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

Moving Past Oil

I sold out of OXY for a $3 gain, despite oil firming up today. As you readily know by now, I started a position in JBLU, bulking up on airliners, which also contains an AAL position. My largest oil positions are SLCA and PACD, both of which I intend to hold for high prices. I am not beholden to oil and see no reason to play asshole parlor games at a time when other sectors offer steady returns without having to enter Dante’s seventh ring of hell.

For example, I started a position in MD today. There is a stock that simply glides higher. It doesn’t hurry itself or run about the sewer pipe ever other day. It merely comports itself the way a gentleman stock should, with grace and certainty.

On the other hand, my hamburger stock, HABT, which has been nothing less than a vulgar excuse for speculation since its IPO, is beginning to exhibit signs of life. This is likely due to the fact that several peers have reported positive results and people are beginning to understand how badly MCD sucks.

Thusly, I am up 0.5% for the day, hoping to extend my god given rights to MOAR by the end of the day.

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9 comments

  1. vandamme

    Have you even eaten at habt yet

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    • Dr. Fly

      No.

      Have you ever mined for gold before?

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      • helicopter ben

        I did once, but I was very young and it turns out all they give you is fools gold. Great for a 5 year old but I wouldn’t go long and mediocre Midwest theme parks if they go public.

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        • bonobo smores

          I know a guy who spray painted sand gold and sprinkled it in his driveway so his parents could find some paydirt. Long HABT

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      • one-eighty

        That doesn’t make sense. He’s talking consuming, you’re talking producing. You could’ve asked him if he ever bought any real gold.

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  2. it is showtime

    I bet the shippers wish they could move past shipping rates

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  3. prometheus

    PACD has a nice 6.5% divvy while you wait.

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  4. golflover123

    Fly PACD is expected to announce their qtr earnings on Monday….are you expecting good numbers and holding through this? Any time frame or target price you looking at?
    Thanks in advance!

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