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
23,436 Blog Posts

OIL TO SAVE THE DAY?

We are getting a fierce and ferocious bounce in oil related names. The stocks that have been the very bane to society might serve as its savior today. With 5-15% gains running strong now, there is a better than average chance it lifts the entire market higher today.

Keep on the look out for penis slicing reversals.

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13 comments

  1. zookini

    $Z re-entered @ 112

    covered $GPRO short looks set for a rebound

    scared to hold $HABT overnight for fear it prints in the 20’s before the 40’s

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  2. Mr. Cain Thaler

    Janet Yellen would love to help, but she has an early morning Jazzercize class.

    You understand.

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    • heckler

      She’s in the pool – old lady water aerobics – no idea what’s going on outside the natatorium

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  3. budh

    Dead cat bounce, as they say. We will soon be returning to our regularly scheduled program.

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  4. rangersfan

    Dr., do you have a favorite single name(s) or ETF(s) that you are following that will lead a turn higher in oil related stocks? Or just waiting for CL to hit $55

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  5. sloop

    FUCK YEAH!!!! God I am so happy today. I was about to write my last letter to my loved ones. But I’m not ready to pull a Jesse Livermore. I’m to old to die yet My only other words today are: …………LETS GO OIL!!

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  6. Trent J

    The picture on this blog is me… in like 3 weeks.

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  7. bruce keller

    Oil’s gotta get past the Dec1 resistance, otherwise just a dead cat bounce. Below $60 though is pretty hard to imagine.

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  8. UncleBuccs

    In case one of you gent’s is in the mood to jazz up your wife’s Department 56 Christmas village….. http://www.ebay.com/itm/Harvard-Instruments-Small-Animal-Decapitator-Guillotine-for-Mice-Rodents-Rats-2-/321468992092?pt=LH_DefaultDomain_0&hash=item4ad90b8a5c

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  9. flyaway17

    I am guilty of nibbling today: SLCA, HCLP, SU, CNQ, BTE, even though my partner in Canada said “not today.” I bought more Apple yesterday.

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