I am making too much money to waste time talking to you miscreants. My time, mind you, is better served developing orbital space cannons that can be used to vaporize my enemies. This week marked an epic decline in volatility, as investors said “fuck you, you’re dead” to short sellers, and bought stocks as if it was 1999.
Check this out: I am driving in a car without brakes, foot firmly pressed down on the gas— heading for a cliff— fully intending to make it over to the other side.
With regards to WNR, it tracks tightly to crack spreads. Hence, let the crack be your messiah.
Be well or fuck off, makes no difference to me.
[youtube:http://www.youtube.com/watch?v=6vFWX2FgENM 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
^^<<…>>
Translation- first
That’s some bright hue of green you’re apparating in today m’Lord!
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weekend reading: tucker max
do it.
Fuck Tuck to the max, pal.
It’s “Tucker.”
I assure you, “Tuck” is a place for gentlemen only.
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lol dude, you gotta do something about that cough when your on camera doin brunch.
http://mrtopstep.com/2011/03/25/part-5-the-silver-saga-story-continues/
IF YOU ARE IN SILVER YOU WILL WANT TO SEE THIS!
Truly hilarious.
That was great!!!
When can I invest in this orbital space cannon?
Too late, Lockheed’s already got right of first refusal.
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http://www.businessweek.com/news/2011-03-25/canada-opposition-topples-harper-triggers-general-election.html
Really? If the opposition gets in as a coalition, they will increase deficits and taxes dramatically, with huge outflows to each of their silly liberty-stomping pet-projects. Rediculous. The cost of oil and gas production will rise with increased corporate taxes, and the States will get burned too through higher energy costs.
This scenario is daffy-duck silly.
if the “coalition” wins they should just rename us to Canuckistan and get it over already
I like how you notice the silver lining. Agreed.
It would also better reflect the demographic shift.
Harper is the worst thing ever to happen to Canada.
Look at the USA, the states (and the feds) are technically bankrupt. All the right wingers do is borrow, borrow, and borrow some more, and then spend it on stupid useless shit like more fucking jets and aircraft carriers. Your kids are going to be paying for that crap 20 times over, and look, it doesn’t even protect you.
Even though 1 out of 100 men are in jail, you still have the highest violent crime rate in the world, and you are paying fortunes supporting all those criminals. Hmm, I guess that didn’t work either.
And old Mr. “Borrow and Spend” Harper wants to do the same thing here??? Unfuckingbelievafuckingble.
Anyways, if he loses he can probably get a job in Egypt. I hear they are looking for a new dictator.
Apologies for the rant. On the investment front, watch the polls. If the Cons look like they are winning, buy jail and jet makers. If the Liberals are moving up, sell them.
Please, go fishing.
FLY, What levels in
WNR are u starting to scale out?
20
Fine chart! Can one make similar charts for other metrics and companies using data from PPT?
nickto buratwo
Admit being short genius dna but, wtf is nickto buratwo
Ever see the movie “The Day the Earth Stood Still”? It’s a botched quote from that but a relatively clever allusion.
Didn’t know the forum rules allowed such billraint posts.
G4RaI9 ltkebmrhgnkf
Are you Thelma or Louise?
Klaatu barada nikto. something like that
can you please explain “making too much money….”????
making $3000 on a single stupid trade while losing on 4 previous ones FOR SURE does NOT COUNT.
Yep I know…. Banned!
Fuck PESI
Fuck BORN
PESI was like .00001% of my holdings. I won’t ban you because you want to be banned.
Hold my nuts.
i understand, but I’m a pleb.
relatively speaking, your .00001% is 20% of my holdings.
!#$!#@$#!@%
I will sell it for a win. even if It goes to Zero.
Why the hell would you make a lotto ticket stock 20% of your holdings? Go buy a large cap fund and turn off your monitors.
Man, and I thought you were the worst possible mayor New York could ever have had (that’s right, even Dinkins was better than you, you nazi fuk!), but then I hear a rumour that ANTHONY WIENER is thinking of running?
God save the bloody Queens!
_________
Bloomturd rides the subway every day
I have a little clip, and it goes like this:
http://www.youtube.com/watch?v=bsVrfcSH298
Great post, LOL! This is one of my favorite lines U have ever written, Fly. Describes playing this market to a tee.
“Check this out: I am driving in a car without brakes, foot firmly pressed down on the gas— heading for a cliff— fully intending make it over to the other side.”
Agreud. Exceptional!
Look at a chart of WNR and tell me that shit is NOT about to BTFO….
it is.
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that thing already broke out,how long can it stay overbought?
drummerboy, your question = stupid.
correction, not your question. your assumption. it’s stupid.
sorry,i ididnt think there was anything called a stupid question.dick breadth
No such thing as a stupid question, only stupid people.
How can a stock with 20% short interest be overbought you stupid fuck
Yes. Causation is positively correlated with chart action.
