What do make of it all? Oil is at 6 month lows, as well as the entire commodity space. Yields are now edging higher, based upon what exactly? Higher rates? Serious?
Let me tell you people something, this is crazyville and you’re all part of the lunatic fringe of people who run around with chinese lottery tickets in hand. I have two stocks up big today: SLCA and PANW. My utilities and TLT are lower. But the worst part is sitting here waiting for the world to end. I am not built to wait. I am a very impatient person and I am just learning about that right now.
VNET is getting smashed thanks to a Seeking Alpha hit piece and WBAI was targeted by Muddy Waters. At one point I was long both of those stocks. I sold VNET at $30. Do you see how stupid it is to hold these stocks long term?
There are very few things that I am confident in. One of them is US oil production. And to that end, I know that most exploration companies, like in the great gold rush, will fail. However, like in the gold rush, they need supplies to make their dreams a reality.
EMES, HCLP and SLCA are long term holds.
SLCA just upped guidance today, telling you that fracking sand demand is ‘off the chizain’ and how stupid everyone else is for not being them.
I once bought and sold SLCA for a quick trade. Then I bought it again, higher, saying to myself “don’t you dare sell it again, asshole.” Sometimes I have to speak to myself that way to get things done.
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Ciao.
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I wonder if there is frack sand in the great expanses outside of Vegas.
VNET bought iPoo.
and your gold rush line is brilliant….spoken like a true wall streeter.
I’ve lectured my asshole self on selling HCLP also. But did I listen? NO I did not, sir.
only assholes use “Ciao” – the fly