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.
[youtube:http://www.youtube.com/watch?v=XMbvcp480Y4 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter
fig
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.”
_______
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
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.
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!
________
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.
Tomorrow is suppose to be the last day to raise a little cash before a sizeable pullback.
who said suchness?
I do!
http://www.bloomberg.com/video/84650154/
To Tom’s credit, he seems very confident in his system.. I’m interested to see if he’s correct.
So far not a single red day for me, never had it before for that long.. hit the wood
ment to say this year lol
too much info(stroking your wood), Mr. Goldsocks..
hey,at his age,he’d be happy with just a stroke
FU drummer… I am 22 lol
roflmao P
“black clouds strewed trash all over my top hat” = lol
Fly, TLT found support today at the 100 EMA…The 200 EMA is around $108.
lol EMAs are a losing game
tell it to the algos
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.
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
Why thank you Betty, for your kind words. By chance, are you related to Luminous Chairman?
He is almost 60.
PAL
oh of course I am, I remember you from the GODS, so nice you remember me. It has been a long, long time
Still… UNG barely responds
UNG is a disfunctional etf, only good for shorting
UNG up 10% today is disfunctional?
10% = barely responds? WTF are you looking at?
Every this is fine, best comment stream ever:
http://finance.yahoo.com/news/stocks-cheaper-theyve-two-decades-195422624.html#yom-comments
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.
I should of went long sfly 3 days ago, damn…
In the old days I would have banned you. Today I beg your pardon and firmly request to know your portfolio.
Should have gone long, demmit.
______
im long bengals and louisville bball. im fooked
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!
____________
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.
yes you did… I even commented on this crazy momo you’ve mentioned
No word from Fly mean you were correct.
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.
What do you own?
RIMM
imgur.com/KqIme.jpg
LOL no rimm sorry. crus, cnx and nbix
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/
UNG and ECA natural gas is not Free!
My ECA call is looking pretty good, eh?
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.
P.S. FLY YOUR MUSIC SELECTION IS PERFECTION.
Alas, is there no end to the pretentious bordeaux homo cheese tasting and classical music douchebaggery?
Carry on all faux elitists, carry on..
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?
WNR marches onward and upward.
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