A fire broke out at Wester Refinery’s El Paso shit house today, lending to the sell off. Shares of OPEN, LOGI, CVI, ATPG, OXY, and others, were down staggering amounts of dollars for me today. I know your reflex reaction will be to either annoy me with “I told you so’s” or offer encouragement with “you’ll get em tomorrow scooter.”
Frankly, none of that matters.
The market tricked me and I read the tea leaves wrong. Fuck you for telling me to “move on.” I don’t fucking move on and I do not change my demeanor because some asshole told me to. I will absorb these heinous and barbaric losses like a man. Apparently, it’s my fucking turn to be wrong and there is nothing that can be done about it. The stars and the planets are aligned against me, whether I attempt to short silver or stay long commodities or pick bottoms on cheap as fuck tech names. None of it matters.
See folks, I’ve been in one hell of an upcycle for 9 years now, making millions and priding myself on calling the market on a dime. It’s important to know when such a cycle is coming to an end; I see it now. Don’t get me wrong, there will be plenty of opportunities for me to “make a comeback” and spit in the faces of my detractors, even the secret ones. But, for now, I will sit here, eating almonds, drinking wine (something I never do during work) and absorb.
A great man once said “I’ve made my bed now I shall lay in it.”
[youtube:http://www.youtube.com/watch?v=zYgNlbEO_dM 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
Keep your chin up Scooter !
It’s gonna be OK Lil’Buddy.
This comment on fire by association.
what Mrs Fly be singin’ tonight
http://www.youtube.com/watch?v=Ad1CMslSfUQ
silence
Thank you
We’re going to get them bitches at 15:45 tomorrow when the Clam speaks.
Don’t you worry.
Are you adding more $WNR?
Nothing is ever as bad, or as good, as we perceive it in the moment. Money problems, divorce, whatever. This too shall pass. Whatever doesn’t kill us is still GD annoying.
T…I…N
Fly, did you sell WNR today?
[
FLY,
Did you sell any WNR today? What is your feeling of where it is at today and will you keep same position size in WNR
Meat grinder summer?
they had a power outage…thats not reason stock tanked ALL REFINERS TANKED
The fire is scheduled for tomorrow’s selloff.
When everyone is feeling negative, I’m sure things will change
How is it that the short side of the market has become the popular trade inside of 5 weeks? We just came off a 9 month bull run, for fuck’s sake.
There are too many traders dug in waiting for the bounce to say that yet.
I’m in the camp that that thinks we’re going to see some form of QE3, but not before a wave of panic to justify it. More easing will be difficult politically, but there’s nothing like wholesale fear to help people support policies that will ultimately screw them over, so there must be much weeping and gnashing of teeth first. Upon the initiation of QE3 there will be a ceremonial USD beheading. I have spoken.
there will be no qe anything anymore, the punch bowl is empty, there is only a turd at the bottom.
The punch bowl is made of made up numbers, do you really think they can’t just make up some more numbers?
There is no chance of QE3. Economy is still improving, but stimulus needs to end. We MUST have oil retrace or suffer a collapse. Maybe 11750 ish and then a new range will be born, bitches.
Fly, they just chopped off my WNR, the phone is ringing, it must be the margin man !!!
the Fly will buy your margin call, he is winning when he appears to be losing!
and CLF just filed for 9m shares.. perfect
http://youtu.be/ZAOx_HuV3TU
work is never over.
4am in the far east
fuck everybody. we just heckle from the cheap seats cause we care.
http://www.youtube.com/watch?v=yoZFnkchtv0
I think Fly would like this –
You might get a nice technical bounce this week that will enable you to unload some stuff. We’re thin on Econo news this week, so any technical upside might be ephemeral.
The Clam, my Mortal Enemy, is on tap for tomorrow….I shall await to see his power…I sense weakness in his Power.
time to play trap the clam.
