iBankCoin

Not Buying

Not only am I not buying anything, I am not looking for ideas either. As my 35th birthday approaches, my risk appetite is not what it used to be. Back in the old days, I’d throw 8 balls at people while buying shares of LNKD with reckless abandon, at the fucking opening tick. Fast forward, I am here talking to you midgets with half of my assets in cash.

Crack spreads are lifting today, which means refiners should trade inverse to their profit margins. That makes lots of sense. It’s like a company announcing they sold the company for $35 per share and the stock trades to $20 on the news. I am not mad at the stock, for it did nothing to me. It’s just interesting to see how people respond to rational news. We are living through very irrational times.

By the way, QPSA is gapping higher off the LNKD fuck fest.

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30 comments

  1. chivo

    35? too old for iBC

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  2. roman

    I am dying laughing at you. How th eF are u short Silver and long bonds. It’s like the absolute opposite of what ur suppose to be. U should really question ur stock trading skills, cuz the day is coming wen all u methodical traders will get taught a lesson.

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    • TJWP

      Take that hack garbage elsewhere – if you can’t see the value added here you (irrelevant if you agree or disagree with the point of views) then you should just burn your money as that will at least provide you with heat for your shitbox of a house.

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    • The Fly

      I have way more long silver equities than short silver. You should pay attention, son.

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  3. MOOBER

    I like BOOM for the pin action in refiners. As refiners prosper, they invest in infrastructure. Many many refineries have out dated and worn out gear. Highly corrosive. I could see BOOM taking out 30 on the next run, and maybe beyond. Need another quarter to see backlog and earnings… just thinking out loud.

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  4. A Monkey with a Fucking Dartboard
    A Monkey with a Fucking Dartboard

    Gunga galunga… gunga, gunga-galunga. This monkey is still long the WNR. Gas at 5/gal by the 4th of July.

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  5. A Gorilla with an opinion
    A Gorilla with an opinion

    Fucking smart monkey, but still just a monkey

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  6. jeremy

    you go in reverse? what happened to 47 1/2 ? happy birthday big guy

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  7. fubsy_cooter

    zzzzzzzzzzzzzzzzz

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  8. TeahouseOnTheTracks
    TeahouseOnTheTracks

    CEDC finally BTFO of the 50 ….

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    • TeahouseOnTheTracks
      TeahouseOnTheTracks

      Good move off the 50 @ $11.40 to close @ $12.27 and continuing AH to $12.75 … Sweet!

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  9. Forty

    How old are you really? LOL

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  10. bankindamonkey
    bankindamonkey

    Fly, the world ends on Saturday, so you better celebrate early

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  11. Jeff

    Fly – time for some silver calls

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    • MetalLeg

      Jeff, what do you see as the catalyst driving silver higher? It seems to have run its course on the bounce while gold can’t crack $1,500 the past two days.

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      • drummerboy

        a catalyst for pm’s. first off, lybia was moving to gold transactions for it’s country, they had the denominations already made up to distribute around the country to its citizens. libya holds over 148 tons of gold in reserve.gadafi was spearheading the exclusive use of gold in the mena countries as well as between russia, and asia. the excuse of human rights violations, and disruptions in oil that went to the eu area were just that. when the us and nato went in,it was to put the nix on the use of gold throughout that whole hemisphere, the saudi’s were on board, as are the chinese and russians. there are more countries that “want” that path of exchange. the germans want to get back to the duetsche mark. have patience, the day is coming where eventually will be asked the same, to pay for things in metal. need i say that china now has its own pm exchange. we will be snubbed in that outcome,and laughed at whole heartedly, all these other countries know that the U.S. is working on borrowed time, borrowed money. we willl be left behind for dead. so, who really cares if it cant crack 1500,its going to 2k whether anyone likes it or not. and silver will be at par. there’s a lot of shit happening,and multitude of people will be caught completely off guard.

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        • MetalLeg

          I was asking about the short term only. I’m a gold/silver bug and have been for years. I know exactly what’s going on and agree with you that the PTB seeks and destroys all who want to displace the worthless FRN with real money. The US is on borrowed time and those who haven’t prepared for the eventual collapse will be left for dead. I have tried to convince many about what’s really going on and they look at me like I got a penis growing out of my forehead. I dunno, maybe I do, but it’ll be the guy with the penis on his forehead that will still be standing when the US economy and dollar collapses.

          So many actually believe we are in an economic recovery. Sad.

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      • go2mars

        Protection from Bernanke.

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        • drummerboy

          i have a couple of vintage guitars i took into the city to sell the other day. the old lady asked what i was gonna do with the money if i sold em……….protection from the bernanke, she says ,”what”, i said silver eagles……… she laughed

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  12. The_Real_Hmmm

    In the past two months the Dow has been led by MCD, MRK, PG, JNJ, INTC, KFT, and AXP. Not a single downtick in those names it seems. Apparently everyone is putting their greasy American-cheese burgers on AMEX and wiping their hands before they take their high blood pressure meds and surf the interwebs.

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