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
16,043 Blog Posts

CRACK HAS GONE PARABOLIC

“The Fly” is preparing for EXTREME grandeur. I am not talking about your regular run of the mill caviar and champagne dinner party extravaganza. I am talking about making so much money, that your arm involuntarily punches random people in the face spectacular. My position is so potent, so concentrated, I emanate electricity, shocking anyone who comes within 40 yards of my domain.

Yes, it’s true, “The Fly” steps out of his car and pisses on yours at red lights and he drops anvils on your trailer park, from his space rocket.

I stepped out today in search of fantasy and all I got was a lesson in non-fiction. The simple facts are this:

1. You cannot compete with me on any level.
2. Your analysis is made for retarded midgets with small arms, like dinosaurs.
3. I am several centuries ahead of you in cognitive development.

While you deviants walk the Earth in search of herpes, “The Fly” is checkmating you, through iron stake to the skull.

In closing, crack spreads are up another 6.5% today, now approaching $29. THERE IS NOTHING ELSE WORTH DISCUSSING. Stocks like WNR, VLO, ALJ, HOC, DK, TSO and CVI are poised to move higher, lighting short sellers on fire with refined kerosene.

[youtube:http://www.youtube.com/watch?v=Wg2TC5kilAc 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

65 comments

  1. Marc David

    Yeah well.. we can blame it on the beta-alanine for your occasionally stark raving mad posts.

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  2. mrkcbill

    “I know what you’re thinking: ‘Did he fire six shots, or only five?’ Well, to tell you the truth, in all this excitement, I’ve kinda lost track myself. But being this is a .44 Magnum, the most powerful handgun in the world, and would blow your head clean off, you’ve got to ask yourself one question: ‘Do I feel lucky?’ Well do ya, punk?

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  3. TheV.King

    You’re “C.T. ing” the market…

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  4. Raule

    Meatheads unite! I will be consuming eleven egg whites tommorow AM to prepare for battle.

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    • Marc David

      The gas will be epic! Nothing like egg gas to start off the day.

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    • go2mars

      I will sleep in the belly of a moose that I kill and evicerate with my bare fuckin hands, with just my nose poking out for air. Then after a few hours of peaceful slumber, when it starts getting a bit cold in there, I’ll eat it from the inside. The whole thing! Then I’ll eat 11 egg yolks just to add to the shit stink. Only then will I be ready for battle. See you in the morning. We have a lot of poodles to teach, heh Raule? http://www.youtube.com/watch?v=Pb8C7dxTGRM

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  5. drummerboy

    wnr wnr 2-1/2 inch rib eye dinner. alj, i been eyeballing that side dish to go along with the rib eye. thanks for the blessing.

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  6. See my crack

    LMAO! Seriously, how many “retarded midgets with small arms” have you seen out there 🙂

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  7. TeahouseOnTheTracks
    TeahouseOnTheTracks

    I joined the WNR party today before everyone breaks out their party hats and noisemakers … even put on my Crack-Spread for the occassion ,,, Haha!

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  8. jackpass

    WNR 230,000 BBL a day * $ 29 a BBL = $ 6,670,000 a day or $ 20 Mil a month
    Not bad for a days work.

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  9. NSAID

    There are about 14 mil shares short WNR… they must be getting advise from those midgets you talk about

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  10. scott

    Spread peak was just above 30 in May 2007. VLO was $75, TSO was $62 and WNR was $50

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    • Bullish

      So in your opinion were they overvalued then or undervalued now?

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      • scott

        TSO actually had a takeover offer at $65 that was turned down.

        The answer is “both”…

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        • scott

          But the danger is that spreads are peaking or they won’t be maintained for longer than a short period of time. If they continue and stabilize near these levels, it will be an earnings bonanza for as long as the large spread exists. But they will eventually narrow. They always do.

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          • pedro

            Scott,

            I know no one wants to believe that Widest Crack Ever is here to stay, but with Brent-WTI spread and refineries down in Japan, why can’t these crack spreads sustain themselves?

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          • The Fly

            Scott

            There is no such thing as “both.” Pick a side.

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          • scott

            Too expensive back then and inexpensive now. They are not mutually exclusive…

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          • The Fly

            gotcha

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          • go2mars

            Further upset in international refineries (looking at you middle east & africa) would spread it further.

            The downside risks: demand destruction or oversupply of refined product since everyone with a refinery is getting sweaty balls keeping them at full capacity given the current crack spread, and jobless Joe Sixpack is rethinking that cross-country road trip due to gas prices.

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        • J. Livermore

          Typical

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  11. Bullish

    Don’t you usually advise against over concentration?

    Up or down on your WNR… All I know is this is going to lead to some great blog posts in the near future.

