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
23,431 Blog Posts

BEARS CLOWN RAPED TO END A FINE WEEK

What more can I say?

I went deeper into leverage into the bell, buying ALJ. As my equity rises, so does my buying power. Hence, I made ALJ a 3% position today, with the intent to add to it. Crack spreads are improving. But more importantly, the BRENT-WTI spread is widening. There’s also a shot at some congressional epa type action that might ignite the sector on fire. If you don’t know what it is, I suggest spending this weekend doing some research, you lazy bums.

http://www.youtube.com/watch?v=weX2PeqnvVI

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19 comments

  1. granpa

    Thanks Fly for the best damn site on these here interwebs. You have assembled the best crew available on the planet. Kudos to you and them. Good weekend to all.

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  2. gatorsun

    ALJ good pick….been long from 8.80

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  3. denizen

    btw, ARR has been on my radar. Coach, any thoughts?

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  4. malanko

    Yep, a talented crew indeed

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  5. dancin

    For the lazy among us, he is referring to the possibility that the need for purchasing RIN credits will be reduced as the EPA is starting to acknowledge the ethanol blending wall that everyone besides environmentalists and the ethanol lobby knew existed. As usual this is heading to the courts though as the ethanol lobby and corn state reps. try to stop the EPA from making any changes.

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  6. mr.partridge

    The Clown was Elon Musk, I have sold out of all SCTY… what a freak show.
    Have a good weekend.

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    • og

      When Elon buys, you follow. I don’t think it’s done running yet.

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    • TheHarper

      I am going to say that Elon Musk is a gentleman of the highest order. Out of the numerous companies he has started and sold, he now has two companies that are in the middle of epic short squeezes, defying all valuation metrics in the process. Clown, not quite the right word to describe him.

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  7. ummwtf

    I’m quite sore from being on the wrong side of this rally indeud

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  8. gatorsun

    just buy what fly buys…In size that you can afford..he has the golden touch,,

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  9. ironbird

    IBC is god. No fucking doubt. This 0care mess is insane. How the fuck does this not drive a stake right down the middle of the good ole USA? It does not work in any way. The dems must think the USA is one giant ghetto. It is not. Peeps have money and can think and do not want this shit. The disaster is so huge there is nothing to compare it to. It is laugh out loud hilarious fucked.

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    • rigged game

      Correct. We want SINGLE PAYER- Medicare for all.

      And save $1 trillion a year of vigorish.

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    • mtpennybags

      Word is that if you don’t want it you can keep your current plan.

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  10. ironbird

    There is no way to defend the 0care debacle. It is not possible. This fuck up is unrivaled.

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  11. narwhal

    Is PGEM finally turning the corner?

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  12. rigged game

    Too many bulls here. The market is topping.

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