Fly will be drinking clam juice tonight in preparation for some QE3 speak …
BTW, Watch your Chinese Shorts:
http://www.hulu.com/watch/110317/saturday-night-live-china-cold-open
Wrong video …. I stand corrected:
http://caldaro.wordpress.com/2011/06/06/chinas-ssec-could-double/
Clamzilla will just be so vague and confusing and…Greenspanish (more than usual) half will think he has a plan and half will start reading elliot waves….again..posting youtube clips and ….comparing 50 year old graphs for evidence
Thumbs up for the avatar pic.
_______
you’ll get em tomorrow scooter
Now at the lower end of many index trend channels…bounce time!
Why is that video not the Ride of the Valkyries?
one of the worst days of the year.
got killed.
FWIW the fire at WNR El Paso may not be treu:
Update 1:16 a.m.: Officials at the Western Refining plant near Interstate 10 confirmed previous reports of a fire there to be false.
From: http://www.elpasotimes.com/ci_18212128?source=most_emailed
that would be precious if there actually was no fire. what a goofy day.
just a power outage, and a bad day overall… – or + 7% is no big deal for a stock like this
“We lost power from El Paso Electric early this morning,” Gary Hanson, a spokesman for Western, said in an e-mail. “Power has been restored and we are in the process of restarting our units.”
http://tinyurl.com/3f3lf3z
The market is bleeding… again
wait for the bleed-out…. tomorrow will tell, but check Wednesday… that is the key
fuck you, and the horse you rode in on, too
Little boy, face pressed up against the bakery shop window, there are no doughnuts for you today……
Dykstra is now buying Deep out of the money tickets to the clink:
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2011/06/06/sports/s111816D10.DTL&tsp=1
Will the Tuesday rally happen? Or will the fly-swatters crack this rally idea like a corn chip? Stay tuned. Same bat-time, same bat-channel.
A miserable clusterfuck of a day….
Although I can’t fully agree with John Paulson’s prediction for a 40% rally in the broad market,
I think a 40% rally in SWHC is an absolute given.
Most of the crash was due to fear of the cerberus/remington IPO . That IPO is dead in the water.
If you want to play the virtual certainty election of a republican in 2012, you can’t do better than that.
As far as the Dow—
If GE can hold 200 day avg on daily chart,it should reclaim double bottom with march. GS and MS both at double bottom with summer 2010. X is also finding support at last summer’s lows.
I’d like to think this summer’s descending megaphone bottom can call a 2000 point bounce, like last summer. But, that would be hubris.
http://www.youtube.com/watch?v=s4wykeJBHdE
fuck this shit anymore
Go long Fruit of the Loom
If you need a break from trading try recovering stolen holiday ornaments. It is a bit stressful, and you have to practice your numchucks ‘n stuff, but very rewarding when your ninja skills result in the arrest of some mullethead in a pontiac sunbird riding off with Rudolf stuffed in the back seat.
Another option is hunting down cattle rustlers. Check out the article in the NYTimes today about it. It seems one Jerome Heath Novak of Groesbeck, TX has been swiping cows again.
It’s easy to become a cattle rustle ninja:
Step 1: Get yourself a CB radio and listen for cattle-rustler alerts.
Step 2: When you hear an alert, go racing to the scene in your leotard and booties and look for clues, like cow pies with tire tracks in them.
Step 3: Search the countryside for matching cow pies. When you find one, look around for the rustler. Usually he has a low down, mangy look about him.
Weiner comes clean!
How can anyone cock-gobble a double pun like that. Next time spell “cum” correctly.
Fly, cheer up. At least you’re not Andrew Weiner, the congressman whose wnr is in a whole different predicament today.
It’s Anthony, fuknut.
I didn’t dump my UPRO (like a smart trader would have done), but I picked up FAZ.. The FAZ has been rising faster than the UPRO has been falling. My other stocks are still eating shit along with the UPRO, but they are not doing as much damage.
