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
23,447 Blog Posts

Frankly, I Am a Coal Man

I see the markets are selling off from this morning’s sugar high. However and quite frankly, I don’t give a damn.

Some of my positions are behaving rather poorly, like PPC, SVU and OSG. Let me reiterate, I couldn’t (emphasis on “n’t” for the illiterates) care less.

“The Fly” is a coal man, knee deep in the black stuff. My face is covered with soot, as I overlook the worker class mine money for me.

I want you to understand something, very simply: I warned you of the coming rise in coal. I let you into my world of fortune and glory. For those of you who followed me into the gates of heaven, I expect gratitude. Everyone else can make ham sandwiches for the business elite, for all I can care.

In summary, net, net, I am up 2% for the day, as my second largest position climbs the ladder of success. I am not selling a single share; but may look to swap out of losers to capitalize on the change in momentum.

UPDATE: I sold out of PPC and SVU

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22 comments

  1. trashman

    ANR Calls. Winning

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  2. Tpain

    Thanks for the precision call on coal.

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  3. 4fl3x

    Coal + Bonds will bring you a VXX-Free Halloween.

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  4. Cascadian

    Do you care about pollution?

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  5. TheV.King

    Obama should worry about this…The rank and file are starting to ask questions…
    http://www.foxnews.com/politics/2012/10/09/cbs-reporter-slams-administration-for-major-lie-over-weakened-taliban/

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  6. tom

    why?

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  7. bobbin4apples

    EPA is a scam. clean energy is engineered to keep the poor people poor….I Love this Doc…http://www.youtube.com/watch?feature=player_embedded&v=YtevF4B4RtQ

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  8. Toronto Trader

    Thanks Fly… you nailed the coal trade. You are a gentleman with a top hat!

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  9. mike

    going to drive my Denali off the nearest bridge for NOT PULLING THE TRIGGER ON ANR Yesterday at $7.17!!!! For this Fly, I beg your forgiveness…I shall never doubt your free handouts again!!

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  10. Odumbo

    Thank you Le Fly! I have been following you for over 6 months now. Great column, always entertaining, even when you were down about 3% for the year.

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  11. shaun

    How about the coal laggered LLEN? the last time anr and coal went in sept this thing ripped 25% in a couple days..right now its lagging

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  12. Joe

    Bernanke’s favorite parody video of There Will be Blood: There Will be Blood

    http://www.youtube.com/watch?v=y9ClsOQdlUE

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