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
23,466 Blog Posts

The Market is Full of Gas

Today was not my day. Most of my stocks went lower and I was paralyzed from pulling the trigger on potential new positions. Today’s big standouts were natural gas stocks, thanks to the cessation of blood letting from the sector. Natty bounces one day and all of the midgets cannon-fire themselves into these stocks: unfuckingbelievable.

The biggest hybrid moves in The PPT were GDP, SWN, HNR, RRC, FST, KWK, XCO, UPL etc.

Gold, silver and copper did well too, even coal. As a matter of fact, just about everything did well except my fucking stocks. Perhaps there’s a black cloud hovering over me, death himself at my doorstep. I’ve been known to push the envelope and make fun of the Gods. It wouldn’t surprise me in the least if some sort of reprisal was in store. However, “The Fly” doesn’t need the help of the Gods, nor does he fear grave karmic reversals, for he is immortal and his financial position is failsafe.

For the day, I shed 1.2% and black clouds strewed trash all over my top hat.

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53 comments

  1. Jg

    fig

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  2. Jakegint

    Had a conversation with the man, who knows dese tings (sic)…

    He said natty had only one direction to go.

    He said that direction was “lower.”

    _______

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    • Mr. Partridge

      I agree with the man 🙂 but M&A should be strong in the sector this year too…

      Scanning for ‘Buy me’ plays, Chinese are shopping in Alberta

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    • The_Real_Hmmm

      I think your man’s thoughts are prevailing, but structural changes are going to force the cruise control to interrupt and his ship may go full Costa Concordia. CHK is idling rigs and lowering their capex/opex budget, effectively knocking off 9% of total North American production. The smaller outfits levered to those areas in which CHK operates (Barnett and Haynesville shales) will pick up that biz, like XCO. Granted that may not significantly impact the price of natty, but amendments are underway.

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      • Jakegint

        My man told me that the old line guys would take the shaft. But he also said that the new frackers — who can turn production on and off with the flip of a switch — will absorb that capacity… and then some!

        ________

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    • Colonel von Ryan

      Talk to any driller that hits gas instead of crude, they hate natural gas. It means they wasted a lot of time (money) on a worthless product.

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  3. Sammy

    Tomorrow is suppose to be the last day to raise a little cash before a sizeable pullback.

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  4. Mr. Partridge

    So far not a single red day for me, never had it before for that long.. hit the wood

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  5. Good Shepherd

    “black clouds strewed trash all over my top hat” = lol

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  6. flyaway18

    Fly, TLT found support today at the 100 EMA…The 200 EMA is around $108.

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    • ripper

      lol EMAs are a losing game

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      • Mr. Partridge

        tell it to the algos

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        • flyaway18

          Ripper, do you know why I even mentioned it to Fly? If you do, by all means write why. If you don’t, your comment is meaningless to me.

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          • Betty Fetch

            Flyaway, I do read your responses on occasion, it appears to,that you know the market, there are plenty of faceless amatures AKA Ripper. 53 58

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          • flyaway18

            Why thank you Betty, for your kind words. By chance, are you related to Luminous Chairman?

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          • flyaway18

            He is almost 60.
            PAL

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          • Betty Fetch

            oh of course I am, I remember you from the GODS, so nice you remember me. It has been a long, long time

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  7. Dan Ellis

    Still… UNG barely responds

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  8. brk

    Every this is fine, best comment stream ever:

    http://finance.yahoo.com/news/stocks-cheaper-theyve-two-decades-195422624.html#yom-comments

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    • Mad_Scientist

      Those comments are a relief. Now I don’t need to worry we are at a top and about to get clobbered. Big money is buying dips while retail joe sits on the sidelines stewing in anger and resentment and 0.4% interest.

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  9. Joe

    I should of went long sfly 3 days ago, damn…

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    • The Fly

      In the old days I would have banned you. Today I beg your pardon and firmly request to know your portfolio.

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      • Jakegint

        Should have gone long, demmit.

        ______

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        • Good Shepherd

          im long bengals and louisville bball. im fooked

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          • Jakegint

            Bungles are a good long term hold w. Dalton and AJ in there. The tight end (Gresham?) and the other big WR — (Simpson?) are pretty good too.

            If coach can keep delivering defense, you’ll be playahs next year.

            As for Cards hoop… well, the Giants looked like shit in the middle of the season too, lol!

            ____________

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  10. flyaway18

    WTH Fly, I mentioned BVSN right here on your comment post when it was at $12 and I read back today and see you’re giving TIM credit?
    Thanks a lot.

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  11. Joe

    I was tracking Sfly for a few days and decided to hold off based on my technical model, and then much to my surprise I read your were long. No disrespect lol, love your material and humor.

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  12. Dirk Diggler

    imgur.com/KqIme.jpg

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  13. Joe

    LOL no rimm sorry. crus, cnx and nbix

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  14. Whaler31

    Wow.

    Did anyone see this Christopher Dodd threat about SOPA/PIPA to Congress, now that he is CEO of the MPAA?

    Naked truth:

    http://www.theregister.co.uk/2012/01/23/mpaa_bribery_petition_white_house/

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  15. BullRun

    UNG and ECA natural gas is not Free!

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  16. razorsedge

    best for me, + 28% WPRT since nov…lov the nat gas plays. once we get our collective head out of our asses, this will be the ticket.

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  17. razorsedge

    P.S. FLY YOUR MUSIC SELECTION IS PERFECTION.

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  18. bababooey

    Alas, is there no end to the pretentious bordeaux homo cheese tasting and classical music douchebaggery?
    Carry on all faux elitists, carry on..

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    • Fly

      Pray tell us, what do you eat, listen to and drink?

      Do you always come across as a vagrant homeless guy, strewing insults with cheese whiz flying out of your mouth, or is that faux– a word of your liking?

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  19. Anonymous Piker

    WNR marches onward and upward.

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  20. dave

    Go Warren. Go Warren. It’s your birthday. It’s your birthday.

    http://www.bloomberg.com/news/2012-01-23/buffett-s-burlington-northern-among-winners-in-obama-rejection-of-pipeline.html

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