Fly, you said you don’t read charts, but you posted charts. If you posted them, you read them. You acted logically. The market acts logically sometimes, is random at other times and is rigged at all times. If this market is getting kicked in the balls, it’s because the PDs are not buying. If the PDs don’t buy and the market tanks, everyone will be screaming for the Fed to shit out barrels full of QE.
Right now there is all kinds of legal pressure on GS. The last time GS had this kind of pressure was May 6, 2010. That was the day of the Flash Crash, I believe. After the Flash Crash, the legal pressure on GS disappeared. Today is May 6, 2011. Happy Birthday.
This year, Blankfein received a $5.4 million cash bonus, in addition to his $12.6 million restricted stock bonus in 2010, . If he hasn’t sold most of that stock, it stands to reason that he will do whatever it takes to get GS stock prices back up. Goldman Sachs stock has dropped to below $134 today. That is down from $175 in January. If Lloyd is still holding on to that stock, the greedy bastard will have a hard time selling it now for a 25% discount over it’s yearly high. There is only one thing the Gold Men live for and that is MORE.
http://www.msnbc.msn.com/id/43299687/ns/technology_and_science-science/
That is NOT a linear fuckin streak. Just like the rocket launch off the coast of LA a few months ago was not a jet contrail.
i laugh,cause gs is gonna be the next mother fucker to have an airplane flown right into them via gadaffi.and dont think for one minute,that the chinks wouldnt fight for libya and make deals for earl just to fuck france and the uk…….china has all the cash now. they would squeeze the hell out of those two countrys in a heart beat……and then pray tell,who has the nut to go to war with the chinese………….
China doesn’t want war with the USA. No one wants war with the USA. Even Gadaffi didn’t want war with the US. He just wanted hard goods and hard currency for his oil (after the banks pillaged his investments like Vikings) and in response the US turned his children to corpses. Still, I wouldn’t want to go to war against China either.
Why the fuck do WE want wars when we keep losing them?
Because they are inflationary. And inflationary times further lines the pockets of banksters, and pushes the average guy down a little further.
Not long after 9/11 a spectacular display occurred in the western sky during evening rush hour in Los Angeles. When it happened I was stuck in traffic on LaBrea going home, and it was very disconcerting to me. No advance notice and nothing on the radio about it. Later it was announced as a rocket test from Vandenberg Air Force Base. People seemed oblivious to it, business as usual and never mind the white trail of fire in the sky.
i just took pictures of my weiner posted them and thats it, except some text msgs. thats all i did. oh and i lied but thats it. unless theres something eles
It’s strange, but I think I have picked up the ability to decode your comments… You win the award for the worst grammar – congrats!
Don’t you know that razor is steering his boat, holding his WNR and typing at the same time?
oh and also explaining what congressman weiner said, lol.
I’d be rich if I get a penny for all the “did you sell WNR today” posts
i’d be richer every time i heard “qe3 bitchez”.
There is no crying in baseball.
Throw chicken wing bones at your neighbors. That always makes me laugh on a down day
Do yourself a favor Fly and turn off the algo. They work great during momo markets like we saw since 2009.
The problem is the macro/fundemental events are taking center stage.
The rally was a sham because nothing got fixed. The losses are still there rotting up the banks balance sheets. The fundementals always matter in the end.
As the end of QE arrives I expect the summer to not be so pleasant.
QE3 will be right around the corner but we will have to endure some pain first before we get there. This will be especially true if the ECB raises rates.
The music is about to stop and the big money is taking profits.
“The rally was a sham because nothing got fixed”
Every rally since and including the tech boom has been a sham, and something did get fixed–the market. The market is totally “fixed, and we ain’t the fixers.
There was a ratio of 1.43 of buyers to sellers in OXY today
http://online.wsj.com/mdc/public/page/2_3022-mfgppl-moneyflow.html?mod=topnav_2_3021
WSJ “buying on weakness” page . Fairly useful.
