the splendour [sic] of the stock exchange and get some.

If you enjoy the content at iBankCoin, please follow us on Twitter

31 comments

  1. chivo

    i’ve always liked cam’ron..he’s back now, song is one of the videos at bottom of this one

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • The Fly

      Cam is one of the dumbest human beings alive today. Great stuff.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • chivo

        his stupidity certainly doesn’t separate him from any other rappers..

        good rhymes though, nonetheless

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  2. bpguns

    WNR flyyyying in early trading

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Mushroomz

    crack music:
    http://www.youtube.com/watch?v=GknaBceo0Vc

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. pedro

    Fly,

    What’s the price target for WNR?

    I’m thinkin’ $23, 24

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. The Fly

    Crack spreads now up 4%

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. George Michael

    RIM getting a RIMM job here at this price. Waiting it out for the dust to clear for a decent entry.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Juiceyfriut

    nice crack call, jimmy crack corn fly senor

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. carnahan

    JBLU seems to be the airline with the best RS at this point.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Jakegint

    He’s a crack shot.

    Back in the old days, I’d work like a jackass horse hybrid of some sort.

    Does this imply former mule-ishness or… impotence?

    ___________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. 4Breakout

    If you want to know how to calculate the crack

    Take 28 times the price of RBOB gas futures add 14 times the price of heating oil futures and subtract oil futures.

    28*/HO+14*/HO-/CL = formula to chart on TOS

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • 4Breakout

      So far today the price of oil (input) is down and the price of gas and heating oil is up.

      FYI most airlines use heating oil to hedge their fuel costs, some have stopped all together as they got spanked in 2008 when oil crumbled. I believe LCC does not hedge much at all (their retarded desk got drilled in 08) so they will probably be the best beneficiary of falling heating oil prices.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  11. j

    “Truth be told, I will fire each and every one of them before I die.”

    Lol

    A truly wonderful long-term objective.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. j

    comment in moderation

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. jimmie

    Winning isn’t everything, it’s the only thing.
    Vince Lombardi

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. ruggyup

    Next, crackl’ns pulled from the spit-roast pig.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. xxxHuggieBearxxx
    xxxHuggieBearxxx

    This market is awesome….not a fucking thing in the world matters, it just keeps going up and up. I mean, sure, it trembled there for a moment when it looked like the second largest economy in the world was going to become a nuclear wasteland, but it was hardly even a shiver.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Dr Genius

      I live in Japan and I dont give a damn about the nuclear meltdown in Fukushima. Market was using that as an excuse to correct a little bit.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  16. Geoduck

    Melting up like a mutha…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. FIG

    Any other names than VLO and WNR in this space?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. alphadawgg

    WNR to $20

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. ogma107

    How has WNR’s trading pattern been so predictable this week? Up in pre-market, ripping tits until 11 and then coming back to Earth in the afternoon. Looks like we’re on pace for another day of that today…

    • 0
    • 0
    • 0 Deem this to be "Fake News"