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    • TeahouseOnTheTracks
      TeahouseOnTheTracks

      WNR=FTK

      not

      601558.SS=AMSC

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      • TeahouseOnTheTracks
        TeahouseOnTheTracks

        Anyone figure out what 601558.SS stands for yet?

        Clue: It’s a foreign stock symbol

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    • go2mars

      Prediction: It will be real gloaty for a while; and well earned.

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  12. A Monkey with a Stupid Fucking Questions
    A Monkey with a Stupid Fucking Questions

    Dump question, what a crack spread? Serious answers only please.

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  13. Aaron Lewis's Eyes (closed while singing always)
    Aaron Lewis's Eyes (closed while singing always)

    now thats a video FLY…

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  14. ginfizzbear

    1. Anal Diameter. The larger the diameter of the anus, the easier it is to receive a raping. I’m serious!

    2. from Wikipedia, the Site That Archives All of Man’s Knowledge: Crack spread is a term used in the oil industry and futures trading for the differential between the price of crude oil and petroleum products extracted from it – that is, the profit margin that an oil refinery can expect to make by “cracking” crude oil (breaking its long-chain hydrocarbons into useful shorter-chain petroleum products).

    In the futures markets, the “crack spread” is a specific spread trade involving simultaneously buying and selling contracts in crude oil and one or more derivative products, typically gasoline and heating oil. Oil refineries may trade a crack spread to hedge the price risk of their operations, while speculators attempt to profit from a change in the oil/gasoline price differential.

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  15. pedro

    So in addition to the Brent-WTI spread, is low refiner capacity utilization what’s driving cracks through the roof right now? And WNR is running at near 100% capacity, no? Sounds like a WNR WNR CHICKEN CAVIAR DINNER.

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  16. Belly of the Beast
    Belly of the Beast

    http://youtu.be/lqJDuZIcQ34

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  17. xxxHuggieBearxxx
    xxxHuggieBearxxx

    FLY

    I don’t give a fuck what anyone says — you are doing gods work on this here board. Damn the blasphemers and the non-believers, you might as well be turning turpentine into wine here.

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  18. GYSC

    I will be on vacation when VLO reports on the 26th, and I am in WNR. Perfect freaking timing as usual.

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  19. Goldie

    Yeah I missed my fucking entry on HOC today because of my stupid real job..

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  20. Bravo

    Been around these parts since the orange blog salad days….I can attest, that is one epic screed…..

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  21. Geoduck

    Too funny~ “While you deviants walk the earth in search of herpes….”

    reminds me of:

    Here I stand, trying to piss,
    suffering from the gal who gave me this-
    If I find her when I get well,
    I’ll get it again, sure as hell!

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  22. Carsony

    The best thing about the lord Is that he uses imperfect
    people to get his work done. The market feels like it may
    be pulling back a bit and will investors start to move into
    Inflation stocks, or is this another head fake or a short pause of
    profit taking I wish I knew. Looking at an inflation play what about ETF
    Symbol corn?

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  23. shipwrecked&alone
    shipwrecked&alone

    as best i can tell, the refiner trade is back on. WRN and MRO are what i own. I own MRO so I won’t have to call the refiner top. i own WNR so i can call the refiner top.

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  24. mutabaruka

    Just watched Foxnews for two hours I was scarred as shit to leave my house people listen and watch this everyday.

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  25. Bryan

    Have you ever lit dynamite under an Anvil? Would highly recommend it for shits and giggles. 🙂

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    • punyandy

      Yeah well, I would recommend spelling Bryan with a fucking “i,” just for shits and giggles.

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  26. GYSC

    Bryan Adams, now “Run to You” sucks as a song, lol.

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  27. Dayman

    http://www.youtube.com/watch?v=HpVU6w_7fBk&feature=youtu.be

    Your next music video.

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  28. SINA is going to $200
    SINA is going to $200

    Give credit where credit is due………..POMO! Bernank was out jerking off this afternoon, that’s why he was a little late to the trading floor today. God I’d love to see what this market would do without Helicopter Ben!

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  29. Trading Nymph

    Looks like the gossipy little girls of China are back at it, appears the CPI data will be 5.3%-5.4% vs the expected 5.2% this Friday.

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  30. Rat Fink

    That is what the market “ought” to do, eh Senor Fly?

    Been there, done that, got the blood-stained T-shirt

    Good luck, yer gonna need it

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  31. JakeGint

    We may not be done with the last shakeout here, so it’s time to go into “Stealthy Burglar Mode” and be done.

    _____________

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  32. Jeff

    two questions:

    1) how does the WTI – Brent spread affect the Crack Spread (not the anal one)?

    2) how do current capacity utilization levels affect the Crack Spread (again, not anal diameter)?

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  33. Quint

    Jobless claims up to 412,000 – here comes QE-3!

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  34. j

    Is this the top of the commodity market?

    http://feeds.nytimes.com/click.phdo?i=c5602abcdb6d5750190b5309bb56a960

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