ADM looking very good here in terms of technicals, and fundamentals.Safest broad agriculture exposure out there, and very beaten down. And, its ratio of buyers to sellers was 1.7 today
i was just looking at them this morning,if we have a weak harvest,they to will stay weak. there still about 15 points from their normal range
This Bilderberg thing would make such a great movie. Wikileaks got a hold of its 1980 notes on the meeting of 130 that will be in Switzerland this year. Here is 1980 transcript http://bilderberg2011.com/wp-content/uploads/2010/12/bilderberg-meetings-report-1980.pdf
We all get to have our turn being wrong in the “funhouse”. Try not to be too hard on yourself.
Last time you sounded like this, I sold out and took my losses, which was a big mistake. This is all going to bounce back up and you’ll be strutting around like a caged orangutan again, no offense.
The texts say, “we have a Weiner”:
“You give good head?” the embattled and married New York congressman asked the woman on March 16, this year.
She responded: “I’ve been told really good…and i love doing it.”
At that point, 46-year-old Weiner declared: “wow a jewish girl who sucks cock! this thing is ready to do damage”
Weiner is such a fucking retard. He has an AOL account for the love of sweet feathery Jesus and he stuffs breadsticks down his tighty whities.
He should have stuffed the breadstick down the front of his pants instead of the back.
Wow, it’s good that the U.S. doesn’t have any pressing economic or political problems to solve right now, so that we can afford to spend all our time and energy focusing on entertaining stories about politicians’ genitals, LOL.
And yet the reminder that sleezebag leftists will lie through their teeth with a smile (and now, an alligator’s weep) just to keep their greasy hands on the pole of power is always helpful in times such as these.
___________
As opposed to Right Wing politicians who never lie and are all as pure as the driven snow, LOL.
They certainly lie, and even get caught. But they also do not repeat that lie over and over to the public in mulitple press conferences alleging criminal fraud against them…
And for Gawd’s sakes, they at least have the personal dignity to RESIGN. Fuck, even Nixon — that price fixing statist in sheep’s clothing — resigned when he was caught in a cover up.
Just effing execrable…. and without even a shred of honor…
__________
Weiner is a dick.
But, I’m stating the obvious.
LOL … Right Jake, it was two years after Watergate that Nixon surrendered his presidency … that’s dignity … hahaha
Nixon didn’t order Watergate… he covered it up, like Weiner. That’s why he HAD to resign, asshole.
Meanwhile, Weiner admits covering up — even alleging criminal fraud — and up front says “no resignation.”
Why?
Because you Dems allow your pols to get away with that kind of slimey shit, that’s why.
It’s all about “da powah.” Nothing else.
_________
Need you be reminded that Dick Cheney shot a guy in the face?
Seriously, HE SHOT A FUCKER.
Darth Vader is allowed to shoot a vassal every now and then.
________
it’s all about “da powah” … treu dat
PS: Could care less which party the weiner belongs too … just another perv
http://en.wikipedia.org/wiki/Larry_Craig
http://en.wikipedia.org/wiki/John_Ensign
http://en.wikipedia.org/wiki/Mark_Foley
Need more?
Marsha:
Which of the above illicit sex-tards went before the cameras and announced criminal investigations into the dark forces that were defrauding of them in an attempt to mislead the public?
Marsha?
Which of the above no-longer-plaguing- us asstards REFUSED TO RESIGN?
Unlike…
Ted Kennedy (besotted manslaughterer)
Bill Clinton (multiple perjerur and on camera finger pointing denier)
Anthony Weiner (fraudulent criminal complainer, underaged sexter and all-around slimey weasel)
And let’s not forget Rep. William Jefferson (D. LA) — Marsha, this clown didn’t even resign when he was thrown in the slam. He had to be VOTED out!
Marsha??
__________________
Of course, John Edwards makes them all (except maybe Kennedy) look good, but at least he’s not in elected office (right now).
