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
23,435 Blog Posts

Quick Alert: Off to See About Some Tiles

Incidentally, this disaster at home is a major boon for Mrs. Fly. Despite our intentions to not live in this house, she gets to do all sorts of renovations, making things new again “all shiny and beautiful.” I will have you know, white is quite fashionable these days, from what I hear. We have no intentions of selling this idiot box of a house. Instead, I intend to let it just linger here forever, making it a place to sleep in when we are visiting NYC. From my vantage point, unless one needs the money, one should not sell real estate. Wealth in real estate, from what I am told, is made through accumulation, not swapping.

I sold half of my PLAB, after it slid 3% from my basis. I have no desire to establish new losing positions. I will keep a short leash on non-essential positions.

Finally, the refiners look better today, save WNR. Give it some time; I am sure it will firm up as the day progresses.

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78 comments

  1. jimmy_two_times

    funny,

    we’re looking at hardwood this afternoon

    Mrs. Jimmy_two_times has decided to do a complete reno !!

    have to get the duffles bags and grab about 6 inches of 20’s

    cheers

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    • The Fly

      You forgot to post twice, so I’ll do it for you:

      jimmy_two_times says:
      April 28, 2011 at 10:53 am (Edit)

      funny,

      we’re looking at hardwood this afternoon

      Mrs. Jimmy_two_times has decided to do a complete reno !!

      have to get the duffles bags and grab about 6 inches of 20?s

      cheers

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  2. MarshalN

    The house of fly is not decked in the finest Chinese marble?

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  3. FIG

    Not firming…. this WNR is starting to make me a bit nervous. Although I trust in the fly and his time machine, so I will wait until earnings next week.

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  4. drummerboy

    just make sure you get enough,after a 2 year run on all tiles, thats it,you’ll not get the same,if you ever need more in the future,rule of thumb, always buy 6% more than needed,because of cuts,now add another % for spares.isnt tiling fun.

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  5. mutabaruka

    I’If you think Obama is not American and you don’t question Clinton or Bush the same way you are a racist. spin it however you want but a racist is a racist.

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    • drummerboy

      the coinage of the word racist, has been replaced with the word terrorist. didnt you get the memo

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    • go2mars

      Are Bush and Clinton American? Highly unlikely. They both spent millions in legal fees hiding their origins, and grew up in a mud hut under foreign sounding names like “Billaq Hussein Clintosama” and “George Jewcular Bush Al-Faiker II”.

      Seriously though, they both had shady dealings (missing military records, Halliburton, “I’ve never stuck my penis in her mouth” etc.) and everyone hated that too. Clinton introduced corrupt policies and catered to the banking cartel, which everyone hated, Bush didn’t stop it (which everyone hated), and they both absolved personal freedoms and increased gov’t power (which everyone with a brain hated). It’s not a race thing at all. I just think Barack, or Barry if you prefer, is a much more dangerous threat than the bumblers before him. I take him far more seriously as an opponent to to the general freedom of humanity over the course of my life and of my childrens. He is the best puppet imaginable to aid the policies of the global banking cartel. Where’s that fucking change he kept talking about? Why did he promise me a decent space program then change his mind?

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      • Po Pimp

        Why did he promise me a decent space program then change his mind?

        Because it costs a shitload of money and we’ve run out?

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        • go2mars

          Look into how much interest you illegal pay to a private corporation every year (Federal Reserve). Budget for the space program is not even worth mentioning in the context of government obligations like Fanny Mae West and Frederick Mac.

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          • BlindReadAnt

            Glorifying the sex trade, “Po Pimp” falls into the class: “…they both absolved personal freedoms and increased gov’t power (which everyone with a brain hated).”

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      • Yabollox

        Elon Must and SpaceX going to Mars in a decade or two.

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        • go2mars

          I am extremely well aware of those ambitions and intend to be purchasing one of those tickets in about 2050 for me and my wife (1-way). And it’s Musk instead of Must. The decades long pork NASA gov’t contractors like ATK and Pratt-Whit-Rocketdyne are going to try their best to derail SpaceX. They are big campaign supporters of Dems and Reps in over 30 states. Ugly situation. Uphill battle is too weak a metaphor.

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          • Yabollox

            Great retirement plan! I don’t think my wife would go for it.

