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
23,471 Blog Posts

Waiting For Another Monster Win

I want to demonstrate some simple math for you cynics out there–because you’re stupid.

Stock A is a 7% position and it’s down 11.5%.

Stock B is a 20% position and it’s up 2%.

Stock C is a 13% position and it’s up 2.2%.

Stock D is a 15% position and it’s up 2%.

Just out of those 4 stocks, knowing the weighting a daily change, what is the net result?

That’s called “diversification” gentlemen. It enables one to withstand outlier events without blowing up.

I’m eying coal. The sector is selling off for two consecutive days, likely due to bad earnings at CLF. Remember, the coal sector is impaired. You don’t buy the sector for its fundamentals. It is a play on the future, which makes it the perfect Pro-Romney election day pick. I intend to buy ANR and JRCC, ahead of the elections and sell after Romney is declared King.

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47 comments

  1. TMoe

    TMoe shorts $LKND

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  2. Jakegint

    Today is a silver day, not a coal day.

    Hi Ho, Silver.

    Away!

    ________

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  3. vking

    A pimp has gotta have hoes…

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  4. Angry Bird

    Your 2012 predictions say Obama wins a 2nd term.

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    • wvufan87

      Things CHANGE. Obama has been shooting himself in the foot, seemingly doing everything he can not to ge re-elected.

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  5. wvufan87

    It’s nice to see coal coming in, after that run.

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  6. Angry Bird

    To be specific …”Obama will in fact WIN a 2nd term.”

    You also said BAC will file for bankruptcy

    You might be correct there as well..

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  7. ramrod

    my calculator broke! and i dropped out in the 3rd grade??

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  8. birdman

    Romney will not win. We all know that.

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  9. Devil

    You mean like 4 longs and 4 shorts.
    Wallstreet 2.0
    Have you converted?
    Should I call Keith

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  10. z

    If the O wins, the mkt tanks. If Romney wins, the Clam gets shucked, the mkt tanks.

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  11. Baron the Barbarian, Saint Clause, Herzog bei Wynnsor

    I wonder what a Rosanne Barr v. Michelle Obama debate would be like?

    (That’s a bizarre comment)

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  12. Jeff

    Romney will not win Fly.

    He doesn’t have the superior blue blood content.

    Obama will die in office, 2nd term.

    The Druids will see to it.

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  13. francesco

    not sure about Romney king , mr fly

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  14. francesco

    we have to see continuous derail throughout 6 nov then we’ll have romney king

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  15. Bill

    Master Fly,

    How about buying KOL rather than individual name. Are you buying JRCC and ANR through options,

    How about selling 8.5 option and buying 2x 9.0 option for 7 cents.
    So you sell 8.5 and buy twice 9.0 strike.

    Thanks
    Bill

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  16. Sooz

    +1.2%

    off top of head

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  17. birdman

    453466 long 453467 short. #Douchestamp

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  18. DMG

    Attention asshats of the interwebs (those thinking O’bammy wins reelection):
    Ban yourself now (yes Yogi) lest you need immediate, emergency dental attention come the evening of Nov 6th, due to excessive teeth gnashing in response to my schadenfreude-laden posts.

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  19. Cascadian

    Betting on a Romney win is a gamble. Betting on a court case outcome is a gamble as well. Might as well bet on corporate earnings announcements. It’s quicker and more opportunities.

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  20. The Eye-Talian Stallion
    The Eye-Talian Stallion

    During the first debate 0bama’s eyes glazed over, “This can’t be happening” he thought. “A white man telling me I’m full of shit, to my face, in front if 70M people?”
    Since then he has lost his cool and women do not like that, and as a result he lost the important white mom vote.

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  21. BetterThanPolls

    Coal has been positively correlated to Romney gains in the polls and vice versa for Obama. Take an average of the current swing state predictions, then look at the day’s change in coal prices to see whether momentum is gaining or slowing. Hint: Today it’s slowing.

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  22. Trading_Nymph

    Syria has a Weekend Ceasefire..yeah!!

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  23. lowoffer

    I’m still getting negative pi. anybody else?

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    • weirdo jay

      Panic is coming, I can smell it. Short lived, maybe only a capitulation of this normal correction.

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      • republicat

        It feels like it because winners are being smoked;

        But then when I start hearing myself say “panic” and start getting index put quotes, it usually means the bounce is at the door.

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  24. republicat

    $SHW Sherwin Williams is down -8

    The housing bull is dead.

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    • riggedgame

      Republicans LOVE bad news on the American economy, jobs, and terrorist attacks.

      Do you guys work for Alqeda?

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  25. JTU

    Picked up some MSFT today.
    They launced Windows 8 and Surface. Stock was beaten down after earnings miss. They stand to gain gain momentum going into next quarter with new products.
    http://www.zdnet.com/microsoft-launches-windows-8-surface-by-the-numbers-7000006397/

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  26. acehood

    $PPC; corn/soy prices to subside, chicken prices high (see BWLD).

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  27. sspiff

    We need the Bernank to say “I’m gonna get them bitches”.

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  28. Bleached Asshole

    CABella’s is my FFIV. My mustache has been punched off!

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  29. jeckrabbit mcgee

    Hey fly, keep these twitter polls going and diversify the questions. It’s really great seeing the ibankcoin users perceptions on various topics. Nice to have more interactivity amongst users.

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  30. TradingProdigy

    Especially when you only buy Stock B and Stock D.

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  31. JTU

    There’s no love for DECK going into earnings.

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  32. Dick Durban

    Fly’s bet on Romney is starting to look a lot like his bet on DECK. It seemed like a good idea at the time . . .

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