I sold out of my ERY hedge. I am seeing a lot of strength building throughout the day. I much rather be cautious in cash, then in a losing position. Also, I just bought both ULTA and DECK. I am in DECK for the $100 roll, nothing more.
WNR continues to defy gravity. It may be time to take a look at other refiners. Spreads are so wide even an imbecilic moron can bank coin in the refinery business. I like ALJ, CVI, HFC and DK.
The banks are for shit. I sold out of ETFC.
I am up more than 15% for the year with nearly 60% cash. My main concern now is growing my gains without having to chase stocks. Should we get another down day or two, I will be actively shopping. So you know, the new PPT algo in development is spitting out hundreds of OVERSOLD names today. And, it is flagging OVERBOUGHT on some inverse ETF’s, like DRV and DPK. This makes me want to sit on the sidelines, instead of trying to play “Roubini the Great Guru” with assaholic short positions.
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Indeud.
Do you have 100 year memberships to IBC? I would like to sign up…
These weekly options shit has made Fridays fun.. market makers gotta do there thang. I am hanging short for a swing here.. not crazy all in but 20% rest cash.
Haha, the Roubini comment is priceless.
Agreed, that was great!
Here’s a link for the FLY for that WNR position he’s got:
http://www.privateislandsonline.com/
I think I’ve picked the perfect secluded, yet not reclusive one for him.
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Nice. A bit on the small side, but nice. Since it’s listed as being in both NC and SC, will he need to pay taxes in both jurisdictions? 😉
I think it’s in NC. There’s a nice one in SC too, near Kiawah, if he want’s the beach… Patrick’s island.
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easy to make monmey as a refiner now .. totally agree .. but Ive seen management of other co’s f up fat pitches before .. hopefully didnt hedge all out at $23 crack .. LOL
stupid rally. I have China CPI data and the Clam with wishy washy talk in the next few days. This Bear with a accordian is looking for her 76.00 take out of the US Dollar.
Can I ask a question?
Is WNR almost eligible for the $100 roll?
it certainly can be a major player considering where it came from a couple of years ago. maybe one of the illuminati oil co’s will swallow them up, seeing how delectable they have become.
Good call, Fly…stop dicking around with meaningless positions. As an outsider, it appears to me that you always make your money on your key calls/theses. The rest is just BS that sometimes goes up and sometimes goes down. I realize things can be boring at times and you want to stay amused, but in the end it’s just a sideshow to the main event(s).
Shorting this market is absurd. Even though I made money doing it these last couple of months, I fully recognize that it was more due to luck than market adroitness.
So long as the powers that be intend to keep the liquidity spigot open, one has to remain long the market. Market participants were wrong to sell on the jobs report today as it would likely make sense to sell once we see the labor market in the US improve (if ever) as interest rates would likely rise.
Long XIV and long SLV calls.