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          • go2mars

            Gotta live somewhere. I figure it will cost about $5-10 million present day dollars once its all up and running.

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          • Po Pimp

            Want to wager that $10 million that you’re not living on Mars two decades from now?

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          • go2mars

            2050. And no thanks. If it doesn’t pan out (which is more likely than not) I’d rather use my money pursuing that goal.

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          • BlindReadAnt

            I forgot to add, PoPimp’s the kid in class who always raises his hand, and fails to realize how much he’s detested.

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    • Yabollox

      The questioning of a question is not racism in and of itself. Obama can be criticized on many fronts without having it be a racist act. Calling someone racist is an ugly accusation. That’s not to say there are no racists out there, because unfortunatly there still are racists in this country. But they are marginalized and without real power these days.

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      • drummerboy

        yes, but cant you see how they have taken the word racist, and now terrorist, to describe anyone who opposes the dems these days, does nancy the mallaprop come to mind as she try to accuse everyone of being a nazi on the day she marched back into the house with her arm clutched to a black man………..take the fuckin word racist, and take the fuckin word terrorist and shove it up all the fucking thieving politicos’ ass……..with out the k-y because a fucking traitor,a liar and a thief and a detractor are the only prerquiste for a job in politics………………. the south “DID” do it again,everyone was just to stupid to see how it was done. thats why jit bags like carter,clinton and this ass wipe of a persident have secret laughs, especially the first 2.

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        • go2mars

          “Conspiracy Theorist” -another similar but more potent moniker

          Yesterday’s conspiracy theorists were the ones noting too much debt in the system as the housing bubble expanded. Or pointing out that a debt-based money system is stupid/enslaving. Unfortunately they are instantly clumped in with tinfoil hat UFO guys.

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        • Cascadian

          Easy there drummer. You make mutabaruka look good.

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      • BlindReadAnt

        “But they are marginalized and without real power these days.” Who’s “they” there Botboy? Your supposition presupposes its predicate. Perhaps racism has always, and always will be “whatever it is.” I think your narrative runs foul of conditioned bias. No need reply, simply ponder what I’ve informed you of.

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  6. New Investor

    Fly is TER sell off down over 14% justified! Is it a buy here!

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  7. racist

    That’s the dumbest thing I’ve heard all day; even by my standards.

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  8. Prospectus

    My Chart Chomper 5000™ says that if WNR doesn’t hold the 50MA on the daily that we return to 14 in short order. Weak hands have been flushed, and if it doesn’t catch a bid now its because nobody wants it.

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  9. dishobgyn

    I am all for a firmer WNR

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  10. Donkey Dick

    WNR EXPLODING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Doh! To the downside!

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    • Dirk Diggler

      There are LOUD CHINESE LADIES next to me having a LOUD CHINESE CONVERSATION. cluck cluck cluckity cluck cluck, bak bak bak, cluck cluck. oooaaaaaaahhhh [sort of a gutteral grunt that’s hard to convey] cluck cluck cluck.

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    • Mike

      ugh…gettin bitchslapped!!

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  11. ruggyup

    Looks like this WNR has no meat, just cereal or other fillers that get limp after being abused in the market place.

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  12. carnahan

    Mongolia Growth Group unstoppable. Up 60% in two weeks as they build out the best capitalized insurance group in the world’s hottest economy.

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    • Dirk Diggler

      bak bak bak bak try some of our milk.

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    • inandout

      I been long Mongolia for over 3 years now core trading around my positions every 3-6 months or so .
      It looks like the MSE Top 20 is nearing long support soon again . It’s been a lonely trade to say the least , once they make a ETF for Mongolia their market should really take off . Still my favorite emerging economy even though they had quiet a run . The problem is if you want proper exposure to their market you have to open a account in Mongolian currency which is not that difficult , I don’t suggest to trade em everyday , it has to be a longer term trade or investment .

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  13. razorsedge

    up 9+% clne,,,,had sold out bot back in 20c lower, thought ben would say something about saving the dollar,,,lol

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  14. the Bull

    Looking for a bounce at around 16.58. WNR that is.

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  15. Rat Fink

    WNR not “acting right”, or something

    Maybe coz everyone and his dawg is “all in”

    Who’s left to buy?

