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
19,768 Blog Posts

ATTENTION PROFESSIONAL KNIFE CATCHERS

This isn’t the bottom in commodity stocks. I am not bold enough to short them. But I am smart enough to not fall for their alluring looks either. It’s like having a wife that cheats on you. Once you catch her, you have no choice but to divorce and move on. It’s not the act itself that is reprehensible, but the vagrancy of her character.

Gold, silver, copper and steel stocks are constantly giving its shareholders venereal diseases. Why do you keep them around? Are you a glutton for punishment, you stupid gimp?

Here, have a look at my raw commodity index.

raw

And here is my commodity stock index.

commodities

Even if you’re a super bull on commodities you don’t want to buy at bad levels. I define “bad” as not optimal or entirely opaque or uncertain. Is it possible that the bottom is in? Sure, no one has a crystal ball. Howsoever, it’s not probable, just looking at the recent trends and knowing the core underpinnings of the commodity trade, which are the commodities themselves, are still mired in mud.

I’d much rather take the other side of this trade and buy stocks who benefit from lower commodity prices, such as BWLD, FWM, NGVC, WFM, TFM, PPC, SAFM, HSY etc.

With lower commodity prices, hundreds of companies stand to benefit, not to mention millions of people who will be relieved to find lower prices at the store.

Get out from the ‘fag-box’ and start thinking like a boss, not like a peasant miscreant troll.

ATTENTION PEASANTS AND GENTLEMEN ALIKE: There is an epic thread taking place in Po Pimp’s NES take down post. I recommend having a look in.

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23 comments

  1. Jules

    Fly would you consider to jewelry play to make money off all the rappers or has this action already been priced in? SIG TIF NILE

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  2. Freebie

    This post made my day

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  3. flyaway18

    Ok, CNDO bought yesterday and up 6 percent today, thank you Devil, and I’m staying long. PPT nailed oversold on UNXL, I looked at it AGAIN on the dip and didn’t buy, I should be shot for flinching. CPSS I’m just watching right now. I like this company REN and have an roder to buy a starter position.

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    • flyaway18

      “order” – A Game….and still waiting for my grandma stock, GE, to reclaim $24 and then consolidate. Also still long although underwater on RIG.

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  4. widespread panik
    widespread panik

    What happened to the Devil?? No more tab=no more blogging

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    • prime

      Fly
      Even a gentleman like yourself has to be stalking KWK at this level. Bought 57k shares today.

      Thank me in 6 months

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  5. Montrose

    The Devil missing in action? Just curious. Thanks.

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    • The Fly

      The greatest trick the devil pulled was convincing people he didn’t exist.

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      • Julian

        Is the devil a little guy in a red suit sitting the Fly’s shoulder?

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  6. wtf!

    No, it’s the act itself. At least that’s what my ex-wife said when she caught me in flagrante delicto. She exclaimed at the act itself not at the vagrancy of my character—-that came later.

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  7. charles c

    fly…time to buy NES? just kidding..but enjoying the battle

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  8. Ray Donovan

    how about some wetf??

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  9. smokestack

    > Are you a glutton for punishment, you stupid gimp?

    You misspelled “gint”.

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  10. taxlord

    whats your price target on GS?

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    • Wtf!

      $160 or he chops off his goldmember. Don’t you read the fly’s pearls of wisdom?! Newbie.

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  11. StocksRider

    Love your thinking in this post, Fly. Like the $SAFM pick especially.

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  12. The Fly

    Can’t wait to post about refiners and yelp

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