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Trading with The Fly

Dr. Fly
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
23,473 Blog Posts

I AM AN OIL MAN, ONCE AGAIN

Dr. Fly Tue Feb 3, 2015 9:54am EST 11 Comments

I’ve been buying oil stocks, little by little, for months now. I’ve built up some decent sized positions and have reduced my cost basis on several losers to reasonable levels.

My largest oil position is SLCA, second ECR, third DVN, fourth PEIX (ethanol), fifth OXY, 6th MUSA, 7th TA, 8th FMSA and 9th CHK. I also own a 10th oil position in WRES, but it’s miniscule.

Holy shit I own a lot of different oil stocks.

My basis on SLCA is $35 and ECR is $6.38.

NOTE: I added to PEIX this morning.

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11 comments

  1. thegametheorist
    thegametheorist
    February 3, 2015 at 9:56 am

    LINE just triggered buy signal

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  2. matt_bear
    matt_bear
    February 3, 2015 at 9:59 am

    J.R. Fly

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  3. J Adabese (your pen pal)
    J Adabese (your pen pal)
    February 3, 2015 at 10:03 am

    FIG… I lightened up selling SN and half UWTI but is still a large commitment.

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  4. aggiealum
    aggiealum
    February 3, 2015 at 10:11 am

    Thanks to the PPT on the OIH OS. Bought SLCA on your alert to trade along with the OIH OS signal. Hold the SLCA for the 5 days, or let it run?

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  5. aggiealum
    aggiealum
    February 3, 2015 at 10:17 am

    Missed out in the GPRO And TNA OS signals!

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  6. gappingandyapping
    gappingandyapping
    February 3, 2015 at 10:20 am

    $GASL murdering fuckers, $UWTI ripping tits for me. $RIG ripping. God it feels good to be an oil gangsta

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  7. budh
    budh
    February 3, 2015 at 10:28 am

    Refiners will benefit first.

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  8. pirate
    pirate
    February 3, 2015 at 10:34 am

    Great movie (“There Will Be Blood”). If I had to think of a fictional character as close to what I imagine ‘The Fly’ is probably like it would be ‘Daniel Plainview’…

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  9. dvaughne
    dvaughne
    February 3, 2015 at 10:36 am

    Mr. Fly, GMCR’s earnings? hit or miss

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