    Just saying …

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  16. Rat Fink

    {ducks wild overhead righthand “sucker punch” from Le FLy; grabs barstool and c-r-a-c-k over Le Fly’s skull; follows up with rabbit punch to thorax an karate chop to neck as Le FLy goes down; drains beer and swaggers out}

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  17. jimmie

    Quick alert:

    I’m off to see a man about a horse

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  18. Disgruntled WNR holder
    Disgruntled WNR holder

    The Fly leads us all into the circumcision pool!
    We all eagerly follow like a bunch of Limp Dicks!

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  19. carnahan

    Psssst. Mr. Fly is away from his desk and picking up tiles for the wife. As such, you are now free to denigrate his WNR without the threat of being banned. Have at it!

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  20. bdubz

    If you don’t know how to buy a stock, set a stop, set a target then don’t read this blog. Buy a good book on stock trading. Fly is not your savior or the all knowing. Learn this game and then look at this blog for insight but stop bitching about a stock pick he made. Make your own picks and make your own blog and have proven returns like him and then maybe you can start bitching.

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    • Disgruntled WNR holder
      Disgruntled WNR holder

      I rag on The Fly for my own entertainment! Nothing personal!
      Don’t get your WNR tied up in a knot!

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  21. Jeff Macke

    We are in Stupid Town. WNR ineeds the crack spread to decrease. Hurl white hot profanities at the SOB and maybe it will rally. Actually all the refiners are moving togetner here.

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    • inandout

      You should break out the crayon and tell us where the line of scrimmage is, went long some into the close w/15.87stop

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  22. alaw35

    ALJ is being pummeled to death. HELP.

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  23. Jeff Macke

    We request that Jake analyze this SOB, WNR.

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    • Alucard

      What a strange group ; this thing is down every day and I’ll bet I’m
      the only short .
      Look , I was a true believer , but the fact is this one had it’s run .

      Can you imagine where this thing in a bad tape…………..13~14 ???

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      • inandout

        Don’t be greedy , I would cover some here and look to re-short higher if your playing the short side.

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  24. Trading Nymph

    OK, with the % of dropping each day of the dollar….how long will it take before other countries won’t even want to deal with them?

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    • go2mars

      Other countries are dropping too (just not as quickly). That’s why there is no copper bubble. It’s a inflation-proof reserve that is relatively easy to store. That’s why precious metals are dancing to the beat.

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  25. razorsedge

    the last few days ive been noticing at least 1 large buy in wnr everyday seem like 17ish,,,,is the no# am i right?

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    • carnahan

      razor, if that somebody exists, they’ve been able to buy as much WNR as they can swallow under 17 since noon today. Donde esta?

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      • razorsedge

        i know, but could this stock be minipulated? the swings r a day traders dream? im just a humble trader, lookin to make a buck

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        • inandout

          Stocks being manipulated ? I always thought all of them were, then on earnings it most the time gets priced correctly for a few minutes ,then back to the manipulation . Your right It is a great one for daytrading long or short.

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  26. WTF

    I’ve been reading the comments for a while, and an analogy came to mind…

    Remember that movie called the Pirates of the Caribbean? The tight ship, run by Mr. Gibbs… The bunch of pirates–greedy, fierce, and, well, stupid… And of course the ship’s captain, Jack Sparrow, who was steering the ship in search of the immense treasures?

    Remember that scene when Mr. Sparrow lost the course because the arrow on his magic compass was twirling all around, apparently in the presence of some powerful warping force? And when the troops began to grumble?

    Well, it now seems to me like I’m in that fucking movie, listening to all the whining about limp WNR and how lousy the captain was and bla-bla-bla what else! Captain Jack still has his magic compass, and the treasure is still where it was yesterday. Be patient, we haven’t swum to ashore yet.

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  27. President of the Carnival Barkers of America Union
    President of the Carnival Barkers of America Union

    It has come to our attention that a high ranking government official is making false allegations that Donald Trump is a member of our profession. We wish to set the record straight. That clown is not currently nor has he ever been a member of our craft. His patter is nowheres close to entertaining enough to attract anyone. He couldn’t lure a toothless Alabama wideload in to see a two headed goat. And you can’t keep them types out even if you body check em at the gate.

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  28. HalfBloodPope

    Crack Spread = 26.83

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