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
23,452 Blog Posts

Do I Smell Reversal From My Basement?

I am hiding away in my basement, like a troll, typing away like a blogging gorilla doped up on meth.

Basic materials have bounced. ANR, ACI, and others, are ripping to the upside. Sterne Agee is out with a report citing coal demand is sustaining and increasing upon recent share gains at utilities and has done so every month since the April lows. Moreover, they feel the recent drawdowns in supply bodes well for pricing going forward. In a word: HORSESHITTERY.

As long as natural gas is selling for dirt nuts, coal is in the penalty box. Nevertheless, some of those names can springboard higher for a trade. To think, I sold ANR more than $2 higher just last week.

I’m still waiting for my fucking boat stock to reverse higher, OSG. And, let’s not forget, I am taking 4-D losses in this fucking 3-D stock. DDD is the future. However, the future is never guaranteed.

At the moment, I am down 1.06% for the day.

If you enjoy the content at iBankCoin, please follow us on Twitter

55 comments

  1. Captain Planet

    “…I am taking 4-D losses in this fucking 3-D stock.”

    LOL!!! Quote of the year.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. razorsedge

    did ya listen to Mahmoud Ahmadinejad , he blames many for his country’s problems, but mostly the wealthy zionist.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. moolahheaven

    OSG broke back below 7 on no news that I’m aware of – is it just gen’l mkt decline? I am happy to see that SVU however has not fucking moved (as usual)…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. JTU

    I’m actually slightly up! Why? Because I’m heavily loaded in horseshittery stocks that are finally getting a bid today.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. tradedrunk

    I am not worried, I hear dick guillotines being mobilized off in the distance by coked out monkeys.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. TraderCaddy

    Could be mold in your basement that you smell.
    Go hire another guy and check it out.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. MX2101

    Thanks to Girlfriend Dearest I am quite acquainted with my basement. It has the all-important direct door to the outside…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. KCTrader

    /ES is going to 1445… Buy now

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Marc David

    Not like there’s really any downside.

    It’s just an excuse for a 2% “correction” so we can get back to new all time highs.

    Please print a mid 2.5x score so I can go all in and welcome 2013 wiht open arms.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. DMG

    Are you sitting under that 1/2 window (on your right) and watching the flat screen on the wall?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. Jimbo

    My recommendation: Buy some GOOG and take the rest of the week off

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. L.K.W.

    True, “the future is not guaranteed.” ..like most company’s crap product they have no pride in to guarantee anymore. Sometimes they’ll offer a conciliatory warranty, of course.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. jimmy_two_times

    TLT still strong.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. ruggyup

    Color me cynical but, seems like buying OSG uses the same decision process as buying DRYS

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. dvk1970

    Thursdays have been the days for brutal barbarian reversals lately.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. JTU

    Get ready here comes another dicksucker on CNBC warning investors for another 15% drop in stocks!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. riggedgame

    John McCain was SIX POINTS AHEAD in Ohio at this time in 2008. McCain proceeded to get his ass whupped.

    Romney is now EIGHT points BEHIND in Ohio.

    I don’t like the Tax Evader’s chances!

    http://www.toledoblade.com/Politics/2008/09/21/Ohio-survey-gives-John-McCain-6-point-edge-over-Barack-Obama.html

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • vking

      I’m guessing you made it to ninth grade…Just a guess…

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Jakegint

        Hilarious that the doofus thinks Obama’s fortunes won’t reverse like McCain’s did.

        (Never mind the use of Dem-skewed polls… )

        ________

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • vking

          Gint I do hope you are enjoying The V.Kingdom…

          • 0
          • 0
          • 0 Deem this to be "Fake News"
        • juice

          Romney all the way! The time is right for a legal tax-evader/psychopath to lead the free world into the next world conflagration!

          Let’s nuke the place & start over! To the survivors go the spoils.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • Sur Platonic Plateau Du Tecnocrats, B.R.A., D.J.D. upon Rookness.

            Here’s the way this works folks (Juice in particular).

            You keep HOBOma, you get the USDollar going from ~80 down to 60 and a $SPY up near 1,500+ highs 2013.

            You choose Mr. Romney, you get a 1) stronger dollar – 100+???

            AND

            2) $SPY 2,000 by 2015-2016.

            If you like American’s being burned alive in our venerable embassies, enjoy watching outsourcing via Clinton-HOBOma UN rook(ie)s, I feel bad for your myopia.

            Not because you fail to comprehend what I just wrote, but because you are so intellectually limited that you cannot.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • moolahheaven

            Well said SUR! BTW I think caving in to middle ages mentalities who want nukes is the mark of a true psychopath.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • vking

            Obama knew about 9/11…12 and lied and American’s died!

            Also only non-educated or poor people believe the tax evader nonsense…The money President Romney earned was taxed the first time he made it… The fact he shelters it from parasites like you makes me like him all the more!

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • juice

            I loves Romney & hate Obama .. don’t know what you gerls are talking about!? Romney rules & Obama has ruined this country in 3.5 short years. I blame him for everything!

            don’t blame Romney for his 14% tax rate … it’s all legal .. I’m all for that white greedy fucker who don’t give a shit for anyone but his circle of profit-greedy & power-greedy fuckers . I’m trying to get in his inner circle before Obama ruins the last vestiges of life on the planet

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • vking

            1. 14% mostly because it’s dividend investments…Not a paycheck tax
            2. Maybe it’s not that Rich folk don’t pay enough…but maybe the government spends too much…on bullshit programs that don’t help anyone long term but only keeps them in the system…hence more votes for the next election…

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • moolahheaven

            Juice, you just showed your ‘true colors’ by what you said!:
            “I’m all for that white greedy fucker”

            Tell us WTF does his color have to do with it? Is it somehow a crime to be white? Don’t spout racist shit here – whether it’s anti-white, anti-black or whatever. You sir lack a top hat.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • Jakegint

            Juice is a self hating Tribesman. They are all mentally fucked up like that.

            ______

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • ruggyup

            Acknowledging personal intellectual limitations in advance, neither Obama nor Romney will be able to change a thing. We are in a chokehold of corporate/financial strangulation. When BILLIONS of $$ are spent to elect a president just how bright a bulb does one need to see where the power is?

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • Jimbo

            Ruggyup- I completely agree with your statement. That’s where we’re at.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
  18. Trading_Nymph

    IMHO, normally commodities get softer over National Day (which is actually a week in China..which makes no sense?). But OMG, this isn’t about fundies at all, all we have is whether Spain will ask for bailout, and if so, can they get a small one with no strings attached. So back to the Central Bank Liquidity trade so Fly can get his Cocaine.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. Sur Platonic Plateau Du Tecnocrats, B.R.A., D.J.D. upon Rookness.

    (To earn BRA’s continued attention)

    Does the TN put on platforms or wedges?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. PTVA

    Looks to be a large put spread on IWM in DEC.. Bought 76k 82s and sold 76k 73s.

    http://screencast.com/t/jiTGHGRhf4GR

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. Jakegint

    STILL SOME ROOM IN THE UNIMOG, FLY!

    (Or become one of the “Rolled Over” hoi polloi)

    • 0
    • 0
    • 0 Deem this to be "Fake News"