_______
The point wasn’t that Republicans are all bad and Democrats are all good, but that all politicians are shades of gray. You obviously are too partisan to see any of this.
Wrong Marsha.
The point was, when sleezebags get caught they should resign as they are no longer fit to be trusted as public servants.
No matter what party they represent. Can we agree on that much?
The prima facia evidence shows that — for the most part — Reps resign, Dems do not.
Would you dispute that?
Moreover, sleazebags that claim criminal conspiracy in order to cover up their sleazebag behavior are exponentially worse, than the the first level sleazebags who are caught and resign.
They should resign TWO times. And yet, again, historical evidence shows that Dems caught– even with their hands deep in the cookie jar — will not resign. I mean, it’s become almost part of the playbook.
Spare me your sanctimony about “partisanship” and rather explain to me why Dems need to be voted out, no matter their behaviour — criminal or not.
I have a theory, but I’d love to here your non-partisan explanation.
____________
Or “hear” as it were.
_____
http://www.badmouth.net/top-five-republican-gay-sex-scandals/
Republican Senator Larry Craig of Idaho rejected calls to resign, but did not run for reelection in 2008 after he was arrested on charges of soliciting sex in an airport mens room.
Republican Senator David Vitter of Louisiana, in a stunning comeback, won reelection in 2010 — despite having been earlier identified as a client of a prostitution service.
Then-South Carolina Governor Mark Sanford likely ended his chances of ever running for president in 2009 when he tearfully admitted that rather than hiking the Appalachian trail as he had claimed, he was actually having an extra marital affair with a woman in Argentina.
and there’s more if that hasn’t wet your whistle …
Then-South Carolina Governor Mark Sanford likely ended his chances of ever running for president in 2009 when he tearfully admitted that rather than hiking the Appalachian trail as he had claimed, he was actually having an extra marital affair with a woman in Argentina.
You are biased to the nth degree … why don’t you just own up to it rather than reverting to your leftist/dem charges … as if conservatives take the higher road by resigning … LOL … the guilt trip answer for breaking some conservative code … funny shit Jake!
oops, forgot the top 20 GOP Sex Scandal link … here it is, Clarence Thomas and all:
http://www.alternet.org/sex/140933/rating_the_greatest_gop_sex_scandals_of_the_past_20_years/
don’t break a tooth eating those almonds…
they are actually hard on molars! ask a dentist.
Groovy tune scooter.
Guys how bad was the fire could it be a buy op.
No fire … just a short lived power outage:
http://www.bloomberg.com/news/2011-06-06/west-texas-sour-discount-widens-after-texas-refinery-outage.html?cmpid=yhoo
Guess I’m holding my WNR overnight then.
This place is getting depressing.
we need some WNR squeeze to get the juice flowing again
In a word, Scooter has been Galaragga’d.
indeed, when playing this game one must balance a variety of factors including returns and living ones life.
and if you are doing it for others, you must consider volatility also. a fund that makes 30%/year but has a drawdown of 70% after, say, lehman or 40% last summer or something… (even if it still averaged 30%/year) is likely to wind up facing enormous withdrawals.
15%/year worst month -2% and you’re probably beyond rich. for now.
someday, in the next big bull/bubble, you’ll have to keep up with the market as it rallies up.
but, yes, it is a stressful profession. utterly non=contributive to society, but stressful.
you made your bed and you shall lay in it… unfortunately for the time being excessive flatulent converted your luxurious bed into a dutch oven, but soon the winds will blow the stench upon your haters faces… haha
fortune cookie says “he who farts in church sits in his own pew”
FISG (Fly is STILL god)
A little while ago you said that this market was not a place for amateurs. Being a huge amateur I agreed and basically moved to the sidelines.
I feel that the future will come into focus soon and I am starting to look at some interesting stocks.
I don’t know anything about sectors or inflation or what happen in China, but there are some individual companies that seem to be growing and prospering through luck and decent management, and I hope they will make me a few bucks.