Even now, Steve Jobs is in a corporate planning session examining the chart of AAPL in order to strategize about the company;s future.
does anyone have an opinion on ALU ? some news on a new product to help with cell data towers obsolete ? demonstration project in china Thanks
It’s a fucked up company with great product.
management can’t get their shit straight. I deal with them on a daily basis. Always $ short, 6 months late….
Can’t deny someone at Goldman is liking them recently. That jump to $5.00 surely is unwarranted.
I love hearing advice from someone who allocated 20% of his portfolio to PESI
Dan..China Mobile selected Alcatel-Lucent to participate in the TD-LTE trial network deployment in China. TD-LTE vs FD-LTE is a system that China Mobile created and that they are testing. TD-LTE uses one radio channel to both transmit and receive data, vs two.It appears that Wifi can support TD-LTE if the trials work out.
And my take, cuz I am looking for the China Market to take a hit soon as it slows and Copper continues to trend down…I would not be a buyer. But I am a Bear so of course I would say that.. But if you must, market should be biased to the upside for about 10 more days so you can play it long for a quicky.
I mean WiMax not Wifi
I love the comments from someone who is nothing more than a Dicksucker!
I love hearing comments made by someone who is nothing more than a Dicksucker!
I’m cracking up because I just got Fly’s, “my WNR is bigger than yours” joke from yesterday.
….and no, it is not.
Thanks for the response ” bloomberg ” I wonder if their patents might outweigh their debts and if anyone wants them .
If WNR breaks $20 maybe they can rename that building” WNR Hall” instead of “Harry Baals Hall”? What do you all think?
http://www.boingboing.net/2011/02/11/fort-wyane-is-about.html
I say WNR Hall is better.
WNR
Fly…. The Viagra of stocks
Fly,
I want that meeting!
And just a quick update The V.King declined 405lbs 3X tonight….
You mean you already lost 20 lbs on your new diet?
The purity of the trade…
Kondencuotas Pienas Feat. Mill – So Pure (Zhemaitis Remix)
http://www.youtube.com/watch?v=OnGZ2rDXow4
Two Questions Fly. Why are insiders selling so many shares of WNR. And when did Citadel pick up their 3+%.
People sell stock all the time. Maybe he owned some BORN and needed to cover a margin call. Who knows?
I can tell you this, out of all the refineries, WNR is the most under owned. With over 7 bill in annual sales and just 35% of shares owned by institutions, with 25% of shares sold short, a PERFECT squeeze awaits.
In comparison, HOC is 99% owned by institutions.
What amazes me that US Dollar held support and moved up, which normally gold/oil go in the opposite direction. Strange divergence.
What amazes me is Japanese nuke situation out of control MORE every day;
(rebuild cost estimated $309 bill); a third Mideast war started, a fourth on the way;
Libya no safer; Portugal going bust, lousy April USA stock earnings coming up soon;
mediocre stock volume on the rally; S&P still BELOW its high; rounded tops in
about every stock (a la summer 2008); Vix at a near record low. EVERY fuckin’
TV pundit saying “BUY BUY BUY!”
As the fuckin’ rigged market keeps rising (on distribution). Put on you life jackets.
Six-month and 1-year puts are CHEAP.
Also, China is saying that they found radiation on a Merchant Ship plus its crew. Japan is a export country which may find no one interested in their stuff. The Japanese Story has some ripples that no one is even starting to think about. But Bottomline, Its that Darn Ben B Put in the market that is doing all of this, Maybe finally the other fed heads will put the leash on him and stop QE ing in June….we will see…on Friday they were sounding a lot more hawkish..a good NFP this Friday may finally do it?
Blah blah blah… It’s all rigged. The world’s coming to an end…
It’s just not fair that the chicken littles arnt being rewarded for betting on economic destruction. Sorry but that’s not how things work Glen Beck.
Love the crack spread play – with you on WNR and VLO. Many thanks for sharing. Love to get your read on what happens to it, and the stocks, if/when another shoe drops in sand land. Looking at USO, UGA, and UHN on a percent change chart since October 2010 (120 min) it appears as though all three are double topping. I know that this may elicit a chart chomper response, but my point is that it appears a critical period is upon us:
1. Crude rockets (via middle east mayhem) and spread narrows
2. Refiners crack the shit out of crude for shits-n-giggles (as well as profits) and flood the market with gas/oil and spread narrows
3. Heating oil and gas continue to rocket higher relative to crude and spread widens
Why does #3 happen, esp given the monster move they have had since September?
I’m with you, and do appreciate the bone, but am curious of your thought here. Is it just a short term momo play and nothing more for you?
Many thanks.
One major crack is Brent/wti spread.
Guess who has land locked refineries, access to WTI at Cushings?
Yep, WNR
If the middle east blows up, Brent will runaway from WTI. That s my bet
Much appreciated.
First time here and I can’t tell you enough, what a disappointment! I was searching for some Porn and I entered the search words “Crack” and “Spread” and I got this!
I like your style Fly keep making that money.